(ML) Compagnie Generale des - Ratings and Ratios
Tires, Maps, Services, Materials, Mobility
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.90% |
| Yield on Cost 5y | 6.25% |
| Yield CAGR 5y | -9.36% |
| Payout Consistency | 81.4% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 18.6% |
| Value at Risk 5%th | 27.8% |
| Relative Tail Risk | -9.05% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.39 |
| Alpha | -13.98 |
| CAGR/Max DD | 0.09 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.684 |
| Beta | 0.092 |
| Beta Downside | 0.045 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.18% |
| Mean DD | 9.16% |
| Median DD | 7.99% |
Description: ML Compagnie Generale des December 19, 2025
Compagnie Générale des Établissements Michelin SCA (ticker ML) is a French-based, globally-active tire manufacturer founded in 1863 and headquartered in Clermont-Ferrand. The firm produces a full spectrum of tires for private vehicles (cars, motorcycles, bicycles, scooters) and for professional applications (freight, agriculture, construction, mining, civil-military, light rail, and aircraft), positioning itself across the entire mobility value chain.
Beyond tire sales, Michelin has expanded into mobility services (fleet-management platforms, navigation apps, travel guides), lifestyle accessories (car and bike gear, shoe soles, sports equipment), and high-tech materials (3D-metal printing, specialty rubbers, biosourced and recycled compounds). These non-tire segments now represent roughly 10-12 % of total revenue, providing a hedge against cyclical tire demand and aligning with sustainability trends in the automotive sector.
In FY 2023 Michelin reported €28.6 billion in revenue with an adjusted operating margin of 11.5 %, while raw-material price inflation and the shift toward electric-vehicle (EV) tires are key drivers of near-term earnings volatility. The company’s exposure to global automotive production cycles and to commodity price movements (natural rubber, synthetic polymers) makes macro-economic growth and input-cost trends critical levers for performance.
For a data-driven deep-dive into Michelin’s valuation metrics and scenario analysis, consider exploring the analyst tools on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 9.0
| Net Income (3.07b TTM) > 0 and > 6% of Revenue (6% = 2.88b TTM) |
| FCFTA 0.13 (>2.0%) and ΔFCFTA 7.56pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 13.72% (prev 14.22%; Δ -0.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.24 (>3.0%) and CFO 8.57b > Net Income 3.07b (YES >=105%, WARN >=100%) |
| Net Debt (4.40b) to EBITDA (7.62b) ratio: 0.58 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.80 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (714.3m) change vs 12m ago -0.75% (target <= -2.0% for YES) |
| Gross Margin 29.45% (prev 26.27%; Δ 3.18pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 135.1% (prev 124.3%; Δ 10.81pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 8.05 (EBITDA TTM 7.62b / Interest Expense TTM 537.0m) >= 6 (WARN >= 3) |
Altman Z'' 4.41
| (A) 0.19 = (Total Current Assets 14.78b - Total Current Liabilities 8.19b) / Total Assets 35.55b |
| (B) 0.45 = Retained Earnings (Balance) 16.02b / Total Assets 35.55b |
| (C) 0.12 = EBIT TTM 4.32b / Avg Total Assets 35.50b |
| (D) 0.86 = Book Value of Equity 15.40b / Total Liabilities 17.82b |
| Total Rating: 4.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 78.35
| 1. Piotroski 9.0pt |
| 2. FCF Yield 19.16% |
| 3. FCF Margin 9.83% |
| 4. Debt/Equity 0.42 |
| 5. Debt/Ebitda 0.58 |
| 6. ROIC - WACC (= 8.06)% |
| 7. RoE 17.02% |
| 8. Rev. Trend 23.76% |
| 9. EPS Trend -21.01% |
What is the price of ML shares?
Over the past week, the price has changed by -0.21%, over one month by +2.51%, over three months by -8.24% and over the past year by -7.73%.
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 | 28.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 29.5 | 4.7% |
ML Fundamental Data Overview December 22, 2025
Market Cap EUR = 20.21b (20.21b EUR * 1.0 EUR.EUR)
P/E Trailing = 2.7666
P/E Forward = 9.0171
P/S = 0.7561
P/B = 1.1011
Beta = 1.0866
Revenue TTM = 47.97b EUR
EBIT TTM = 4.32b EUR
EBITDA TTM = 7.62b EUR
Long Term Debt = 4.89b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.84b EUR (from shortTermDebt, last quarter)
Debt = 7.52b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.40b EUR (from netDebt column, last quarter)
Enterprise Value = 24.61b EUR (20.21b + Debt 7.52b - CCE 3.12b)
Interest Coverage Ratio = 8.05 (Ebit TTM 4.32b / Interest Expense TTM 537.0m)
FCF Yield = 19.16% (FCF TTM 4.72b / Enterprise Value 24.61b)
FCF Margin = 9.83% (FCF TTM 4.72b / Revenue TTM 47.97b)
Net Margin = 6.40% (Net Income TTM 3.07b / Revenue TTM 47.97b)
Gross Margin = 29.45% ((Revenue TTM 47.97b - Cost of Revenue TTM 33.84b) / Revenue TTM)
Gross Margin QoQ = 28.17% (prev 31.13%)
Tobins Q-Ratio = 0.69 (Enterprise Value 24.61b / Total Assets 35.55b)
Interest Expense / Debt = 1.74% (Interest Expense 131.0m / Debt 7.52b)
Taxrate = 26.96% (155.0m / 575.0m)
NOPAT = 3.16b (EBIT 4.32b * (1 - 26.96%))
Current Ratio = 1.80 (Total Current Assets 14.78b / Total Current Liabilities 8.19b)
Debt / Equity = 0.42 (Debt 7.52b / totalStockholderEquity, last quarter 17.72b)
Debt / EBITDA = 0.58 (Net Debt 4.40b / EBITDA 7.62b)
Debt / FCF = 0.93 (Net Debt 4.40b / FCF TTM 4.72b)
Total Stockholder Equity = 18.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.63% (Net Income 3.07b / Total Assets 35.55b)
RoE = 17.02% (Net Income TTM 3.07b / Total Stockholder Equity 18.04b)
RoCE = 18.86% (EBIT 4.32b / Capital Employed (Equity 18.04b + L.T.Debt 4.89b))
RoIC = 13.04% (NOPAT 3.16b / Invested Capital 24.22b)
WACC = 4.98% (E(20.21b)/V(27.73b) * Re(6.36%) + D(7.52b)/V(27.73b) * Rd(1.74%) * (1-Tc(0.27)))
Discount Rate = 6.36% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.36%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈3.64b ; Y1≈4.49b ; Y5≈7.66b
Fair Price DCF = 182.6 (DCF Value 130.25b / Shares Outstanding 713.3m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -21.01 | EPS CAGR: -64.01% | SUE: -0.75 | # QB: 0
Revenue Correlation: 23.76 | Revenue CAGR: -15.15% | SUE: 1.04 | # QB: 1
EPS next Year (2026-12-31): EPS=3.76 | Chg30d=-0.061 | Revisions Net=-6 | Growth EPS=+15.1% | Growth Revenue=+3.7%