BRIDGESTONE CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,725 JPY | +0.21% |
|
+0.49% | +15.15% |
| 12/03 | GXO Logistics Names Nizar Trigui Chief Technology Officer | MT |
| 07/03 | Vietnam's 'bamboo diplomacy' shifts into higher gear | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,65,428 | 23,82,736 | 34,85,258 | 32,48,104 | 39,98,165 | 46,04,051 | - | - |
| Enterprise Value (EV) 1 | 28,85,586 | 25,71,104 | 32,04,364 | 34,96,367 | 37,71,427 | 44,00,461 | 43,76,610 | 43,21,115 |
| P/E ratio | 10.1 x | -102 x | 8.84 x | 10.9 x | 12.1 x | 12.2 x | 11.3 x | 10.5 x |
| Yield | 3.93% | 3.25% | 3.44% | 3.73% | 3.42% | 3.27% | 3.58% | 3.91% |
| Capitalization / Revenue | 0.81 x | 0.8 x | 1.07 x | 0.79 x | 0.93 x | 1.02 x | 0.98 x | 0.94 x |
| EV / Revenue | 0.82 x | 0.86 x | 0.99 x | 0.85 x | 0.87 x | 0.97 x | 0.93 x | 0.88 x |
| EV / EBITDA | 5.25 x | 7.75 x | 5.11 x | 4.83 x | 4.79 x | 5.09 x | 4.76 x | 4.42 x |
| EV / FCF | 14.9 x | 6.92 x | 7.75 x | -50.3 x | 10.4 x | 20.6 x | 17.6 x | 15.1 x |
| FCF Yield | 6.72% | 14.5% | 12.9% | -1.99% | 9.64% | 4.86% | 5.68% | 6.62% |
| Price to Book | 1.25 x | 1.11 x | 1.33 x | 1.08 x | 1.19 x | 1.3 x | 1.21 x | 1.14 x |
| Nbr of stocks (in thousands) | 7,04,036 | 7,04,118 | 7,04,235 | 6,92,412 | 6,84,617 | 6,84,617 | - | - |
| Reference price 2 | 4,070 | 3,384 | 4,949 | 4,691 | 5,840 | 6,725 | 6,725 | 6,725 |
| Announcement Date | 17/02/20 | 16/02/21 | 15/02/22 | 16/02/23 | 16/02/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,25,600 | 29,94,524 | 32,46,057 | 41,10,070 | 43,13,800 | 45,13,845 | 47,01,760 | 49,13,253 |
| EBITDA 1 | 5,49,198 | 3,31,568 | 6,27,247 | 7,23,406 | 7,87,580 | 8,64,343 | 9,18,673 | 9,78,179 |
| EBIT 1 | 3,26,098 | 64,114 | 3,76,799 | 4,41,298 | 4,81,775 | 5,41,138 | 5,81,139 | 6,23,160 |
| Operating Margin | 9.25% | 2.14% | 11.61% | 10.74% | 11.17% | 11.99% | 12.36% | 12.68% |
| Earnings before Tax (EBT) 1 | 4,07,251 | 29,266 | 3,77,594 | 4,23,458 | 4,44,154 | 5,33,826 | 5,71,965 | 6,18,025 |
| Net income 1 | 2,92,598 | -23,301 | 3,94,037 | 3,00,367 | 3,31,305 | 3,79,602 | 4,08,303 | 4,41,798 |
| Net margin | 8.3% | -0.78% | 12.14% | 7.31% | 7.68% | 8.41% | 8.68% | 8.99% |
| EPS 2 | 405.0 | -33.09 | 559.6 | 432.3 | 484.0 | 551.0 | 594.7 | 642.8 |
| Free Cash Flow 1 | 1,93,927 | 3,71,569 | 4,13,239 | -69,521 | 3,63,714 | 2,13,662 | 2,48,754 | 2,85,922 |
| FCF margin | 5.5% | 12.41% | 12.73% | -1.69% | 8.43% | 4.73% | 5.29% | 5.82% |
| FCF Conversion (EBITDA) | 35.31% | 112.06% | 65.88% | - | 46.18% | 24.72% | 27.08% | 29.23% |
| FCF Conversion (Net income) | 66.28% | - | 104.87% | - | 109.78% | 56.29% | 60.92% | 64.72% |
| Dividend per Share 2 | 160.0 | 110.0 | 170.0 | 175.0 | 200.0 | 219.6 | 240.6 | 262.8 |
| Announcement Date | 17/02/20 | 16/02/21 | 15/02/22 | 16/02/23 | 16/02/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,80,938 | 13,55,470 | 16,39,054 | 15,68,789 | 8,32,969 | 8,44,299 | 16,77,268 | 8,91,011 | 9,95,330 | 18,86,341 | 10,90,582 | 11,33,147 | 10,43,541 | 10,58,165 | 21,01,706 | 10,96,438 | 11,15,656 | 10,78,253 | 11,24,204 | 21,55,000 | 11,62,650 | 12,27,503 |
| EBITDA 1 | - | - | - | - | 1,60,103 | 1,75,744 | - | 1,53,268 | 1,54,714 | - | 2,08,794 | 2,06,630 | 1,99,742 | 1,97,553 | - | 2,06,027 | 1,84,258 | 2,13,954 | 2,12,253 | - | 2,21,259 | 1,95,941 |
