Michelin

One of the world's leading tyre manufacturers.

Launch date

1889

Employees

Market cap

Enterprise valuation

$32.1b (Public information from Sep 2024)

Clermont-Ferrand Auvergne-Rhône-Alpes (HQ)

http://www.michelin.com/

https://twitter.com/michelintyres https://www.facebook.com/michelinuk https://www.linkedin.com/company/michelin/

Revenues, earnings & profits over time

EUR	2020	2021	2022	2023	2024	2025	2026
Revenues	20.5b	23.8b	28.6b	28.3b	27.8b	28.7b	29.6b
% growth	(15 %)	16 %	20 %	(1 %)	(2 %)	3 %	3 %
EBITDA	3.4b	4.7b	5.0b	5.7b	5.5b	5.7b	6.3b
% EBITDA margin	17 %	20 %	17 %	20 %	20 %	20 %	21 %
Profit	632m	1.8b	2.0b	2.0b	2.4b	2.5b	2.8b
% profit margin	3 %	8 %	7 %	7 %	8 %	9 %	9 %
EV / revenue	1.1x	1.2x	0.8x	0.9x	1.0x	1.0x	0.9x
EV / EBITDA	6.5x	6.1x	4.6x	4.7x	5.2x	4.8x	4.3x
R&D budget	646m	682m	698m	756m	-	-	-
R&D % of revenue	3 %	3 %	2 %	3 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Aug 1987	N/A	N/A	IPO
May 2024*	N/A	€1.0b	Post IPO Debt
Total Funding		-

ACQUISITION by Michelin Apr 2015

ACQUISITION by Michelin May 2015

Lehigh Technologies

ACQUISITION by Michelin Oct 2017

ACQUISITION by Michelin Jan 2016

ACQUISITION by Michelin May 2019

ACQUISITION by Michelin Nov 2019

SmartDrive Systems

ACQUISITION by Omnitracs Sep 2020

ACQUISITION by Michelin May 2019