ARCELORMITTAL (MT.AS) Stock Fundamental Analysis

AMS:MT • LU1598757687

53.28 EUR
+1.14 (+2.19%)
Last: Feb 16, 2026, 05:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, MT scores 4 out of 10 in our fundamental rating. MT was compared to 46 industry peers in the Metals & Mining industry. There are concerns on the financial health of MT while its profitability can be described as average. MT has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • MT had positive earnings in the past year.
  • In the past year MT had a positive cash flow from operations.
  • MT had positive earnings in each of the past 5 years.
  • MT had a positive operating cash flow in each of the past 5 years.
MT.AS Yearly Net Income VS EBIT VS OCF VS FCFMT.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

1.2 Ratios

  • MT has a Return On Assets (3.23%) which is comparable to the rest of the industry.
  • MT has a Return On Equity (5.79%) which is in line with its industry peers.
  • MT has a worse Return On Invested Capital (2.71%) than 60.87% of its industry peers.
Industry RankSector Rank
ROA 3.23%
ROE 5.79%
ROIC 2.71%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MT.AS Yearly ROA, ROE, ROICMT.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

1.3 Margins

  • MT has a Profit Margin of 5.14%. This is comparable to the rest of the industry: MT outperforms 58.70% of its industry peers.
  • In the last couple of years the Profit Margin of MT has declined.
  • MT's Operating Margin of 4.83% is in line compared to the rest of the industry. MT outperforms 45.65% of its industry peers.
  • MT's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.83%
PM (TTM) 5.14%
GM N/A
OM growth 3Y-30.13%
OM growth 5Y37.82%
PM growth 3Y-23.88%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MT.AS Yearly Profit, Operating, Gross MarginsMT.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • MT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for MT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MT.AS Yearly Shares OutstandingMT.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
MT.AS Yearly Total Debt VS Total AssetsMT.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.2 Solvency

  • The Debt to FCF ratio of MT is 28.65, which is on the high side as it means it would take MT, 28.65 years of fcf income to pay off all of its debts.
  • MT has a Debt to FCF ratio of 28.65. This is comparable to the rest of the industry: MT outperforms 45.65% of its industry peers.
  • MT has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • MT has a Debt to Equity ratio (0.20) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Altman-Z N/A
ROIC/WACC0.3
WACC9.11%
MT.AS Yearly LT Debt VS Equity VS FCFMT.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 1.36 indicates that MT should not have too much problems paying its short term obligations.
  • The Current ratio of MT (1.36) is worse than 82.61% of its industry peers.
  • A Quick Ratio of 0.53 indicates that MT may have some problems paying its short term obligations.
  • MT's Quick ratio of 0.53 is on the low side compared to the rest of the industry. MT is outperformed by 84.78% of its industry peers.
Industry RankSector Rank
Current Ratio 1.36
Quick Ratio 0.53
MT.AS Yearly Current Assets VS Current LiabilitesMT.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • MT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.61%, which is quite impressive.
  • Measured over the past years, MT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -29.57% on average per year.
  • The Revenue has decreased by -1.74% in the past year.
  • Measured over the past years, MT shows a small growth in Revenue. The Revenue has been growing by 2.87% on average per year.
EPS 1Y (TTM)30.61%
EPS 3Y-29.57%
EPS 5YN/A
EPS Q2Q%65.38%
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%

3.2 Future

  • Based on estimates for the next years, MT will show a very strong growth in Earnings Per Share. The EPS will grow by 26.02% on average per year.
  • MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.78% yearly.
EPS Next Y31.47%
EPS Next 2Y26.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.9%
Revenue Next 2Y5.26%
Revenue Next 3Y3.76%
Revenue Next 5Y2.78%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
MT.AS Yearly Revenue VS EstimatesMT.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B
MT.AS Yearly EPS VS EstimatesMT.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 10

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6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.44, which indicates a correct valuation of MT.
  • MT's Price/Earnings ratio is rather cheap when compared to the industry. MT is cheaper than 80.43% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MT to the average of the S&P500 Index (26.68), we can say MT is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 12.52, MT is valued correctly.
  • Based on the Price/Forward Earnings ratio, MT is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
  • MT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 16.44
Fwd PE 12.52
MT.AS Price Earnings VS Forward Price EarningsMT.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 69.57% of the companies in the same industry are more expensive than MT, based on the Enterprise Value to EBITDA ratio.
  • MT's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 104.66
EV/EBITDA 9.14
MT.AS Per share dataMT.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MT's earnings are expected to grow with 26.02% in the coming years.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y26.02%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • MT has a yearly dividend return of 0.97%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.66, MT has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.84, MT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.97%

5.2 History

  • On average, the dividend of MT grows each year by 37.57%, which is quite nice.
Dividend Growth(5Y)37.57%
Div Incr Years0
Div Non Decr Years0
MT.AS Yearly Dividends per shareMT.AS Yearly Dividends per shareYearly Dividends per share 2021 2024 0.05 0.1 0.15 0.2

