CodanASX:CDA -0.09%85 3-Year ROIIC % is 0.02 as of Jun. 2025, which is 100% below its 10-year median of 22.23. GuruFocus rates ASX:CDA with a GF Score™ of 85/100 and a GF Value™ of A$20.86 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,369 Hardware companies, Codan ranks worse than 54.16% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Codan's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 0.02%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Codan's 3-Year ROIIC % or its related term are showing as below:
ASX:CDA's 3-Year ROIIC % is ranked worse than 54.16% of 2369
companies
in the Hardware industry
Industry Median: 2.36
vs ASX:CDA: 0.02
Codan (ASX:CDA) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Codan 3-Year ROIIC % Related Terms
Codan 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Codan's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Scientific & Technical Instruments subindustry, Codan's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Codan's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Codan's 3-Year ROIIC % falls into.
Codan's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 84.114707 (Jun. 2025) - 84.063486 (Jun. 2022) )
/
( 703.81 (Jun. 2025) - 472.507 (Jun. 2022) )
=
0.051220999999998
/
231.303
=
0.02%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Codan (ASX:CDA) has a 3-Year ROIIC % of 0.02 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Codan and its competitors. This is 100% below median its historical median of 22.23. According to the industry distribution chart, Codan ranks #1283 out of 2369 companies in the Hardware industry, placing it in the top 54.2%.
Is Codan's 3-Year ROIIC % too high?
Codan's current 3-Year ROIIC % of 0.02 is 100% below median its 10-year median of 22.23. The Hardware industry median 3-Year ROIIC % is 2.36. Codan's value of 0.02 is 99.2% below this industry median. Based on the distribution chart, Codan ranks #1283 out of 2369 companies in the Hardware industry, which is below the industry midpoint. 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 3-Year ROIIC % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #1283 out of 2369 companies for 3-Year ROIIC %. This places Codan in the lower half of its industry. The industry median 3-Year ROIIC % is 2.36. Codan's value of 0.02 is 99.2% below this benchmark. While the company's 10-year median is 22.23 vs. the industry median of 2.36, Codan has consistently been below 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 3-Year ROIIC % for a Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.36, based on 2,369 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current 3-Year ROIIC % of 0.02 is 99.2% below 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Codan and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current 3-Year ROIIC % is 0.02, which is 100% below median its own 10-year median of 22.23. 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$20.86, compared to a current price of A$44.00 — trading 110.9% above its estimated fair value. The current 3-Year ROIIC % is 0.02, which is 100% below median its 10-year median of 22.23 and 99.2% below the Hardware industry median of 2.36. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Codan (ASX:CDA), the current 3-Year ROIIC % is 0.02 as of Jun. 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$44.00 is trading 110.9% above its estimated GF Value™ of A$20.86.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
3-Year ROIIC %: 0.02 (100% below median its 10-year median of 22.23)
GF Value™: A$20.86 vs. price of A$44.00 (110.9% above fair value)
Industry Position: 99.2% below the Hardware median (#1283 of 2369)
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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