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    Trade Michelin - MLfr CFD

    31.65
    0.32%
    0.25
    Low: 31.15
    High: 31.75
    Market Trading Hours* (UTC) Opens on Friday at 08:00

    Mon - Fri: 08:00 - 16:30

    • Summary
    • Historical Data
    • Events
    • Income Statement
    • Balance Sheet
    • Cash Flow
    • Ownership
    Trading Conditions
    Spread 0.25
    Long position overnight fee

    Long position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee -0.022082 %
    Charges from full value of position ($-4.20)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		-0.022082%
    Short position overnight fee

    Short position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee -0.00014 %
    Charges from full value of position ($-0.03)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		-0.00014%
    Overnight fee time 22:00 (UTC)
    Min traded quantity 1
    Currency EUR
    Margin 5%
    Stock exchange France
    Commission on trade 0%

    *Information provided by Capital.com

    Compagnie Generale des Etablissements Michelin SCA ESG Risk Ratings

    High Medium Low Negligible

    ‘A’ score indicates excellent relative ESG performance and high degree of transparency in reporting material ESG data publicly

    More ESG coverage

    Key Stats
    Prev. Close* 31.55
    Open* 31.3
    1-Year Change* 17.67%
    Day's Range* 31.15 - 31.75
    52 wk Range 25.41-30.68
    Average Volume (10 days) 1.02M
    Average Volume (3 months) 26.10M
    Market Cap 21.32B
    P/E Ratio 9.01
    Shares Outstanding 714.49M
    Revenue 29.38B
    EPS 3.31
    Dividend (Yield %) 4.19182
    Beta 1.01
    Next Earnings Date Feb 12, 2024

    All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com

    • Last Week
    • Last Month
    • Last Year
    • Last two Years
    • Max
    • Daily
    • Weekly
    • Monthly
    Date Close Change Change (%) Open High Low
    Dec 6, 2023 31.55 0.25 0.80% 31.30 31.70 31.15
    Dec 5, 2023 31.25 0.55 1.79% 30.70 31.35 30.70
    Dec 4, 2023 30.90 0.10 0.32% 30.80 31.05 30.80
    Dec 1, 2023 30.90 0.15 0.49% 30.75 30.95 30.65
    Nov 30, 2023 30.75 0.10 0.33% 30.65 30.80 30.50
    Nov 29, 2023 30.80 0.55 1.82% 30.25 30.80 30.25
    Nov 28, 2023 29.95 0.30 1.01% 29.65 29.95 29.45
    Nov 27, 2023 29.65 -0.05 -0.17% 29.70 29.90 29.60
    Nov 24, 2023 29.75 0.35 1.19% 29.40 29.80 29.35
    Nov 23, 2023 29.75 0.10 0.34% 29.65 29.85 29.60
    Nov 22, 2023 29.75 0.35 1.19% 29.40 29.90 29.40
    Nov 21, 2023 29.30 -0.30 -1.01% 29.60 29.75 29.25
    Nov 20, 2023 29.65 0.10 0.34% 29.55 29.80 29.45
    Nov 17, 2023 29.50 0.40 1.37% 29.10 29.65 29.10
    Nov 16, 2023 29.15 -0.20 -0.68% 29.35 29.55 29.15
    Nov 15, 2023 29.45 0.20 0.68% 29.25 29.50 29.20
    Nov 14, 2023 29.30 0.60 2.09% 28.70 29.35 28.65
    Nov 13, 2023 28.60 0.30 1.06% 28.30 28.70 28.30
    Nov 10, 2023 28.35 0.15 0.53% 28.20 28.45 28.05
    Nov 9, 2023 28.45 0.25 0.89% 28.20 28.55 28.15

    Michelin Events

    Time (UTC) Country Event
    Monday, February 12, 2024

    Time (UTC)

    16:45

    Country

    FR

    Event

    Full Year 2023 Compagnie Generale des Etablissements Michelin SCA Earnings Release
    Full Year 2023 Compagnie Generale des Etablissements Michelin SCA Earnings Release

