- Michelin‘s forecast for total segment operating income is EU3.4 billion, falling short of the expected EU3.49 billion.
- The company anticipates adjusted free cash flow to exceed EU1.7 billion, which is an improvement over the previous forecast of above EU1.5 billion.
- For the first nine months of the year, Michelin‘s revenue is EU20.17 billion, marking a 4.6% year-over-year decline.
- The automotive segment revenue is EU10.36 billion, down by 2.4% compared to the previous year.
- Road transportation segment revenue stands at EU4.93 billion, reflecting a 4.6% decrease year-over-year.
- Sales volumes for 2024 are anticipated to range between a 4% to 6% decline.
- Managing Chairman Florent Menegaux cites economic, climate-related, and geopolitical challenges as increasing factors impacting the market, leading to significant reductions in sales volumes and production output in plants.
- Analyst ratings for Michelin include 13 buys, 5 holds, and 3 sells.
A look at Michelin Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Compagnie Generale des Etablissements Michelin, a company that manufactures auto parts, presents a promising long-term outlook according to the Smartkarma Smart Scores. With a solid rating in key areas, Michelin is positioned well for future growth. The company scores well in dividends, growth prospects, resilience, and momentum. Investors may find Michelin to be a stable choice with good potential for returns based on these assessments.
Michelin‘s above-average ratings in dividend yield, growth potential, resilience to market fluctuations, and positive momentum indicate a positive outlook for the company’s future performance. As a global provider of tires and related products, Michelin‘s consistent performance across these key factors bodes well for its long-term prospects in the market. Investors looking for a company with a balanced mix of value and growth may find Michelin to be a compelling choice based on the Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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