Goodyear Tire Rubber Stock Z Score

GT Stock

USD 11.84 0.10 0.85%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Goodyear Tire Piotroski F Score and Goodyear Tire Valuation analysis.

At this time, Goodyear Tire's Additional Paid In Capital is comparatively stable compared to the past year. Net Working Capital is likely to gain to about 697.8 M in 2024, whereas Capital Stock is likely to drop slightly above 283.6 M in 2024. At this time, Goodyear Tire's Interest Expense is comparatively stable compared to the past year. Gross Profit is likely to gain to about 3.7 B in 2024, whereas Other Operating Expenses is likely to drop slightly above 15.8 B in 2024.

Goodyear Tire Rubber Company Z Score Analysis

Goodyear Tire's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Goodyear Z Score 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 Z Score. 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.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.26	0.66	0.29	0.8	0.91	0.74	0.5	0.95	0.32	0.05	0.93	0.58	0.81	0.54	0.28	0.42	0.72	0.27	0.4	0.41	0.39	0.52	-0.02	0.52
Total Stockholder Equity	0.26		0.56	0.94	-0.26	-0.18	-0.4	0.66	0.16	0.36	-0.5	0.26	0.25	0.5	0.02	0.62	0.71	0.34	-0.05	0.78	0.77	0.73	0.39	0.0	0.37
Net Debt	0.66	0.56		0.54	0.38	0.43	0.19	0.77	0.59	0.7	-0.29	0.73	0.55	0.81	0.36	0.68	0.86	0.72	-0.13	0.66	0.72	0.77	0.71	-0.33	0.83
Retained Earnings	0.29	0.94	0.54		-0.26	-0.11	-0.38	0.72	0.16	0.14	-0.5	0.24	0.05	0.47	-0.1	0.67	0.68	0.19	-0.27	0.86	0.84	0.8	0.19	-0.07	0.19
Net Receivables	0.8	-0.26	0.38	-0.26		0.92	0.94	0.14	0.84	0.27	0.42	0.72	0.56	0.5	0.57	-0.04	0.12	0.56	0.3	-0.04	-0.02	0.01	0.48	0.06	0.44
Total Liab	0.91	-0.18	0.43	-0.11	0.92		0.92	0.22	0.9	0.17	0.27	0.83	0.48	0.6	0.54	0.02	0.11	0.59	0.3	0.06	0.08	0.07	0.35	-0.02	0.36
Total Current Assets	0.74	-0.4	0.19	-0.38	0.94	0.92		-0.07	0.77	0.08	0.48	0.67	0.46	0.33	0.61	-0.22	-0.07	0.44	0.38	-0.25	-0.23	-0.22	0.31	0.2	0.24
Short Term Debt	0.5	0.66	0.77	0.72	0.14	0.22	-0.07		0.46	0.41	-0.15	0.37	0.26	0.7	0.04	0.74	0.67	0.34	-0.31	0.88	0.89	0.95	0.38	-0.44	0.51
Accounts Payable	0.95	0.16	0.59	0.16	0.84	0.9	0.77	0.46		0.41	0.19	0.86	0.67	0.79	0.65	0.29	0.29	0.72	0.34	0.3	0.32	0.29	0.58	0.04	0.57
Intangible Assets	0.32	0.36	0.7	0.14	0.27	0.17	0.08	0.41	0.41		-0.14	0.44	0.82	0.61	0.47	0.47	0.53	0.7	0.23	0.22	0.3	0.37	0.91	-0.16	0.97
Common Stock	0.05	-0.5	-0.29	-0.5	0.42	0.27	0.48	-0.15	0.19	-0.14		-0.12	0.0	-0.25	0.15	-0.3	-0.37	-0.2	0.09	-0.36	-0.36	-0.34	-0.09	0.1	-0.13
Long Term Debt	0.93	0.26	0.73	0.24	0.72	0.83	0.67	0.37	0.86	0.44	-0.12		0.61	0.8	0.6	0.28	0.51	0.86	0.3	0.3	0.33	0.3	0.59	-0.03	0.62
Good Will	0.58	0.25	0.55	0.05	0.56	0.48	0.46	0.26	0.67	0.82	0.0	0.61		0.6	0.7	0.28	0.27	0.67	0.51	0.07	0.11	0.18	0.92	0.2	0.82
Property Plant Equipment	0.81	0.5	0.81	0.47	0.5	0.6	0.33	0.7	0.79	0.61	-0.25	0.8	0.6		0.35	0.6	0.6	0.86	0.11	0.56	0.6	0.61	0.63	-0.34	0.73
Current Deferred Revenue	0.54	0.02	0.36	-0.1	0.57	0.54	0.61	0.04	0.65	0.47	0.15	0.6	0.7	0.35		0.01	0.2	0.52	0.5	-0.07	-0.04	-0.07	0.64	0.52	0.52
Short Term Investments	0.28	0.62	0.68	0.67	-0.04	0.02	-0.22	0.74	0.29	0.47	-0.3	0.28	0.28	0.6	0.01		0.58	0.34	-0.49	0.7	0.69	0.73	0.37	-0.33	0.5
Net Tangible Assets	0.42	0.71	0.86	0.68	0.12	0.11	-0.07	0.67	0.29	0.53	-0.37	0.51	0.27	0.6	0.2	0.58		0.57	-0.24	0.71	0.75	0.77	0.57	-0.2	0.63
Long Term Debt Total	0.72	0.34	0.72	0.19	0.56	0.59	0.44	0.34	0.72	0.7	-0.2	0.86	0.67	0.86	0.52	0.34	0.57		0.36	0.24	0.29	0.28	0.74	-0.17	0.79
Capital Surpluse	0.27	-0.05	-0.13	-0.27	0.3	0.3	0.38	-0.31	0.34	0.23	0.09	0.3	0.51	0.11	0.5	-0.49	-0.24	0.36		-0.36	-0.34	-0.41	0.34	0.4	0.19
Deferred Long Term Liab	0.4	0.78	0.66	0.86	-0.04	0.06	-0.25	0.88	0.3	0.22	-0.36	0.3	0.07	0.56	-0.07	0.7	0.71	0.24	-0.36		0.99	0.93	0.24	-0.25	0.32
Long Term Investments	0.41	0.77	0.72	0.84	-0.02	0.08	-0.23	0.89	0.32	0.3	-0.36	0.33	0.11	0.6	-0.04	0.69	0.75	0.29	-0.34	0.99		0.95	0.3	-0.29	0.4
Short Long Term Debt	0.39	0.73	0.77	0.8	0.01	0.07	-0.22	0.95	0.29	0.37	-0.34	0.3	0.18	0.61	-0.07	0.73	0.77	0.28	-0.41	0.93	0.95		0.36	-0.4	0.47
Net Invested Capital	0.52	0.39	0.71	0.19	0.48	0.35	0.31	0.38	0.58	0.91	-0.09	0.59	0.92	0.63	0.64	0.37	0.57	0.74	0.34	0.24	0.3	0.36		0.13	0.93
Net Working Capital	-0.02	0.0	-0.33	-0.07	0.06	-0.02	0.2	-0.44	0.04	-0.16	0.1	-0.03	0.2	-0.34	0.52	-0.33	-0.2	-0.17	0.4	-0.25	-0.29	-0.4	0.13		-0.2
Capital Stock	0.52	0.37	0.83	0.19	0.44	0.36	0.24	0.51	0.57	0.97	-0.13	0.62	0.82	0.73	0.52	0.5	0.63	0.79	0.19	0.32	0.4	0.47	0.93	-0.2