    Forecast

    -

    Previous

    -
    View all events
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Total revenue 28590 23795 20469 24135 22028
    Revenue 28590 23795 20469 24135 22028
    Cost of Revenue, Total 21052 16810 14754 17053 15517
    Gross Profit 7538 6985 5715 7082 6511
    Total Operating Expense 25569 21018 19066 21444 19478
    Selling/General/Admin. Expenses, Total 3471 3306 3121 3316 3171
    Research & Development 698 682 646 687 648
    Unusual Expense (Income) 118 228 440 320 183
    Other Operating Expenses, Total 152 -86 18 -23 -80
    Operating Income 3021 2777 1403 2691 2550
    Interest Income (Expense), Net Non-Operating -328 -258 -350 -342 -247
    Other, Net -37 -48 -74 -113 -73
    Net Income Before Taxes 2656 2471 979 2236 2230
    Net Income After Taxes 2009 1845 625 1730 1660
    Minority Interest -8 -1 7 21 17
    Net Income Before Extra. Items 2001 1844 632 1751 1677
    Net Income 2001 1844 632 1751 1677
    Total Adjustments to Net Income -5 -4 -11 -12
    Income Available to Common Excl. Extra. Items 2001 1839 628 1740 1665
    Income Available to Common Incl. Extra. Items 2001 1839 628 1740 1665
    Dilution Adjustment
    Diluted Net Income 2001 1839 628 1740 1665
    Diluted Weighted Average Shares 717.25 718.32 716.68 720.612 719.904
    Diluted EPS Excluding Extraordinary Items 2.78982 2.56014 0.87626 2.41461 2.31281
    Dividends per Share - Common Stock Primary Issue 1.25 1.125 0.575 0.5 0.925
    Diluted Normalized EPS 2.91426 2.79714 1.26821 2.75819 2.50203
    Depreciation / Amortization 78 78 87 91 39
    Jun 2023 Dec 2022 Jun 2022 Dec 2021 Jun 2021
    Total revenue 14079 15301 13289 12603 11192
    Revenue 14079 15301 13289 12603 11192
    Cost of Revenue, Total 10209 11401 9651 9003 7807
    Gross Profit 3870 3900 3638 3600 3385
    Total Operating Expense 12465 13537 12032 11263 9755
    Selling/General/Admin. Expenses, Total 1794 1673 1757 1660 1625
    Research & Development 367 358 340 354 328
    Depreciation / Amortization 40 40 38 37 41
    Unusual Expense (Income) 95 -111 220 153 49
    Other Operating Expenses, Total -40 176 26 56 -95
    Operating Income 1614 1764 1257 1340 1437
    Interest Income (Expense), Net Non-Operating -19 -249 -79 -142 -116
    Other, Net -53 -15 -22 -23 -25
    Net Income Before Taxes 1542 1500 1156 1175 1296
    Net Income After Taxes 1220 1166 843 813 1032
    Minority Interest -2 -6 -2 1 -2
    Net Income Before Extra. Items 1218 1160 841 814 1030
    Net Income 1218 1160 841 814 1030
    Total Adjustments to Net Income -2 2 1 -6
    Income Available to Common Excl. Extra. Items 1218 1158 843 815 1024
    Income Available to Common Incl. Extra. Items 1218 1158 843 815 1024
    Diluted Net Income 1218 1158 843 815 1024
    Diluted Weighted Average Shares 719.712 715.756 718.744 718.256 718.384
    Diluted EPS Excluding Extraordinary Items 1.69234 1.61787 1.17288 1.13469 1.42542
    Dividends per Share - Common Stock Primary Issue 0 1.25 0 1.125 0
    Diluted Normalized EPS 1.79678 1.49732 1.39609 1.28208 1.47974
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Total Current Assets 15074 14924 13082 11143 11701
    Cash and Short Term Investments 2584 4482 4747 1466 2128
    Cash 444 326 269 229 282
    Cash & Equivalents 2140 4156 4478 1237 1846
    Total Receivables, Net 4419 3757 3110 3727 3556
    Accounts Receivable - Trade, Net 4205 3576 3018 3532 3453
    Total Inventory 6318 5115 3959 4694 4702
    Other Current Assets, Total 1753 1570 1266 1256 1315
    Total Assets 35346 34544 31637 31677 30126
    Property/Plant/Equipment, Total - Net 13146 12265 11904 13169 11644
