(ML) Compagnie Generale des - Ratings and Ratios
Tires, Mobility Services, Accessories, High-Tech Materials
Description: ML Compagnie Generale des
Compagnie Générale des Établissements Michelin SCA (PA:ML) is a French multinational tire manufacturing company that produces and sells tires for various applications, including private and professional use, and offers related services such as mobility solutions and high-tech materials. The company has a diversified product portfolio, serving customers across multiple industries, including automotive, agriculture, construction, and aerospace.
From a financial perspective, Michelin has a significant market presence, with a market capitalization of €22.6 billion. The companys return on equity (RoE) stands at 21.56%, indicating a strong ability to generate profits from shareholder equity. Additionally, the forward price-to-earnings (P/E) ratio is 9.02, suggesting that the stock may be undervalued relative to its expected earnings growth. Other key performance indicators (KPIs) to monitor include revenue growth, operating margins, and cash flow generation.
Michelins business model is diversified across different segments, including original equipment (OE), replacement sales, and services. The companys focus on innovation and sustainability is evident in its development of high-tech materials and mobility solutions. As a Trading Analyst, it is essential to monitor the companys progress in these areas, as well as its ability to adapt to changing market trends and consumer demands.
To further evaluate Michelins stock, it is crucial to analyze its valuation multiples, such as the price-to-book (P/B) ratio, and compare them to industry peers. Additionally, monitoring the companys dividend yield and payout ratio can provide insights into its commitment to returning value to shareholders. By examining these KPIs and staying up-to-date on the companys developments, a more comprehensive understanding of Michelins investment potential can be gained.
ML Stock Overview
| Market Cap in USD | 27,227m |
| Sub-Industry | Automotive Parts & Equipment |
| IPO / Inception |
ML Stock Ratings
| Growth Rating | 24.8% |
| Fundamental | 85.9% |
| Dividend Rating | 73.0% |
| Return 12m vs S&P 500 | -22.2% |
| Analyst Rating | - |
ML Dividends
| Dividend Yield 12m | 4.40% |
| Yield on Cost 5y | 6.97% |
| Annual Growth 5y | 21.98% |
| Payout Consistency | 83.4% |
| Payout Ratio | 0.0% |
ML Growth Ratios
| Growth Correlation 3m | -29.1% |
| Growth Correlation 12m | -3.6% |
| Growth Correlation 5y | 66% |
| CAGR 5y | 9.16% |
| CAGR/Max DD 5y | 0.23 |
| Sharpe Ratio 12m | -0.02 |
| Alpha | -17.02 |
| Beta | 0.305 |
| Volatility | 21.59% |
| Current Volume | 1413.5k |
| Average Volume 20d | 1061.1k |
| Stop Loss | 30 (-3%) |
| Signal | -1.14 |
Piotroski VR‑10 (Strict, 0-10) 9.0
| Net Income (3.87b TTM) > 0 and > 6% of Revenue (6% = 3.33b TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA 7.38pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 11.94% (prev 14.48%; Δ -2.54pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.23 (>3.0%) and CFO 8.70b > Net Income 3.87b (YES >=105%, WARN >=100%) |
| Net Debt (3.63b) to EBITDA (9.04b) ratio: 0.40 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.76 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (721.9m) change vs 12m ago 0.30% (target <= -2.0% for YES) |
| Gross Margin 29.03% (prev 26.21%; Δ 2.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 152.6% (prev 122.1%; Δ 30.48pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 11.95 (EBITDA TTM 9.04b / Interest Expense TTM 441.0m) >= 6 (WARN >= 3) |
Altman Z'' 4.45
| (A) 0.18 = (Total Current Assets 15.34b - Total Current Liabilities 8.71b) / Total Assets 37.35b |
| (B) 0.43 = Retained Earnings (Balance) 16.02b / Total Assets 37.35b |
| (C) 0.14 = EBIT TTM 5.27b / Avg Total Assets 36.40b |
| (D) 0.87 = Book Value of Equity 16.37b / Total Liabilities 18.72b |
| Total Rating: 4.45 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 85.94
| 1. Piotroski 9.0pt = 4.0 |
| 2. FCF Yield 13.28% = 5.0 |
| 3. FCF Margin 6.18% = 1.54 |
| 4. Debt/Equity 0.35 = 2.44 |
| 5. Debt/Ebitda 0.72 = 2.11 |
| 6. ROIC - WACC 10.93% = 12.50 |
| 7. RoE 21.56% = 1.80 |
| 8. Rev. Trend 56.62% = 2.83 |
| 9. Rev. CAGR 35.48% = 2.50 |
| 10. EPS Trend -8.34% = -0.21 |
| 11. EPS CAGR 14.29% = 1.43 |
What is the price of ML shares?
