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Cochlear Ltd
Buy, Hold or Sell?

Let's analyse Cochlear together

PenkeI guess you are interested in Cochlear Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Cochlear Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Cochlear (30 sec.)










What can you expect buying and holding a share of Cochlear? (30 sec.)

How much money do you get?

How much money do you get?
A$3.54
When do you have the money?
1 year
How often do you get paid?
97.4%

What is your share worth?

Current worth
A$27.12
Expected worth in 1 year
A$28.51
How sure are you?
94.7%

+ What do you gain per year?

Total Gains per Share
A$6.81
Return On Investment
2.0%

For what price can you sell your share?

Current Price per Share
A$337.52
Expected price per share
A$283.24 - A$348.05
How sure are you?
50%

1. Valuation of Cochlear (5 min.)




Live pricePrice per Share (EOD)

A$337.52

Intrinsic Value Per Share

A$45.39 - A$186.88

Total Value Per Share

A$72.51 - A$214.00

2. Growth of Cochlear (5 min.)




Is Cochlear growing?

Current yearPrevious yearGrowGrow %
How rich?$1.1b$1.1b$91.2m7.6%

How much money is Cochlear making?

Current yearPrevious yearGrowGrow %
Making money$93.4m$63.9m$29.5m31.6%
Net Profit Margin15.8%11.6%--

How much money comes from the company's main activities?

3. Financial Health of Cochlear (5 min.)




4. Comparing to competitors in the Medical Devices industry (5 min.)




  Industry Rankings (Medical Devices)  


Richest
#33 / 340

Most Revenue
#29 / 340

Most Profit
#18 / 340

What can you expect buying and holding a share of Cochlear? (5 min.)

Welcome investor! Cochlear's management wants to use your money to grow the business. In return you get a share of Cochlear.

What can you expect buying and holding a share of Cochlear?

First you should know what it really means to hold a share of Cochlear. And how you can make/lose money.

Speculation

The Price per Share of Cochlear is A$337.52. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Cochlear.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Cochlear, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$27.12. Based on the TTM, the Book Value Change Per Share is A$0.35 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.05 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$1.36 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Cochlear.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps1.900.6%1.420.4%0.820.2%0.650.2%0.590.2%
Usd Book Value Change Per Share0.410.1%0.230.1%-0.030.0%0.590.2%0.380.1%
Usd Dividend Per Share1.140.3%0.880.3%0.730.2%0.550.2%0.450.1%
Usd Total Gains Per Share1.540.5%1.110.3%0.700.2%1.140.3%0.830.2%
Usd Price Per Share194.82-166.21-134.16-139.48-108.86-
Price to Earnings Ratio25.63-32.75-46.35-37.40-38.21-
Price-to-Total Gains Ratio126.19-24.49-649.63-265.95-215.51-
Price to Book Ratio11.01-9.15-7.96-10.96-13.70-
Price-to-Total Gains Ratio126.19-24.49-649.63-265.95-215.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share220.164296
Number of shares4
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.880.55
Usd Book Value Change Per Share0.230.59
Usd Total Gains Per Share1.111.14
Gains per Quarter (4 shares)4.444.56
Gains per Year (4 shares)17.7718.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11448998
228726181926
3421144262844
4571462353862
5711880444780
6852298535698
799251166266116
8113291347075134
9127331527985152
10142361708894170

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.00.00.0100.0%11.00.00.0100.0%17.02.00.089.5%36.02.00.094.7%109.02.00.098.2%
Book Value Change Per Share2.01.00.066.7%6.03.02.054.5%10.03.06.052.6%20.04.014.052.6%47.010.054.042.3%
Dividend per Share3.00.00.0100.0%11.00.00.0100.0%18.00.01.094.7%37.00.01.097.4%110.00.01.099.1%
Total Gains per Share2.01.00.066.7%10.01.00.090.9%17.01.01.089.5%36.01.01.094.7%106.04.01.095.5%

Fundamentals of Cochlear

About Cochlear Ltd

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.

Fundamental data was last updated by Penke on 2024-03-19 10:58:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of Cochlear Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Cochlear earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Cochlear to the Medical Devices industry mean.
  • A Net Profit Margin of 17.2% means that $0.17 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Cochlear Ltd:

  • The MRQ is 17.2%. The company is making a huge profit. +2
  • The TTM is 15.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ17.2%TTM15.8%+1.4%
TTM15.8%YOY11.6%+4.2%
TTM15.8%5Y6.6%+9.2%
5Y6.6%10Y11.4%-4.9%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ17.2%-11.0%+28.2%
TTM15.8%-20.2%+36.0%
YOY11.6%-14.0%+25.6%
5Y6.6%-19.5%+26.1%
10Y11.4%-23.8%+35.2%
1.1.2. Return on Assets

Shows how efficient Cochlear is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Cochlear to the Medical Devices industry mean.
  • 7.6% Return on Assets means that Cochlear generated $0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Cochlear Ltd:

  • The MRQ is 7.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.6%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.6%TTM5.6%+1.9%
TTM5.6%YOY4.0%+1.6%
TTM5.6%5Y3.0%+2.6%
5Y3.0%10Y3.8%-0.8%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ7.6%-3.1%+10.7%
TTM5.6%-4.2%+9.8%
YOY4.0%-4.0%+8.0%
5Y3.0%-3.8%+6.8%
10Y3.8%-4.1%+7.9%
1.1.3. Return on Equity

Shows how efficient Cochlear is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Cochlear to the Medical Devices industry mean.
  • 10.7% Return on Equity means Cochlear generated $0.11 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Cochlear Ltd:

  • The MRQ is 10.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ10.7%TTM8.1%+2.7%
TTM8.1%YOY5.7%+2.4%
TTM8.1%5Y4.3%+3.8%
5Y4.3%10Y7.1%-2.8%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ10.7%-3.5%+14.2%
TTM8.1%-4.4%+12.5%
YOY5.7%-4.7%+10.4%
5Y4.3%-5.7%+10.0%
10Y7.1%-6.2%+13.3%

1.2. Operating Efficiency of Cochlear Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Cochlear is operating .

  • Measures how much profit Cochlear makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Cochlear to the Medical Devices industry mean.
  • An Operating Margin of 24.1% means the company generated $0.24  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Cochlear Ltd:

  • The MRQ is 24.1%. The company is operating efficient. +1
  • The TTM is 21.6%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ24.1%TTM21.6%+2.5%
TTM21.6%YOY15.6%+6.0%
TTM21.6%5Y12.2%+9.4%
5Y12.2%10Y16.2%-4.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ24.1%-24.5%+48.6%
TTM21.6%-14.9%+36.5%
YOY15.6%-11.5%+27.1%
5Y12.2%-17.1%+29.3%
10Y16.2%-20.6%+36.8%
1.2.2. Operating Ratio

