A Business at a Glance
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Coda Octopus Group, Inc.
CODA
$112M
Mkt Cap
$10.04
-1.08%
Coda Octopus Group, Inc. (CODA) has a current P/E ratio of 27.1, compared to its historical median P/E of 18.0. The stock is currently considered Expensive based on its historical valuation range.
Coda Octopus Group, Inc. (CODA) has a 5-year average return on invested capital (ROIC) of 13.6%. This indicates solid capital allocation.
Coda Octopus Group, Inc. (CODA) has a market capitalization of $113M. It is classified as a small-cap stock.
Coda Octopus Group, Inc. (CODA) does not currently pay a regular dividend.
Based on historical P/E analysis, Coda Octopus Group, Inc. (CODA) appears expensive. The current P/E of 27.1 is 51% above its historical median of 18.0. The estimated fair value CAGR (P/E method) is -5.6%.
Coda Octopus Group, Inc. (CODA) operates in the Search, Detection, Navigation, Guidance, Aeronautical Sys industry, within the Technology sector.
Coda Octopus Group, Inc. (CODA) reported annual revenue of $27 million in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS Coda Octopus Group, Inc. (“Coda” “the Company” or “we”), through its wholly owned subsidiaries, operates three distinct segments: ● the Marine Technology Business (also referred to in this Form 10-K as “Products Business”, or “Products Segment” or “Core Business”); ● Acoustic Sensors and Materials Business (also referred to in this Form 10-K as “PAL”); ● the Defense Engineering Services Business (also referred to in this Form 10-K as “Engineering Business”, or “Engineering Segment” or “Services Business”). Marine Technology Business Our Marine Technology Business provides technology solutions to the underwater market and constitutes our core business. We are allocating most of our resources to this segment.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 27M | 20M | 19M | 22M | 21M |
| Net Income | 0 | 4.1M | 3.6M | 3.1M | 4.3M | 4.9M |
| EPS | $0.00 | $0.37 | $0.32 | $0.28 | $0.38 | $0.44 |
| Free Cash Flow | 0 | 6.0M | 1.9M | 368K | 6.3M | 2.4M |
| ROIC | 0.0% | 11.2% | 10.3% | 11.2% | 18.9% | 16.3% |
| Gross Margin | - | 66.5% | 69.8% | 67.3% | 68.3% | 69.2% |
| Debt/Equity | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 4.5M | 3.6M | 2.7M | 5.0M | 3.8M |
| Operating Margin | 0.0% | 17.1% | 17.6% | 14.2% | 22.5% | 18.0% |
| ROE | 0.0% | 7.4% | 7.2% | 6.8% | 10.2% | 13.1% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 11M | 11M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 13M | 12M | 21M | 18M | 18M | 25M | 20M | 21M | 22M | 19M | 20M | 27M | 0 |
| Gross Margin | 52.2% | 46.3% | 59.9% | 66.4% | 70.3% | 65.6% | 63.5% | 69.2% | 68.3% | 67.3% | 69.8% | 66.5% | N/A |
| R&D | 2.7M | 1.8M | 1.0M | 1.4M | 2.6M | 2.8M | 3.2M | 3.0M | 2.2M | 2.1M | 2.2M | 2.4M | 2.4M |
| SG&A | 11M | 6.4M | 6.1M | 6.8M | 6.8M | 7.4M | 6.7M | 7.9M | 7.9M | 8.2M | 8.3M | 11M | 11M |
| EBIT | -6.7M | -2.8M | 5.5M | 3.8M | 3.3M | 6.3M | 2.8M | 3.8M | 5.0M | 2.7M | 3.6M | 4.5M | 0 |
