ARCELORMITTAL (MT.AS) Fundamental Analysis & Valuation

AMS:MT • LU1598757687

Current stock price

43.51 EUR
-0.98 (-2.2%)
Last:

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

5

1. MT.AS Profitability Analysis

1.1 Basic Checks

  • In the past year MT was profitable.
  • In the past year MT had a positive cash flow from operations.
  • MT had positive earnings in each of the past 5 years.
  • Each year in the past 5 years MT had a positive operating cash flow.
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's Return On Assets of 3.23% is in line compared to the rest of the industry. MT outperforms 53.85% of its industry peers.
  • MT has a Return On Equity of 5.79%. This is comparable to the rest of the industry: MT outperforms 51.28% of its industry peers.
  • MT's Return On Invested Capital of 2.42% is in line compared to the rest of the industry. MT outperforms 41.03% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MT is significantly below the industry average of 8.58%.
Industry RankSector Rank
ROA 3.23%
ROE 5.79%
ROIC 2.42%
ROA(3y)1.9%
ROA(5y)6.41%
ROE(3y)3.4%
ROE(5y)11.63%
ROIC(3y)3.52%
ROIC(5y)7.66%
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 fine compared to the rest of the industry. MT outperforms 61.54% of its industry peers.
  • MT's Profit Margin has declined in the last couple of years.
  • MT's Operating Margin of 4.32% is in line compared to the rest of the industry. MT outperforms 46.15% of its industry peers.
  • In the last couple of years the Operating Margin of MT has grown nicely.
  • MT's Gross Margin of 8.33% is on the low side compared to the rest of the industry. MT is outperformed by 79.49% of its industry peers.
  • In the last couple of years the Gross Margin of MT has grown nicely.
Industry RankSector Rank
OM 4.32%
PM (TTM) 5.14%
GM 8.33%
OM growth 3Y-33.9%
OM growth 5Y33.31%
PM growth 3Y-23.88%
PM growth 5YN/A
GM growth 3Y-21.13%
GM growth 5Y11.82%
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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3

2. MT.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
  • The debt/assets ratio for MT is higher compared to a year ago.
MT.AS Yearly Shares OutstandingMT.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 20B 40B 60B 80B

2.2 Solvency

  • MT has an Altman-Z score of 1.79. This is a bad value and indicates that MT is not financially healthy and even has some risk of bankruptcy.
  • MT's Altman-Z score of 1.79 is on the low side compared to the rest of the industry. MT is outperformed by 64.10% of its industry peers.
  • 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.
  • With a Debt to FCF ratio value of 28.65, MT perfoms like the industry average, outperforming 43.59% of the companies in the same industry.
  • MT has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of MT (0.20) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Altman-Z 1.79
ROIC/WACC0.26
WACC9.4%
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

  • MT has a Current Ratio of 1.36. This is a normal value and indicates that MT is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of MT (1.36) is worse than 76.92% of its industry peers.
  • MT has a Quick Ratio of 1.36. This is a bad value and indicates that MT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of MT (0.53) is worse than 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 2025 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

  • The Earnings Per Share has grown by an impressive 30.61% over the past year.
  • The earnings per share for MT have been decreasing by -29.57% on average. This is quite bad
  • The Revenue has decreased by -1.74% in the past year.
  • The Revenue has been growing slightly by 2.87% on average over the past years.
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

  • MT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.18% yearly.
  • MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.66% yearly.
EPS Next Y39.91%
EPS Next 2Y32.05%
EPS Next 3Y21.19%
EPS Next 5YN/A
Revenue Next Year8.32%
Revenue Next 2Y6.57%
Revenue Next 3Y4.29%
Revenue Next 5Y3.66%

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 accelerating.
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 2028 0 5 10

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6

4. MT.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • MT is valuated correctly with a Price/Earnings ratio of 13.07.
  • Compared to the rest of the industry, the Price/Earnings ratio of MT indicates a rather cheap valuation: MT is cheaper than 82.05% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, MT is valued a bit cheaper.
  • MT is valuated reasonably with a Price/Forward Earnings ratio of 9.34.
  • 79.49% of the companies in the same industry are more expensive than MT, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of MT to the average of the S&P500 Index (22.19), we can say MT is valued rather cheaply.
Industry RankSector Rank
PE 13.07
Fwd PE 9.34
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MT is valued a bit cheaper than 64.10% of the companies in the same industry.
  • MT's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 83.14
EV/EBITDA 8.53
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.
  • MT's earnings are expected to grow with 21.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y32.05%
EPS Next 3Y21.19%

