Logo image of MT.AS

ARCELORMITTAL (MT.AS) Stock Fundamental Analysis

AMS:MT - Euronext Amsterdam - LU1598757687 - Common Stock - Currency: EUR

29.61  +1.02 (+3.57%)

Fundamental Rating

4

MT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 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.


Dividend Valuation Growth Profitability Health

Quickly go to:

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.
Of the past 5 years MT 4 years were 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

1.2 Ratios

The Return On Assets of MT (1.50%) is better than 62.50% of its industry peers.
MT has a Return On Equity (2.72%) which is comparable to the rest of the industry.
MT has a Return On Invested Capital of 3.46%. This is comparable to the rest of the industry: MT outperforms 55.00% of its industry peers.
Industry RankSector Rank
ROA 1.5%
ROE 2.72%
ROIC 3.46%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

1.3 Margins

MT's Profit Margin of 2.14% is in line compared to the rest of the industry. MT outperforms 57.50% of its industry peers.
In the last couple of years the Profit Margin of MT has declined.
With a Operating Margin value of 5.83%, MT perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
MT's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.83%
PM (TTM) 2.14%
GM N/A
OM growth 3Y-35.65%
OM growth 5Y25.94%
PM growth 3Y-52.12%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

More info and screens

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.
MT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MT.AS Yearly Shares OutstandingMT.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B 80B

2.2 Solvency

The Debt to FCF ratio of MT is 25.87, which is on the high side as it means it would take MT, 25.87 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MT (25.87) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.18 indicates that MT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.18, MT is in the better half of the industry, outperforming 77.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 25.87
Altman-Z N/A
ROIC/WACC0.41
WACC8.39%
MT.AS Yearly LT Debt VS Equity VS FCFMT.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B 50B

2.3 Liquidity

A Current Ratio of 1.35 indicates that MT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.35, MT is doing worse than 67.50% of the companies in the same industry.
MT has a Quick Ratio of 1.35. 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 worse Quick ratio (0.59) than 65.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.59
MT.AS Yearly Current Assets VS Current LiabilitesMT.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

More info and screens

3

3. Growth

3.1 Past

The earnings per share for MT have decreased strongly by -48.87% in the last year.
MT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -39.64% yearly.
MT shows a decrease in Revenue. In the last year, the revenue decreased by -8.54%.
The Revenue has been decreasing by -2.43% on average over the past years.
EPS 1Y (TTM)-48.87%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-55.93%
Revenue 1Y (TTM)-8.54%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%1.11%

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 20.23% on average per year.
The Revenue is expected to grow by 1.14% on average over the next years.
EPS Next Y39.5%
EPS Next 2Y32.21%
EPS Next 3Y20.23%
EPS Next 5YN/A
Revenue Next Year-0.65%
Revenue Next 2Y1.45%
Revenue Next 3Y1.38%
Revenue Next 5Y1.14%

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B
MT.AS Yearly EPS VS EstimatesMT.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 5 10

More info and screens

7

4. Valuation

4.1 Price/Earnings Ratio

MT is valuated reasonably with a Price/Earnings ratio of 10.97.
Compared to the rest of the industry, the Price/Earnings ratio of MT indicates a rather cheap valuation: MT is cheaper than 85.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.90. MT is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 7.86 indicates a rather cheap valuation of MT.
87.50% of the companies in the same industry are more expensive than MT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.58. MT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.97
Fwd PE 7.86
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 77.50% of the companies 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 RankSector Rank
P/FCF 61.51
EV/EBITDA 5.1
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 20.23% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y32.21%
EPS Next 3Y20.23%

More info and screens

3

5. Dividend

5.1 Amount

MT has a Yearly Dividend Yield of 1.77%. Purely for dividend investing, there may be better candidates out there.
MT's Dividend Yield is comparable with the industry average which is at 3.49.
Compared to the average S&P500 Dividend Yield of 2.38, MT is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.77%

