Intrinsic value of Goodyear Tire&Rubber - GT

Previous Close

$20.27

  Intrinsic Value

$42.91

stock screener

  Rating & Target

str. buy

+112%

Previous close

$20.27

 
Intrinsic value

$42.91

 
Up/down potential

+112%

 
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 0001), $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 4.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.20
  4.28
  4.35
  4.42
  4.48
  4.53
  4.57
  4.62
  4.66
  4.69
  4.72
  4.75
  4.77
  4.80
  4.82
  4.84
  4.85
  4.87
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
  4.96
Revenue, $m
  16,023
  16,709
  17,436
  18,206
  19,021
  19,882
  20,791
  21,751
  22,764
  23,832
  24,957
  26,142
  27,390
  28,704
  30,086
  31,541
  33,072
  34,681
  36,373
  38,153
  40,023
  41,989
  44,056
  46,227
  48,509
  50,907
  53,426
  56,072
  58,852
  61,773
Variable operating expenses, $m
  14,353
  14,965
  15,613
  16,299
  17,025
  17,793
  18,603
  19,459
  20,361
  21,313
  22,242
  23,298
  24,411
  25,582
  26,814
  28,110
  29,474
  30,909
  32,417
  34,003
  35,670
  37,422
  39,264
  41,199
  43,233
  45,370
  47,615
  49,973
  52,451
  55,054
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
  14,353
  14,965
  15,613
  16,299
  17,025
  17,793
  18,603
  19,459
  20,361
  21,313
  22,242
  23,298
  24,411
  25,582
  26,814
  28,110
  29,474
  30,909
  32,417
  34,003
  35,670
  37,422
  39,264
  41,199
  43,233
  45,370
  47,615
  49,973
  52,451
  55,054
Operating income, $m
  1,669
  1,744
  1,823
  1,907
  1,996
  2,089
  2,188
  2,293
  2,403
  2,519
  2,715
  2,844
  2,979
  3,122
  3,273
  3,431
  3,597
  3,772
  3,956
  4,150
  4,353
  4,567
  4,792
  5,028
  5,277
  5,537
  5,811
  6,099
  6,402
  6,719
EBITDA, $m
  2,519
  2,627
  2,741
  2,862
  2,990
  3,126
  3,268
  3,419
  3,579
  3,746
  3,923
  4,110
  4,306
  4,512
  4,730
  4,958
  5,199
  5,452
  5,718
  5,998
  6,292
  6,601
  6,926
  7,267
  7,626
  8,003
  8,399
  8,815
  9,252
  9,711
Interest expense (income), $m
  351
  344
  375
  408
  444
  481
  521
  563
  607
  653
  703
  755
  809
  867
  928
  991
  1,059
  1,129
  1,204
  1,282
  1,364
  1,451
  1,542
  1,637
  1,738
  1,843
  1,954
  2,071
  2,193
  2,322
  2,457
Earnings before tax, $m
  1,326
  1,369
  1,415
  1,463
  1,514
  1,568
  1,626
  1,686
  1,749
  1,816
  1,960
  2,034
  2,112
  2,195
  2,281
  2,372
  2,468
  2,569
  2,674
  2,786
  2,903
  3,026
  3,155
  3,291
  3,433
  3,583
  3,741
  3,906
  4,080
  4,262
Tax expense, $m
  358
  370
  382
  395
  409
  423
  439
  455
  472
  490
  529
  549
  570
  593
  616
  640
  666
  694
  722
  752
  784
  817
  852
  888
  927
  967
  1,010
  1,055
  1,102
  1,151
Net income, $m
  968
  999
  1,033
  1,068
  1,106
  1,145
  1,187
  1,231
  1,277
  1,326
  1,431
  1,485
  1,542
  1,602
  1,665
  1,732
  1,802
  1,875
  1,952
  2,034
  2,119
  2,209
  2,303
  2,402
  2,506
  2,616
  2,731
  2,851
  2,978
  3,111

