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5108

Bridgestone TSE:5108 Stock Report

Last Price

JP¥4.75k

Market Cap

JP¥3.3t

7D

-8.6%

1Y

-8.2%

Updated

02 Jul, 2022

Data

Company Financials +
5108 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends3/6

5108 Stock Overview

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products.

Bridgestone Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bridgestone
Historical stock prices
Current Share PriceJP¥4,745.00
52 Week HighJP¥5,467.00
52 Week LowJP¥4,042.00
Beta0.54
1 Month Change-8.54%
3 Month Change0.30%
1 Year Change-8.22%
3 Year Change13.00%
5 Year Change-1.02%
Change since IPO335.32%

Recent News & Updates

Shareholder Returns

5108JP Auto ComponentsJP Market
7D-8.6%-4.2%-1.1%
1Y-8.2%-14.2%-7.0%

Return vs Industry: 5108 exceeded the JP Auto Components industry which returned -14.2% over the past year.

Return vs Market: 5108 underperformed the JP Market which returned -7% over the past year.

Price Volatility

Is 5108's price volatile compared to industry and market?
5108 volatility
5108 Average Weekly Movement3.2%
Auto Components Industry Average Movement4.2%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 5108 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 5108's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1931135,636Shu Ishibashihttps://www.bridgestone.co.jp

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. It operates through two segments, Tires and Diversified Products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles, scooters, etc.; automotive parts; retreading materials and services; automotive maintenance and repair services; tire raw materials; and other tire-related products.

Bridgestone Fundamentals Summary

How do Bridgestone's earnings and revenue compare to its market cap?
5108 fundamental statistics
Market CapJP¥3.32t
Earnings (TTM)JP¥313.03b
Revenue (TTM)JP¥3.38t

10.6x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5108 income statement (TTM)
RevenueJP¥3.38t
Cost of RevenueJP¥2.01t
Gross ProfitJP¥1.37t
Other ExpensesJP¥1.05t
EarningsJP¥313.03b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)448.02
Gross Margin40.43%
Net Profit Margin9.26%
Debt/Equity Ratio17.6%

How did 5108 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 5108 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5108?

Other financial metrics that can be useful for relative valuation.

5108 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA5.3x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 5108's PE Ratio compare to its peers?

5108 PE Ratio vs Peers
The above table shows the PE ratio for 5108 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.6x
5110 Sumitomo Rubber Industries
9.8x11.5%JP¥300.6b
5101 Yokohama Rubber
7x8.9%JP¥289.7b
5105 Toyo Tire
5.4x8.7%JP¥253.2b
6902 DENSO
20.2x17.1%JP¥5.3t
5108 Bridgestone
10.6x10.2%JP¥3.3t

Price-To-Earnings vs Peers: 5108 is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

How does 5108's PE Ratio compare vs other companies in the JP Auto Components Industry?

Price-To-Earnings vs Industry: 5108 is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the JP Auto Components industry average (8.9x)


Price to Earnings Ratio vs Fair Ratio

What is 5108's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

5108 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: 5108 is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).


Share Price vs Fair Value

What is the Fair Price of 5108 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5108 (¥4745) is trading below our estimate of fair value (¥10679.5)

Significantly Below Fair Value: 5108 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 5108 is poor value based on its PEG Ratio (1x)


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Future Growth

How is Bridgestone forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5108's forecast earnings growth (10.2% per year) is above the savings rate (0.04%).

Earnings vs Market: 5108's earnings (10.2% per year) are forecast to grow faster than the JP market (8.9% per year).

High Growth Earnings: 5108's earnings are forecast to grow, but not significantly.

Revenue vs Market: 5108's revenue (4.1% per year) is forecast to grow slower than the JP market (4.5% per year).

High Growth Revenue: 5108's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 5108's Return on Equity is forecast to be low in 3 years time (12.3%).


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Past Performance

How has Bridgestone performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 5108 has high quality earnings.

Growing Profit Margin: 5108's current net profit margins (9.3%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: 5108's earnings have declined by 12.9% per year over the past 5 years.

Accelerating Growth: 5108's earnings growth over the past year (1690.2%) exceeds its 5-year average (-12.9% per year).

Earnings vs Industry: 5108 earnings growth over the past year (1690.2%) exceeded the Auto Components industry 35.9%.


Return on Equity

High ROE: 5108's Return on Equity (11.5%) is considered low.


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Financial Health

How is Bridgestone's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 5108's short term assets (¥2,347.0B) exceed its short term liabilities (¥1,003.4B).

Long Term Liabilities: 5108's short term assets (¥2,347.0B) exceed its long term liabilities (¥917.9B).


Debt to Equity History and Analysis

Debt Level: 5108 has more cash than its total debt.

Reducing Debt: 5108's debt to equity ratio has increased from 12.1% to 17.6% over the past 5 years.

Debt Coverage: 5108's debt is well covered by operating cash flow (52.7%).

Interest Coverage: 5108's interest payments on its debt are well covered by EBIT (52.5x coverage).


Balance Sheet


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Dividend

What is Bridgestone current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.58%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 5108's dividend (3.58%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).

High Dividend: 5108's dividend (3.58%) is low compared to the top 25% of dividend payers in the JP market (3.74%).


Stability and Growth of Payments

Stable Dividend: 5108's dividend payments have been volatile in the past 10 years.

Growing Dividend: 5108's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.2%), 5108's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (218.7%), 5108's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Shu Ishibashi (68 yo)

2.33yrs

Tenure

Mr. Shuichi Ishibashi, also known as Shu, serves as Director and Global Chief Executive officer at Bridgestone Corporation since 2020 and also serves as it's Representative Executive Officer since January...


Leadership Team

Experienced Management: 5108's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 5108's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bridgestone Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Bridgestone Corporation
  • Ticker: 5108
  • Exchange: TSE
  • Founded: 1931
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Implied Market Cap: JP¥3.315t
  • Shares outstanding: 698.69m
  • Website: https://www.bridgestone.co.jp

Number of Employees


Location

  • Bridgestone Corporation
  • 1-1, Kyobashi 3-chome
  • Chuo-ku
  • Tokyo
  • 104-8340
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.