MICHELIN (CGDE) MICHELIN TARGETS A SEGMENT OPERATING MARGIN OF 14% IN 2026-CFO
Michelin Targets A Segment Operating Margin Of 14% In 2026-Cfo…
May 28, 2024 at 07:02 pm IST
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5-day change | 1st Jan Change | ||
| 36.2 EUR | -1.01% |
|
-3.47% | +11.52% |
| 26/06 | MICHELIN : Gets a Buy rating from Bernstein | ZD |
| 19/06 | MICHELIN : Bernstein reaffirms its Buy rating | ZD |
Compagnie Générale des Etablissements Michelin is one of the world leaders in manufacturing and marketing of tires. The products are mainly sold under the Michelin, BFGoodrich, Kleber, Uniroyal and Taurus brands. Net sales break down by activity as follows:
- sale and distribution of tires (75.2%): tires for light vehicles (67.3% of net sales) and heavy trucks (32.7%). The group also offers services and solutions to improve the efficiency of transportation;
- other (24.8%): sale of specialty tires for agricultural and civil engineering machines, two-wheeled vehicles, and aircraft. In addition, Michelin offers solutions to support travels and trips (road maps and gastronomic and tour guides, ViaMichelin, Tablet and Robert Parker) and develops high-tech materials for many fields.
Net sales are distributed geographically as follows: France (8.8%), Europe (26.1%), North America (39.2%) and other (25.9%).
Sector
Tires & Rubber Products
Calendar
24/07/2024
- Q2 2024 Earnings Release
Related indices
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
36.57
EUR
Average target price
36.94
EUR
Spread / Average Target
+1.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.52% | 2.79TCr | |
| +8.03% | 2.74TCr | |
| +19.15% | 607.59Cr | |
| +69.58% | 392.03Cr | |
| +9.00% | 360.03Cr | |
| -14.34% | 318.66Cr | |
| -22.97% | 315.15Cr | |
| +4.11% | 266.23Cr | |
| +10.99% | 261.37Cr | |
| +7.80% | 250.51Cr |
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