1.48%
5.79%
8.34%
-8.09%
9.15%
-8.88%
28.15%
AI Spotlight on ML
Company Description
Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide.The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and aircraft.It is also involved in the provision of tire-related services, including development of mobility solutions for fleet managers, vehicle manufacturers, farmers, distributors, and individuals; mobility services, such as road maps, mobile apps, itineraries, and travel guides; lifestyle products comprising car and bike accessories, shoe soles, and sports and leisure gears; and high-tech materials that include 3D metal printing, specialty, rubber, biosourced, and recycled materials.
Compagnie Générale des Établissements Michelin Société en commandite par actions was incorporated in 1863 and is based in Clermont-Ferrand, France.
Market Data
| Last Price | 33.64 |
| Change Percentage | 1.48% |
| Open | 33.15 |
| Previous Close | 33.15 |
| Market Cap ( Millions) | 23562 |
| Volume | 1351977 |
| Year High | 38.52 |
| Year Low | 30.17 |
| M A 50 | 31.95 |
| M A 200 | 34.44 |
Financial Ratios
| FCF Yield | 12.83% |
| Dividend Yield | 4.01% |
| ROE | 10.73% |
| Debt / Equity | 42.06% |
| Net Debt / EBIDTA | 93.23% |
| Price To Book | 1.35 |
| Price Earnings Ratio | 12.5 |
| Price To FCF | 7.79 |
| Price To sales | 0.85 |
| EV / EBITDA | 5.9 |
News
- Jan -10 - Michelin : Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
- Jan -07 - 3 Reliable Dividend Stocks Yielding Up To 4.8%
- Dec -12 - The Inaugural MICHELIN Guide Doha 2025 selection is launched today
- Dec -12 - Michelin : Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
- Dec -06 - 3 Dividend Stocks Offering Yields Up To 5.5%
- Dec -06 - Indian tyremaker CEAT to buy Camso brand from France's Michelin for $225 million
- Dec -06 - Michelin pursues its “Michelin in Motion 2030” strategy and focuses its activities in the construction market on its most valued offerings
- Nov -13 - Michelin : Disclosure of trading in own shares - November 13, 2024
- Nov -06 - Michelin plans to close two factories in France, affecting 1,250 workers
- Nov -05 - Michelin to close two French plants amid waning market share
- Nov -05 - Michelin to close two French plants in latest blow to Europe's auto sector
- Nov -05 - Michelin announces its intention to close the CHOLET and VANNES sites, and commits to providing individual support to each employee and to revitalizing the two communities
- Nov -03 - The 5 best tires for your car right now, according to Consumer Reports
- Oct -23 - Michelin cuts sales volume forecast as quarterly sales miss estimates
- Oct -23 - Michelin: Group sales reflected OE markets downcycle across segments and contextual headwinds in Specialties, with continued mix improvement.
- Oct -18 - Top Dividend Stocks On Euronext Paris For October 2024
- Oct -11 - Michelin : Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
- Oct -09 - Michelin (MGDDF) (H1 2024) Earnings Call Highlights: Strong Operating Income Amid Sales Decline
- Oct -07 - Are Auto-Tires-Trucks Stocks Lagging Michelin (MGDDY) This Year?
- Oct -07 - Piling on the pressure to recycle mining tyres
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Automotive and Related Distribution
Expected Growth : 3.5 %
What the company do ?
The Automotive and Related Distribution segment of Michelin provides tires and travel-related services to automotive manufacturers, dealerships, and independent distributors.
Why we expect these perspectives ?
Michelin's 3.5% growth in Automotive and Related Distribution is driven by increasing demand for fuel-efficient and eco-friendly tires, growth in the global automotive market, and expansion into emerging markets. Additionally, the company's focus on innovation, digitalization, and sustainability initiatives contributes to its growth momentum.
Segment n°2 -> Specialty Businesses and Related Distribution
Expected Growth : 3.2 %
What the company do ?
