MICHELIN (CGDE) (ML.PA) Fundamental Analysis & Valuation
EPA:ML • FR001400AJ45
31.03 EUR
-0.31 (-0.99%)
Last: Mar 6, 2026, 07:00 PM
This ML.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 5 out of 10 to ML. ML was compared to 30 industry peers in the Automobile Components industry. ML has an average financial health and profitability rating. ML has a valuation in line with the averages, but it does not seem to be growing. Finally ML also has an excellent dividend rating. This makes ML very considerable for dividend investing!
1. ML.PA Profitability Analysis
1.1 Basic Checks
- In the past year ML was profitable.
- ML had a positive operating cash flow in the past year.
- Of the past 5 years ML 4 years were profitable.
- ML had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- ML's Return On Assets of 4.39% is amongst the best of the industry. ML outperforms 90.00% of its industry peers.
- The Return On Equity of ML (8.81%) is better than 80.00% of its industry peers.
- ML has a better Return On Invested Capital (8.17%) than 76.67% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ML is in line with the industry average of 10.09%.
| 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
- With an excellent Profit Margin value of 5.84%, ML belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
- In the last couple of years the Profit Margin of ML has remained more or less at the same level.
- ML has a better Operating Margin (10.65%) than 93.33% of its industry peers.
- In the last couple of years the Operating Margin of ML has remained more or less at the same level.
- With a Gross Margin value of 27.60%, ML perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
- ML'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. ML.PA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ML is creating some value.
- There is no outstanding debt for ML. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- An Altman-Z score of 2.60 indicates that ML is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.60, ML is doing good in the industry, outperforming 80.00% of the companies in the same industry.
- The Debt to FCF ratio of ML is 6.17, which is on the high side as it means it would take ML, 6.17 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of ML (6.17) is better than 76.67% of its industry peers.
- A Debt/Equity ratio of 0.32 indicates that ML is not too dependend on debt financing.
- ML has a better Debt to Equity ratio (0.32) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.17 | ||
| Altman-Z | 2.6 |
ROIC/WACC1.18
WACC6.9%
2.3 Liquidity
- ML has a Current Ratio of 1.80. This is a normal value and indicates that ML is financially healthy and should not expect problems in meeting its short term obligations.
- With an excellent Current ratio value of 1.80, ML belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
- ML has a Quick Ratio of 1.12. This is a normal value and indicates that ML is financially healthy and should not expect problems in meeting its short term obligations.
- ML has a better Quick ratio (1.12) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. ML.PA Growth Analysis
3.1 Past
- The earnings per share for ML have decreased by -9.92% in the last year.
- Measured over the past years, ML shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.88% on average per year.
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
- The Earnings Per Share is expected to grow by 21.73% on average over the next years. This is a very strong growth
- Based on estimates for the next years, ML will show a small growth in Revenue. The Revenue will grow by 4.93% on average per year.
EPS Next Y27.84%
EPS Next 2Y21.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.35%
Revenue Next 2Y3%
Revenue Next 3Y3.49%
Revenue Next 5Y4.93%
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 stable.
4. ML.PA Valuation Analysis
4.1 Price/Earnings Ratio
- ML is valuated correctly with a Price/Earnings ratio of 13.15.
- Compared to the rest of the industry, the Price/Earnings ratio of ML is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, ML is valued a bit cheaper.
- A Price/Forward Earnings ratio of 10.29 indicates a reasonable valuation of ML.
- ML's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ML is more expensive than 60.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, ML is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.15 | ||
| Fwd PE | 10.29 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ML is on the same level as its industry peers.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ML indicates a slightly more expensive valuation: ML is more expensive than 60.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.55 | ||
| EV/EBITDA | 5.2 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of ML may justify a higher PE ratio.
- ML's earnings are expected to grow with 21.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.47
PEG (5Y)0.6
EPS Next 2Y21.73%
EPS Next 3YN/A
5. ML.PA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.40%, ML is a good candidate for dividend investing.
- ML's Dividend Yield is a higher than the industry average which is at 2.96.
- ML's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
5.2 History
- The dividend of ML is nicely growing with an annual growth rate of 7.84%!
Dividend Growth(5Y)7.84%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
- ML pays out 62.40% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of ML is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.4%
EPS Next 2Y21.73%
EPS Next 3YN/A
ML.PA Fundamentals: All Metrics, Ratios and Statistics
EPA:ML (3/6/2026, 7:00:00 PM)
31.03
-0.31 (-0.99%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)07-22 2026-07-22
Inst Owners55.04%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap21.34B
Revenue(TTM)N/A
Net Income(TTM)1.56B
Analysts74.81
Price Target33.83 (9.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
Yearly Dividend1.35
Dividend Growth(5Y)7.84%
DP62.4%
Div Incr Years5
Div Non Decr Years5
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)4.53%
PT rev (3m)4.77%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.15 | ||
| Fwd PE | 10.29 | ||
| P/S | 0.8 | ||
| P/FCF | 17.55 | ||
| P/OCF | 6.31 | ||
| P/B | 1.2 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | 5.2 |
EPS(TTM)2.36
EY7.61%
EPS(NY)3.02
Fwd EY9.72%
FCF(TTM)1.77
FCFY5.7%
OCF(TTM)4.92
OCFY15.86%
SpS38.89
BVpS25.78
TBVpS18.97
PEG (NY)0.47
PEG (5Y)0.6
Graham Number37
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 | 4.55% |
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 Rank | Sector 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 | 2.6 |
F-Score5
WACC6.9%
ROIC/WACC1.18
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 Y27.84%
EPS Next 2Y21.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-5.46%
Revenue Next Year2.35%
Revenue Next 2Y3%
Revenue Next 3Y3.49%
Revenue Next 5Y4.93%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year42.69%
EBIT Next 3Y18.24%
EBIT Next 5Y16.26%
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) / ML.PA FAQ
What is the ChartMill fundamental rating of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ML.PA.
What is the valuation status of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a valuation rating of 5 / 10 to MICHELIN (CGDE) (ML.PA). This can be considered as Fairly Valued.
How profitable is MICHELIN (CGDE) (ML.PA) stock?
MICHELIN (CGDE) (ML.PA) has a profitability rating of 6 / 10.
How financially healthy is MICHELIN (CGDE)?
The financial health rating of MICHELIN (CGDE) (ML.PA) is 6 / 10.
How sustainable is the dividend of MICHELIN (CGDE) (ML.PA) stock?
The dividend rating of MICHELIN (CGDE) (ML.PA) is 7 / 10 and the dividend payout ratio is 62.4%.