Coda Octopus Group Inc
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Coda Octopus Group Inc AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin 18.9% TTM vs industry median 2.3% - 8x advantage with 66.5% gross margin funding R&D at 9.2% of revenue[Operating Margin]
- Cash of 28.7M is 49% of market cap (150.7M) with near-zero debt (0.7% D/E) - fortress balance sheet for 26.6M revenue company[Cash and Equivalents]
- EPS growth 200% 1yr TTM vs 14% industry median - margin expansion driving earnings inflection on modest revenue base[EPS Growth 1yr]
Watch Triggers
- Inventory: Rises above 60% of current assets (currently 27%) — Inventory at 13.6M TTM - buildup signals demand weakness or obsolescence risk
- Operating Margin: Falls below 15% for two consecutive quarters — Margin compression would signal pricing pressure or cost inflation in niche market
- Cash and Equivalents: Declines more than 20% without announced M&A — Cash burn without strategic deployment destroys key thesis pillar
Bull Case
Net cash position (28.3M net) equals 19% of market cap - downside protected with optionality on capital returns or tuck-in acquisitions
Niche subsea tech with 66.5% gross margin and 18.9% operating margin indicates pricing power and limited competition in specialized sonar imaging
Bear Case
Micro-cap (150.7M) with 26.6M revenue faces customer concentration risk - single contract loss could materially impact results
P/E of 36.2x near industry median 38.7x despite 14x smaller revenue base - limited margin of safety for execution missteps
Bull vs Bear Balance
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Forward Thesis
FCF conversion sustains 22.6% yield enabling M&A or special dividend within 18 months
- FCF of 6.0M TTM on 26.6M revenue = 22.6% FCF margin
- Cash pile growing 9.5% YoY with minimal capex needs
- No debt constraints on capital deployment
Valuation Context
Caveats
CODA Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$128.66M | — | ||
$98.62M | — | ||
0.00 | — | ||
$28.06M | +33.2% | — | |
$0.00 | — | ||
18.9% | +0.9% | — | |
14.8% | -3.9% | — | |
$6.88M | +143.4% | — | |
7.32% | -0.3% | — | |
Beta 5Y (Monthly) | unknown | — |
CODA Dividend History
CODA Stock Splits
CODA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
03/17/26 | 01/31/26 | 10-Q | |
01/29/26 | 10/31/25 | 10-K | |
09/15/25 | 07/31/25 | 10-Q | |
06/16/25 | 04/30/25 | 10-Q | |
03/17/25 | 01/31/25 | 10-Q | |
01/29/25 | 10/31/24 | 10-K | |
09/16/24 | 07/31/24 | 10-Q | |
06/12/24 | 04/30/24 | 10-Q | |
03/18/24 | 01/31/24 | 10-Q | |
01/29/24 | 10/31/23 | 10-K | |
09/13/23 | 07/31/23 | 10-Q | |
06/14/23 | 04/30/23 | 10-Q | |
03/16/23 | 01/31/23 | 10-Q | |
01/30/23 | 10/31/22 | 10-K | |
09/14/22 | 07/31/22 | 10-Q | |
06/14/22 | 04/30/22 | 10-Q | |
03/16/22 | 01/31/22 | 10-Q | |
02/14/22 | 10/31/21 | 10-K | |
09/14/21 | 07/31/21 | 10-Q | |
06/14/21 | 04/30/21 | 10-Q | |
03/17/21 | 01/31/21 | 10-Q | |
01/28/21 | 10/31/20 | 10-K | |
09/14/20 | 07/31/20 | 10-Q | |
06/15/20 | 04/30/20 | 10-Q | |
03/16/20 | 01/31/20 | 10-Q | |
01/28/20 | 10/31/19 | 10-K | |
09/16/19 | 07/31/19 | 10-Q | |
06/13/19 | 04/30/19 | 10-Q | |
03/18/19 | 01/31/19 | 10-Q | |
02/01/19 | 10/31/18 | 10-K | |
09/13/18 | 07/31/18 | 10-Q | |
06/14/18 | 04/30/18 | 10-Q | |
03/19/18 | 01/31/18 | 10-Q | |
02/07/19 | 10/31/17 | 10-K/A | |
01/30/18 | 10/31/17 | 10-K | |
09/14/17 | 07/31/17 | 10-Q | |
06/14/17 | 04/30/17 | 10-Q | |
03/16/17 | 01/31/17 | Quarterly | -- |
01/31/17 | 10/31/16 | Annual | -- |
09/14/16 | 07/31/16 | Quarterly | -- |
06/14/17 | 04/30/16 | 10-Q | |
03/16/16 | 01/31/16 | Quarterly | -- |
01/31/17 | 10/31/15 | Annual | -- |
09/16/15 | 07/31/15 | Quarterly | -- |
06/15/15 | 04/30/15 | Quarterly | -- |
03/31/15 | 01/31/15 | Quarterly | -- |
02/18/15 | 10/31/14 | Annual | -- |
09/16/15 | 07/31/14 | Quarterly | -- |
06/15/15 | 04/30/14 | Quarterly | -- |
03/31/15 | 01/31/14 | Quarterly | -- |
08/22/16 | 04/30/11 | 10-Q | |
08/22/16 | 01/31/11 | 10-Q | |
08/19/16 | 10/31/10 | 10-K | |
09/20/10 | 07/31/10 | 10-Q | |
06/14/10 | 04/30/10 | 10-Q | |
03/17/10 | 01/31/10 | 10-Q | |
01/29/10 | 10/31/09 | 10-K | |
10/15/09 | 07/31/09 | 10-Q | |
06/19/09 | 04/30/09 | 10-Q | |
03/23/09 | 01/28/09 | 10-Q | |
03/18/09 | 10/31/08 | 10-K | |
09/15/08 | 07/31/08 | 10-Q | |
04/30/08 | 04/30/08 | 10QSB | |
01/31/08 | 01/29/08 | Unknown | -- |
10/31/07 | 10/30/07 | Unknown | -- |
07/31/07 | 07/31/07 | 10QSB | |
04/30/07 | 04/30/07 | Unknown | -- |
01/31/07 | 01/28/07 | Unknown | -- |
10/31/06 | 10/30/06 | Unknown | -- |
07/31/06 | 07/31/06 | Unknown | -- |
04/30/06 | 04/30/06 | Unknown | -- |
01/31/06 | 01/28/06 | Unknown | -- |