Goodyear Tire Rubber Stock Revenue
| GT Stock | USD 11.84 0.10 0.85% |
Goodyear Tire Rubber fundamentals help investors to digest information that contributes to Goodyear Tire's financial success or failures. It also enables traders to predict the movement of Goodyear Stock. The fundamental analysis module provides a way to measure Goodyear Tire's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Goodyear Tire stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 20.1 B | 16.7 B |
Goodyear | Revenue |
Goodyear Tire Rubber Company Revenue Analysis
Goodyear Tire's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Goodyear Tire Revenue | 20.07 B |
Most of Goodyear Tire's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Goodyear Tire Rubber is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Historical and Projected quarterly revenue of Goodyear
Projected quarterly revenue analysis of Goodyear Tire Rubber provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Goodyear Tire match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Goodyear Tire's stock price.
Goodyear Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Goodyear Tire is extremely important. It helps to project a fair market value of Goodyear Stock properly, considering its historical fundamentals such as Revenue. Since Goodyear Tire's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Goodyear Tire's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Goodyear Tire's interrelated accounts and indicators.
| 0.62 | 0.63 | 0.36 | 0.68 | -0.12 | ||
| 0.62 | 0.99 | 0.64 | 0.87 | 0.05 | ||
| 0.63 | 0.99 | 0.68 | 0.88 | -0.1 | ||
| 0.36 | 0.64 | 0.68 | 0.61 | -0.38 | ||
| 0.68 | 0.87 | 0.88 | 0.61 | -0.14 | ||
| -0.12 | 0.05 | -0.1 | -0.38 | -0.14 |
Click cells to compare fundamentals
Goodyear Revenue Historical Pattern
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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Goodyear Tire revenue as a starting point in their analysis.
Goodyear Tire Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Goodyear Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Goodyear Tire Rubber reported 20.07 B of revenue. This is 181.44% higher than that of the Automobile Components sector and 295.14% higher than that of the Consumer Discretionary industry. The revenue for all United States stocks is 112.68% lower than that of the firm.
Goodyear Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goodyear Tire's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Goodyear Tire could also be used in its relative valuation, which is a method of valuing Goodyear Tire by comparing valuation metrics of similar companies.Goodyear Tire is currently under evaluation in revenue category among related companies.
Goodyear Tire ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Goodyear Tire's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Goodyear Tire's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Goodyear Tire Institutional Holders
Institutional Holdings refers to the ownership stake in Goodyear Tire that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Goodyear Tire's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Goodyear Tire's value.| Shares | Norges Bank | 2023-12-31 | 4.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 4.5 M | Citadel Advisors Llc | 2023-09-30 | 4.2 M | Electron Capital Partners, Llc | 2023-12-31 | 4 M | Jacobs Levy Equity Management, Inc. | 2023-09-30 | 3.9 M | Northern Trust Corp | 2023-12-31 | 3.9 M | Newport Trust Co. | 2023-12-31 | 3.4 M | Fisher Asset Management, Llc | 2023-12-31 | 3.3 M | Charles Schwab Investment Management Inc | 2023-12-31 | 3.1 M | Blackrock Inc | 2023-12-31 | 36 M | Vanguard Group Inc | 2023-12-31 | 29.1 M |
Goodyear Fundamentals
| Return On Equity | -0.13 | ||||
| Return On Asset | 0.0152 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 11.28 B | ||||
| Shares Outstanding | 284.15 M | ||||
| Shares Owned By Insiders | 0.66 % | ||||
| Shares Owned By Institutions | 86.10 % | ||||
| Number Of Shares Shorted | 18.91 M | ||||
| Price To Earning | 3.22 X | ||||
| Price To Book | 0.75 X | ||||
| Price To Sales | 0.17 X | ||||
| Revenue | 20.07 B | ||||
| Gross Profit | 3.88 B | ||||
| EBITDA | 1.57 B | ||||
| Net Income | (687 M) | ||||
| Cash And Equivalents | 1.25 B | ||||
| Cash Per Share | 4.41 X | ||||
| Total Debt | 8.65 B | ||||
| Debt To Equity | 1.77 % | ||||
| Current Ratio | 1.29 X | ||||
| Book Value Per Share | 16.45 X | ||||
| Cash Flow From Operations | 1.03 B | ||||
| Short Ratio | 7.23 X | ||||
| Earnings Per Share | (2.42) X | ||||
| Price To Earnings To Growth | 1.67 X | ||||
| Target Price | 15.3 | ||||
| Number Of Employees | 71 K | ||||
| Beta | 1.85 | ||||
| Market Capitalization | 3.36 B | ||||
| Total Asset | 21.58 B | ||||
| Retained Earnings | 5.09 B | ||||
| Working Capital | 503 M | ||||
| Current Asset | 5.18 B | ||||
| Current Liabilities | 3.95 B | ||||
| Five Year Return | 2.81 % | ||||
| Net Asset | 21.58 B |
About Goodyear Tire Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Goodyear Tire Rubber's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goodyear Tire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goodyear Tire Rubber based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Complementary 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.
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Is Goodyear Tire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodyear Tire. If investors know Goodyear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodyear Tire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.66) | Earnings Share (2.42) | Revenue Per Share 70.407 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0152 |
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.