MICHELIN (CGDE) (MCHA.DE) Stock Fundamental Analysis
Europe - FRA:MCHA - FR001400AJ45 - Common Stock
27.7 EUR
-0.41 (-1.46%)
Taking everything into account, MCHA scores 6 out of 10 in our fundamental rating. MCHA was compared to 32 industry peers in the Automobile Components industry. MCHA gets an excellent profitability rating and is at the same time showing great financial health properties. MCHA is not valued too expensively and it also shows a decent growth rate. Finally 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
With an excellent Return On Assets value of 4.39%, MCHA belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
With a decent Return On Equity value of 8.81%, MCHA is doing good in the industry, outperforming 78.13% of the companies in the same industry.
MCHA has a better Return On Invested Capital (8.17%) than 78.13% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MCHA is above the industry average of 6.79%.
| 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
MCHA's Profit Margin of 5.84% is amongst the best of the industry. MCHA outperforms 96.88% of its industry peers.
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 96.88% 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.
Looking at the Gross Margin, with a value of 27.60%, MCHA is in line with its industry, outperforming 53.13% of the companies in the same industry.
MCHA's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 5 years ago, MCHA has less shares outstanding
MCHA has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.54 indicates that MCHA is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.54, MCHA belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
MCHA has a debt to FCF ratio of 6.05. This is a slightly negative value and a sign of low solvency as MCHA would need 6.05 years to pay back of all of its debts.
MCHA's Debt to FCF ratio of 6.05 is fine compared to the rest of the industry. MCHA outperforms 75.00% of its industry peers.
MCHA has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
MCHA has a better Debt to Equity ratio (0.32) than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | 2.54 |
ROIC/WACC1.2
WACC6.79%
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.
Looking at the Current ratio, with a value of 1.80, MCHA belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
MCHA has a Quick Ratio of 1.12. 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 Quick ratio value of 1.12, MCHA belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for MCHA have decreased strongly by -18.28% in the last year.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
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
Based on estimates for the next years, MCHA will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.63% on average per year.
The Revenue is expected to grow by 2.47% on average over the next years.
EPS Next Y21.13%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
EPS Next 5YN/A
Revenue Next Year-2%
Revenue Next 2Y0.2%
Revenue Next 3Y1.31%
Revenue Next 5Y2.47%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
MCHA is valuated correctly with a Price/Earnings ratio of 12.65.
68.75% of the companies in the same industry are more expensive than MCHA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MCHA to the average of the S&P500 Index (26.10), we can say MCHA is valued rather cheaply.
MCHA is valuated cheaply with a Price/Forward Earnings ratio of 7.55.
Based on the Price/Forward Earnings ratio, MCHA is valued a bit cheaper than 62.50% of the companies in the same industry.
MCHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.65 | ||
| Fwd PE | 7.55 |
4.2 Price Multiples
MCHA's Enterprise Value to EBITDA is on the same level as the industry average.
MCHA's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. MCHA is more expensive than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.77 | ||
| EV/EBITDA | 4.84 |
4.3 Compensation for Growth
MCHA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of MCHA may justify a higher PE ratio.
MCHA's earnings are expected to grow with 15.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.6
PEG (5Y)7.7
EPS Next 2Y18.35%
EPS Next 3Y15.63%
5. Dividend
5.1 Amount
MCHA has a Yearly Dividend Yield of 4.99%, which is a nice return.
Compared to an average industry Dividend Yield of 4.76, MCHA pays a better dividend. On top of this MCHA pays more dividend than 87.50% of the companies listed in the same industry.
MCHA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
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
MCHA pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
MCHA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
FRA:MCHA (10/31/2025, 7:00:00 PM)
27.7
-0.41 (-1.46%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners46.28%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap19.55B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts80
Price Target37.69 (36.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.65 | ||
| Fwd PE | 7.55 | ||
| P/S | 0.73 | ||
| P/FCF | 15.77 | ||
| P/OCF | 5.78 | ||
| P/B | 1.1 | ||
| P/tB | 1.5 | ||
| EV/EBITDA | 4.84 |
EPS(TTM)2.19
EY7.91%
EPS(NY)3.67
Fwd EY13.25%
FCF(TTM)1.76
FCFY6.34%
OCF(TTM)4.79
OCFY17.3%
SpS37.89
BVpS25.11
TBVpS18.49
PEG (NY)0.6
PEG (5Y)7.7
Graham Number35.18
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 | 2.54 |
F-Score5
WACC6.79%
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 Y21.13%
EPS Next 2Y18.35%
EPS Next 3Y15.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-2%
Revenue Next 2Y0.2%
Revenue Next 3Y1.31%
Revenue Next 5Y2.47%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year59.12%
EBIT Next 3Y22.78%
EBIT Next 5Y17.41%
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 6 / 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 21.13% 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%.