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Amada Co Ltd6113.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Industrial Machinery

Leading maker of sheet-metal fabrication machine tools — press brakes, laser and punch machines — for metalworking.

≈ Japan's Trumpf for sheet-metal fabrication machineryMomentum laggard 10
Mkt cap
$4.10B
US dollars, full cap
Free float
90%
of shares outstanding
$/day
$29.9M
20-day average traded
Fwd P/E
15.9×
forward earnings
ROIC−WACC
-4.4 pp
WACC 11.1%
Hurdle
-3 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · JPY¥2,112
1D-6.9%
1W-14.6%
1M-21.0%
3M-22.8%
6M-19.6%
YTD+15.6%
1Y+13.7%
ATR %4.9%
52w lowhigh34.5% off high

What Amada does

Leading maker of sheet-metal fabrication machine tools — press brakes, laser and punch machines — for metalworking.

Sells machines to sheet-metal shops and factories, then earns repeat income from parts, tooling, software and servicing on its large installed base. A large share of sales comes from outside Japan, and orders follow customers' investment in new equipment.

In one line: Japan's Trumpf for sheet-metal fabrication machinery.

Products and services

  • Laser cutting machines
  • Press brakes
  • Punch presses
  • Welding/automation systems

Customers

  • Metal fabrication shops
  • Manufacturing plants

Where it sits in the supply chain

  • Industrial machinery
  • Metal fabrication equipment
  • Press brakes, laser cutters, punch…

What could go right

  • Manufacturing capex/automation demand

What could go wrong

  • Manufacturing capex cyclicality
  • Competition from Trumpf/Chinese machine tool makers

Moat: narrow (brand, process know-how, installed base). Leading sheet-metal machine tool brand with a large installed base and service network.

Headquarters: Isehara, Japan · Founded: 1946 · Employees: 9,872

Named competitors

Amada at a glance

Size Amada (6113.T) is a Japan Industrials company (Industrial Machinery) with a market value of $4.10B, the 281st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,112 on 6 Nov 2026.

Performance Over six months the shares fell 19.6%, against -9.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 20 in its peer set.

Growth Revenue grew 17.8% over the last twelve months (peer median +7.5%); the operating margin is 10.2% (peer median 9.3%).

Valuation It trades at 15.9× forward earnings against a peer median of 19.6× (5th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -3 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.4 points below its cost of capital (11.1% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 916113.T 80
Six months, rebased to 100: Amada against the median of its 20 peers (local-currency closes).

Amada financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥460B¥437B¥397B¥404B¥366B
Revenue growth—+10%-2%+10%—
Gross profit¥187B¥164B¥161B¥165B¥149B
EBITDA¥70.8B¥66.2B¥67.0B¥74.4B¥67.2B
Net income¥33.3B¥30.6B¥32.4B¥40.6B¥34.2B
Free cash flow¥55.7B¥52.5B¥39.4B¥36.6B¥4.50B
Capital expenditure¥8.14B¥9.60B¥11.2B¥16.0B¥24.9B
Total debt¥92.2B¥96.1B¥23.8B¥18.9B¥15.0B

Quarterly statements and history in the cockpit →

Amada competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%FELEGILXEKRN002131VOLTASAIXA0369302715300953MWAALH688630600388IP277810630218826113.T6-month return →1-month return →
Up and to the right = strong over both horizons. Amada is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×200×400×600×FELEKRNVOLTASAIXA03693027153009536886302778106113.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Amada is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%FELEGILKRN600862AIXA2715MWAALH688630IP630218826113.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Amada is the large dot.

Amada competitors and peer comparison

Head to head with its named competitors (6113.T vs 6301.T vs BYS.SW vs 002008.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Amada 6113.T$4.10B-20%+18%10%15.9×8.7%
Komatsu 6301.T$32.2B-12%+9%13%13.1×9.5%
Bystronic BYS.SW$366M-23%-2%-6%n/an/a
Han's Laser Technology Industry 002008.SZ$7.97B-48%+59%12%19.1×19.6%
Aida Engineering,Ltd 6118.T$326M-13%-2%6%12.3×-19.0%

How Amada compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Amada against its 20 peers (data as of 6 Nov 2026)
Measure6113.TPeer medianRank in peer set
1-month return-21.0%+1.0%6th lowest of 21
6-month return-19.6%-9.8%6th lowest of 20
Distance from 52-week high-34.5%-31.2%9th lowest of 21
Revenue growth (TTM)+17.8%+7.5%5th highest of 21
Operating margin10.2%9.3%11th highest of 21
Forward P/E15.9×19.6×5th cheapest of 17
Growth the price implies (Req g, 7 yrs)8.7%7.8%7th least demanding of 13
Growth delivered (Del g)+11.8%+10.6%4th highest of 13
Hurdle (Req g minus delivered)-3.0 pp-0.0 pp6th least demanding of 13
ROIC minus cost of capital-4.4 pp+0.1 pp6th lowest of 21
EV / EBITDA8.3×10.6×4th cheapest of 10
Net debt / EBITDA-0.9×-0.2×4th least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Amada 6113.TJapan$4.10B-20%+18%10%15.9×8.7%+11.8%
Jiangsu Gao Kai Precision Fluid 688835.SSChina$4.15Bn/a+21%24%n/an/an/a
Franklin Electric FELEUnited States$4.16B-5%+7%13%18.0×9.2%+11.3%
DMG MORI Aktiengesellschaft GIL.DEGermany$4.17B0%+3%5%n/a11.3%+2.7%
X-Energy XEUnited States$4.24B-65%-9%-156%n/an/an/a
Krones KRN.DEGermany$3.94B-7%+3%7%11.2×-1.8%+11.3%
Avic Aviation High-Technology 600862.SSChina$3.92B-6%-3%22%31.2×6.0%+11.4%
Leo 002131.SZChina$4.33B-34%+10%-1%n/an/an/a
Voltas VOLTAS.NSIndia$3.84B-19%+4%4%50.1×n/an/a
Aixtron AIXA.DEGermany$3.84B-45%-9%16%42.6×5.7%+15.6%
Jusung Engineering 036930.KSSouth Korea$4.39B+5%-33%0%145.3×n/an/a
Estun Automation 2715.HKHong Kong$3.79B-9%+13%4%42.2×28.7%+13.5%
Ningbo Zhenyu Technology 300953.SZChina$3.77B-35%+58%6%21.2×n/an/a
Mueller Water Products MWAUnited States$3.75B-9%+6%21%15.3×2.4%+5.8%
Alliance Laundry ALHUnited States$4.49B-11%+10%19%16.4×15.2%+7.5%
Circuit Fabology Microelectronics Equipment 688630.SSChina$4.50B-12%+93%27%51.5×39.4%+35.4%
Zijin Longking 600388.SSChina$3.70B-6%+13%11%17.4×n/an/a
Interpump IP.MIItaly$4.57B+3%+1%14%16.8×12.6%+9.9%
Rainbow Robotics 277810.KSSouth Korea$4.59B-52%+92%-16%653.8×n/an/a
Sumitomo Heavy Industries 6302.TJapan$3.64B-10%+9%6%13.0×6.3%+4.3%
Haitian International 1882.HKHong Kong$3.64B-18%+8%17%7.4×-11.5%+7.7%

Questions

Who are Amada's main competitors?
Named competitors: Komatsu (6301.T), Bystronic (BYS.SW), Han's Laser Technology (002008.SZ), Aida Engineering (6118.T). The cockpit's measured peer set (industry) also includes Jiangsu Gao Kai Precision Fluid (688835.SS), Franklin Electric (FELE), DMG MORI Aktiengesellschaft (GIL.DE), X-Energy (XE), Krones (KRN.DE), Avic Aviation High-Technology (600862.SS).
Is Amada expensive compared with its peers?
On forward p/e it trades at 15.9× against a peer median of 19.6×, 5th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -3 pp: the price already allows for a slowdown.
How has Amada stock performed?
Over six months to 6 Nov 2026 the shares returned -19.6% against -9.8% for the median peer; over one year +13.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.