Michelin

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Michelin is a company manufacturing, distributing, and selling tires. It offers tires and services for different types of vehicles, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment, and trucks. The company also provides digital mobility support services and publishes travel guides, hotel and restaurant guides, maps, and road atlases.
TypePublic
Founded1889
HQClermont-Ferrand, FRMap
Websitemichelin.com
Employee Ratings3.8More
Overall CultureA+More
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Employees (est.) (Dec 2020)117,454(-3%)
Job Openings367
Revenue (FY, 2019)€24.1 B(+10%)
Share Price (Apr 2021)€127.8
Cybersecurity ratingBMore

Key People/Management at Michelin

Florent Menegaux

Florent Menegaux

President of the Michelin Group and President of the Executive Board of the Michelin Corporate Foundation
Philippe Legrez

Philippe Legrez

Executive Director
Yves Chapot

Yves Chapot

Managing Partner
Jean-Michel Guillon

Jean-Michel Guillon

Chief Innovation Officer
Terry K. Gettys

Terry K. Gettys

Senior Vice President, Director of Research & Development Programs
Adeline Challon-Kemoun

Adeline Challon-Kemoun

Executive Vice President, Brands and External Relations, Member of the Group Executive Committee
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Michelin Office Locations

Michelin has offices in Clermont-Ferrand, Greenville, Port Melbourne, Laval and in 21 other locations
Clermont-Ferrand, FR (HQ)
23 Place des Carmes Dechaux
Port Melbourne, AU
51 - 57 Fennell Street
Laval, CA
2500 Daniel-Johnson, Suite 500, Laval
Shanghai, CN
Block 7, No. 518, Fuquan North Road, Changning District
Shenyang, CN
Yuhong District
Torre, CO
Carrera 45 # 108-27 - Torre 1 - Oficina 1001
Show all (25)

Michelin Financials and Metrics

Michelin Revenue

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Michelin's revenue was reported to be €24.14 b in FY, 2019 which is a 9.6% increase from the previous period.
EUR

Revenue (H1, 2020)

9.4b

Gross profit (H1, 2020)

2.3b

Gross profit margin (H1, 2020), %

24.3%

Net income (H1, 2020)

(137.0m)

EBIT (H1, 2020)

177.0m

Market capitalization (26-Apr-2021)

22.8b

Closing stock price (26-Apr-2021)

127.8

Cash (30-Jun-2020)

2.8b

EV

28.8b
Michelin's current market capitalization is €22.8 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

22.0b22.0b24.1b

Revenue growth, %

0%10%

Cost of goods sold

14.8b14.9b17.1b

Gross profit

7.1b7.1b7.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Revenue

10.6b11.8b9.4b

Cost of goods sold

7.1b8.3b7.1b

Gross profit

3.5b3.5b2.3b

Gross profit Margin, %

33%30%24%
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Annual
EURFY, 2017FY, 2018FY, 2019

Cash

1.7b2.1b1.5b

Accounts Receivable

3.1b3.3b3.5b

Inventories

4.5b4.4b4.7b

Current Assets

10.8b11.2b11.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash

1021.0t1.4b2.8b

Accounts Receivable

3658.0t3.8b2.8b

Inventories

4633.0t5.1b4.3b

Current Assets

10694.0t12.1b11.5b
show all
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

1.7b1.7b1.7b

Depreciation and Amortization

1.3b1.3b1.8b

Inventories

(311.0m)4.0m147.0m

Accounts Payable

404.0m(124.0m)(135.0m)
Half Year
EURH1, 2018H1, 2019H1, 2020

Net Income

917.0m844.0m(137.0m)

Depreciation and Amortization

658.0m858.0m882.0m

Inventories

(175.0m)(283.0m)304.0m

Accounts Payable

(96.0m)176.0m(840.0m)
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EURFY, 2017

EV/EBIT

8.9 x

EV/CFO

8.6 x

Revenue/Employee

203.7k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.2 x

P/E Ratio

13.4
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Michelin Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries (Facilities)

