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

Europe • Euronext Paris • EPA:ML • FR001400AJ45

32.98 EUR
+0.03 (+0.09%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Overall ML gets a fundamental rating of 6 out of 10. We evaluated ML against 29 industry peers in the Automobile Components industry. While ML has a great profitability rating, there are some minor concerns on its financial health. ML is quite expensive at the moment. It does show a decent growth rate. Finally ML also has an excellent dividend rating. This makes ML very considerable for dividend investing!


Dividend Valuation Growth Profitability Health

7

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 each of the past 5 years.
  • Each year in the past 5 years ML 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

  • With an excellent Return On Assets value of 4.39%, ML belongs to the best of the industry, outperforming 89.66% 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 79.31% of its industry peers.
  • ML's Return On Invested Capital of 8.17% is fine compared to the rest of the industry. ML outperforms 75.86% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ML is above the industry average of 6.49%.
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's Profit Margin of 5.84% is amongst the best of the industry. ML outperforms 93.10% 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's Operating Margin of 10.65% is amongst the best of the industry. ML outperforms 93.10% of its industry peers.
  • ML's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of ML (27.60%) is comparable to the rest of the industry.
  • ML's Gross Margin has been stable in the last couple of years.
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

  • 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.
  • The debt/assets ratio for ML is higher compared to a year ago.
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

  • 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.
  • The Altman-Z score of ML (2.66) is better than 86.21% 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.
  • With a decent Debt to FCF ratio value of 6.17, ML is doing good in the industry, outperforming 72.41% of the companies in the same industry.
  • ML has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.32, ML is doing good in the industry, outperforming 79.31% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 6.17
Altman-Z 2.66
ROIC/WACC1.17
WACC7.01%
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.
  • Looking at the Current ratio, with a value of 1.80, ML belongs to the top of the industry, outperforming 89.66% 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.
  • The Quick ratio of ML (1.12) is better than 79.31% of its industry peers.
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

4

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%.
  • Measured over the past 5 years, ML shows a small growth in Earnings Per Share. The EPS has been growing by 1.64% on average per year.
  • The Revenue has decreased by -3.62% in the past 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

  • ML is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.10% yearly.
  • 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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.06, which 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 (27.92), we can say ML is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 10.93 indicates a reasonable valuation of ML.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ML is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. ML is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.06
Fwd PE 10.93
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 a bit more expensive when compared to the industry. ML is more expensive than 62.07% of the companies in the same industry.
  • 65.52% of the companies in the same industry are cheaper than ML, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 19.27
EV/EBITDA 5.58
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

  • The decent profitability rating of ML may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)9.17
EPS Next 2Y7.31%
EPS Next 3Y10.1%

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 4.40%, ML is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.01, ML pays a better dividend. On top of this ML pays more dividend than 82.76% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, ML pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.4%

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 0.2 0.4 0.6 0.8 1

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 2Y7.31%
EPS Next 3Y10.1%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

MICHELIN (CGDE)

EPA:ML (2/6/2026, 7:00:00 PM)

32.98

+0.03 (+0.09%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)N/A
Earnings (Next)02-11
Inst Owners46.08%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap23.43B
Revenue(TTM)26.74B
Net Income(TTM)1.56B
Analysts76.67
Price Target32.36 (-1.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector Rank
PE 15.06
Fwd PE 10.93
P/S 0.88
P/FCF 19.27
P/OCF 6.93
P/B 1.32
P/tB 1.8
EV/EBITDA 5.58
EPS(TTM)2.19
EY6.64%
EPS(NY)3.02
Fwd EY9.15%
FCF(TTM)1.71
FCFY5.19%
OCF(TTM)4.76
OCFY14.44%
SpS37.63
BVpS24.94
TBVpS18.36
PEG (NY)N/A
PEG (5Y)9.17
Graham Number35.06
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 2.66
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 3 / 10 to MICHELIN (CGDE) (ML.PA). This can be considered as Overvalued.


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 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%.