Intrinsic value of Goodyear Tire&Rubber - GT

Previous Close

$24.01

  Intrinsic Value

$38.19

stock screener

  Rating & Target

str. buy

+59%

Previous close

$24.01

 
Intrinsic value

$38.19

 
Up/down potential

+59%

 
Rating

str. buy

We calculate the intrinsic value of GT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  15,685
  16,045
  16,458
  16,921
  17,434
  17,996
  18,609
  19,273
  19,988
  20,755
  21,575
  22,451
  23,383
  24,374
  25,425
  26,540
  27,719
  28,966
  30,284
  31,676
  33,144
  34,692
  36,325
  38,044
  39,855
  41,762
  43,769
  45,882
  48,104
  50,441
Variable operating expenses, $m
  14,052
  14,373
  14,741
  15,153
  15,611
  16,112
  16,659
  17,250
  17,887
  18,570
  19,228
  20,009
  20,840
  21,723
  22,660
  23,653
  24,704
  25,816
  26,990
  28,230
  29,539
  30,919
  32,373
  33,906
  35,520
  37,220
  39,009
  40,891
  42,871
  44,954
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  14,052
  14,373
  14,741
  15,153
  15,611
  16,112
  16,659
  17,250
  17,887
  18,570
  19,228
  20,009
  20,840
  21,723
  22,660
  23,653
  24,704
  25,816
  26,990
  28,230
  29,539
  30,919
  32,373
  33,906
  35,520
  37,220
  39,009
  40,891
  42,871
  44,954
Operating income, $m
  1,633
  1,672
  1,717
  1,767
  1,823
  1,884
  1,951
  2,023
  2,101
  2,184
  2,347
  2,442
  2,543
  2,651
  2,766
  2,887
  3,015
  3,151
  3,294
  3,445
  3,605
  3,774
  3,951
  4,138
  4,335
  4,543
  4,761
  4,991
  5,232
  5,487
EBITDA, $m
  2,517
  2,575
  2,641
  2,715
  2,798
  2,888
  2,986
  3,093
  3,207
  3,331
  3,462
  3,603
  3,752
  3,911
  4,080
  4,259
  4,448
  4,648
  4,860
  5,083
  5,319
  5,567
  5,829
  6,105
  6,396
  6,702
  7,024
  7,363
  7,719
  8,094
Interest expense (income), $m
  351
  344
  359
  376
  396
  418
  442
  469
  498
  530
  564
  600
  640
  681
  726
  773
  823
  876
  933
  992
  1,055
  1,121
  1,191
  1,265
  1,343
  1,425
  1,511
  1,602
  1,698
  1,799
  1,904
Earnings before tax, $m
  1,289
  1,313
  1,341
  1,372
  1,405
  1,442
  1,482
  1,525
  1,571
  1,620
  1,746
  1,802
  1,862
  1,925
  1,993
  2,064
  2,139
  2,218
  2,302
  2,391
  2,484
  2,582
  2,686
  2,795
  2,910
  3,031
  3,159
  3,293
  3,434
  3,582
Tax expense, $m
  348
  355
  362
  370
  379
  389
  400
  412
  424
  437
  472
  487
  503
  520
  538
  557
  577
  599
  622
  645
  671
  697
  725
  755
  786
  818
  853
  889
  927
  967
Net income, $m
  941
  959
  979
  1,001
  1,026
  1,053
  1,082
  1,113
  1,147
  1,183
  1,275
  1,316
  1,359
  1,406
  1,455
  1,506
  1,561
  1,619
  1,681
  1,745
  1,813
  1,885
  1,961
  2,041
  2,125
  2,213
  2,306
  2,404
  2,507
  2,615