172526

Product Lines

8

Production Facilities

7067117

Suppliers

52 k52 k50 k
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Michelin Acquisitions / Subsidiaries

Company NameDateDeal Size
NexTraqSeptember 02, 2020
MasternautMay 22, 2019$480 m
MultistradaMarch 06, 2019
CamsoDecember 18, 2018€1.17 b
Lehigh TechnologiesJuly 13, 2018
FennerMay 31, 2018
SascarJune 09, 2014€91 m
Camso Inc.
Camso International S.à r.l.
Camso Vietnam Co., Ltd
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Michelin Revenue Breakdown

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Michelin revenue breakdown by business segment: 49.1% from Automotive & related distribution, 24.2% from Specialty businesses & related distribution and 26.7% from Road transportation & related distribution

Michelin revenue breakdown by geographic segment: 36.9% from North America, 36.7% from Europe and 26.5% from Other

Human Capital Metrics

Source: www.michelin.com, uploads4.craft.co, uploads2.craft.co
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Michelin Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Michelin Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

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Michelin Online and Social Media Presence

Michelin's Trends

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Michelin Company Culture

  • Overall Culture

    A+

    94/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Michelin Blogs

May 03, 2021

Simplification and competitiveness plan for France 2021-2023

CFDT, CFE-CGC, SUD and FO trade unions sign agreement on employee support measures L’article Simplification and competitiveness plan for France 2021-2023 est apparu en premier sur Michelin.
April 30, 2021

MICHELIN X Incity EV Z tire, first MICHELIN range specifically designed for electric buses

A range combining safety, longevity, respect for the environment and increased load capacity L’article MICHELIN X Incity EV Z tire, first MICHELIN range specifically designed for electric buses est apparu en premier sur Michelin.
April 29, 2021

MICHELIN Guide 2021 – Chicago – 2 new Two MICHELIN Stars, one new One MICHELIN Star

Inspectors recognize two new Two MICHELIN Stars, one new One MICHELIN Star in Chicago L’article MICHELIN Guide 2021 – Chicago – 2 new Two MICHELIN Stars, one new One MICHELIN Star est apparu en premier sur Michelin.
April 29, 2021

Michelin and the 2021 FIA World Endurance Championship (FIA WEC)

Michelin's ninth consecutive FIA WEC campaign L’article Michelin and the 2021 FIA World Endurance Championship (FIA WEC) est apparu en premier sur Michelin.
April 26, 2021

Financial information at March 31, 2021

Q1 2021: €5.4 billion in sales, up 8.3% at constant exchange rates, lifted by the recovery in demand.   With the strong upturn in global demand, which offset major supply chain disruptions and persistent health-related restrictions: Passenger car/Light truck and Truck tire markets rose by 9% and 20…
April 23, 2021

The MICHELIN Scorcher Adventure, a tailor-made tire for the Harley Davidson Pan America 1250

• A lasting collaboration founded on the two brands’ shared focus on performance, quality and innovation • The MICHELIN Scorcher Adventure, for 80 percent road use and 20 percent trail use • The MICHELIN Anakee Wild, for high-performance trail use L’article The MICHELIN Scorcher Adventure, a tailor…
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 Michelin Frequently Asked Questions

  • When was Michelin founded?

    Michelin was founded in 1889.

  • Who are Michelin key executives?

    Michelin's key executives are Florent Menegaux, Philippe Legrez and Yves Chapot.

  • How many employees does Michelin have?

    Michelin has 117,454 employees.

  • What is Michelin revenue?

    Latest Michelin annual revenue is €24.1 b.

  • What is Michelin revenue per employee?

    Latest Michelin revenue per employee is €205.5 k.

  • Who are Michelin competitors?

    Competitors of Michelin include Dorman Products, Goodyear and Bridgestone.

  • Where is Michelin headquarters?

    Michelin headquarters is located at 23 Place des Carmes Dechaux, Clermont-Ferrand.

  • Where are Michelin offices?

    Michelin has offices in Clermont-Ferrand, Greenville, Port Melbourne, Laval and in 21 other locations.

  • How many offices does Michelin have?

    Michelin has 25 offices.