What is the intrinsic value of ML.PA?

As of 2025-07-11, the Intrinsic Value of Compagnie Generale des Etablissements Michelin SCA (ML.PA) is 44.47 EUR. This ML.PA valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 32.60 EUR, the upside of Compagnie Generale des Etablissements Michelin SCA is 36.40%.

The range of the Intrinsic Value is 32.55 - 70.34 EUR

Is ML.PA undervalued or overvalued?

Based on its market price of 32.60 EUR and our intrinsic valuation, Compagnie Generale des Etablissements Michelin SCA (ML.PA) is undervalued by 36.40%.

	Range	Selected	Upside
a
DCF (Growth 5y)	32.55 - 70.34	44.47	36.4%
DCF (Growth 10y)	35.84 - 71.54	47.20	44.8%
DCF (EBITDA 5y)	30.01 - 39.88	35.18	7.9%
DCF (EBITDA 10y)	33.25 - 44.29	38.76	18.9%
Fair Value	66.74 - 66.74	66.74	104.72%
P/E	28.30 - 33.80	31.77	-2.5%
EV/EBITDA	30.45 - 40.49	33.78	3.6%
EPV	41.11 - 53.96	47.53	45.8%
DDM - Stable	22.28 - 57.17	39.72	21.8%
DDM - Multi	28.03 - 53.11	36.43	11.7%