Compagnie Générale des Établissements Michelin Société en commandite par actions
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 Générale des Établissements Michelin Société en commandite par actions (MGDDF) - Net Assets
Latest net assets as of December 2025: $18.08 Billion USD
Based on the latest financial reports, Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF) has net assets worth $18.08 Billion USD 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 Générale des Établissements Michelin Société en commandite par actions - Net Assets Trend (2002–2025)
This chart illustrates how Compagnie Générale des Établissements Michelin Société en commandite par actions'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 Générale des Établissements Michelin Société en commandite par actions (2002–2025)
The table below shows the annual net assets of Compagnie Générale des Établissements Michelin Société en commandite par actions 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 | +8.73% |
| 2018-12-31 | $12.17 Billion | +8.05% |
| 2017-12-31 | $11.26 Billion | +5.78% |
| 2016-12-31 | $10.65 Billion | +11.57% |
| 2015-12-31 | $9.54 Billion | +0.20% |
| 2014-12-31 | $9.52 Billion | +2.88% |
| 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 Générale des Établissements Michelin Société en commandite par actions'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% |
| Other Components | $1.06 Billion | 5.85% |
| Total Equity | $18.07 Billion | 100.00% |
Compagnie Générale des Établissements Michelin Société en commandite par actions Competitors by Market Cap
The table below lists competitors of Compagnie Générale des Établissements Michelin Société en commandite par actions ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PharmaEssentia
TW:6446
|
$5.84 Billion |
|
Spirax-Sarco Engineering plc
PINK:SPXSF
|
$5.84 Billion |
|
Sinomine Resource Exploration Co Ltd
SHE:002738
|
$5.85 Billion |
|
Eagle Materials Inc
NYSE:EXP
|
$5.85 Billion |
|
Airports Of Thailand PCL
BK:AOT
|
$5.84 Billion |
|
Paramount Skydance Corporation Class B Common Stock
NASDAQ:PSKY
|
$5.84 Billion |
|
Turkish Airlines
IS:THYAO
|
$5.84 Billion |
|
TXNM Energy, Inc.
NYSE:TXNM
|
$5.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Compagnie Générale des Établissements Michelin Société en commandite par actions'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 factors decreased equity by 648,000,000.
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 Changes | $-648.00 Million | -3.59% |
| Total Change | $- | -2.97% |
Book Value vs Market Value Analysis
This analysis compares Compagnie Générale des Établissements Michelin Société en commandite par actions'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: 1.35x
- 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 4.85x to 1.35x 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 | $35.38 | x |
| 2003-12-31 | $7.29 | $35.38 | x |
| 2004-12-31 | $5.86 | $35.38 | x |
| 2005-12-31 | $7.59 | $35.38 | x |
| 2006-12-31 | $7.86 | $35.38 | x |
| 2007-12-31 | $8.51 | $35.38 | x |
| 2008-12-31 | $8.53 | $35.38 | x |
| 2009-12-31 | $9.06 | $35.38 | x |
| 2010-12-31 | $12.67 | $35.38 | x |
| 2011-12-31 | $10.89 | $35.38 | x |
| 2012-12-31 | $11.27 | $35.38 | x |
| 2013-12-31 | $12.06 | $35.38 | x |
| 2014-12-31 | $12.32 | $35.38 | x |
| 2015-12-31 | $12.36 | $35.38 | x |
| 2016-12-31 | $14.14 | $35.38 | x |
| 2017-12-31 | $15.52 | $35.38 | x |
| 2018-12-31 | $16.87 | $35.38 | x |
| 2019-12-31 | $18.35 | $35.38 | x |
| 2020-12-31 | $17.63 | $35.38 | x |
| 2021-12-31 | $20.85 | $35.38 | x |
| 2022-12-31 | $23.86 | $35.38 | x |
| 2023-12-31 | $24.95 | $35.38 | x |
| 2024-12-31 | $25.84 | $35.38 | x |
| 2025-12-31 | $26.28 | $35.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Compagnie Générale des Établissements Michelin Société en commandite par actions 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 | 10.84% | 5.27% | 0.87x | 2.36x | $79.90 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 | 13.81% | 7.61% | 0.75x | 2.42x | $462.50 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 | 2.32x | $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 Générale des Établissements Michelin Société en commandite par actions's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $94,031,693,577
- Average return on equity (ROE) among peers: 7.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF) | $18.08 Billion | 19.47% | 0.94x | $5.84 Billion |
| Altisource Asset Management Corporation (AAMCF) | $-166.58 Million | 0.00% | 0.00x | $94.00 |
| Advance Auto Parts Inc (AAP) | $919.77 Million | 25.52% | 1.76x | $3.10 Billion |
| AB Dynamics plc (ABDDF) | $125.16 Million | 8.78% | 0.36x | $390.81 Million |
| Adient PLC (ADNT) | $4.62 Billion | 18.98% | 1.85x | $1.57 Billion |
| Agristar Inc (AGRS) | $687.77K | -63.01% | 1.48x | $99.67 |
| Akebono Brake Industry Co. Ltd (AKBIF) | $54.74 Billion | 12.11% | 1.84x | $73.29 Million |
| Allison Transmission Holdings Inc (ALSN) | $1.40 Billion | 16.35% | 2.44x | $9.85 Billion |
| Autoliv Inc (ALV) | $3.78 Billion | 12.79% | 0.74x | $7.75 Billion |
| Aptiv PLC (APTV) | $3.01 Billion | 44.84% | 2.56x | $15.18 Billion |
| Aisin Seiki Co Ltd (ASEKY) | $871.89 Billion | 1.90% | 1.27x | $5.03 Billion |