More info and screens

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

4

5. MT.AS Dividend Analysis

5.1 Amount

  • MT has a Yearly Dividend Yield of 1.14%.
  • Compared to an average industry Dividend Yield of 1.77, MT pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.89, MT is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.14%

5.2 History

  • On average, the dividend of MT grows each year by 22.39%, which is quite nice.
Dividend Growth(5Y)22.39%
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 2Y32.05%
EPS Next 3Y21.19%
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

More info and screens

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MT.AS Fundamentals: All Metrics, Ratios and Statistics

ARCELORMITTAL

AMS:MT (3/27/2026, 7:00:00 PM)

43.51

-0.98 (-2.2%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-05
Earnings (Next)04-30
Inst Owners25.38%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap33.72B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts80
Price Target52.92 (21.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.14%
Yearly Dividend0.48
Dividend Growth(5Y)22.39%
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)17.12%
PT rev (3m)37.87%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-20.3%
EPS NY rev (1m)6.42%
EPS NY rev (3m)7.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 13.07
Fwd PE 9.34
P/S 0.63
P/FCF 83.14
P/OCF 8.1
P/B 0.71
P/tB 0.79
EV/EBITDA 8.53
EPS(TTM)3.33
EY7.65%
EPS(NY)4.66
Fwd EY10.7%
FCF(TTM)0.52
FCFY1.2%
OCF(TTM)5.37
OCFY12.35%
SpS68.61
BVpS60.91
TBVpS55.03
PEG (NY)0.33
PEG (5Y)N/A
Graham Number67.55
Profitability
Industry RankSector Rank
ROA 3.23%
ROE 5.79%
ROCE 3.52%
ROIC 2.42%
ROICexc 2.61%
ROICexgc 2.82%
OM 4.32%
PM (TTM) 5.14%
GM 8.33%
FCFM 0.76%
ROA(3y)1.9%
ROA(5y)6.41%
ROE(3y)3.4%
ROE(5y)11.63%
ROIC(3y)3.52%
ROIC(5y)7.66%
ROICexc(3y)3.89%
ROICexc(5y)8.42%
ROICexgc(3y)4.21%
ROICexgc(5y)9.08%
ROCE(3y)5.16%
ROCE(5y)11.28%
ROICexgc growth 3Y-41.59%
ROICexgc growth 5Y30.43%
ROICexc growth 3Y-41.53%
ROICexc growth 5Y30.54%
OM growth 3Y-33.9%
OM growth 5Y33.31%
PM growth 3Y-23.88%
PM growth 5YN/A
GM growth 3Y-21.13%
GM growth 5Y11.82%
F-Score6
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Debt/EBITDA 1.91
Cap/Depr 147.27%
Cap/Sales 7.07%
Interest Coverage 3.2
Cash Conversion 85.88%
Profit Quality 14.85%
Current Ratio 1.36
Quick Ratio 0.53
Altman-Z 1.79
F-Score6
WACC9.4%
ROIC/WACC0.26
Cap/Depr(3y)160.05%
Cap/Depr(5y)146.76%
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 Y39.91%
EPS Next 2Y32.05%
EPS Next 3Y21.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%
Revenue Next Year8.32%
Revenue Next 2Y6.57%
Revenue Next 3Y4.29%
Revenue Next 5Y3.66%
EBIT growth 1Y-27.24%
EBIT growth 3Y-39.46%
EBIT growth 5Y37.13%
EBIT Next Year129.48%
EBIT Next 3Y39.77%
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 Fundamental Analysis FAQ

What is the fundamental rating for MT stock?

ChartMill assigns a fundamental rating of 5 / 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 5 / 10.


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

The Price/Earnings (PE) ratio for ARCELORMITTAL (MT.AS) is 13.07 and the Price/Book (PB) ratio is 0.71.


Is the dividend of ARCELORMITTAL sustainable?

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