ARCELORMITTAL-NY REGISTERED (MT) Stock Fundamental Analysis
USA - NYSE:MT - US03938L2034
38.78 USD
+0.46 (+1.2%)
38.51 USD
-0.27 (-0.7%)
Taking everything into account, MT scores 4 out of 10 in our fundamental rating. MT was compared to 156 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 bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
MT had positive earnings in the past year.
MT had a positive operating cash flow in the past year.
Of the past 5 years MT 4 years were profitable.
MT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MT has a Return On Assets of 2.52%. This is in the better half of the industry: MT outperforms 66.67% of its industry peers.
MT has a Return On Equity of 4.59%. This is in the better half of the industry: MT outperforms 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.83%, MT is in line with its industry, outperforming 56.41% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MT is significantly below the industry average of 12.18%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.52% | ||
| ROE | 4.59% | ||
| ROIC | 2.83% |
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 better Profit Margin (4.11%) than 69.23% of its industry peers.
In the last couple of years the Profit Margin of MT has declined.
MT has a Operating Margin of 5.46%. This is comparable to the rest of the industry: MT outperforms 57.69% of its industry peers.
In the last couple of years the Operating Margin of MT has grown nicely.
The Gross Margin of MT (10.09%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of MT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.46% | ||
| PM (TTM) | 4.11% | ||
| GM | 10.09% |
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.
Compared to 1 year ago, MT has less shares outstanding
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.
2.2 Solvency
The Debt to FCF ratio of MT is 15.69, which is on the high side as it means it would take MT, 15.69 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 15.69, MT is in line with its industry, outperforming 57.69% of the companies in the same industry.
MT has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
MT's Debt to Equity ratio of 0.19 is in line compared to the rest of the industry. MT outperforms 48.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 15.69 | ||
| Altman-Z | N/A |
ROIC/WACC0.34
WACC8.34%
2.3 Liquidity
A Current Ratio of 1.40 indicates that MT should not have too much problems paying its short term obligations.
MT has a worse Current ratio (1.40) than 74.36% of its industry peers.
A Quick Ratio of 0.59 indicates that MT may have some problems paying its short term obligations.
With a Quick ratio value of 0.59, MT is not doing good in the industry: 87.18% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.4 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The earnings per share for MT have decreased strongly by -13.76% 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.
Looking at the last year, MT shows a decrease in Revenue. The Revenue has decreased by -4.81% in the last year.
The Revenue has been decreasing by -2.43% on average over the past years.
EPS 1Y (TTM)-13.76%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%109.52%
Revenue 1Y (TTM)-4.81%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%-1.99%
3.2 Future
MT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.98% yearly.
MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.46% yearly.
EPS Next Y33.67%
EPS Next 2Y27.82%
EPS Next 3Y23.98%
EPS Next 5YN/A
Revenue Next Year-0.89%
Revenue Next 2Y2.79%
Revenue Next 3Y2.91%
Revenue Next 5Y2.46%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.05 indicates a reasonable valuation of MT.
Based on the Price/Earnings ratio, MT is valued cheaper than 96.79% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.29. MT is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 8.07, which indicates a very decent valuation of MT.
Based on the Price/Forward Earnings ratio, MT is valued cheaper than 95.51% of the companies in the same industry.
MT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.05 | ||
| Fwd PE | 8.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MT is valued cheaply inside the industry as 89.74% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MT indicates a somewhat cheap valuation: MT is cheaper than 72.44% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.8 | ||
| EV/EBITDA | 6.66 |
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 23.98% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y27.82%
EPS Next 3Y23.98%
5. Dividend
5.1 Amount
MT has a Yearly Dividend Yield of 1.38%.
Compared to an average industry Dividend Yield of 2.41, MT pays a better dividend. On top of this MT pays more dividend than 80.13% of the companies listed in the same industry.
With a Dividend Yield of 1.38, MT pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.38% |
5.2 History
On average, the dividend of MT grows each year by 37.57%, which is quite nice.
