ARCELORMITTAL (MT.AS) Fundamental Analysis & Valuation

AMS:MT • LU1598757687

Current stock price

51.68 EUR
-0.36 (-0.69%)
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.
  • MT had a positive operating cash flow in the past year.
  • In the past 5 years MT has always 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

  • With a Return On Assets value of 3.23%, MT perfoms like the industry average, outperforming 53.49% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 5.79%, MT is in line with its industry, outperforming 51.16% of the companies in the same industry.
  • MT has a Return On Invested Capital (2.42%) which is in line with its industry peers.
  • MT had an Average Return On Invested Capital over the past 3 years of 3.52%. This is significantly below the industry average of 9.17%.
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 has a better Profit Margin (5.14%) than 60.47% 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 48.84% of its industry peers.
  • MT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of MT (8.33%) is worse than 76.74% of its industry peers.
  • MT's Gross Margin has improved in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
  • Compared to 1 year ago, MT has a worse debt to assets ratio.
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 1.89. This is not the best score and indicates that MT is in the grey zone with still only limited risk for bankruptcy at the moment.
  • MT has a Altman-Z score of 1.89. This is in the lower half of the industry: MT underperforms 67.44% 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.
  • The Debt to FCF ratio of MT (28.65) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.20 indicates that MT is not too dependend on debt financing.
  • 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 1.89
ROIC/WACC0.25
WACC9.86%
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.
  • MT has a Current ratio of 1.36. This is in the lower half of the industry: MT underperforms 79.07% 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.
  • Looking at the Quick ratio, with a value of 0.53, MT is doing worse than 81.40% of the companies in the same industry.
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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5

3. MT.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 30.61% over the past year.
  • MT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -29.57% yearly.
  • Looking at the last year, MT shows a decrease in Revenue. The Revenue has decreased by -1.74% in the last year.
  • Measured over the past years, MT shows a small growth in Revenue. The Revenue has been growing by 2.87% on average per year.
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 20.23% on average per year.
  • The Revenue is expected to grow by 3.66% on average over the next years.
EPS Next Y35.58%
EPS Next 2Y30.54%
EPS Next 3Y20.23%
EPS Next 5YN/A
Revenue Next Year8.18%
Revenue Next 2Y6.38%
Revenue Next 3Y4.2%
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

  • A Price/Earnings ratio of 15.76 indicates a correct valuation of MT.
  • MT's Price/Earnings ratio is rather cheap when compared to the industry. MT is cheaper than 83.72% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.18. MT is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 11.63, the valuation of MT can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MT indicates a somewhat cheap valuation: MT is cheaper than 72.09% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 37.96. MT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.76
Fwd PE 11.63
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 60.47% 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 100.22
EV/EBITDA 9.86
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.
  • MT's earnings are expected to grow with 20.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y30.54%
EPS Next 3Y20.23%

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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 1.00%.
  • Compared to an average industry Dividend Yield of 1.57, MT pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 1.00, MT pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1%

5.2 History

  • The dividend of MT is nicely growing with an annual growth rate of 22.39%!
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

  • 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 2Y30.54%
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 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 (4/13/2026, 5:36:15 PM)

51.68

-0.36 (-0.69%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-05
Earnings (Next)04-30
Inst Owners25.92%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap40.05B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts78.46
Price Target53.62 (3.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1%
Yearly Dividend0.47
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)5.69%
PT rev (3m)45.72%
EPS NQ rev (1m)-4.91%
EPS NQ rev (3m)-20.84%
EPS NY rev (1m)-3.1%
EPS NY rev (3m)4.24%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)-2.66%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)0.81%
Valuation
Industry RankSector Rank
PE 15.76
Fwd PE 11.63
P/S 0.76
P/FCF 100.22
P/OCF 9.76
P/B 0.86
P/tB 0.95
EV/EBITDA 9.86
EPS(TTM)3.28
EY6.35%
EPS(NY)4.45
Fwd EY8.6%
FCF(TTM)0.52
FCFY1%
OCF(TTM)5.29
OCFY10.24%
SpS67.6
BVpS60.01
TBVpS54.22
PEG (NY)0.44
PEG (5Y)N/A
Graham Number66.55
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 1.89
F-Score6
WACC9.86%
ROIC/WACC0.25
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 Y35.58%
EPS Next 2Y30.54%
EPS Next 3Y20.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%
Revenue Next Year8.18%
Revenue Next 2Y6.38%
Revenue Next 3Y4.2%
Revenue Next 5Y3.66%
EBIT growth 1Y-27.24%
EBIT growth 3Y-39.46%
EBIT growth 5Y37.13%
EBIT Next Year124.23%
EBIT Next 3Y38.51%
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.


Can you provide the profitability details for ARCELORMITTAL?

ARCELORMITTAL (MT.AS) has a profitability rating of 5 / 10.


Can you provide the financial health for MT stock?

The financial health rating of ARCELORMITTAL (MT.AS) is 3 / 10.


Can you provide the dividend sustainability for MT stock?

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