Goodyear Tire Financials
| GT Stock | MXN 208.00 9.00 4.15% |
Goodyear |
Understanding current and past Goodyear Tire Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Goodyear Tire's financial statements are interrelated, with each one affecting the others. For example, an increase in Goodyear Tire's assets may result in an increase in income on the income statement.
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 The Goodyear Tire. Check Goodyear Tire's Beneish M Score to see the likelihood of Goodyear Tire's management manipulating its earnings.
Goodyear Tire Stock Summary
Goodyear Tire competes with Netflix, Cognizant Technology, and Disney. The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was founded in 1898 and is headquartered in Akron, Ohio. GOODYEAR TIRE operates under Rubber Plastics classification in Mexico and is traded on Mexico Stock Exchange. It employs 64000 people.| Foreign Associate | USA |
| Instrument | Mexico Stock View All |
| Exchange | Mexican Exchange |
| Business Address | 200 Innovation Way, |
| Sector | Consumer Cyclical |
| Industry | Rubber & Plastics |
| Benchmark | Dow Jones Industrial |
| Website | www.goodyear.com |
| Phone | 330 796 2121 |
| Currency | MXN - Mexican Peso |
You should never invest in Goodyear Tire without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Goodyear Stock, because this is throwing your money away. Analyzing the key information contained in Goodyear Tire's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Goodyear Tire Key Financial Ratios
Goodyear Tire's financial ratios allow both analysts and investors to convert raw data from Goodyear Tire's financial statements into concise, actionable information that can be used to evaluate the performance of Goodyear Tire over time and compare it to other companies across industries.| Return On Equity | 0.0393 | |||
| Return On Asset | 0.0309 | |||
| Beta | 1.85 | |||
| Z Score | 4.8 |
Goodyear Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Goodyear Tire's current stock value. Our valuation model uses many indicators to compare Goodyear Tire value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Goodyear Tire competition to find correlations between indicators driving Goodyear Tire's intrinsic value. More Info.The Goodyear Tire is rated # 5 in return on equity category among its peers. It also is rated # 5 in return on asset category among its peers reporting about 0.79 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for The Goodyear Tire is roughly 1.27 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Goodyear Tire by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Goodyear Tire's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Goodyear Tire Systematic Risk
Goodyear Tire's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Goodyear Tire volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Goodyear Tire correlated with the market. If Beta is less than 0 Goodyear Tire generally moves in the opposite direction as compared to the market. If Goodyear Tire Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Goodyear Tire is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Goodyear Tire is generally in the same direction as the market. If Beta > 1 Goodyear Tire moves generally in the same direction as, but more than the movement of the benchmark.
Goodyear Tire December 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Goodyear Tire help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of The Goodyear Tire. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Goodyear Tire based on widely used predictive technical indicators. In general, we focus on analyzing Goodyear Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Goodyear Tire's daily price indicators and compare them against related drivers.
| Information Ratio | 0.1672 | |||
| Maximum Drawdown | 11.5 | |||
| Potential Upside | 5.01 |
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.