MICHELIN (CGDE) (ML.PA) Stock Fundamental Analysis
Europe • Euronext Paris • EPA:ML • FR001400AJ45
32.95 EUR
-0.43 (-1.29%)
Last: Feb 5, 2026, 07:00 PM
We assign a fundamental rating of 6 out of 10 to ML. ML was compared to 29 industry peers in the Automobile Components industry. Both the health and profitability get an excellent rating, making ML a very profitable company, without any liquidiy or solvency issues. ML has a correct valuation and a medium growth rate. Finally ML also has an excellent dividend rating. This makes ML very considerable 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.
- Each year in the past 5 years ML has been profitable.
- In the past 5 years ML always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 4.39%, ML belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
- With an excellent Return On Equity value of 8.81%, ML belongs to the best of the industry, outperforming 82.76% 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 79.31% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for ML is above the industry average of 6.49%.
| 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
- ML has a Profit Margin of 5.84%. This is amongst the best in the industry. ML outperforms 96.55% of its industry peers.
- ML's Profit Margin has been stable in the last couple of years.
- The Operating Margin of ML (10.65%) is better than 96.55% of its industry peers.
- In the last couple of years the Operating Margin of ML has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 27.60%, ML is in line with its industry, outperforming 55.17% 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. 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.
- The number of shares outstanding for ML has been reduced compared to 1 year ago.
- The number of shares outstanding for ML has been reduced compared to 5 years ago.
- Compared to 1 year ago, ML has a worse debt to assets ratio.
2.2 Solvency
- ML has an Altman-Z score of 2.67. 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.
- ML has a better Altman-Z score (2.67) than 82.76% of its industry peers.
- 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 75.86% 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 82.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.17 | ||
| Altman-Z | 2.67 |
ROIC/WACC1.17
WACC7.01%
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 93.10% 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's Quick ratio of 1.12 is amongst the best of the industry. ML outperforms 82.76% 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 strongly by -18.28% in the last year.
- ML shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.64% yearly.
- Looking at the last year, ML shows a decrease in Revenue. The Revenue has decreased by -3.62% in the last year.
- The Revenue has been growing slightly by 2.41% on average over the past years.
EPS 1Y (TTM)-18.28%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-26.88%
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
3.2 Future
- Based on estimates for the next years, ML will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.10% on average per year.
- ML is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.12% yearly.
EPS Next Y-1.08%
EPS Next 2Y7.31%
EPS Next 3Y10.1%
EPS Next 5YN/A
Revenue Next Year-5.06%
Revenue Next 2Y-1.48%
Revenue Next 3Y0.27%
Revenue Next 5Y3.12%
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 accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 15.05 indicates a correct valuation of ML.
- The rest of the industry has a similar Price/Earnings ratio as ML.
- When comparing the Price/Earnings ratio of ML to the average of the S&P500 Index (27.67), we can say ML is valued slightly cheaper.
- With a Price/Forward Earnings ratio of 10.92, the valuation of ML can be described as very reasonable.
- ML's Price/Forward Earnings ratio is in line with the industry average.
- ML is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.05 | ||
| Fwd PE | 10.92 |
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 the industry average as 62.07% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.25 | ||
| EV/EBITDA | 5.65 |
4.3 Compensation for Growth
- ML has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)9.16
EPS Next 2Y7.31%
EPS Next 3Y10.1%
5. Dividend
5.1 Amount
- ML has a Yearly Dividend Yield of 4.40%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.01, ML pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ML pays a better dividend.
| 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
- 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 2Y7.31%
EPS Next 3Y10.1%
EPA:ML (2/5/2026, 7:00:00 PM)
32.95
-0.43 (-1.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)N/A N/A
Earnings (Next)02-11 2026-02-11/amc
Inst Owners46.08%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap23.41B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts76.67
Price Target32.36 (-1.79%)
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)0.55%
PT rev (3m)0.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.16%
EPS NY rev (3m)-18.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.05 | ||
| Fwd PE | 10.92 | ||
| P/S | 0.88 | ||
| P/FCF | 19.25 | ||
| P/OCF | 6.92 | ||
| P/B | 1.32 | ||
| P/tB | 1.79 | ||
| EV/EBITDA | 5.65 |
EPS(TTM)2.19
EY6.65%
EPS(NY)3.02
Fwd EY9.16%
FCF(TTM)1.71
FCFY5.19%
OCF(TTM)4.76
OCFY14.45%
SpS37.63
BVpS24.94
TBVpS18.36
PEG (NY)N/A
PEG (5Y)9.16
Graham Number35.06
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 | 2.67 |
F-Score5
WACC7.01%
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)-18.28%
EPS 3Y0.78%
EPS 5Y1.64%
EPS Q2Q%-26.88%
EPS Next Y-1.08%
EPS Next 2Y7.31%
EPS Next 3Y10.1%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.62%
Revenue growth 3Y4.55%
Revenue growth 5Y2.41%
Sales Q2Q%-3.36%
Revenue Next Year-5.06%
Revenue Next 2Y-1.48%
Revenue Next 3Y0.27%
Revenue Next 5Y3.12%
EBIT growth 1Y-17.5%
EBIT growth 3Y1.98%
EBIT growth 5Y1.14%
EBIT Next Year41.45%
EBIT Next 3Y18.75%
EBIT Next 5Y16.74%
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 6 / 10 to ML.PA.
What is the valuation status of MICHELIN (CGDE) (ML.PA) stock?
ChartMill assigns a valuation rating of 4 / 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 7 / 10.
How financially healthy is MICHELIN (CGDE)?
The financial health rating of MICHELIN (CGDE) (ML.PA) is 7 / 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%.