Added to YB: 2026-10-05
Pitch date: 2026-10-01
CODA [neutral]
Coda Octopus Group, Inc.
-7.72%
current return
Author Info
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Company Info
Coda Octopus Group, Inc., together with its subsidiaries, sells and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the United States, Europe, Australia, Asia, the Middle East, and Africa.
Market Cap
$121.1M
Pitch Price
$10.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.42
P/E
23.97
EV/Sales
3.14
Sector
Electronic Equipment, Instruments and Components
Category
N/A
Letter to Readers - September 2026 - Coda Octopus Group, Inc.
CODA (update): Coda Octopus is performing well but remains overvalued at 24x earnings and a 4.5% FCF yield. Nine-month FY2026 revenue, operating income and net income rose double digits, while the most significant development was U.S. Navy approval for use of its untethered DAVD systems. The debt-free balance sheet holds $31M of cash against $6M of liabilities, but long-term revenue and income trends suggest customers may not be buying its innovations at high volumes.
Read full article (1 min)