Measures how efficient Cochlear is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Devices industry mean).
  • An Operation Ratio of 0.76 means that the operating costs are $0.76 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Cochlear Ltd:

  • The MRQ is 0.759. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.787. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.759TTM0.787-0.028
TTM0.787YOY0.596+0.190
TTM0.7875Y0.545+0.242
5Y0.54510Y0.614-0.070
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7591.454-0.695
TTM0.7871.452-0.665
YOY0.5961.434-0.838
5Y0.5451.432-0.887
10Y0.6141.366-0.752

1.3. Liquidity of Cochlear Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Cochlear is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Medical Devices industry mean).
  • A Current Ratio of 2.57 means the company has $2.57 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Cochlear Ltd:

  • The MRQ is 2.566. The company is able to pay all its short-term debts. +1
  • The TTM is 2.426. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.566TTM2.426+0.140
TTM2.426YOY2.674-0.249
TTM2.4265Y2.420+0.006
5Y2.42010Y1.675+0.745
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5662.789-0.223
TTM2.4262.793-0.367
YOY2.6743.586-0.912
5Y2.4203.492-1.072
10Y1.6753.450-1.775
1.3.2. Quick Ratio

Measures if Cochlear is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Cochlear to the Medical Devices industry mean.
  • A Quick Ratio of 1.81 means the company can pay off $1.81 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Cochlear Ltd:

  • The MRQ is 1.815. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.826. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.815TTM1.826-0.011
TTM1.826YOY2.028-0.203
TTM1.8265Y1.536+0.289
5Y1.53610Y1.313+0.224
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8151.587+0.228
TTM1.8261.633+0.193
YOY2.0282.155-0.127
5Y1.5362.300-0.764
10Y1.3132.255-0.942

1.4. Solvency of Cochlear Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Cochlear assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Cochlear to Medical Devices industry mean.
  • A Debt to Asset Ratio of 0.30 means that Cochlear assets are financed with 29.6% credit (debt) and the remaining percentage (100% - 29.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Cochlear Ltd:

  • The MRQ is 0.296. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.280. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.296TTM0.280+0.016
TTM0.280YOY0.310-0.030
TTM0.2805Y0.365-0.085
5Y0.36510Y0.452-0.087
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2960.400-0.104
TTM0.2800.386-0.106
YOY0.3100.330-0.020
5Y0.3650.440-0.075
10Y0.4520.460-0.008
1.4.2. Debt to Equity Ratio

Measures if Cochlear is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Cochlear to the Medical Devices industry mean.
  • A Debt to Equity ratio of 42.0% means that company has $0.42 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Cochlear Ltd:

  • The MRQ is 0.420. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.403. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.420TTM0.403+0.017
TTM0.403YOY0.446-0.043
TTM0.4035Y0.611-0.208
5Y0.61110Y0.900-0.289
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4200.570-0.150
TTM0.4030.569-0.166
YOY0.4460.479-0.033
5Y0.6110.626-0.015
10Y0.9000.692+0.208

2. Market Valuation of Cochlear Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Cochlear generates.

  • Above 15 is considered overpriced but always compare Cochlear to the Medical Devices industry mean.
  • A PE ratio of 25.63 means the investor is paying $25.63 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Cochlear Ltd:

  • The EOD is 28.967. Based on the earnings, the company is overpriced. -1
  • The MRQ is 25.633. Based on the earnings, the company is overpriced. -1
  • The TTM is 32.747. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD28.967MRQ25.633+3.334
MRQ25.633TTM32.747-7.114
TTM32.747YOY46.347-13.600
TTM32.7475Y37.403-4.656
5Y37.40310Y38.205-0.802
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD28.967-1.038+30.005
MRQ25.633-1.216+26.849
TTM32.747-1.757+34.504
YOY46.347-2.588+48.935
5Y37.403-1.553+38.956
10Y38.205-1.463+39.668
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Cochlear Ltd:

  • The EOD is 48.464. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 42.886. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 30.645. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD48.464MRQ42.886+5.578
MRQ42.886TTM30.645+12.241
TTM30.645YOY53.322-22.677
TTM30.6455Y17.800+12.845
5Y17.80010Y33.149-15.350
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD48.464-1.228+49.692
MRQ42.886-1.746+44.632
TTM30.645-2.961+33.606
YOY53.322-6.157+59.479
5Y17.800-4.928+22.728
10Y33.149-5.626+38.775
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Cochlear is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Medical Devices industry mean).
  • A PB ratio of 11.01 means the investor is paying $11.01 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Cochlear Ltd:

  • The EOD is 12.447. Based on the equity, the company is expensive. -2
  • The MRQ is 11.014. Based on the equity, the company is expensive. -2
  • The TTM is 9.154. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD12.447MRQ11.014+1.433
MRQ11.014TTM9.154+1.860
TTM9.154YOY7.962+1.192
TTM9.1545Y10.957-1.804
5Y10.95710Y13.698-2.741
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD12.4472.038+10.409
MRQ11.0142.321+8.693
TTM9.1542.444+6.710
YOY7.9623.047+4.915
5Y10.9573.918+7.039
10Y13.6984.245+9.453
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Cochlear Ltd.

