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Tadano

OTCPK:TDNO.F
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TDNO.F
OTCPK
¥141B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Tadano Ltd., together with its subsidiaries, develops, produces, distributes, and services lifting equipment worldwide. The last earnings update was 29 days ago. More info.


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TDNO.F Share Price and Events
7 Day Returns
0%
OTCPK:TDNO.F
-8.8%
US Machinery
-5.6%
US Market
1 Year Returns
-
OTCPK:TDNO.F
-14.6%
US Machinery
-2.1%
US Market
TDNO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tadano (TDNO.F) 0% 0% - - - -
US Machinery -8.8% -5% -13.6% -14.6% 45.9% 22%
US Market -5.6% -5.1% -9.9% -2.1% 29.1% 40.3%
1 Year Return vs Industry and Market
  • No trading data on TDNO.F.
  • No trading data on TDNO.F.
Price Volatility
TDNO.F
Industry
5yr Volatility vs Market

Value

 Is Tadano undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tadano to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tadano.

OTCPK:TDNO.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TDNO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 30.86%) (25.36%))
1.259
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.259 * 7.05%)
11.83%

Discounted Cash Flow Calculation for OTCPK:TDNO.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tadano is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:TDNO.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (JPY, Millions) -9,597.50 7,060.00 7,973.33 12,180.00 12,360.00
Source Analyst x2 Analyst x2 Analyst x3 Analyst x1 Analyst x1
Present Value
Discounted (@ 11.83%)
-8,582.60 5,645.81 5,701.94 7,789.17 7,068.43
Present value of next 5 years cash flows ¥17,622.75
OTCPK:TDNO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ¥12,360.00 × (1 + 2.95%) ÷ (11.83% – 2.95%)
¥143,375.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ¥143,375.37 ÷ (1 + 11.83%)5
¥81,993.47
OTCPK:TDNO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ¥17,622.75 + ¥81,993.47
¥99,616.23
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥99,616.23 / 126.63
¥7.4
OTCPK:TDNO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TDNO.F represents 0.00941x of TSE:6395
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00941x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 786.67 x 0.00941
$7.40
Value per share (USD) From above. $7.40
Current discount Discount to share price of $10.50
= -1 x ($10.50 - $7.40) / $7.40
-41.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tadano is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tadano's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tadano's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TDNO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in JPY ¥59.25
TSE:6395 Share Price ** TSE (2018-09-13) in JPY ¥1116
United States of America Machinery Industry PE Ratio Median Figure of 101 Publicly-Listed Machinery Companies 18.47x
United States of America Market PE Ratio Median Figure of 2,995 Publicly-Listed Companies 17.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tadano.

OTCPK:TDNO.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6395 Share Price ÷ EPS (both in JPY)

= 1116 ÷ 59.25

18.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tadano is overvalued based on earnings compared to the US Machinery industry average.
  • Tadano is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tadano's expected growth come at a high price?
Raw Data
OTCPK:TDNO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
20.1%per year
United States of America Machinery Industry PEG Ratio Median Figure of 84 Publicly-Listed Machinery Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

OTCPK:TDNO.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.84x ÷ 20.1%

0.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tadano is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tadano's assets?
Raw Data
OTCPK:TDNO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in JPY ¥1,187.82
TSE:6395 Share Price * TSE (2018-09-13) in JPY ¥1116
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.27x
United States of America Market PB Ratio Median Figure of 5,017 Publicly-Listed Companies 1.77x
OTCPK:TDNO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6395 Share Price ÷ Book Value per Share (both in JPY)

= 1116 ÷ 1,187.82

0.94x

* Primary Listing of Tadano.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tadano is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Tadano's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Tadano has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tadano expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tadano expected to grow at an attractive rate?
  • Tadano's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Tadano's earnings growth is expected to exceed the United States of America market average.
  • Tadano's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TDNO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TDNO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 20.1%
OTCPK:TDNO.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6.3%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TDNO.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TDNO.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 206,360 15,847 14,780 5
2020-03-31 196,660 11,910 12,814 5
2019-03-31 183,440 13,228 10,763 5
OTCPK:TDNO.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-09-30 173,095 15,367 7,503
2018-06-30 173,366 9,204
2018-03-31 173,703 30,015 9,391
2017-12-31 171,616 8,918
2017-09-30 171,642 24,960 10,877
2017-06-30 172,920 9,866
2017-03-31 179,676 3,301 11,881
2016-12-31 187,698 14,431
2016-09-30 196,151 2,993 15,870
2016-06-30 206,237 18,881
2016-03-31 209,426 19,387 19,621
2015-12-31 208,686 20,139

