Compagnie Générale des Établissements Michelin Société en commandite par actions (ML) Stock Overview
Engages in the manufacture and sale of tires worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
ML Community Fair Values
Create NarrativeSee what 40 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Compagnie Générale des Établissements Michelin Société en commandite par actions Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €34.87 |
| 52 Week High | €35.72 |
| 52 Week Low | €25.51 |
| Beta | 1.02 |
| 1 Month Change | 5.22% |
| 3 Month Change | 13.88% |
| 1 Year Change | 8.39% |
| 3 Year Change | 28.15% |
| 5 Year Change | 5.19% |
| Change since IPO | 708.68% |
Recent News & Updates
Narrative Update • Jul 08
ML: Divided Street Views And Higher P E Multiple Will Cap Upside
Analysts have lifted their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions to €28.00 from €25.15, reflecting updated assumptions on revenue growth, margins and future P/E multiples in light of mixed but generally supportive recent changes in Street price targets for Michelin stock. Analyst Commentary Recent Street research on Compagnie Générale des Établissements Michelin Société en commandite par actions reflects a mix of positive and cautious signals, with price targets adjusted in both directions.
Narrative Update • Jun 23
ML: Execution And Cash Generation Will Support Re Rating Toward 40 Fair Value
Analysts have kept their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions steady at €40.00. Recent small downward revisions to published price targets are framed against slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E in their updated models.Analysis Article • Jun 18
Michelin (ENXTPA:ML) Stock Could Be 56% Below Fair Value After Tire Range Expansion
Compagnie Générale des Établissements Michelin Société en commandite par actions (ENXTPA:ML) recently broadened its X Line Grip D commercial truck tire range with a new pre mold retread and added sizes, targeting long haul and regional fleets in North America. See our latest analysis for Compagnie Générale des Établissements Michelin Société en commandite par actions. At a share price of €33.32, Compagnie Générale des Établissements Michelin Société en commandite par actions has seen firm...Recent updates
Narrative Update • Jul 08
ML: Divided Street Views And Higher P E Multiple Will Cap Upside
Analysts have lifted their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions to €28.00 from €25.15, reflecting updated assumptions on revenue growth, margins and future P/E multiples in light of mixed but generally supportive recent changes in Street price targets for Michelin stock. Analyst Commentary Recent Street research on Compagnie Générale des Établissements Michelin Société en commandite par actions reflects a mix of positive and cautious signals, with price targets adjusted in both directions.Narrative Update • Jun 23
ML: Execution And Cash Generation Will Support Re Rating Toward 40 Fair Value
Analysts have kept their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions steady at €40.00. Recent small downward revisions to published price targets are framed against slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E in their updated models.Analysis Article • Jun 18
Michelin (ENXTPA:ML) Stock Could Be 56% Below Fair Value After Tire Range Expansion
Compagnie Générale des Établissements Michelin Société en commandite par actions (ENXTPA:ML) recently broadened its X Line Grip D commercial truck tire range with a new pre mold retread and added sizes, targeting long haul and regional fleets in North America. See our latest analysis for Compagnie Générale des Établissements Michelin Société en commandite par actions. At a share price of €33.32, Compagnie Générale des Établissements Michelin Société en commandite par actions has seen firm...Narrative Update • Jun 05
ML: Cost Cuts And Premium Mix Will Support Re Rating As €40 Anchor Emerges
Narrative Update Analysts have trimmed the average price target on Compagnie Générale des Établissements Michelin Société en commandite par actions by a low single digit amount in € terms, reflecting slightly higher discount rate assumptions, modestly adjusted revenue growth and profit margin forecasts, and a broadly steady future P/E multiple. Analyst Commentary Recent research around Compagnie Générale des Établissements Michelin Société en commandite par actions has been mixed, with several price targets adjusted in a narrow range and one fresh upgrade providing a more positive angle.
