Based on the measurements of operating efficiency obtained from Goodyear Tire's historical financial statements, Goodyear Tire Rubber is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Goodyear Tire's Current Deferred Revenue is comparatively stable compared to the past year. Net Tangible Assets is likely to gain to about 6.4 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1 B in 2024. Key indicators impacting Goodyear Tire's financial strength include:
The financial analysis of Goodyear Tire is a critical element in measuring its lifeblood. Investors should not minimize Goodyear Tire's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
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(654.55 Million)
Goodyear
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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 Goodyear Tire Rubber. 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 Allison Transmission, Aptiv PLC, LKQ, Lear, and Magna International. 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 incorporated in 1898 and is headquartered in Akron, Ohio. Goodyear Tire operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 72000 people.
The reason investors look at the income statement is to determine what Goodyear Tire's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
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.
Goodyear Tire Rubber is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Goodyear Tire's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Goodyear Tire by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Goodyear Tire Rubber 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Goodyear Tire Rubber 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 Rubber 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 Thematic Clasifications
Goodyear Tire Rubber is part of Automobiles and Trucks investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Automobiles and Trucks industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Automobiles and Trucks industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Goodyear Tire Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Goodyear Tire's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Goodyear Tire growth as a starting point in their analysis.
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 Goodyear Tire Rubber. We use our internally-developed statistical techniques to arrive at the intrinsic value of Goodyear Tire Rubber 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.
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.