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CodanASX:CDA +2.75%82 EV-to-OCF is 47.01 as of Jul. 27, 2026, which is 150% above its 10-year median of 18.80. GuruFocus rates ASX:CDA with a GF Score™ of 82/100 and a GF Value™ of A$21.03 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,496 Hardware companies, Codan ranks worse than 81.89% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Codan's Enterprise Value is A$7,538.6 Mil.
Codan's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$160.4 Mil. Therefore, Codan's EV-to-OCF for today is 47.01.
The historical rank and industry rank for Codan's EV-to-OCF or its related term are showing as below:
ASX:CDA'
s EV-to-OCF Range Over the Past 10 Years
Min: 4.6 Med: 18.8 Max: 55.5
Current: 45.77
During the past 13 years, the highest EV-to-OCF of Codan was 55.50. The lowest was 4.60. And the median was 18.80.
ASX:CDA's EV-to-OCF is ranked worse than 81.89% of 2496
companies
in the Hardware industry
Industry Median: 9.095
vs ASX:CDA: 45.77
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-27), Codan's stock price is A$40.74.
Codan's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.705. Therefore, Codan's PE Ratio (TTM) for today is 57.79.
Codan (ASX:CDA) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Codan's share price for today is A$40.74.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Codan's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.705.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Codan EV-to-OCF Related Terms
Codan EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Codan's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Scientific & Technical Instruments subindustry, Codan's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Codan EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Codan's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Codan's EV-to-OCF falls into.
Codan's current Enterprise Value is A$7,538.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Codan's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$160.4 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Codan (ASX:CDA) has a EV-to-OCF of 47.01 as of Jul. 27, 2026. This is 150% above median its historical median of 18.80. Over the past decade, Codan's EV-to-OCF has ranged from 4.60 to 55.50. According to the industry distribution chart, Codan ranks #2044 out of 2496 companies in the Hardware industry, placing it in the top 81.9%.
Is Codan's EV-to-OCF too high?
Codan's current EV-to-OCF of 47.01 is 150% above median its 10-year median of 18.80. Over the past 10 years, this metric has ranged from a low of 4.60 to a high of 55.50. The Hardware industry median EV-to-OCF is 9.10. Codan's value of 47.01 is 416.9% above this industry median. Based on the distribution chart, Codan ranks #2044 out of 2496 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Codan has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's EV-to-OCF compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #2044 out of 2496 companies for EV-to-OCF. This places Codan in the lower half of its industry. The industry median EV-to-OCF is 9.10. Codan's value of 47.01 is 416.9% above this benchmark. Historically, Codan's own EV-to-OCF has ranged from 4.60 to 55.50 over the past decade. While the company's 10-year median is 18.80 vs. the industry median of 9.10, Codan has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Hardware company?
The median EV-to-OCF among Hardware companies is 9.10, based on 2,496 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current EV-to-OCF of 47.01 is 416.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median EV-to-OCF is 9.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current EV-to-OCF is 47.01, which is 150% above median its own 10-year median of 18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$21.03, compared to a current price of A$40.74 — trading 93.7% above its estimated fair value. The current EV-to-OCF is 47.01, which is 150% above median its 10-year median of 18.80 and 416.9% above the Hardware industry median of 9.10. Codan's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Codan (ASX:CDA), the current EV-to-OCF is 47.01 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$40.74 is trading 93.7% above its estimated GF Value™ of A$21.03.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
EV-to-OCF: 47.01 (150% above median its 10-year median of 18.80)
GF Value™: A$21.03 vs. price of A$40.74 (93.7% above fair value)
Industry Position: 416.9% above the Hardware median (#2044 of 2496)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
82GF Score
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