    Property/Plant/Equipment, Total - Gross 34215 31756 29979 31079 28253
    Accumulated Depreciation, Total -21069 -19491 -18075 -17910 -16609
    Goodwill, Net 2430 2286 2136 2388 2160
    Intangibles, Net 1803 1811 1980 2280 2217
    Long Term Investments 1979 1995 1411 1479 1294
    Note Receivable - Long Term 229 387 294 277 265
    Other Long Term Assets, Total 685 876 830 941 845
    Total Current Liabilities 9038 8858 7136 7093 7031
    Accounts Payable 3416 3174 2291 2627 2600
    Accrued Expenses 1091 1220 860 915 923
    Notes Payable/Short Term Debt 595 613 437 470 440
    Current Port. of LT Debt/Capital Leases 1959 1809 1718 1137 1150
    Other Current Liabilities, Total 1977 2042 1830 1944 1918
    Total Liabilities 18236 19570 19004 18451 17968
    Total Long Term Debt 5381 6008 6903 5750 5221
    Long Term Debt 4691 5277 6102 4853 4938
    Capital Lease Obligations 690 731 801 897 283
    Deferred Income Tax 541 503 425 455 435
    Minority Interest 6 -3 -2 3 23
    Other Liabilities, Total 3270 4204 4542 5150 5258
    Total Equity 17110 14974 12633 13226 12158
    Common Stock 357 357 357 357 360
    Additional Paid-In Capital 2702 2746 2746 2789 2923
    Retained Earnings (Accumulated Deficit) 14313 12526 10795 10367 9387
    Other Equity, Total -262 -655 -1265 -287 -512
    Total Liabilities & Shareholders’ Equity 35346 34544 31637 31677 30126
    Total Common Shares Outstanding 714.117 714.122 713.36 714.51 719.391
    Treasury Stock - Common 0 0 0 0
    Jun 2023 Dec 2022 Jun 2022 Dec 2021 Jun 2021
    Total Current Assets 15273 15074 14933 14924 13504
    Cash and Short Term Investments 3550 3236 2818 5195 4263
    Cash & Equivalents 2587 2140 1607 4482 3812
    Short Term Investments 692 652 889 713 451
    Total Receivables, Net 4184 4205 4052 3576 3543
    Accounts Receivable - Trade, Net 4184 4205 4052 3576 3543
    Total Inventory 6093 6318 6759 5115 4659
    Other Current Assets, Total 1446 1315 1304 1038 1039
    Total Assets 35452 35346 34944 34544 32180
    Property/Plant/Equipment, Total - Net 13003 13146 12535 12265 11765
    Goodwill, Net 2481 2430 2407 2286 2154
    Intangibles, Net 1804 1803 1824 1811 1818
    Long Term Investments 2232 2263 2595 2507 2246
    Other Long Term Assets, Total 659 630 650 751 693
    Total Current Liabilities 9006 9038 8647 8858 7690
    Accounts Payable 2829 3416 3316 3174 2857
    Notes Payable/Short Term Debt 478 595 685 613 0
    Current Port. of LT Debt/Capital Leases 2583 1959 1363 1809 1792
    Other Current Liabilities, Total 3116 3068 3283 3262 3041
    Total Liabilities 18090 18236 18722 19570 18395
    Total Long Term Debt 5367 5381 5971 6008 6046
    Long Term Debt 4678 4691 5249 5277 5291
    Capital Lease Obligations 689 690 722 731 755
    Deferred Income Tax 548 541 535 503 421
    Minority Interest 7 6 -2 -3 -1
    Other Liabilities, Total 3162 3270 3571 4204 4239
    Total Equity 17362 17110 16222 14974 13785
    Common Stock 357 357 357 357 357
    Additional Paid-In Capital 2702 2702 2746 2746 2746
    Retained Earnings (Accumulated Deficit) 14689 14313 13252 12526 11612
    Treasury Stock - Common 0 0 -120 0 0
    Other Equity, Total -386 -262 -13 -655 -930
    Total Liabilities & Shareholders’ Equity 35452 35346 34944 34544 32180
    Total Common Shares Outstanding 714.118 714.117 712.532 714.122 713.4
    Cash 271 444 322
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Net income/Starting Line 2009 1845 625 1730 1660
    Cash From Operating Activities 1931 2906 3366 3321 2831
    Cash From Operating Activities 1866 1734 1753 1754 1344
