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Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA)
Key financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | €bn | 20.5 | 23.8 | 28.6 | 28.3 | 27.2 | 26.0 | 32.2 | 26.5 |
| Operating profit | €bn | 2.37 | 3.17 | ||||||
| Net profit | €bn | 0.63 | 1.84 | 2.00 | 1.98 | 1.88 | 1.67 | 2.01 | 1.88 |
| EPS reported | € | 2.33 | 2.27 | ||||||
| Operating cashflow per share | € | 5.42 | 6.03 | ||||||
| Capex per share | € | 2.88 | 2.39 | ||||||
| FCF per share | € | 2.54 | 3.64 | ||||||
| Free cash flow | €bn | 1.79 | 2.49 | ||||||
| Net debt | €bn | 1.65 | 5.03 | ||||||
| Book value equity | €bn | 18.1 | 17.5 | ||||||
| Book value per share | € | 25.34 | 25.18 | ||||||
| Number of shares | m | 713.09 | 695.39 | ||||||
| DPS (TTM paid) | € | 1.38 | 1.38 |
Financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 12.15 | - | ||||||
| P/B LTM | x | 1.10 | 1.30 | ||||||
| P/S LTM | x | 0.77 | 0.71 | ||||||
| P/FCF LTM | x | 11.15 | 9.11 | ||||||
| EV/EBITDA LTM | x | 4.92 | 4.71 | ||||||
| EV/Sales LTM | x | 0.88 | 0.86 | ||||||
| Earnings Yield LTM | % | 8.23% | 8.74% | ||||||
| FCF Yield | % | 8.97% | 10.98% | ||||||
| Quality | |||||||||
| ROE | % | 9.21% | 11.29% | ||||||
| ROIC | % | 6.15% | 7.91% | ||||||
| Operating margin | % | 9.10% | 9.84% | ||||||
| Gross margin | % | 27.00% | 27.40% | ||||||
| FCF/Sales | % | 6.89% | 7.75% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -11.07% | +40.99% | ||||||
| Sales Growth YoY | % | -4.42% | +59.03% | ||||||
| Net Income Growth YoY | % | -11.62% | +74.70% | ||||||
| FCF Growth | % | -13.57% | +47.27% | ||||||
| Operating Profit Growth | % | -10.07% | +90.72% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 4.88% | 4.14% | ||||||
| Dividend Growth | % | 0.00% | 0.00% | ||||||
| Payout Ratio | % | 58.62% | 58.50% | ||||||
| FCF/Debt | x | 0.27 | 0.31 | ||||||
| Net Debt/EBITDA | x | 0.63 | 0.85 | ||||||
| EBIT/Net interest | x | 6.68 | 12.66 | ||||||
| Net debt/market cap | % | 8.28% | 22.14% | ||||||
| Net debt/Equity | x | 0.09 | 0.29 | ||||||
| Gross debt/equity | x | 0.37 | 0.45 | ||||||
ETFs that hold Compagnie Générale des Établissements Michelin Société en commandite par actions
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) | EXV5.DE | 2 | 14.70% |
Funds with Compagnie Générale des Établissements Michelin Société en commandite par actions among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Compagnie Générale des Établissements Michelin Société en commandite par actions is a global leader in the production and distribution of tires. The company provides a comprehensive array of tires for personal vehicles, including automobiles, racing, bicycles, motorcycles, scooters, and mopeds. Additionally, it supplies specialized tires for professional and industrial uses such as freight and passenger transportation, agricultural equipment, construction and industrial machinery, mining and quarry operations, corporate vehicle fleets, tradespeople, civil and military applications, light rail systems, and aircraft. Beyond its core tire business, Michelin offers a range of associated services, encompassing the development of mobility solutions for fleet managers, vehicle manufacturers, farmers, distributors, and individual customers. Its mobility-focused offerings also extend to practical tools like road maps, mobile applications, itinerary planning, and travel guides. Furthermore, the company diversifies into lifestyle products, featuring car and bike accessories, shoe soles, and sporting and leisure gear. Michelin is also engaged in high-tech materials, with initiatives in 3D metal printing, specialty rubbers, and sustainable biosourced and recycled materials. Founded in 1863, the company maintains its headquarters in Clermont-Ferrand, France.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Compagnie Générale des Établissements Michelin Société en commandite par actions (ML.PA)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) | EXV5.DE | 2 | 14.70% |
Funds with Compagnie Générale des Établissements Michelin Société en commandite par actions among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
Compagnie Générale des Établissements Michelin Société en commandite par actions is a global leader in the production and distribution of tires. The company provides a comprehensive array of tires for personal vehicles, including automobiles, racing, bicycles, motorcycles, scooters, and mopeds. Additionally, it supplies specialized tires for professional and industrial uses such as freight and passenger transportation, agricultural equipment, construction and industrial machinery, mining and quarry operations, corporate vehicle fleets, tradespeople, civil and military applications, light rail systems, and aircraft. Beyond its core tire business, Michelin offers a range of associated services, encompassing the development of mobility solutions for fleet managers, vehicle manufacturers, farmers, distributors, and individual customers. Its mobility-focused offerings also extend to practical tools like road maps, mobile applications, itinerary planning, and travel guides. Furthermore, the company diversifies into lifestyle products, featuring car and bike accessories, shoe soles, and sporting and leisure gear. Michelin is also engaged in high-tech materials, with initiatives in 3D metal printing, specialty rubbers, and sustainable biosourced and recycled materials. Founded in 1863, the company maintains its headquarters in Clermont-Ferrand, France.
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