The Goodyear Tire & Rubber Company [GT] Stock Forecast

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Stock Summary

Earnings have grown 41.86% per last year.

Earnings are expected to rise 25.44% next year

EPS has increased from the previous year and become positive (Yearly statements)

In the last year, shareholders have seen their holdings diluted. Dilution over past year is 20.35%

GT has less than 1 year of cash runway

An RSI reading of 30 or below indicates an oversold or undervalued condition.

Debt-to-Equity ratio of 1.63 is considered moderate, deeper research suggested.

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In the News

11:26 04 Oct 2022 GT

7 Mid-Cap Stocks That the Market Has Gotten All Wrong

Investors have a lot to worry about these days. Is the economy in a recession?

10:39 04 Oct 2022 GT

The Goodyear Tire & Rubber Is Bouncing Strong In The EV Industry

Goodyear most likely will not have its best year this FY22; however, the company remains fundamentally strong thanks to its improving product portfolio. It benefits from increased EV investment and relaxed Covid-19 restrictions in China, which boosts GT's demand environment.

08:17 04 Oct 2022 GT

New Strong Sell Stocks for August 9th

BHP, RIO, and GT have been added to the Zacks Rank #5 (Strong Sell) List on August 9, 2022.

12:45 04 Oct 2022 GT

The Goodyear Tire & Rubber Company (GT) CEO Rich Kramer on Q2 2022 Results - Earnings Call Transcript

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET Company Participants Christian Gadzinski - Senior Director, Investor Relations Rich Kramer - Chief Executive Officer Darren Wells - Chief Financial Officer Christina Zamarro - Vice President, Finance and Treasurer Conference Call Participants John Healy - Northcoast Research James Picariello - BNP Paribas Exane Rod Lache - Wolfe Research Ryan Brinkman - JPMorgan Operator Good morning. My name is Ashley and I will be your conference operator today.

09:47 04 Oct 2022 GT

Goodyear (GT) Q2 Earnings and Revenues Top Estimates

Goodyear (GT) delivered earnings and revenue surprises of 6.98% and 2.80%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

07:51 04 Oct 2022 GT

Goodyear Tire stock jumps nearly 5% after profit, sales rises above expectations

Shares of Goodyear Tire & Rubber Co. GT, -1.18% jumped 4.9% toward a two-month high in premarket trading Friday, after the tire maker reported second-quarter profit and sales that rose above expectations. The upbeat results were a welcome relief to investors, as the stock tumbled 9.5% the day first-quarter results were reported, and 27.4% after fourth quarter results, which was the biggest one-day selloff since October 1987.

09:00 04 Oct 2022 GT

From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality

Goodyear is making airless tires through 3-D printing, one example of additive manufacturing's rise among industrials from Boeing to Cummins.

04:30 04 Oct 2022 GT

GOODYEAR TO ANNOUNCE SECOND QUARTER 2022 FINANCIAL RESULTS

AKRON, Ohio , July 27, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2022 financial results on Friday, Aug. 5, to be followed by an investor conference call at 8:30 a.m. EDT. Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

01:53 04 Oct 2022 GT

Goodyear's Share Price Looks Set To Gain Traction After Significant Recent Selling

The pandemic and subsequent lockdowns were nightmares for tire companies, and Goodyear has suffered a huge drop in price as a result. The company has significant growth prospects, despite ongoing risks.

07:34 04 Oct 2022 GT

Goodyear CEO discusses company's pricing strategy, possible changes in demand

The "Mad Money" host spoke with Goodyear Tire and Rubber Company CEO Rich Kramer on Tuesday's episode of the show.

Financial details

Company Rating

Buy

Market Cap

2.85B

Income

951M

Revenue

20.11B

Book val./share

18.22

Cash/share

4.39

Dividend

Dividend %

Employees

72K

Optionable

Yes

Shortable

Yes

Earnings

03 Nov 2022

P/E

3.01

Forward P/E

11.01

PEG

-0.19

P/S

0.14

P/B

0.55

P/C

2.43

P/FCF

-5.65

Quick Ratio

0.64

Current Ratio

1.3

Debt / Equity

1.63

LT Debt / Equity

1.57

EPS (TTM)

