Codan Ltd

CDA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Codan: Fair Value Lifted on Remarkable Sales of Drone Communication, but Beware of Extrapolation

Esther Holloway

Sep 30, 2026

Codan is guiding fiscal 2027 sales growth in its communications segment of 30%-40% from fiscal 2026, on higher sales to active conflict zones. First-half fiscal 2027 group net profit after tax is guided to at least AUD 160 million, more than double a year ago. Shares rose as high as 24% on Sept. 30.

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Codan Ltd

Codan: Fair Value Lifted on Remarkable Sales of Drone Communication, but Beware of Extrapolation

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