GT
The Goodyear Tire & Rubber Company [GT] Stock Forecast
Buy or Sell ? Support and Resistance
What is MACD and how to read it?
How RSI can help?
GT Stock Summary
Top 10 Correlated Stocks
GT
In the News
Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific
Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its Asia Pacific segment.
2 Wrecked Stocks Keeping Cars on the Road Ready for Repair
Rising oil prices and the cooling vehicle market have one thing in common: cars. Both developments impact vehicle sales and usage.
Goodyear stock ticks higher after company restructuring in Europe, Middle East and Africa
Shares of Goodyear Tire & Rubber Co. GT, +0.08% rose 1.5% in the extended session Friday after the tire company said it has embarked on a “rationalization plan and workforce reorganization” in Europe, Middle East and Africa aimed at improving its cost structure. “This restructuring is a part of a broader set of actions the company expects to take in order to fundamentally streamline its business, improve its competitive position and drive growth,” Goodyear said in a statement.
7 Stocks to Buy to Profit from a Flat Market
While the equities sector might not collapse (a la the Great Recession), it might not offer a decisively directional motion, which augurs well for stocks to buy for a flat market. Generally, investors have two choices: buy enterprises that may enjoy greater success, or short companies that may fail eventually.
Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y
Goodyear (GT) misses second-quarter 2023 earnings due to lower volume and the adverse impacts of foreign exchange. The company expects raw material costs to rise $25 million in fiscal 2023.
Why Goodyear Tire Stock Fell Today
Goodyear fell to an unexpected loss in the quarter due to a range of macro and company-specific factors. The company should enjoy better year-over-year comparisons in the quarters to come, but demand remains a question.
Goodyear (GT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Goodyear (GT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Goodyear (GT) Reports Q2 Loss, Lags Revenue Estimates
Goodyear (GT) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of $0.15. This compares to earnings of $0.46 per share a year ago.
Goodyear Tire to add three directors to settle with Elliott
Goodyear Tire & Rubber Co will add three directors to its board in agreement with Elliott Investment Management, the company said on Tuesday, months after the activist investor disclosed a large investment.
Goodyear announces new directors and strategic review as part of Elliot agreement
Goodyear Tire & Rubber Co. GT, +0.50% has announced three additions to its board of directors and a strategic and operational review as part of the tire maker's cooperation agreement with activist investor Elliot Investment Management. The company's stock rose 0.2% Tuesday.
GT Financial details
GT Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 65.3 | 63.28 | 52.65 | 66.97 | 88.91 | |
| Net income per share | 2.92 | -1.27 | -5.34 | 2.93 | 0.86 | |
| Operating cash flow per share | 3.86 | 5.18 | 4.76 | 4.07 | 2.23 | |
| Free cash flow per share | 0.44 | 1.88 | 2 | 0.31 | -2.31 | |
| Cash per share | 3.38 | 3.9 | 6.58 | 4.17 | 5.24 | |
| Book value per share | 20.52 | 18.67 | 13.15 | 19.15 | 22.65 | |
| Tangible book value per share | 18.42 | 16.49 | 11.61 | 12.03 | 14.74 | |
| Share holders equity per share | 20.52 | 18.67 | 13.15 | 19.15 | 22.65 | |
| Interest debt per share | 25.67 | 29.48 | 30.75 | 33.74 | 40 | |
| Market cap | 4.84B | 3.62B | 2.55B | 5.56B | 2.38B | |
