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Goodyear Lastikleri T.A.S. (GOODY) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 3.9B TRY

GL Goodyear Lastikleri T.A.S. GOODY · IS
Price2.54 TRY
Fair Value4.06 TRY
Upside+60.0%
Quality33/100
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Mixed Growth
Loss-making · -11.6% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 5/100
Evidence: High Range 2.89 TRY – 5.22 TRY Share as image

Fair value as of: Aug 8, 2026

From 15 valuation models · updated yesterday

Share price −10.2% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (2.89 TRY). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (2.89 TRY to 5.22 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

5.15 TRY 1.18 TRY Fair Value 4.06 TRY Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range 1.18 TRY – 5.15 TRY · fair‑value band 2.89 TRY – 5.22 TRY · the 2.54 TRY price screens below the 4.06 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Goodyear Lastikleri T.A.S. (GOODY) currently trades at 2.54 TRY, while our model-based Fair Value estimate is 4.06 TRY, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Goodyear Lastikleri T.A.S. generated revenue of 26.0B TRY at a net margin of -11.6%. Revenue declined 11.8% year over year. It earns a return on equity of -92.5%. Net debt stands at 808M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 2.89 TRY (bear case) to 5.22 TRY (bull case); at 2.54 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 60%, GOODY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 10.69 TRY 20.28 TRY 37.38 TRY 80
Rev-Margin DCF 5.26 TRY 8.10 TRY 12.20 TRY 74
ROIC Compounder 2.71 TRY 3.56 TRY 4.69 TRY 72
All 15 models by family
DCF Models
FCF DCF 11.12 TRY 18.55 TRY 38.17 TRY 38
5Y Revenue Exit 5.26 TRY 7.84 TRY 11.90 TRY 39
5Y EBITDA Exit 9.35 TRY 16.90 TRY 28.72 TRY 41
10Y Revenue Exit 6.98 TRY 10.64 TRY 15.05 TRY 36
10Y EBITDA Exit 9.85 TRY 17.91 TRY 31.84 TRY 37
Earnings-Based
EPV 2.34 TRY 2.62 TRY 2.86 TRY 59
Dividend Discount
Gordon GGM 0.6000 TRY 1.19 TRY 1.80 TRY 70
DDM Multi-Stage 0.6000 TRY 1.03 TRY 1.26 TRY 61
Multiples
EV/EBIT 3.68 TRY 4.70 TRY 5.73 TRY 53
EV/EBITDA 8.89 TRY 11.66 TRY 14.42 TRY 54
EV/Revenue 2.67 TRY 3.56 TRY 4.45 TRY 43
Asset-Based
NCAV (Graham) 0.6600 TRY 0.8800 TRY 1.32 TRY 50
Growth DCF
Growth DCF 10.69 TRY 20.28 TRY 37.38 TRY 80
Rev-Margin DCF 5.26 TRY 8.10 TRY 12.20 TRY 74
Economic Profit
ROIC Compounder 2.71 TRY 3.56 TRY 4.69 TRY 72

Widest divergence: DCF Models (16.90 TRY) versus Asset-Based (0.8800 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 26.0B TRY
Revenue growth (YoY) -11.8%
Net margin -11.6%
Return on equity -92.5%
Free cash flow 1.1B TRY FY2025
Operating margin 1.0%
More key figures
EPS (TTM) -1.99 TRY
EPS growth (YoY) -31.0%
Net debt 808M TRY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 36

Profitability 25
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Goodyear Lastikleri T.A.S. produces and sells radial tires for passenger cars, vans, minibuses, trucks, and buses under the Goodyear, Fulda, Sava, Debica, and Kelly brands worldwide. The company was incorporated in 1961 and is based in Maslak, Türkiye. Goodyear Lastikleri T.A.S. operates as a subsidiary of Goodyear S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Goodyear Lastikleri T.A.S. reported revenue of 27.0B TRL in FY2025 versus 4.6B TRL in FY2021, a compound +55.4%/yr. Reported net income was −3.0B TRL in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
27.0B TRY
Latest YoY
−3.5%
Avg. growth/yr (3Y)
+35.4%
Avg. growth/yr (5Y)
+53.3%
Avg. growth/yr (25Y)
−29.2%
Revenue +55.4%/yr
FY21 4.6B TRL
FY22 10.9B TRL
FY23 29.2B TRL
FY24 28.0B TRL
FY25 27.0B TRL
Net income
FY21 367M TRL
FY22 247M TRL
FY23 −642M TRL
FY24 −1.1B TRL
FY25 −3.0B TRL

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Cite: Fair Value Calculator (2026). "Goodyear Lastikleri T.A.S. Fair Value". https://www.fairvalue-calculator.com/stock/GOODY

Peer Group

Auto Parts · 644 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 33 · Bottom 25%
Fair Value upside +60% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -12% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 17
FUTURE 0 · sector 23
PAST 0 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 30

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

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Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Goodyear Lastikleri T.A.S. (GOODY) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 4.06 TRY versus a price of 2.54 TRY, about +60% (undervalued).
What is the fair value of GOODY?
Our model-based fair value for Goodyear Lastikleri T.A.S. is 4.06 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 2.54 TRY.
What is the quality score of GOODY?
Goodyear Lastikleri T.A.S. has a Quality Score of 33/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Goodyear Lastikleri T.A.S. (GOODY)?
Goodyear Lastikleri T.A.S. reported trailing-twelve-month revenue of about 26.0B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of GOODY?
The net profit margin of Goodyear Lastikleri T.A.S. is about -11.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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