ARCELORMITTAL (MT.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:MT • LU1598757687

54.48 EUR
+1.72 (+3.26%)
Last: Feb 11, 2026, 09:08 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall MT gets a fundamental rating of 4 out of 10. We evaluated MT against 42 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. Profitability

1.1 Basic Checks

  • In the past year MT was profitable.
  • MT had a positive operating cash flow in the past year.
  • MT had positive earnings in 4 of the past 5 years.
  • MT had a positive operating cash flow in 4 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 0 5B 10B 15B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.62%, MT is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • With a Return On Equity value of 4.73%, MT perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
  • With a Return On Invested Capital value of 2.71%, MT perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
  • MT had an Average Return On Invested Capital over the past 3 years of 5.89%. This is in line with the industry average of 7.74%.
Industry RankSector 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%
MT.AS Yearly ROA, ROE, ROICMT.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.23%, MT is in line with its industry, outperforming 52.38% of the companies in the same industry.
  • MT's Profit Margin has declined in the last couple of years.
  • MT has a Operating Margin (5.21%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of MT has grown nicely.
  • MT's Gross Margin of 10.02% is on the low side compared to the rest of the industry. MT is outperformed by 78.57% of its industry peers.
  • In the last couple of years the Gross Margin of MT has grown nicely.
Industry RankSector 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%
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 0 5 10 15 20

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2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MT 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 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 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.
  • With a Debt to FCF ratio value of 323.22, MT perfoms like the industry average, outperforming 42.86% 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 (0.19) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 323.22
Altman-Z N/A
ROIC/WACC0.3
WACC9.15%
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 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 1.39 indicates that MT should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.39, MT is doing worse than 83.33% of the companies in the same industry.
  • A Quick Ratio of 0.58 indicates that MT may have some problems paying its short term obligations.
  • MT's Quick ratio of 0.58 is on the low side compared to the rest of the industry. MT is outperformed by 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 1.39
Quick Ratio 0.58
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

4

3. Growth

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.
  • Measured over the past years, MT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -29.57% on average per year.
EPS 1Y (TTM)30.61%
EPS 3Y-29.57%
EPS 5YN/A
EPS Q2Q%65.38%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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 2.60% yearly.
EPS Next Y31.47%
EPS Next 2Y26.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.9%
Revenue Next 2Y5.26%
Revenue Next 3Y3.76%
Revenue Next 5Y2.6%

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.
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. Valuation

4.1 Price/Earnings Ratio

  • MT is valuated correctly with a Price/Earnings ratio of 16.87.
  • MT's Price/Earnings ratio is rather cheap when compared to the industry. MT is cheaper than 80.95% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MT to the average of the S&P500 Index (28.03), we can say MT is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 12.83 indicates a correct valuation of MT.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MT indicates a rather cheap valuation: MT is cheaper than 88.10% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.97, MT is valued rather cheaply.
Industry RankSector Rank
PE 16.87
Fwd PE 12.83
MT.AS Price Earnings VS Forward Price EarningsMT.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • MT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MT is cheaper than 69.05% of the companies in the same industry.
  • MT's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 1090.98
EV/EBITDA 9.25
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 26.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y26.02%
EPS Next 3YN/A

More info and screens

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

4

5. Dividend

5.1 Amount

  • MT has a Yearly Dividend Yield of 1.04%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.66, MT pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 1.04, MT pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.04%

5.2 History

  • The dividend of MT is nicely growing with an annual growth rate of 37.57%!
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

  • 15.59% 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.
DP15.59%
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 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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ARCELORMITTAL

AMS:MT (2/11/2026, 9:08:12 AM)

54.48

+1.72 (+3.26%)

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 Cap42.22B
Revenue(TTM)N/A
Net Income(TTM)2.58B
Analysts77.69
Price Target43.32 (-20.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.04%
Yearly Dividend0.41
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)17.72%
PT rev (3m)26.77%
EPS NQ rev (1m)-19.06%
EPS NQ rev (3m)-25.06%
EPS NY rev (1m)2.71%
EPS NY rev (3m)-1.87%
Revenue NQ rev (1m)0.38%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.07%
Valuation
Industry RankSector Rank
PE 16.87
Fwd PE 12.83
P/S 0.82
P/FCF 1090.98
P/OCF 11.76
P/B 0.92
P/tB 1.01
EV/EBITDA 9.25
EPS(TTM)3.23
EY5.93%
EPS(NY)4.25
Fwd EY7.8%
FCF(TTM)0.05
FCFY0.09%
OCF(TTM)4.63
OCFY8.51%
SpS66.32
BVpS59.28
TBVpS53.7
PEG (NY)0.54
PEG (5Y)N/A
Graham Number65.63
Profitability
Industry RankSector 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 RankSector 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
WACC9.15%
ROIC/WACC0.3
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)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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.75%
Revenue Next Year7.9%
Revenue Next 2Y5.26%
Revenue Next 3Y3.76%
Revenue Next 5Y2.6%
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 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 16.87 and the Price/Book (PB) ratio is 0.92.


Is the dividend of ARCELORMITTAL sustainable?

The dividend rating of ARCELORMITTAL (MT.AS) is 4 / 10 and the dividend payout ratio is 15.59%.