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Bridgestone Corp
TSE:5108

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Bridgestone Corp Logo
Bridgestone Corp
TSE:5108
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Price: 6 691 JPY -0.51% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

Bridgestone Corp. engages in the manufacture and sale of tires and rubber products. [ Read More ]

The intrinsic value of one Bridgestone Corp stock under the Base Case scenario is 11 064.16 JPY. Compared to the current market price of 6 691 JPY, Bridgestone Corp is Undervalued by 40%.

Key Points:
Intrinsic Value
Base Case
11 064.16 JPY
Undervaluation 40%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Bridgestone Corp

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Fundamental Analysis

Strengthening Amidst Challenges
2023-Q3 Earnings Call

Strengthening Amidst Challenges

In a challenging global environment, marked by a weakened business foundation in Europe and supply chain headwinds, Bridgestone reaffirmed its commitment to resilience. The company is doubling down on its premium product focus, especially as passenger car tire demand shows recovery in North America and resilience in the high rim diameter (HRD) tire segment. Despite a downturn in truck and bus tire demand, Bridgestone expects to grow its HRD and mining tire sales, projecting relative strength in these areas. A focus on expense management and productivity improvements helped counteract rising raw materials and labor costs, leading to year-on-year increases in revenue and adjusted operating profit. However, profit margins fell slightly, necessitating further quality improvements. There are no changes to the 2023 financial guidance from February, with a currency assumption of JPY 130 to the dollar and JPY 150 to the euro.

Financials

Balance Sheet Decomposition
Bridgestone Corp

Current Assets 2.7T
Cash & Short-Term Investments 735.4B
Receivables 952.3B
Other Current Assets 1T
Non-Current Assets 2.7T
Long-Term Investments 172.4B
PP&E 2.1T
Intangibles 350.8B
Other Non-Current Assets 149.5B
Current Liabilities 1.3T
Accounts Payable 599.2B
Other Current Liabilities 665.6B
Non-Current Liabilities 809.4B
Long-Term Debt 510.8B
Other Non-Current Liabilities 298.6B
Efficiency

Earnings Waterfall
Bridgestone Corp

Revenue
4.3T JPY
Cost of Revenue
-2.7T JPY
Gross Profit
1.7T JPY
Operating Expenses
-1.2T JPY
Operating Income
475.9B JPY
Other Expenses
-144.5B JPY
Net Income
331.3B JPY

Free Cash Flow Analysis
Bridgestone Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

Profitability Score
Profitability Due Diligence

Bridgestone Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Years Revenue Growth
ROIC is Increasing
ROE is Increasing
56/100
Profitability
Score

Bridgestone Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Bridgestone Corp's solvency score is 78/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
Low D/E
Long-Term Solvency
Short-Term Solvency
78/100
Solvency
Score

Bridgestone Corp's solvency score is 78/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Bridgestone Corp

Wall Street analysts forecast Bridgestone Corp stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Bridgestone Corp is 6 747.69 JPY with a low forecast of 5 959 JPY and a high forecast of 7 665 JPY.

Lowest
Price Target
5 959 JPY
11% Downside
Average
Price Target
6 747.69 JPY
1% Upside
Highest
Price Target
7 665 JPY
15% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
Bridgestone Corp

1M 1M
+5%
6M 6M
+13%
1Y 1Y
+28%
3Y 3Y
+57%
5Y 5Y
+81%
10Y 10Y
+151%
Annual Price Range
6 691
52w Low
5 116
52w High
6 786
Price Metrics
Average Annual Return 8.56%
Standard Deviation of Annual Returns 30.29%
Max Drawdown -35%
Shares Statistics
Market Capitalization 4.6T JPY
Shares Outstanding 685 408 000
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

What is price return decomposition?

News

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Company Profile

Bridgestone Corp Logo
Bridgestone Corp

Country

Japan

Industry

Auto Components

Market Cap

4.6T JPY

Dividend Yield

3.12%

Description

Bridgestone Corp. engages in the manufacture and sale of tires and rubber products. The company is headquartered in Chuo-Ku, Tokyo-To and currently employs 135,636 full-time employees. The firm operates its business through two business segments. Tire segment is involved in the provision of tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial vehicles, agricultural machinery, aircraft and motorcycles. The Segment also provides tire related products, retread materials and related technologies, automobile maintenance and repair services, as well as tire raw materials. Diversification segment provides chemical products, such as automobile related parts, urethane foam and related goods, electronic precision parts, industrial materials related goods and building materials related products, roofing materials, as well as sports goods, such as golf balls and golf clubs. The Segment also provides bicycles and bicycle-related products and conducts finance business.

Contact

TOKYO-TO
Chuo-Ku
20F-24F, Tokyo Square Garden, 3-1-1, Kyobashi
+81368363001.0
https://www.bridgestone.co.jp/

IPO

1961-10-02

Employees

135 636

Officers

Global CEO, Representative Executive Officer & Director
Mr. Shuichi Ishibashi
Joint Global COO, Representative Executive Officer & Director
Mr. Masahiro Higashi
Joint Global COO, Executive VP, Executive Officer & Global Chief Business Solutions Officer
Dr. Paolo Ferrari
CTO & Senior Managing Executive Officer
Masato Sakano
Chief Compliance Officer of Legal Affairs and Intellectual Property, VP & Senior Officer
Mr. Hidekazu Kimizu
Global Chief Communication Officer, Global Public Relations, Global Business Support
Yoshikazu Shida
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Chief Marketing Officer, VP & Senior Officer
Motoi Mochizuki
Chief Risk Officer, Chief Human Rights Offcr, HR & General Affrs, VP & Officer of Corporate Planning
Masayuki Ishii
Chief Quality Officer, VP & Officer of Mining, Aircraft, Agriculture Solutions, Production & Admin
Mahito Fuji
Global Chief Business Strategic Officer & Senior Managing Executive Officer
Mr. Thomas Joseph Higgins
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See Also

Discover More
What is the Intrinsic Value of one Bridgestone Corp stock?

The intrinsic value of one Bridgestone Corp stock under the Base Case scenario is 11 064.16 JPY.

Is Bridgestone Corp stock undervalued or overvalued?

Compared to the current market price of 6 691 JPY, Bridgestone Corp is Undervalued by 40%.