Michelin B

Compagnie Generale des Etablissements Michelin is active in the tire and mobility-related service markets. Co. manufactures, distributes and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of services. Co.'s operates in three segments: Passenger car/Light truck tires and related distribution; Truck tires and related distribution and Specialty businesses segment including tires for specialty vehicles and maps and guides. Co. distributes its products through two tire distribution networks: Euromaster (Europe) and TCI (U.S.A.) and its brands include Michelin, BFGoodrich, Kleber, Uniroyal, Warrior, Kormoran, Riken, Taurus and Tigar.
  • TickerML
  • ISINFR0000121261
  • ExchangeEuronext Paris
  • SectorAutomobiles & Parts
  • CountryFrance

Analysts

Michael Foundoukidis

ODDO : Feedback from Frankfurt Motor Show (IAA 2019)

>Auto suppliers: H2 improvement confirmed but visibility still poor - From the various meetings, we received confirmation that trends over the summer were better-than-expected for auto suppliers in terms of the outperformance (Valeo, Plastic Omnium notably) and that, while production did not see a rebound, at least it stopped deteriorating and the scenario of a y-o-y contraction of 4.5/5.0% remained valid. In this context, auto suppliers should benefit from weaker vol...

Michael Foundoukidis

ODDO : Feedback Salon Automobile de Francfort (IAA 2019)

>Equipementiers : S2 confirmé en progrès mais visibilité toujours faible - A travers les différentes réunions, nous avons eu la confirmation que l’été s’est plutôt mieux passé que ce qui était anticipé pour les équipementiers sur le plan de la surperformance (Valeo, Plastic Omnium notamment) et que, si la production n’avait pas connu de rebond, elle avait cessé de se dégrader et que le scénario d’un recul annuel de 4,5/5,0% restait valide. Dans ce contexte, les équipe...

Xavier Caroen

Michelin: A performance in line with expectations despite strong FX headwind

Michelin: (BUY , Fair Value EUR146 (+35%)) Michelin: A performance in line with expectations despite strong FX headwind Yesterday after market Michelin posted a perf. in line with market expectations, despite strong FX headwind. As anticipated, LfL sales and EBIT growth came from Price/Mix effect and from Specialties business. 2018 targets were reiterated implying strong growth to expect in H2 on EBIT and earnings. We reiterate our Buy rating on Michelin with a FV of EUR146/sh. Risk/reward looks to us quite attractive at current share price.

Michael Foundoukidis

ODDO : Feedback from Frankfurt Motor Show (IAA 2019)

>Auto suppliers: H2 improvement confirmed but visibility still poor - From the various meetings, we received confirmation that trends over the summer were better-than-expected for auto suppliers in terms of the outperformance (Valeo, Plastic Omnium notably) and that, while production did not see a rebound, at least it stopped deteriorating and the scenario of a y-o-y contraction of 4.5/5.0% remained valid. In this context, auto suppliers should benefit from weaker vol...

Michael Foundoukidis

ODDO : Feedback Salon Automobile de Francfort (IAA 2019)

>Equipementiers : S2 confirmé en progrès mais visibilité toujours faible - A travers les différentes réunions, nous avons eu la confirmation que l’été s’est plutôt mieux passé que ce qui était anticipé pour les équipementiers sur le plan de la surperformance (Valeo, Plastic Omnium notamment) et que, si la production n’avait pas connu de rebond, elle avait cessé de se dégrader et que le scénario d’un recul annuel de 4,5/5,0% restait valide. Dans ce contexte, les équipe...

Jean-Christophe Dourret

Michelin : Michelin - 05 Aug 2019

...

1 director bought

A director at Michelin(Cie Gle Des Etabl.) bought 1,800 shares at 110.643EUR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Jean-Louis Sempé

INVEST SECURITIES - MICHELIN (NEUTRE, OC : 108€) : Un semestre juste en ligne, guidances maintenues

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/25/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/04/2019

...

Fatma Agnès Hamdani ...
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Michael Foundoukidis
  • Olivier Lebrun
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/22/2019

The 2011-2012 crisis threatened the PSA group’s very existence, forcing it to adopt a frugal approach to investment that is now part of its DNA. This keeps the organisation under pressure and forces all projects to prove their profitability. This discipline leads the group to be selective in its choices, use partnerships and the integration of Opel as levers, and focus on flexibility, without sacrificing its future prospects. The group’s renewed financial health gives it considerable ...

