Compagnie Générale des Établissements Michelin Société en commandite par actions

ENXTPA:ML Stock Report

Market Cap: €22.5b

Compagnie Générale des Établissements Michelin Société en commandite par actions Balance Sheet Health

Financial Health criteria checks 6/6

Compagnie Générale des Établissements Michelin Société en commandite par actions has a total shareholder equity of €17.9B and total debt of €6.8B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are €36.4B and €18.5B respectively. Compagnie Générale des Établissements Michelin Société en commandite par actions's EBIT is €3.4B making its interest coverage ratio 38.4. It has cash and short-term investments of €3.1B.

Key information

38.0%

Debt to equity ratio

€6.79b

Debt

Interest coverage ratio38.4x
Cash€3.08b
Equity€17.86b
Total liabilities€18.51b
Total assets€36.37b

Recent financial health updates

Recent updates

Here's Why Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Can Manage Its Debt Responsibly

Nov 01
Here's Why Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Can Manage Its Debt Responsibly

Should You Think About Buying Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Now?

Oct 16
Should You Think About Buying Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Now?

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Has Some Way To Go To Become A Multi-Bagger

Sep 16
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Has Some Way To Go To Become A Multi-Bagger

Estimating The Intrinsic Value Of Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML)

Sep 02
Estimating The Intrinsic Value Of Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML)

Results: Compagnie Générale des Établissements Michelin Société en commandite par actions Exceeded Expectations And The Consensus Has Updated Its Estimates

Jul 27
Results: Compagnie Générale des Établissements Michelin Société en commandite par actions Exceeded Expectations And The Consensus Has Updated Its Estimates

Is Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) A Risky Investment?

Jun 18
Is Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) A Risky Investment?

Investors Aren't Entirely Convinced By Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) Earnings

Jun 03
Investors Aren't Entirely Convinced By Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) Earnings

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

May 14
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

We Think The Compensation For Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) CEO Looks About Right

May 11
We Think The Compensation For Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) CEO Looks About Right

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

Apr 25
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

We Think Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) Healthy Earnings Might Be Conservative

Apr 15
We Think Compagnie Générale des Établissements Michelin Société en commandite par actions' (EPA:ML) Healthy Earnings Might Be Conservative

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Paying Out A Larger Dividend Than Last Year

Apr 11
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Paying Out A Larger Dividend Than Last Year

Why Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Could Be Worth Watching

Apr 08
Why Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Could Be Worth Watching

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

Mar 26
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

Feb 29
Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) Is Increasing Its Dividend To €1.35

Financial Position Analysis

Short Term Liabilities: ML's short term assets (€14.9B) exceed its short term liabilities (€8.2B).

Long Term Liabilities: ML's short term assets (€14.9B) exceed its long term liabilities (€10.3B).


Debt to Equity History and Analysis

Debt Level: ML's net debt to equity ratio (20.8%) is considered satisfactory.

Reducing Debt: ML's debt to equity ratio has reduced from 59.6% to 38% over the past 5 years.

Debt Coverage: ML's debt is well covered by operating cash flow (76.4%).

Interest Coverage: ML's interest payments on its debt are well covered by EBIT (38.4x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 08:26
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Compagnie Générale des Établissements Michelin Société en commandite par actions is covered by 45 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans-Peter WodniokAlphaValue
Kristina ChurchBarclays
Erwann DagorneBarclays