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  17,408
  17,808
  18,266
  18,780
  19,349
  19,974
  20,654
  21,390
  22,184
  23,035
  23,946
  24,918
  25,952
  27,052
  28,219
  29,456
  30,765
  32,149
  33,612
  35,156
  36,786
  38,504
  40,316
  42,224
  44,235
  46,351
  48,579
  50,923
  53,389
  55,983
Adjusted assets (=assets-cash), $m
  17,408
  17,808
  18,266
  18,780
  19,349
  19,974
  20,654
  21,390
  22,184
  23,035
  23,946
  24,918
  25,952
  27,052
  28,219
  29,456
  30,765
  32,149
  33,612
  35,156
  36,786
  38,504
  40,316
  42,224
  44,235
  46,351
  48,579
  50,923
  53,389
  55,983
Revenue / Adjusted assets
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
  0.901
Average production assets, $m
  8,109
  8,295
  8,509
  8,748
  9,013
  9,304
  9,621
  9,964
  10,334
  10,730
  11,154
  11,607
  12,089
  12,601
  13,145
  13,721
  14,331
  14,976
  15,657
  16,376
  17,135
  17,936
  18,780
  19,669
  20,605
  21,591
  22,629
  23,721
  24,870
  26,078
Working capital, $m
  -16
  -16
  -16
  -17
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -22
  -23
  -24
  -25
  -27
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -50
Total debt, $m
  5,979
  6,266
  6,593
  6,961
  7,369
  7,816
  8,303
  8,831
  9,399
  10,008
  10,660
  11,356
  12,097
  12,884
  13,720
  14,605
  15,543
  16,534
  17,581
  18,687
  19,854
  21,084
  22,381
  23,748
  25,187
  26,702
  28,297
  29,976
  31,742
  33,599
Total liabilities, $m
  12,464
  12,751
  13,078
  13,446
  13,854
  14,301
  14,788
  15,316
  15,884
  16,493
  17,145
  17,841
  18,582
  19,369
  20,205
  21,090
  22,028
  23,019
  24,066
  25,172
  26,339
  27,569
  28,866
  30,233
  31,672
  33,187
  34,782
  36,461
  38,227
  40,084
Total equity, $m
  4,944
  5,058
  5,188
  5,333
  5,495
  5,673
  5,866
  6,075
  6,300
  6,542
  6,801
  7,077
  7,371
  7,683
  8,014
  8,365
  8,737
  9,130
  9,546
  9,984
  10,447
  10,935
  11,450
  11,992
  12,563
  13,164
  13,796
  14,462
  15,163
  15,899
Total liabilities and equity, $m
  17,408
  17,809
  18,266
  18,779
  19,349
  19,974
  20,654
  21,391
  22,184
  23,035
  23,946
  24,918
  25,953
  27,052
  28,219
  29,455
  30,765
  32,149
  33,612
  35,156
  36,786
  38,504
  40,316
  42,225
  44,235
  46,351
  48,578
  50,923
  53,390
  55,983
Debt-to-equity ratio
  1.210
  1.240
  1.270
  1.310
  1.340
  1.380
  1.420
  1.450
  1.490
  1.530
  1.570
  1.600
  1.640
  1.680
  1.710
  1.750
  1.780
  1.810
  1.840
  1.870
  1.900
  1.930
  1.950
  1.980
  2.000
  2.030
  2.050
  2.070
  2.090
  2.110
Adjusted equity ratio
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284
  0.284

