MICHELIN (CGDE) (MCHA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:MCHA - FR001400AJ45 - Common Stock
28.48 EUR
+0.33 (+1.17%)
Overall MCHA gets a fundamental rating of 6 out of 10. We evaluated MCHA against 29 industry peers in the Automobile Components industry. MCHA has an excellent profitability rating, but there are some minor concerns on its financial health. MCHA has a decent growth rate and is not valued too expensively. MCHA also has an excellent dividend rating. With these ratings, MCHA could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
MCHA had positive earnings in the past year.
MCHA had a positive operating cash flow in the past year.
Each year in the past 5 years MCHA has been profitable.
In the past 5 years MCHA always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MCHA (4.39%) is better than 86.21% of its industry peers.
MCHA has a Return On Equity of 8.81%. This is in the better half of the industry: MCHA outperforms 79.31% of its industry peers.
MCHA has a Return On Invested Capital of 8.17%. This is in the better half of the industry: MCHA outperforms 79.31% of its industry peers.
MCHA had an Average Return On Invested Capital over the past 3 years of 9.25%. This is above the industry average of 6.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.39% | ||
| ROE | 8.81% | ||
| ROIC | 8.17% |
ROA(3y)5.45%
ROA(5y)4.73%
ROE(3y)10.95%
ROE(5y)10.02%
ROIC(3y)9.25%
ROIC(5y)8.5%
1.3 Margins
Looking at the Profit Margin, with a value of 5.84%, MCHA belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
In the last couple of years the Profit Margin of MCHA has remained more or less at the same level.
With an excellent Operating Margin value of 10.65%, MCHA belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
In the last couple of years the Operating Margin of MCHA has remained more or less at the same level.
MCHA has a Gross Margin of 27.60%. This is comparable to the rest of the industry: MCHA outperforms 48.28% of its industry peers.
In the last couple of years the Gross Margin of MCHA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.65% | ||
| PM (TTM) | 5.84% | ||
| GM | 27.6% |
OM growth 3Y-2.46%
OM growth 5Y-1.24%
PM growth 3Y-3.58%
PM growth 5Y-0.79%
GM growth 3Y-0.99%
GM growth 5Y-0.59%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MCHA is creating some value.
MCHA has less shares outstanding than it did 1 year ago.
The number of shares outstanding for MCHA has been reduced compared to 5 years ago.
The debt/assets ratio for MCHA is higher compared to a year ago.
2.2 Solvency
MCHA has an Altman-Z score of 2.56. This is not the best score and indicates that MCHA is in the grey zone with still only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.56, MCHA belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
The Debt to FCF ratio of MCHA is 6.05, which is on the high side as it means it would take MCHA, 6.05 years of fcf income to pay off all of its debts.
MCHA has a better Debt to FCF ratio (6.05) than 75.86% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that MCHA is not too dependend on debt financing.
MCHA has a better Debt to Equity ratio (0.32) than 82.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.56 |
ROIC/WACC1.2
WACC6.78%
2.3 Liquidity
MCHA has a Current Ratio of 1.80. This is a normal value and indicates that MCHA is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Current ratio value of 1.80, MCHA belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
A Quick Ratio of 1.12 indicates that MCHA should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.12, MCHA is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
MCHA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
Measured over the past 5 years, MCHA shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
Looking at the last year, MCHA shows a decrease in Revenue. The Revenue has decreased by -3.62% in the last year.
MCHA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.41% yearly.
EPS 1Y (TTM)-18.28%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-26.88%
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
3.2 Future
The Earnings Per Share is expected to grow by 11.17% on average over the next years. This is quite good.
MCHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.23% yearly.
EPS Next Y0.52%
EPS Next 2Y8.73%
EPS Next 3Y11.17%
EPS Next 5YN/A
Revenue Next Year-4.91%
Revenue Next 2Y-1.32%
Revenue Next 3Y0.38%
Revenue Next 5Y3.23%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.00 indicates a correct valuation of MCHA.
MCHA's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of MCHA to the average of the S&P500 Index (26.59), we can say MCHA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.19, the valuation of MCHA can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as MCHA.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.80, MCHA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 9.19 |
4.2 Price Multiples
62.07% of the companies in the same industry are cheaper than MCHA, based on the Enterprise Value to EBITDA ratio.
65.52% of the companies in the same industry are cheaper than MCHA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.32 | ||
| EV/EBITDA | 4.93 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MCHA does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of MCHA may justify a higher PE ratio.
