Michelin (ML) Stock Price, Fundamentals & Analysis

What ML does

Michelin (ML) is a stock listed on the Euronext Paris exchange. It operates in the tire and mobility sector, producing tires for vehicles ranging from passenger cars to aircraft and industrial machinery. The company also provides related services and digital mobility solutions.

Key numbers explained

• The current price of 33,8 EUR reflects the latest trading value of one share on the Euronext Paris market.
• A daily price change of +0,9% indicates the stock moved slightly higher on the most recent trading session.
• The trailing P/E ratio of 3,3 compares the current share price to the company’s earnings over the past 12 months, offering a snapshot of how the market values its recent profitability.
• The forward P/E ratio of 9,7 uses expected future earnings, giving a sense of valuation based on analyst estimates rather than past results.
• A dividend yield of 13,43% shows the annual dividend payment as a percentage of the current share price, a metric income-focused investors often monitor.
• The 52-week range of 25,51 – 35,72 EUR places the current price within the broader yearly trading band, helping to contextualize short-term moves.
• Michelin is part of the CAC 40, a benchmark index of the 40 largest companies listed on the Euronext Paris exchange.
• Within the French blue-chip space, peers include Orange (ORA), Legrand (LR), Engie (ENGI), Société Générale (GLE), Renault (RNO), Thales (HO), and Axa (CS).

What to watch

• Macroeconomic conditions, such as interest rates and inflation, can influence consumer and business demand for tires and mobility services.
• Raw material costs, particularly rubber and energy-related inputs, may affect production margins.
• Currency fluctuations matter for a company with significant international operations, as revenues and costs are often denominated in different currencies.
• Competitive dynamics in the global tire industry, including pricing pressure and innovation cycles, can shape market share.
• Regulatory changes related to vehicle safety, emissions, and mobility services may create both risks and opportunities.