THE GOODYEAR TIRE & RUBBER COMPANY |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.84 USD | +1.30% |
|
+3.36% | -10.93% |
| 01:19pm | Nomura Trims The Goodyear Tire & Rubber Price Target to $12 From $13, Maintains Neutral Rating | MT |
| May. 07 | Transcript : The Goodyear Tire & Rubber Company, Q1 2024 Earnings Call, May 07, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,618 | 2,543 | 5,997 | 2,871 | 4,060 | 3,607 | - | - |
| Enterprise Value (EV) 1 | 8,572 | 6,994 | 12,306 | 9,534 | 10,782 | 11,036 | 11,084 | 11,124 |
| P/E ratio | -11.7 x | -2.04 x | 7.38 x | 14.3 x | -5.92 x | 16.5 x | 9.57 x | 9.9 x |
| Yield | 4.11% | 1.47% | - | - | - | - | - | - |
| Capitalization / Revenue | 0.25 x | 0.21 x | 0.34 x | 0.14 x | 0.2 x | 0.18 x | 0.18 x | 0.18 x |
| EV / Revenue | 0.58 x | 0.57 x | 0.7 x | 0.46 x | 0.54 x | 0.56 x | 0.55 x | 0.56 x |
| EV / EBITDA | 5.31 x | 10.7 x | 6.25 x | 4.72 x | 6.36 x | 5.09 x | 4.47 x | 4.33 x |
| EV / FCF | 28.7 x | 14.9 x | 152 x | -17.7 x | -599 x | -48.9 x | 89 x | -618 x |
| FCF Yield | 3.49% | 6.69% | 0.66% | -5.66% | -0.17% | -2.04% | 1.12% | -0.16% |
| Price to Book | 0.83 x | 0.83 x | 1.2 x | 0.54 x | 0.87 x | 0.71 x | 0.68 x | 0.66 x |
| Nbr of stocks (in thousands) | 232,564 | 233,134 | 281,293 | 282,861 | 283,548 | 284,687 | - | - |
| Reference price 2 | 15.56 | 10.91 | 21.32 | 10.15 | 14.32 | 12.67 | 12.67 | 12.67 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/11/22 | 2/8/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,745 | 12,321 | 17,478 | 20,805 | 20,066 | 19,798 | 20,065 | 20,008 |
| EBITDA 1 | 1,615 | 651 | 1,970 | 2,018 | 1,696 | 2,167 | 2,478 | 2,568 |
| EBIT 1 | 820 | -208 | 1,087 | 1,054 | 720 | 1,092 | 1,370 | 1,497 |
| Operating Margin | 5.56% | -1.69% | 6.22% | 5.07% | 3.59% | 5.51% | 6.83% | 7.48% |
| Earnings before Tax (EBT) 1 | 177 | -1,140 | 513 | 399 | -677 | 399 | 616 | 522.4 |
| Net income 1 | -311 | -1,254 | 764 | 202 | -689 | 255.5 | 426.5 | 365 |
| Net margin | -2.11% | -10.18% | 4.37% | 0.97% | -3.43% | 1.29% | 2.13% | 1.82% |
| EPS 2 | -1.330 | -5.350 | 2.890 | 0.7100 | -2.420 | 0.7667 | 1.323 | 1.280 |
| Free Cash Flow 1 | 299 | 468 | 81 | -540 | -18 | -225.5 | 124.5 | -18 |
| FCF margin | 2.03% | 3.8% | 0.46% | -2.6% | -0.09% | -1.14% | 0.62% | -0.09% |
| FCF Conversion (EBITDA) | 18.51% | 71.89% | 4.11% | - | - | - | 5.02% | - |
| FCF Conversion (Net income) | - | - | 10.6% | - | - | - | 29.19% | - |
| Dividend per Share 2 | 0.6400 | 0.1600 | - | - | - | - | - | - |