PEG (NY)25.25
PEG (5Y)7.92
EPS Next 2Y8.73%
EPS Next 3Y11.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.93%, MCHA is a good candidate for dividend investing.
MCHA's Dividend Yield is rather good when compared to the industry average which is at 4.82. MCHA pays more dividend than 89.66% of the companies in the same industry.
MCHA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
5.2 History
On average, the dividend of MCHA grows each year by 7.84%, which is quite nice.
Dividend Growth(5Y)7.84%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
62.40% of the earnings are spent on dividend by MCHA. This is not a sustainable payout ratio.
The dividend of MCHA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y8.73%
EPS Next 3Y11.17%
FRA:MCHA (12/4/2025, 7:00:00 PM)
28.48
+0.33 (+1.17%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.46%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap20.24B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts78.33
Price Target32.93 (15.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
Yearly Dividend1.35
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.84%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.22%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 9.19 | ||
| P/S | 0.76 | ||
| P/FCF | 16.32 | ||
| P/OCF | 5.98 | ||
| P/B | 1.14 | ||
| P/tB | 1.55 | ||
| EV/EBITDA | 4.93 |
EPS(TTM)2.19
EY7.69%
EPS(NY)3.1
Fwd EY10.88%
FCF(TTM)1.75
FCFY6.13%
OCF(TTM)4.76
OCFY16.72%
SpS37.63
BVpS24.94
TBVpS18.36
PEG (NY)25.25
PEG (5Y)7.92
Graham Number35.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.39% | ||
| ROE | 8.81% | ||
| ROCE | 10.41% | ||
| ROIC | 8.17% | ||
| ROICexc | 9.37% | ||
| ROICexgc | 11.66% | ||
| OM | 10.65% | ||
| PM (TTM) | 5.84% | ||
| GM | 27.6% | ||
| FCFM | 4.64% |
ROA(3y)5.45%
ROA(5y)4.73%
ROE(3y)10.95%
ROE(5y)10.02%
ROIC(3y)9.25%
ROIC(5y)8.5%
ROICexc(3y)10.45%
ROICexc(5y)9.86%
ROICexgc(3y)12.91%
ROICexgc(5y)12.2%
ROCE(3y)11.87%
ROCE(5y)10.97%
ROICexgc growth 3Y-1.17%
ROICexgc growth 5Y0.57%
ROICexc growth 3Y-1.78%
ROICexc growth 5Y0.45%
OM growth 3Y-2.46%
OM growth 5Y-1.24%
PM growth 3Y-3.58%
PM growth 5Y-0.79%
GM growth 3Y-0.99%
GM growth 5Y-0.59%
F-Score5
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Debt/EBITDA | 1.17 | ||
| Cap/Depr | 107.96% | ||
| Cap/Sales | 8.01% | ||
| Interest Coverage | 9.96 | ||
| Cash Conversion | 70% | ||
| Profit Quality | 79.44% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.56 |
F-Score5
WACC6.78%
ROIC/WACC1.2
Cap/Depr(3y)113.8%
Cap/Depr(5y)101.88%
Cap/Sales(3y)7.8%
Cap/Sales(5y)7.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.28%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-26.88%
EPS Next Y0.52%
EPS Next 2Y8.73%
EPS Next 3Y11.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-4.91%
Revenue Next 2Y-1.32%
Revenue Next 3Y0.38%
Revenue Next 5Y3.23%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year41.54%
EBIT Next 3Y18.8%
EBIT Next 5Y16.72%
FCF growth 1Y-20.46%
FCF growth 3Y21.5%
FCF growth 5Y7.22%
OCF growth 1Y-10.1%
OCF growth 3Y14.27%
OCF growth 5Y5.48%
MICHELIN (CGDE) / MCHA.DE FAQ
Can you provide the ChartMill fundamental rating for MICHELIN (CGDE)?
ChartMill assigns a fundamental rating of 6 / 10 to MCHA.DE.
What is the valuation status for MCHA stock?
ChartMill assigns a valuation rating of 4 / 10 to MICHELIN (CGDE) (MCHA.DE). This can be considered as Fairly Valued.
What is the profitability of MCHA stock?
MICHELIN (CGDE) (MCHA.DE) has a profitability rating of 7 / 10.
What is the earnings growth outlook for MICHELIN (CGDE)?
The Earnings per Share (EPS) of MICHELIN (CGDE) (MCHA.DE) is expected to grow by 0.52% in the next year.
Is the dividend of MICHELIN (CGDE) sustainable?
The dividend rating of MICHELIN (CGDE) (MCHA.DE) is 8 / 10 and the dividend payout ratio is 62.4%.