Added to YB: 2026-09-17
Pitch date: 2026-09-15
CODA [bullish]
Coda Octopus Group, Inc.
Author Info
No bio for this author
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
$113.0M
Pitch Price
N/A
Price Target
17.00
Dividend
N/A
EV/EBITDA
11.36
P/E
22.39
EV/Sales
2.86
Sector
Electronic Equipment, Instruments and Components
Category
value
What the Divers Saw: Coda Octopus and the Business of Seeing in the Dark ($CODA)
CODA: Coda Octopus combines a cash-backed, profitable industrial base with options on untethered DAVD, five NANO sonar design-ins, electronic-warfare hardware and an offshore recovery. At $10, its $113M market value includes $31.7M of cash and no debt; the probability-weighted value is about $17, implying a modeled 19-20% annual return, with roughly 25% bear-case downside versus a 2.5x bull-case return. Key risks are slow Navy procurement and an overpaid or dilutive acquisition.
Read full article (11 min)