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  941
  959
  979
  1,001
  1,026
  1,053
  1,082
  1,113
  1,147
  1,183
  1,275
  1,316
  1,359
  1,406
  1,455
  1,506
  1,561
  1,619
  1,681
  1,745
  1,813
  1,885
  1,961
  2,041
  2,125
  2,213
  2,306
  2,404
  2,507
  2,615
Depreciation, amort., depletion, $m
  884
  903
  924
  948
  975
  1,004
  1,036
  1,070
  1,107
  1,146
  1,115
  1,161
  1,209
  1,260
  1,314
  1,372
  1,433
  1,498
  1,566
  1,638
  1,714
  1,794
  1,878
  1,967
  2,061
  2,159
  2,263
  2,372
  2,487
  2,608
Funds from operations, $m
  1,825
  1,862
  1,903
  1,949
  2,001
  2,056
  2,117
  2,183
  2,253
  2,329
  2,390
  2,476
  2,568
  2,666
  2,769
  2,879
  2,994
  3,117
  3,246
  3,383
  3,527
  3,679
  3,839
  4,007
  4,185
  4,372
  4,569
  4,776
  4,994
  5,223
Change in working capital, $m
  0
  0
  0
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
Cash from operations, $m
  1,826
  1,862
  1,903
  1,950
  2,001
  2,057
  2,118
  2,184
  2,254
  2,330
  2,391
  2,477
  2,569
  2,667
  2,770
  2,880
  2,996
  3,118
  3,248
  3,384
  3,528
  3,680
  3,840
  4,009
  4,187
  4,374
  4,571
  4,778
  4,996
  5,225
Maintenance CAPEX, $m
  -795
  -811
  -830
  -851
  -875
  -901
  -930
  -962
  -996
  -1,033
  -1,073
  -1,115
  -1,161
  -1,209
  -1,260
  -1,314
  -1,372
  -1,433
  -1,498
  -1,566
  -1,638
  -1,714
  -1,794
  -1,878
  -1,967
  -2,061
  -2,159
  -2,263
  -2,372
  -2,487
New CAPEX, $m
  -161
  -187
  -213
  -239
  -265
  -291
  -317
  -343
  -370
  -397
  -424
  -453
  -482
  -512
  -544
  -576
  -610
  -645
  -681
  -719
  -759
  -801
  -844
  -889
  -936
  -986
  -1,038
  -1,092
  -1,149
  -1,208
Cash from investing activities, $m
  -956
  -998
  -1,043
  -1,090
  -1,140
  -1,192
  -1,247
  -1,305
  -1,366
  -1,430
  -1,497
  -1,568
  -1,643
  -1,721
  -1,804
  -1,890
  -1,982
  -2,078
  -2,179
  -2,285
  -2,397
  -2,515
  -2,638
  -2,767
  -2,903
  -3,047
  -3,197
  -3,355
  -3,521
  -3,695
Free cash flow, $m
  870
  865
  861
  860
  861
  865
  871
  878
  888
  900
  894
  909
  926
  946
  966
  989
  1,014
  1,040
  1,069
  1,099
  1,132
  1,166
  1,203
  1,242
  1,284
  1,328
  1,374
  1,423
  1,475
  1,530
Issuance/(repayment) of debt, $m
  250
  287
  328
  368
  408
  447
  487
  527
  568
  610
  652
  696
  741
  787
  836
  885
  937
  991
  1,047
  1,106
  1,167
  1,230
  1,297
  1,367
  1,439
  1,515
  1,595
  1,678
  1,766
  1,857
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  250
  287
  328
  368
  408
  447
  487
  527
  568
  610
  652
  696
  741
  787
  836
  885
  937
  991
  1,047
  1,106
  1,167
  1,230
  1,297
  1,367
  1,439
  1,515
  1,595
  1,678
  1,766
  1,857
Total cash flow (excl. dividends), $m
  1,120
  1,151
  1,188
  1,228
  1,269
  1,312
  1,358
  1,406
  1,456
  1,510
  1,546
  1,605
  1,667
  1,733
  1,802
  1,875
  1,951
  2,031
  2,116
  2,205
  2,298
  2,397
  2,500
  2,609
  2,723
  2,843
  2,969
  3,102
  3,241
  3,387
Retained Cash Flow (-), $m
  -94
  -114
  -130
  -146
  -162
  -177
  -193
  -209
  -225
  -242
  -259
  -276
  -294
  -312
  -331
  -351
  -372
  -393
  -415
  -439
  -463
  -488
  -514
  -542
  -571
  -601
  -633
  -666
  -700
  -737
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,026
  1,037
  1,058
  1,082
  1,107
  1,135
  1,164
  1,197
  1,231
  1,268
  1,287
  1,329
  1,373
  1,421
  1,471
  1,523
  1,579
  1,638
  1,701
  1,766
  1,836
  1,909
  1,986
  2,067
  2,152
  2,242
  2,336
  2,436
  2,540
  2,650
Discount rate, %
  6.80
  7.14
  7.50
  7.87
  8.27
  8.68
  9.11
  9.57
  10.05
  10.55
  11.08
  11.63
  12.21
  12.82
  13.46
  14.14
  14.84
  15.59
  16.37
  17.18
  18.04
  18.94
  19.89
  20.89
  21.93
  23.03
  24.18
  25.39
  26.66
  27.99
PV of cash for distribution, $m
  961
  904
  852
  799
  744
  689
  632
  576
  520
  465
  405
  355
  307
  262
  221
  184
  150
  121
  95
  74
  56
  42
  31
  22
  15
  10
  7
  4
  3
  2
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications. The Europe, the Middle East and Africa (EMEA) segment develops, manufactures, distributes and sells tires for automobiles, trucks, buses, aircraft, motorcycles, and earthmoving, mining and industrial equipment throughout EMEA under the Goodyear, Dunlop, Debica, Sava and Fulda brands. The Asia Pacific segment develops, manufactures, distributes and sells tires for automobiles, trucks, aircraft, farm, and earthmoving, mining and industrial equipment throughout the Asia Pacific region, and sells tires to various export markets.

