CodanASX:CDA +0.30%84 Net Margin % is 18.09% as of Dec. 2025, which is 4% above its 10-year median of 17.47. 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 2,472 Hardware companies, Codan ranks better than 91.26% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Codan's Net Income for the
six
months ended in Dec. 2025 was A$71.2 Mil. Codan's Revenue for the
six
months ended in Dec. 2025 was A$393.5 Mil. Therefore, Codan's net margin for the quarter that ended in Dec. 2025 was 18.09%.
The historical rank and industry rank for Codan's Net Margin % or its related term are showing as below:
ASX:CDA'
s Net Margin % Range Over the Past 10 Years
Min: 9.14 Med: 17.47 Max: 20.67
Current: 16.88
ASX:CDA's Net Margin % is ranked better than 91.26% of 2472
companies
in the Hardware industry
Industry Median: 2.7
vs ASX:CDA: 16.88
Codan (ASX:CDA) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Codan Net Margin % Related Terms
Codan Net Margin % Historical Data
* Premium members only.
The historical data trend for Codan's Net 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: Net Margin % Comparison
For the Scientific & Technical Instruments subindustry, Codan's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Net Margin % distribution charts can be found below:
* The bar in red indicates where Codan's Net 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.
Codan (ASX:CDA) has a Net Margin % of 18.09% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Codan and its competitors. This is near median its historical median of 17.47. Over the past decade, Codan's Net Margin % has ranged from 9.14 to 20.67. According to the industry distribution chart, Codan ranks #216 out of 2472 companies in the Hardware industry, placing it in the top 8.7%.
Is Codan's Net Margin % too high?
Codan's current Net Margin % of 18.09% is near median its 10-year median of 17.47. Over the past 10 years, this metric has ranged from a low of 9.14 to a high of 20.67. The Hardware industry median Net Margin % is 2.70. Codan's value of 18.09% is 570% above this industry median. Based on the distribution chart, Codan ranks #216 out of 2472 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 Net Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #216 out of 2472 companies for Net Margin %. This places Codan in the top 9% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.70. Codan's value of 18.09% is 570% above this benchmark. Historically, Codan's own Net Margin % has ranged from 9.14 to 20.67 over the past decade. While the company's 10-year median is 17.47 vs. the industry median of 2.70, 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 Net Margin % for a Hardware company?
The median Net Margin % among Hardware companies is 2.70, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current Net Margin % of 18.09% is 570% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Codan and its competitors. For the Hardware industry, the median Net Margin % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Net Margin % is 18.09%, which is near median its own 10-year median of 17.47. 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 Net Margin % is 18.09%, which is near median its 10-year median of 17.47 and 570% above the Hardware industry median of 2.70. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Codan (ASX:CDA), the current Net Margin % is 18.09% 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:
Net Margin %: 18.09% (near median its 10-year median of 17.47)
GF Value™: A$20.77 vs. price of A$43.99 (111.8% above fair value)
Industry Position: 570% above the Hardware median (#216 of 2472)
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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