Coda Octopus Group Inc. Common stock (CODA)

FairStock Score: 51/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, Coda Octopus trades at $10.03, giving a market capitalization of $113.2M. This is a small, specialized underwater technology business—real-time 3D imaging, mapping, defense, and survey equipment—operating through marine technology, acoustic sensors and materials, and defense engineering services. The latest filed quarter, fiscal Q3 2026 ended 2026-07-31, had revenue of $7.7M, net income of $1.4M, and diluted EPS of $0.12. In fiscal Q2 2026 ended 2026-04-30, revenue was $6.9M, net income $1.7M, and diluted EPS $0.15; fiscal Q1 2026 ended 2026-01-31 had revenue $6.7M, net income $930,723, and diluted EPS $0.08. For FY2025 ended 2025-10-31, revenue was $26.6M, net income $4.1M, diluted EPS $0.37, up from FY2024 revenue $20.3M, net income $3.6M, diluted EPS $0.32. Growth is real but not rapid; FairStock classifies it as a slow grower, with five-year profit growth of 4.3% a year and revenue growth of 5.8%. Returns are modest: FairStock calculates ROE 8.40% and ROCE 5.49%. The balance sheet is conservative with D/E 0.01 and Altman Z 12.17, but Piotroski 4/9 suggests only middling fundamental momentum. FairStock's P/E is 22.29, P/B 1.80, EV/EBITDA 10.22, FCF yield 4.9%, and Graham Number $7.50, leaving margin of safety -33.73% at the close. I want a wider discount for a small, slow-growing industrial. Quality is niche but not obviously wide-moat. I'd watch returns on capital and revenue durability.

In plain English: Coda Octopus makes underwater imaging, mapping, and survey equipment, mainly for marine, defense, and survey customers. The business is small but profitable, with modest growth and a strong balance sheet, though returns on capital are not high. At the recent price of $10.03, the shares look full or slightly expensive relative to the company's earnings power and asset value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-07-31) · fiscal Q2 2026 10-Q (period ended 2026-04-30) · fiscal Q1 2026 10-Q (period ended 2026-01-31) · fiscal Q3 2025 10-Q (period ended 2025-07-31) · FY2025 10-K/A (period ended 2025-10-31) · FY2024 10-K/A (period ended 2024-10-31) · FY2023 10-K (period ended 2023-10-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer