Michelin shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the € 135.
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 company returns high margins, thereby supporting business profitability.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
As regards fundamentals, the enterprise value to sales ratio is at 1.02 for the current period. Therefore, the company is undervalued.
With a P/E ratio at 13.19 for the current year and 11.7 for next year, earnings multiples are highly attractive compared with competitors.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
The stock is in a well-established, long-term rising trend above the technical support level at 106.15 EUR
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Manufactures tires and rubber productsCompagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires.Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services.The company...