MICHELIN (CGDE) (MCHA.DE) Fundamental Analysis & Valuation

FRA:MCHA • FR001400AJ45

Current stock price

28.26 EUR
-0.76 (-2.62%)
Last:

This MCHA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. MCHA.DE Profitability Analysis

1.1 Basic Checks

  • MCHA had positive earnings in the past year.
  • MCHA had a positive operating cash flow in the past year.
  • Of the past 5 years MCHA 4 years were profitable.
  • MCHA had a positive operating cash flow in 4 of the past 5 years.
MCHA.DE Yearly Net Income VS EBIT VS OCF VS FCFMCHA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.39%, MCHA belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • MCHA's Return On Equity of 8.81% is fine compared to the rest of the industry. MCHA outperforms 78.13% of its industry peers.
  • 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 in line with the industry average of 10.00%.
Industry RankSector 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%
MCHA.DE Yearly ROA, ROE, ROICMCHA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • MCHA has a better Profit Margin (5.84%) than 90.63% of its industry peers.
  • MCHA's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 10.65%, MCHA belongs to the top of the industry, outperforming 90.63% 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 (27.60%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of MCHA has remained more or less at the same level.
Industry RankSector 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%
MCHA.DE Yearly Profit, Operating, Gross MarginsMCHA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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6

2. MCHA.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MCHA is still creating some value.
  • MCHA has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MCHA.DE Yearly Shares OutstandingMCHA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
MCHA.DE Yearly Total Debt VS Total AssetsMCHA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • MCHA has an Altman-Z score of 2.55. 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.
  • MCHA has a Altman-Z score of 2.55. This is amongst the best in the industry. MCHA outperforms 84.38% of its industry peers.
  • The Debt to FCF ratio of MCHA is 6.17, which is on the high side as it means it would take MCHA, 6.17 years of fcf income to pay off all of its debts.
  • MCHA has a better Debt to FCF ratio (6.17) than 71.88% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.32, MCHA belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.17
Altman-Z 2.55
ROIC/WACC1.2
WACC6.8%
MCHA.DE Yearly LT Debt VS Equity VS FCFMCHA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

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 87.50% 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.
  • MCHA has a better Quick ratio (1.12) than 78.13% of its industry peers.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.12
MCHA.DE Yearly Current Assets VS Current LiabilitesMCHA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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3

3. MCHA.DE Growth Analysis

3.1 Past

  • The earnings per share for MCHA have decreased by -9.92% in the last year.
  • The Earnings Per Share has been growing by 21.88% on average over the past years. This is a very strong growth
EPS 1Y (TTM)-9.92%
EPS 3Y-5.65%
EPS 5Y21.88%
EPS Q2Q%16.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.46%

3.2 Future

  • MCHA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.92% yearly.
  • MCHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.16% yearly.
EPS Next Y24.26%
EPS Next 2Y20.76%
EPS Next 3Y17.92%
EPS Next 5YN/A
Revenue Next Year2.41%
Revenue Next 2Y3.17%
Revenue Next 3Y3.37%
Revenue Next 5Y5.16%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
MCHA.DE Yearly Revenue VS EstimatesMCHA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
MCHA.DE Yearly EPS VS EstimatesMCHA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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5

4. MCHA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.97 indicates a reasonable valuation of MCHA.
  • Compared to the rest of the industry, the Price/Earnings ratio of MCHA is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, MCHA is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.64 indicates a reasonable valuation of MCHA.
  • The rest of the industry has a similar Price/Forward Earnings ratio as MCHA.
  • MCHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.97
Fwd PE 9.64
MCHA.DE Price Earnings VS Forward Price EarningsMCHA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MCHA's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MCHA indicates a slightly more expensive valuation: MCHA is more expensive than 62.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.98
EV/EBITDA 4.87
MCHA.DE Per share dataMCHA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • MCHA has a very decent profitability rating, which may justify a higher PE ratio.
  • MCHA's earnings are expected to grow with 17.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.49
PEG (5Y)0.55
EPS Next 2Y20.76%
EPS Next 3Y17.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. MCHA.DE Dividend Analysis