3.1. Funds holding Cochlear Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.47-968855--
2021-01-31Invesco Oppenheimer International Small-Mid Company Fund1.0199999-667730--
2021-01-31Franklin Global Tr-Franklin International Growth Fund0.82-540000--
2020-11-30BNY Mellon International Stock Fd0.66000004-431100--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.62-409095--
2021-02-28Aberdeen Standard SICAV I-Asia Equity Fund0.57-376610--
2020-12-31Bridge Builder Tr-Bridge Builder International Equity Fd0.47999998-314245--
2021-01-31Price (T.Rowe) International Discovery Fund0.47-309145--
2021-02-28iShares Core MSCI EAFE ETF0.45-294304--
2020-12-31Baillie Gifford International Alpha Fund0.34-221431--
Total 6.899999920453251500.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Cochlear Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.6210.347+79%-0.046+107%0.902-31%0.584+6%
Book Value Per Share--27.11727.985-3%25.843+5%21.832+24%14.463+87%
Current Ratio--2.5662.426+6%2.674-4%2.420+6%1.675+53%
Debt To Asset Ratio--0.2960.280+6%0.310-5%0.365-19%0.452-35%
Debt To Equity Ratio--0.4200.403+4%0.446-6%0.611-31%0.900-53%
Dividend Per Share--1.7461.356+29%1.125+55%0.844+107%0.692+152%
Eps--2.9132.178+34%1.262+131%0.994+193%0.908+221%
Free Cash Flow Per Share--1.7412.311-25%1.547+13%0.794+119%0.705+147%
Free Cash Flow To Equity Per Share---0.959-0.105-89%0.247-489%-0.209-78%0.538-278%
Gross Profit Margin---0.727-0.964+33%-0.530-27%0.559-230%-0.040-94%
Intrinsic Value_10Y_max--186.879--------
Intrinsic Value_10Y_min--45.391--------
Intrinsic Value_1Y_max--8.059--------
Intrinsic Value_1Y_min--3.133--------
Intrinsic Value_3Y_max--32.344--------
Intrinsic Value_3Y_min--10.695--------
Intrinsic Value_5Y_max--66.431--------
Intrinsic Value_5Y_min--19.604--------
Market Cap22105568632.000+11%19624639203.88016757882337.750+17%13534019134.650+45%14045438639.701+40%10951003731.982+79%
Net Profit Margin--0.1720.158+9%0.116+48%0.066+162%0.114+50%
Operating Margin--0.2410.216+11%0.156+55%0.122+97%0.162+49%
Operating Ratio--0.7590.787-4%0.596+27%0.545+39%0.614+24%
Pb Ratio12.447+12%11.0149.154+20%7.962+38%10.957+1%13.698-20%
Pe Ratio28.967+12%25.63332.747-22%46.347-45%37.403-31%38.205-33%
Price Per Share337.520+12%298.670254.810+17%205.673+45%213.824+40%166.891+79%
Price To Free Cash Flow Ratio48.464+12%42.88630.645+40%53.322-20%17.800+141%33.149+29%
Price To Total Gains Ratio142.600+12%126.18624.493+415%649.627-81%265.954-53%215.505-41%
Quick Ratio--1.8151.826-1%2.028-11%1.536+18%1.313+38%
Return On Assets--0.0760.056+35%0.040+90%0.030+150%0.038+98%
Return On Equity--0.1070.081+33%0.057+88%0.043+151%0.071+51%
Total Gains Per Share--2.3671.703+39%1.079+119%1.746+36%1.276+86%
Usd Book Value--1162268140.0001200514663.333-3%1109236150.000+5%935865109.474+24%619458325.750+88%
Usd Book Value Change Per Share--0.4050.226+79%-0.030+107%0.588-31%0.381+6%
Usd Book Value Per Share--17.68918.254-3%16.857+5%14.241+24%9.434+87%
Usd Dividend Per Share--1.1390.885+29%0.734+55%0.551+107%0.451+152%
Usd Eps--1.9001.421+34%0.823+131%0.648+193%0.592+221%
Usd Free Cash Flow--74623120.00099214830.000-25%66395986.250+12%34122156.316+119%30204270.858+147%
Usd Free Cash Flow Per Share--1.1361.507-25%1.009+13%0.518+119%0.460+147%
Usd Free Cash Flow To Equity Per Share---0.625-0.069-89%0.161-489%-0.136-78%0.351-278%
Usd Market Cap14419462418.654+11%12801152152.69110931166648.914+17%8828240681.532+45%9161839624.677+40%7143339734.372+79%
Usd Price Per Share220.164+12%194.822166.213+17%134.160+45%139.478+40%108.863+79%
Usd Profit--124850220.00093474590.000+34%63941707.500+95%46266952.368+170%38413311.866+225%
Usd Revenue--726270820.000587493994.783+24%352405075.000+106%316372366.281+130%249651079.755+191%
Usd Total Gains Per Share--1.5441.111+39%0.704+119%1.139+36%0.832+86%
 EOD+4 -4MRQTTM+22 -14YOY+27 -95Y+26 -1010Y+29 -7

4.2. Fundamental Score

Let's check the fundamental score of Cochlear Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1528.967
Price to Book Ratio (EOD)Between0-112.447
Net Profit Margin (MRQ)Greater than00.172
Operating Margin (MRQ)Greater than00.241
Quick Ratio (MRQ)Greater than11.815
Current Ratio (MRQ)Greater than12.566
Debt to Asset Ratio (MRQ)Less than10.296
Debt to Equity Ratio (MRQ)Less than10.420
Return on Equity (MRQ)Greater than0.150.107
Return on Assets (MRQ)Greater than0.050.076
Total7/10 (70.0%)

4.3. Technical Score

Let's check the technical score of Cochlear Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.680
Ma 20Greater thanMa 50334.779
Ma 50Greater thanMa 100324.548
Ma 100Greater thanMa 200301.960
OpenGreater thanClose338.490
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets2,530,500
Total Liabilities748,700
Total Stockholder Equity1,781,800
 As reported
Total Liabilities 748,700
Total Stockholder Equity+ 1,781,800
Total Assets = 2,530,500

Assets

Total Assets2,530,500
Total Current Assets1,327,400
Long-term Assets1,203,100
Total Current Assets
Cash And Cash Equivalents 485,200
Net Receivables 453,800
Inventory 321,500
Other Current Assets 66,900
Total Current Assets  (as reported)1,327,400
Total Current Assets  (calculated)1,327,400
+/-0
Long-term Assets
Property Plant Equipment 455,900
Intangible Assets 458,700
Long-term Assets  (as reported)1,203,100
Long-term Assets  (calculated)914,600
+/- 288,500

Liabilities & Shareholders' Equity

Total Current Liabilities517,400
Long-term Liabilities231,300
Total Stockholder Equity1,781,800
Total Current Liabilities
Short-term Debt 39,800
Accounts payable 247,100
Other Current Liabilities 160,700
Total Current Liabilities  (as reported)517,400
Total Current Liabilities  (calculated)447,600
+/- 69,800
Long-term Liabilities
Long-term Liabilities  (as reported)231,300
Long-term Liabilities  (calculated)0
+/- 231,300
Total Stockholder Equity
Common Stock1,204,200
Retained Earnings 632,100
Accumulated Other Comprehensive Income -54,500
Total Stockholder Equity (as reported)1,781,800
Total Stockholder Equity (calculated)1,781,800
+/-0
Other
Cash and Short Term Investments 485,200
Common Stock Shares Outstanding 65,707
Current Deferred Revenue69,800
Liabilities and Stockholders Equity 2,530,500
Net Debt -278,500
Net Working Capital 810,000
Short Long Term Debt Total 206,700



