Compagnie Generale des Etablissements Michelin SCA (ML) Fair Value & Analysis
Consumer Cyclical · FR · Market cap €22.9B · ISIN FR001400AJ45
What is Compagnie Generale des Etablissements Michelin SCA really worth?
A solid business, currently priced close to our fair value of €36.47.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 24 valuation models · updated today
Share price +3.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (€24.62 to €54.24) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range €18.90 – €35.27 · fair‑value band €24.62 – €54.24 · the €35.16 price screens below the €36.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Compagnie Generale des Etablissements Michelin SCA (ML) currently trades at €35.16, while our model-based Fair Value estimate is €36.47, implying the stock looks roughly 3.6% fairly valued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of €41.23 per share, and 13 of the 24 models we run sit above the €35.16 price. Bear case: the Dividend Discount group reads lowest at €15.96, and 11 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Compagnie Generale des Etablissements Michelin SCA generated revenue of €23.8B at a net margin of 7.8%. Revenue grew 13.4% year over year. It earns a return on equity of 13.4%. Net debt stands at €2.9B. Fundamentals as of Sep 5, 2026
Our scenario range runs from €24.62 (bear case) to €54.24 (bull case); at €35.16, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 42% fair-value upside, at 4%, ML screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €3.88 per share, which is 10.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Multiples (€41.23) versus Dividend Discount (€15.96). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 65
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide.
Full company description
Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and aircraft. It is also involved in the provision of tire-related services, including development of mobility solutions for fleet managers, vehicle manufacturers, farmers, distributors, and individuals; mobility services, such as road maps, mobile apps, itineraries, and travel guides; lifestyle products comprising car and bike accessories, shoe soles, and sports and leisure gears; and high-tech materials that include 3D metal printing, specialty, rubber, biosourced, and recycled materials. Compagnie Générale des Établissements Michelin Société en commandite par actions was incorporated in 1863 and is based in Clermont-Ferrand, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Compagnie Generale des Etablissements Michelin SCA reported revenue of €26.0B in FY2025 versus €23.8B in FY2021, a compound +2.2%/yr. Reported net income was €1.7B in FY2025, compounding −2.5%/yr from FY2021.
of which total revenue +3.2 % · buybacks/dilution +0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Consumer Discretionary · 3805 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Automobiles & Auto Parts” was too small, so the broader sector is used.)
Valuation Multiples vs Consumer Discretionary median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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