| Op. Margin | -51.0% | -24.4% | 26.2% | 21.2% | 18.4% | 25.0% | 14.0% | 18.0% | 22.5% | 14.2% | 17.6% | 17.1% | 0.0% |
| Net Income | -9.5M | -1.8M | 4.9M | 3.3M | 5.0M | 5.2M | 3.3M | 4.9M | 4.3M | 3.1M | 3.6M | 4.1M | 0 |
| Net Margin | -71.7% | -15.5% | 23.3% | 18.5% | 27.7% | 20.9% | 16.7% | 23.2% | 19.4% | 16.1% | 17.9% | 15.5% | 0.0% |
| Non-Recurring | 0 | 142K | 0 | 109K | 16K | -9K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -51.3% | -22.8% | 38.2% | 26.7% | 12.2% | 29.2% | 12.4% | 16.3% | 18.9% | 11.2% | 10.3% | 11.2% | 0.0% |
| ROE | 260.9% | 17.0% | 68.4% | 27.9% | 26.1% | 19.0% | 10.3% | 13.1% | 10.2% | 6.8% | 7.2% | 7.4% | 0.0% |
| ROA | -72.2% | -15.6% | 21.6% | 14.2% | 18.9% | 16.5% | 9.2% | 11.9% | 9.3% | 6.3% | 6.7% | 6.8% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -1.7M | -256K | 4.4M | 4.8M | 2.4M | 6.4M | 4.4M | 3.3M | 6.7M | 2.4M | 2.5M | 7.2M | 0 |
| Free Cash Flow | -1.7M | -256K | 3.8M | 2.3M | 1.9M | 4.1M | 3.6M | 2.4M | 6.3M | 368K | 1.9M | 6.0M | 0 |
| Owner Earnings | -2.6M | -582K | 3.5M | 3.8M | 1.2M | 4.9M | 3.0M | 1.3M | 4.9M | 1.1M | 1.6M | 6.1M | -788K |
| CapEx | 0 | 0 | 614K | 2.6M | 565K | 2.3M | 835K | 851K | 466K | 2.0M | 503K | 1.2M | 0 |
| Maint. CapEx | 690K | 274K | 809K | 954K | 775K | 834K | 807K | 924K | 679K | 603K | 710K | 861K | 861K |
| Growth CapEx | N/A | N/A | 0 | 1.6M | 0 | 1.4M | 28K | 0 | 0 | 1.4M | 0 | 309K | 0 |
| D&A | 690K | 274K | 809K | 954K | 775K | 834K | 807K | 924K | 679K | 603K | 710K | 861K | 861K |
| CapEx/OCF | N/A | N/A | 14.0% | 52.9% | 23.3% | 35.4% | 18.8% | 26.0% | 6.9% | 84.6% | 20.5% | 16.2% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18K | 16K | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | N/A | 0.0% |
| Stock-Based Comp | 291K | 52K | 120K | 134K | 448K | 650K | 611K | 1.1M | 1.1M | 645K | 138K | 225K | -73K |
| Debt Repayment | 0 | 0 | 1.8M | 747K | 6.3M | 965K | 486K | 510K | 64K | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -1.9M | 16K | 4.1M | 428K | -6.0M | -6.2M | -14M | -17M | -23M | -24M | -22M | -28M | -30M |
| Cash & Equiv. | 276K | 215K | 5.6M | 6.9M | 7.5M | 12M | 15M | 18M | 23M | 24M | 22M | 29M | 30M |
| Long-Term Debt | N/A | N/A | 9.7M | 7.3M | 1.5M | 1.1M | 573K | 510K | 64K | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.19 | -0.02 | 0.96 | 0.53 | 0.06 | 0.18 | 0.03 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Interest Coverage | -3.6 | -1.4 | 6.5 | 6.4 | 13.3 | 68.6 | 39.9 | 71.6 | 515.7 | N/A | N/A | N/A | N/A |
| Equity | -7.9M | -13M | 10M | 14M | 24M | 31M | 34M | 41M | 43M | 48M | 53M | 58M | 60M |
| Total Assets | 13M | 9.7M | 23M | 24M | 29M | 35M | 38M | 45M | 47M | 52M | 58M | 64M | 66M |
| Total Liabilities | 21M | 23M | 13M | 10M | 4.3M | 3.9M | 3.6M | 4.4M | 3.5M | 3.4M | 4.4M | 6.4M | 5.4M |
| Intangibles | 4.2M | 3.9M | 367K | 207K | 232K | 231K | 349K | 412K | 442K | 487K | 3.7M | 3.2M | 3.1M |
| Retained Earnings | -59M | -59M | -40M | -37M | -32M | -27M | -23M | -18M | -14M | -11M | -7.4M | -3.3M | -2.3M |
