The Goodyear Tire & Rubber Company (GT) Company Bio
Goodyear Tire & Rubber develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company was founded in 1898 and is based in Akron, Ohio.
GT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for GT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Goodyear Tire & Rubber Co ranked in the 20th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Goodyear Tire & Rubber Co, consider:
The company's compound free cash flow growth rate over the past 5.51 years comes in at -0.1%; that's greater than only 14.22% of US stocks we're applying DCF forecasting to.
Goodyear Tire & Rubber Co's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -2.86. This coverage rate is greater than that of only 15.99% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Goodyear Tire & Rubber Co experienced a tax rate of about 0% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Goodyear Tire & Rubber Co? See MCD, SCVL, FTDR, GME, and GPS.
For the 85th annual Goodyear Cotton Bowl Classic, title sponsor Goodyear will continue to support Scottish Rite for Children and Children's HealthSM hospitals with a $20,000 donation and special in-game tribute for pediatric patients and hardworking healthcare workers at these hospitals.
AKRON, Ohio, Dec. 10, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) and SafeAI, a pioneer in autonomous heavy equipment, today announced a strategic relationship to incorporate tire intelligence into the programming of autonomous heavy equipment vehicles. Through an…
AKRON, Ohio, Dec. 8, 2020 /PRNewswire/ -- A collaboration between The Goodyear Tire & Rubber Company's ((NASDAQ: GT)) Akron Innovation Lab and Case Western Reserve University offers college and graduate students an opportunity to design the future via a virtual competition focused on the…
AKRON, Ohio , Dec. 7, 2020 /PRNewswire/ -- For long-haul fleets looking to enhance fuel efficiency, The Goodyear Tire & Rubber Company (NASDAQ: GT ) is launching the new Fuel Max LHD 2 in early 2021. "We are always looking for ways to ensure our customers get the best value from our tires. For long-haul fleets, that means developing a tire that can offer fuel efficiency and accommodate the extensive miles they travel," said Devin Dickerhoof , … Full story available on Benzinga.com
AKRON, Ohio , Dec. 7, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT ) has announced the new Fuel Max RSD tire and three new UniCircle retread products – the Fuel Max RSD, Fuel Max RTD and UltraGrip RTD. These UniCircle retreads offer matching tread designs and compounds to the new tires. The Goodyear Fuel Max RSD (Regional Service Drive) is a premium super-regional drive tire that offers enhanced fuel efficiency, mileage and traction for super-regional driving fleets, the fastest-growing trucking segment. Its innovative tread compounds help resist tearing and improve miles to removal. The Fuel Max RSD is designed to accommodate single axle day cab configurations that travel in both cities and on the highway and features high scrub resistance for tight turns. "Super...