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Codan (ASX:CDA) Valuation Rank


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What is Codan Valuation Rank?

The Valuation Rank measures the current valuation of a business relative to other companies in the same industry and its own historical valuation. The companies are split in equal numbers and then ranked from 1 to 10, with 10 as the most undervalued and 1 as the most overvalued.

  1. Three factors:
    • Absolute valuation (medpsvalue) relative to current stock price, rank among all companies
    • Historical valuation over the past 10 years. Rank pe, ps, pocf, ev2ebit over their own historical values
    • Industry relative valuation
  2. Companies without enough data is not ranked
  3. Companies with negative earnings are ranked lower

These three factors are used to calculate the value score for every eligible company, with values from 1 to 10. The final ranked companies are split in equal numbers and ranked from 1 to 10, with 10 as the most undervalued, and 1 as the most overvalued. The numbers of companies in each rank are the same.

Codan Valuation Rank Related Terms

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Codan Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (ASX:CDA) » Definitions » Valuation Rank
Comparable Companies
ASX:CAT ASX:OIL ASX:SMN ASX:DVL ASX:X2M ASX:HYD TSE:6861 GRMN KEYS OSTO:HEXA B FTV TDY TRMB COHR BMI TSE:7701 MKSI TPE:2360 ITRI SZSE:002414
Traded in Other Exchanges
UL4:Germany
Address
Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095
Website
https://www.codan.com.au
Codan designs and sells communication 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 communication 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.