Narrative Update • May 21
ML: Premium Mix And Cash Discipline Will Support Resilient Fair Value Outlook
Analysts have nudged their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions slightly lower to €33.09, reflecting recent downward revisions to price targets from several banks, along with modest adjustments to growth, margin and discount rate assumptions. Analyst Commentary Recent research shows a mixed tone around Compagnie Générale des Établissements Michelin Société en commandite par actions, with modest cuts to price targets alongside at least one upgrade in recommendation.Narrative Update • Apr 28
ML: Cash Returns And Premium Mix Will Support Re Rating As €30 Anchor Emerges
Analysts have adjusted their price targets on Compagnie Générale des Établissements Michelin Société en commandite par actions within a relatively tight range around €30. These changes reflect updated views on revenue growth assumptions, profit margins, and a slightly higher discount rate.Analysis Article • Apr 15
Some May Be Optimistic About Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) Earnings
The market for Compagnie Générale des Établissements Michelin Société en commandite par actions' ( EPA:ML ) shares...Narrative Update • Apr 14
ML: Debated P E Multiple Will Limit Future Share Price Upside
Analysts have lowered the fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions by about €0.78 to €25.15. This reflects a combination of recent price target changes across the Street and updated views on growth, margins and P/E assumptions.Narrative Update • Mar 30
ML: Premium Mix And Cash Discipline Will Support Future Share Recovery
Analysts have lifted the fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions to about €33.39 from €31.35, reflecting updated assumptions around slightly higher revenue growth, a modestly adjusted discount rate, and recent upward price target revisions from several research houses that now sit around €30 or above. Analyst Commentary Recent Street research points to a cluster of price targets around €28 to €30 and a consistent Hold stance.Narrative Update • Mar 16
ML: Higher P/E Expectations And Cash Returns Will Constrain Future Share Upside
Analysts have nudged their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions higher from €25.42 to €25.93. This reflects a series of recent price target increases around €30 and updated assumptions for slightly stronger revenue growth, profit margins and future P/E.Narrative Update • Mar 02
ML: Cash Returns And Premium Mix Will Support Future Re rating Potential
The analyst fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions has moved from €38 to €40, as analysts point to updated Street price targets from several firms and slightly adjusted assumptions for the discount rate, revenue growth, profit margin and forward P/E. Analyst Commentary Recent Street research on Compagnie Générale des Établissements Michelin Société en commandite par actions has centered on steady price target adjustments and a consistent Hold stance.Narrative Update • Feb 16
ML: Slower Mix Execution And Cash Returns Will Pressure Future Upside
Narrative Update The analyst price target for Compagnie Générale des Établissements Michelin Société en commandite par actions has been lifted by a few euros, supported by recent research that points to a slightly higher fair value estimate of about €25.42, modestly lower revenue growth and profit margin assumptions, a reduced discount rate, and a higher future P/E multiple. Several firms have highlighted Michelin as offering relatively attractive upside versus European tire peers.Narrative Update • Feb 02
ML: Cash Returns And Premium Mix Will Drive Future Upside Potential
Narrative Update The analyst price target for Compagnie Générale des Établissements Michelin Société en commandite par actions has been lifted by €4. Analysts point to slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E, along with fresh Street research that highlights Michelin as offering comparatively stronger upside potential within the European tire group.Narrative Update • Jan 19
ML: High Value Segments And Cash Returns Will Drive Future Outperformance
Analysts have kept their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions steady at €38.00, reflecting a balance between cautious revisions to revenue growth and profit margin assumptions, and continued interest in the stock as a preferred name among European tire peers, even as recent Street price targets from €27 to €28 indicate more restrained near term expectations. Analyst Commentary Recent Street research paints a mixed but generally constructive picture for Compagnie Générale des Établissements Michelin Société en commandite par actions, with valuation views clustering in the mid to high €20s and the stock continuing to feature as a preferred name within the European tire group for some commentators.Narrative Update • Jan 05
ML: Higher Discount Rate And Lower P E Will Pressure Near Term Returns
The analyst fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions has moved from €28.00 to €25.00. This reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E in the context of recent Street research, where several banks trimmed price targets but still highlighted Michelin as offering the most upside within the European tire group.Analysis Article • Dec 27
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Has A Somewhat Strained Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Dec 19
