If you are one of those people and you have decided to buy Michelin shares, it is important that you know everything about this company, such as how much a Michelin share is worth, how you can buy them and what are their advantages and weaknesses.In that case, we invite you to continue with us and find out if buying a Michelin share is a good option.
It is a French company that specializes in manufacturing tires since 1889, called SCA Compagnie Générale des Etablissements Michelin. Together with its biggest competitor Bridgestone, it is positioned as the largest tire manufacturer in the world.It is headquartered in the city of Clermont-Ferrand in Puy-de-Dome, France. It also has more than 170 factories around the world, several roofing plants in Argentina and Mexico.In conjunction with other tire distributors, Michelin Spain created a management system called Signus, in order to have the capacity to recycle used tires. In addition, the company participates in several categories of automotive competitions, such as the motorcycle world championship and the world rally championship.On the other hand, the company produces guide editions in various categories such as: gastronomic, road and tourist maps. A few years ago, together with another company, it started to develop software to help drivers with GPS included.And as we mentioned at the beginning of this post, Michelin has an icon called Bidenbum, which is made of several white tires.
The company’s market capitalization is worth approximately 19 billion euros. Michelin’s share price can be found on the Euronext Paris market under the A section. Michelin shares belong to the French stock index CAC 40 under the symbol ML. You will also have the possibility to search by the acronym MGDDY for Michelin within the Nasdaq index. There are currently almost 180 million shares outstanding, which provides a dividend yield of approximately 3.5%. Its shareholder base is quite diverse, with a majority of foreign investors, specifically 59%. The remaining 27.4% are French investors, 11.8% are private investors and only 1.8% are employees of the company.This company has won the tire manufacturer of the year award on several occasions. In 2007 it broke the record for the largest tire produced, made under the 59/80R63 model used on a giant dump truck for mining excavation.If you have not yet made the decision to buy Michelin shares, we will show you the advantages and disadvantages of investing in Michelin on the stock market below.Buying Michelin shares: Advantages
Buying Michelin shares: Disadvantages
If you are still not sure how to invest in Michelin we will explain it step by step. The first thing you should know is that there are many ways to do it, but we recommend you to buy through a stock broker. They work online trading with the market of your choice.Some of them are international and others operate from a specific area, the most used worldwide are: eToro, Plus500, IQ Option, Degiro, Interactive Brokers, XTB and TradeStation. We will show you how to buy a Michelin stock using IQ Option just follow the steps explained below: