BRIDGESTONE CORP chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 5,074.17
Dividend & Yield170.00¥ (3.10%)
Beta 0.54
Market capitalization 3.74T
Operating cash flow 260.95B
ESG Scores 11.2

Company description

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. It also provides vehicle parts, polyurethane foam and related products, electronic precision parts, industrial materials-related products, civil engineering and construction materials and equipment, and others; commercial roofing materials and other materials; golf balls, golf clubs, and other sporting goods; bicycles, bicycle-related goods, and others, as well as finance and other services. In addition, the company offers maintenance, IT/sensing technology, and other solutions for the mining, fleet, and agricultural sectors. It has operations in Japan, the United States, China, the Asia Pacific, Europe, Russia, the Middle East, Africa, Oceania, and internationally. The company was founded in 1931 and is headquartered in Tokyo, Japan.

Sector: Consumer Cyclical - Industry: Auto Parts

Financial Ratios
Quick Ratio1.68
Working Capital0.3
Return On Equity0.15
Debt To Equity0.14
Fixed Asset Ratio0.04
Fixed Interest Cover28.65

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 15.32B -39.65B 6.82B 88.57B
Total Cashflows From Investing Activities -243.06B -266.91B -155.38B 131.7B
Net Borrowings -24.79B 141.8B 174.26B -208.15B
Total Cash From Financing Activities -159.09B -198.6B 18.08B -379.32B
Change To Operating Activities -18.28B -10.13B 17.72B -217.44B
Issuance Of Stock
Net Income 291.64B 292.6B -23.3B 394.04B
Change In Cash -67.88B 1.4B 377.62B -23B
Effect Of Exchange Rate -26.68B 2.46B -12.03B 48.35B
Total Cash From Operating Activities 360.95B 464.46B 526.95B 281.54B
Depreciation 205.03B 229.99B 267.45B 250.45B
Change To Account Receivables -57.38B 23.82B 56.91B -69.93B
Other Cashflows From Financing Activities -14.07B -22.72B -64.65B -69.05B
Change To Netincome -155.67B -158.39B 19.94B -7.5B
Capital Expenditures -257.55B -270.53B -200.68B -161.04B

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 103.55B 105.28B 95.2B 95.48B
Income Before Tax 427.77B 407.25B 29.27B 377.59B
Net Income 291.64B 292.6B -23.3B 394.04B
Selling General Administrative 839.57B 850.01B 722.09B 743.36B
Gross Profit 1.38T 1.32T 1.09T 1.32T
Ebit 402.73B 326.1B 179.27B 394.85B
Operating Income 402.73B 326.1B 179.27B 394.85B
Interest Expense -12.81B -10.31B -17.17B -13.78B
Income Tax Expense 128.02B 108.3B 49B 63.23B
Total Revenue 3.65T 3.53T 2.99T 3.25T
Cost Of Revenue 2.27T 2.2T 1.91T 1.93T
Total Other Income ExpenseNet 25.03B 81.15B -150B -17.26B
Net Income From Continuing Ops 299.75B 298.95B -19.73B 314.36B
Net Income Applicable To Common Shares 291.64B 292.6B -23.3B 394.04B

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.43T 1.6T 1.99T 1.9T
Total Stockholder Equity 2.38T 2.29T 2.15T 2.63T
Other Current Liabilities 253.03B 294.97B 215.06B 197.35B
Total Assets 3.86T 3.95T 4.19T 4.57T
Common Stock 126.35B 126.35B 126.35B 126.35B
Other Current Assets 177.26B 135.5B 35.69B 61.34B
Retained Earnings 2.36T 2.54T 2T 2.31T
Treasury Stock -229.12B -492.36B -98.51B 73.74B
Cash 440.38B 441.25B 810.55B 787.54B
Total Current Liabilities 891.01B 838.31B 1.04T 988.92B
Other Stockholder Equity -196.47B -260.03B -59.85B 111.86B
Property, Plant, and Equipment 1.47T 1.56T 1.68T 1.72T
Total Current Assets 1.97T 1.87T 2.05T 2.29T
Net Tangible Assets 2.28T 2.09T 1.93T 2.37T
Net Receivables 579.69B 561.85B 686.34B 769.49B
Accounts Payable 233.97B 202.05B 420.14B 517.01B


Insider Transactions

Here are the insider transactions of stock shares related to BRIDGESTONE CORP:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to BRIDGESTONE CORP. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on BRIDGESTONE CORP

Here is the result of two systematic investment strategies applied to BRIDGESTONE CORP. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on BRIDGESTONE CORP

The following chart shows the equity curve of the two systematic investment strategies applied to BRIDGESTONE CORP:

BRIDGESTONE CORP automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -9.61% on the backtest period.