| Enterprise value | 9.8B | 9.25B | 7.89B | 12.9B | 10.06B | |
| P/E ratio | 6.98 | -12.2 | -2.04 | 7.28 | 11.76 | |
| Price to sales ratio | 0.31 | 0.25 | 0.21 | 0.32 | 0.11 | |
| POCF ratio | 5.28 | 3 | 2.29 | 5.24 | 4.56 | |
| PFCF ratio | 46.07 | 8.29 | 5.46 | 68.7 | -4.4 | |
| P/B Ratio | 0.99 | 0.83 | 0.83 | 1.11 | 0.45 | |
| PTB ratio | 0.99 | 0.83 | 0.83 | 1.11 | 0.45 | |
| EV to sales | 0.63 | 0.63 | 0.64 | 0.74 | 0.48 | |
| Enterprise value over EBITDA | 4.55 | 6.1 | 14.82 | 6.87 | 5.45 | |
| EV to operating cash flow | 10.7 | 7.66 | 7.07 | 12.14 | 19.31 | |
| EV to free cash flow | 93.33 | 21.16 | 16.85 | 159.22 | -18.63 | |
| Earnings yield | 0.14 | -0.08 | -0.49 | 0.14 | 0.09 | |
| Free cash flow yield | 0.02 | 0.12 | 0.18 | 0.01 | -0.23 | |
| Debt to equity | 1.18 | 1.5 | 2.23 | 1.68 | 1.68 | |
| Debt to assets | 0.34 | 0.38 | 0.42 | 0.39 | 0.4 | |
| Net debt to EBITDA | 2.3 | 3.71 | 10.02 | 3.91 | 4.16 | |
| Current ratio | 1.24 | 1.12 | 1.1 | 1.11 | 1.21 | |
| Interest coverage | 3.74 | 2.12 | -1.01 | 2.57 | 1.96 | |
| Income quality | 1.29 | -4.06 | -0.89 | 1.36 | 2.49 | |
| Dividend Yield | 0.03 | 0.04 | 0.01 | 0 | 0 | |
| Payout ratio | 0.2 | -0.5 | -0.03 | 0 | 0 | |
| Sales general and administrative to revenue | 0.15 | 0.16 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.04 | 0.04 | 0.03 | 0.1 | 0.09 | |
| Capex to operating cash flow | -0.89 | -0.64 | -0.58 | -0.92 | -2.04 | |
| Capex to revenue | -0.05 | -0.05 | -0.05 | -0.06 | -0.05 | |
| Capex to depreciation | -1.04 | -0.97 | -0.75 | -1.11 | -1.1 | |
| Stock based compensation to revenue | 0 | 0 | 0.03 | 0 | -0.01 | |
| Graham number | 36.75 | 23.14 | 39.76 | 35.52 | 20.97 | |
| ROIC | 0.08 | -0.1 | -0.03 | 0.1 | 0.03 | |
| Return on tangible assets | 0.04 | -0.02 | -0.08 | 0.04 | 0.01 | |
| Graham Net | -33.97 | -37.99 | -40.01 | -44.23 | -49.12 | |
| Working capital | 1.14B | 647M | 514M | 719M | 1.53B | |
| Tangible asset value | 4.37B | 3.84B | 2.72B | 3.14B | 3.45B | |
| Net current asset value | -5.88B | -6.71B | -7.63B | -8.89B | -8.3B | |
| Invested capital | 1.18 | 1.5 | 2.23 | 1.68 | 1.68 | |
| Average receivables | 2.03B | 1.99B | 1.82B | 2.04B | 2.5B | |
| Average payables | 2.86B | 2.91B | 2.93B | 3.55B | 4.48B | |
| Average inventory | 2.82B | 2.85B | 2.5B | 2.87B | 4.08B | |
| Days sales outstanding | 47.88 | 48.05 | 50.09 | 49.85 | 45.79 | |
| Days payables outstanding | 89.11 | 91.49 | 103.99 | 110.58 | 103.41 | |
| Days of inventory on hand | 87.15 | 89.69 | 76.02 | 95.81 | 98.41 | |
| Receivables turnover | 7.62 | 7.6 | 7.29 | 7.32 | 7.97 | |
| Payables turnover | 4.1 | 3.99 | 3.51 | 3.3 | 3.53 | |
| Inventory turnover | 4.19 | 4.07 | 4.8 | 3.81 | 3.71 | |
| ROE | 0.14 | -0.07 | -0.41 | 0.15 | 0.04 | |
| Capex per share | -3.42 | -3.3 | -2.76 | -3.76 | -4.53 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
| Metric | History | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 |
|---|---|---|---|---|---|---|
| Revenue per share | 18.35 | 18.7 | 22.97 | 17.34 | 17.08 | |
| Net income per share | 0.58 | 0.15 | -0.45 | -0.35 | -0.73 | |
| Operating cash flow per share | 0.63 | -0.33 | 4.91 | -2.72 | 1.2 | |
| Free cash flow per share | -0.2 | -1.23 | 3.64 | -3.74 | 0.34 | |
| Cash per share | 4.39 | 4.38 | 5.24 | 3.8 | 3.68 | |
| Book value per share | 18.22 | 17.91 | 22.65 | 18.43 | 17.91 | |
| Tangible book value per share | 11.72 | 11.42 | 14.74 | 11.96 | 11.48 | |
| Share holders equity per share | 18.22 | 17.91 | 22.65 | 18.43 | 17.91 | |
| Interest debt per share | 33.68 | 34.44 | 38.59 | 35.63 | 34.99 | |
