Michelin remains a buy, supported by pricing power and strong US production, despite recent volume declines. Q1 results showed robust price-mix effects and financial resilience, with guidance reaffirmed. Innovation continues across segments, and with the upside from cyclical recovery, we see Michelin as a compelling investment.
Michelin offers a compelling 15%+ annualized upside at current €32.60/share, supported by strong fundamentals, A-ratings, and a 4%+ dividend yield. The company's diversified product mix, exposure to premium and specialty segments, and ongoing operational efficiencies offset industry cyclicality. Valuation is attractive at 11x P/E, below historical averages, with conservative fair value set at €...
Tire maker Michelin is set to close a plant in the state of Queretaro in central Mexico by the end of this year, newspaper Reforma reported on Monday, citing a statement from the company's local unit.
Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCPK:MGDDF) Q1 2025 Earnings Conference Call April 24, 2025 12:30 PM ET Company Participants Yves Chapot - Managing Partner, GM & CFO Conference Call Participants Harry Martin - Bernstein Akshat Kacker - JPMorgan Michael Foundoukidis - ODDO Monica Bosio - Intesa Sanpaolo Thomas Besson - Kepler Martino De Ambroggi...
Tyre maker Michelin reported a slightly smaller than expected drop in first-quarter sales as its core automotive, scooters and motorcycles division outperformed.
We maintain a buy rating on Michelin due to strong financials, favorable price MIX, and aging car population. Michelin's FY 2024 results achieved €3.38 billion EBIT and €2.2 billion FCF, outperforming consensus forecasts. Michelin's strong US production base and new partnership with Brembo position it well against tariffs and competition.
23, Place des Carmes-Déchaux - 63000 CLERMONT-FERRAND Information about securities repurchasing program Regulated informationIssuer social denomination: Michelin – LEI 549300SOSI58J6VIW052 Types of securities: ordinary shares – Code ISIN FR 0000121261Date : March 07th, 2025 Issuer Name Issuer code Transaction date ISIN Code Daily total volume (in number of actions) Daily weighted average price ...
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