Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the most part in the "Road transportation and related distribution" segment.

Financial Strength

7/10

Name	Current	Vs Industry
Cash-To-Debt	0.45
Equity-to-Asset	0.51
Debt-to-Equity	0.35
Debt-to-EBITDA	1.27
Interest Coverage	8.9
Piotroski F-Score	6/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	2.78	Distress Grey Safe
Beneish M-Score	-2.95	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

8/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	11.3
	3-Year EBITDA Growth Rate	16.1
	3-Year EPS without NRI Growth Rate	45.3
	3-Year FCF Growth Rate	12.3
	3-Year Book Growth Rate	12.3
	Future 3-5Y EPS without NRI Growth Rate	9.49
	Future 3-5Y Total Revenue Growth Rate	2.5

Momentum Rank

10/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	58.34
	9-Day RSI	54.54
	14-Day RSI	53.31
	6-1 Month Momentum %	30.1
	12-1 Month Momentum %	25.09

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.77
	Quick Ratio	1.06
	Cash Ratio	0.36
	Days Inventory	106.53
	Days Sales Outstanding	52.54
	Days Payable	65.16

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	3.55
	Dividend Payout Ratio	0.34
	3-Year Dividend Growth Rate	35.7
	Forward Dividend Yield %	3.84
	5-Year Yield-on-Cost %	5.03
	3-Year Average Share Buyback Ratio	-0.1
	Shareholder Yield %	4.48

Profitability Rank

8/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	28.04
	Operating Margin %	12.16
	Net Margin %	7
	FCF Margin %	10.77
	ROE %	11.35
	ROA %	5.61
	ROIC %	9.76
	ROC (Joel Greenblatt) %	16.11
	ROCE %	10.76
	Years of Profitability over Past 10-Year	10

GF Value Rank

5/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	12.69
	PE Ratio without NRI	9.65
	Shiller PE Ratio	15.41
	Price-to-Owner-Earnings	6.72
	PEG Ratio	1.82
	PS Ratio	0.92
	PB Ratio	1.45
	Price-to-Tangible-Book	1.97
	Price-to-Free-Cash-Flow	8.57
	Price-to-Operating-Cash-Flow	4.94
	EV-to-EBIT	10.05
	EV-to-Forward-EBIT	8.53
	EV-to-EBITDA	5.91
	EV-to-Forward-EBITDA	5.22
	EV-to-Revenue	1.02
	EV-to-Forward-Revenue	1.02
	EV-to-FCF	9.61
	Price-to-Projected-FCF	0.91
	Price-to-DCF (Earnings Based)	0.66
	Price-to-DCF (FCF Based)	0.37
	Price-to-Median-PS-Value	1.08
	Price-to-Peter-Lynch-Fair-Value	1.89
	Price-to-Graham-Number	0.94
	Earnings Yield (Greenblatt) %	9.95
	FCF Yield %	11.97
	Forward Rate of Return (Yacktman) %	11

GF Value: $33.82

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