Valuation Michelin (CGDE)

Stocks

Real-time Euronext Paris 10:06:09 22/10/2026 BST			5-day change	1st Jan Change
30.98 ^EUR	+0.39%		-9.15%	+9.40%

10-21	Strong earnings help European shares erase nearly all losses from French unrest	RE
10-21	Compagnie Générale des Établissements Michelin Société en commandite par actions, Q3 2026 Sales/ Trading Statement Call, Oct 20, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	25,735	18,556	23,208	22,443	19,466	20,912	-	-
Change	-	-27.89%	25.07%	-3.3%	-13.26%	7.43%	-	-
Enterprise Value (EV) ¹	28,524	22,876	26,489	25,555	21,811	24,396	24,290	23,984
Change	-	-19.8%	15.79%	-3.53%	-14.65%	11.85%	-0.43%	-1.26%
P/E	14.1x	9.31x	11.8x	12.1x	12.2x	12.9x	10.4x	8.94x
PBR	1.72x	1.08x	1.29x	1.2x	1.08x	1.18x	1.13x	1.08x
PEG	-	1.04x	-8.23x	-2.56x	-1.1x	4.57x	0.4x	0.5x
Capitalization / Revenue	1.08x	0.65x	0.82x	0.83x	0.75x	0.79x	0.76x	0.73x
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	5.16x	4.78x	4.15x
EV / EBIT	9.62x	6.74x	7.42x	7.57x	8.02x	8.59x	7.7x	6.72x
EV / FCF	20x	-208x	11.3x	11.5x	10x	14.5x	14.3x	12.6x
FCF Yield	5%	-0.48%	8.85%	8.71%	10%	6.88%	6.98%	7.95%
Dividend per Share ²	1.125	1.25	1.35	1.38	1.38	1.338	1.559	1.77
Rate of return	3.12%	4.81%	4.16%	4.34%	4.87%	4.33%	5.05%	5.74%
EPS ²	2.56	2.79	2.75	2.62	2.33	2.396	2.956	3.452
Distribution rate	43.9%	44.8%	49.1%	52.7%	59.2%	55.8%	52.7%	51.3%
Net sales ¹	23,795	28,590	28,343	27,193	25,992	26,402	27,606	28,602
EBITDA ¹	4,700	5,262	5,489	5,361	4,663	4,732	5,078	5,775
EBIT ¹	2,966	3,396	3,572	3,378	2,719	2,839	3,156	3,570
Net income ¹	1,844	2,001	1,983	1,884	1,665	1,674	1,995	2,306
Net Debt ¹	2,789	4,320	3,281	3,112	2,345	3,484	3,378	3,072
Reference price ²	36.04	25.98	32.46	31.80	28.31	30.86	30.86	30.86
Nbr of stocks (in thousands)	714,121	714,117	714,958	705,747	687,596	677,639	-	-
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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MICHELIN (CGDE)	12.88x	0.92x	5.16x	4.33%	23.47B
BRIDGESTONE CORPORATION	13.8x	1.05x	5.63x	3.33%	31.54B
PIRELLI & C. S.P.A.	14.52x	1.23x	5.34x	4%	8.05B
THE YOKOHAMA RUBBER COMPANY, LIMITED	8.43x	1.1x	5.3x	3.43%	6.77B
SAILUN GROUP CO., LTD.	9.16x	0.94x	5.36x	3.23%	5.84B
HANKOOK TIRE & TECHNOLOGY CO., LTD.	5.74x	0.48x	3.06x	4.85%	5.66B
ZHONGCE RUBBER GROUP CO., LTD.	8.28x	-	-	3.68%	5.49B
MRF LIMITED	24.12x	1.52x	11.77x	0.19%	5.43B
VIETNAM RUBBER INDUSTRY GROUP -	15.34x	-	-	3.14%	4.92B
BALKRISHNA INDUSTRIES LIMITED	24.94x	3.15x	15.06x	0.91%	4.18B
Average	13.72x	1.30x	7.09x	3.11%	10.13B
Weighted average by Cap.	13.36x	1.12x	6.08x	3.44%