Is Goodyear Tire Stock a Good Investment?
Goodyear Tire Investment Advice | GT |
- Examine Goodyear Tire's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Goodyear Tire's leadership team and their track record. Good management can help Goodyear Tire navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Automobile Components space and any emerging trends that could impact Goodyear Tire's business and its evolving consumer preferences.
- Compare Goodyear Tire's performance and market position to its competitors. Analyze how Goodyear Tire is positioned in terms of product offerings, innovation, and market share.
- Check if Goodyear Tire pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Goodyear Tire's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Goodyear Tire Rubber stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Goodyear Tire Rubber is a good investment.
Sell | Buy |
Hold
Market Performance | Insignificant | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Goodyear Tire Stock
Researching Goodyear Tire's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 87.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.56. Some equities with similar Price to Book (P/B) outperform the market in the long run. Goodyear Tire Rubber has Price/Earnings To Growth (PEG) ratio of 1.67. The entity recorded a loss per share of 1.04. The firm last dividend was issued on the 31st of January 2020. Goodyear Tire had 2:1 split on the 5th of May 1993.
To determine if Goodyear Tire is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Goodyear Tire's research are outlined below:
| The company generated the yearly revenue of 20.07 B. Annual Net Loss to common stockholders was (687 M) with gross profit of 3.88 B. | |
| Goodyear Tire Rubber has a strong financial position based on the latest SEC filings | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Ken Fishers Strategic Emphasis on iShares 7-10 Year Treasury Bond ETF in Q3 2024 |
Goodyear Tire Quarterly Good Will |
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Goodyear Tire uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Goodyear Tire Rubber. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Goodyear Tire's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Goodyear Tire's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Goodyear Tire's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-02-08 | 2022-12-31 | 0.06 | 0.07 | 0.01 | 16 | ||
2010-10-28 | 2010-09-30 | 0.1 | 0.13 | 0.03 | 30 | ||
2003-11-19 | 2003-09-30 | -0.26 | -0.29 | -0.03 | 11 | ||
2007-07-26 | 2007-06-30 | 0.31 | 0.35 | 0.04 | 12 | ||
2009-10-28 | 2009-09-30 | 0.4 | 0.45 | 0.05 | 12 | ||
2006-02-16 | 2005-12-31 | 0.18 | 0.13 | -0.05 | 27 | ||
2003-07-30 | 2003-06-30 | -0.25 | -0.3 | -0.05 | 20 | ||
2002-02-08 | 2001-12-31 | -0.24 | -0.29 | -0.05 | 20 |
Know Goodyear Tire's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Goodyear Tire is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Goodyear Tire Rubber backward and forwards among themselves. Goodyear Tire's institutional investor refers to the entity that pools money to purchase Goodyear Tire's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Nomura Holdings Inc | 2024-06-30 | 5.4 M | Victory Capital Management Inc. | 2024-09-30 | 4.8 M | Segall Bryant & Hamill | 2024-09-30 | 4.1 M | Jacobs Levy Equity Management, Inc. | 2024-06-30 | 4 M | Newport Trust Co. | 2024-09-30 | 4 M | Charles Schwab Investment Management Inc | 2024-09-30 | 3.5 M | Northern Trust Corp | 2024-09-30 | 3.4 M | Bank Of New York Mellon Corp | 2024-06-30 | 2.7 M | Aqr Capital Management Llc | 2024-06-30 | 2.5 M | Blackrock Inc | 2024-06-30 | 35.2 M | Vanguard Group Inc | 2024-09-30 | 30.6 M |
Goodyear Tire's market capitalization trends
The company currently falls under 'Mid-Cap' category with a market capitalization of 2.65 B.Market Cap |
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Goodyear Tire's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.03) | (0.03) | |
| Return On Assets | (0.03) | (0.03) | |
| Return On Equity | (0.15) | (0.14) |
Determining Goodyear Tire's profitability involves analyzing its financial statements and using various financial metrics to determine if Goodyear Tire is a good buy. For example, gross profit margin measures Goodyear Tire's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Goodyear Tire's profitability and make more informed investment decisions.
Goodyear Tire's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Goodyear Tire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Goodyear Tire Rubber. Check Goodyear Tire's Beneish M Score to see the likelihood of Goodyear Tire's management manipulating its earnings.