ML: Premium And Replacement Demand Will Support Earnings Outperformance
Analysts have reduced their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions from EUR 43.00 to EUR 38.00. This reflects a higher perceived risk profile, despite slightly stronger revenue growth assumptions and a series of modest price target cuts across the Street.Narrative Update • Dec 05
ML Share Price Will Recover As Premium Mix Supports Margin Stability
Analysts have nudged their fair value estimate for Compagnie Générale des Établissements Michelin Société en commandite par actions slightly lower, from approximately EUR 31.60 to around EUR 31.35. This reflects trimmed expectations for revenue growth and profit margins, even as Michelin remains a preferred name in the European tire sector.Narrative Update • Nov 21
ML: Share Price Will Recover As Profit Margins Stabilize Over Time
The analyst price target for Compagnie Générale des Établissements Michelin Société en commandite par actions has decreased slightly. Recent adjustments reflect a shift from approximately €31.44 to €31.60, as analysts cite tempered profit margin forecasts despite more optimistic revenue growth expectations.Narrative Update • Nov 06
ML: Long-Term Industry Positioning Will Drive Upside Despite Recent Market Caution
Analysts have modestly reduced their average price target for Compagnie Générale des Établissements Michelin Société en commandite par actions, shifting from approximately €34.20 to about €31.40. This adjustment comes after factoring in slightly lower revenue growth prospects and updated discount rates.Narrative Update • Oct 23
Analyst Commentary Highlights Lower Price Target and Cautious Outlook for Michelin Shares
The analyst price target for Compagnie Générale des Établissements Michelin Société en commandite par actions has been revised downward from approximately €35.56 to €31.36. Analysts cite a combination of lower revenue growth projections and slightly compressed profit margins as the factors supporting the update.Narrative Update • Oct 09
Streamlined Manufacturing And Sustainability Will Fuel Future Progress
Analysts have modestly reduced their price target for Compagnie Générale des Établissements Michelin SCA from €36.18 to €35.56. They cite slightly lower profit margin and revenue growth expectations as reasons for this adjustment.Analysis Article • Sep 29
We Like These Underlying Return On Capital Trends At Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Analysis Article • Aug 11
Does Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 27
Earnings Miss: Compagnie Générale des Établissements Michelin Société en commandite par actions Missed EPS By 12% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Compagnie Générale des Établissements Michelin Société en commandite par actions...
New Narrative • Feb 23
AI Partnerships And Cutting-Edge Products Will Shape The Future Of B2B Markets
Expansion into services and experiences, and strategic partnerships are likely to boost revenue by diversifying offerings beyond traditional tire sales.Shareholder Returns
| ML | FR Auto Components | FR Market | |
|---|---|---|---|
| 7D | -0.7% | -1.7% | -1.5% |
| 1Y | 8.4% | 8.6% | 2.3% |
Return vs Industry: ML matched the French Auto Components industry which returned 8.6% over the past year.
Return vs Market: ML exceeded the French Market which returned 2.3% over the past year.
Price Volatility
| ML volatility | |
|---|---|
| ML Average Weekly Movement | 3.1% |
| Auto Components Industry Average Movement | 3.8% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in FR Market | 10.8% |
| 10% least volatile stocks in FR Market | 2.5% |
Stable Share Price: ML has not had significant price volatility in the past 3 months compared to the French market.
Volatility Over Time: ML's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1863 | 117,495 | Florent Menegaux | www.michelin.com |
Compagnie Générale des Établissements Michelin Société en commandite par actions engages in the manufacture and sale of tires worldwide. It operates through Automotive & Two-wheel, Road Transportation, and Specialties segments. The company offers connected solutions for business fleets; and licenses car and bicycle accessories, collectibles, and sports and recreational gears.
Compagnie Générale des Établissements Michelin Société en commandite par actions Fundamentals Summary
| ML fundamental statistics | |
|---|---|
| Market cap | €23.80b |
| Earnings (TTM) | €1.66b |
| Revenue (TTM) | €25.99b |
14.3x
P/E Ratio0.9x
P/S RatioIs ML overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ML income statement (TTM) | |
|---|---|
| Revenue | €25.99b |
| Cost of Revenue | €18.97b |
| Gross Profit | €7.02b |
| Other Expenses | €5.36b |
| Earnings | €1.66b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Jul 27, 2026
| Earnings per share (EPS) | 2.44 |
| Gross Margin | 27.00% |
| Net Profit Margin | 6.39% |
| Debt/Equity Ratio | 31.3% |
How did ML perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield58%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/13 03:49 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Compagnie Générale des Établissements Michelin Société en commandite par actions is covered by 31 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristina Church | Barclays |
| Erwann Dagorne | Barclays |
| Michael Filatov | Berenberg |