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PE: 30.6x

Codan, a small Australian tech company, has caught attention due to its undervalued stock and insider confidence. Recent insider purchases in the past six months indicate strong belief in the company's future. Codan's earnings are forecasted to grow 16.2% annually, suggesting potential for significant upside. Despite relying solely on external borrowing for funding, the company continues to innovate in metal detection and communications technology sectors, positioning itself well for future growth amidst industry demand.

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

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

NRW Holdings

Simply Wall St Value Rating: ★★★★☆☆

Overview: NRW Holdings is an Australian company specializing in civil construction, mining services, and urban infrastructure with a market cap of A$1.34 billion.

Operations: NRW Holdings generates revenue primarily from its Mining, MET, and Civil segments, with the Mining segment contributing the largest share. The company's cost of goods sold (COGS) for the latest period was A$1.45 billion, resulting in a gross profit of A$1.31 billion and a gross profit margin of 47.41%. Operating expenses were A$1.18 billion, leading to a net income of A$88.62 million and a net income margin of 3.22%.

PE: 18.0x

NRW Holdings, a small cap in Australia, reported A$2.91 billion in sales for the fiscal year ending June 30, 2024, up from A$2.67 billion the previous year. Net income rose to A$105.1 million from A$85.64 million. Basic earnings per share increased to A$0.232 from A$0.19 last year, reflecting solid financial performance and potential undervaluation given its market position and growth prospects. Recent insider confidence is evident with purchases made within the past six months.

• Get an in-depth perspective on NRW Holdings' performance by reading our valuation report here.

• Explore historical data to track NRW Holdings' performance over time in our Past section.

Summing It All Up

• Embark on your investment journey to our 14 Undervalued ASX Small Caps With Insider Buying selection here.

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Searching for a Fresh Perspective?

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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:APE ASX:CDA and ASX:NWH.

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