    Non-Cash Items 1153 920 868 880 702
    Cash Taxes Paid 697 562 315 619 497
    Cash Interest Paid 378 227 305 371 216
    Changes in Working Capital -3097 -1593 120 -1043 -875
    Cash From Investing Activities -1945 -1751 -1388 -2247 -4806
    Capital Expenditures -2141 -1705 -1221 -1801 -1668
    Other Investing Cash Flow Items, Total 196 -46 -167 -446 -3138
    Cash From Financing Activities -1860 -1433 1344 -1740 2328
    Financing Cash Flow Items -69 41 -105 -20 -84
    Total Cash Dividends Paid -803 -410 -357 -665 -637
    Issuance (Retirement) of Stock, Net -44 0 -44 -137 -17
    Issuance (Retirement) of Debt, Net -944 -1064 1850 -918 3066
    Foreign Exchange Effects -24 13 -41 4 2
    Net Change in Cash -1898 -265 3281 -662 355
    Dec 2022 Jun 2022 Dec 2021 Jun 2021
    Net income/Starting Line 2009 843 1845 1032
    Cash From Operating Activities 1931 7 2906 1004
    Cash From Operating Activities 1866 909 1734 856
    Non-Cash Items 1153 481 920 288
    Cash Taxes Paid 697 396 562 278
    Cash Interest Paid 378 124 227 68
    Changes in Working Capital -3097 -2226 -1593 -1172
    Cash From Investing Activities -1945 -1033 -1751 -656
    Capital Expenditures -2141 -709 -1705 -543
    Other Investing Cash Flow Items, Total 196 -324 -46 -113
    Cash From Financing Activities -1860 -1561 -1433 -1292
    Financing Cash Flow Items -69 162 41 -4
    Total Cash Dividends Paid -803 -803 -410 -410
    Issuance (Retirement) of Debt, Net -944 -876 -1064 -878
    Foreign Exchange Effects -24 34 13 9
    Net Change in Cash -1898 -2553 -265 -935
    Issuance (Retirement) of Stock, Net -44 -44 0
    Investor Name Investor Type Percent Outstanding Shares Held Shares change Holdings Date Turnover Rating
    BlackRock Institutional Trust Company, N.A. Investment Advisor 4.99 35634676 0 2022-12-31 LOW
    Mage-Invest SAS Corporation 4.22 30135940 0 2022-12-31 LOW
    Norges Bank Investment Management (NBIM) Sovereign Wealth Fund 3.033 21659048 -698080 2022-12-31 LOW
    The Vanguard Group, Inc. Investment Advisor/Hedge Fund 2.9195 20848421 8159 2023-09-30 LOW
    Michelin Employee Share Ownership Plan Corporation 2.2 15710582 0 2023-05-02 LOW
    MFS Investment Management Investment Advisor/Hedge Fund 1.9218 13724226 236102 2023-09-30 LOW
    BNP Paribas Asset Management France SAS Investment Advisor/Hedge Fund 1.6927 12088012 62674 2023-09-30 LOW
    Amundi Asset Management, SAS Investment Advisor/Hedge Fund 1.5335 10951328 54679 2023-09-30 LOW
    BlackRock Advisors (UK) Limited Investment Advisor/Hedge Fund 1.1412 8149582 100326 2023-09-30 LOW
    Dimensional Fund Advisors, L.P. Investment Advisor/Hedge Fund 1.0461 7470412 -77522 2023-09-30 LOW
    DNCA Investments Investment Advisor 0.9039 6455185 -233674 2023-09-30 LOW
    Eurizon Capital SGR S.p.A. Investment Advisor/Hedge Fund 0.7973 5693661 1534206 2023-09-30 MED
    DWS Investment GmbH Investment Advisor/Hedge Fund 0.7697 5496336 -100197 2023-09-30 LOW
    Geode Capital Management, L.L.C. Investment Advisor/Hedge Fund 0.6676 4767206 295 2023-09-30 LOW
    Tocqueville Finance S.A. Investment Advisor 0.5818 4154786 85457 2023-08-31 MED
    American Century Investment Management, Inc. Investment Advisor/Hedge Fund 0.5381 3842438 150881 2023-09-30 LOW
    BlackRock Investment Management (UK) Ltd. Investment Advisor/Hedge Fund 0.4496 3210569 0 2023-09-30 LOW
    Nuveen LLC Pension Fund 0.4414 3151946 -1458 2023-09-30 LOW
    Jupiter Asset Management Ltd. Investment Advisor/Hedge Fund 0.3903 2787251 261536 2023-06-30 LOW
    JP Morgan Asset Management Investment Advisor 0.3672 2622545 89310 2023-09-30 LOW

