Codan Limited (CODAF) Fair Value & Analysis
Technology · US · Market cap $4.3B
Codan Limited
CODAF · US
Fair value as of: Jul 15, 2026
From 26 valuation models · updated 8 days ago
Fair value updated Jul 15, 2026, revised from $6.39 to $6.47 (+1.3%) since Jun 24, 2026.
Price vs Fair Value (12 months)
12‑month range $0.3059 – $27.69 · fair‑value band $3.90 – $8.65 · the $23.61 price screens above the $6.47 fair value. As of Jul 15, 2026.
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Codan Limited (CODAF) currently trades at $23.61, while our model-based Fair Value estimate is $6.47, implying the stock looks roughly 72.6% overvalued today. We read business quality at 64/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Codan Limited generated revenue of $762M at a net margin of 16.9%. Revenue grew 28.8% year over year. It earns a return on equity of 24.4%. Net debt stands at $121M. Fundamentals as of Jul 15, 2026
Our scenario range runs from $3.90 (bear case) to $8.65 (bull case); at $23.61, the current price sits above that range. The share trades about 15% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -53% fair-value upside, at -73%, CODAF screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 15, 2026. TTM = trailing twelve months.
About the company
Codan Limited develops technology solutions for United Nations organizations, security and military agencies, government departments, corporates, individuals consumers, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions. The Metal Detection segment designs, develops, manufactures, and markets metal detection equipment, such as handheld metal detecting technologies for recreational, gold mining, demining, and military markets. The company sells its products through a network of dealers, distributors, and agents in Australia, Canada, Denmark, the United Kingdom, the United States, Brazil, India, Ireland, Mexico, Singapore, the United Arab Emirates, and internationally. Codan Limited was incorporated in 1959 and is …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Codan Limited reported revenue of $674M in FY2025 versus $437M in FY2021, a compound +11.4%/yr. Reported net income was $103M in FY2025, compounding +3.5%/yr from FY2021.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.