GOODYEAR

Analysis before buying or selling GoodYear shares

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In order to invest effectively in the GoodYear share price online, you will need to set up good analyses of this stock. So, we now propose to find out what information you will need to do this. We're going to take a closer look at the company and its activities, as well as its main competitors in the market and data on its recent partnerships. We will also look at the fundamental analysis of this stock with some explanations as to the events and publications you should take into account.

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Yes

ISIN code: US3825501014

Ticker: NASDAQ: GT

Index or market: NASDAQ

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Elements to consider before selling or buying GoodYear shares

Analysis N°1

First of all, we must of course follow the group's operations aimed at further developing its presence in emerging markets, particularly in Asia.

Analysis N°2

It will also be necessary to follow the various partnerships set up by the company with the major car manufacturers and their scope.

Analysis N°3

The marketing strategy of the group will also be an element to be closely followed with the analysis of the budgets allocated to communication and advertising in order to win new customers.

Analysis N°4

Several other markets can also impact GoodYear's profitability, such as the foreign exchange market and the commodities market, both of which are particularly volatile.

Analysis N°5

The competition in this sector will have to be closely monitored, with some fierce opponents both nationally and internationally, and in particular low-cost substitutes.

Analysis N°6

Government policies on imports and exports can affect the marketing of GodYear products around the world and therefore must also be carefully monitored.

Analysis N°7

Lastly, it is important to keep an eye on the health of the economic sector, its growth or decline, which will directly influence the sales made by the group.

Analysis before buying or selling GoodYear shares

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General presentation of GoodYear

We now propose that you learn more about the GoodYear company and its activities. Indeed, a good knowledge of the products and services marketed by this group will help you to anticipate its future variations.

The GoodYear Group or The GoodYear Tire and Rubber Company is an American company specializing in the manufacture of tires. More precisely, this company is one of the leaders in the tyre industry worldwide.

In addition to tire manufacturing and sales, GoodYear offers tire retreading and auto repair services.

The group markets its tyres under various brands in addition to the GoodYear brand, including Dunlop, Kelly, Sava, Fulda and Debica.

GoogYear owns and operates more than 49 manufacturing facilities around the world.

It is also interesting to know the distribution of the GoodYear group's revenues from a geographical point of view. GoodYear generates 44.6% of its revenues in the United States, 11.5% in Germany, 19.5% in Europe-Middle East-Africa, 15.5% in Asia-Pacific and 8.9% in Latin America.

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The major competitors of GoodYear

Let's now discover the GoodYear Group's sectorial environment with a presentation of the main competitors of this company in its sector of activity and throughout the world.

Michelin

First of all, we will of course follow the Michelin group which is one of the world leaders in the manufacture of tires. This French company based in Clermont Ferrand in the Puy de Dôme offers products for all types of vehicles including cars, trucks, two-wheelers, aircraft, civil engineering and agricultural machinery. It is a multinational company listed on the CAC 40 and is established in 17 countries. It employs 11,700 people.

Bridgestone

The Bridgestone Corporation is another serious competitor to GoodYear. It is a Japanese tire manufacturer established in 1931 and is one of the largest tire groups in the world and the leader in terms of sales, just ahead of Michelin.

Pirelli

Of course, we will also have to keep an eye on the Pirelli & C group, which is an Italian group also specializing in the manufacture of tires and a subsidiary of the ChemChina group. The company is the fifth largest producer of tires in the world through its subsidiary Pirelly Tire which it is the sole shareholder.

Continental AG

Finally, the last serious competitor of GoodYear is probably the Continental AG group which was founded in 1871 and is a German automotive supplier based in Hanover. Although it is mainly known for its tires, this group also offers other automotive parts as well as rubber recycling activities with its subsidiary ContiTech.

The major partners of GoodYear

After having discovered the main adversaries of the GoodYear group, we propose you to discover more in details some of its allies. Indeed, the group regularly sets up strategic alliances with other companies in order to increase its turnover and here are two recent examples:

Brabham Automotive

The first partnership we're going to talk about is the one that the GoodYear Group has with Brabham Automotive regarding the development of racing and road cars. The two companies have been partners since 1965 and this has been of great benefit to both companies. This time, the new collaboration concerns more precisely the tyre equipment of the BT62 road car as well as a specific model for motor racing. GoodYear Racing tires will be used on the race car, while Goodyear Eagle F1 Supersport tires have been selected for the road model. It should also be noted that these tyres have been tested by Brabham Automotive in the November 2019 competition at Brands Hatch and at the Britcar round.

Tesloop

Another important partnership was signed more recently in 2020 with the startup Tesloop, which was created in 2015 and is based in California. The latter is specialized in a shared transport service for people with a fleet that is entirely composed of electric cars of the Tesla brand. The main objective of this new partnership is to equip these vehicles with tires equipped with wireless sensors in order to conduct a study on the impact of integrated technologies on tires. This collaboration thus began in 2017 and is based on the success of GoodYear Proactive Solutions, which is a solution that enables real-time management of transport fleet tires. Goodyear's expertise is thus expected to help Tesloop's business to be more safe and efficient. In addition, this partnership represents a real springboard for GoodYear as it aims to quickly extend this type of solution to private vehicles. GoodYear is currently working in parallel with several other car manufacturers to improve the safety and performance of tires.

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Frequently Asked Questions

What are the different subsidiaries currently owned by the GoodYear Group?

The GoodYear Group operates under its own brand name but also owns and operates subsidiaries that enable it to diversify its offering and activities. The Group's wholly owned subsidiaries include Dunlop Tyres, The Kelly Springfield Tire Company, Fierce, Lee, Slovenia-based Sava Tyres, Germany-based Fulda and Poland-based Debica.

When and how was GoodYear founded?

The GoodYear Group as we know it today was actually founded in 1842 by Charles Goodyear. He invented vulcanization, a process that prevented rubber from suffering from temperature changes and from becoming brittle in the cold or soft in the heat. Later, in 1888, John Boyd Dunlop filed the first patent on pneumatic wheels.

What are the key analyses of the GoodYear stock?

In order to perform good analysis of the GoodYear share price, you actually need to multiply the methods used. As a minimum, you will of course perform a technical analysis based on the charts of this stock, but you will also have to implement a fundamental analysis. This second analysis will consist of the interpretation of the events and publications that are most likely to influence this value. You can also choose to perform other analyses such as a financial analysis or a competitive analysis.

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