Compagnie Générale des Établissements Michelin Société en commandite par actions
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
9.578.778.136.52
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$1.99$2.17$2.34$2.92

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.5013.9811.4412.829.185.6214.846.974.615.905.015.62
Price/Sales ratio
0.700.760.910.980.690.400.450.540.320.410.640.64
Price/Book Value ratio
1.451.701.791.921.250.730.740.850.540.650.640.73
Price/Cash Flow ratio
5.486.016.897.905.402.942.784.424.782.211.672.94
Price/Free Cash Flow ratio
21.6618.1819.9722.3313.156.434.3710.70-44.003.845.256.43
Price/Earnings Growth ratio
-1.460.960.257.37-10.740.05-0.230.030.51-2.76-2.12-10.74
Dividend Yield
3.35%2.85%2.70%2.69%4.16%6.79%3.80%3.18%8.68%7.62%4.55%4.16%
Profitability Indicator Ratios
Gross Profit Margin
31.98%32.83%33.94%32.53%32.30%29.34%27.92%29.35%26.36%28.04%28.96%29.34%
Operating Profit Margin
10.18%10.41%13.34%11.98%11.57%11.14%6.85%11.67%10.56%9.35%12.34%11.57%
Pretax Profit Margin
8.44%8.81%11.78%10.71%10.12%9.26%4.78%10.38%9.29%8.78%8.21%9.26%
Net Profit Margin
5.24%5.47%7.95%7.69%7.55%7.20%3.08%7.74%6.99%6.99%6.60%7.20%
Effective Tax Rate
37.55%37.77%32.34%28.07%25.56%22.62%36.15%25.33%24.35%20.36%21.02%22.62%
Return on Assets
4.57%4.85%6.57%6.68%5.65%5.49%1.99%5.31%5.66%5.63%6.33%5.65%
Return On Equity
10.77%12.22%15.69%15.04%13.70%13.15%5.00%12.31%11.69%11.04%12.86%13.15%
Return on Capital Employed
11.49%11.81%14.76%13.57%11.24%10.94%5.72%10.81%11.48%9.66%15.28%11.24%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.82N/A
Quick Ratio
0.991.080.991.060.990.901.271.080.961.061.100.99
Cash ratio
0.220.290.230.300.310.200.650.480.260.320.370.31
Days of Sales Outstanding
50.0049.5553.1051.2557.2153.4155.5854.8553.6849.5841.8753.41
Days of Inventory outstanding
115.35109.95118.40111.06108.84100.4697.94114.47109.5497.4886.20100.46
Operating Cycle
165.36159.50171.51162.32166.06153.88153.52169.32163.22147.06128.07153.88
Days of Payables Outstanding
59.3360.3471.4474.0174.4066.2867.4882.2269.5464.5151.4666.28
Cash Conversion Cycle
106.0299.15100.0788.3191.6587.5986.0387.0993.6882.5476.6187.59
Debt Ratios
Debt Ratio
0.100.120.110.100.210.180.240.200.180.140.180.18
Debt Equity Ratio
0.230.300.270.230.510.450.610.470.380.290.380.45
Long-term Debt to Capitalization
0.140.190.130.150.290.270.320.260.210.200.240.27
Total Debt to Capitalization
0.190.230.210.180.330.310.370.310.270.220.270.31
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A15.00N/A
Cash Flow to Debt Ratio
1.100.930.931.040.450.550.430.410.291.001.010.45
Company Equity Multiplier
2.352.512.382.252.422.392.502.312.061.962.032.39
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.120.120.130.120.120.130.160.120.060.180.190.12
Free Cash Flow / Operating Cash Flow Ratio
0.250.330.340.350.410.450.630.41-0.100.570.610.41
Cash Flow Coverage Ratio
1.100.930.931.040.450.550.430.410.291.001.010.45
Short Term Coverage Ratio
3.515.062.125.792.383.562.171.721.058.946.112.38
Dividend Payout Ratio
45.26%39.91%30.94%34.57%38.25%38.21%56.48%22.23%40.12%45.03%41.73%38.25%