Goodyear Indonesia (IDX:GDYR) - Share price, News & Analysis

GDYR fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	3/6
Dividends	0/6

GDYR Stock Overview

PT Goodyear Indonesia Tbk manufactures, imports, exports, and distributes tires, inner tubes, flaps, and other rubber derivative products for automobiles, and airplanes and related components.

Rewards

Trading at 91.6% below our estimate of its fair value

Became profitable this year

Risk Analysis

Does not have a meaningful market cap (IDR554B)

Goodyear Indonesia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Goodyear Indonesia
Historical stock prices
Current Share Price	Rp1,300.00
52 Week High	Rp1,750.00
52 Week Low	Rp1,245.00
Beta	0.59
1 Month Change	-1.52%
3 Month Change	-4.76%
1 Year Change	-10.65%
3 Year Change	-31.94%
5 Year Change	-23.53%
Change since IPO	504.65%

Shareholder Returns

	GDYR	ID Auto Components	ID Market
7D	-1.5%	0.6%	2.3%
1Y	-10.7%	12.4%	17.0%

Return vs Industry: GDYR underperformed the ID Auto Components industry which returned 12.4% over the past year.

Return vs Market: GDYR underperformed the ID Market which returned 17% over the past year.

Price Volatility

Is GDYR's price volatile compared to industry and market?
GDYR volatility
GDYR Average Weekly Movement	2.8%
Auto Components Industry Average Movement	4.6%
Market Average Movement	6.2%
10% most volatile stocks in ID Market	12.0%
10% least volatile stocks in ID Market	2.9%

Stable Share Price: GDYR is less volatile than 75% of ID stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GDYR's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1917	833	Hui Yun	https://www.goodyear-indonesia.com

PT Goodyear Indonesia Tbk manufactures, imports, exports, and distributes tires, inner tubes, flaps, and other rubber derivative products for automobiles, and airplanes and related components. As of December 31, 2021, it collaborates with approximately 62 Autocare outlets in Indonesia. The company was formerly known as NV The Goodyear Tire & Rubber Company Limited and changed its name to PT Goodyear Indonesia Tbk in July 1978.

Goodyear Indonesia Fundamentals Summary

How do Goodyear Indonesia's earnings and revenue compare to its market cap?
GDYR fundamental statistics
Market Cap	US$37.79m
Earnings (TTM)	US$2.43m
Revenue (TTM)	US$150.22m

15.0x

P/E Ratio

0.2x

P/S Ratio

Is GDYR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GDYR income statement (TTM)
Revenue	US$150.22m
Cost of Revenue	US$136.22m
Gross Profit	US$13.99m
Other Expenses	US$11.56m
Earnings	US$2.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.0059
Gross Margin	9.32%
Net Profit Margin	1.62%
Debt/Equity Ratio	19.5%

How did GDYR perform over the long term?

See historical performance and comparison

Valuation

Is Goodyear Indonesia undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GDYR (IDR1300) is trading below our estimate of fair value (IDR15392.21)

Significantly Below Fair Value: GDYR is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: GDYR is poor value based on its Price-To-Earnings Ratio (15x) compared to the ID Auto Components industry average (12.2x).

PE vs Market: GDYR is good value based on its Price-To-Earnings Ratio (15x) compared to the ID market (18.4x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GDYR's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: GDYR's Price-To-Book Ratio (0.8x) is in line with the ID Auto Components industry average.

Future Growth

How is Goodyear Indonesia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

24.0%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Goodyear Indonesia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Goodyear Indonesia performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-21.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GDYR has high quality earnings.

Growing Profit Margin: GDYR became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: GDYR has become profitable over the past 5 years, growing earnings by -21.5% per year.

Accelerating Growth: GDYR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GDYR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (75.4%).

Return on Equity

High ROE: GDYR's Return on Equity (5%) is considered low.

Financial Health

How is Goodyear Indonesia's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GDYR's short term assets ($50.3M) do not cover its short term liabilities ($70.8M).

Long Term Liabilities: GDYR's short term assets ($50.3M) exceed its long term liabilities ($738.3K).

Debt to Equity History and Analysis

Debt Level: GDYR has more cash than its total debt.

Reducing Debt: GDYR's debt to equity ratio has increased from 9.4% to 19.5% over the past 5 years.

Debt Coverage: GDYR's debt is well covered by operating cash flow (197.4%).

Interest Coverage: GDYR's interest payments on its debt are not well covered by EBIT (2.9x coverage).

Balance Sheet

Dividend

What is Goodyear Indonesia current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GDYR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GDYR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GDYR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GDYR's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: GDYR is not paying a notable dividend for the ID market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GDYR has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure

CEO

Hui Yun (46 yo)

1.33yrs

Tenure

Mr. Hui Yun is President Director of PT Goodyear Indonesia Tbk from 2021.

Board Members

Experienced Board: GDYR's board of directors are considered experienced (3.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31