Consensus estimates Read the forecasts and recommendations of analysts on the value of the Michelin share Imprimer Full year consensus estimates 05/19/2022 | XLSX - 16.46 Ko Annual and quarter consensus estimates Full Year 2022 Last update: May 19, 2022 In million of euros Average Maximum value Minimum value Responses Sales 27,190 28,510 26,293 14 Volume effect +2.2% +4.2% +1.3% 14 Price-mix effect +8.8% +12.0% +4.2% 14 Currency effect +2.8% +5.2% +1.3% 14 Non tire effect +0.3% +0.7% +0.0% 8 Scope effect +0.2% +0.9% -0.1% 12 Segment operating income 3,373 3,639 3,018 14 Segment operating margin +12.4% +13.3% +11.1% 14 Operating income 3,225 3,549 2,819 14 Operating margin +11.9% +13.0% +10.4% 14 Net Income 2,185 2,501 1,861 14 Earnings per share (published) 12.24 14.02 10.43 14 Dividend per share 5.56 6.57 4 14 Net debt 2,351 2,794 1,315 14 Free cash flow 1,287 1,583 796 13 SR1 (PC & LT + related distribution) sales 13,593 14,250 13,000 12 SR1 operating income 1,804 1,956 1,566 11 SR1 operating margin +13.3% +14.0% +11.5% 11 SR2 (Truck + related distribution) sales 7,072 7,430 6,650 12 SR2 operating income 676 762 641 11 SR2 operating margin +9.6% +10.4% +9.0% 11 SR3 (Other activities) sales 6,577 7,433 6,178 12 SR3 operating income 888 959 787 11 SR3 operating margin +13.5% +15.4% +11.9% 11 TARGET PRICE 155.7 174 133 18 Full year 2023 Last update: May 19, 2022 In million of euros Average Maximum value Minimum value Responses Sales 28,248 30,640 27,436 14 Volume effect +2.6% +3.5% -0.3% 14 Price-mix effect +0.9% +3.2% -0.8% 14 Currency effect +0.2% +1.1% -0.3% 14 Non tire effect +0.1% +0.9% +0.0% 10 Scope effect +0.0% +0.3% +0.0% 12 Segment operating income 3,673 4,091 3,218 14 Segment operating margin +13.0% +14.8% +11.7% 14 Operating income 3,538 3,991 3,019 14 Operating margin +12.5% +14.5% +11.0% 14 Net Income 2,423 2,811 2,009 14 Earnings per share (published) 13.57 15.75 11.26 14 Dividend per share 6.2 7.81 4 14 Net debt 1,614 2,167 493 14 Free cash flow 1,864 2,180 1,354 13 Full year 2024 Last update: May 19, 2022 In million of euros Average Maximum value Minimum value Responses Sales 29,296 31,400 28,377 11 Segment operating income 3,845 4,157 3,563 11 Segment operating margin +13.1% +14.1% +12.2% 11 Operating income 3,703 4,067 3,413 11 Operating margin +12.6% +13.8% +11.7% 11 Net Income 2,554 2,899 2,341 11 Earnings per share (published) 14.31 16.25 13.12 11 Dividend per share 6.87 8.13 5 11 Net debt 733 1,438 -586 11 Free cash flow 2,257 2,527 1,879 10 Share coverage FINANCIAL INSTITUTIONS Alpha Value Bank of America Merrill Lynch Barclays Citi CM CIC Deutsche Bank Equita Exane BNP Paribas Goldman Sachs HSBC Jefferies JP Morgan Kepler Cheuvreux Morgan Stanley Oddo Securities Royal Bank of Canada (RBC) Stifel UBS Consensus The Earnings consensus is a compound of estimates of Michelin’s financial results prepared by stockbrokers’s financial analyst teams. This information is supplied by Michelin's Investor Relations Department.. The consensus is calculated on the basis of data published by financial analysts who monitor the Michelin share or are directly collected from them. The consensus respects the presentation of the Michelin Group's segmental information: Reporting Segment RS1: Automotive and related distribution (including Michelin Travel Partner and other Experiences activities) Reporting Segment RS2: Road transportation and related distribution Reporting Segment RS3: Specialty business and related distribution - Mining, Off the road, Two-wheel and aircraft tires, High-Tech Materials, Michelin Lifestyle Ltd The consensus is provided by Michelin for information purposes only. The fact that this consensus can be found on Michelin’s website in no way signifies validation or approval by Michelin of any or all of the estimates presented. This information should not be construed as an invitation to buy or sell shares or to enter into any type of transaction whatsoever. The Michelin share being exclusively traded in France on the Premier Marché of Paris Euronext, before engaging in any transactions, Michelin therefore invites you to consult your financial advisor. Financial key figures Read more Market trends Read more
