MICHELIN (CGDE) (ML.PA) Fundamental Analysis & Valuation
EPA:ML • FR001400AJ45
Current stock price
31.71 EUR
-0.35 (-1.09%)
Last:
This ML.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. ML.PA Profitability Analysis
1.1 Basic Checks
- In the past year ML was profitable.
- In the past year ML had a positive cash flow from operations.
- In the past 5 years ML has always been profitable.
- Each year in the past 5 years ML had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 4.75%, ML belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
- ML's Return On Equity of 9.21% is fine compared to the rest of the industry. ML outperforms 77.42% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 7.20%, ML is in the better half of the industry, outperforming 74.19% of the companies in the same industry.
- ML had an Average Return On Invested Capital over the past 3 years of 8.36%. This is in line with the industry average of 9.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 9.21% | ||
| ROIC | 7.2% |
ROA(3y)5.14%
ROA(5y)5.28%
ROE(3y)10.12%
ROE(5y)10.87%
ROIC(3y)8.36%
ROIC(5y)8.5%
1.3 Margins
- ML's Profit Margin of 6.41% is amongst the best of the industry. ML outperforms 90.32% of its industry peers.
- In the last couple of years the Profit Margin of ML has grown nicely.
- ML's Operating Margin of 10.10% is amongst the best of the industry. ML outperforms 93.55% of its industry peers.
- In the last couple of years the Operating Margin of ML has grown nicely.
- ML has a Gross Margin of 27.00%. This is comparable to the rest of the industry: ML outperforms 58.06% of its industry peers.
- ML's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.1% | ||
| PM (TTM) | 6.41% | ||
| GM | 27% |
OM growth 3Y-2.76%
OM growth 5Y2.31%
PM growth 3Y-2.91%
PM growth 5Y15.86%
GM growth 3Y0.8%
GM growth 5Y-0.66%
2. ML.PA Health Analysis
2.1 Basic Checks
- ML has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- ML has less shares outstanding than it did 1 year ago.
- ML has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, ML has an improved debt to assets ratio.
2.2 Solvency
- ML has an Altman-Z score of 2.69. This is not the best score and indicates that ML is in the grey zone with still only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.69, ML is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
- The Debt to FCF ratio of ML is 3.70, which is a good value as it means it would take ML, 3.70 years of fcf income to pay off all of its debts.
- ML's Debt to FCF ratio of 3.70 is amongst the best of the industry. ML outperforms 90.32% of its industry peers.
- A Debt/Equity ratio of 0.32 indicates that ML is not too dependend on debt financing.
- ML's Debt to Equity ratio of 0.32 is amongst the best of the industry. ML outperforms 83.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.7 | ||
| Altman-Z | 2.69 |
ROIC/WACC1.05
WACC6.86%
2.3 Liquidity
- ML has a Current Ratio of 1.90. 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 Current ratio (1.90) than 87.10% of its industry peers.
- ML has a Quick Ratio of 1.22. 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 Quick ratio of 1.22. This is amongst the best in the industry. ML outperforms 80.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.22 |
3. ML.PA Growth Analysis
3.1 Past
- The earnings per share for ML have decreased by -9.92% in the last year.
- ML shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.88% yearly.
- Looking at the last year, ML shows a decrease in Revenue. The Revenue has decreased by -4.42% in the last year.
- The Revenue has been growing slightly by 4.89% on average over the past years.
EPS 1Y (TTM)-9.92%
EPS 3Y-5.65%
EPS 5Y21.88%
EPS Q2Q%16.67%
Revenue 1Y (TTM)-4.42%
Revenue growth 3Y-3.13%
Revenue growth 5Y4.89%
Sales Q2Q%-5.46%
3.2 Future
- ML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.56% yearly.
- Based on estimates for the next years, ML will show a small growth in Revenue. The Revenue will grow by 5.05% on average per year.
EPS Next Y22.91%
EPS Next 2Y19.93%
EPS Next 3Y17.56%
EPS Next 5YN/A
Revenue Next Year2.64%
Revenue Next 2Y3.31%
Revenue Next 3Y3.25%
Revenue Next 5Y5.05%
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.
- 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. ML.PA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 13.44, which indicates a correct valuation of ML.
- Based on the Price/Earnings ratio, ML is valued a bit cheaper than 64.52% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.15. ML is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 10.93 indicates a reasonable valuation of ML.
- ML's Price/Forward Earnings ratio is in line with the industry average.
- ML's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as ML.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ML is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.19 | ||
| EV/EBITDA | 5.33 |
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 17.56% in the coming years.
PEG (NY)0.59
PEG (5Y)0.61
EPS Next 2Y19.93%
EPS Next 3Y17.56%
5. ML.PA Dividend Analysis
5.1 Amount
- ML has a Yearly Dividend Yield of 4.30%, which is a nice return.
