Valuation Michelin (CGDE)

Equities

Market Closed - Euronext Paris Other stock markets 09:25:00 19/05/2026 pm IST			5-day change	1st Jan Change
30.79 ^EUR	-1.16%		-2.44%	+8.76%

18/05	Symbio continues transformation backed by co-shareholders Michelin and Forvia
08/05	MICHELIN : JP Morgan reaffirms its Neutral rating	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	25,735	18,556	23,208	22,443	19,466	21,038	-	-
Change	-	-27.89%	25.07%	-3.3%	-13.26%	8.08%	-	-
Enterprise Value (EV) ¹	28,524	22,876	26,489	25,555	21,811	24,377	24,226	23,758
Change	-	-19.8%	15.79%	-3.53%	-14.65%	11.77%	-0.62%	-1.93%
P/E ratio	14.1x	9.31x	11.8x	12.1x	12.2x	11.9x	9.96x	8.72x
PBR	1.72x	1.08x	1.29x	1.2x	1.08x	1.18x	1.12x	1.07x
PEG	-	1.04x	-8.23x	-2.56x	-1.1x	1.1x	0.5x	0.6x
Capitalization / Revenue	1.08x	0.65x	0.82x	0.83x	0.75x	0.8x	0.76x	0.74x
EV / Revenue	1.2x	0.8x	0.93x	0.94x	0.84x	0.92x	0.88x	0.84x
EV / EBITDA	6.07x	4.35x	4.83x	4.77x	4.68x	5.21x	4.67x	4.31x
EV / EBIT	9.62x	6.74x	7.42x	7.57x	8.02x	8.67x	7.42x	6.55x
EV / FCF	20x	-208x	11.3x	11.5x	10x	16.4x	13.7x	12.1x
FCF Yield	5%	-0.48%	8.85%	8.71%	10%	6.11%	7.29%	8.23%
Dividend per Share ²	1.125	1.25	1.35	1.38	1.38	1.349	1.571	1.802
Rate of return	3.12%	4.81%	4.16%	4.34%	4.87%	4.38%	5.1%	5.85%
EPS ²	2.56	2.79	2.75	2.62	2.33	2.593	3.09	3.532
Distribution rate	43.9%	44.8%	49.1%	52.7%	59.2%	52%	50.8%	51%
Net sales ¹	23,795	28,590	28,343	27,193	25,992	26,422	27,560	28,445
EBITDA ¹	4,700	5,262	5,489	5,361	4,663	4,677	5,183	5,512
EBIT ¹	2,966	3,396	3,572	3,378	2,719	2,811	3,267	3,625
Net income ¹	1,844	2,001	1,983	1,884	1,665	1,754	2,118	2,386
Net Debt ¹	2,789	4,320	3,281	3,112	2,345	3,340	3,188	2,720
Reference price ²	36.04	25.98	32.46	31.80	28.31	30.79	30.79	30.79
Nbr of stocks (in thousands)	7,14,121	7,14,117	7,14,958	7,05,747	6,87,596	6,83,268	-	-
Announcement Date	14/02/22	13/02/23	12/02/24	12/02/25	11/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
MICHELIN (CGDE)	12.01x	0.93x	5.27x	4.33%	2.48TCr
BRIDGESTONE CORPORATION	12.17x	0.92x	4.95x	3.98%	2.63TCr
THE YOKOHAMA RUBBER COMPANY, LIMITED	9.43x	1.15x	5.9x	3.11%	660.5Cr
ZHONGCE RUBBER GROUP CO., LTD.	9.25x	-	-	3.29%	601.55Cr
VIETNAM RUBBER INDUSTRY GROUP -	22.89x	-	-	2.04%	596.65Cr
SAILUN GROUP CO., LTD.	9.22x	0.96x	5.4x	3.02%	582.71Cr
TOYO TIRE CORPORATION	8.12x	0.81x	3.66x	3.8%	359.61Cr
SUMITOMO RUBBER INDUSTRIES, LTD.	8.31x	0.59x	4.66x	4.77%	317.23Cr
JIANGSU HUALAN NEW PHARMACEUTICAL MATERIAL CO.,LTD.	139.45x	-	-	-	268.91Cr
KUMHO PETRO CHEMICAL CO.,LTD	9.77x	0.41x	4.53x	1.78%	218.79Cr
Average	24.06x	0.83x	4.91x	3.35%	871.22Cr
Weighted average by Cap.	15.81x	0.91x	5.09x	3.73%