Michelin


We have incorporated management's new 2020 share buy-back programme

08/01/20 -"Management announced a new €100m share buy-back programme for 2020. This translates into close to one million shares or about 0.5% of the currently outstanding shares. As the associated interest ..."

Pages
51
Language
English
Published on
08/01/20
You may also be interested by these reports :
17/09/20
We taken a more pessimistic view on our FY20 revenue estimate due to a lower expected demand in the replacement tyre market in FY20. Despite this ...

07/09/20
We have reduced our FY20 revenue estimates due to Valeo’s 85% exposure to the OEMs (expecting a c.20% contraction yoy in global automotive ...

04/09/20
We have incorporated a more pessimistic FY20 revenue expectation (driven by an expected 20% yoy contraction in 2020 global automotive production). ...

03/09/20
We increased our FY20 raw material estimate from 19.5% of revenue to 20% (vs. 21.1% of revenue in FY19). This increase in costs pushed COGS from ...

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