Performance at glance

Performance

-9.61 %

Latent gain

-1407.0 ¥

Invested capital

14637.0 ¥

Annualized return

-2.29 %
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Momentum strategy results on BRIDGESTONE CORP

This is the result of two momentum investment strategies applied to BRIDGESTONE CORP. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on BRIDGESTONE CORP

The following chart shows all the entries opened by the momentum investment system on BRIDGESTONE CORP:

BRIDGESTONE CORP momentum entries
  • The first momentum investment strategy would give -1.84% of return on BRIDGESTONE CORP. That represents -165.0¥ of latent gain with 8985.0¥ of employed capital.
  • The second momentum investment strategy would give -7.08% of return on BRIDGESTONE CORP. That represents -672.0¥ of latent gain with 9492.0¥ of employed capital.
Performance at glance (1Q Momentum)

Performance

-1.84 %

Latent gain

-165.0 ¥

Invested capital

8985.0 ¥

Annualized return

1.86 %
Performance at glance (2Q Momentum)

Performance

-7.08 %

Latent gain

-672.0 ¥

Invested capital

9492.0 ¥

Annualized return

-1.9 %

Momentum equity curve on BRIDGESTONE CORP

The following chart shows the equity curve of the two momentum strategies applied to BRIDGESTONE CORP:

BRIDGESTONE CORP momentum equity

Note: the dividends potentially given by BRIDGESTONE CORP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on BRIDGESTONE CORP

The following chart shows the employed capital evolution of the two momentum strategies on BRIDGESTONE CORP since the beginning:

BRIDGESTONE CORP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250¥, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000¥.


Buy the dip strategy result on BRIDGESTONE CORP

Buy the dip entry openings on BRIDGESTONE CORP

BRIDGESTONE CORP

The performance achieved by the robo-advisor on BRIDGESTONE CORP is 4.1%. That represents 347.0$ of latent gain with 8473.0¥ of employed capital. The following chart shows BRIDGESTONE CORP stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of BRIDGESTONE CORP, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

4.1 %

Latent gain

347.0 ¥

Invested capital

8473.0 ¥

Annualized return

1.86 %

Equity curve of the strategy applied to BRIDGESTONE CORP

The following chart shows the result of the investment strategy applied to BRIDGESTONE CORP:

BRIDGESTONE CORP

Note: the dividends potentially given by BRIDGESTONE CORP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on BRIDGESTONE CORP

The following chart shows the employed capital evolution since the beginning of the investment strategy on BRIDGESTONE CORP:

BRIDGESTONE CORP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on BRIDGESTONE CORP

In this section, I will compare the three previous investment strategies applied to BRIDGESTONE CORP.

Equity curve comparison on BRIDGESTONE CORP

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

BRIDGESTONE CORP investment strategy comparison

Employed capital comparison on BRIDGESTONE CORP

BRIDGESTONE CORP investment comparison

Performance comparison on BRIDGESTONE CORP

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -9.61% -1407.0¥ 14637.0¥ -2.29%
Momentum 1 quarter -1.84% -165.0¥ 8985.0¥ -0.46%
Momentum 2 quarters -7.08% -672.0¥ 9492.0¥ -1.9%
Non-directional 4.1% 347.0¥ 8473.0¥ 1.86%
Annualized return comparison

Automatic investment

-2.29 %

Momentum 1Q

-1.9 %

Momentum 2Q

-1.9 %

Non-directional

1.86 %

Correlated stocks

Here are the most positively and negatively correlated stocks with BRIDGESTONE CORP:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between BRIDGESTONE CORP and the other stocks. There may be false positives or some missing correlated stocks. If the price of BRIDGESTONE CORP does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name BRIDGESTONE CORP
Country Japan
City Tokyo
Address 1-1, Kyobashi 3-chome
Phone 81 3 6836 3333
Website www.bridgestone.co.jp
FullTime employees 135636
Industry Auto Parts
Sector Consumer Cyclical
Exchange XTKS
Ticker 5108.XTKS
Market www.jpx.co.jp

BRIDGESTONE CORP ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 2.9
Peer Environment Performance 3.9995238095238
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 3.0
Peer Social Performance 6.1233333333333
Social Percentile unknown
Highest Controversy 2
Peer Highest Controversy Performance 1.5
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Operations IncidentsEnvironmental Supply Chain IncidentsCustomer Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 5.2
Peer Governance Performance 6.9257142857143
Governance Percentile unknown

ESG at glance
Total ESG Scores: 11.2
Environment Score: 2.9
Social Score: 3.0
Governance Score: 5.2

ESG Performance: UNDER_PERF

Peer Group: Auto Components

Peer Esg Score Performance: 16.650416666667

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 4