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
  17,783
  18,545
  19,352
  20,206
  21,111
  22,066
  23,076
  24,141
  25,265
  26,450
  27,699
  29,014
  30,400
  31,858
  33,392
  35,007
  36,705
  38,492
  40,370
  42,345
  44,421
  46,603
  48,897
  51,307
  53,839
  56,500
  59,296
  62,233
  65,319
  68,560
Adjusted assets (=assets-cash), $m
  17,783
  18,545
  19,352
  20,206
  21,111
  22,066
  23,076
  24,141
  25,265
  26,450
  27,699
  29,014
  30,400
  31,858
  33,392
  35,007
  36,705
  38,492
  40,370
  42,345
  44,421
  46,603
  48,897
  51,307
  53,839
  56,500
  59,296
  62,233
  65,319
  68,560
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
  7,915
  8,254
  8,613
  8,994
  9,396
  9,822
  10,271
  10,745
  11,245
  11,773
  12,329
  12,914
  13,531
  14,180
  14,863
  15,581
  16,337
  17,132
  17,968
  18,847
  19,771
  20,743
  21,764
  22,836
  23,964
  25,148
  26,392
  27,700
  29,073
  30,516
Working capital, $m
  689
  718
  750
  783
  818
  855
  894
  935
  979
  1,025
  1,073
  1,124
  1,178
  1,234
  1,294
  1,356
  1,422
  1,491
  1,564
  1,641
  1,721
  1,806
  1,894
  1,988
  2,086
  2,189
  2,297
  2,411
  2,531
  2,656
Total debt, $m
  6,250
  6,805
  7,395
  8,019
  8,679
  9,376
  10,113
  10,891
  11,712
  12,577
  13,488
  14,449
  15,460
  16,524
  17,644
  18,823
  20,063
  21,367
  22,738
  24,180
  25,695
  27,288
  28,962
  30,722
  32,571
  34,513
  36,554
  38,698
  40,951
  43,317
Total liabilities, $m
  12,982
  13,537
  14,127
  14,751
  15,411
  16,108
  16,845
  17,623
  18,444
  19,309
  20,220
  21,181
  22,192
  23,256
  24,376
  25,555
  26,795
  28,099
  29,470
  30,912
  32,427
  34,020
  35,694
  37,454
  39,303
  41,245
  43,286
  45,430
  47,683
  50,049
Total equity, $m
  4,802
  5,007
  5,225
  5,456
  5,700
  5,958
  6,230
  6,518
  6,822
  7,142
  7,479
  7,834
  8,208
  8,602
  9,016
  9,452
  9,910
  10,393
  10,900
  11,433
  11,994
  12,583
  13,202
  13,853
  14,537
  15,255
  16,010
  16,803
  17,636
  18,511
Total liabilities and equity, $m
  17,784
  18,544
  19,352
  20,207
  21,111
  22,066
  23,075
  24,141
  25,266
  26,451
  27,699
  29,015
  30,400
  31,858
  33,392
  35,007
  36,705
  38,492
  40,370
  42,345
  44,421
  46,603
  48,896
  51,307
  53,840
  56,500
  59,296
  62,233
  65,319
  68,560
Debt-to-equity ratio
  1.300
  1.360
  1.420
  1.470
  1.520
  1.570
  1.620
  1.670
  1.720
  1.760
  1.800
  1.840
  1.880
  1.920
  1.960
  1.990
  2.020
  2.060
  2.090
  2.110
  2.140
  2.170
  2.190
  2.220
  2.240
  2.260
  2.280
  2.300
  2.320
  2.340
Adjusted equity ratio
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  968
  999
  1,033
  1,068
  1,106
  1,145
  1,187
  1,231
  1,277
  1,326
  1,431
  1,485
  1,542
  1,602
  1,665
  1,732
  1,802
  1,875
  1,952
  2,034
  2,119
  2,209
  2,303
  2,402
  2,506
  2,616
  2,731
  2,851
  2,978
  3,111
Depreciation, amort., depletion, $m
  849
  883
  918
  955
  995
  1,036
  1,080
  1,127
  1,176
  1,228
  1,209
  1,266
  1,327
  1,390
  1,457
  1,528
  1,602
  1,680
  1,762
  1,848
  1,938
  2,034
  2,134
  2,239
  2,349
  2,465
  2,587
  2,716
  2,850
  2,992
Funds from operations, $m
  1,817
  1,882
  1,951
  2,023
  2,100
  2,181
  2,267
  2,357
  2,453
  2,553
  2,640
  2,751
  2,869
  2,992
  3,122
  3,259
  3,403
  3,555
  3,714
  3,881
  4,057
  4,242
  4,437
  4,641
  4,856
  5,081
  5,318
  5,567
  5,828
  6,103
Change in working capital, $m
  28
  29
  31
  33
  35
  37
  39
  41
  44
  46
  48
  51
  54
  56
  59
  63
  66
  69
  73
  77
  80
  85
  89
  93
  98
  103
  108
  114
  120
  126
Cash from operations, $m
  1,789
  1,853
  1,919
  1,990
  2,065
  2,144
  2,228
  2,316
  2,409
  2,507
  2,591
  2,700
  2,815
  2,936
  3,063
  3,197
  3,337
  3,486
  3,641
  3,805
  3,977
  4,158
  4,348
  4,548
  4,757
  4,978
  5,210
  5,453
  5,709
  5,978
Maintenance CAPEX, $m
  -745
  -776
  -809
  -844
  -882
  -921
  -963
  -1,007
  -1,053
  -1,102
  -1,154
  -1,209
  -1,266
  -1,327
  -1,390
  -1,457
  -1,528
  -1,602
  -1,680
  -1,762
  -1,848
  -1,938
  -2,034
  -2,134
  -2,239
  -2,349
  -2,465
  -2,587
  -2,716
  -2,850
New CAPEX, $m
  -319
  -339
  -359
  -380
  -402
  -425
  -449
  -474
  -500
  -527
  -556
  -585
  -617
  -649
  -683
  -719
  -756
  -795
  -836
  -879
  -924
  -971
  -1,021
  -1,073
  -1,127
  -1,184
  -1,244
  -1,307
  -1,373
  -1,443
Cash from investing activities, $m
  -1,064
  -1,115
  -1,168
  -1,224
  -1,284
  -1,346
  -1,412
  -1,481
  -1,553
  -1,629
  -1,710
  -1,794
  -1,883
  -1,976
  -2,073
  -2,176
  -2,284
  -2,397
  -2,516
  -2,641
  -2,772
  -2,909
  -3,055
  -3,207
  -3,366
  -3,533
  -3,709
  -3,894
  -4,089
  -4,293
Free cash flow, $m
  726
  738
  751
  765
  781
  798
  816
  835
  856
  878
  881
  906
  932
  960
  990
  1,021
  1,054
  1,089
  1,125
  1,164
  1,205
  1,248
  1,293
  1,341
  1,391
  1,444
  1,500
  1,558
  1,620
  1,685
Issuance/(repayment) of debt, $m
  521
  556
  589
  624
  660
  698
  737
  778
  820
  865
  912
  960
  1,011
  1,064
  1,120
  1,179
  1,240
  1,304
  1,371
  1,442
  1,516
  1,593
  1,674
  1,759
  1,849
  1,943
  2,041
  2,144
  2,252
  2,366
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  
  521
  556
  589
  624
  660
  698
  737
  778
  820
  865
  912
  960
  1,011
  1,064
  1,120
  1,179
  1,240
  1,304
  1,371
  1,442
  1,516
  1,593
  1,674
  1,759
  1,849
  1,943
  2,041
  2,144
  2,252
  2,366
Total cash flow (excl. dividends), $m
  1,247
  1,293
  1,340
  1,389
  1,441
  1,495
  1,553
  1,613
  1,676
  1,743
  1,793
  1,866
  1,943
  2,025
  2,110
  2,200
  2,294
  2,393
  2,497
  2,606
  2,721
  2,841
  2,968
  3,101
  3,240
  3,387
  3,541
  3,703
  3,872
  4,051
Retained Cash Flow (-), $m
  -199
  -206
  -218
  -231
  -244
  -258
  -273
  -288
  -303
  -320
  -337
  -355
  -374
  -394
  -414
  -436
  -459
  -482
  -507
  -533
  -561
  -589
  -619
  -651
  -684
  -718
  -755
  -793
  -833
  -875
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
  1,048
  1,088
  1,122
  1,158
  1,197
  1,237
  1,280
  1,325
  1,373
  1,423
  1,456
  1,511
  1,569
  1,631
  1,696
  1,764
  1,835
  1,910
  1,990
  2,073
  2,160
  2,252
  2,348
  2,450
  2,556
  2,668
  2,786
  2,909
  3,039
  3,176
Discount rate, %
  7.00
  7.35
  7.72
  8.10
  8.51
  8.93
  9.38
  9.85
  10.34
  10.86
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.85
  17.69
  18.57
  19.50
  20.48
  21.50
  22.58
  23.70
  24.89
  26.13
  27.44
  28.81
PV of cash for distribution, $m
  980
  944
  898
  848
  796
  740
  683
  625
  566
  507
  444
  389
  337
  287
  242
  201
  164
  131
  103
  80
  60
  45
  32
  23
  16
  11
  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
Price to Sales 0.3
Price to Book 1.1
Price to Tangible Book
Price to Cash Flow 3.4
Price to Free Cash Flow 10.1
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 0001 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 4.2% 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 7%, 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 49.4%.

