Michelin

Truck OE Rebounds and Polymers Beat, but Volumes Stay Soft

21/10/26 -"Michelin’s Q3 revenue fell short of consensus expectations, despite strong performance in the Polymer division. Underperformance was due to lower-than-expected volumes, although this was ..."

PDF page sample
Pages
56
Language
English
Published on
21/10/26
Download
You may also be interested by these reports :
21/10/26
Michelin’s Q3 revenue fell short of consensus expectations, despite strong performance in the Polymer division. Underperformance was due to ...
19/10/26
Ahead of Volvo’s Q3 results, we have adjusted our estimates to reflect our revised view on the timing of the truck cycle rebound. We have raised our ...
09/10/26
Porsche’s CMD presented a coherent and realistic strategy built on value over volume, exclusivity and personalisation, with a brand that remains ...
09/10/26
Our peer-based valuations (EV/EBITDA, P/E and P/Book) decline, reflecting our lower earnings estimates. The exception is the dividend yield method, ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO