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TADANO Ltd.6395.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Trucks/Construction/Farm Machinery

One of the world's largest makers of mobile cranes and aerial work platforms for construction and infrastructure use.

≈ A global crane maker comparable to Manitowoc or TerexMomentum weak 39
Mkt cap
$1.02B
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$3.48M
20-day average traded
Fwd P/E
10.8×
forward earnings
ROIC−WACC
+1.4 pp
WACC 7.1%
Hurdle
n/a
no reverse DCF
Next earnings
102 days
16 Feb 2027
Close · JPY¥1,266
1D-7.1%
1W-1.7%
1M-6.7%
3M-5.1%
6M-7.9%
YTD+19.3%
1Y+15.1%
ATR %3.9%
52w lowhigh18.4% off high

What TADANO does

One of the world's largest makers of mobile cranes and aerial work platforms for construction and infrastructure use.

Sells cranes through dealers and direct, and earns recurring income from parts, service and used-crane trade on its installed base. Most sales are outside Japan, and its 2019 acquisition of Demag, a German crane maker, widened the large all-terrain crane range.

In one line: A global crane maker comparable to Manitowoc or Terex.

Products and services

  • Rough-terrain/truck cranes
  • All-terrain cranes
  • Aerial work platforms

Customers

  • Construction, infrastructure and rental-fleet comp

Where it sits in the supply chain

  • Industrials
  • Construction machinery
  • Mobile cranes & aerial work platforms

What could go right

  • Global infrastructure/construction capex

What could go wrong

  • Construction-cycle sensitivity
  • Competition from lower-cost Chinese crane makers

Moat: narrow (brand, installed base). Global installed base and decades of crane engineering support brand loyalty and aftermarket parts/service revenue.

Headquarters: Takamatsu, Kagawa, Japan · Founded: 1919 · Employees: 5,997

Named competitors

TADANO at a glance

Size TADANO (6395.T) is a Japan Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.02B, the 731st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,266 on 6 Nov 2026.

Performance Over six months the shares fell 7.9%, against -19.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 21.1% over the last twelve months (peer median +12.7%); the operating margin is 9.1% (peer median 9.6%).

Valuation It trades at 10.8× forward earnings against a peer median of 18.9× (4th cheapest of 13).

Capital Return on invested capital runs 1.4 points above its cost of capital (7.1% WACC).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 20266395.T 91Peer median 80
Six months, rebased to 100: TADANO against the median of its 20 peers (local-currency closes).

TADANO financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥387B¥349B¥292B¥280B¥257B
Revenue growth—+20%+4%+9%—
Gross profit¥117B¥88.8B¥82.0B¥73.6B¥64.2B
EBITDA¥45.6B¥28.5B¥30.7B¥24.4B¥16.1B
Net income¥24.2B¥18.3B¥6.64B¥7.77B¥2.95B
Free cash flown/a-¥12.7B-¥7.69B¥7.01B-¥24.2B
Capital expendituren/a¥10.3B¥7.72B¥3.12B¥3.79B
Total debt¥140B¥146B¥122B¥91.3B¥98.3B

Quarterly statements and history in the cockpit →

TADANO 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%-20%-10%0%+10%NWG002097TITAGARH002667LNNVOS4392606001696250JWL300486071970002651300440KMEWENGCON-B300159ASBPLOW6395.T6-month return →1-month return →
Up and to the right = strong over both horizons. TADANO is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×20×30×NWGTITAGARHLNNVOS4392606250JWL071970ENGCON-B601890ASBPLOW6395.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. TADANO is the large dot.

TADANO competitors and peer comparison

Head to head with its named competitors (6395.T vs MTW vs TEX vs 000425.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
TADANO 6395.T$1.02B-8%+21%9%10.8×n/a
Manitowoc MTW$808M-3%+9%3%16.2×11.2%
Terex TEX$6.18B-14%+40%7%9.9×12.1%
XCMG Construction Machinery 000425.SZ$12.6B-28%+8%8%11.0×-3.2%

How TADANO 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.

