Michelin
ML
Real-time Euronext Paris - 07/25 10:51:49 am
116.7EUR
+0.17%

The underlying trend is to the upside

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Jordan Dufee
 

Strategy published on : 07/17/2017 | 09:10

long trade
Stop-loss triggered

Entry price : 122.95€
Target : 135€
Stop-loss : 118€
Potential : 9.8%

Michelin shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company returns high margins, thereby supporting business profitability.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● As regards fundamentals, the enterprise value to sales ratio is at 1.02 for the current period. Therefore, the company is undervalued.

● With a P/E ratio at 13.19 for the current year and 11.7 for next year, earnings multiples are highly attractive compared with competitors.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● The stock is in a well-established, long-term rising trend above the technical support level at 106.15 EUR

Zonebourse.com 2017
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