Compagnie Générale des Établissements Michelin (MCHA) Price & Analysis
MCHA Stock Chart & Stats
- Day’s Range
- EUR 31.90 - EUR 32.04
- 52-Week Range
- EUR 15.19 - EUR 35.27
- Previous Close
- EUR 32.03
- Volume
- 1,256
- Average Volume (3M)
- 353
- Market Cap
- EUR 21.48B
- Enterprise Value
- EUR 28.51B
- Total Cash (Recent Filing)
- EUR 2.89B
- Total Debt (Recent Filing)
- EUR 7.92B
- Price to Earnings (P/E)
- 13.9
- Beta
- 0.77
- Next Earnings
- Feb 11, 2027
- EPS Estimate
- 1.03
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.20%
Bulls Say, Bears Say
Bulls Say
Premium Brand And Pricing Power
Michelin’s brand strength and premiumization support favorable replacement-market economics, where mix and pricing can enhance revenue quality. Rising branded tonnage alongside positive mix suggests differentiated products remain relevant and can help protect profitability over the next several quarters.
Resilient Profitability And Cash Generation
Improved segment profitability and positive first-half cash generation demonstrate operating resilience despite a difficult environment. Reaffirmed free-cash-flow guidance also supports continued investment, debt service, and shareholder returns, provided management converts the H1 improvement into full-year execution.
Manageable Leverage And Financial Flexibility
A sizeable equity base and moderate, improving leverage give Michelin financial flexibility to fund capital expenditure, acquisitions, and restructuring. This balance-sheet capacity reduces dependence on external financing and helps the company absorb cyclical weakness while pursuing higher-value growth areas.
Bears Say
Profit And Margin Compression
Lower earnings and margins weaken confidence in near-term earnings durability, even though Michelin remains profitable. Persistent compression would reduce internally generated funds for investment and returns, and could indicate that pricing, mix, and productivity gains are not fully offsetting business-cycle pressures.
Weak OEM Demand And Volume Pressure
Declining original-equipment volumes expose Michelin to weaker vehicle production and transport demand, limiting factory utilization and revenue growth. Replacement-market strength partly offsets this pressure, but sustained OE weakness could weigh on scale benefits and keep the company’s sales mix less favorable.
Large Restructuring Cash Outflows
Significant restructuring payments will absorb cash over the next two years, reducing operating flexibility even if the underlying program improves efficiency. These outflows may constrain discretionary investment and shareholder distributions, while execution risk remains until the expected savings are realized.
Compagnie Générale des Établissements Michelin News
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Company Description
Compagnie Générale des Établissements Michelin
Compagnie Générale des Établissements Michelin Société en commandite par actions is a global leader in the production and distribution of tires. The company provides a comprehensive array of tires for personal vehicles, including automobiles, racing, bicycles, motorcycles, scooters, and mopeds. Additionally, it supplies specialized tires for professional and industrial uses such as freight and passenger transportation, agricultural equipment, construction and industrial machinery, mining and quarry operations, corporate vehicle fleets, tradespeople, civil and military applications, light rail systems, and aircraft. Beyond its core tire business, Michelin offers a range of associated services, encompassing the development of mobility solutions for fleet managers, vehicle manufacturers, farmers, distributors, and individual customers. Its mobility-focused offerings also extend to practical tools like road maps, mobile applications, itinerary planning, and travel guides. Furthermore, the company diversifies into lifestyle products, featuring car and bike accessories, shoe soles, and sporting and leisure gear. Michelin is also engaged in high-tech materials, with initiatives in 3D metal printing, specialty rubbers, and sustainable biosourced and recycled materials. Founded in 1863, the company maintains its headquarters in Clermont-Ferrand, France.
- Sector
- General
- Industry
- Auto - Parts
- CEO
- Florent Menegaux
- Employees
- 116,600
- Website
- www.michelin.com
- Address
- 23, Place Des Carmes Dechaux, Clermont-Ferrand, AR, 63000, FR
Compagnie Générale des Établissements Michelin (MCHA) Earnings & Revenues
MCHA Company Deck
MCHA Earnings Call
Earnings Call SentimentNeutral
The call portrayed a balanced, resilient operational performance: underlying profitability improved (SOI +€103m at constant scope/FX), free cash flow was positive and acquisitions strengthened higher‑value portfolios. However, meaningful negative factors persist — significant FX headwinds (>€400m revenue impact), modest volume declines, conveyor weakness in polymer composites, manufacturing/logistics inflation (~€230m), substantial restructuring cash outs (€400–500m in 2026), and geopolitical risks that could add ~€400m of cost pressure. Management confirmed full‑year guidance, indicating confidence in execution, but the combination of near‑term macro, cost and cash‑out pressures tempers the upside.
View all DE:MCHA earnings summariesMCHA Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 6 | 10 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 4 | 0 | 8 |






