Michelin stock trades at EUR 33.87 as H1 margins improve
Published on 09/29/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Michelin stock (ISIN FR001400AJ45) was last at EUR 33.87 on Euronext Paris on September 29, 2026, at 9:02 a.m. CEST, up 0.24 percent from the prior close. The share price remains EUR 1.85 below its 52-week high of EUR 35.72, while Michelin's latest half-year figures show operating improvement.
H1 income rises 7 percent
According to Quartr in its September 9, 2026 investor presentation summary, Michelin reported H1 2026 revenue of EUR 12.687 billion and segment operating income of EUR 1.555 billion. Segment operating income was 7 percent higher than in H1 2025, providing a quantified comparison behind the stock's current valuation.
The same summary put EBITDA at 19.1 percent of sales and the group operating margin at 11.4 percent. Revenue grew 0.5 percent at constant exchange rates, while replacement tire sales outperformed and original-equipment volumes remained challenging.
Jefferies keeps EUR 40 target
According to WallstreetONLINE on September 23, 2026, Jefferies kept Michelin at Buy with a EUR 40.00 price target. The target was unchanged from EUR 40.00, and it stands EUR 6.13 above the September 29 price, a gap of 18.10 percent.
Jefferies analyst Michael Aspinall based the view on July tire import data. The report said imports from China fell 70 percent, while European anti-dumping measures favored local production and left lower-priced market segments more exposed to Chinese competition.
October sales date is set
Michelin's investor calendar lists October 20, 2026, for third quarter and nine-month 2026 sales. The company also scheduled a sell-side pre-close call for October 1, 2026, giving investors two dated checkpoints before the next reported sales figures.
Michelin's September 7 employee share ownership announcement set a subscription price of EUR 24.26, equal to a 30 percent discount to the reference price. GlobeNewswire reported that the plan could increase capital by up to 6.8 million shares, with settlement scheduled for October 27, 2026.
Michelin stock stays below yearly high
Michelin stock had a market capitalization of EUR 23.0 billion and volume of 10,806 shares at the September 29, 2026 snapshot. The 52-week range was EUR 25.51 to EUR 35.72, placing the latest price 32.73 percent above the yearly low.
Michelin stock facts
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Trading venue: Euronext Paris
- Price (as of September 29, 2026, 9:02 a.m. CEST): EUR 33.87
- Market capitalization: EUR 23.0 billion (as of September 29, 2026)
- 52-week range: EUR 25.51-EUR 35.72 (as of September 29, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Parts