3.34

EPS next Y

0.97

EPS next Q

0.28

EPS this Y

-151.52%

EPS next Y

-70.96%

EPS next 5Y

-70.96%

EPS last 5Y

14.67%

Revenue last 5Y

2.59%

Revenue Q/Q

6.19%

EPS Q/Q

70.59%

SMA20

-21.43%

SMA50

SMA100

-15.38%

Inst Own

78.97%

Inst Trans

-21.03%

ROA

ROE

19%

ROC

0.08%

Gross Margin

20%

Oper. Margin

Profit Margin

Payout

Shs Outstand

282.8M

Shs Float

281.56M

Target Price

17.5

52W Range

10.07-24.89

52W High

-55.52%

52W Low

+6.75%

RSI

Rel Volume

0.88

Avg Volume

4.18M

Volume

3.66M

Perf Week

-9.53%

Perf Month

-28.02%

Perf Quarter

-18.7%

Perf Half Y

-24.82%

Beta

1.79704

Volatility

0.38%, 1.4%

Prev Close

5.8%

Price

10.675

Change

2.74%

Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2021-12-31

Metric	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31
Revenue per share	61.76	65.3	63.28	52.65	74.69
Net income per share	1.39	2.92	-1.33	-5.36	3.33
Operating cash flow per share	4.65	3.86	5.18	4.76	4.54
Free cash flow per share	1.11	0.44	1.88	2	0.35
Cash per share	4.19	3.38	3.9	6.58	4.65
Book value per share	18.49	20.52	18.67	13.15	22.15
Tangible book value per share	16.53	18.42	16.49	11.61	13.42
Share holders equity per share	18.49	20.52	18.67	13.15	22.15
Interest debt per share	24.35	25.67	26.62	27.83	9.23
Market cap	8.82B	5.01B	3.16B	2.47B	4.66B
Enterprise value	13.51B	9.97B	8.11B	7.12B	5.35B
P/E ratio	25.5	7.22	-10.15	-1.97	5.98
Price to sales ratio	0.57	0.32	0.21	0.2	0.27
POCF ratio	7.62	5.46	2.62	2.21	4.39
PFCF ratio	31.86	47.67	7.22	5.28	57.55
P/B Ratio	1.92	1.03	0.73	0.8	0.9
PTB ratio	1.92	1.03	0.73	0.8	0.9
EV to sales	0.88	0.64	0.55	0.58	0.31
Enterprise value over EBITDA	6.84	4.76	6.25	182.51	3
EV to operating cash flow	11.67	10.88	6.72	6.38	5.03
EV to free cash flow	48.77	94.93	18.56	15.21	65.99
Earnings yield	0.04	0.14	-0.1	-0.51	0.17
Free cash flow yield	0.03	0.02	0.14	0.19	0.02
Debt to equity	1.1	1.05	1.09	1.76	0.22
Debt to assets	0.72	0.7	0.74	0.8	0.76
Net debt to EBITDA	2.37	2.37	3.82	119.21	0.38
Current ratio	1.21	1.24	1.12	1.1	1.11
Interest coverage	4.05	3.74	2.41	-0.64	2.81
Income quality	3.35	1.32	-3.88	-0.89	1.36
Dividend Yield	0.01	0.03	0.05	0.01	0
Payout ratio	0.32	0.2	-0.48	-0.03	0
Sales general and administrative to revenue	0.15	0.15	0.16	0.18	0
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.04	0.04	0.04	0.03	0.1
Capex to operating cash flow	-0.76	-0.89	-0.64	-0.58	-0.92
Capex to revenue	-0.06	-0.05	-0.05	-0.05	-0.06
Capex to depreciation	-1.13	-1.04	-0.97	-0.75	-1.11
Stock based compensation to revenue	0	0	0	0	0
Graham number	24.04	36.75	23.68	39.83	40.76
ROIC	0.11	0.1	0.07	-0.02	0.07
Return on tangible assets	0.02	0.04	-0.02	-0.08	0.04
Graham Net	-33.17	-33.97	-37.99	-40.01	-49.33
Working capital	1.05B	1.14B	647M	514M	719M
Tangible asset value	4.12B	4.37B	3.84B	2.72B	3.14B
Net current asset value	-6.14B	-5.88B	-6.71B	-7.63B	-8.89B
Invested capital	1.24	1.18	1.35	2.01	0.34
Average receivables	1.86B	1.86B	1.82B	1.69B	2.04B
Average payables	2.88B	2.93B	2.93B	2.95B	3.55B
Average inventory	2.47B	2.5B	2.5B	2.15B	2.87B
Days sales outstanding	48.07	47.88	48.05	50.09	49.85
Days payables outstanding	87.43	89.11	91.49	103.99	110.58
Days of inventory on hand	86.8	87.15	89.69	76.02	95.81
Receivables turnover	7.59	7.62	7.6	7.29	7.32
Payables turnover	4.17	4.1	3.99	3.51	3.3
Inventory turnover	4.2	4.19	4.07	4.8	3.81
ROE	0.08	0.14	-0.07	-0.41	0.15
Capex per share	-3.54	-3.42	-3.3	-2.76	-4.19

