ML.PA - Compagnie Générale des Établissements Michelin Société en commandite par actions
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 27.59 |
| Open | 27.55 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 27.53 - 27.79 |
| 52 Week Range | 21.99 - 30.68 |
| Volume | |
| Avg. Volume | 1,648,224 |
| Market Cap | 19.758B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 2.71 |
| EPS (TTM) | N/A |
| Earnings Date | Jul 26, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 32.70 |
Fair Value
Related Research
GlobeNewswireMichelin: Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
Clermont-Ferrand, June 9th, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINPartnership Limited by Shares (commandite par actions) having a capital of EUR 357,058,707 Registered in the CLERMONT-FERRAND Trade and companies registerunder number 855 200 887Head office: 23, place des Carmes-Déchaux - 63000 Clermont-Ferrand, France Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital (Articles L.233-8 of the French Commercial Code and 223-16 o
Fox BusinessMichelin sells Russian division, exits country amid war
French tire manufacturer Michelin has sold off its assets and business operations in Russia to Power International Tires, officially exiting the market.
- GlobeNewswire
Michelin : Michelin sells its activities in Russia to Power International Tires LLC
Clermont-Ferrand, May 26, 2023 Michelin is selling its activities in Russiato Power International Tires LLC After suspending its industrial activities in Russia on March 15, 2022, following the start of the conflict in the Ukraine, Michelin is today announcing the signature of an agreement with Power International Tires LLC for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC. A known partner of Michelin, Power International Tires
ReutersFrench tyre maker Michelin sells its activities in Russia
French tyre maker Michelin said on Friday it was selling its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tyre distributor in the country. The agreement, approved by local authorities, will keep 250 jobs, mainly based at Michelin's sole Russian plant in Davydovo, the group said. Michelin said it was impossible for every employee to be transferred to Power International Tires and so those who wished to leave the company would be allowed to do so "under good conditions".
- GlobeNewswire
Michelin : TBC Corporation to divest its Retail network and to focus on Wholesale, Distribution and Franchise businesses
Clermont-Ferrand, May 23, 2023 TBC Corporation to divest its Retail network and to focus on Wholesale, Distribution and Franchise businesses. Compagnie Générale des Établissements Michelin (“Michelin”) jointly operates TBC Corporation (“TBC”), a U.S. based tire distribution company, with Sumitomo Corporation. On April 18, 2023, TBC has entered into an agreement to divest its company-owned retail portfolio (NTB and Tire Kingdom) to Mavis Tire Express Service Corp. (“Mavis”, headquartered in Millw
ReutersTyre-makers under pressure as too much rubber hits the road
Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to tyre pollution that is set to surge with the rise of electric vehicles (EVs) and threatens to undermine those cars' green credentials. When tyres make contact with the road, tiny particles are abraded and emitted. The extra weight of EVs linked to their batteries means this little-discussed form of pollution – from an estimated 2 billion tyres produced globally every year – is becoming a bigger problem.
- Reuters
UPDATE 2-French tyre maker Michelin confirms 2023 guidance after Q1 sales rise
French tyre maker Michelin on Wednesday confirmed its full-year outlook after a rise in first-quarter sales as premium positioning helped offset a fall in volumes mainly due to reduced inventories and after it halted its Russian business. Michelin posted a 7.4% rise in consolidated sales to 6.96 billion euros for the first three months of the year, against 6.48 billion euros reported a year ago. However, volumes declined 6.6% mainly due to a reduction in inventory and the termination of Michelin's operations in Russia following the invasion of Ukraine.
- GlobeNewswire
Michelin: Consolidated Q1 2023 sales up 7.4% in weak markets, benefiting from premium positioning. 2023 guidance confirmed
Clermont-Ferrand, April 26, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2023 Consolidated Q1 2023 sales up 7.4% in weak markets, benefiting from premium positioning. 2023 guidance confirmed. Q1 2023 sell-in markets in Europe and North America were characterized by inventory reductions in a context of improving supply chains, while Q1 2022 was boosted by inventory replenishment: PC/LT tire markets contracted by 3%, impacted by repl
AP FinanceMichelin recalls tires that don't have enough snow traction
Michelin is recalling more than 542,000 light truck tires in the U.S. because they don't have enough traction to work in all snowy conditions. The recall covers certain Agilis CrossClimate C-Metric tires that Michelin says don't meet U.S. safety standards. The tire maker says in documents posted Thursday by safety regulators that tires without sufficient traction can increase the risk of a crash.
- GlobeNewswire
Michelin: Publication of the preparatory documentation for the Annual Shareholders Meeting of May 12, 2023
Clermont-Ferrand, April 14, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Publication of the preparatory documentation for the Annual Shareholders Meeting of May 12, 2023 The Annual Meeting of Michelin Shareholders will be held on Friday, May 12, 2023 from 9 a.m. at the Zénith d'Auvergne, 24 rue de Sarliève, 63800 Cournon d'Auvergne, Puy-de-Dôme, France. As Michelin shares are exclusively registered shares, all shareholders receive a notice of meeting including a voting form, the Meeting a
- GlobeNewswire
Michelin: 2022 UNIVERSAL REGISTRATION DOCUMENT
Clermont-Ferrand, April 11, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN 2022 UNIVERSAL REGISTRATION DOCUMENT Michelin filed its 2022 Universal Registration Document with the Autorité des Marchés Financiers (AMF) on April 7, 2023. It is freely available to the public under the conditions set out in the applicable regulations and can be consulted/downloaded at the Company’s website, www.michelin.com (under Finance/Regulatory information/Universal Registration Document) and at the AMF’s web
ReutersMichelin says now in talks with local player for purchase of its Russian assets
French tyre maker Michelin has shelved plans to sell its Russian business to its local management and is now in discussions with a local player, a company spokesperson said on Thursday, adding Michelin hoped to reach an agreement "soon". The first Western tyre maker to enter Russia in 2004, Michelin announced suspension of its industrial activity in Russia in March 2022, soon after Moscow had invaded Ukraine. It later said it planned to hand over its Russian activities to a new entity under local management by the end of the year.