5.3 Sustainability

  • MT pays out 13.36% of its income as dividend. This is a sustainable payout ratio.
  • MT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.36%
EPS Next 2Y26.02%
EPS Next 3YN/A
MT.AS Yearly Income VS Free CF VS DividendMT.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B
MT.AS Dividend Payout.MT.AS Dividend Payout, showing the Payout Ratio.MT.AS Dividend Payout.PayoutRetained Earnings

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ARCELORMITTAL

AMS:MT (2/16/2026, 5:29:58 PM)

53.28

+1.14 (+2.19%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-05
Earnings (Next)04-30
Inst Owners24.15%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap41.29B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts79.23
Price Target43.32 (-18.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.97%
Yearly Dividend0.41
Dividend Growth(5Y)37.57%
DP13.36%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)19.07%
Min EPS beat(2)-14.82%
Max EPS beat(2)52.97%
EPS beat(4)2
Avg EPS beat(4)18.13%
Min EPS beat(4)-14.82%
Max EPS beat(4)52.97%
EPS beat(8)4
Avg EPS beat(8)8.11%
EPS beat(12)8
Avg EPS beat(12)27.48%
EPS beat(16)11
Avg EPS beat(16)41.51%
Revenue beat(2)0
Avg Revenue beat(2)-4.24%
Min Revenue beat(2)-6.52%
Max Revenue beat(2)-1.96%
Revenue beat(4)0
Avg Revenue beat(4)-3.57%
Min Revenue beat(4)-6.52%
Max Revenue beat(4)-0.12%
Revenue beat(8)0
Avg Revenue beat(8)-3.68%
Revenue beat(12)1
Avg Revenue beat(12)-3.16%
Revenue beat(16)4
Avg Revenue beat(16)-1.24%
PT rev (1m)17.72%
PT rev (3m)26.77%
EPS NQ rev (1m)-14.7%
EPS NQ rev (3m)-24.28%
EPS NY rev (1m)1.08%
EPS NY rev (3m)5.12%
Revenue NQ rev (1m)-1.22%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.75%
Valuation
Industry RankSector Rank
PE 16.44
Fwd PE 12.52
P/S 0.8
P/FCF 104.66
P/OCF 10.19
P/B 0.9
P/tB 1
EV/EBITDA 9.14
EPS(TTM)3.24
EY6.08%
EPS(NY)4.26
Fwd EY7.99%
FCF(TTM)0.51
FCFY0.96%
OCF(TTM)5.23
OCFY9.81%
SpS66.74
BVpS59.25
TBVpS53.53
PEG (NY)0.52
PEG (5Y)N/A
Graham Number65.72
Profitability
Industry RankSector Rank
ROA 3.23%
ROE 5.79%
ROCE 3.94%
ROIC 2.71%
ROICexc 2.92%
ROICexgc 3.16%
OM 4.83%
PM (TTM) 5.14%
GM N/A
FCFM 0.76%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-30.13%
OM growth 5Y37.82%
PM growth 3Y-23.88%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Debt/EBITDA 1.75
Cap/Depr 137.73%
Cap/Sales 7.07%
Interest Coverage 250
Cash Conversion 78.64%
Profit Quality 14.85%
Current Ratio 1.36
Quick Ratio 0.53
Altman-Z N/A
F-Score7
WACC9.11%
ROIC/WACC0.3
Cap/Depr(3y)156.87%
Cap/Depr(5y)144.85%
Cap/Sales(3y)6.96%
Cap/Sales(5y)5.83%
Profit Quality(3y)126.05%
Profit Quality(5y)99.34%
High Growth Momentum
Growth
EPS 1Y (TTM)30.61%
EPS 3Y-29.57%
EPS 5YN/A
EPS Q2Q%65.38%
EPS Next Y31.47%
EPS Next 2Y26.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%
Revenue Next Year7.9%
Revenue Next 2Y5.26%
Revenue Next 3Y3.76%
Revenue Next 5Y2.78%
EBIT growth 1Y-18.7%
EBIT growth 3Y-36.01%
EBIT growth 5Y41.77%
EBIT Next Year123.21%
EBIT Next 3Y35.8%
EBIT Next 5Y21.17%
FCF growth 1Y4.7%
FCF growth 3Y-58.89%
FCF growth 5Y-22.18%
OCF growth 1Y-0.97%
OCF growth 3Y-22.2%
OCF growth 5Y3.33%

ARCELORMITTAL / MT.AS FAQ

What is the fundamental rating for MT stock?

ChartMill assigns a fundamental rating of 4 / 10 to MT.AS.


What is the valuation status for MT stock?

ChartMill assigns a valuation rating of 6 / 10 to ARCELORMITTAL (MT.AS). This can be considered as Fairly Valued.


How profitable is ARCELORMITTAL (MT.AS) stock?

ARCELORMITTAL (MT.AS) has a profitability rating of 4 / 10.


What are the PE and PB ratios of ARCELORMITTAL (MT.AS) stock?

The Price/Earnings (PE) ratio for ARCELORMITTAL (MT.AS) is 16.44 and the Price/Book (PB) ratio is 0.9.


Is the dividend of ARCELORMITTAL sustainable?

The dividend rating of ARCELORMITTAL (MT.AS) is 4 / 10 and the dividend payout ratio is 13.36%.