| Working Capital | -443K | -17M | 12M | 11M | 15M | 21M | 24M | 31M | 34M | 38M | 39M | 44M | 46M |
| Current Assets | 7.4M | 5.7M | 15M | 15M | 18M | 24M | 28M | 36M | 37M | 41M | 43M | 50M | 51M |
| Current Liabilities | 7.8M | 23M | 3.5M | 4.1M | 3.2M | 3.2M | 3.4M | 4.3M | 3.5M | 3.3M | 3.9M | 5.6M | 4.7M |
| Per Share Data | |||||||||||||
| EPS | -2.66 | -0.56 | 8.12 | 0.36 | 0.49 | 0.49 | 0.30 | 0.44 | 0.38 | 0.28 | 0.32 | 0.37 | 0.00 |
| Owner EPS | -0.74 | -0.18 | 5.69 | 0.40 | 0.12 | 0.46 | 0.27 | 0.12 | 0.43 | 0.10 | 0.14 | 0.55 | -0.07 |
| Book Value | -2.22 | -4.11 | 16.72 | 1.49 | 2.40 | 2.87 | 3.09 | 3.65 | 3.83 | 4.34 | 4.66 | 5.21 | 5.34 |
| Cash Flow/Share | -0.47 | -0.08 | 7.22 | 0.52 | 0.24 | 0.60 | 0.40 | 0.29 | 0.59 | 0.21 | 0.22 | 0.65 | 0.08 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 3.6M | 3.2M | 0.6M | 9.3M | 10.2M | 10.7M | 11.1M | 11.2M | 11.3M | 11.2M | 11.4M | 11.2M | 11.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 3.0 | 12.8 | 11.6 | 15.2 | 19.6 | 19.1 | 16.9 | 23.5 | 27.5 | 28.1 | N/A |
| P/FCF | N/A | N/A | 0.3 | 18.7 | 31.1 | 19.2 | 18.3 | 39.2 | 11.6 | 199.5 | 51.5 | 19.2 | N/A |
| EV/EBIT | N/A | N/A | 3.4 | 11.3 | 13.6 | 9.2 | 13.0 | 15.5 | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 1.4 | 3.1 | 2.4 | 2.6 | 1.9 | 2.3 | 1.7 | 1.5 | 1.9 | 2.0 | 1.9 |
| Price/Sales | 5.2 | 4.8 | 0.6 | 2.1 | 2.6 | 4.0 | 3.5 | 4.2 | 3.1 | 4.3 | 3.7 | 3.3 | N/A |
| FCF Yield | -3.0% | -1.1% | 25.8% | 5.3% | 3.2% | 5.2% | 5.5% | 2.6% | 8.6% | 0.5% | 1.9% | 5.2% | N/A |
| Market Cap | 56M | 22M | 15M | 43M | 58M | 79M | 66M | 95M | 73M | 73M | 100M | 116M | 113M |
| Avg. Price | 1.37 | 1.25 | 1.61 | 4.01 | 4.64 | 9.45 | 6.21 | 7.91 | 6.12 | 7.51 | 6.52 | 7.82 | 10.04 |
| Year-End Price | 1.12 | 0.50 | 1.72 | 4.60 | 5.70 | 7.43 | 5.89 | 8.42 | 6.41 | 6.58 | 8.81 | 10.38 | 10.04 |
Coda Octopus Group, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Coda Octopus Group, Inc. trades at 27.1x trailing earnings, compared to its 15-year median P/E of 18.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 18.7x vs a median of 19.2x. The company's 5-year average ROIC is 13.6% with a gross margin of 68.2%. At current prices, the estimated annualized return to fair value is -4.0%.
Coda Octopus Group, Inc. (CODA) has a net profit margin of 15.5%. This is a healthy margin.
Coda Octopus Group, Inc. (CODA) generated $6 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Coda Octopus Group, Inc. (CODA) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
Coda Octopus Group, Inc. (CODA) reported earnings per share (EPS) of $0.37 in its most recent fiscal year.
Coda Octopus Group, Inc. (CODA) has a return on equity (ROE) of 7.4%. This indicates moderate shareholder returns.
Coda Octopus Group, Inc. (CODA) has a 5-year average gross margin of 68.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Coda Octopus Group, Inc. (CODA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Coda Octopus Group, Inc. (CODA) has a book value per share of $5.21, based on its most recent annual SEC filing.