GT Stock Intrinsic Value – EVP & Chief Admin. Officer Darren Wells Sells 12258 Shares of Goodyear Tire & Rubber
December 20, 2023
☀️Trending News
Darren Wells, the Executive Vice President and Chief Administrative Officer of Goodyear Tire & Rubber ($NASDAQ:GT), has recently sold 12258 shares of the company. This news has created waves in the stock market as this is a significant amount of shares. Goodyear Tire & Rubber, better known as simply Goodyear, is an American multinational tire manufacturing company. This latest news of Darren Wells selling shares has investors wondering if the executive believes the stock will decline or if he’s simply diversifying his investment portfolio.
This news has caused some market speculation, with some analysts believing that this is a signal that the stock may not be performing as expected. Whatever the reason may be, the sale of 12258 shares has investors keeping a close eye on Goodyear Tire & Rubber.
Stock Price
This news regarding the sale of shares has already had an impact on the stock market, and it will be interesting to see if and how it affects Goodyear Tire & Rubber’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GT. More…
| Total Revenues | Net Income | Net Margin |
| 20.32k | -502 | -1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GT. More…
| Operations | Investing | Financing |
| 944 | -1.08k | -151 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.5k | 17.34k | 17.61 |
Key Ratios Snapshot
Some of the financial key ratios for GT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.0% | 8.7% | 0.3% |
| FCF Margin | ROE | ROA |
| -0.8% | 0.8% | 0.2% |
Analysis – GT Stock Intrinsic Value
At GoodWhale, we have analyzed GOODYEAR TIRE & RUBBER’s fundamentals and found that its intrinsic value is around $15.8. We have used our proprietary Valuation Line to reflect the true value of the stock. Currently, GOODYEAR TIRE & RUBBER shares are trading at $14.3, which means it is undervalued by 9.5%. This presents an opportunity to invest in a stock with good potential for growth at a good price. More…
Peers
There is intense competition between Goodyear Tire & Rubber Co and its competitors Apollo Tyres Ltd, Sumitomo Rubber Industries Ltd, and PT Gajah Tunggal Tbk. All four companies are striving to gain market share in the global tire market. Goodyear is the largest tire manufacturer in the United States and also has a large presence in Europe. Apollo Tyres is based in India and has a strong presence in the Asian market. Sumitomo Rubber Industries is a Japanese company that has a significant share of the tire market in Japan and also exports to other countries. PT Gajah Tunggal Tbk is an Indonesian company that has a growing share of the tire market in Southeast Asia.
– Apollo Tyres Ltd ($BSE:500877)
Apollo Tyres Ltd is an Indian multinational tyre manufacturing company headquartered in Gurgaon, Haryana, India. It is the world’s 17th-largest tyre manufacturer by revenue. The company was founded in 1972 and has been publicly traded on the Bombay Stock Exchange and National Stock Exchange of India since 1987.
Apollo Tyres has a market cap of 178.97B as of 2022 and a Return on Equity of 7.3%. The company manufactures tyres for a variety of vehicles, including cars, trucks, buses, motorcycles, and other off-road vehicles.
– Sumitomo Rubber Industries Ltd ($TSE:5110)
Sumitomo Rubber Industries Ltd is a company that manufactures and sells rubber products. The company has a market cap of 326.11B as of 2022 and a Return on Equity of 5.4%. The company’s products include tires, automotive components, and industrial products. The company operates in Japan, North America, Europe, and Asia.
– PT Gajah Tunggal Tbk ($IDX:GJTL)
PT Gajah Tunggal Tbk is a leading tire manufacturer in Indonesia with a market capitalization of 2.14 trillion as of 2022. The company has a return on equity of 3.77%. PT Gajah Tunggal Tbk manufactures and markets a wide range of tires for passenger cars, motorcycles, commercial vehicles, and off-road vehicles. The company has a strong presence in the Indonesian market with a market share of around 40%.
Summary
This news has caused a stir among investors, as it signals that Wells could be reducing his exposure to the stock. However, some analysts view this news positively, as his divestment could also be interpreted as a sign that he believes the stock has reached a peak and is looking to take profits. Overall, the news should be considered carefully when making any investments in Goodyear Tire & Rubber, as the stock remains a risky investment at the moment.
