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CodanASX:CDA 82 3-Year Share Buyback Ratio is -0.10 as of Dec. 2025. GuruFocus rates ASX:CDA with a GF Score™ of 82/100 and a GF Value™ of A$21.08 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,615 Hardware companies, Codan ranks better than 73.62% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Codan's current 3-Year Share Buyback Ratio was -0.10%.
The historical rank and industry rank for Codan's 3-Year Share Buyback Ratio or its related term are showing as below:
ASX:CDA'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -2.6 Med: -0.25 Max: 0
Current: -0.1
During the past 13 years, Codan's highest 3-Year Share Buyback Ratio was 0.00%. The lowest was -2.60%. And the median was -0.25%.
ASX:CDA's 3-Year Share Buyback Ratio is ranked better than 73.62% of 1615
companies
in the Hardware industry
Industry Median: -1.2
vs ASX:CDA: -0.10
Codan (ASX:CDA) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Codan 3-Year Share Buyback Ratio Related Terms
ASX:CDA vs COHR, KEYS, GRMN: 3-Year Share Buyback Ratio Comparison
For the Scientific & Technical Instruments subindustry, Codan's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 Share Buyback Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Codan's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Codan's 3-Year Share Buyback Ratio falls into.
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -0.10 mean?
Codan (ASX:CDA) has a 3-Year Share Buyback Ratio of -0.10 as of Dec. 2025. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Codan and its competitors. According to the industry distribution chart, Codan ranks #426 out of 1615 companies in the Hardware industry, placing it in the top 26.4%.
Is Codan's 3-Year Share Buyback Ratio too high?
Codan's current 3-Year Share Buyback Ratio is -0.10. Based on the distribution chart, Codan ranks #426 out of 1615 companies in the Hardware industry, which is above the industry midpoint. Overall, Codan has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's 3-Year Share Buyback Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #426 out of 1615 companies for 3-Year Share Buyback Ratio. This puts Codan in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Hardware company?
A good 3-Year Share Buyback Ratio depends on the Hardware industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Codan and its competitors. Codan's current 3-Year Share Buyback Ratio is -0.10. 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$21.08, compared to a current price of A$40.08 — trading 90.1% above its estimated fair value. The current 3-Year Share Buyback Ratio is -0.10. Codan's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Codan (ASX:CDA), the current 3-Year Share Buyback Ratio is -0.10 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$40.08 is trading 90.1% above its estimated GF Value™ of A$21.08.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
3-Year Share Buyback Ratio: -0.10
GF Value™: A$21.08 vs. price of A$40.08 (90.1% above fair value)
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.
82GF Score
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3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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