- GlobeNewswire
Michelin: Availability of the 2022 Annual Results Guide
Clermont-Ferrand, February 13, 2023 AVAILABILITY OF THE 2022 ANNUAL RESULTS GUIDE Michelin published its 2022 Annual Results Guide on its website today, February 13, 2023. The document is available for consultation in the Finance section of the Company’s website. The Annual Results Guide contains the following documents: Report of the Managing ChairmanFinancial HighlightsConsolidated Financial Statements Compagnie Générale des Etablissements Michelin23, Place des Carmes Dechaux 63000 Clermont-Fe
- GlobeNewswire
Michelin: With sales up 20.2% in 2022, Michelin delivered its segment operating income guidance by reaching €3.4 billion
Clermont-Ferrand, February 13, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN With sales up 20.2% in 2022, Michelin delivered its segment operating income guidance by reaching €3.4 billion Amid market turbulence and a highly inflationary context, Michelin sales increased to €28.6 billion and segment operating income totaled €3.4 billion. Free cash flow was punctually impacted by inflation and year-end trade timing. Over the 2019-2022 period, the Group has demonstrated the resilience of its
ZacksIs Byd Co. (BYDDY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Here is how Byd Co., Ltd. (BYDDY) and Michelin (MGDDY) have performed compared to their sector so far this year.
ZacksAll You Need to Know About Michelin (MGDDY) Rating Upgrade to Strong Buy
Michelin (MGDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
ZacksIs Michelin (MGDDY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Here is how Michelin (MGDDY) and Ferrari (RACE) have performed compared to their sector so far this year.
ReutersMichelin to cut fewer jobs to protect production
Michelin will cut fewer jobs in France than the 2,300 estimated in its initial voluntary redundancy plan in a bid to safeguard production. The French tyre maker said in Jan. 2021 it would cut the jobs, including 1,100 in the service sector and 1,200 in factories, over three years as part of a three-year collective bargaining agreement. The group now plans to cut a maximum of 1,600 jobs, with 600 now to be shed from its industrial activities, it said on Tuesday at a Central Social and Economic Committee (CSEC) meeting.
- Reuters
UPDATE 2-France's Michelin cuts cash flow outlook on soaring cost inflation
French tyre maker Michelin on Tuesday cut its full-year free cash flow guidance citing an uncertain demand outlook, soaring cost inflation and continued supply chain disruptions, but posted better-than-expected quarterly sales. The company adjusted its structural free cash flow guidance to 700 million euros having previously anticipated more than 1.2 billion euros, due to the one-off the impact of inflation and, to some extent, currency effect on its working capital. Michelin, which makes tyres used in cars, aircraft, bicycles and industrial equipment, still expects an operating income from its main business to reach over 3.2 billion euros ($3.2 billion) this year.
ReutersFrance's Michelin cuts cash flow outlook on soaring cost inflation
The company adjusted its structural free cash flow guidance to 700 million euros having previously anticipated more than 1.2 billion euros, due to the one-off the impact of inflation and, to some extent, currency effect on its working capital. Michelin, which makes tyres used in cars, aircraft, bicycles and industrial equipment, still expects an operating income from its main business to reach over 3.2 billion euros ($3.2 billion) this year. The tyre industry is still grappling with pandemic-related supply problems exacerbated by the war in Ukraine.
- GlobeNewswire
Michelin: Nine-month sales rose by 20.5% to €20.7 billion. In a highly inflationary environment, 2022 full-year guidance is confirmed for operating income and adjusted for structural free cash flow.
Clermont-Ferrand, October 25, 2022 – 17h45 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the nine months ended September 30, 2022 Nine-month sales rose by 20.5% to €20.7 billion.In a highly inflationary environment, 2022 full-year guidance is confirmed for operating income and adjusted for structural free cash flow. In a market environment shaped by continuing operational disruptions, widespread inflation and limited visibility as to future demand, Michelin delivered gr
Insider MonkeyCathie Wood Stock Portfolio: 7 Newest Stock Picks This Year
In this piece, we will take a look at the seven newest additions to Cathie Wood’s latest stock portfolio. If you want to skip our introduction to the investor, and want to take a look at the top five stocks in this list, then head on over to Cathie Wood Stock Portfolio: 5 Newest Stock […]
The TelegraphPied a Terre invites staff to dine for free on days off
Michelin-starred restaurants are following in the footsteps of major retailers by offering staff free meals in order to help them cope with soaring bills this winter.
MoneywiseMichelin-starred chef Tom Kerridge says the utility bill at his UK pub spiked from £60K to £420K — why Europe's energy crisis is getting worse and how it hurts the US
An ocean won’t stop these problems from finding you this winter.
- GlobeNewswire
Michelin: Launch of a new global employee share ownership plan: BIB'Action 2022
Clermont-Ferrand – September 12, 2022 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin launches a new global employee share ownership plan: BIB'Action 2022 Compagnie Générale des Établissements Michelin (hereinafter the "Company") today announced the launch of its new employee share ownership plan, open to 120,000 employees in 46 countries1. In the spirit of the plans carried out since 2002 and the February announcement that such plans would be rolled out every year, this latest initiativ