ARCELORMITTAL (MT.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:MT - LU1598757687 - Common Stock
40.38 EUR
+0.12 (+0.3%)
Taking everything into account, MT scores 4 out of 10 in our fundamental rating. MT was compared to 41 industry peers in the Metals & Mining industry. While MT is still in line with the averages on profitability rating, there are concerns on its financial health. MT is cheap, but on the other hand it scores bad on growth.
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 4 of the past 5 years.
Each year in the past 5 years MT had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.62%, MT perfoms like the industry average, outperforming 51.22% of the companies in the same industry.
MT has a Return On Equity (4.73%) which is in line with its industry peers.
The Return On Invested Capital of MT (2.71%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MT is in line with the industry average of 7.46%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.62% | ||
| ROE | 4.73% | ||
| ROIC | 2.71% |
ROA(3y)4.11%
ROA(5y)5.59%
ROE(3y)7.31%
ROE(5y)10.09%
ROIC(3y)5.89%
ROIC(5y)6.85%
1.3 Margins
MT has a Profit Margin of 4.23%. This is comparable to the rest of the industry: MT outperforms 53.66% of its industry peers.
In the last couple of years the Profit Margin of MT has declined.
MT's Operating Margin of 5.21% is in line compared to the rest of the industry. MT outperforms 46.34% of its industry peers.
MT's Operating Margin has improved in the last couple of years.
The Gross Margin of MT (10.02%) is worse than 80.49% of its industry peers.
MT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.21% | ||
| PM (TTM) | 4.23% | ||
| GM | 10.02% |
OM growth 3Y-35.65%
OM growth 5Y25.94%
PM growth 3Y-52.12%
PM growth 5YN/A
GM growth 3Y-26.65%
GM growth 5Y13.62%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MT is destroying value.
The number of shares outstanding for MT has been reduced compared to 1 year ago.
The number of shares outstanding for MT has been reduced compared to 5 years ago.
Compared to 1 year ago, MT has a worse debt to assets ratio.
2.2 Solvency
MT has a debt to FCF ratio of 323.22. This is a negative value and a sign of low solvency as MT would need 323.22 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 323.22, MT is in line with its industry, outperforming 41.46% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that MT is not too dependend on debt financing.
MT has a Debt to Equity ratio of 0.19. This is comparable to the rest of the industry: MT outperforms 56.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 323.22 | ||
| Altman-Z | N/A |
ROIC/WACC0.32
WACC8.53%
2.3 Liquidity
MT has a Current Ratio of 1.39. This is a normal value and indicates that MT is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.39, MT is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
MT has a Quick Ratio of 1.39. This is a bad value and indicates that MT is not financially healthy enough and could expect problems in meeting its short term obligations.
MT has a Quick ratio of 0.58. This is amonst the worse of the industry: MT underperforms 80.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
MT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.78%.
The earnings per share for MT have been decreasing by -39.64% on average. This is quite bad
The Revenue has decreased by -1.90% in the past year.
Measured over the past years, MT shows a decrease in Revenue. The Revenue has been decreasing by -2.43% on average per year.
EPS 1Y (TTM)-2.78%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-1.59%
Revenue 1Y (TTM)-1.9%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%3.03%
3.2 Future
The Earnings Per Share is expected to grow by 25.00% on average over the next years. This is a very strong growth
MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.09% yearly.
EPS Next Y22.51%
EPS Next 2Y30.34%
EPS Next 3Y25%
EPS Next 5YN/A
Revenue Next Year-1.71%
Revenue Next 2Y2.99%
Revenue Next 3Y2.89%
Revenue Next 5Y2.09%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.46 indicates a correct valuation of MT.
Based on the Price/Earnings ratio, MT is valued cheaper than 85.37% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. MT is valued rather cheaply when compared to this.
MT is valuated reasonably with a Price/Forward Earnings ratio of 9.44.
Based on the Price/Forward Earnings ratio, MT is valued cheaper than 92.68% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.88. MT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.46 | ||
| Fwd PE | 9.44 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MT indicates a somewhat cheap valuation: MT is cheaper than 75.61% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 794.27 | ||
| EV/EBITDA | 7.42 |
4.3 Compensation for Growth
MT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MT's earnings are expected to grow with 25.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.6
PEG (5Y)N/A
EPS Next 2Y30.34%
EPS Next 3Y25%
5. Dividend
5.1 Amount
MT has a Yearly Dividend Yield of 1.10%. Purely for dividend investing, there may be better candidates out there.
MT's Dividend Yield is a higher than the industry average which is at 1.69.
Compared to an average S&P500 Dividend Yield of 1.90, MT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.1% |
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
5.3 Sustainability
MT pays out 15.59% of its income as dividend. This is a sustainable payout ratio.
