MICHELIN (CGDE) (ML.PA) Stock Fundamental Analysis

EPA:ML • FR001400AJ45

33.76 EUR
+0.29 (+0.87%)
Last: Feb 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, ML scores 5 out of 10 in our fundamental rating. ML was compared to 30 industry peers in the Automobile Components industry. Both the profitability and the financial health of ML get a neutral evaluation. Nothing too spectacular is happening here. ML has a valuation in line with the averages, but on the other hand it scores bad on growth. ML also has an excellent dividend rating. These ratings could make ML a good candidate for dividend investing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • ML had positive earnings in the past year.
  • In the past year ML had a positive cash flow from operations.
  • Of the past 5 years ML 4 years were profitable.
  • Of the past 5 years ML 4 years had a positive operating cash flow.
ML.PA Yearly Net Income VS EBIT VS OCF VS FCFML.PA 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

  • The Return On Assets of ML (4.39%) is better than 90.00% of its industry peers.
  • With a decent Return On Equity value of 8.81%, ML is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 8.17%, ML is doing good in the industry, outperforming 76.67% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ML is in line with the industry average of 10.27%.
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%
ML.PA Yearly ROA, ROE, ROICML.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • ML has a better Profit Margin (5.84%) than 93.33% of its industry peers.
  • 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.
  • ML has a Gross Margin (27.60%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of ML 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%
ML.PA Yearly Profit, Operating, Gross MarginsML.PA 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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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

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

  • An Altman-Z score of 2.65 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 2.65, ML is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • ML has a debt to FCF ratio of 6.17. This is a slightly negative value and a sign of low solvency as ML would need 6.17 years to pay back of all of its debts.
  • ML has a better Debt to FCF ratio (6.17) 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 Debt to Equity ratio of 0.32. This is amongst the best in the industry. ML outperforms 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.17
Altman-Z 2.65
ROIC/WACC1.17
WACC6.98%
ML.PA Yearly LT Debt VS Equity VS FCFML.PA 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

  • 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.
  • ML's Current ratio of 1.80 is amongst the best of the industry. ML outperforms 93.33% of its industry peers.
  • 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.
  • With an excellent Quick ratio value of 1.12, ML belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.12
ML.PA Yearly Current Assets VS Current LiabilitesML.PA 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for ML 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

  • 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

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
ML.PA Yearly Revenue VS EstimatesML.PA 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
ML.PA Yearly EPS VS EstimatesML.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • ML is valuated correctly with a Price/Earnings ratio of 14.31.
  • Based on the Price/Earnings ratio, ML is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.64. ML is valued slightly cheaper when compared to this.
  • ML is valuated reasonably with a Price/Forward Earnings ratio of 11.19.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ML.
  • ML's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.75.
Industry RankSector Rank
PE 14.31
Fwd PE 11.19
ML.PA Price Earnings VS Forward Price EarningsML.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • ML's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, ML is valued a bit more expensive than 60.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.09
EV/EBITDA 5.5
ML.PA Per share dataML.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • ML'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 ML may justify a higher PE ratio.
  • A more expensive valuation may be justified as ML's earnings are expected to grow with 21.73% in the coming years.
PEG (NY)0.51
PEG (5Y)0.65
EPS Next 2Y21.73%
EPS Next 3YN/A

More info and screens

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

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.12%, ML is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.84, ML pays a better dividend. On top of this ML pays more dividend than 83.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, ML pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.12%

5.2 History

  • On average, the dividend of ML grows each year by 7.84%, which is quite nice.
Dividend Growth(5Y)7.84%
Div Incr Years5
Div Non Decr Years5
ML.PA Yearly Dividends per shareML.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 62.40% of the earnings are spent on dividend by ML. This is not a sustainable payout ratio.
  • ML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.4%
EPS Next 2Y21.73%
EPS Next 3YN/A
ML.PA Yearly Income VS Free CF VS DividendML.PA 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
ML.PA Dividend Payout.ML.PA Dividend Payout, showing the Payout Ratio.ML.PA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MICHELIN (CGDE)

EPA:ML (2/23/2026, 7:00:00 PM)

33.76

+0.29 (+0.87%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)02-11
Earnings (Next)07-22
Inst Owners46.08%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap23.21B
Revenue(TTM)N/A
Net Income(TTM)1.56B
Analysts74.81
Price Target32.5 (-3.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.12%
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)0.44%
PT rev (3m)0.66%
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 RankSector Rank
PE 14.31
Fwd PE 11.19
P/S 0.87
P/FCF 19.09
P/OCF 6.86
P/B 1.31
P/tB 1.78
EV/EBITDA 5.5
EPS(TTM)2.36
EY6.99%
EPS(NY)3.02
Fwd EY8.94%
FCF(TTM)1.77
FCFY5.24%
OCF(TTM)4.92
OCFY14.57%
SpS38.89
BVpS25.78
TBVpS18.97
PEG (NY)0.51
PEG (5Y)0.65
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 2.65
F-Score5
WACC6.98%
ROIC/WACC1.17
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 Year41.45%
EBIT Next 3Y18.75%
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 8 / 10 and the dividend payout ratio is 62.4%.