ARCELORMITTAL (MT.AS) Fundamental Analysis & Valuation

AMS:MT • LU1598757687

50.38 EUR
-4.16 (-7.63%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This MT.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall MT gets a fundamental rating of 4 out of 10. We evaluated MT against 39 industry peers in the Metals & Mining industry. MT has a medium profitability rating, but doesn't score so well on its financial health evaluation. MT is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. MT.AS Profitability Analysis

1.1 Basic Checks

  • MT had positive earnings in the past year.
  • In the past year MT had a positive cash flow from operations.
  • Each year in the past 5 years MT has been profitable.
  • 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 of 3.23%. This is comparable to the rest of the industry: MT outperforms 51.28% of its industry peers.
  • With a Return On Equity value of 5.79%, MT perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 2.71%, MT is doing worse than 61.54% of the companies in the same industry.
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's Profit Margin of 5.14% is in line compared to the rest of the industry. MT outperforms 58.97% of its industry peers.
  • MT's Profit Margin has declined in the last couple of years.
  • MT's Operating Margin of 4.83% is in line compared to the rest of the industry. MT outperforms 43.59% of its industry peers.
  • In the last couple of years the Operating Margin of MT has grown nicely.
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

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2

2. MT.AS Health Analysis

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

  • MT has a debt to FCF ratio of 28.65. This is a negative value and a sign of low solvency as MT would need 28.65 years to pay back of all of its debts.
  • MT's Debt to FCF ratio of 28.65 is in line compared to the rest of the industry. MT outperforms 41.03% of its industry peers.
  • A Debt/Equity ratio of 0.20 indicates that MT is not too dependend on debt financing.
  • MT's Debt to Equity ratio of 0.20 is in line compared to the rest of the industry. MT outperforms 53.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Altman-Z N/A
ROIC/WACC0.31
WACC8.79%
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.
  • Looking at the Current ratio, with a value of 1.36, MT is doing worse than 79.49% of the companies in the same industry.
  • A Quick Ratio of 0.53 indicates that MT may have some problems paying its short term obligations.
  • MT has a Quick ratio of 0.53. This is amonst the worse of the industry: MT underperforms 82.05% 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. MT.AS Growth Analysis

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.
  • MT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -29.57% yearly.
  • MT shows a decrease in Revenue. In the last year, the revenue decreased by -1.74%.
  • MT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.87% yearly.
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 2.66% yearly.
EPS Next Y31.47%
EPS Next 2Y26.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.49%
Revenue Next 2Y6.41%
Revenue Next 3Y4.32%
Revenue Next 5Y2.66%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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. MT.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.36 indicates a correct valuation of MT.
  • Based on the Price/Earnings ratio, MT is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
  • MT's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.83.
  • The Price/Forward Earnings ratio is 11.67, which indicates a very decent valuation of MT.
  • Based on the Price/Forward Earnings ratio, MT is valued cheaply inside the industry as 89.74% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.95. MT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.36
Fwd PE 11.67
MT.AS Price Earnings VS Forward Price EarningsMT.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MT is valued a bit cheaper than 71.79% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as MT.
Industry RankSector Rank
P/FCF 97.59
EV/EBITDA 9.39
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

  • MT's 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)0.49
PEG (5Y)N/A
EPS Next 2Y26.02%
EPS Next 3YN/A

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

4

5. MT.AS Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.91%, MT is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.56, MT pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.91%

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

  • 13.36% of the earnings are spent on dividend by MT. This is a low number and 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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MT.AS Fundamentals: All Metrics, Ratios and Statistics

ARCELORMITTAL

AMS:MT (3/3/2026, 7:00:00 PM)

50.38

-4.16 (-7.63%)

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 Cap39.04B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts79.23
Price Target50.73 (0.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.91%
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)31%
PT rev (3m)42.83%
EPS NQ rev (1m)4.26%
EPS NQ rev (3m)-20.3%
EPS NY rev (1m)0%
EPS NY rev (3m)5.12%
Revenue NQ rev (1m)-1.6%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)1.1%
Revenue NY rev (3m)1.85%
Valuation
Industry RankSector Rank
PE 15.36
Fwd PE 11.67
P/S 0.74
P/FCF 97.59
P/OCF 9.51
P/B 0.84
P/tB 0.93
EV/EBITDA 9.39
EPS(TTM)3.28
EY6.51%
EPS(NY)4.32
Fwd EY8.57%
FCF(TTM)0.52
FCFY1.02%
OCF(TTM)5.3
OCFY10.52%
SpS67.67
BVpS60.08
TBVpS54.28
PEG (NY)0.49
PEG (5Y)N/A
Graham Number66.59
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
WACC8.79%
ROIC/WACC0.31
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 Year8.49%
Revenue Next 2Y6.41%
Revenue Next 3Y4.32%
Revenue Next 5Y2.66%
EBIT growth 1Y-18.7%
EBIT growth 3Y-36.01%
EBIT growth 5Y41.77%
EBIT Next Year127.23%
EBIT Next 3Y39.69%
EBIT Next 5Y20.64%
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 15.36 and the Price/Book (PB) ratio is 0.84.


Is the dividend of ARCELORMITTAL sustainable?

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