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PE: 33.3x

Codan, a small Australian tech company, reported strong financial results for the year ending June 30, 2024. Sales increased to A$550.46 million from A$456.5 million last year, while net income rose to A$81.39 million from A$67.7 million. Basic earnings per share climbed to A$0.45 from A$0.375 previously. Notably, insiders have shown confidence by purchasing shares over the past six months, suggesting they see potential in Codan's future growth prospects despite its reliance on external borrowing for funding.

• Click to explore a detailed breakdown of our findings in Codan's valuation report.

• Gain insights into Codan's historical performance by reviewing our past performance report.

Growthpoint Properties Australia

Simply Wall St Value Rating: ★★★★★☆

Overview: Growthpoint Properties Australia is a real estate investment trust specializing in owning and managing office and industrial properties with a market cap of A$3.30 billion.

Operations: The company generates revenue primarily from its office and industrial segments, amounting to A$202.80 million and A$100.70 million respectively. The net income margin has shown significant fluctuations, peaking at 2.48% in December 2021 but turning negative in recent periods, reaching -0.93% by June 2024. Operating expenses have consistently increased over time, with the latest figure being A$38.50 million as of June 2024.

PE: -6.1x

Growthpoint Properties Australia, a small player in the real estate sector, reported a net loss of A$298.2 million for the year ending June 30, 2024, compared to A$245.6 million previously. Their revenue dropped to A$332.4 million from A$342.7 million last year. Despite these setbacks, insider confidence remains high with recent share purchases by executives in July and August 2024. The company also maintained its dividend distribution at 19.3 cents per security for FY2024, aligning with guidance given earlier this year.

• Dive into the specifics of Growthpoint Properties Australia here with our thorough valuation report.

• Review our historical performance report to gain insights into Growthpoint Properties Australia's's past 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:GOZ.

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