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-12-312023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-311998-12-311998-09-301998-06-301998-03-311997-12-311997-09-301997-06-301997-03-311996-12-311996-09-301996-06-301996-03-311995-12-31
> Total Assets 
0
0
0
0
0
0
51,287
0
0
0
69,113
0
0
0
82,939
0
0
0
93,771
0
114,546
0
129,048
0
136,557
0
160,428
0
191,117
0
230,579
0
280,164
0
264,539
281,494
281,494
502,696
505,747
527,370
527,370
545,924
545,924
565,763
565,763
586,294
585,737
610,998
610,998
607,916
607,916
720,895
720,895
679,373
679,373
739,802
739,802
751,719
751,719
751,191
751,191
741,047
741,047
697,807
697,807
702,542
702,542
742,361
742,361
765,260
764,501
811,675
811,675
789,036
789,036
827,758
827,758
875,402
869,056
924,137
924,137
957,363
957,363
983,664
983,664
1,136,300
1,136,359
1,184,400
1,184,400
1,156,900
1,156,900
1,248,900
0
1,379,200
0
1,642,900
0
2,575,700
0
2,360,400
0
2,438,200
0
2,432,000
2,465,100
2,465,100
2,466,700
2,466,700
2,568,700
2,568,700
2,530,500
2,530,5002,568,7002,568,7002,466,7002,466,7002,465,1002,465,1002,432,00002,438,20002,360,40002,575,70001,642,90001,379,20001,248,9001,156,9001,156,9001,184,4001,184,4001,136,3591,136,300983,664983,664957,363957,363924,137924,137869,056875,402827,758827,758789,036789,036811,675811,675764,501765,260742,361742,361702,542702,542697,807697,807741,047741,047751,191751,191751,719751,719739,802739,802679,373679,373720,895720,895607,916607,916610,998610,998585,737586,294565,763565,763545,924545,924527,370527,370505,747502,696281,494281,494264,5390280,1640230,5790191,1170160,4280136,5570129,0480114,546093,77100082,93900069,11300051,287000000
   > Total Current Assets 
0
0
0
0
0
0
38,191
0
0
0
52,566
0
0
0
64,011
0
0
0
71,971
0
0
0
106,438
0
0
0
123,179
0
0
0
179,482
0
0
0
200,402
0
0
0
251,030
0
0
0
279,203
0
0
0
323,738
0
0
0
322,096
0
0
0
371,319
0
0
0
447,888
0
0
0
429,884
0
0
0
373,881
0
0
0
405,222
0
0
0
420,879
0
0
0
489,026
0
0
0
543,028
571,705
571,705
585,960
585,960
0
0
0
584,200
606,600
0
635,000
653,900
653,900
1,477,500
1,477,500
1,183,500
1,183,500
1,230,000
1,230,000
1,202,000
1,202,000
1,327,000
1,327,000
1,315,400
1,315,400
1,361,500
1,361,500
1,327,400
1,327,4001,361,5001,361,5001,315,4001,315,4001,327,0001,327,0001,202,0001,202,0001,230,0001,230,0001,183,5001,183,5001,477,5001,477,500653,900653,900635,0000606,600584,200000585,960585,960571,705571,705543,028000489,026000420,879000405,222000373,881000429,884000447,888000371,319000322,096000323,738000279,203000251,030000200,402000179,482000123,179000106,43800071,97100064,01100052,56600038,191000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
12,958
0
0
0
19,227
0
0
0
33,831
0
0
0
23,201
0
0
0
31,025
0
0
0
10,539
0
0
0
43,891
0
0
0
75,946
0
0
0
106,077
0
0
0
87,073
0
0
0
83,382
0
0
0
36,687
0
0
0
80,016
0
0
0
42,808
0
0
0
72,423
0
0
0
68,486
0
0
0
52,689
0
0
0
56,127
0
0
0
72,208
0
0
0
75,417
79,408
79,408
89,540
89,540
0
0
0
61,500
92,300
0
78,600
0
89,400
0
565,000
0
587,700
0
609,600
0
553,100
629,300
629,300
521,700
521,700
555,500
555,500
485,200
485,200555,500555,500521,700521,700629,300629,300553,1000609,6000587,7000565,000089,400078,600092,30061,50000089,54089,54079,40879,40875,41700072,20800056,12700052,68900068,48600072,42300042,80800080,01600036,68700083,38200087,073000106,07700075,94600043,89100010,53900031,02500023,20100033,83100019,22700012,958000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,853
0
0
0
11,454
0
0
0
18,430
0
0
0
0
0
0
0
0
0
0
365,000
0
25,000
0
27,300
0
0
0
0
25,000
25,000
0
90,800
0
090,800025,00025,000000027,300025,0000365,000000000000018,43000011,4540003,853000000000000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
15,357
0
0
0
18,248
0
0
0
17,013
0
0
0
31,789
0
41,575
0
42,511
0
52,823
0
69,284
0
61,486
0
78,578
0
89,723
0
66,656
75,194
75,194
74,023
82,961
94,579
94,579
103,487
109,388
112,235
112,235
127,473
143,076
158,070
158,070
155,904
173,266
215,354
215,354
166,431
173,256
206,479
206,479
173,554
210,690
254,030
254,030
179,561
238,276
201,348
201,348
162,211
189,085
207,760
207,760
206,491
203,748
217,611
217,611
218,994
214,953
237,088
237,088
253,350
249,744
276,915
276,915
288,133
281,925
304,450
304,450
299,400
292,139
299,300
299,300
326,300
316,700
293,800
0
319,700
324,700
324,700
304,900
235,500
327,500
327,500
365,500
296,300
367,800
367,800
348,500
390,400
432,600
432,600
457,500
457,500
453,800
453,800457,500457,500432,600432,600390,400348,500367,800367,800296,300365,500327,500327,500235,500304,900324,700324,700319,7000293,800316,700326,300299,300299,300292,139299,400304,450304,450281,925288,133276,915276,915249,744253,350237,088237,088214,953218,994217,611217,611203,748206,491207,760207,760189,085162,211201,348201,348238,276179,561254,030254,030210,690173,554206,479206,479173,256166,431215,354215,354173,266155,904158,070158,070143,076127,473112,235112,235109,388103,48794,57994,57982,96174,02375,19475,19466,656089,723078,578061,486069,284052,823042,511041,575031,78900017,01300018,24800015,357000000
       Other Current Assets 
0
0
0
0
0
0
1,787
0
0
0
1,463
0
0
0
1,806
0
0
0
2,913
0
3,707
0
5,834
0
8,287
0
6,976
0
14,585
0
11,990
0
15,483
0
12,963
13,957
13,957
21,536
12,872
22,294
22,294
11,821
5,920
30,960
30,960
21,292
5,390
5,648
5,648
30,336
12,974
7,419
7,419
18,928
12,103
43,136
43,136
126,915
89,983
8,085
8,085
71,774
13,059
8,594
8,594
41,886
15,012
7,001
7,001
14,468
17,211
10,299
10,299
17,145
21,186
13,414
13,414
17,607
17,360
18,034
18,034
25,375
20,129
33,300
33,300
37,000
25,840
37,500
37,500
29,000
38,600
3,000
0
41,300
5,000
5,000
1,200
88,200
18,400
18,400
17,600
108,000
9,600
9,600
79,000
37,100
5,200
50,400
3,700
37,000
66,900
66,90037,0003,70050,4005,20037,10079,0009,6009,600108,00017,60018,40018,40088,2001,2005,0005,00041,30003,00038,60029,00037,50037,50025,84037,00033,30033,30020,12925,37518,03418,03417,36017,60713,41413,41421,18617,14510,29910,29917,21114,4687,0017,00115,01241,8868,5948,59413,05971,7748,0858,08589,983126,91543,13643,13612,10318,9287,4197,41912,97430,3365,6485,6485,39021,29230,96030,9605,92011,82122,29422,29412,87221,53613,95713,95712,963015,483011,990014,58506,97608,28705,83403,70702,9130001,8060001,4630001,787000000