TADANO against its 20 peers (data as of 6 Nov 2026)
Measure6395.TPeer medianRank in peer set
1-month return-6.7%-7.5%10th highest of 21
6-month return-7.9%-19.8%7th highest of 21
Distance from 52-week high-18.4%-39.5%3rd highest of 21
Revenue growth (TTM)+21.1%+12.7%8th highest of 21
Operating margin9.1%9.6%10th lowest of 21
Forward P/E10.8×18.9×4th cheapest of 13
ROIC minus cost of capital+1.4 pp-1.8 pp10th highest of 21
EV / EBITDA5.0×11.6×2nd cheapest of 12
Net debt / EBITDA1.4×0.5×4th most 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
TADANO 6395.TJapan$1.02B-8%+21%9%10.8×n/an/a
Newag NWG.WAPoland$1.04B-16%+45%21%11.9×-4.3%+12.6%
Sunward Intelligent Equipment 002097.SZChina$985M-38%+10%1%n/an/an/a
Titagarh Rail Systems TITAGARH.NSIndia$967M-20%-10%10%34.8×45.4%+15.9%
Willing New Energy 002667.SZChina$1.08B-20%+49%-44%n/an/an/a
Lindsay LNNUnited States$1.08B-3%-6%11%20.4×6.0%+2.3%
Vossloh Aktiengesellschaft VOS.DEGermany$1.08B-31%+21%5%21.7×12.9%+9.1%
DAEHAN SHIPBUILDING 439260.KSSouth Korea$955M-62%+14%26%4.4×n/an/a
Taiyuan Heavy Industry 600169.SSChina$1.10B-8%+10%6%n/a-3.8%+3.7%
Yamabiko 6250.TJapan$1.11B+8%+10%13%9.9×-2.2%+5.7%
Jupiter Wagons JWL.NSIndia$896M-35%-12%10%32.8×n/an/a
OMH SCIENCE 300486.SZChina$1.17B-30%+35%2%n/a47.7%-0.3%
HD-Hyundai Marine Engine 071970.KSSouth Korea$887M-66%+54%26%8.7×-9.8%+10.2%
Chengdu Leejun Industrial 002651.SZChina$1.17B-20%+7%-6%n/a15.0%-2.3%
Chengdu Yunda Technology 300440.SZChina$1.17B-1%+9%6%n/a42.0%+8.7%
Knowledge Marine & Engineering Works KMEW.NSIndia$876M+44%+57%40%n/an/an/a
engcon ENGCON-B.STSweden$876M-13%+16%16%29.7×7.0%+11.9%
Xinjiang Machinery Research Institute 300159.SZChina$1.21B-28%+28%-40%n/an/an/a
Asian Star Anchor Chain 601890.SSChina$1.22B-23%+2%13%19.6×10.7%+13.5%
Austal ASB.AXAustralia$1.23B0%+11%-7%18.1×n/an/a
Douglas Dynamics PLOWUnited States$839M-20%+23%13%11.0×5.6%+6.4%

Questions

Who are TADANO's main competitors?
Named competitors: Manitowoc (MTW), Terex (TEX), XCMG (000425.SZ). The cockpit's measured peer set (industry) also includes Newag (NWG.WA), Sunward Intelligent Equipment (002097.SZ), Titagarh Rail Systems (TITAGARH.NS), Willing New Energy (002667.SZ), Lindsay (LNN), Vossloh Aktiengesellschaft (VOS.DE).
Is TADANO expensive compared with its peers?
On forward p/e it trades at 10.8× against a peer median of 18.9×, 4th cheapest of 13 in its peer set.
How has TADANO stock performed?
Over six months to 6 Nov 2026 the shares returned -7.9% against -19.8% for the median peer; over one year +15.1%.

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.