Financials Tadano Ltd.

Equities

6395

JP3465000002

Heavy Machinery & Vehicles

Market Closed - Japan Exchange 11:30:00 02/05/2024 am IST 5-day change 1st Jan Change
1,222 JPY -1.37% Intraday chart for Tadano Ltd. -1.93% +3.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,26,757 1,11,870 1,40,465 1,16,309 1,49,630 1,55,150 - -
Enterprise Value (EV) 1 90,968 1,14,382 1,31,941 1,11,870 1,42,342 1,57,709 1,45,481 1,42,114
P/E ratio 11.1 x 14.2 x -10.8 x 52.6 x 19.2 x 14.8 x 12.5 x 11.7 x
Yield 2.6% 3.17% 0.27% 0.87% 1.61% 1.74% 1.76% 2.54%
Capitalization / Revenue 0.67 x 0.49 x 0.76 x 0.6 x 0.53 x 0.49 x 0.5 x 0.49 x
EV / Revenue 0.48 x 0.5 x 0.71 x 0.58 x 0.51 x 0.5 x 0.47 x 0.44 x
EV / EBITDA 4.83 x 5.79 x 88 x 10.2 x 6.16 x 5.89 x 5.1 x 4.78 x
EV / FCF -7.62 x -7.2 x 8.93 x -7.03 x 23.2 x 41.5 x 13.7 x 14.3 x
FCF Yield -13.1% -13.9% 11.2% -14.2% 4.31% 2.41% 7.29% 6.98%
Price to Book 0.82 x 0.7 x 0.97 x 0.7 x 0.83 x 0.83 x 0.79 x 0.76 x
Nbr of stocks (in thousands) 1,26,630 1,26,694 1,26,774 1,26,837 1,26,912 1,26,912 - -
Reference price 2 1,001 883.0 1,108 917.0 1,179 1,222 1,222 1,222
Announcement Date 26/04/19 28/04/20 28/04/21 14/02/23 14/02/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,88,451 2,27,949 1,86,040 1,92,932 2,80,266 3,14,050 3,07,600 3,19,425
EBITDA 1 18,819 19,770 1,499 10,976 23,099 26,760 28,540 29,750
EBIT 1 15,835 15,623 -4,196 7,191 18,349 20,680 22,917 23,850
Operating Margin 8.4% 6.85% -2.26% 3.73% 6.55% 6.58% 7.45% 7.47%
Earnings before Tax (EBT) 1 16,218 13,504 -12,358 7,623 18,287 18,300 20,908 21,925
Net income 1 11,462 7,876 -12,987 2,210 7,773 10,482 12,435 13,208
Net margin 6.08% 3.46% -6.98% 1.15% 2.77% 3.34% 4.04% 4.13%
EPS 2 90.52 62.20 -102.5 17.43 61.26 82.58 97.56 104.0
Free Cash Flow 1 -11,943 -15,884 14,782 -15,902 6,138 3,802 10,609 9,925
FCF margin -6.34% -6.97% 7.95% -8.24% 2.19% 1.21% 3.45% 3.11%
FCF Conversion (EBITDA) - - 986.12% - 26.57% 14.21% 37.17% 33.36%
FCF Conversion (Net income) - - - - 78.97% 36.27% 85.31% 75.15%
Dividend per Share 2 26.00 28.00 3.000 8.000 19.00 21.25 21.50 31.00
Announcement Date 26/04/19 28/04/20 28/04/21 14/02/23 14/02/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2
Net sales 1 1,06,179 1,00,304 1,27,645 91,106 41,437 53,497 77,658 - 53,652 - 61,622 64,886 68,381 1,33,267 70,655 76,344 1,46,999
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 10,092 7,573 8,050 -1,038 -796 -2,362 1,829 - 2,611 922 2,751 3,527 5,270 8,797 4,396 6,312 9,552
Operating Margin 9.5% 7.55% 6.31% -1.14% -1.92% -4.42% 2.36% - 4.87% - 4.46% 5.44% 7.71% 6.6% 6.22% 8.27% 6.5%
Earnings before Tax (EBT) 1 - 7,739 - -1,504 -5,785 - - - - - 2,319 3,036 - 7,884 4,153 6,250 10,403
Net income 1 7,381 5,064 2,812 -2,566 -5,102 -5,319 1,884 - 94 - 2,951 847 2,403 3,250 1,687 2,836 4,523
Net margin 6.95% 5.05% 2.2% -2.82% -12.31% -9.94% 2.43% - 0.18% - 4.79% 1.31% 3.51% 2.44% 2.39% 3.71% 3.08%
EPS - 39.99 - -20.26 -40.28 - - - - - - 6.680 - 25.62 13.30 - -
Dividend per Share - 14.00 - - - - - - - - - - - 4.000 - - -
Announcement Date 26/04/19 30/10/19 28/04/20 30/10/20 29/01/21 28/04/21 10/08/22 10/08/22 14/11/22 14/02/23 14/02/23 15/05/23 10/08/23 10/08/23 14/11/23 14/02/24 14/02/24
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 2,512 - - - 2,559 - -
Net Cash position 1 35,789 - 8,524 4,439 7,288 - 9,669 13,037
Leverage (Debt/EBITDA) - 0.1271 x - - - 0.0956 x - -
Free Cash Flow 1 -11,943 -15,884 14,782 -15,902 6,138 3,802 10,609 9,925
ROE (net income / shareholders' equity) 7.6% 5% -8.6% 1.4% 4.5% 6.13% 6.64% 6.64%
ROA (Net income/ Total Assets) 6.22% 5.45% -1.47% 0.63% 2.15% 3.49% 3.54% 3.87%
Assets 1 1,84,138 1,44,632 8,81,838 3,50,682 3,60,964 3,00,444 3,50,800 3,41,573
Book Value Per Share 2 1,216 1,253 1,137 1,318 1,426 1,479 1,542 1,612
Cash Flow per Share 2 114.0 95.00 -57.60 -161.0 109.0 -114.0 105.0 121.0
Capex 1 14,458 12,902 5,666 4,679 3,115 4,872 6,023 4,705
Capex / Sales 7.67% 5.66% 3.05% 2.43% 1.11% 1.55% 1.96% 1.47%
Announcement Date 26/04/19 28/04/20 28/04/21 14/02/23 14/02/24 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
1,222 JPY
Average target price
1,360 JPY
Spread / Average Target
+11.25%
Consensus
  1. Stock Market
  2. Equities
  3. 6395 Stock
  4. Financials Tadano Ltd.