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tadano's earnings are expected to grow significantly at over 20% yearly.
  • Tadano's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TDNO.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Tadano Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TDNO.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 115.69 137.41 97.13 5.00
2020-03-31 100.24 106.61 86.08 5.00
2019-03-31 84.33 88.10 82.13 4.00
OTCPK:TDNO.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-09-30 59.25
2018-06-30 72.68
2018-03-31 74.16
2017-12-31 70.42
2017-09-30 85.89
2017-06-30 77.91
2017-03-31 93.83
2016-12-31 113.96
2016-09-30 125.33
2016-06-30 149.10
2016-03-31 154.93
2015-12-31 159.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tadano is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tadano's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tadano has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tadano performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tadano's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tadano's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Tadano's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tadano's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Tadano's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tadano Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TDNO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 173,095.00 7,503.00 24,244.00 6,683.00
2018-06-30 173,366.00 9,204.00 24,063.00 6,363.00
2018-03-31 173,703.00 9,391.00 23,729.00 6,149.00
2017-12-31 171,616.00 8,918.00 23,990.00 5,724.00
2017-09-30 171,642.00 10,877.00 23,603.00 5,741.00
2017-06-30 172,920.00 9,866.00 23,974.00 5,880.00
2017-03-31 179,676.00 11,881.00 23,954.00 5,993.00
2016-12-31 187,698.00 14,431.00 24,673.00 5,907.00
2016-09-30 196,151.00 15,870.00 24,601.00 5,879.00
2016-06-30 206,237.00 18,881.00 24,471.00 5,783.00
2016-03-31 209,426.00 19,621.00 24,470.00 5,611.00
2015-12-31 208,686.00 20,139.00 24,439.00 5,365.00
2015-09-30 210,127.00 21,089.00 24,426.00 5,205.00
2015-06-30 205,153.00 20,526.00 24,003.00 5,012.00
2015-03-31 204,059.00 19,483.00 23,739.00 4,876.00
2014-12-31 201,119.00 18,555.00 23,589.00 4,809.00
2014-09-30 193,131.00 16,169.00 22,855.00 4,731.00
2014-06-30 187,732.00 14,137.00 22,392.00 4,600.00
2014-03-31 181,764.00 14,410.00 22,353.00 4,497.00
2013-12-31 166,483.00 12,758.00 20,769.00 4,297.00
2013-09-30 159,128.00 12,510.00 19,815.00 4,182.00
2013-06-30 144,710.00 10,685.00 18,428.00 4,109.00
2013-03-31 134,836.00 7,341.00 17,462.00 3,998.00
2012-12-31 133,358.00 6,861.00 16,964.00 3,911.00
2012-09-30 126,256.00 4,204.00 16,703.00 3,763.00
2012-06-30 122,855.00 3,896.00 16,497.00 3,584.00
2012-03-31 114,209.00 3,145.00 15,483.00 3,480.00
2011-12-31 105,214.00 -1,527.00 14,002.00 3,514.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tadano has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tadano used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Tadano's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tadano's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tadano has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tadano's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tadano's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tadano is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tadano's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tadano's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tadano Company Filings, last reported 2 months ago.

OTCPK:TDNO.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 150,978.00 35,841.00 78,680.00
2018-06-30 148,941.00 33,710.00 80,619.00
2018-03-31 150,043.00 33,750.00 86,854.00
2017-12-31 147,807.00 35,869.00 80,573.00
2017-09-30 147,425.00 36,643.00 81,660.00
2017-06-30 142,357.00 36,366.00 72,133.00
2017-03-31 142,548.00 37,234.00 68,745.00
2016-12-31 137,540.00 37,597.00 68,492.00
2016-09-30 135,513.00 37,300.00 66,798.00
2016-06-30 135,306.00 37,304.00 69,280.00
2016-03-31 134,796.00 36,868.00 73,618.00
2015-12-31 132,302.00 37,376.00 77,556.00
2015-09-30 130,250.00 37,415.00 70,885.00
2015-06-30 123,760.00 36,459.00 61,503.00
2015-03-31 122,139.00 37,619.00 61,533.00
2014-12-31 114,867.00 49,585.00 74,189.00
2014-09-30 109,522.00 48,756.00 65,760.00
2014-06-30 104,560.00 50,113.00 59,740.00
2014-03-31 102,964.00 38,232.00 48,365.00
2013-12-31 97,949.00 35,957.00 48,547.00
2013-09-30 95,897.00 38,620.00 44,384.00
2013-06-30 91,103.00 39,182.00 42,413.00
2013-03-31 86,673.00 38,704.00 39,582.00
2012-12-31 81,587.00 37,557.00 37,758.00
2012-09-30 78,924.00 39,389.00 39,441.00
2012-06-30 79,043.00 40,381.00 40,134.00
2012-03-31 78,518.00 38,100.00 40,225.00
2011-12-31 76,210.00 38,934.00 39,040.00
  • Tadano's level of debt (23.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40.2% vs 23.7% today).
  • Debt is well covered by operating cash flow (42.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 57.8x coverage).
X
Financial health checks
We assess Tadano's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tadano has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tadano's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.33%
Current annual income from Tadano dividends. Estimated to be 2.6% next year.
If you bought $2,000 of Tadano shares you are expected to receive $47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tadano's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Tadano's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TDNO.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1981 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TDNO.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 32.40 5.00
2020-03-31 28.60 5.00
2019-03-31 26.00 5.00
OTCPK:TDNO.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-11-12 26.000 2.019
2018-10-30 26.000 2.096
2018-05-28 26.000 1.998
2018-02-14 26.000 1.620
2018-01-31 26.000 1.478
2017-11-13 26.000 1.411
2017-10-30 26.000 1.502
2017-06-28 26.000 1.964
2017-04-28 26.000 1.953
2017-02-13 26.000 1.843
2017-01-31 26.000 1.817
2016-11-11 26.000 1.851
2016-10-31 26.000 2.370
2016-06-27 26.000 2.655
2016-04-28 26.000 2.677
2016-02-10 26.000 2.545
2016-01-29 26.000 2.421
2015-11-11 26.000 1.837
2015-10-30 26.000 1.699
2015-06-25 25.000 1.545
2015-04-28 25.000 1.432
2015-02-12 22.000 1.399
2015-01-30 22.000 1.527
2014-11-12 22.000 1.446
2014-10-30 22.000 1.310
2014-06-26 20.000 1.116
2014-04-28 20.000 1.317
2014-02-12 18.000 1.380
2014-01-31 18.000 1.379
2013-11-12 18.000 1.300
2013-10-29 18.000 1.378
2013-07-26 16.000 1.179
2013-06-14 12.000 0.863
2013-02-12 10.000 0.921
2013-01-31 10.000 1.129
2012-11-12 10.000 1.492
2012-10-26 10.000 1.674
2012-07-27 10.000 1.743
2012-06-25 10.000 1.764
2012-04-27 10.000 1.758
2012-01-31 5.000 0.879
2011-10-28 5.000 1.005
2011-07-29 3.000 0.628
2011-04-28 3.000 0.676
2011-01-28 3.000 0.649
2010-10-29 5.000 1.201
2010-07-28 5.000 1.218
2010-06-28 5.000 1.136
2010-04-28 5.000 1.132
2010-02-10 8.000 1.731
2010-01-29 8.000 1.905
2009-10-30 8.000 1.909
2009-06-24 10.000 2.256
2009-05-08 10.000 2.079
2009-02-12 16.000 3.966
2009-01-30 16.000 4.165
2008-12-12 16.000 3.563

