CodanASX:CDA +3.47%85 EV-to-FCF is 82.27 as of Jul. 09, 2026, which is 237% above its 10-year median of 24.44. GuruFocus rates ASX:CDA with a GF Score™ of 85/100 and a GF Value™ of A$20.90 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,328 Hardware companies, Codan ranks worse than 79.29% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Codan's Enterprise Value is A$7,949.7 Mil.
Codan's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$96.6 Mil. Therefore, Codan's EV-to-FCF for today is 82.27.
The historical rank and industry rank for Codan's EV-to-FCF or its related term are showing as below:
ASX:CDA'
s EV-to-FCF Range Over the Past 10 Years
Min: 6.82 Med: 24.44 Max: 96.64
Current: 82.27
During the past 13 years, the highest EV-to-FCF of Codan was 96.64. The lowest was 6.82. And the median was 24.44.
ASX:CDA's EV-to-FCF is ranked worse than 79.29% of 1328
companies
in the Hardware industry
Industry Median: 23.555
vs ASX:CDA: 82.27
EV-to-FCF 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 (2026-07-09), Codan's stock price is A$44.49.
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 63.11.
Codan (ASX:CDA) EV-to-FCF Explanation
EV-to-FCF 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$44.49.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Codan EV-to-FCF Related Terms
Codan EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Codan's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Codan's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Codan's EV-to-FCF falls into.
Codan's current Enterprise Value is A$7,949.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Codan's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$96.6 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-FCF of 82.27 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Codan and its competitors. This is 237% above median its historical median of 24.44. Over the past decade, Codan's EV-to-FCF has ranged from 6.82 to 96.64. According to the industry distribution chart, Codan ranks #1053 out of 1328 companies in the Hardware industry, placing it in the top 79.3%.
Is Codan's EV-to-FCF too high?
Codan's current EV-to-FCF of 82.27 is 237% above median its 10-year median of 24.44. Over the past 10 years, this metric has ranged from a low of 6.82 to a high of 96.64. The Hardware industry median EV-to-FCF is 23.56. Codan's value of 82.27 is 249.3% above this industry median. Based on the distribution chart, Codan ranks #1053 out of 1328 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Codan has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's EV-to-FCF compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #1053 out of 1328 companies for EV-to-FCF. This places Codan in the lower half of its industry. The industry median EV-to-FCF is 23.56. Codan's value of 82.27 is 249.3% above this benchmark. Historically, Codan's own EV-to-FCF has ranged from 6.82 to 96.64 over the past decade. While the company's 10-year median is 24.44 vs. the industry median of 23.56, 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-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.56, based on 1,328 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current EV-to-FCF of 82.27 is 249.3% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Codan and its competitors. For the Hardware industry, the median EV-to-FCF is 23.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current EV-to-FCF is 82.27, which is 237% above median its own 10-year median of 24.44. 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$20.90, compared to a current price of A$44.49 — trading 112.9% above its estimated fair value. The current EV-to-FCF is 82.27, which is 237% above median its 10-year median of 24.44 and 249.3% above the Hardware industry median of 23.56. Codan's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Codan (ASX:CDA), the current EV-to-FCF is 82.27 as of Jul. 09, 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$44.49 is trading 112.9% above its estimated GF Value™ of A$20.90.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
EV-to-FCF: 82.27 (237% above median its 10-year median of 24.44)
GF Value™: A$20.90 vs. price of A$44.49 (112.9% above fair value)
Industry Position: 249.3% above the Hardware median (#1053 of 1328)
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.
85GF Score
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