- ML's Dividend Yield is rather good when compared to the industry average which is at 3.29. ML pays more dividend than 80.65% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, ML pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
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 Years6
5.3 Sustainability
- ML pays out 58.50% of its income as dividend. This is a bit on the high side, but may be sustainable.
- ML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.5%
EPS Next 2Y19.93%
EPS Next 3Y17.56%
ML.PA Fundamentals: All Metrics, Ratios and Statistics
EPA:ML (4/28/2026, 2:34:55 PM)
31.71
-0.35 (-1.09%)
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 Owners56.89%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap21.80B
Revenue(TTM)25.99B
Net Income(TTM)1.67B
Analysts73.33
Price Target33.56 (5.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
Yearly Dividend1.35
Dividend Growth(5Y)7.84%
DP58.5%
Div Incr Years5
Div Non Decr Years6
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)-0.8%
PT rev (3m)3.69%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.09%
EPS NY rev (3m)-3.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 10.93 | ||
| P/S | 0.84 | ||
| P/FCF | 12.19 | ||
| P/OCF | 5.71 | ||
| P/B | 1.21 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 5.33 |
EPS(TTM)2.36
EY7.44%
EPS(NY)2.9
Fwd EY9.15%
FCF(TTM)2.6
FCFY8.2%
OCF(TTM)5.56
OCFY17.52%
SpS37.8
BVpS26.28
TBVpS19.59
PEG (NY)0.59
PEG (5Y)0.61
Graham Number37.3579 (17.81%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 9.21% | ||
| ROCE | 9.54% | ||
| ROIC | 7.2% | ||
| ROICexc | 8.41% | ||
| ROICexgc | 10.45% | ||
| OM | 10.1% | ||
| PM (TTM) | 6.41% | ||
| GM | 27% | ||
| FCFM | 6.88% |
ROA(3y)5.14%
ROA(5y)5.28%
ROE(3y)10.12%
ROE(5y)10.87%
ROIC(3y)8.36%
ROIC(5y)8.5%
ROICexc(3y)9.63%
ROICexc(5y)9.81%
ROICexgc(3y)12.01%
ROICexgc(5y)12.12%
ROCE(3y)11.07%
ROCE(5y)11.37%
ROICexgc growth 3Y-3.61%
ROICexgc growth 5Y4.07%
ROICexc growth 3Y-4.51%
ROICexc growth 5Y4.25%
OM growth 3Y-2.76%
OM growth 5Y2.31%
PM growth 3Y-2.91%
PM growth 5Y15.86%
GM growth 3Y0.8%
GM growth 5Y-0.66%
F-Score6
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.7 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 104.58% | ||
| Cap/Sales | 7.82% | ||
| Interest Coverage | 9.05 | ||
| Cash Conversion | 83.64% | ||
| Profit Quality | 107.39% | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 2.69 |
F-Score6
WACC6.86%
ROIC/WACC1.05
Cap/Depr(3y)112.42%
Cap/Depr(5y)110.07%
Cap/Sales(3y)8.05%
Cap/Sales(5y)7.76%
Profit Quality(3y)123.14%
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 Y22.91%
EPS Next 2Y19.93%
EPS Next 3Y17.56%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.42%
Revenue growth 3Y-3.13%
Revenue growth 5Y4.89%
Sales Q2Q%-5.46%
Revenue Next Year2.64%
Revenue Next 2Y3.31%
Revenue Next 3Y3.25%
Revenue Next 5Y5.05%
EBIT growth 1Y-17.67%
EBIT growth 3Y-5.8%
EBIT growth 5Y7.32%
EBIT Next Year88.35%
EBIT Next 3Y31.57%
EBIT Next 5Y22.91%
FCF growth 1Y-13.79%
FCF growth 3YN/A
FCF growth 5Y-3.58%
OCF growth 1Y-11.9%
OCF growth 3Y25.53%
OCF growth 5Y2.56%
MICHELIN (CGDE) / ML.PA Fundamental Analysis FAQ
What is the ChartMill fundamental rating of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a fundamental rating of 7 / 10 to ML.PA.
What is the valuation status of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a valuation rating of 6 / 10 to MICHELIN (CGDE) (ML.PA). This can be considered as Fairly Valued.
Can you provide the profitability details for MICHELIN (CGDE)?
MICHELIN (CGDE) (ML.PA) has a profitability rating of 7 / 10.
What is the financial health of MICHELIN (CGDE) (ML.PA) stock?
The financial health rating of MICHELIN (CGDE) (ML.PA) is 8 / 10.
What is the expected EPS growth for MICHELIN (CGDE) (ML.PA) stock?
The Earnings per Share (EPS) of MICHELIN (CGDE) (ML.PA) is expected to grow by 22.91% in the next year.