   > Long-term Assets 
0
0
0
0
0
0
13,096
0
0
0
16,547
0
0
0
18,928
0
0
0
21,800
0
0
0
22,610
0
0
0
37,249
0
0
0
51,097
0
0
0
64,137
0
0
0
254,717
0
0
0
266,721
0
0
0
261,999
0
0
0
285,820
0
0
0
308,054
0
0
0
303,831
0
0
0
311,163
0
0
0
328,661
0
0
0
359,279
0
0
0
368,157
0
0
0
380,030
0
0
0
414,335
0
0
0
550,399
0
0
0
572,700
0
0
744,200
0
0
0
1,098,200
0
0
0
1,208,200
0
0
1,138,100
1,138,100
1,023,500
1,151,300
1,032,800
1,207,200
1,203,100
1,203,1001,207,2001,032,8001,151,3001,023,5001,138,1001,138,100001,208,2000001,098,200000744,20000572,700000550,399000414,335000380,030000368,157000359,279000328,661000311,163000303,831000308,054000285,820000261,999000266,721000254,71700064,13700051,09700037,24900022,61000021,80000018,92800016,54700013,096000000
       Property Plant Equipment 
0
0
0
0
0
0
6,291
0
0
0
6,744
0
0
0
7,222
0
0
0
10,311
0
12,006
0
12,541
0
16,093
0
24,925
0
28,426
0
27,336
0
30,905
0
29,523
27,793
27,793
24,624
28,589
25,188
25,188
30,833
34,873
35,052
35,052
40,565
40,565
41,218
41,218
43,219
43,420
46,059
46,059
46,794
46,810
44,803
44,803
49,597
49,597
60,308
60,308
69,357
69,357
56,448
56,448
59,611
59,611
62,262
62,262
65,898
65,898
67,864
67,864
75,776
75,776
75,122
75,122
80,809
80,809
80,533
80,533
86,878
86,878
91,820
91,820
120,100
120,107
121,000
121,000
128,400
128,400
140,900
166,500
166,500
359,700
359,700
438,800
438,800
423,900
423,900
428,500
428,500
434,600
434,600
439,200
439,200
440,100
440,100
447,200
447,200
455,900
455,900447,200447,200440,100440,100439,200439,200434,600434,600428,500428,500423,900423,900438,800438,800359,700359,700166,500166,500140,900128,400128,400121,000121,000120,107120,10091,82091,82086,87886,87880,53380,53380,80980,80975,12275,12275,77675,77667,86467,86465,89865,89862,26262,26259,61159,61156,44856,44869,35769,35760,30860,30849,59749,59744,80344,80346,81046,79446,05946,05943,42043,21941,21841,21840,56540,56535,05235,05234,87330,83325,18825,18828,58924,62427,79327,79329,523030,905027,336028,426024,925016,093012,541012,006010,3110007,2220006,7440006,291000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
168,002
176,739
0
0
185,352
185,352
0
0
182,401
1,416
0
0
187,741
187,741
0
0
173,599
173,599
169,028
169,028
159,877
159,877
154,551
154,551
159,137
159,137
153,810
153,810
151,066
151,066
158,275
158,275
170,959
170,959
0
0
170,259
170,259
0
0
170,503
170,503
0
0
171,356
171,356
0
0
267,100
267,104
0
0
263,600
263,600
0
0
268,800
0
0
0
270,900
0
0
0
267,300
0
0
257,100
257,100
0
0
256,100
256,100
0
0256,100256,10000257,100257,10000267,300000270,900000268,80000263,600263,60000267,104267,10000171,356171,35600170,503170,50300170,259170,25900170,959170,959158,275158,275151,066151,066153,810153,810159,137159,137154,551154,551159,877159,877169,028169,028173,599173,59900187,741187,741001,416182,40100185,352185,35200176,739168,0020000000000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,755
13,755
15,064
15,064
0
0
0
0
0
0
47,800
0
0
0
94,900
0
0
0
199,500
0
0
0
119,100
0
0
0
97,300
0
097,300000119,100000199,50000094,90000047,80000000015,06415,06413,75513,75500000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,809
0
7,190
21,742
21,742
188,066
15,025
193,120
193,120
201,198
15,846
202,323
202,323
194,424
194,852
212,262
212,262
208,758
21,017
222,074
222,074
208,259
34,660
222,299
222,299
211,839
51,962
205,395
205,395
208,550
49,413
195,810
195,810
206,715
55,649
219,846
219,846
235,774
64,815
248,894
248,894
234,115
63,856
231,304
231,304
228,531
58,028
234,725
234,725
224,338
52,982
212,049
212,049
340,000
72,872
343,900
343,900
345,300
81,700
368,800
0
155,600
0
428,200
0
139,400
0
407,300
0
135,500
0
388,300
135,400
392,500
408,300
408,300
141,400
444,100
458,700
458,700444,100141,400408,300408,300392,500135,400388,3000135,5000407,3000139,4000428,2000155,6000368,80081,700345,300343,900343,90072,872340,000212,049212,04952,982224,338234,725234,72558,028228,531231,304231,30463,856234,115248,894248,89464,815235,774219,846219,84655,649206,715195,810195,81049,413208,550205,395205,39551,962211,839222,299222,29934,660208,259222,074222,07421,017208,758212,262212,262194,852194,424202,323202,32315,846201,198193,120193,12015,025188,06621,74221,7427,19006,80900000000000000000000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,449
0
0
0
10,469
0
12,324
0
14,795
0
23,761
0
29,683
0
34,614
52,383
52,383
226,918
226,128
224,143
224,143
235,888
235,888
232,074
232,074
221,692
221,434
244,507
244,507
242,601
242,601
293,013
293,013
261,260
261,260
274,362
274,362
254,234
254,234
258,011
258,011
241,806
241,806
263,945
263,945
269,050
269,050
279,827
279,827
294,140
293,381
315,188
315,188
292,381
292,381
304,768
304,768
305,567
299,221
317,620
317,620
327,457
327,457
320,139
320,139
430,300
430,292
442,400
442,400
444,300
81,100
97,300
155,900
102,200
118,100
118,100
212,300
212,300
189,400
189,400
203,400
203,400
167,200
167,200
151,500
220,300
127,800
0
174,400
0
0
00174,4000127,800220,300151,500167,200167,200203,400203,400189,400189,400212,300212,300118,100118,100102,200155,90097,30081,100444,300442,400442,400430,292430,300320,139320,139327,457327,457317,620317,620299,221305,567304,768304,768292,381292,381315,188315,188293,381294,140279,827279,827269,050269,050263,945263,945241,806241,806258,011258,011254,234254,234274,362274,362261,260261,260293,013293,013242,601242,601244,507244,507221,434221,692232,074232,074235,888235,888224,143224,143226,128226,91852,38352,38334,614029,683023,761014,795012,324010,46900013,44900000000000000000000
> Total Liabilities 
0
0
0
0
0
0
27,980
0
0
0
37,018
0
0
0
48,889
0
0
0
50,942
0
61,148
0
73,553
0
66,542
0
85,012
0
80,887
0
110,892
0
125,762
0
119,010
132,580
132,580
348,035
339,877
322,681
322,681
336,146
336,146
327,481
327,481
325,485
324,928
323,360
323,360
288,575
288,575
439,386
439,386
315,139
315,139
334,699
334,699
313,411
313,411
263,788
263,788
237,764
237,764
302,559
302,559
317,662
317,662
351,271
351,271
410,749
407,588
489,253
489,253
459,831
459,831
506,312
506,312
