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PE: 34.0x

Codan Limited, an Australian small cap, reported impressive earnings for the year ending June 30, 2024. Sales jumped to A$550.46 million from A$456.5 million the previous year, while net income increased to A$81.39 million from A$67.7 million. Basic earnings per share rose to A$0.45 from A$0.375 a year ago, reflecting strong financial performance despite relying solely on external borrowing for funding. Insider confidence is evident with recent share purchases in August 2024, suggesting optimism about future growth prospects and profitability improvements forecasted at 16%.

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

• Evaluate Codan's historical performance by accessing our past performance report.

Servcorp

Simply Wall St Value Rating: ★★★★☆☆

Overview: Servcorp operates a global network of serviced office spaces, virtual offices, and coworking spaces with a market cap of A$0.42 billion.

Operations: Servcorp's revenue primarily comes from real estate rental, with a notable gross profit margin trend peaking at 64.79% in 2020-09-30 and stabilizing around 63.74% by 2024-06-30. The company's net income margin shows variability, reaching its highest at 12.40% in the most recent period of 2024-06-30. Operating expenses and non-operating expenses have significant impacts on profitability, with general & administrative expenses consistently being a major cost component.

PE: 12.4x

Servcorp, a small cap in Australia, has shown strong financial performance with revenue reaching A$317.01 million for the year ending June 30, 2024, up from A$295.55 million the previous year. Net income surged to A$39.04 million from A$11.07 million in 2023. Insider confidence is evident with recent share purchases by executives throughout Q2 and Q3 of 2024. The company declared a final dividend of 13 cents per share, increasing total dividends for fiscal year 2024 by 14%. Future earnings guidance suggests an underlying NPBIT increase between A$61-65 million for fiscal year 2025.

• Unlock comprehensive insights into our analysis of Servcorp stock in this valuation report.

• Learn about Servcorp's historical performance.

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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:ABG ASX:CDA and ASX:SRV.

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