Compagnie Générale des Établissements Michelin SCA

Compagnie Générale des Établissements Michelin SCA

Compagnie Générale des Établissements Michelin SCA

Overview
Date Founded

1863

Headquarters

12, cours Sablon,Clermont-Ferrand, Auvergne 6300

Type of Company

Public

Employees (Worldwide)

108K

Industries

Auto Parts & Tires
Plastics & Synthetics

Company Description

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses. Compagnie Générale des Établissements Michelin was founded by Aristide Barbier and Édouard Daubrée on July 15, 1863 and is headquartered in Clermont-Ferrand, France.

Executives & Employees

Chief Executive Officer

General Managing Partner

Non-General Managing Partner

Executive Vice President & Chief Financial Officer

Chief Human Resources Officer

Executive Vice President, Research & Development

Executive Vice President, Sustainable Development, Brands & External Relations

Executive Vice President, Development & Progress

Executive Vice President, Manufacturing

Executive Vice President, Mining, Off Highway, 2 Wheels, Aircraft Business Lines & Americas Regions

Supervisory Board

Chairman at Siparex Associés SA

President at Fondation Jean Monnet Pour L'Europe

Senior Vice President-Finance at Royal Bank Realty, Inc.

Former Chief Operating Officer at Legrand SA

Chief Executive Officer at Arkema SA

Chief Executive Officer & Director at Société Internationale de Télécom Aeronautiques (Switzerland)

Business Services at Capgemini SE

Executive Vice President at Air Liquide Group

Former Secretary at European Works Council

Vice President at Airbus Group, Inc.

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Owners & Shareholders
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Northern Cross focuses exclusively on international large-cap equity investments for institutional and sub-advisory clients in the US and abroad. The firm seeks to invest in the stocks of well established, high quality companies with sustainable market positions and to hold those investments for 8 to 10 years on average. Portfolio managers that are generalists concentrate their research efforts on 325 'watch list' companies around the world. Their fundamental research seeks to identify catalysts for margin expansion, franchise value, absolute p/e beyond typical analysts' horizons and industry structure. Northern Cross looks for secular trends that drive margin expansion and they have deep knowledge of the regional markets. The firm invests in businesses only when they thoroughly understand them. They focus on 60 to 80 long term holdings in the portfolio. Northern Cross will sell a position when a better opportunity is identified, full valuation is achieved or fundamentals significantly change.

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Oddo Meriten AM is an active, conviction-driven manager which invests globally in a variety of asset classes including equity, fixed-income, convertible bonds, money market instruments, alternative assets and private equity. They have special expertise in mid-caps, theme investing, and quantitative equity management and manage a range of strategies including money market, hedge, balanced, active asset allocation, structured products and multimanager. They focus on the French and European markets and specialize in tailoring investment solutions to match client profiles.The firm follows a bottom-up approach based on in-house fundamental research to select stocks and exploit market inefficiencies. The investment process differs for each asset class, within a strategic asset allocation framework. OAM's investment philosophy emphasizes teamwork with autonomy for each team. Their equity and fixed-income teams operate in close relationship, using a combination of quantitative and fundamental analysis.

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DNCA is an active, risk-averse, value-oriented manager which focuses on absolute performance over the long-term. Their investment philosophy emphasizes quality and having a safety margin for all investments, aiming to avoid volatility. Their investment approach is bottom-up and is based on fundamental research.The firm invests in European equity, seeking to invest in undervalued companies that are shareholder conscious and have quality management, sound financials, a strong market position, positive momentum and upside potential. They build concentrated portfolios through a conviction-based stock-picking investment process where they narrow down the investment universe through quantitative screening. Key factors in stock selection are yield and price-to-earnings ratio.Portfolio managers jointly approve investment decisions. Once investments reach their valorization potential they are gradually divested.DNCA's in-house research includes company visits. They outsource supplementary sector-specific research from sector specialists.

Recent Transactions
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Compagnie Générale des Établissements Michelin SCA purchases Camso, Inc. from Desjardins Capital de risque, Inc., Fonds de Solidarité FTQ

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Compagnie Générale des Établissements Michelin SCA purchases Fenner Plc

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Compagnie Générale des Établissements Michelin SCA purchases A.T.U Auto-Teile-Unger Handels GmbH & Co. KG from Mobivia Groupe SA

Transaction Advisors
Investment Advisor

Advised onCompagnie Générale des Établissements Michelin SCA purchases Sascar-Tecnologia e Segurança Automotiva SA from Sascar Participações SA

Accountant

Advised onCompagnie Générale des Établissements Michelin SCA purchases Michelin Siam Group Co. Ltd. from The Siam Cement Public Co. Ltd.

Investment Advisor

Advised onCompagnie Générale des Établissements Michelin SCA purchases Compagnie Financiere du Groupe Michelin

Advisors & Consultants
Legal Advisor

Member (Attorney) at Johnstone Adams Bailey Gordon & Harris LLC

Publicist

Professional at J. Addams & Partners, Inc.