Fatma Agnès Hamdani ...
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Michael Foundoukidis
  • Olivier Lebrun
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/03/2019

Imposée par la crise existentielle subie en 2011/12, la frugalité en termes d’investissement fait désormais partie de l’ADN du groupe PSA. Elle garde ainsi l’organisation sous tension et force tous les projets à démontrer leur rentabilité. Cette discipline conduit le groupe à rester sélectif dans ses choix, utiliser le levier des partenariats et de l’intégration d’Opel et privilégier la flexibilité, sans faire d’impasse préjudiciable à son avenir. Sa santé financière retrouvée lui don...

Despite a better risk assessment and improving to Neutral, MICHELIN remains under pressure

MICHELIN (FR), a company active in the Tires industry, improves its market behaviour and slightly increases its general evaluation. The independent financial analyst theScreener just upgraded the stock market behaviour as moderately risky. At a fundamental level, theScreener confirms 1 out of 4 possible stars; the general evaluation is slightly increased to Neutral but the title remains under pressure. As of the analysis date August 23, 2019, the closing price was EUR 91.72 and its target price was estimated at EUR 85.70.

Ng Adrian

Michelin

Ng Adrian

Michelin

Ng Adrian

Michelin

Ng Adrian

Michelin

MarketLine Department

Titan International Inc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Titan International Inc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Titan International Inc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Titan International Inc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic ...

Charles Pinel

Michelin - Assemblée générale des actionnaires du 17 mai 2019

GOUVERNANCEDepuis le 18 mai 2018, Michelin compte trois Associés Commandités : Jean-Dominique Senard, Président de la Gérance, dont le mandat a été renouvelé le 31 octobre 2014 pour une durée de quatre ans, Florent Menegaux, nommé lors de l’Assemblée générale des actionnaires du 18 mai 2018, et la Société Auxiliaire de Gestion (SAGES), non Gérant. Par ailleurs, l’Assemblée générale des actionnaires du 18 mai 2018 a nommé Yves Chapot Gérant non Commandité. Florent Menegaux sera appelé à succéder à Jean-Dominique Senard en qualité de Président de la Gérance au terme de la présente Assemblée géné...

Expert Corporate Governance Service (ECGS)

Michelin - AGM 17 May 2019

GOVERNANCE Since 18 May 2018, Michelin has had three General Partners: Jean-Dominique Senard, Managing Chairman, whose term of office was renewed on 31 October 2014 for a four-year term, Florent Menegaux, appointed at the General Shareholders' Meeting of 18 May 2018, and the company Société Auxiliaire de Gestion (SAGES), non-manager. In addition, the General Shareholders' Meeting of 18 May 2018 appointed Yves Chapot as General Manager. Florent Menegaux will succeed Jean-Dominique Senard as Managing Chairman at the end of this General Meeting.  REMUNERATION As in the previous financial year,...

Michelin – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Proxy Report - 18/05/2018

The present general meeting proposes a non-binding advisory vote on compensation of the managing general partner, Jean-Dominique Senard. Shareholders should note that given its status as a partnership limited by shares (Société en commandite par actions, SCA), Michelin is not required to submit to shareholders a binding resolutions on ex-post pay 2017 and ex-ante pay 2018 (remuneration policy). Group performance over the year was satisfactory; the overall level of remuneration is acceptable for a CEO of Company belonging to the CAC40 index. Last year the Company integrated environmental and so...

Proxy Report - 18/05/2018

Jean-Dominique Senard a annoncé son départ à la retraite et ne sera donc pas renouvelé lors de l’assemblée générale qui aura lieu en 2019. Il sera remplacé par Florent Ménégaux comme Gérant associé commandité et par Yves Chapot comme Gérant non associé commandité, deux dirigeants du groupe depuis respectivement 21 et 26 ans. Ils ne semblent pas liés à la famille Michelin, ce qui nous permettra de recommander l’approbation à la résolution relative à leur nomination (résolutions 12 et 13) et qui permettra un processus de succession mené en douceur. La société ne soumet pas au vote une politique...

Matthieu DRIOL

Analyse court terme - MICHELIN : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 86,91 €. La tendance de fond serait remise en cause en cas de franchissement de 112,30 €.

Matthieu DRIOL

Short term view - MICHELIN : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €86.91. The background trend would be questioned should prices rise above €112.30.

Matthieu DRIOL

Analyse court terme - MICHELIN : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 86,91 €, puis 84,81 €. Le franchissement de 112,30 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - MICHELIN : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €86.91, then €84.81. Passing €112.30 would question the continuation of the fall.

Matthieu DRIOL

Medium term view - MICHELIN : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €76.73, then €71.01. Passing €112.30 would question the continuation of the fall.

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