- The Goodyear Tire & Rubber Company (GT:USA) currently trades near historical averages relative to UAFRS-based (Uniform) Assets, with a 0.9x Uniform P/B. At these levels, the market has bearish expectations for the firm, and management has concerns about market and industry trends
- Specifically, management appears concerned about the sustainability of U.S. replacement industry tailwinds, and tailwinds in the greater-than-17-inch tire market. Additionally, they appear concerned about the impact of near-term market headwinds, and may lack confidence in their stated expectation for raw materials tailwinds in 2018
Goodyear Tire & Rubber develops, manufactures, distributes and sells tires and related products and services worldwide. The company manufactures and markets various lines of rubber tires for: automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications. The company manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned house brands, and the private-label brands of certain customers. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific.
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