FINANCIAL RATIOS  of  Goodyear Tire&Rubber (GT)

Valuation Ratios
P/E Ratio 4.8
Price to Sales 0.4
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow 4
Price to Free Cash Flow 11.9
Growth Rates
Sales Growth Rate -7.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 1.3%
Cap. Spend. - 3 Yr. Gr. Rate -3.1%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 106.5%
Total Debt to Equity 121.6%
Interest Coverage 4
Management Effectiveness
Return On Assets 10%
Ret/ On Assets - 3 Yr. Avg. 11.9%
Return On Total Capital 12.9%
Ret/ On T. Cap. - 3 Yr. Avg. 14.5%
Return On Equity 30%
Return On Equity - 3 Yr. Avg. 44.1%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 27.6%
Gross Margin - 3 Yr. Avg. 25.7%
EBITDA Margin 15.1%
EBITDA Margin - 3 Yr. Avg. 12%
Operating Margin 10%
Oper. Margin - 3 Yr. Avg. 7.9%
Pre-Tax Margin 8%
Pre-Tax Margin - 3 Yr. Avg. 5.1%
Net Profit Margin 8.3%
Net Profit Margin - 3 Yr. Avg. 7.9%
Effective Tax Rate -6.4%
Eff/ Tax Rate - 3 Yr. Avg. -78.4%
Payout Ratio 6.5%

GT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GT stock intrinsic value calculation we used $15377 million for the last fiscal year's total revenue generated by Goodyear Tire&Rubber. The default revenue input number comes from 2017 income statement of Goodyear Tire&Rubber. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GT stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.8%, whose default value for GT is calculated based on our internal credit rating of Goodyear Tire&Rubber, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Goodyear Tire&Rubber.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GT stock the variable cost ratio is equal to 89.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6% for Goodyear Tire&Rubber.

Corporate tax rate of 27% is the nominal tax rate for Goodyear Tire&Rubber. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GT are equal to 51.7%.

Life of production assets of 10 years is the average useful life of capital assets used in Goodyear Tire&Rubber operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GT is equal to -0.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4850 million for Goodyear Tire&Rubber - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 249 million for Goodyear Tire&Rubber is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Goodyear Tire&Rubber at the current share price and the inputted number of shares is $6.0 billion.

RELATED COMPANIES Price Int.Val. Rating
CTB Cooper Tire&Ru 29.75 61.42  str.buy

COMPANY NEWS

▶ Best Low P/E Stocks to Buy Today   [Jul-31-18 08:36AM  Motley Fool]
▶ [$$] American Tire Distributors Starts Talks With Bondholders   [Jul-30-18 06:39PM  The Wall Street Journal]
▶ A Preview Of Goodyear Tire & Rubber's Q2 Earnings   [Jul-26-18 02:37PM  Benzinga]
▶ The 5 Worst S&P 500 Stocks of 2018 (So Far)   [Jul-18-18 09:17AM  Motley Fool]
▶ Goodyear Declares Dividend on Common Stock   [Jul-16-18 05:00PM  PR Newswire]
▶ 3 Top Stocks On Sale This Quarter   [Jul-07-18 08:47AM  Motley Fool]
▶ Bear Of The Day: Goodyear Tire (GT)   [Jul-02-18 07:34AM  Zacks]
▶ Goodyear CFO Laura Thompson To Retire in 2019   [Jun-18-18 05:22PM  The Wall Street Journal]
▶ Tuesday's Market Sell-Off: The 52 Week Highs and Lows   [May-29-18 06:48PM  TheStreet.com]
▶ The NBA jersey sponsor patches are working   [May-24-18 09:22AM  Yahoo Finance]
▶ [$$] Moody's Downgrades American Tire Distributors   [May-14-18 04:20PM  The Wall Street Journal]
▶ 3 Growth Stocks at Deep-Value Prices   [May-11-18 09:16AM  Motley Fool]
▶ Markets Right Now: Mixed finish for US stock indexes   [Apr-25-18 04:09PM  Associated Press]
▶ Goodyear: 1Q Earnings Snapshot   [07:51AM  Associated Press]
▶ Goodyear profit more than halves   [07:45AM  Reuters]
▶ [$$] 4 Cheap Stocks With Growth Potential   [Apr-21-18 12:01AM  Barrons.com]
▶ Goodyear Declares Dividend on Common Stock   [Apr-10-18 08:30AM  PR Newswire]
▶ Goodyear Holds Annual Meeting, Re-elects Directors   [Apr-09-18 05:00PM  PR Newswire]
▶ Closing Bell: LIVE MARKETS BLOG   [Apr-06-18 04:11PM  TheStreet.com]
▶ Goodyear Denies Tire-Defect Allegations   [12:00AM  The Wall Street Journal]
▶ Goodyear Names 35th Highway Hero   [Mar-23-18 09:00AM  PR Newswire]
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