| Announcement Date | 2/11/20 | 2/9/21 | 2/11/22 | 2/8/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,054 | 4,908 | 5,212 | 5,311 | 5,374 | 4,941 | 4,867 | 5,142 | 5,116 | 4,537 | 4,811 | 5,166 | 5,232 | 4,830 | 5,182 |
| EBITDA 1 | 573 | 498 | 480 | 547 | 445 | 335 | 362 | 543 | 562 | 495 | 475.5 | 575.2 | 620.9 | - | - |
| EBIT 1 | 335 | 254 | 323 | 310 | 167 | 84 | 107 | 298 | 312 | 211 | 227.5 | 325 | 323.5 | - | - |
| Operating Margin | 6.63% | 5.18% | 6.2% | 5.84% | 3.11% | 1.7% | 2.2% | 5.8% | 6.1% | 4.65% | 4.73% | 6.29% | 6.18% | - | - |
| Earnings before Tax (EBT) 1 | 195 | 134 | 252 | 106 | -93 | -100 | -210 | -59 | -308 | -52 | 59 | 148 | 188.5 | 28 | 178 |
| Net income 1 | 553 | 96 | 166 | 44 | -104 | -101 | -208 | -89 | -291 | -57 | 38 | 102 | 129.5 | 14 | 120 |
| Net margin | 10.94% | 1.96% | 3.18% | 0.83% | -1.94% | -2.04% | -4.27% | -1.73% | -5.69% | -1.26% | 0.79% | 1.97% | 2.48% | 0.29% | 2.32% |
| EPS 2 | 1.930 | 0.3300 | 0.5800 | 0.1600 | -0.3600 | -0.3500 | -0.7300 | -0.3100 | -1.020 | -0.2000 | 0.1350 | 0.3600 | 0.4500 | 0.0500 | 0.4200 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/11/22 | 5/6/22 | 8/5/22 | 10/31/22 | 2/8/23 | 5/4/23 | 8/2/23 | 11/6/23 | 2/12/24 | 5/6/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,954 | 4,451 | 6,309 | 6,663 | 6,722 | 7,429 | 7,477 | 7,517 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.067 x | 6.837 x | 3.203 x | 3.302 x | 3.963 x | 3.428 x | 3.017 x | 2.927 x |
| Free Cash Flow 1 | 299 | 468 | 81 | -540 | -18 | -226 | 125 | -18 |
| ROE (net income / shareholders' equity) | 5.49% | -12.1% | 13.7% | 7.22% | 1.22% | 7% | 10.3% | 10.7% |
| ROA (Net income/ Total Assets) | 1.49% | -2.66% | 2.92% | 1.7% | 0.28% | 1.71% | 2.97% | 3.51% |
| Assets 1 | -20,932 | 47,152 | 26,186 | 11,901 | -248,566 | 14,909 | 14,351 | 10,398 |
| Book Value Per Share 2 | 18.70 | 13.20 | 17.70 | 18.70 | 16.40 | 17.90 | 18.50 | 19.30 |
| Cash Flow per Share 2 | 5.180 | 4.770 | 4.020 | 1.820 | 3.620 | 2.800 | 3.300 | 5.000 |
| Capex 1 | 770 | 647 | 981 | 1,061 | 1,050 | 1,233 | 1,151 | 1,143 |
| Capex / Sales | 5.22% | 5.25% | 5.61% | 5.1% | 5.23% | 6.23% | 5.73% | 5.71% |
| Announcement Date | 2/11/20 | 2/9/21 | 2/11/22 | 2/8/23 | 2/12/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
12.67
USD
Average target price
15.17
USD
Spread / Average Target
+19.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.93% | 3.61B | |
| +16.92% | 29.95B | |
| +45.11% | 7.05B | |
| +25.21% | 4.1B | |
| -1.54% | 3.6B | |
| +49.76% | 3.46B | |
| +23.07% | 3.18B | |
| +23.60% | 2.84B | |
| +8.28% | 2.51B | |
| -0.29% | 1.22B |
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