| EBIT 1 | 1,67,689 | 19,762 | 44,352 | 1,69,698 | 96,073 | 1,11,028 | - | 87,632 | 86,360 | 1,73,992 | 1,33,237 | 1,34,069 | 1,27,501 | 1,23,119 | 2,50,620 | 1,25,175 | 1,05,980 | 1,17,283 | 1,42,483 | 2,91,000 | 1,41,617 | 1,43,080 |
| Operating Margin | 9.42% | 1.46% | 2.71% | 10.82% | 11.53% | 13.15% | - | 9.84% | 8.68% | 9.22% | 12.22% | 11.83% | 12.22% | 11.64% | 11.92% | 11.42% | 9.5% | 10.88% | 12.67% | 13.5% | 12.18% | 11.66% |
| Earnings before Tax (EBT) 1 | - | -11,152 | - | 1,69,940 | 95,024 | 1,12,630 | - | 93,109 | 87,055 | 1,80,164 | 1,24,141 | 1,19,153 | 1,26,730 | 1,17,747 | 2,44,477 | 1,12,588 | 87,089 | 97,500 | 1,51,050 | 2,67,500 | 1,39,300 | 1,46,700 |
| Net income 1 | 1,73,815 | -22,044 | -1,257 | 3,52,320 | 70,528 | -28,811 | - | 53,836 | 39,106 | 92,942 | 95,806 | 1,11,619 | 90,499 | 92,144 | 1,82,643 | 84,089 | 64,573 | 79,818 | 99,942 | - | 95,366 | 97,614 |
| Net margin | 9.76% | -1.63% | -0.08% | 22.46% | 8.47% | -3.41% | - | 6.04% | 3.93% | 4.93% | 8.78% | 9.85% | 8.67% | 8.71% | 8.69% | 7.67% | 5.79% | 7.4% | 8.89% | - | 8.2% | 7.95% |
| EPS 2 | - | -31.31 | - | 500.4 | 100.1 | -40.93 | - | 76.63 | 56.07 | 132.7 | 137.8 | 161.8 | 132.2 | 134.6 | 266.8 | 122.8 | 94.31 | 139.9 | 149.8 | - | 139.6 | 146.7 |
| Dividend per Share | - | 50.00 | - | 85.00 | - | - | - | - | - | 85.00 | - | - | - | 100.0 | 100.0 | - | - | - | - | - | - | - |
| Announcement Date | 17/02/20 | 07/08/20 | 16/02/21 | 10/08/21 | 11/11/21 | 15/02/22 | 15/02/22 | 11/05/22 | 10/08/22 | 10/08/22 | 10/11/22 | 16/02/23 | 15/05/23 | 09/08/23 | 09/08/23 | 10/11/23 | 16/02/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 20,158 | 1,88,368 | - | 2,48,263 | - | - | - | - |
| Net Cash position 1 | - | - | 2,80,894 | - | 2,26,738 | 2,03,590 | 2,27,440 | 2,82,936 |
| Leverage (Debt/EBITDA) | 0.0367 x | 0.5681 x | - | 0.3432 x | - | - | - | - |
| Free Cash Flow 1 | 1,93,927 | 3,71,569 | 4,13,239 | -69,521 | 3,63,714 | 2,13,662 | 2,48,754 | 2,85,922 |
| ROE (net income / shareholders' equity) | 12.5% | -1% | 16.5% | 10.7% | 10.5% | 10.9% | 11.2% | 11.3% |
| ROA (Net income/ Total Assets) | 8.11% | 0.72% | 8.62% | 8.88% | 8.55% | 8.21% | 8.32% | 8.54% |
| Assets 1 | 36,06,510 | -32,38,814 | 45,72,935 | 33,82,287 | 38,74,935 | 46,22,807 | 49,06,404 | 51,74,798 |
| Book Value Per Share 2 | 3,250 | 3,053 | 3,734 | 4,334 | 4,898 | 5,178 | 5,537 | 5,889 |
| Cash Flow per Share 2 | 714.0 | 347.0 | 915.0 | 838.0 | 931.0 | 1,006 | 1,111 | 1,167 |
| Capex 1 | 4,13,896 | 2,00,677 | 1,61,040 | 3,17,100 | 3,42,937 | 4,43,279 | 4,91,691 | 4,94,093 |
| Capex / Sales | 11.74% | 6.7% | 4.96% | 7.72% | 7.95% | 9.82% | 10.46% | 10.06% |
| Announcement Date | 17/02/20 | 16/02/21 | 15/02/22 | 16/02/23 | 16/02/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
6,725
JPY
Average target price
6,773
JPY
Spread / Average Target
+0.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.15% | 29.25B | |
| +9.74% | 27.19B | |
| +40.43% | 7.18B | |
| +22.39% | 4.04B | |
| -17.32% | 3.36B | |
| +41.51% | 3.29B | |
| +20.79% | 3.09B | |
| +21.78% | 2.81B | |
| -3.24% | 2.24B | |
| +9.95% | 1.34B |
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