Michelin Share Price On The Stock Exchange - Live Quotes and Prices

Thinking about investing in Michelin stock? Take a look at this guide to find out everything you need to know.

Michelin is a world-renowned company in the tire industry. Its strength and reputation make its stock one of the most sought-after stocks on the CAC 40. This article will help guide you in your future investment choices.

Introduction to Michelin stock

A little history

Founded in May 1889 by André and Édouard Michelin, the Michelin company began manufacturing and marketing brake pads made of canvas and rubber.

In June 1891, Michelin filed a patent for the very first removable air tires for bicycles.

In 1900, the company published the first Michelin Guide, aimed at travellers. 

In 1916, Michelin produced nearly 3,000 airplanes during the First World War.

In 1946, Michelin filed a patent for revolutionary radial tires.

In 1951, the Compagnie Générale des Établissements Michelina was created.

Since then, the company has constantly evolved and expanded across the world. Michelin is now the world's leading tire manufacturer. It is a Partnership limited by shares managed by its parent company, the Compagnie générale des établissements Michelin.

Michelin's main activities have diversified over time, and now include:

  • The production and marketing of ordinary tires for light vehicles, SUVs, 4x4s and heavy goods vehicles
  • Specialty and related distribution activities such as two-wheeler tires, aircraft tires, agricultural and construction tires and tracks and surface mining tires
  • Publication of maps and travel guides
  • The sale of equipment and services to assist mobility on the road
  • The sale of accessories for cars and cycles, and collectibles

The group owns several brands and products. These include Michelin tires, Michelin Guide, BFGoodrich, Blackcircles.com, Camso, Bookatable, Fenner, Euromaster, Kleber, Levorin, Masternaut, Lehigh Technologies, Restaurantes.Com, Robert ParkerWineAdvocate, NexTraq, Uniroyal, Taurus, Truckfly, Tablet and Teleflow.

Michelin also owns several stakes in other companies such as SymbioFCell, Allopneus, Société africaine des Plantations d'Hévéas SA, and PT Multistrada Arah Sarana Tbk.

The Michelin Group has 68 production sites around the world with more than 121,300 employees.

Michelin Shareholders

Michelin's shareholding is as follows:

  • 27.40 % by French institutional investors
  • 04.80 % by BlackRockInc
  • 04.31 % by the Caisse de Dépôts et Consignations
  • 03.80 % by Mage Invest
  • 03.48 % by CNP Assurances 
  • 01.80 % by the Company Savings Plan 

Michelin's partners

Thanks to its leading position on the market, Michelin is able to support its expansion through partnerships with companies around the world and in multiple sectors.

These include:

  • Major car manufacturers such as Ferrari, Porsche and BMW, with whom the company has collaborated for the past 35 years
  • Automotive suppliers such as Faurecia,
  • Industrial companies, such as Enviro for the large-scale recycling of tires
  • Companies using its products, such as Europcar
  • Technical partners such as Atos, Logia and Accenture 
  • Partner companies in related activities, such as Guestonline

Michelin's competitors

To remain the world leader in the tire industry, Michelin constantly seeks to innovate and improve its production and sales against its competitors. Michelin's main direct competitors in terms of business, products and sales are Bridgestone, GoodYear, Continental, Sumimoto, Pirelli and Yokohama.

Michelin Group Sales

In 2020, Michelin generated sales of 20,562 million euros, compared with 24,135 million in 2019 and 22,028 million in 2018. Michelin thus achieves a net income of 625 M€ in 2020.

Revenues by product and service family can be broken down as follows

  • 75.6% generated by the sale of tires for light vehicles and trucks
  • 24.4% generated by the sale of specialty tires such as machinery and aircraft, as well as other revenues generated by ancillary activities

The geographical breakdown of Michelin's sales is as follows: 34.7% in the Americas, 8.6% in France, 28.7% in Europe, and the remaining 28% in other countries around the world.

Michelin stock market data

Michelin shares are included in the French benchmark CAC40 stock market index. It is listed on Euronext Paris in Compartment A, in the Tire business sector. Michelin's market capitalization is EUR 23,068.29 million. The number of shares available is 178,340,086. 

Factors that can impact Michelin share prices

Michelin is the leader in its sector, with a market share of over 15%. The company is very active in research and development to stay on the cutting edge. It’s worth following technological innovations in the tire market, as they influence Michelin's share price.

The geographical distribution of sales is favorable to dilute risks. Investors greatly appreciate this geo-economic balance, which can help keep the share price stable.

Michelin's share price is not overly influenced by the cost of raw materials, as it produces most of them. This can be reassuring when investing in this stock.

The share price may also be influenced by the evolution of Asian low-cost competitors who are gaining more and more market share, while demand in the US market continues to decline.