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tadano's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tadano's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tadano afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tadano has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tadano's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Koichi Tadano
CEO Bio

Mr. Koichi Tadano serves as the Chief Executive Officer and President of Tadano Group at FAUN GmbH. Mr. Tadano serves as the Chief Executive Officer, President and Representative Director of Tadano Ltd. and also served as its Senior Executive Officer.

CEO Compensation
  • Insufficient data for Koichi to compare compensation growth.
  • Insufficient data for Koichi to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Koichi Tadano

TITLE
President

Tadashi Suzuki

TITLE
Executive VP & Representative Director
AGE
69

Tamaki Okuyama

TITLE
Senior Executive Officer & Director
TENURE
1.7 yrs

Kenichi Sawada

TITLE
Executive Officer
TENURE
1.7 yrs

Chikashi Kawamoto

TITLE

Yoichiro Nishi

TITLE
Executive Officer & Director

Shinichi Iimura

TITLE
Executive Officer

Toshiyuki Takanashi

TITLE
Executive Officer

Jian Cheng

TITLE

Hiroyuki Fujino

TITLE
Board of Directors

Tadashi Suzuki

TITLE
Executive VP & Representative Director
AGE
69

Tamaki Okuyama

TITLE
Senior Executive Officer & Director

Yoichiro Nishi

TITLE
Executive Officer & Director

Nobuhiko Ito

TITLE
Outside Director
AGE
71

Koichi Tadano

TITLE
President

Yasuyuki Yoshida

TITLE
Outside Director

Akihiko Kitamura

TITLE
Audit & Supervisory Board Member
TENURE
1.5 yrs

Yoshihito Kodama

TITLE
Audit & Supervisory Board Member

Yuichiro Miyake

TITLE
Outside Audit & Supervisory Board Member
AGE
71

Kazushi Inokawa

TITLE
Outside Audit & Supervisory Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Tadano's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tadano has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Company Info

Map
Description

Tadano Ltd., together with its subsidiaries, develops, produces, distributes, and services lifting equipment worldwide. The company offers all terrain, rough terrain, truck, telescopic boom crawler, loader, and boom truck cranes; aerial work platforms, such as truck mounted aerial work and self-propelled aerial work platforms; special purpose vehicles comprising bridge inspection vehicles and digger derricks; and used equipment. It also provides components, such as hydraulic cylinders. The company was formerly known as Tadano Iron Works Co., Ltd. and changed its name to Tadano Ltd. in 1989. Tadano Ltd. was founded in 1919 and is headquartered in Kagawa, Japan.

Details
Name: Tadano Ltd.
TDNO.F
Exchange: OTCPK
Founded: 1919
¥1,251,337,938
126,630,690
Website: http://www.tadano.co.jp
Address: Tadano Ltd.
Ko-34, Shinden-cho,
Takamatsu,
Kagawa,
Kagawa, 761-0185,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6395 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK TDNO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,311
Tadano employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/11 01:53
End of day share price update: 2018/09/13 00:00
Last estimates confirmation: 2018/12/06
Last earnings filing: 2018/11/12
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.