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Goodyear Tire

According to the company's disclosures, Goodyear Tire Rubber has a Z Score of 0.0. This is 100.0% lower than that of the Automobile Components sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

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.

Goodyear Tire Investors Sentiment

The influence of Goodyear Tire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Goodyear. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Goodyear Tire's public news can be used to forecast risks associated with an investment in Goodyear. The trend in average sentiment can be used to explain how an investor holding Goodyear can time the market purely based on public headlines and social activities around Goodyear Tire Rubber. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Goodyear Tire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Goodyear Tire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Goodyear Tire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Goodyear Tire.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goodyear Tire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goodyear Tire's short interest history, or implied volatility extrapolated from Goodyear Tire options trading.

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When determining whether Goodyear Tire Rubber is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Goodyear Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Goodyear Tire Rubber Stock. Highlighted below are key reports to facilitate an investment decision about Goodyear Tire Rubber Stock:

How To Invest In Goodyear

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Is Goodyear Stock a good investment?

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What is Goodyear Tire's Net Worth?

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Check out Goodyear Tire Piotroski F Score and Goodyear Tire Valuation analysis.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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.

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Goodyear Tire Rubber Stock Z Score

Goodyear Tire Rubber Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Goodyear Z Score Driver Correlations

Goodyear Tire ESG Sustainability

Goodyear Tire Institutional Holders

Goodyear Fundamentals

About Goodyear Tire Fundamental Analysis

Goodyear Tire Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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