MT has been paying a dividend for at least 10 years, so it has a reliable track record.
MT has decreased its dividend recently.
Dividend Growth(5Y)37.57%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
16.15% of the earnings are spent on dividend by MT. This is a low number and sustainable payout ratio.
The dividend of MT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP16.15%
EPS Next 2Y27.82%
EPS Next 3Y23.98%
38.78
+0.46 (+1.2%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners21.67%
Inst Owner Change0.02%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap33.07B
Analysts78.46
Price Target37.87 (-2.35%)
Short Float %0.52%
Short Ratio1.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.38% |
Yearly Dividend0.49
Dividend Growth(5Y)37.57%
DP16.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.19%
Min EPS beat(2)-11.77%
Max EPS beat(2)46.15%
EPS beat(4)2
Avg EPS beat(4)8.46%
Min EPS beat(4)-12.4%
Max EPS beat(4)46.15%
EPS beat(8)5
Avg EPS beat(8)22.72%
EPS beat(12)8
Avg EPS beat(12)48.87%
EPS beat(16)11
Avg EPS beat(16)39.37%
Revenue beat(2)0
Avg Revenue beat(2)-2.9%
Min Revenue beat(2)-5.69%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-3.31%
Min Revenue beat(4)-5.69%
Max Revenue beat(4)-0.12%
Revenue beat(8)0
Avg Revenue beat(8)-4.24%
Revenue beat(12)3
Avg Revenue beat(12)-1.09%
Revenue beat(16)5
Avg Revenue beat(16)-1.39%
PT rev (1m)1.98%
PT rev (3m)3.06%
EPS NQ rev (1m)1.55%
EPS NQ rev (3m)-24.67%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.73%
Revenue NQ rev (1m)0.33%
Revenue NQ rev (3m)5.07%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.05 | ||
| Fwd PE | 8.07 | ||
| P/S | 0.55 | ||
| P/FCF | 37.8 | ||
| P/OCF | 6.73 | ||
| P/B | 0.61 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 6.66 |
EPS(TTM)3.51
EY9.05%
EPS(NY)4.8
Fwd EY12.39%
FCF(TTM)1.03
FCFY2.65%
OCF(TTM)5.76
OCFY14.85%
SpS71.1
BVpS63.76
TBVpS57.5
PEG (NY)0.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.52% | ||
| ROE | 4.59% | ||
| ROCE | 4.4% | ||
| ROIC | 2.83% | ||
| ROICexc | 3.05% | ||
| ROICexgc | 3.3% | ||
| OM | 5.46% | ||
| PM (TTM) | 4.11% | ||
| GM | 10.09% | ||
| FCFM | 1.44% |
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%
ROICexcg growth 3Y-39.58%
ROICexcg 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 Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 15.69 | ||
| Debt/EBITDA | 1.7 | ||
| Cap/Depr | 139.11% | ||
| Cap/Sales | 6.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.03% | ||
| Profit Quality | 35.07% | ||
| Current Ratio | 1.4 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | N/A |
F-Score6
WACC8.34%
ROIC/WACC0.34
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)-13.76%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%109.52%
EPS Next Y33.67%
EPS Next 2Y27.82%
EPS Next 3Y23.98%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.81%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%-1.99%
Revenue Next Year-0.89%
Revenue Next 2Y2.79%
Revenue Next 3Y2.91%
Revenue Next 5Y2.46%
EBIT growth 1Y-14.7%
EBIT growth 3Y-39.88%
EBIT growth 5Y22.88%
EBIT Next Year76.02%
EBIT Next 3Y30.49%
EBIT Next 5Y19.34%
FCF growth 1Y-79.97%
FCF growth 3Y-59.84%
FCF growth 5Y-28.87%
OCF growth 1Y-43.22%
OCF growth 3Y-21.18%
OCF growth 5Y-4.24%