The dividend of MT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP15.59%
EPS Next 2Y30.34%
EPS Next 3Y25%
AMS:MT (1/9/2026, 7:00:00 PM)
40.38
+0.12 (+0.3%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners24.15%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap31.29B
Revenue(TTM)61.09B
Net Income(TTM)2.58B
Analysts77.69
Price Target36.8 (-8.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.1% |
Yearly Dividend0.42
Dividend Growth(5Y)37.57%
DP15.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.29%
Min EPS beat(2)-14.82%
Max EPS beat(2)-11.77%
EPS beat(4)1
Avg EPS beat(4)1.79%
Min EPS beat(4)-14.82%
Max EPS beat(4)46.15%
EPS beat(8)4
Avg EPS beat(8)20.6%
EPS beat(12)8
Avg EPS beat(12)49.74%
EPS beat(16)11
Avg EPS beat(16)38.52%
Revenue beat(2)0
Avg Revenue beat(2)-1.04%
Min Revenue beat(2)-1.96%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-3.27%
Min Revenue beat(4)-5.69%
Max Revenue beat(4)-0.12%
Revenue beat(8)0
Avg Revenue beat(8)-3.91%
Revenue beat(12)2
Avg Revenue beat(12)-1.88%
Revenue beat(16)5
Avg Revenue beat(16)-0.82%
PT rev (1m)3.6%
PT rev (3m)14.22%
EPS NQ rev (1m)-3.56%
EPS NQ rev (3m)-25.56%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-8.35%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-2.42%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.46 | ||
| Fwd PE | 9.44 | ||
| P/S | 0.6 | ||
| P/FCF | 794.27 | ||
| P/OCF | 8.56 | ||
| P/B | 0.67 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 7.42 |
EPS(TTM)3
EY7.43%
EPS(NY)4.28
Fwd EY10.59%
FCF(TTM)0.05
FCFY0.13%
OCF(TTM)4.72
OCFY11.68%
SpS67.52
BVpS60.35
TBVpS54.67
PEG (NY)0.6
PEG (5Y)N/A
Graham Number63.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.62% | ||
| ROE | 4.73% | ||
| ROCE | 4.23% | ||
| ROIC | 2.71% | ||
| ROICexc | 2.94% | ||
| ROICexgc | 3.17% | ||
| OM | 5.21% | ||
| PM (TTM) | 4.23% | ||
| GM | 10.02% | ||
| FCFM | 0.08% |
ROA(3y)4.11%
ROA(5y)5.59%
ROE(3y)7.31%
ROE(5y)10.09%
ROIC(3y)5.89%
ROIC(5y)6.85%
ROICexc(3y)6.67%
ROICexc(5y)7.53%
ROICexgc(3y)7.22%
ROICexgc(5y)8.13%
ROCE(3y)9.27%
ROCE(5y)10.79%
ROICexgc growth 3Y-39.58%
ROICexgc growth 5Y23.07%
ROICexc growth 3Y-39.61%
ROICexc growth 5Y23.43%
OM growth 3Y-35.65%
OM growth 5Y25.94%
PM growth 3Y-52.12%
PM growth 5YN/A
GM growth 3Y-26.65%
GM growth 5Y13.62%
F-Score6
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 323.22 | ||
| Debt/EBITDA | 1.71 | ||
| Cap/Depr | 142.86% | ||
| Cap/Sales | 6.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.56% | ||
| Profit Quality | 1.78% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | N/A |
F-Score6
WACC8.53%
ROIC/WACC0.32
Cap/Depr(3y)155.77%
Cap/Depr(5y)133.78%
Cap/Sales(3y)6.05%
Cap/Sales(5y)5.33%
Profit Quality(3y)145.24%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.78%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-1.59%
EPS Next Y22.51%
EPS Next 2Y30.34%
EPS Next 3Y25%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.9%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%3.03%
Revenue Next Year-1.71%
Revenue Next 2Y2.99%
Revenue Next 3Y2.89%
Revenue Next 5Y2.09%
EBIT growth 1Y-7.9%
EBIT growth 3Y-39.88%
EBIT growth 5Y22.88%
EBIT Next Year69.53%
EBIT Next 3Y32.11%
EBIT Next 5Y19.8%
FCF growth 1Y-98.6%
FCF growth 3Y-59.84%
FCF growth 5Y-28.87%
OCF growth 1Y-46.31%
OCF growth 3Y-21.18%
OCF growth 5Y-4.24%
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 7 / 10 to ARCELORMITTAL (MT.AS). This can be considered as Undervalued.
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 13.46 and the Price/Book (PB) ratio is 0.67.
Is the dividend of ARCELORMITTAL sustainable?
The dividend rating of ARCELORMITTAL (MT.AS) is 4 / 10 and the dividend payout ratio is 15.59%.