Operations: Codan generates revenue primarily from its Communications and Metal Detection segments, with the Communications segment contributing A$291.50 million and Metal Detection A$212.20 million. The company's net income margin has varied, reaching 20.67% in June 2021 before declining to 14.67% by December 2023.

PE: 31.0x

Codan, a small Australian tech firm, is drawing attention for its undervalued status. Their earnings are projected to grow 16.2% annually. Recently, insiders have shown confidence by purchasing shares in the past six months. Despite relying solely on external borrowing for funding, Codan maintains a strong market position with innovative products in communications and metal detection sectors. This insider activity suggests potential growth and stability ahead for investors considering this stock.

• Navigate through the intricacies of Codan with our comprehensive valuation report here.

• Assess Codan's past performance with our detailed historical performance reports.

NRW Holdings

Simply Wall St Value Rating: ★★★☆☆☆

Overview: NRW Holdings is an Australian company engaged in providing diversified services across the mining, civil, and urban infrastructure sectors with a market cap of approximately A$1.20 billion.

Operations: NRW Holdings generates revenue primarily from its MET, Civil, and Mining segments, with the Mining segment being the largest contributor at A$1.49 billion. The company's gross profit margin has varied over time but was 47.41% as of September 30, 2023. Operating expenses include significant allocations to General & Administrative and Depreciation & Amortization costs. Net income margin for the same period was 3.21%.

PE: 16.9x

NRW Holdings, a small Australian company, is currently trading at an attractive valuation. The firm has forecasted earnings growth of 13.34% annually and recently reaffirmed its revenue guidance for fiscal year 2024 at A$2.9 billion. They completed a follow-on equity offering on July 11, raising A$5.26 million by issuing over 2 million shares at A$2.56 each, indicating insider confidence in the stock's future potential despite relying entirely on external borrowing for funding.

• Delve into the full analysis valuation report here for a deeper understanding of NRW Holdings.

• Gain insights into NRW Holdings' past trends and performance with our Past report.

Where To Now?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:APZ ASX:CDA and ASX:NWH.

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