over the last few weeks i've been building a position in Michelin ($ML (+1,5 %) ), right now holding a ~€6,000 position (you don't see it in my porfotlio because Trade republic is not syncing)
My dividend algorithm classifies it squarely in the 🟢 OPTIMAL QUADRANT.
It is the undisputed global leader, but the market is pricing it like a dying cyclical stock due to temporary EV headwinds and exposure to volatile raw material costs (oil derivatives exacerbated by Middle East tensions).
however, the numbers are solid:
• Current Price: €29.11
• My Calculated Fair Value: €35-€42 (20-44% upside)
• TTM P/E: 12.4x
• Net Debt/EBITDA: 0.63x (a fortress balance sheet)
all while paying a highly secure 4.7% dividend. wish me luck.