Life of production assets of 10.2 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 4.3%. 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 - $4603 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 237 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 $4.8 billion.

RELATED COMPANIES Price Int.Val. Rating
CTB Cooper Tire&Ru 24.61 66.33  str.buy

COMPANY NEWS

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▶ [$$] American Tire Distributors Starts Talks With Bondholders   [Jul-30-18 06:39PM  The Wall Street Journal]
▶ A Preview Of Goodyear Tire & Rubber's Q2 Earnings   [Jul-26-18 02:37PM  Benzinga]
▶ The 5 Worst S&P 500 Stocks of 2018 (So Far)   [Jul-18-18 09:17AM  Motley Fool]
▶ Goodyear Declares Dividend on Common Stock   [Jul-16-18 05:00PM  PR Newswire]
▶ 3 Top Stocks On Sale This Quarter   [Jul-07-18 08:47AM  Motley Fool]
▶ Bear Of The Day: Goodyear Tire (GT)   [Jul-02-18 07:34AM  Zacks]
▶ Goodyear CFO Laura Thompson To Retire in 2019   [Jun-18-18 05:22PM  The Wall Street Journal]
▶ Tuesday's Market Sell-Off: The 52 Week Highs and Lows   [May-29-18 06:48PM  TheStreet.com]
▶ The NBA jersey sponsor patches are working   [May-24-18 09:22AM  Yahoo Finance]
▶ [$$] 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]

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