| Market cap | 3.04B | 2.87B | 2.38B | 3.14B | 3.9B | |
| Enterprise value | 11.25B | 11.29B | 10.06B | 12.09B | 12.68B | |
| P/E ratio | 4.58 | 16.28 | -5.66 | -7.93 | -4.69 | |
| Price to sales ratio | 0.58 | 0.54 | 0.44 | 0.64 | 0.8 | |
| POCF ratio | 17.09 | -30.48 | 2.07 | -4.05 | 11.43 | |
| PFCF ratio | -53.36 | -8.23 | 2.79 | -2.95 | 40.61 | |
| P/B Ratio | 0.59 | 0.56 | 0.45 | 0.6 | 0.76 | |
| PTB ratio | 0.59 | 0.56 | 0.45 | 0.6 | 0.76 | |
| EV to sales | 2.16 | 2.13 | 1.87 | 2.45 | 2.61 | |
| Enterprise value over EBITDA | 21.26 | 21.42 | 33.75 | 37.77 | 56.62 | |
| EV to operating cash flow | 63.19 | -120.07 | 8.76 | -15.6 | 37.2 | |
| EV to free cash flow | -197.33 | -32.43 | 11.81 | -11.34 | 132.12 | |
| Earnings yield | 0.05 | 0.02 | -0.04 | -0.03 | -0.05 | |
| Free cash flow yield | -0.02 | -0.12 | 0.36 | -0.34 | 0.02 | |
| Debt to equity | 1.83 | 1.9 | 1.68 | 1.91 | 1.93 | |
| Debt to assets | 0.41 | 0.41 | 0.4 | 0.43 | 0.43 | |
| Net debt to EBITDA | 15.51 | 15.98 | 25.78 | 27.96 | 39.22 | |
| Current ratio | 1.3 | 1.33 | 1.21 | 1.32 | 1.28 | |
| Interest coverage | 2.65 | 2.48 | 0.43 | 0.54 | -1.52 | |
| Income quality | 1.05 | -1.96 | -10.93 | 7.83 | -1.64 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | |
| Capex to operating cash flow | -1.32 | 2.7 | -0.26 | 0.38 | -0.72 | |
| Capex to revenue | -0.05 | -0.05 | -0.06 | -0.06 | -0.05 | |
| Capex to depreciation | -0.99 | -1.07 | -1.2 | -1.16 | -0.96 | |
| Stock based compensation to revenue | 0 | 0 | -0.02 | -0.01 | 0 | |
| Graham number | 15.48 | 7.9 | 15.12 | 12 | 17.15 | |
| ROIC | 0.01 | 0.01 | 0 | 0 | -0.01 | |
| Return on tangible assets | 0.01 | 0 | -0.01 | 0 | -0.01 | |
| Graham Net | -40.96 | -41.49 | -49.12 | -41.95 | -42.24 | |
| Working capital | 2.1B | 2.49B | 1.53B | 2.23B | 1.92B | |
| Tangible asset value | 3.33B | 3.24B | 3.45B | 3.41B | 3.27B | |
| Net current asset value | -8.33B | -8.18B | -8.3B | -8.53B | -8.68B | |
| Invested capital | 1.83 | 1.9 | 1.68 | 1.91 | 1.93 | |
| Average receivables | 3.26B | 3.43B | 3.09B | 2.93B | 3.14B | |
| Average payables | 4.47B | 4.74B | 4.85B | 4.63B | 4.41B | |
| Average inventory | 4.21B | 4.63B | 4.72B | 4.56B | 4.46B | |
| Days sales outstanding | 57.09 | 60.33 | 43.71 | 59.09 | 56.09 | |
| Days payables outstanding | 99.08 | 102.25 | 95.85 | 95.56 | 95.2 | |
| Days of inventory on hand | 94.68 | 101.62 | 91.22 | 97.73 | 95.17 | |
| Receivables turnover | 1.58 | 1.49 | 2.06 | 1.52 | 1.6 | |
| Payables turnover | 0.91 | 0.88 | 0.94 | 0.94 | 0.95 | |
| Inventory turnover | 0.95 | 0.89 | 0.99 | 0.92 | 0.95 | |
| ROE | 0.03 | 0.01 | -0.02 | -0.02 | -0.04 | |
| Capex per share | -0.83 | -0.89 | -1.26 | -1.02 | -0.86 |
GT Frequently Asked Questions
What is The Goodyear Tire & Rubber Company stock symbol ?
The Goodyear Tire & Rubber Company is a US stock , located in Akron of Oh and trading under the symbol GT
Is The Goodyear Tire & Rubber Company buy or a sell ?
3 stock analysts have 3 predictions with a medium analyst target price of $17.5. The lowest prediction is $15 and the highest is $19
What is GT stock prediction ?
What is The Goodyear Tire & Rubber Company stock quote today ?
The Goodyear Tire & Rubber Company stock price is $12.15 today.
Is The Goodyear Tire & Rubber Company stock public?
Yes, The Goodyear Tire & Rubber Company is a publicly traded company.
Company Profile
- Volume Average 3.88M
- Market Capitalization 3.5B
- Employee 74K
- CEO Mr. Richard Joseph Kramer
- Headquarters Akron,OH,US
- IPO Date 1927-08-05
-
Website
https://www.goodyear.com 
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.