5.1 Amount

  • MCHA has a Yearly Dividend Yield of 4.61%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.30, MCHA pays a better dividend. On top of this MCHA pays more dividend than 87.50% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, MCHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.61%

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
MCHA.DE Yearly Dividends per shareMCHA.DE Yearly Dividends per shareYearly Dividends per share 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • MCHA pays out 62.40% of its income as dividend. 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 2Y20.76%
EPS Next 3Y17.92%
MCHA.DE Yearly Income VS Free CF VS DividendMCHA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
MCHA.DE Dividend Payout.MCHA.DE Dividend Payout, showing the Payout Ratio.MCHA.DE Dividend Payout.PayoutRetained Earnings

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MCHA.DE Fundamentals: All Metrics, Ratios and Statistics

MICHELIN (CGDE)

FRA:MCHA (3/20/2026, 7:00:00 PM)

28.26

-0.76 (-2.62%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)02-11
Earnings (Next)07-22
Inst Owners55.04%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap19.43B
Revenue(TTM)N/A
Net Income(TTM)1.56B
Analysts74.81
Price Target32.19 (13.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.61%
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)0%
PT rev (3m)-2.27%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1%
EPS NY rev (3m)-2.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.09%
Valuation
Industry RankSector Rank
PE 11.97
Fwd PE 9.64
P/S 0.73
P/FCF 15.98
P/OCF 5.74
P/B 1.1
P/tB 1.49
EV/EBITDA 4.87
EPS(TTM)2.36
EY8.35%
EPS(NY)2.93
Fwd EY10.38%
FCF(TTM)1.77
FCFY6.26%
OCF(TTM)4.92
OCFY17.41%
SpS38.89
BVpS25.78
TBVpS18.97
PEG (NY)0.49
PEG (5Y)0.55
Graham Number37
Profitability
Industry RankSector 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 4.55%
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 RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.17
Debt/EBITDA 1.17
Cap/Depr 109.17%
Cap/Sales 8.1%
Interest Coverage 9.96
Cash Conversion 70%
Profit Quality 77.9%
Current Ratio 1.8
Quick Ratio 1.12
Altman-Z 2.55
F-Score5
WACC6.8%
ROIC/WACC1.2
Cap/Depr(3y)115.81%
Cap/Depr(5y)103.08%
Cap/Sales(3y)7.94%
Cap/Sales(5y)7.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.92%
EPS 3Y-5.65%
EPS 5Y21.88%
EPS Q2Q%16.67%
EPS Next Y24.26%
EPS Next 2Y20.76%
EPS Next 3Y17.92%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.46%
Revenue Next Year2.41%
Revenue Next 2Y3.17%
Revenue Next 3Y3.37%
Revenue Next 5Y5.16%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year42.69%
EBIT Next 3Y18.24%
EBIT Next 5Y16.49%
FCF growth 1Y-22%
FCF growth 3Y19.97%
FCF growth 5Y6.41%
OCF growth 1Y-10.1%
OCF growth 3Y14.27%
OCF growth 5Y5.48%

MICHELIN (CGDE) / MCHA.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MICHELIN (CGDE)?

ChartMill assigns a fundamental rating of 5 / 10 to MCHA.DE.


What is the valuation status of MICHELIN (CGDE) (MCHA.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to MICHELIN (CGDE) (MCHA.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for MICHELIN (CGDE)?

MICHELIN (CGDE) (MCHA.DE) has a profitability rating of 6 / 10.


What are the PE and PB ratios of MICHELIN (CGDE) (MCHA.DE) stock?

The Price/Earnings (PE) ratio for MICHELIN (CGDE) (MCHA.DE) is 11.97 and the Price/Book (PB) ratio is 1.1.


Can you provide the financial health for MCHA stock?

The financial health rating of MICHELIN (CGDE) (MCHA.DE) is 6 / 10.