Over the past week, the price has changed by -4.98%, over one month by -1.81%, over three months by -8.84% and over the past year by -9.00%.
Is Compagnie Generale des a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ML is around 31.34 EUR . This means that ML is currently overvalued and has a potential downside of 1.33%.
Is ML a buy, sell or hold?
What are the forecasts/targets for the ML price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 36.2 | 17.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 34.1 | 10.3% |
ML Fundamental Data Overview
Market Cap EUR = 23.37b (23.37b EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 4.03b EUR (Cash And Short Term Investments, last quarter)
P/E Trailing = 3.2002
P/E Forward = 9.0171
P/S = 0.8768
P/B = 1.3073
Beta = 1.0866
Revenue TTM = 55.54b EUR
EBIT TTM = 5.27b EUR
EBITDA TTM = 9.04b EUR
Long Term Debt = 4.90b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.60b EUR (from shortTermDebt, last quarter)
Debt = 6.50b EUR (Calculated: Short Term 1.60b + Long Term 4.90b)
Net Debt = 3.63b EUR (from netDebt column, last quarter)
Enterprise Value = 25.84b EUR (23.37b + Debt 6.50b - CCE 4.03b)
Interest Coverage Ratio = 11.95 (Ebit TTM 5.27b / Interest Expense TTM 441.0m)
FCF Yield = 13.28% (FCF TTM 3.43b / Enterprise Value 25.84b)
FCF Margin = 6.18% (FCF TTM 3.43b / Revenue TTM 55.54b)
Net Margin = 6.97% (Net Income TTM 3.87b / Revenue TTM 55.54b)
Gross Margin = 29.03% ((Revenue TTM 55.54b - Cost of Revenue TTM 39.41b) / Revenue TTM)
Tobins Q-Ratio = 1.58 (Enterprise Value 25.84b / Book Value Of Equity 16.37b)
Interest Expense / Debt = 1.60% (Interest Expense 104.0m / Debt 6.50b)
Taxrate = 22.70% (from yearly Income Tax Expense: 555.0m / 2.44b)
NOPAT = 4.07b (EBIT 5.27b * (1 - 22.70%))
Current Ratio = 1.76 (Total Current Assets 15.34b / Total Current Liabilities 8.71b)
Debt / Equity = 0.35 (Debt 6.50b / last Quarter total Stockholder Equity 18.62b)
Debt / EBITDA = 0.72 (Net Debt 3.63b / EBITDA 9.04b)
Debt / FCF = 1.89 (Debt 6.50b / FCF TTM 3.43b)
Total Stockholder Equity = 17.95b (last 4 quarters mean)
RoA = 10.36% (Net Income 3.87b, Total Assets 37.35b )
RoE = 21.56% (Net Income TTM 3.87b / Total Stockholder Equity 17.95b)
RoCE = 23.07% (Ebit 5.27b / (Equity 17.95b + L.T.Debt 4.90b))
RoIC = 16.78% (NOPAT 4.07b / Invested Capital 24.27b)
WACC = 5.86% (E(23.37b)/V(29.87b) * Re(7.14%)) + (D(6.50b)/V(29.87b) * Rd(1.60%) * (1-Tc(0.23)))
Shares Correlation 5-Years: 90.0 | Cagr: 0.30%
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈2.31b ; Y1≈2.85b ; Y5≈4.87b
Fair Price DCF = 116.1 (DCF Value 82.84b / Shares Outstanding 713.3m; 5y FCF grow 25.0% → 3.0% )
Revenue Correlation: 56.62 | Revenue CAGR: 35.48%
Rev Growth-of-Growth: 0.96
EPS Correlation: -8.34 | EPS CAGR: 14.29%
EPS Growth-of-Growth: 169.3