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Consensus

Discover analysts' forecasts and recommendations on the value of Michelin shares.

2024 3rd quarter

Last Updated: October 17, 2024
in million eurosConsensusMaximum valueMinimum valueResponses
Sales6 8227 0436 66414
Volume-5,0%-2,3%-6,4%14
Price-Mix2,4%3,0%1,9%14
Currency-1,0%0,0%-1,6%14
Scope0,2%0,9%0,0%14
Non-tire-0,1%0,5%-1,0%14
SR1 (PC&LT + related distribution) sales3 5043 6033 42013
SR2 (Truck + related distribution) sales1 7201 8201 67813
SR3 (Other activities) sales1 5861 7201 46913

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FULL YEAR 2024

Last Updated: October 17, 2024
In million eurosAverageMaximum valueMinimum valueResponses
Sales27 39627 79327 00115
Volume effect-4,4%-3,1%-5,0%15
Price-mix effect1,9%3,3%1,4%15
Currency effect-1,1%-0,5%-1,6%15
Non tire effect-0,1%0,4%-0,6%15
Scope effect0,4%1,0%0,0%15
Segment operating income3 4993 6663 34815
Segment operating margin12,8%13,2%12,3%15
Operating income3 2293 4163 12115
Operating margin11,8%12,3%11,3%15
Net Income2 3032 5312 05515
Earnings per share (published)3,243,552,9015
Dividend per share1,571,731,4115
Net debt3 0924 5261 46614
Free cash flow1 7672 0421 58015
SR1 (PC & LT + related distribution) sales14 14714 60013 94215
SR1 operating income1 8801 9851 68614
SR1 operating margin13,3%14,2%12,0%14
SR2 (Truck + related distribution) sales6 7566 9506 61015
SR2 operating income57862245214
SR2 operating margin8,6%9,2%6,8%14
SR3 (Other activities) sales6 4936 7405 81415
SR3 operating income1 0301 21082014
SR3 operating margin15,9%18,7%14,1%14
TARGET PRICE37,848,025,019

FULL YEAR 2025

Last Updated: October 17, 2024
In million eurosAverageMaximum valueMinimum valueResponses
Sales28 29528 98127 47015
Volume effect1,7%3,8%-0,1%15
Price-mix effect1,4%2,6%-0,5%15
Currency effect-0,4%0,0%-1,0%15
Non tire effect0,6%1,2%0,0%15
Scope effect0,1%0,8%0,0%15
Segment operating income3 7573 9823 57015
Segment operating margin13,3%13,7%12,7%15
Operating income3 5593 8823 33515
Operating margin12,6%13,4%11,9%15
Net Income2 5362 8032 21915
Earnings per share (published)3,604,033,1015
Dividend per share1,742,011,5415
Net debt2 5714 03846714
Free cash flow2 0492 5401 68515

FULL YEAR 2026

Last Updated: October 17, 2024
In million eurosAverageMaximum valueMinimum valueResponses
Sales29 23930 53128 25415
Segment operating income4 0184 3123 60215
Segment operating margin13,7%14,5%12,7%15
Operating income3 8194 2123 36915
Operating margin13,1%14,0%11,8%15
Net Income2 7343 0652 27715
Earnings per share (published)3,914,463,1815
Dividend per share1,902,231,5915
Net debt1 8953 940-5214
Free cash flow2 2102 7531 93215

Share coverage

FINANCIAL INSTITUTIONS

  • Alpha Value

  • Bank of America Merrill Lynch

  • Barclays

  • Citi

  • CM CIC

  • Deutsche Bank

  • Equita

  • Exane BNP Paribas

  • Goldman Sachs

  • HSBC

  • Intesa Sanpaolo

  • Jefferies

  • JP Morgan

  • Kepler Cheuvreux

  • Morgan Stanley

  • Oddo Securities

  • Société Générale

  • 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.

Agenda

Upcoming Events
Past Events
  • octobre 23, 2024

    3rd Quarter & 9 months Sales

  • juillet 24, 2024

    First-Half Results

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