5.2 History

Dividend Growth(5Y)N/A
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

29.35% of the earnings are spent on dividend by MT. This is a low number and sustainable payout ratio.
DP29.35%
EPS Next 2Y32.21%
EPS Next 3Y20.23%
MT.AS Yearly Income VS Free CF VS DividendMT.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B
MT.AS Dividend Payout.MT.AS Dividend Payout, showing the Payout Ratio.MT.AS Dividend Payout.PayoutRetained Earnings

More info and screens

ARCELORMITTAL

AMS:MT (3/14/2025, 7:00:00 PM)

29.61

+1.02 (+3.57%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-06 2025-02-06/bmo
Earnings (Next)05-02 2025-05-02/bmo
Inst Owners20.82%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap25.25B
Analysts80
Price Target31.54 (6.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.77%
Yearly Dividend0.41
Dividend Growth(5Y)N/A
DP29.35%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.26%
Min EPS beat(2)-12.4%
Max EPS beat(2)11.87%
EPS beat(4)2
Avg EPS beat(4)-1.92%
Min EPS beat(4)-29.23%
Max EPS beat(4)22.07%
EPS beat(8)6
Avg EPS beat(8)32.15%
EPS beat(12)9
Avg EPS beat(12)49.3%
EPS beat(16)12
Avg EPS beat(16)39.4%
Revenue beat(2)0
Avg Revenue beat(2)-3.71%
Min Revenue beat(2)-5.3%
Max Revenue beat(2)-2.12%
Revenue beat(4)0
Avg Revenue beat(4)-3.78%
Min Revenue beat(4)-5.3%
Max Revenue beat(4)-2.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.96%
Revenue beat(12)4
Avg Revenue beat(12)-0.46%
Revenue beat(16)5
Avg Revenue beat(16)-1.32%
PT rev (1m)4.87%
PT rev (3m)5.05%
EPS NQ rev (1m)-0.66%
EPS NQ rev (3m)-12.57%
EPS NY rev (1m)0.59%
EPS NY rev (3m)-6.45%
Revenue NQ rev (1m)-1.61%
Revenue NQ rev (3m)-2.85%
Revenue NY rev (1m)-0.62%
Revenue NY rev (3m)-3.5%
Valuation
Industry RankSector Rank
PE 10.97
Fwd PE 7.86
P/S 0.44
P/FCF 61.51
P/OCF 5.67
P/B 0.56
P/tB 0.61
EV/EBITDA 5.1
EPS(TTM)2.7
EY9.12%
EPS(NY)3.77
Fwd EY12.72%
FCF(TTM)0.48
FCFY1.63%
OCF(TTM)5.22
OCFY17.65%
SpS67.24
BVpS53.01
TBVpS48.21
PEG (NY)0.28
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.5%
ROE 2.72%
ROCE 5.39%
ROIC 3.46%
ROICexc 3.83%
ROICexgc 4.13%
OM 5.83%
PM (TTM) 2.14%
GM N/A
FCFM 0.72%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-35.65%
OM growth 5Y25.94%
PM growth 3Y-52.12%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 25.87
Debt/EBITDA 1.38
Cap/Depr 160.3%
Cap/Sales 7.05%
Interest Coverage 250
Cash Conversion 75.93%
Profit Quality 33.38%
Current Ratio 1.35
Quick Ratio 0.59
Altman-Z N/A
F-Score6
WACC8.39%
ROIC/WACC0.41
Cap/Depr(3y)153.41%
Cap/Depr(5y)132.37%
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)-48.87%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-55.93%
EPS Next Y39.5%
EPS Next 2Y32.21%
EPS Next 3Y20.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.54%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%1.11%
Revenue Next Year-0.65%
Revenue Next 2Y1.45%
Revenue Next 3Y1.38%
Revenue Next 5Y1.14%
EBIT growth 1Y-25.41%
EBIT growth 3Y-39.88%
EBIT growth 5Y22.88%
EBIT Next Year97.14%
EBIT Next 3Y32.8%
EBIT Next 5Y19.22%
FCF growth 1Y-85.26%
FCF growth 3Y-59.84%
FCF growth 5Y-28.87%
OCF growth 1Y-36.53%
OCF growth 3Y-21.18%
OCF growth 5Y-4.24%