Essay on Goodyear Analysis

2450 Words May 12th, 2013 10 Pages
Goodyear Financial Analysis

Writing Assignment: Financial Analysis
Assume you are a savvy financial analyst researching companies in which to invest.
Select a U.S. publically-traded company you think might be a good investment and perform a financial analysis.

FIN 534: Financial Management - Quarter (Winter 2013)

Professor:

March 12, 2013

Goodyear Financial Analysis

Company Overview

The Goodyear Tire & Rubber Company a leading manufacturer of tires is one of the best in the world and one of the most recognizable brand names in the world (Edgar). Goodyear has operations in most regions of the world with 52 manufacturing facilities in 22 countries, including the United States (Edgar).
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Also In 2012, Goodyear exceeded its $1.0 billion cost savings goal. In 2012 Goodyear realized approximately $346 million of cost savings, bringing the total cost savings for 2010 to 2012 to approximately $1.1 billion (Edgar). Another positive in 2012 Goodyear completed the transition to its new manufacturing facility in Pulandian, China adding to continued improvements in working capital efficiency, measured as a percent of sales (Edgar).

In order to address the uncertain economic environment and the challenges described above, Goodyear remains focused on the following key strategies: • Consumer-driven product development focus(Edgar); • Identify and select the most profitable markets, taking advantage segments where Goodyear has competitive advantages(Edgar); • further improving customer service, improving manufacturing efficiency and creating an advantaged supply chain focused on optimizing inventory levels(Edgar); • To investment in future growth by Focusing on cash flow to provide funding(Edgar); • Build top talent and teams (Edgar). A profit improvement plan is underway and actions are planned to address continued economic weakness in Europe and the significant challenges that Goodyear faces in EMEA (Edgar). Goodyear has announced the exit of the farm tire business in

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