Company Valuation: Bridgestone Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,382,736 3,485,258 3,248,104 3,998,165 3,656,907 4,429,737 4,429,737 -
Change - 46.27% -6.8% 23.09% -8.54% 21.13% 0% -
Enterprise Value (EV) 1 2,571,104 3,204,364 3,496,367 3,771,427 3,328,556 4,172,636 4,281,830 4,209,689
Change - 24.63% 9.11% 7.87% -11.74% 25.36% 2.62% -1.68%
P/E ratio -102x 8.84x 10.9x 12.1x 12.8x 14.3x 11.9x 10.4x
PBR 1.11x 1.33x 1.08x 1.19x 0.98x 1.23x 1.17x 1.13x
PEG - -0x -0.5x 1x -0.9x 0.8x 0.3x 0.7x
Capitalization / Revenue 0.8x 1.07x 0.79x 0.93x 0.83x 1.02x 0.97x 0.95x
EV / Revenue 0.86x 0.99x 0.85x 0.87x 0.75x 0.95x 0.93x 0.9x
EV / EBITDA 7.75x 5.11x 4.83x 4.79x 4.21x 5.27x 4.83x 4.48x
EV / EBIT 40.1x 8.5x 7.92x 7.83x 7.51x 9.54x 8.08x 7.28x
EV / FCF 6.92x 7.75x -50.3x 10.4x 11.3x 21.1x 15.5x 13.5x
FCF Yield 14.5% 12.9% -1.99% 9.64% 8.83% 4.73% 6.46% 7.42%
Dividend per Share 2 55 85 87.5 100 105 125 139.4 162.9
Rate of return 3.25% 3.44% 3.73% 3.42% 3.93% 3.56% 4.01% 4.69%
EPS 2 -16.54 279.8 216.1 242 208.1 246 291.6 335.2
Distribution rate -332% 30.4% 40.5% 41.3% 50.5% 50.8% 47.8% 48.6%
Net sales 1 2,994,524 3,246,057 4,110,070 4,313,800 4,430,096 4,429,452 4,580,401 4,684,548
EBITDA 1 331,568 627,247 723,406 787,580 791,377 729,295 886,307 940,311
EBIT 1 64,114 376,799 441,298 481,775 443,319 381,237 530,006 578,329
Net income 1 -23,301 394,037 300,367 331,305 284,989 327,264 362,243 403,035
Net Debt 1 188,368 -280,894 248,263 -226,738 -328,351 -257,101 -147,907 -220,047
Reference price 2 1,692.00 2,474.50 2,345.50 2,920.00 2,670.00 3,475.00 3,475.00 3,475.00
Nbr of stocks (in thousands) 1,408,236 1,408,470 1,384,824 1,369,234 1,369,628 1,274,744 1,274,744 -
Announcement Date 2/16/21 2/15/22 2/16/23 2/16/24 2/17/25 2/16/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.45x0.95x5.28x3.31% 28.13B
13.63x0.94x5.32x4.17% 24.92B
11.87x1.38x7.69x3.28% 6.75B
11.19x1.17x7.12x1.77% 6.61B
10.24x - - - 6.54B
32.54x - - 1.48% 6.19B
8.99x0.94x4.12x3.32% 3.88B
12.19x0.68x5.14x3.19% 3.78B
14.02x0.43x4.44x-.--% 2.23B
9.29x0.39x4.46x2.24% 2.01B
Average 14.04x 0.86x 5.44x 2.53% 9.1B
Weighted average by Cap. 14.89x 0.96x 5.54x 3.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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