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Michelin : Underpinned by a support level

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10/09/2019 | 02:39am EDT
long trade on a pullback
Conditional Order Terminated
Entry price : 91.7€ | Target : 100€ | Stop-loss : 87€ | Cancellation Level : 99.8€ | Potential : 9.05%
The support at 91.72 EUR, which is currently being tested, should allow Michelin shares to move back to the upside.
Investors should buy the stock at current prices near € 91.7 in order to target the € 100.
Duration : Period :
Michelin Technical Analysis Chart | MarketScreener
Full-screen chart
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

  • The group usually releases upbeat results with huge surprise rates.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • Its low valuation, with P/E ratio at 9.38 and 8.57 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.

  • Analysts covering the stock have recently lowered their earnings forecast.
  • For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
Michelin : Underpinned by a support level

Jordan Dufee
© 2019
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The use of the information disseminated takes place under the investor's sole responsibility, without recourse against Greattor SAS. Greattor SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (EUR)
Sales 2019 23 784 M
EBIT 2019 2 996 M
Net income 2019 1 825 M
Debt 2019 4 693 M
Yield 2019 3,74%
P/E ratio 2019 10,3x
P/E ratio 2020 9,20x
EV / Sales2019 0,99x
EV / Sales2020 0,95x
Capitalization 18 876 M
Upcoming event on MICHELIN
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 115,58  €
Last Close Price 105,45  €
Spread / Highest target 28,0%
Spread / Average Target 9,61%
Spread / Lowest Target -24,3%
EPS Revisions
Florent Menegaux Chief Executive Officer
Michel Rollier Chairman-Supervisory Board
Marc Henry Chief Financial Officer
Terry K. Gettys Executive Vice President-Research & Development
Eric Philippe Vinesse Executive Vice President-Research & Development
Sector and Competitors