Publicist

Professional at J. Addams & Partners, Inc.

Clients

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments. The Automotive segmeng includes the design, development, manuafcture and sale of electric vehicles. The Energy GEneration and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. The Financial Services segment consists of Ford Credit, which offers automotive financing products to and through automotive dealers. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Key Stats and Financials As of 2017
Market Capitalization
$19B
Total Enterprise Value
$22.5B
Earnings Per Share
$9.39
Revenue
$22B
Net Profit
$1.69B
EBITDA
$4.1B
EBITDAMargin
18.66%
Total Debt
$2.86B
Total Equity
$11.3B
Enterprise Value Sales
1.02x
Enterprise Value EBITDAOperating
5.49x
TEVNet Income
13.31x
Debt TEV
0.13x
Five Year Compounded Annual Growth Rate Of Revenue
0.45%
Three Year Compounded Annual Growth Rate Of Revenue
3.95%
Investments
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Async Technologies Ltd. provides fleet and tire management, CRM management and tire sales solutions and services. The firm offers Tire-Check, a web-based solution that gathers and uploads data to the customer’s Website for the generation of job lists and inspection reports. It serves tire manufacturers, fleet operators, and tire dealers in Europe. The company was founded by Jonathan Brennan and Michael O'Dwyer in 2005 and is headquartered in Clare, Ireland.

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Anvis Netherlands BV operates as a holding company with interests in motor vehicle parts manufacturing. The company is headquartered in Venlo, the Netherlands.

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SmartDrive Systems, Inc. provides driving technology solutions. It specializes in video based safety program and transportation intelligence solutions. The firm serves to the commercial trucking, government, private fleet, distribution, transit bus and rail, utilities, construction, waste and recycling industries. The company was founded by Gregory V. Mauro, Robert J. Hutter and James Plante in 2004 and is headquartered in San Diego, CA.

Suppliers
Cabot Corp. Chemicals | Boston, MA

Founded in 1882, Cabot Corporation is a global performance materials company, headquartered in Boston, Massachusetts. Our primary products are rubber and specialty grade carbon blacks, inkjet colorants, fumed metal oxides, aerogel and cesium formate drilling fluids, among others. Our products are based on technical expertise and innovation in one or more of our three core competencies: making and handling very fine particles; modifying the surfaces of very fine particles to alter their functionality; and designing particles to impart specific properties to a composite. We focus on creating particles with the composition, morphology, surface functionalities, and formulations to support existing and emerging applications for our global business-to-business customer base. Cabot operates 36 manufacturing facilities located in the USA and 20 other countries. During our more than 125 year history, Cabot has earned a reputation for producing high quality materials with an unwavering respect for sustainability and safety.

Cass Information Systems, Inc. IT Consulting & Services | St. Louis, MO

Cass Information Systems, Inc. engages in the provision of payment and information processing services to large manufacturing, distribution and retail enterprises. It operates through the following segments: Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and faith-based ministries. The company was founded in 1982 and is headquartered in St. Louis, MO.

Sodexo SA Other Business & Consulting Services | Issy-les-Moulineaux, IF

Sodexo SA engages in the provision of on-site services, benefits and rewards services, and personal and home care services. It offers integrated solutions which cover a variety of working and living environments and are available in client segments which include corporate, health care, education, defense, remote sites, justice services, seniors, and sports and leisure. Sodexo was founded by Pierre Bellon in 1966 and is headquartered in Issy-les-Moulineaux, France.

Competitors
The Goodyear Tire & Rubber Company Auto Parts & Tires - Akron, Ohio

Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires and related products and services worldwide. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. It operates through the following geographical segments: Americas; Europe, Middle East, and Africa; and Asia Pacific. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

Apollo Tyres Ltd. Auto Parts & Tires - Kochi, KE

Apollo Tyres Ltd. engages in the production and trading of automotive tyres, tubes, and flaps. It operates through the following geographical segments: Asia, Pacific, Middle East, Africa (APMEA); Europe; and Others. The APMEA segment includes manufacture and sales operation through India and entities in UAE, Thailand, Malaysia, and South Africa. The Europe segment comprises manufacture and sales operation through the entities in Europe. The Others segment deals with the sales operation in America and all other corporate entities. The company was founded by Raunaq Singh in 1972 and is headquartered in Gurgaon, India.

Pirelli & C. SpA Auto Parts & Tires - Milan, MI

Pirelli & C. SpA engages in manufacturing and marketing of tyres for motor and industrial vehicles & motorcycles. It operates through the Consumer Business and Industrial Business segments. The Consumer Business segment includes car and motorcycle tyres made for both the original equipment and replacement markets. The Industrial Business segment comprises truck tyres and tyres for agricultural equipment. The company was founded by Giovanni Battista Pirelli on January 28, 1872 and is headquartered in Milan, Italy.