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    Michelin Company profile

    What is Michelin?

    Michelin (ML) is a French leading tire producer, founded in 1889 and headquartered in Clermont-Ferrand, France. The company designs and distributes tires and provides related services.

    It also develops advanced materials for the mobility industry, offers digital services, guides and maps for trips. Michelin operates 68 production sites in 17 countries. With 111,700 employees globally, the company markets in 170 countries. 

    Michelin is the second largest tyre manufacturer globally, behind the Japanese firm Bridgestone, and is larger than competitors Goodyear and Continental. Aside from tyre production, Michelin is renowned for travel guides and its infamous Michelin Stars that are awarded to restaurants for their cuisine. 

    Who is the Michelin group’s CEO?

    As of May 2019, Florent Menegaux has been the Chief Executive Officer of the Michelin group, having previously held the position of Managing General Partner of the group.

    Menegaux joined Michelin as Commercial Director for truck tires in the United Kingdom and the Republic of Ireland in 1997. He was quickly appointed Sales Director for Truck Tires Original Equipment and Replacement markets for North America and has since worked his way up the company.

    Where is Michelin traded?

    Michelin stock is listed on the Euronext Paris stock exchange and is a constituent of France’s benchmark CAC 40 index. Check out Capital.com for the latest ML chart and follow the Michelin share price.

    Industry: Tires & Rubber Products (NEC)

    23 place des Carmes-Déchaux
    Clermont-Ferrand Cedex 9
    CLERMONT-FERRAND
    AUVERGNE-RHONE-ALPES 63040
    FR

    Income Statement

    • Annual
    • Quarterly

    News

    December RBA preview: no move expected at the final meeting of 2023

    The RBA meets on Tuesday, 5th of December, 2023, at 2.30 PM (AEDT). We preview what to expect from this month’s decision.

    14:47, 4 December 2023

    CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs

    CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs

    12:39, 30 November 2023

    Euro Zone CPI expected to continue dropping; economists warn about cutting too soon

    EZ PI expected to drop further but speed of decline

    08:16, 29 November 2023

    A weaker Dollar drives gold higher

    Gold prices have returned above $US2000 per ounce. We run through the factors driving gold and the commodity’s key technicals.

    13:49, 28 November 2023

    Q3 US Earnings Recap: Profits surprise to the upside, but outlook remains uncertain

    US earnings for the third quarter were far better than expected. However, uncertainty about the outlook for company profits continues. We review the quarterly earnings and look ahead to what the markets expect from S&P 500 companies going forward.

    13:20, 28 November 2023

    RBNZ Preview: Rates expected to remain unchanged at final meeting of 2023

    The RBNZ meets for the final time this year on Wednesday, 29th of November, 2023. We preview what to expect and how it could impact the New Zealand Dollar.

    13:04, 28 November 2023

    Crude prices slide on OPEC+ uncertainty

    Crude prices have chopped sideways amid signs of turmoil within OPEC+. We look at the fundamentals of the oil market and the technical levels of WTI.

    12:55, 28 November 2023

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