$8.55 -$0.28 (-3.2%)

04:30 PM EDT on 07/09/20

The Goodyear Tire & Rubber Company (NASDAQ:GT)

CAPS Rating: 3 out of 5

A manufacturer of tires and rubber products. The Company also manufactures and markets several lines of power transmission belts, hoses and other rubber products and rubber-related chemicals for various applications.

Current Price $8.55 Mkt Cap $2.1B
Open $8.86 P/E Ratio 0.00
Prev. Close $8.83 Div. (Yield) $0.48 (5.4%)
Daily Range $8.38 - $8.86 Volume 3,985,781
52-Wk Range $4.09 - $17.20 Avg. Daily Vol. 6,445,402

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All Players

541 Outperform
98 Underperform
 

All-Star Players

63 Outperform
21 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:GT Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Orffy (< 20)
Submitted November 20, 2014

A bet on the Goodyear Tire & Rubber Company is basically a bet on the general increase in global wealth that seems likely over the next 50 years. With a commanding lead in tires, Goodyear is perfectly poised to take advantage of increasing middle… More

dexion10 (26.88)
Submitted March 13, 2009

4x trouble1. Euro denominated profits2. pension plan3. debt burden4. demand destruction in auto industry

Recent Community Commentary

Read the most recent pitches from players about GT.

Recs

0
Member Avatar SanjaySJYS (< 20) Submitted: 5/17/2020 2:13:40 AM : Outperform Start Price: $6.35 NASDAQ:GT Score: +27.41

Once countries and markets start to open up post lockdown, people will want to travel again to connect. Given the fear of tightly packed airports and air travel, people will resort more to road travel then ever before with families as social distancing will still continue.
Can be an unseen opportunity for GT, as the need of replacement tires could dramatically increase, and this is far more profitable for GT than OE market.
Additionally, GT has a very globally diversified manufacturing footprint globally, especially in Asia where markets like China have been opened and running almost fully operational and are highly profitable for GT. Europe is next.

Recs

0
Member Avatar ERojo (< 20) Submitted: 1/29/2020 3:11:44 AM : Outperform Start Price: $13.70 NASDAQ:GT Score: -34.25

WHITE BROOK CAPITAL IDEA:
Goodyear is one of the 3 largest tire companies in the world and operates a distributed manufacturing capability globally. 50% of their revenue comes from the America’s region, with the US and Brazil as the notable markets within that group, EMEA is 30% of the business and the rest is Asia Pacific which contains the notable markets of China and India. About 80% of their revenue are replacement tires with the balance sold to new car manufacturers (OEM).
Goodyear uses a size nomenclature to denote premium and non-premium tires, where less than 17 inches, is a commodity tire and above, is premium. Most of their business is non-premium, commodity tires, where they earn on average $9 per tire in the replacement market, and $7 at the OEM.
However, a rapidly increasing percentage of tires are now above 17 inches due in large part to the popularity of SUV and light truck sales and now make up almost 50% of the replacement market. Goodyear earns $19 on average in the OEM channel and $28 when replacing a 17-inch tire.
Goodyear’s sizable replacement business partially insulates the Company from the impact of new car sales. Recessions, however, still impact the business as tire replacement is a function of consumer confidence and miles travelled. In the US both are and have been strong, but that hasn’t been true in the Chinese or Indian markets or much of EMEA through much of 2018 and 2019. Despite that, Goodyear has been able to grow their replacement business in Asia, while EMEA is subject to a more wholesale restructuring process.
At 4.6x 2020 EBITDA, and a mid double digit 2021 FCF yield, I believe Goodyear is very inexpensive. They’ve made necessary short-term sacrifices to ensure the long term which they should begin to benefit from in 2020. Their business is macroeconomically resilient, and with a $150mm+ EBITDA tailwind (12%+) based on the cessation of the raw material headwind alone, I am confident in their ability to generate substantial cash flow over the medium term. I believe owning the stock at these prices represents a great investment opportunity.

Recs

0
Member Avatar volfan84 (92.50) Submitted: 6/3/2019 2:58:40 PM : Outperform Start Price: $13.50 NASDAQ:GT Score: -51.40

Share price is down big recently, so perhaps it could be a good turnaround candidate.

Marking it as a thumbs up here to aid in prompting myself to take a closer look at it.

Leaderboard

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Score Leader

SonicMolson

SonicMolson (99.55) Score: +369.98

The Score Leader is the player with the highest score across all their picks in GT.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
ebenjamin04 72.95 4/27/2009 Underperform 5Y $9.57 -10.65% +270.29% +280.94 0 Comment
Halio1984 55.23 4/17/2009 10/22/2009 Underperform 1Y $9.02 -5.23% +266.77% +271.99 0 Comment
TRGoodvsEvil 98.84 7/6/2009 Underperform 5Y $10.05 -14.92% +255.01% +269.93 1 Comment
stillscarlett < 20 10/13/2008 Underperform 3W $11.92 -28.27% +241.24% +269.51 0 Comment
tonylogan1 27.39 7/9/2009 Underperform 5Y $9.49 -9.90% +256.44% +266.34 1 Comment
ItAintOverYet < 20 8/17/2009 Underperform NS $15.60 -45.18% +220.91% +266.08 0 Comment
bigalxc 88.23 8/6/2009 Underperform 3W $16.47 -48.08% +214.40% +262.48 0 Comment
JGus 28.02 4/13/2009 4/27/2010 Underperform NS $7.51 +13.81% +272.24% +258.43 0 Comment
gmxBatteringRam 28.99 6/3/2009 Underperform 5Y $10.23 -16.40% +239.85% +256.25 0 Comment
sachtaridis 94.44 3/20/2009 Underperform 3W $5.66 +51.03% +303.12% +252.10 0 Comment

Wall Street

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