Evaluate Goodyear Tire's management efficiency
Goodyear Tire Rubber has Return on Asset (ROA) of 0.0219 % which means that for every $100 of assets, it generated a profit of $0.0219. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.0612) %, which implies that it produced no returns to current stockholders. Goodyear Tire's management efficiency ratios could be used to measure how well Goodyear Tire manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.03 in 2024. Return On Capital Employed is likely to drop to 0 in 2024. Total Current Liabilities is likely to drop to about 4.5 B in 2024. Liabilities And Stockholders Equity is likely to drop to about 15.3 B in 2024| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 16.97 | 17.33 | |
| Tangible Book Value Per Share | 10.83 | 14.47 | |
| Enterprise Value Over EBITDA | 13.82 | 7.02 | |
| Price Book Value Ratio | 0.87 | 0.84 | |
| Enterprise Value Multiple | 13.82 | 7.02 | |
| Price Fair Value | 0.87 | 0.84 | |
| Enterprise Value | 5.7 B | 5.4 B |
Understanding the operational decisions made by Goodyear Tire management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 1.699 |
Basic technical analysis of Goodyear Stock
As of the 22nd of November, Goodyear Tire retains the Risk Adjusted Performance of 0.0447, downside deviation of 2.46, and Market Risk Adjusted Performance of 0.0742. Goodyear Tire technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Goodyear Tire's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Goodyear Tire insiders, such as employees or executives, is commonly permitted as long as it does not rely on Goodyear Tire's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Goodyear Tire insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Joseph Zekoski over a year ago Goodyear Tire exotic insider transaction detected | ||
Joseph Zekoski over a year ago Goodyear Tire exotic insider transaction detected | ||
Michael Wessel over a year ago Acquisition by Michael Wessel of 3663 shares of Goodyear Tire subject to Rule 16b-3 |
Goodyear Tire's Outstanding Corporate Bonds
Goodyear Tire issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Goodyear Tire Rubber uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Goodyear bonds can be classified according to their maturity, which is the date when Goodyear Tire Rubber has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| GOODYEAR TIRE RUBR Corp BondUS382550AD35 | View | |
| Goodyear Tire Rubber Corp BondUS382550BG56 | View | |
| GOODYEAR TIRE RUBR Corp BondUS382550BH30 | View | |
| Goodyear Tire Rubber Corp BondUS382550BF73 | View | |
| US382550BK68 Corp BondUS382550BK68 | View | |
| US382550BJ95 Corp BondUS382550BJ95 | View |
Understand Goodyear Tire's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Goodyear Tire's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0447 | |||
| Market Risk Adjusted Performance | 0.0742 | |||
| Mean Deviation | 2.24 | |||
| Semi Deviation | 2.39 | |||
| Downside Deviation | 2.46 | |||
| Coefficient Of Variation | 2044.44 | |||
| Standard Deviation | 2.97 | |||
| Variance | 8.82 | |||
| Information Ratio | 0.0121 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0145 | |||
| Treynor Ratio | 0.0642 | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 4.66 | |||
| Downside Variance | 6.06 | |||
| Semi Variance | 5.73 | |||
| Expected Short fall | (2.45) | |||
| Skewness | 1.42 | |||
| Kurtosis | 5.27 |
| Risk Adjusted Performance | 0.0447 | |||
| Market Risk Adjusted Performance | 0.0742 | |||
| Mean Deviation | 2.24 | |||
| Semi Deviation | 2.39 | |||
| Downside Deviation | 2.46 | |||
| Coefficient Of Variation | 2044.44 | |||
| Standard Deviation | 2.97 | |||
| Variance | 8.82 | |||
| Information Ratio | 0.0121 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0145 | |||
| Treynor Ratio | 0.0642 | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 4.66 | |||
| Downside Variance | 6.06 | |||
| Semi Variance | 5.73 | |||
| Expected Short fall | (2.45) | |||
| Skewness | 1.42 | |||
| Kurtosis | 5.27 |
Consider Goodyear Tire's intraday indicators
Goodyear Tire intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Goodyear Tire stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 215875.0 | |||
| Daily Balance Of Power | 0.8235 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 9.59 | |||
| Day Typical Price | 9.63 | |||
| Price Action Indicator | 0.34 | |||
| Period Momentum Indicator | 0.42 |
Goodyear Tire Corporate Filings
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 4th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 15th of October 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
Goodyear Stock media impact
Far too much social signal, news, headlines, and media speculation about Goodyear Tire that are available to investors today. That information is available publicly through Goodyear media outlets and privately through word of mouth or via Goodyear internal channels. However, regardless of the origin, that massive amount of Goodyear data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Goodyear Tire news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Goodyear Tire relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Goodyear Tire's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Goodyear Tire alpha.
Goodyear Tire Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Goodyear Tire can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Goodyear Tire Rubber Historical Investor Sentiment
Investor biases related to Goodyear Tire's public news can be used to forecast risks associated with an investment in Goodyear. The trend in average sentiment can be used to explain how an investor holding Goodyear can time the market purely based on public headlines and social activities around Goodyear Tire Rubber. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Goodyear Tire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Goodyear Tire and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Goodyear Tire news discussions. The higher the estimate score, the more favorable the investor's outlook on Goodyear Tire.
Goodyear Tire Corporate Executives
Elected by the shareholders, the Goodyear Tire's board of directors comprises two types of representatives: Goodyear Tire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goodyear. The board's role is to monitor Goodyear Tire's management team and ensure that shareholders' interests are well served. Goodyear Tire's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goodyear Tire's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christina Zamarro | Executive CFO | Profile |
Additional Tools for Goodyear Stock Analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.