MICHELIN (CGDE) (ML.PA) Stock Fundamental Analysis
EPA:ML • FR001400AJ45
34.37 EUR
+0.61 (+1.81%)
Last: Feb 24, 2026, 05:36 PM
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 only an average score on both its financial health and profitability. ML is valued correctly, but it does not seem to be growing. ML also has an excellent dividend rating. With these ratings, ML could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
- ML had positive earnings in the past year.
- ML had a positive operating cash flow in the past year.
- ML had positive earnings in 4 of the past 5 years.
- ML had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 4.39%, ML belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
- ML's Return On Equity of 8.81% is fine compared to the rest of the industry. ML outperforms 76.67% of its industry peers.
- ML's Return On Invested Capital of 8.17% is fine compared to the rest of the industry. ML outperforms 73.33% of its industry peers.
- ML had an Average Return On Invested Capital over the past 3 years of 9.25%. This is in line with the industry average of 10.27%.
| 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
- Looking at the Profit Margin, with a value of 5.84%, ML belongs to the top of the industry, outperforming 90.00% 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.
- With an excellent Operating Margin value of 10.65%, ML belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
- 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.
- 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. 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.
- 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
- ML has an Altman-Z score of 2.66. 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.
- With an excellent Altman-Z score value of 2.66, ML belongs to the best of the industry, outperforming 83.33% 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.
- The Debt to FCF ratio of ML (6.17) is better than 73.33% 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 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.17 | ||
| Altman-Z | 2.66 |
ROIC/WACC1.17
WACC6.98%
2.3 Liquidity
- A Current Ratio of 1.80 indicates that ML should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.80, ML belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
- A Quick Ratio of 1.12 indicates that ML should not have too much problems paying its short term obligations.
- ML has a Quick ratio of 1.12. This is in the better half of the industry: ML outperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
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.
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
- ML is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.93% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
- ML is valuated correctly with a Price/Earnings ratio of 14.56.
- Compared to the rest of the industry, the Price/Earnings ratio of ML indicates a somewhat cheap valuation: ML is cheaper than 63.33% of the companies listed in the same industry.
- ML's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.64.
- The Price/Forward Earnings ratio is 11.39, which indicates a very decent valuation of ML.
- 60.00% of the companies in the same industry are cheaper than ML, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of ML to the average of the S&P500 Index (27.75), we can say ML is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.56 | ||
| Fwd PE | 11.39 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ML indicates a slightly more expensive valuation: ML is more expensive than 60.00% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, ML is valued a bit more expensive than the industry average as 63.33% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.43 | ||
| EV/EBITDA | 5.54 |
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.
- ML's earnings are expected to grow with 21.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.52
PEG (5Y)0.67
EPS Next 2Y21.73%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.12%, ML is a good candidate for dividend investing.
- ML's Dividend Yield is rather good when compared to the industry average which is at 2.84. ML pays more dividend than 83.33% of the companies in the same industry.
- ML's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
| Industry Rank | Sector 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
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
EPA:ML (2/24/2026, 5:36:15 PM)
34.37
+0.61 (+1.81%)
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 Owners46.08%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap23.63B
Revenue(TTM)N/A
Net Income(TTM)1.56B
Analysts74.81
Price Target32.5 (-5.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.56 | ||
| Fwd PE | 11.39 | ||
| P/S | 0.88 | ||
| P/FCF | 19.43 | ||
| P/OCF | 6.99 | ||
| P/B | 1.33 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 5.54 |
EPS(TTM)2.36
EY6.87%
EPS(NY)3.02
Fwd EY8.78%
FCF(TTM)1.77
FCFY5.15%
OCF(TTM)4.92
OCFY14.31%
SpS38.89
BVpS25.78
TBVpS18.97
PEG (NY)0.52
PEG (5Y)0.67
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 | 2.66 |
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%.