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Compagnie Generale des Etablissements Michelin SCA
OTC:MGDDY

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Compagnie Generale des Etablissements Michelin SCA Logo
Compagnie Generale des Etablissements Michelin SCA
OTC:MGDDY
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Price: 18.29 USD -0.97%
Updated: Mar 1, 2024

Intrinsic Value

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. [ Read More ]

The intrinsic value of one MGDDY stock under the Base Case scenario is 32.27 USD. Compared to the current market price of 18.29 USD, Compagnie Generale des Etablissements Michelin SCA is Undervalued by 43%.

Key Points:
MGDDY Intrinsic Value
Base Case
32.27 USD
Undervaluation 43%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Compagnie Generale des Etablissements Michelin SCA

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Fundamental Analysis

Michelin Raises Financial Outlook
2023-Q2 Earnings Call

Michelin Raises Financial Outlook

Michelin has experienced a robust semester with sales growing by 5.9% to EUR 14.1 billion, and its operating income rising by 11.4%. Despite flat passenger car tire markets and a decline in truck tires due to destocking, the company succeeded by focusing on pricing discipline and a 17% growth in non-tire sales. The powerful price-mix effect offset the negative currency impact and volume declines, contributing to a segment operating income of EUR 1.7 billion. Its free cash flow before M&A actions stood at EUR 922 million, propelled by meticulous business steering and EBITDA of EUR 2.6 billion. With continued success in specialty segments and the acquisition of the Flexible Composite Group, Michelin has upgraded its 2023 guidance, anticipating operating income above EUR 3.4 billion and free cash flow beyond EUR 2 billion.

Financials

Balance Sheet Decomposition
Compagnie Generale des Etablissements Michelin SCA

Current Assets 15.3B
Cash & Short-Term Investments 3.6B
Receivables 4.2B
Other Current Assets 7.5B
Non-Current Assets 20.2B
Long-Term Investments 2.2B
PP&E 13B
Intangibles 4.3B
Other Non-Current Assets 659m
Current Liabilities 9B
Accounts Payable 2.8B
Short-Term Debt 478m
Other Current Liabilities 5.7B
Non-Current Liabilities 9.1B
Long-Term Debt 5.4B
Other Non-Current Liabilities 3.7B
Efficiency
Fundamental Scores

MGDDY Profitability Score
Profitability Due Diligence

Compagnie Generale des Etablissements Michelin SCA's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
ROE is Increasing
Positive 3-Years Revenue Growth
Positive Free Cash Flow
54/100
Profitability
Score

Compagnie Generale des Etablissements Michelin SCA's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

MGDDY Solvency Score
Solvency Due Diligence

Compagnie Generale des Etablissements Michelin SCA's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
55/100
Solvency
Score

Compagnie Generale des Etablissements Michelin SCA's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MGDDY Price Targets Summary
Compagnie Generale des Etablissements Michelin SCA

Wall Street analysts forecast MGDDY stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MGDDY is 19.03 USD with a low forecast of 14.18 USD and a high forecast of 23.81 USD.

Lowest
Price Target
14.18 USD
22% Downside
Average
Price Target
19.03 USD
4% Upside
Highest
Price Target
23.81 USD
30% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

ML Price
Compagnie Generale des Etablissements Michelin SCA

1M 1M
+11%
6M 6M
+17%
1Y 1Y
+20%
3Y 3Y
+25%
5Y 5Y
+51%
10Y 10Y
+110%
Annual Price Range
33.93
52w Low
25.7757
52w High
34.47
Price Metrics
Average Annual Return 5.84%
Standard Deviation of Annual Returns 26.25%
Max Drawdown -40%
Shares Statistics
Market Capitalization 24.2B EUR
Shares Outstanding 713 302 016
Percentage of Shares Shorted
N/A

ML Return Decomposition
Main factors of price return

What is price return decomposition?

MGDDY News

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Company Profile

Compagnie Generale des Etablissements Michelin SCA Logo
Compagnie Generale des Etablissements Michelin SCA

Country

France

Industry

Auto Components

Market Cap

24.2B USD

Dividend Yield

3.9%

Description

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. The company is headquartered in Clermont-Ferrand, Auvergne-Rhone-Alpes and currently employs 124,760 full-time employees. The company operates through three segments: Automotive, Road Transportation and Specialty Businesses. Automotive, which comprises the business lines Automotive business to customers (B2C) Global Brands, Automotive B2C Regional Brands, Automotive Original Equipment and Mobility Experiences. Road Transportation comprises the business lines Long Distance Transportation, Urban Transportation and Services & Solutions. Specialty Businesses comprises the business lines Mining, Off-Highway Transportation, Two-Wheel, Aircraft and High-Tech Materials. The firm provides different kind of tires and related products and services through a dealership network. Its service offering includes truck driver assistance with Michelin Euro Assist, fleet tire advice, maintenance and management services and mobility assistance services, among others. Additionally, it provides branded lifestyle products and high-tech materials.

Contact

AUVERGNE-RHONE-ALPES
Clermont-Ferrand
23 place des Carmes-Dechaux, Clermont-Ferrand Cedex 9
+33473322000.0
https://www.michelin.fr/

IPO

1985-01-07

Employees

124 760

Officers

CEO, Managing Gen. Partner & Managing Chairman
Mr. Florent Menegaux
Managing Partner, GM & CFO
Mr. Yves Chapot
Head of Investor Relations
Ms. Valerie Magloire
Group Gen. Counsel
Benoit Balmary
Exec. VP of Personnel
Mr. Jean-Claude Pats
Exec. VP of Manufacturing
Mr. Jean-Christophe Guérin
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Exec. VP of Specialties and Africa/India/Middle East, China, East Asia & Australia Regions
Mr. Serge Lafon
Head of East-European Geographical Area and Gen. Director of Production for Tires
Mr. Kamran Vossugi
Exec. VP of Engagement & Brands
Ms. Adeline Challon-Kemoun
Exec. VP of R&D
Mr. Eric Philippe Vinesse
Show Less

See Also

Discover More
What is the Intrinsic Value of one MGDDY stock?

The intrinsic value of one MGDDY stock under the Base Case scenario is 32.27 USD.

Is MGDDY stock undervalued or overvalued?

Compared to the current market price of 18.29 USD, Compagnie Generale des Etablissements Michelin SCA is Undervalued by 43%.