520,016
513,670
508,792
508,792
508,806
508,806
495,979
495,979
592,700
592,712
609,600
609,600
546,100
546,100
595,400
0
653,300
0
836,900
0
1,174,200
0
719,000
0
736,500
0
702,200
779,400
779,400
751,400
751,400
578,000
819,900
748,700
748,700819,900578,000751,400751,400779,400779,400702,2000736,5000719,00001,174,2000836,9000653,3000595,400546,100546,100609,600609,600592,712592,700495,979495,979508,806508,806508,792508,792513,670520,016506,312506,312459,831459,831489,253489,253407,588410,749351,271351,271317,662317,662302,559302,559237,764237,764263,788263,788313,411313,411334,699334,699315,139315,139439,386439,386288,575288,575323,360323,360324,928325,485327,481327,481336,146336,146322,681322,681339,877348,035132,580132,580119,0100125,7620110,892080,887085,012066,542073,553061,148050,94200048,88900037,01800027,980000000
   > Total Current Liabilities 
0
0
0
0
0
0
27,615
0
0
0
36,609
0
0
0
48,398
0
0
0
50,393
0
60,593
0
72,938
0
65,840
0
83,372
0
79,204
0
99,440
0
112,566
0
106,296
119,801
119,801
193,038
186,949
185,254
185,254
203,456
203,456
216,030
216,030
279,847
279,548
274,094
274,094
124,945
124,945
208,706
208,706
117,143
117,143
161,858
161,858
213,148
213,148
171,639
171,639
223,460
223,460
217,569
217,569
261,943
261,943
250,465
250,465
191,830
191,830
195,283
195,283
169,578
169,578
209,239
209,239
403,284
403,284
399,959
399,959
251,100
251,100
250,437
250,437
346,600
346,615
312,200
312,200
287,700
287,700
327,600
0
359,500
349,700
349,700
817,500
817,500
369,600
369,600
402,500
402,500
377,600
377,600
527,600
527,600
464,200
464,200
578,000
578,000
517,400
517,400578,000578,000464,200464,200527,600527,600377,600377,600402,500402,500369,600369,600817,500817,500349,700349,700359,5000327,600287,700287,700312,200312,200346,615346,600250,437250,437251,100251,100399,959399,959403,284403,284209,239209,239169,578169,578195,283195,283191,830191,830250,465250,465261,943261,943217,569217,569223,460223,460171,639171,639213,148213,148161,858161,858117,143117,143208,706208,706124,945124,945274,094274,094279,548279,847216,030216,030203,456203,456185,254185,254186,949193,038119,801119,801106,2960112,566099,440079,204083,372065,840072,938060,593050,39300048,39800036,60900027,615000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,005
0
0
0
25,867
0
0
0
64,206
0
0
0
70,547
0
0
0
161,337
0
0
0
15,438
0
0
0
0
0
0
0
73,811
0
0
0
60,000
0
0
0
45,744
0
0
0
3,309
0
0
0
3,141
0
0
0
168,159
0
0
0
3,978
172,936
172,936
218,922
84,687
0
0
0
3,700
0
0
3,300
0
0
0
419,100
0
0
0
31,900
0
0
78,700
78,700
0
36,400
0
39,200
39,800
39,80039,200036,400078,70078,7000031,900000419,1000003,300003,70000084,687218,922172,936172,9363,978000168,1590003,1410003,30900045,74400060,00000073,811000000015,438000161,33700070,54700064,20600025,86700015,005000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
172,936
172,936
218,922
218,922
0
0
0
0
0
0
3,300
0
0
0
393,100
0
0
0
0
0
0
0
42,600
0
0
0
0
0
0000042,6000000000393,1000003,300000000218,922218,922172,936172,93600000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,479
0
30,511
0
23,264
0
21,136
0
33,145
0
29,340
0
31,747
0
31,657
37,456
37,456
46,539
46,539
48,419
48,419
57,345
57,345
0
0
61,923
61,923
61,943
61,943
60,830
60,830
124,760
124,760
64,881
64,881
52,346
52,346
70,763
70,763
82,601
82,601
85,047
85,047
76,862
76,862
98,404
98,404
80,931
80,931
81,874
80,632
104,811
104,811
78,644
78,644
85,030
85,030
99,858
99,858
107,295
107,295
110,354
110,354
109,589
109,589
130,900
130,911
116,700
116,700
140,500
140,500
0
0
160,800
158,600
158,600
159,300
159,300
146,300
146,300
202,900
202,900
169,800
169,800
232,400
232,400
201,200
201,200
270,400
270,400
247,100
247,100270,400270,400201,200201,200232,400232,400169,800169,800202,900202,900146,300146,300159,300159,300158,600158,600160,80000140,500140,500116,700116,700130,911130,900109,589109,589110,354110,354107,295107,29599,85899,85885,03085,03078,64478,644104,811104,81180,63281,87480,93180,93198,40498,40476,86276,86285,04785,04782,60182,60170,76370,76352,34652,34664,88164,881124,760124,76060,83060,83061,94361,94361,92361,9230057,34557,34548,41948,41946,53946,53937,45637,45631,657031,747029,340033,145021,136023,264030,511023,47900000000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
15,486
0
0
0
21,776
0
0
0
30,563
0
0
0
28,514
0
34,441
0
42,427
0
27,518
0
62,236
0
31,383
0
55,095
0
54,229
0
39,797
53,904
53,904
82,392
55,422
75,017
75,017
75,564
52,039
119,340
119,340
56,587
38,950
50,718
50,718
48,677
34,319
67,163
67,163
52,262
37,584
75,047
75,047
68,574
49,526
89,038
89,038
78,413
59,681
100,707
100,707
117,795
97,892
91,162
91,162
106,647
85,383
87,256
87,256
87,793
72,642
121,148
121,148
135,267
114,682
124,238
124,238
136,768
105,504
137,309
137,309
131,000
105,771
135,900
135,900
143,500
117,000
0
0
152,500
96,300
96,300
184,700
192,100
98,600
98,600
79,800
124,900
94,800
94,800
161,800
161,800
263,000
152,100
307,600
206,800
160,700
160,700206,800307,600152,100263,000161,800161,80094,80094,800124,90079,80098,60098,600192,100184,70096,30096,300152,50000117,000143,500135,900135,900105,771131,000137,309137,309105,504136,768124,238124,238114,682135,267121,148121,14872,64287,79387,25687,25685,383106,64791,16291,16297,892117,795100,707100,70759,68178,41389,03889,03849,52668,57475,04775,04737,58452,26267,16367,16334,31948,67750,71850,71838,95056,587119,340119,34052,03975,56475,01775,01755,42282,39253,90453,90439,797054,229055,095031,383062,236027,518042,427034,441028,51400030,56300021,77600015,486000000
   > Long-term Liabilities 
0
0
0
0
0
0
365
0
0
0
409
0
0
0
491
0
0
0
549
0
0
0
615
0
0
0
1,640
0
0
0
11,452
0
0
0
12,714
0
0
0
152,928
0
0
0
132,690
0
0
0
45,380
0
0
0
163,630
0
0
0
197,996
0
0
0
100,263
0
0
0
14,304
0
0
0
55,719
0
0
0
215,758
0
0
0
290,253
0
0
0
110,386
0
0
0
257,706
0
0
0
246,097
0
0
0
258,400
0
0
293,800
0
0
0
356,700
0
0
0
334,000
0
0
251,800
251,800
41,300
287,200
0
241,900
231,300
231,300241,9000287,20041,300251,800251,80000334,000000356,700000293,80000258,400000246,097000257,706000110,386000290,253000215,75800055,71900014,304000100,263000197,996000163,63000045,380000132,690000152,92800012,71400011,4520001,640000615000549000491000409000365000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
