Compagnie Generale des Etablissements Michelin SCA
Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, c… Read more
Compagnie Generale des Etablissements Michelin SCA (ML) - Net Assets
Latest net assets as of December 2025: €18.08 Billion EUR
Based on the latest financial reports, Compagnie Generale des Etablissements Michelin SCA (ML) has net assets worth €18.08 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€35.02 Billion) and total liabilities (€16.94 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.08 Billion |
| % of Total Assets | 51.62% |
| Annual Growth Rate | 6.23% |
| 5-Year Change | 20.74% |
| 10-Year Change | 69.79% |
| Growth Volatility | 12.56 |
Compagnie Generale des Etablissements Michelin SCA - Net Assets Trend (2002–2025)
This chart illustrates how Compagnie Generale des Etablissements Michelin SCA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Compagnie Generale des Etablissements Michelin SCA (2002–2025)
The table below shows the annual net assets of Compagnie Generale des Etablissements Michelin SCA from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €18.08 Billion | -2.99% |
| 2024-12-31 | €18.63 Billion | +3.76% |
| 2023-12-31 | €17.96 Billion | +4.92% |
| 2022-12-31 | €17.12 Billion | +14.33% |
| 2021-12-31 | €14.97 Billion | +18.53% |
| 2020-12-31 | €12.63 Billion | -4.52% |
| 2019-12-31 | €13.23 Billion | +8.60% |
| 2018-12-31 | €12.18 Billion | +8.17% |
| 2017-12-31 | €11.26 Billion | +5.78% |
| 2016-12-31 | €10.65 Billion | +11.57% |
| 2015-12-31 | €9.54 Billion | +0.25% |
| 2014-12-31 | €9.52 Billion | +2.83% |
| 2013-12-31 | €9.26 Billion | +8.88% |
| 2012-12-31 | €8.50 Billion | +4.94% |
| 2011-12-31 | €8.10 Billion | -0.32% |
| 2010-12-31 | €8.13 Billion | +47.90% |
| 2009-12-31 | €5.50 Billion | +7.47% |
| 2008-12-31 | €5.11 Billion | -3.35% |
| 2007-12-31 | €5.29 Billion | +12.84% |
| 2006-12-31 | €4.69 Billion | +3.56% |
| 2005-12-31 | €4.53 Billion | +27.66% |
| 2004-12-31 | €3.55 Billion | -19.57% |
| 2003-12-31 | €4.41 Billion | -2.07% |
| 2002-12-31 | €4.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Compagnie Generale des Etablissements Michelin SCA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 660.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €17.01 Billion | 94.15% |
| Common Stock | €344.00 Million | 1.90% |
| Other Components | €714.00 Million | 3.95% |
| Total Equity | €18.07 Billion | 100.00% |
Compagnie Generale des Etablissements Michelin SCA Competitors by Market Cap
The table below lists competitors of Compagnie Generale des Etablissements Michelin SCA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Middleby Corporation
F:MBY
|
$4.83 Billion |
|
Home BancShares Inc
NYSE:HOMB
|
$4.83 Billion |
|
True Corporation Public Company Limited
PINK:TCPFF
|
$4.83 Billion |
|
Casella Waste Systems Inc
NASDAQ:CWST
|
$4.83 Billion |
|
Suzlon Energy Limited
NSE:SUZLON
|
$4.82 Billion |
|
ALTAGAS LTD PRF.G CD25
F:AQ30
|
$4.82 Billion |
|
Ufp Industries Inc
NASDAQ:UFPI
|
$4.82 Billion |
|
Taylor Wimpey plc
PINK:TWODF
|
$4.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Compagnie Generale des Etablissements Michelin SCA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,625,000,000 to 18,072,000,000, a change of -553,000,000 (-3.0%).
- Net income of 1,665,000,000 contributed positively to equity growth.
- Dividend payments of 974,000,000 reduced retained earnings.
- Share repurchases of 668,000,000 reduced equity.
- New share issuances of 72,000,000 increased equity.
- Other comprehensive income increased equity by 75,000,000.
- Other factors decreased equity by 723,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.67 Billion | +9.21% |
| Dividends Paid | €974.00 Million | -5.39% |
| Share Repurchases | €668.00 Million | -3.7% |
| Share Issuances | €72.00 Million | +0.4% |
| Other Comprehensive Income | €75.00 Million | +0.42% |
| Other Changes | €-723.00 Million | -4.0% |
| Total Change | €- | -2.97% |
Book Value vs Market Value Analysis
This analysis compares Compagnie Generale des Etablissements Michelin SCA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.90x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €7.29 | €28.45 | x |
| 2003-12-31 | €7.29 | €28.45 | x |
| 2004-12-31 | €5.86 | €28.45 | x |
| 2005-12-31 | €7.59 | €28.45 | x |
| 2006-12-31 | €7.86 | €28.45 | x |
| 2007-12-31 | €8.51 | €28.45 | x |
| 2008-12-31 | €8.53 | €28.45 | x |
| 2009-12-31 | €9.06 | €28.45 | x |
| 2010-12-31 | €12.67 | €28.45 | x |
| 2011-12-31 | €10.89 | €28.45 | x |
| 2012-12-31 | €11.27 | €28.45 | x |
| 2013-12-31 | €12.06 | €28.45 | x |
| 2014-12-31 | €12.31 | €28.45 | x |
| 2015-12-31 | €12.36 | €28.45 | x |
| 2016-12-31 | €14.14 | €28.45 | x |
| 2017-12-31 | €15.52 | €28.45 | x |
| 2018-12-31 | €16.89 | €28.45 | x |
| 2019-12-31 | €18.35 | €28.45 | x |
| 2020-12-31 | €17.63 | €28.45 | x |
| 2021-12-31 | €20.85 | €28.45 | x |
| 2022-12-31 | €23.86 | €28.45 | x |
| 2023-12-31 | €24.95 | €28.45 | x |
| 2024-12-31 | €25.98 | €28.45 | x |
| 2025-12-31 | €25.34 | €28.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Compagnie Generale des Etablissements Michelin SCA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.41%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.94x
- Recent ROE (9.21%) is below the historical average (13.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 19.47% | 5.39% | 0.96x | 3.77x | €409.86 Million |
| 2003 | 20.37% | 5.74% | 0.95x | 3.74x | €448.90 Million |
| 2004 | 18.55% | 4.29% | 0.94x | 4.62x | €297.30 Million |
| 2005 | 19.71% | 5.70% | 0.92x | 3.74x | €437.90 Million |
| 2006 | 12.23% | 3.49% | 0.97x | 3.61x | €104.30 Million |
| 2007 | 14.62% | 4.58% | 1.03x | 3.11x | €243.80 Million |
| 2008 | 6.99% | 2.18% | 0.99x | 3.25x | €-153.80 Million |
| 2009 | 1.93% | 0.72% | 0.90x | 3.01x | €-443.20 Million |
| 2010 | 12.91% | 5.86% | 0.91x | 2.42x | €236.60 Million |
| 2011 | 18.05% | 7.06% | 0.99x | 2.58x | €652.10 Million |
| 2012 | 18.47% | 7.31% | 0.99x | 2.54x | €720.10 Million |
| 2013 | 12.18% | 5.57% | 0.98x | 2.24x | €202.00 Million |
| 2014 | 10.85% | 5.27% | 0.87x | 2.36x | €80.40 Million |
| 2015 | 12.31% | 5.51% | 0.89x | 2.52x | €219.10 Million |
| 2016 | 15.81% | 8.02% | 0.83x | 2.39x | €616.10 Million |
| 2017 | 15.14% | 7.74% | 0.87x | 2.25x | €577.40 Million |
| 2018 | 13.79% | 7.61% | 0.73x | 2.48x | €461.20 Million |
| 2019 | 13.24% | 7.26% | 0.76x | 2.40x | €428.40 Million |
| 2020 | 5.00% | 3.09% | 0.65x | 2.50x | €-631.30 Million |
| 2021 | 12.31% | 7.75% | 0.69x | 2.31x | €346.60 Million |
| 2022 | 11.69% | 7.00% | 0.81x | 2.07x | €290.00 Million |
| 2023 | 11.04% | 7.00% | 0.81x | 1.96x | €187.50 Million |
| 2024 | 10.12% | 6.93% | 0.73x | 2.01x | €21.50 Million |
| 2025 | 9.21% | 6.41% | 0.74x | 1.94x | €-142.20 Million |
Industry Comparison
This section compares Compagnie Generale des Etablissements Michelin SCA's net assets metrics with peer companies in the Automobiles & Auto Parts industry.
No peer company data available for comparison.