MICHELIN (CGDE) (ML.PA) Stock Fundamental Analysis
EPA:ML • FR001400AJ45
33.95 EUR
+1.58 (+4.88%)
Last: Feb 12, 2026, 05:36 PM
ML gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Automobile Components industry. ML has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ML is not valued too expensively and it also shows a decent growth rate. Finally ML also has an excellent dividend rating. These ratings would make ML suitable for dividend investing!
1. Profitability
1.1 Basic Checks
- In the past year ML was profitable.
- ML had a positive operating cash flow in the past year.
- ML had positive earnings in each of the past 5 years.
- In the past 5 years ML always reported a positive cash flow from operatings.
1.2 Ratios
- ML has a better Return On Assets (4.39%) than 90.63% of its industry peers.
- Looking at the Return On Equity, with a value of 8.81%, ML belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
- ML's Return On Invested Capital of 8.17% is fine compared to the rest of the industry. ML outperforms 78.13% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for ML is above the industry average of 6.33%.
| 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 better Profit Margin (5.84%) than 93.75% 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 93.75% of its industry peers.
- ML's Operating Margin has been stable in the last couple of years.
- ML has a Gross Margin (27.60%) which is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of ML has remained more or less at the same level.
| 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.
- 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 a worse debt to assets ratio.
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.
- Looking at the Altman-Z score, with a value of 2.65, ML belongs to the top of the industry, outperforming 84.38% 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.
- ML has a better Debt to FCF ratio (6.17) than 75.00% of its industry peers.
- ML has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
- ML's Debt to Equity ratio of 0.32 is amongst the best of the industry. ML outperforms 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 6.17 | ||
| Altman-Z | 2.65 |
ROIC/WACC1.16
WACC7.03%
2.3 Liquidity
- A Current Ratio of 1.80 indicates that ML should not have too much problems paying its short term obligations.
- ML's Current ratio of 1.80 is amongst the best of the industry. ML outperforms 90.63% of its industry peers.
- A Quick Ratio of 1.12 indicates that ML should not have too much problems paying its short term obligations.
- The Quick ratio of ML (1.12) is better than 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
- ML shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.28%.
- The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
- ML shows a decrease in Revenue. In the last year, the revenue decreased by -3.62%.
- 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.
- Based on estimates for the next years, ML will show a small growth in Revenue. The Revenue will grow by 3.12% on average per year.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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 15.50 indicates a correct valuation of ML.
- The rest of the industry has a similar Price/Earnings ratio as ML.
- ML's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
- ML is valuated reasonably with a Price/Forward Earnings ratio of 11.25.
- ML's Price/Forward Earnings is on the same level as the industry average.
- ML is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.5 | ||
| Fwd PE | 11.25 |
4.2 Price Multiples
- ML's Enterprise Value to EBITDA ratio is in line with the industry average.
- ML's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.84 | ||
| EV/EBITDA | 5.5 |
4.3 Compensation for Growth
- The decent profitability rating of ML may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)9.44
EPS Next 2Y7.31%
EPS Next 3Y10.1%
5. Dividend
5.1 Amount
- ML has a Yearly Dividend Yield of 4.19%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.80, ML pays a better dividend. On top of this ML pays more dividend than 81.25% of the companies listed 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 | 4.19% |
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
- 62.40% of the earnings are spent on dividend by ML. 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 2Y7.31%
EPS Next 3Y10.1%
EPA:ML (2/12/2026, 5:36:15 PM)
33.95
+1.58 (+4.88%)
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 Cap24.12B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts76.67
Price Target32.5 (-4.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
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)0.99%
PT rev (3m)0.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.16%
EPS NY rev (3m)-1.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.5 | ||
| Fwd PE | 11.25 | ||
| P/S | 0.9 | ||
| P/FCF | 19.84 | ||
| P/OCF | 7.13 | ||
| P/B | 1.36 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 5.5 |
EPS(TTM)2.19
EY6.45%
EPS(NY)3.02
Fwd EY8.89%
FCF(TTM)1.71
FCFY5.04%
OCF(TTM)4.76
OCFY14.02%
SpS37.63
BVpS24.94
TBVpS18.36
PEG (NY)N/A
PEG (5Y)9.44
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 | 2.65 |
F-Score5
WACC7.03%
ROIC/WACC1.16
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 8 / 10 and the dividend payout ratio is 62.4%.