144,000
161,500
0
178,300
0
390,600
0
285,400
0
275,900
0
232,400
0
229,100
0
175,200
0
214,000
0
162,600
0
0162,6000214,0000175,2000229,1000232,4000275,9000285,4000390,6000178,3000161,500144,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,640
0
0
0
11,452
0
13,196
0
12,714
12,779
12,779
16,046
13,642
4,330
4,330
7,197
7,197
6,905
6,905
7,828
7,828
10,226
10,226
8,633
8,633
49,377
49,377
9,234
9,234
20,911
20,911
17,329
17,329
11,213
11,213
11,264
11,264
41,512
41,512
35,791
35,791
36,859
36,859
51,759
48,598
70,865
70,865
55,979
55,979
69,656
69,656
65,834
65,834
64,146
64,146
61,324
61,324
65,169
65,169
106,100
106,025
104,400
104,400
106,300
106,300
0
115,500
115,500
96,600
96,600
71,300
71,300
73,500
73,500
101,600
101,600
95,500
95,500
76,600
76,600
73,200
73,200
79,300
79,300
0
079,30079,30073,20073,20076,60076,60095,50095,500101,600101,60073,50073,50071,30071,30096,60096,600115,500115,5000106,300106,300104,400104,400106,025106,10065,16965,16961,32461,32464,14664,14665,83465,83469,65669,65655,97955,97970,86570,86548,59851,75936,85936,85935,79135,79141,51241,51211,26411,26411,21311,21317,32917,32920,91120,9119,2349,23449,37749,3778,6338,63310,22610,2267,8287,8286,9056,9057,1977,1974,3304,33013,64216,04612,77912,77912,714013,196011,4520001,64000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50,400
50,400
0
0
58,100
58,100
0
0
53,300
53,300
0
0
33,000
33,000
0
0
0
0
0
0000033,00033,0000053,30053,3000058,10058,1000050,40050,40000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
0
0
0
23,307
0
0
0
32,095
0
0
0
34,050
0
0
0
42,829
0
53,398
0
55,495
0
70,015
0
75,416
0
110,230
0
119,687
0
147,825
0
139,018
143,250
143,250
149,920
161,129
200,914
200,914
207,537
207,537
238,091
238,091
260,809
260,809
287,638
287,638
319,341
319,341
281,509
281,509
364,234
364,234
405,103
405,103
438,308
438,308
487,403
487,403
503,283
503,283
395,248
395,248
384,880
384,880
391,090
391,090
354,511
356,913
322,422
322,422
329,205
329,205
321,446
321,446
355,386
355,386
415,345
415,345
448,557
448,557
487,685
487,685
543,600
543,647
574,800
574,800
610,800
610,800
653,500
0
725,900
0
806,000
0
1,401,500
0
1,641,400
0
1,701,700
0
1,729,800
1,685,700
1,685,700
1,778,200
1,715,300
1,805,700
1,748,800
1,781,800
1,781,8001,748,8001,805,7001,715,3001,778,2001,685,7001,685,7001,729,80001,701,70001,641,40001,401,5000806,0000725,9000653,500610,800610,800574,800574,800543,647543,600487,685487,685448,557448,557415,345415,345355,386355,386321,446321,446329,205329,205322,422322,422356,913354,511391,090391,090384,880384,880395,248395,248503,283503,283487,403487,403438,308438,308405,103405,103364,234364,234281,509281,509319,341319,341287,638287,638260,809260,809238,091238,091207,537207,537200,914200,914161,129149,920143,250143,250139,0180147,8250119,6870110,230075,416070,015055,495053,398042,82900034,05000032,09500023,307000000
   Common Stock
0
0
0
0
0
0
5,000
0
0
0
5,000
0
0
0
6,383
0
0
0
7,964
0
10,883
0
10,883
0
14,959
0
14,959
0
23,089
0
23,089
0
50,746
0
50,746
50,746
50,746
50,746
50,746
68,034
68,034
68,034
66,663
71,369
71,369
71,369
69,998
84,342
84,342
85,064
82,972
98,106
98,106
99,427
97,435
112,779
112,779
119,842
119,842
121,162
121,162
123,226
123,226
125,999
125,999
125,865
125,865
127,854
127,854
128,196
128,196
128,196
128,196
152,599
144,136
152,599
152,599
152,599
144,136
158,034
158,034
159,303
158,940
169,371
169,371
169,400
169,367
172,900
172,900
173,000
173,000
182,200
182,300
182,300
189,700
189,700
1,272,400
1,272,400
1,276,200
1,276,200
1,276,600
1,276,600
1,276,600
1,276,600
1,276,600
1,276,600
1,276,700
1,276,700
1,250,300
1,250,300
1,204,200
1,204,2001,250,3001,250,3001,276,7001,276,7001,276,6001,276,6001,276,6001,276,6001,276,6001,276,6001,276,2001,276,2001,272,4001,272,400189,700189,700182,300182,300182,200173,000173,000172,900172,900169,367169,400169,371169,371158,940159,303158,034158,034144,136152,599152,599152,599144,136152,599128,196128,196128,196128,196127,854127,854125,865125,865125,999125,999123,226123,226121,162121,162119,842119,842112,779112,77997,43599,42798,10698,10682,97285,06484,34284,34269,99871,36971,36971,36966,66368,03468,03468,03450,74650,74650,74650,74650,746050,746023,089023,089014,959014,959010,883010,88307,9640006,3830005,0000005,000000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
-6,650
0
0
0
-8,497
0
0
0
-10,066
0
0
0
-12,411
0
0
0
-15,831
0
0
0
-18,279
0
0
0
1,188
0
0
0
-995
0
0
0
10,424
0
0
0
3,010
0
0
0
9,584
0
0
0
13,035
0
0
0
-2,435
0
0
0
19,443
0
0
0
19,868
0
0
0
-21,491
0
0
0
-41,841
0
0
0
-32,191
0
0
0
-26,201
0
0
0
-14,662
0
0
0
-12,801
0
0
0
-33,800
0
0
-15,300
0
0
0
12,700
0
0
0
57,900
0
0
-46,200
-46,200
0
-62,900
0
-56,900
-54,500
-54,500-56,9000-62,9000-46,200-46,2000057,90000012,700000-15,30000-33,800000-12,801000-14,662000-26,201000-32,191000-41,841000-21,49100019,86800019,443000-2,43500013,0350009,5840003,01000010,424000-9950001,188000-18,279000-15,831000-12,411000-10,066000-8,497000-6,650000000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000-38-38-363-363-854-854-8,463-8,463-8,463-8,463-8,463-8,463-9,408-9,408-9,408-9,408-9,408-9,408-4,729-4,729-4,728-4,728-3,489-3,489-3,489-3,489-2,826-2,826-2,827-2,827-1,992-1,992-1,992-1,992-2,092-2,092-1,371-1,371-1,371-1,371-1,371-1,371-1,371-1,371-1,371-1,3710-1,3710000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
6,151
0
0
0
11,251
0
0
0
11,215
0
0
0
15,938
0
0
0
19,254
0
0
0
24,212
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-72,600
-70,700
-15,300
-64,200
13,000
13,000
12,700
12,700
12,600
12,600
57,900
57,900
20,900
20,900
-46,200
0
-1,778,200
0
-1,805,700
0
0
00-1,805,7000-1,778,2000-46,20020,90020,90057,90057,90012,60012,60012,70012,70013,00013,000-64,200-15,300-70,700-72,60000000000000000000000000000000000000000000000000000000000000000024,21200019,25400015,93800011,21500011,2510006,151000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue1,955,700
Cost of Revenue-488,000
Gross Profit1,467,7001,467,700
 