Quarterly Fundamentals Overview

Last date of statement is 2022-06-30 for Q2

Metric	2021-06-30	2021-09-30	2021-12-31	2022-03-31	2022-06-30
Revenue per share	16.31	17.43	17.86	17.28	18.35
Net income per share	0.27	0.47	1.97	0.34	0.58
Operating cash flow per share	0.86	0.24	3.76	-2.5	0.63
Free cash flow per share	0.05	-0.75	2.65	-3.48	-0.2
Cash per share	4.22	4.19	3.84	3.71	4.39
Book value per share	17.26	15.24	18.32	18.12	18.22
Tangible book value per share	9.51	8.63	11.1	11.56	11.72
Share holders equity per share	17.26	15.24	18.32	18.12	18.22
Interest debt per share	37.41	33.37	6.64	33.47	33.68
Market cap	4.18B	5.01B	6.03B	4.06B	3.04B
Enterprise value	12.18B	13.16B	6.72B	12.41B	11.25B
P/E ratio	15.61	9.49	2.71	10.57	4.58
Price to sales ratio	1.05	1.02	1.19	0.83	0.58
POCF ratio	19.83	72.6	5.67	-5.71	17.09
PFCF ratio	380.42	-23.63	8.06	-4.11	-53.36
P/B Ratio	0.99	1.16	1.16	0.79	0.59
PTB ratio	0.99	1.16	1.16	0.79	0.59
EV to sales	3.06	2.67	1.33	2.53	2.16
Enterprise value over EBITDA	30.54	24.88	12.44	25.74	18.9
EV to operating cash flow	57.75	190.74	6.31	-17.45	63.19
EV to free cash flow	1.11K	-62.08	8.97	-12.57	-197.33
Earnings yield	0.02	0.03	0.09	0.02	0.05
Free cash flow yield	0	-0.04	0.12	-0.24	-0.02
Debt to equity	1.86	1.85	0.22	1.61	1.63
Debt to assets	0.79	0.79	0.76	0.76	0.77
Net debt to EBITDA	20.05	15.41	1.27	17.32	13.79
Current ratio	1.14	1.18	1.11	1.23	1.3
Interest coverage	2.51	3.01	3.13	2.44	2.94
Income quality	3.15	0.52	1.91	-7.41	1.07
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	0.1	0.1	0.1	0.09	0.09
Capex to operating cash flow	-0.95	-4.07	-0.3	0.39	-1.32
Capex to revenue	-0.05	-0.06	-0.06	-0.06	-0.05
Capex to depreciation	-0.96	-1.17	-1.32	-1.13	-0.99
Stock based compensation to revenue	0	0	0.01	0	-0.01
Graham number	10.33	12.65	28.48	11.74	15.48
ROIC	0.02	0.02	0.02	0.02	0.02
Return on tangible assets	0	0.01	0.03	0	0.01
Graham Net	-49.05	-41.72	-40.79	-41.62	-40.96
Working capital	916M	1.23B	719M	1.62B	2.1B
Tangible asset value	2.32B	2.44B	3.14B	3.28B	3.33B
Net current asset value	-9.25B	-8.99B	-8.89B	-8.74B	-8.33B
Invested capital	2.14	2.16	0.34	1.83	1.83
Average receivables	3.02B	3.21B	2.8B	3.22B	3.26B
Average payables	4.1B	4.15B	4.24B	4.34B	4.47B
Average inventory	3.67B	3.73B	3.81B	4.03B	4.21B
Days sales outstanding	63.76	58.24	42.51	59.05	57.09
Days payables outstanding	112.81	91.57	94.06	98.46	99.08
Days of inventory on hand	96.9	79.58	81.5	91.36	94.68
Receivables turnover	1.41	1.55	2.12	1.52	1.58
Payables turnover	0.8	0.98	0.96	0.91	0.91
Inventory turnover	0.93	1.13	1.1	0.99	0.95
ROE	0.02	0.03	0.11	0.02	0.03
Capex per share	-0.82	-0.99	-1.11	-0.97	-0.83

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 Ohio 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