CodanASX:CDA +0.30%84 Gross Margin % is 58.20% as of Dec. 2025, which is 3% above its 10-year median of 56.33. GuruFocus rates ASX:CDA with a GF Score™ of 84/100 and a GF Value™ of A$20.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,449 Hardware companies, Codan ranks better than 91.75% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Codan's Gross Profit for the
six
months ended in Dec. 2025 was A$229.0 Mil. Codan's Revenue for the
six
months ended in Dec. 2025 was A$393.5 Mil. Therefore, Codan's Gross Margin % for the quarter that ended in Dec. 2025 was 58.20%.
The historical rank and industry rank for Codan's Gross Margin % or its related term are showing as below:
ASX:CDA'
s Gross Margin % Range Over the Past 10 Years
Min: 54.65 Med: 56.33 Max: 60.25
Current: 57.13
During the past 13 years, the highestGross Margin % of Codan was 60.25%. The lowest was 54.65%. And the median was 56.33%.
ASX:CDA's Gross Margin % is ranked better than 91.75% of 2449
companies
in the Hardware industry
Industry Median: 24.52
vs ASX:CDA: 57.13
Codan had a gross margin of 58.20% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Codan was -0.20% per year.
Codan (ASX:CDA) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Codan had a gross margin of 58.20% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Codan Gross Margin % Related Terms
Codan Gross Margin % Historical Data
* Premium members only.
The historical data trend for Codan's Gross Margin % 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.
ASX:CDA vs COHR, KEYS, GRMN: Gross Margin % Comparison
For the Scientific & Technical Instruments subindustry, Codan's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Codan's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Codan (ASX:CDA) has a Gross Margin % of 58.20% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Codan and its competitors. This is near median its historical median of 56.33. Over the past decade, Codan's Gross Margin % has ranged from 54.65 to 60.25. According to the industry distribution chart, Codan ranks #202 out of 2449 companies in the Hardware industry, placing it in the top 8.2%.
Is Codan's Gross Margin % too high?
Codan's current Gross Margin % of 58.20% is near median its 10-year median of 56.33. Over the past 10 years, this metric has ranged from a low of 54.65 to a high of 60.25. The Hardware industry median Gross Margin % is 24.52. Codan's value of 58.20% is 137.4% above this industry median. Based on the distribution chart, Codan ranks #202 out of 2449 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Codan has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's Gross Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #202 out of 2449 companies for Gross Margin %. This places Codan in the top 8% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.52. Codan's value of 58.20% is 137.4% above this benchmark. Historically, Codan's own Gross Margin % has ranged from 54.65 to 60.25 over the past decade. While the company's 10-year median is 56.33 vs. the industry median of 24.52, 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 Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,449 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current Gross Margin % of 58.20% is 137.4% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Codan and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Gross Margin % is 58.20%, which is near median its own 10-year median of 56.33. 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$20.77, compared to a current price of A$43.99 — trading 111.8% above its estimated fair value. The current Gross Margin % is 58.20%, which is near median its 10-year median of 56.33 and 137.4% above the Hardware industry median of 24.52. Codan's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Codan (ASX:CDA), the current Gross Margin % is 58.20% as of Dec. 2025. 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$43.99 is trading 111.8% above its estimated GF Value™ of A$20.77.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
Gross Margin %: 58.20% (near median its 10-year median of 56.33)
GF Value™: A$20.77 vs. price of A$43.99 (111.8% above fair value)
Industry Position: 137.4% above the Hardware median (#202 of 2449)
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.
84GF Score
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