Specialty Businesses and Related Distribution from Compagnie Générale des Établissements Michelin Société en commandite par actions refers to the company's diversified businesses, including digital services, mobility solutions, and distribution of Michelin products.
Why we expect these perspectives ?
Michelin's Specialty Businesses and Related Distribution segment growth of 3.2% is driven by increasing demand for high-performance tires in the aerospace, motorcycle, and agricultural industries. Additionally, the company's strategic expansion into emerging markets, innovative product offerings, and efficient distribution networks contribute to the segment's growth.
Segment n°3 -> Road Transport and Related Distribution
Expected Growth : 3.8 %
What the company do ?
Road Transport and Related Distribution from Compagnie Générale des Établissements Michelin Société en commandite par actions refers to the production and distribution of tires and other automotive products.
Why we expect these perspectives ?
Michelin's 3.8% growth in Road Transport and Related Distribution is driven by increasing demand for fuel-efficient tires, growth in e-commerce leading to higher parcel delivery volumes, and a shift towards sustainable logistics. Additionally, the company's focus on digitalization, innovation, and expansion in emerging markets also contribute to this growth.
Compagnie Générale Des Établissements Michelin Société En Commandite Par Actions Products
| Product Range | What is it ? |
|---|---|
| Tires | Michelin designs, manufactures and sells tires for various vehicles, including passenger cars, trucks, buses, motorcycles, bicycles and aircraft. |
| Mobility Services | Michelin offers a range of mobility services, including fleet management, vehicle inspection, and digital solutions for transportation companies. |
| Experiences | Michelin provides travel guides, maps, and online booking services for tourists and travelers. |
| Sustainable Materials | Michelin develops and supplies sustainable materials, such as recycled rubber and bio-based materials, for various industries. |
| Aeronautical Materials | Michelin designs and manufactures advanced materials and components for the aerospace industry. |
| Digital Services | Michelin offers digital solutions, including data analytics, IoT, and AI-powered services, for various industries. |
Compagnie Générale des Établissements Michelin Société en commandite par actions's Porter Forces
Threat Of Substitutes
The threat of substitutes for Michelin is moderate, as there are alternative tire brands available in the market, but Michelin's strong brand reputation and quality products reduce the likelihood of customers switching to substitutes.
Bargaining Power Of Customers
The bargaining power of customers is low, as Michelin is a well-established brand with a strong market presence, and customers have limited negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate, as Michelin relies on a few large suppliers for raw materials, but the company's large scale of operations and strong relationships with suppliers reduce the suppliers' bargaining power.
Threat Of New Entrants
The threat of new entrants is low, as the tire manufacturing industry has high barriers to entry, including significant capital requirements and regulatory hurdles, making it difficult for new companies to enter the market.
Intensity Of Rivalry
The intensity of rivalry is high, as the tire manufacturing industry is highly competitive, with several established players competing for market share, and Michelin faces intense competition from companies like Bridgestone and Goodyear.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 23.46% |
| Debt Cost | 3.95% |
| Equity Weight | 76.54% |
| Equity Cost | 3.95% |
| WACC | 3.95% |
| Leverage | 30.65% |
Compagnie Générale des Établissements Michelin Société en commandite par actions : Quality Control
Compagnie Générale des Établissements Michelin Société en commandite par actions passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| BMW.DE | Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. … |
| VOW3.DE | Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, … |
| MBG.DE | Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells passenger cars comprising premium and luxury vehicles of the Mercedes-Benz brand, including … |
| DBC.WA | Tire Company Debica S.A. manufactures and sells passenger, commercial, and truck tires under the Debica, Goodyear, Dunlop, Fulda, and Sava brands in Poland. It also offers curing bladders and membranes … |
| SFQ.DE | SAF-Holland SE manufactures and supplies chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses. The company offers axle and suspension systems, fifth wheels, coupling systems, kingpins, and landing gears, … |
Peers Metrics
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Scoring Insights
Peers Group Analysis
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Debica
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Michelin
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VW
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BMW
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