Operating Income (+$)
Gross Profit1,467,700
Operating Expense-1,055,300
Operating Income412,400412,400
 
Operating Expense (+$)
Research Development244,900
Selling General Administrative203,900
Selling And Marketing Expenses606,500
Operating Expense1,055,3001,055,300
 
Net Interest Income (+$)
Interest Income7,100
Interest Expense-9,400
Other Finance Cost-9,400
Net Interest Income7,100
 
Pretax Income (+$)
Operating Income412,400
Net Interest Income7,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)396,800428,000
EBIT - interestExpense = 403,000
396,600
310,000
Interest Expense9,400
Earnings Before Interest and Taxes (EBIT)412,400406,200
Earnings Before Interest and Taxes (EBITDA)493,300
 
After tax Income (+$)
Income Before Tax396,800
Tax Provision-96,000
Net Income From Continuing Ops300,600300,800
Net Income300,600
Net Income Applicable To Common Shares300,600
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,543,300
Total Other Income/Expenses Net-15,600-7,100
 

Technical Analysis of Cochlear
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Cochlear. The general trend of Cochlear is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Cochlear's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Cochlear Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 348.05.

The bearish price targets are: 323.00 > 285.55 > 283.24.

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Cochlear Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Cochlear Ltd. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Cochlear Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Cochlear Ltd. The current macd is 2.18648006.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Cochlear price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Cochlear. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Cochlear price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Cochlear Ltd Daily Moving Average Convergence/Divergence (MACD) ChartCochlear Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Cochlear Ltd. The current adx is 11.81.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Cochlear shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Cochlear Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Cochlear Ltd. The current sar is 325.00.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Cochlear Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Cochlear Ltd. The current rsi is 56.68. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Cochlear Ltd Daily Relative Strength Index (RSI) ChartCochlear Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Cochlear Ltd. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Cochlear price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Cochlear Ltd Daily Stochastic Oscillator ChartCochlear Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Cochlear Ltd. The current cci is 76.52.

Cochlear Ltd Daily Commodity Channel Index (CCI) ChartCochlear Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Cochlear Ltd. The current cmo is 15.17.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Cochlear Ltd Daily Chande Momentum Oscillator (CMO) ChartCochlear Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Cochlear Ltd. The current willr is -21.80936995.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Cochlear is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Cochlear Ltd Daily Williams %R ChartCochlear Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Cochlear Ltd.

Cochlear Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Cochlear Ltd. The current atr is 6.82416875.

Cochlear Ltd Daily Average True Range (ATR) ChartCochlear Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Cochlear Ltd. The current obv is 4,565,490.

Cochlear Ltd Daily On-Balance Volume (OBV) ChartCochlear Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Cochlear Ltd. The current mfi is 32.84.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Cochlear Ltd Daily Money Flow Index (MFI) ChartCochlear Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Cochlear Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-31WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.

6.3. Candlestick Patterns

Cochlear Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Cochlear Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.680
Ma 20Greater thanMa 50334.779
Ma 50Greater thanMa 100324.548
Ma 100Greater thanMa 200301.960
OpenGreater thanClose338.490
Total5/5 (100.0%)
Penke

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