Some Investors May Be Willing To Look Past Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) Soft Earnings
Apr 14
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French (CAC) Auto Components Industry Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies8
- 7D0.2%
- 3M-11.8%
- 1Y-23.3%
- YTD-11.5%
Last week, the Auto Components industry hasn't moved much but OPmobility is up 7.4% in that time. As for the longer term, the industry has declined 23% in the last year. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the French Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | €25.7b | €97.6b | €2.2b | 7.9x | 11.8x | 0.3x |
| Thu, 13 Mar 2025 | €30.6b | €98.1b | €2.2b | 8.6x | 14.1x | 0.3x |
| Sat, 08 Feb 2025 | €30.1b | €99.2b | €2.7b | 8.9x | 11.2x | 0.3x |
| Mon, 06 Jan 2025 | €28.2b | €99.2b | €2.7b | 8.1x | 10.5x | 0.3x |
| Wed, 04 Dec 2024 | €27.1b | €99.2b | €2.7b | 6.9x | 10.1x | 0.3x |
| Fri, 01 Nov 2024 | €28.1b | €99.2b | €2.7b | 7.8x | 10.4x | 0.3x |
| Sun, 29 Sep 2024 | €33.3b | €99.2b | €2.7b | 8.4x | 12.4x | 0.3x |
| Tue, 27 Aug 2024 | €31.9b | €99.3b | €2.7b | 8.6x | 11.8x | 0.3x |
| Thu, 25 Jul 2024 | €31.6b | €99.9b | €2.7b | 9.1x | 11.5x | 0.3x |
| Sat, 22 Jun 2024 | €33.8b | €99.8b | €2.7b | 10.4x | 12.3x | 0.3x |
| Mon, 20 May 2024 | €35.8b | €99.8b | €2.7b | 13.5x | 13.1x | 0.4x |
| Wed, 17 Apr 2024 | €33.8b | €99.8b | €2.7b | 12.1x | 12.3x | 0.3x |
| Fri, 15 Mar 2024 | €32.8b | €99.4b | €2.8b | 11.5x | 11.9x | 0.3x |
| Sun, 11 Feb 2024 | €30.6b | €100.4b | €3.0b | 9x | 10.2x | 0.3x |
| Tue, 09 Jan 2024 | €33.2b | €100.4b | €3.0b | 10x | 11x | 0.3x |
| Thu, 07 Dec 2023 | €32.3b | €100.4b | €3.0b | 9.8x | 10.7x | 0.3x |
| Sat, 04 Nov 2023 | €30.0b | €100.4b | €3.0b | 9.5x | 9.9x | 0.3x |
| Mon, 02 Oct 2023 | €32.2b | €100.4b | €3.0b | 10.7x | 10.7x | 0.3x |
| Wed, 30 Aug 2023 | €32.9b | €100.3b | €3.0b | 12.7x | 11x | 0.3x |
| Fri, 28 Jul 2023 | €35.1b | €94.0b | €2.2b | 16.2x | 16.3x | 0.4x |
| Sun, 25 Jun 2023 | €31.1b | €92.6b | €2.2b | 15.2x | 14.4x | 0.3x |
| Tue, 23 May 2023 | €32.3b | €92.6b | €2.2b | 14.9x | 15x | 0.3x |
| Thu, 20 Apr 2023 | €33.7b | €91.4b | €2.1b | 14.5x | 16x | 0.4x |
| Sat, 18 Mar 2023 | €30.8b | €91.3b | €2.1b | 15.6x | 14.6x | 0.3x |
| Mon, 13 Feb 2023 | €33.3b | €79.1b | €1.4b | 24.2x | 23.5x | 0.4x |
| Wed, 11 Jan 2023 | €32.2b | €79.1b | €1.4b | 22.8x | 22.7x | 0.4x |
| Fri, 09 Dec 2022 | €28.8b | €79.1b | €1.4b | 20.2x | 20.3x | 0.4x |
| Sun, 06 Nov 2022 | €28.6b | €79.1b | €1.4b | 19x | 20.2x | 0.4x |
| Tue, 04 Oct 2022 | €26.1b | €79.1b | €1.4b | 18.5x | 18.4x | 0.3x |
| Thu, 01 Sep 2022 | €28.9b | €79.1b | €1.5b | 11.5x | 19.8x | 0.4x |
| Sat, 30 Jul 2022 | €32.0b | €78.9b | €1.5b | 10.9x | 21.6x | 0.4x |
| Mon, 27 Jun 2022 | €30.9b | €72.4b | €2.3b | 10.2x | 13.3x | 0.4x |
| Wed, 25 May 2022 | €32.5b | €72.4b | €2.3b | 11.3x | 14x | 0.4x |
| Fri, 22 Apr 2022 | €33.6b | €73.1b | €2.4b | 11.8x | 13.7x | 0.5x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are pessimistic on the French Auto Components industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.8x which is lower than its 3-year average PE of 14.0x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have declined 3.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the French Consumer Discretionary industry?
| FR Market | 2.14% | |
| Consumer Discretionary | 4.35% | |
| Auto Components | 0.24% | |
| Auto Parts and Equipment | 1.42% | |
| Tires and Rubber | -0.034% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry which is trading above its 3-year average PE ratio of 12.0x.
- Analysts are expecting annual earnings growth of 42.2%, which is higher than its past year's earnings decline of 11.5% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading close to its 3-year average of 11.1x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Tires and Rubber industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ML Compagnie Générale des Établissements Michelin Société en commandite par actions | €29.84 | 1.7% +€345.8m | -14.6% | PE11.2x | |
| OPM OPmobility | €8.61 | 7.0% +€79.9m | -29.4% | PE7.2x | |
| FR Valeo | €7.66 | 2.2% +€40.8m | -38.4% | PE11.5x | |
| AKW Akwel | €7.34 | 6.4% +€11.6m | -47.3% | PE8x | |
| BUR Burelle | €308.00 | 2.0% +€10.5m | -32.5% | PE4.7x |
