CodanASX:CDA -1.14%84 Pretax Margin % is 24.12% as of Dec. 2025, which is 4% above its 10-year median of 23.26. GuruFocus rates ASX:CDA with a GF Score™ of 84/100 and a GF Value™ of A$20.78 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,472 Hardware companies, Codan ranks better than 92.6% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Codan's Pre-Tax Income for the
six
months ended in Dec. 2025 was A$94.9 Mil. Codan's Revenue for the
six
months ended in Dec. 2025 was A$393.5 Mil. Therefore, Codan's pretax margin for the quarter that ended in Dec. 2025 was 24.12%.
The historical rank and industry rank for Codan's Pretax Margin % or its related term are showing as below:
ASX:CDA'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.46 Med: 23.26 Max: 29.93
Current: 22.1
ASX:CDA's Pretax Margin % is ranked better than 92.6% of 2472
companies
in the Hardware industry
Industry Median: 3.575
vs ASX:CDA: 22.10
Codan (ASX:CDA) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Codan Pretax Margin % Related Terms
Codan Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Codan's Pretax 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: Pretax Margin % Comparison
For the Scientific & Technical Instruments subindustry, Codan's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Codan's Pretax 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 Pretax Margin % of 24.12% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Codan and its competitors. This is near median its historical median of 23.26. Over the past decade, Codan's Pretax Margin % has ranged from 11.46 to 29.93. According to the industry distribution chart, Codan ranks #183 out of 2472 companies in the Hardware industry, placing it in the top 7.4%.
Is Codan's Pretax Margin % too high?
Codan's current Pretax Margin % of 24.12% is near median its 10-year median of 23.26. Over the past 10 years, this metric has ranged from a low of 11.46 to a high of 29.93. The Hardware industry median Pretax Margin % is 3.58. Codan's value of 24.12% is 574.7% above this industry median. Based on the distribution chart, Codan ranks #183 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 Pretax Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #183 out of 2472 companies for Pretax Margin %. This places Codan in the top 7% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. Codan's value of 24.12% is 574.7% above this benchmark. Historically, Codan's own Pretax Margin % has ranged from 11.46 to 29.93 over the past decade. While the company's 10-year median is 23.26 vs. the industry median of 3.58, 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 Pretax Margin % for a Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current Pretax Margin % of 24.12% is 574.7% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Codan and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Pretax Margin % is 24.12%, which is near median its own 10-year median of 23.26. 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$20.78, compared to a current price of A$43.49 — trading 109.3% above its estimated fair value. The current Pretax Margin % is 24.12%, which is near median its 10-year median of 23.26 and 574.7% above the Hardware industry median of 3.58. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Codan (ASX:CDA), the current Pretax Margin % is 24.12% 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$43.49 is trading 109.3% above its estimated GF Value™ of A$20.78.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
Pretax Margin %: 24.12% (near median its 10-year median of 23.26)
GF Value™: A$20.78 vs. price of A$43.49 (109.3% above fair value)
Industry Position: 574.7% above the Hardware median (#183 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
Get the complete analysis for ASX:CDA
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:CDA has been successfully added to your 
