ARCELORMITTAL (MT.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:MT - LU1598757687 - Common Stock
37.09 EUR
+0.68 (+1.87%)
MT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 36 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.
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 each of the past 5 years.
1.2 Ratios
The Return On Assets of MT (2.62%) is comparable to the rest of the industry.
MT has a Return On Equity (4.73%) which is in line with its industry peers.
The Return On Invested Capital of MT (2.71%) is comparable to the rest of the industry.
MT had an Average Return On Invested Capital over the past 3 years of 5.89%. This is below the industry average of 8.06%.
| Industry Rank | Sector 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%
1.3 Margins
MT has a Profit Margin (4.23%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MT has declined.
MT has a Operating Margin of 5.21%. This is comparable to the rest of the industry: MT outperforms 44.44% of its industry peers.
In the last couple of years the Operating Margin of MT has grown nicely.
The Gross Margin of MT (10.02%) is worse than 75.00% of its industry peers.
In the last couple of years the Gross Margin of MT has grown nicely.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MT is destroying value.
Compared to 1 year ago, MT has less shares outstanding
MT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MT has a worse debt to assets ratio.
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.
Looking at the Debt to FCF ratio, with a value of 323.22, MT is in line with its industry, outperforming 47.22% 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 has a Debt to Equity ratio (0.19) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 323.22 | ||
| Altman-Z | N/A |
ROIC/WACC0.33
WACC8.14%
2.3 Liquidity
MT has a Current Ratio of 1.39. This is a normal value and indicates that MT is financially healthy and should not expect problems in meeting its short term obligations.
MT has a Current ratio of 1.39. This is amonst the worse of the industry: MT underperforms 80.56% of its industry peers.
A Quick Ratio of 0.58 indicates that MT may have some problems paying its short term obligations.
MT has a worse Quick ratio (0.58) than 80.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The earnings per share for MT have decreased by -2.78% in the last year.
The earnings per share for MT have been decreasing by -39.64% on average. This is quite bad
Looking at the last year, MT shows a decrease in Revenue. The Revenue has decreased by -1.90% in the last year.
The Revenue has been decreasing by -2.43% on average over the past years.
EPS 1Y (TTM)-2.78%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-1.59%
Revenue 1Y (TTM)-1.9%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%3.03%
3.2 Future
The Earnings Per Share is expected to grow by 23.37% on average over the next years. This is a very strong growth
MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.45% yearly.
EPS Next Y28.22%
EPS Next 2Y27.81%
EPS Next 3Y23.37%
EPS Next 5YN/A
Revenue Next Year-1.77%
Revenue Next 2Y2.6%
Revenue Next 3Y2.6%
Revenue Next 5Y2.45%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 12.24, MT is valued correctly.
MT's Price/Earnings ratio is rather cheap when compared to the industry. MT is cheaper than 80.56% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.98, MT is valued rather cheaply.
MT is valuated reasonably with a Price/Forward Earnings ratio of 8.92.
88.89% 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 (35.79), we can say MT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 8.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MT indicates a somewhat cheap valuation: MT is cheaper than 61.11% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 794.27 | ||
| EV/EBITDA | 7.33 |
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 23.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y27.81%
EPS Next 3Y23.37%
5. Dividend
5.1 Amount
MT has a Yearly Dividend Yield of 1.17%.
Compared to an average industry Dividend Yield of 2.77, MT has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, MT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
5.2 History
On average, the dividend of MT grows each year by 37.57%, which is quite nice.
Dividend Growth(5Y)37.57%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
15.59% 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.
DP15.59%
EPS Next 2Y27.81%
EPS Next 3Y23.37%
AMS:MT (11/26/2025, 5:24:13 PM)
37.09
+0.68 (+1.87%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners21.67%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap31.63B
Revenue(TTM)61.09B
Net Income(TTM)2.58B
Analysts77.69
Price Target35.52 (-4.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
Yearly Dividend0.42
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)10.25%
PT rev (3m)10.8%
EPS NQ rev (1m)-1.82%
EPS NQ rev (3m)-23.3%
EPS NY rev (1m)-4.08%
EPS NY rev (3m)-4.06%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-2.09%
Revenue NY rev (1m)-0.89%
Revenue NY rev (3m)-0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 8.92 | ||
| P/S | 0.6 | ||
| P/FCF | 794.27 | ||
| P/OCF | 8.56 | ||
| P/B | 0.67 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 7.33 |
EPS(TTM)3.03
EY8.17%
EPS(NY)4.16
Fwd EY11.21%
FCF(TTM)0.05
FCFY0.13%
OCF(TTM)4.33
OCFY11.68%
SpS62.02
BVpS55.43
TBVpS50.22
PEG (NY)0.43
PEG (5Y)N/A
Graham Number61.47
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC8.14%
ROIC/WACC0.33
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)-2.78%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-1.59%
EPS Next Y28.22%
EPS Next 2Y27.81%
EPS Next 3Y23.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.9%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%3.03%
Revenue Next Year-1.77%
Revenue Next 2Y2.6%
Revenue Next 3Y2.6%
Revenue Next 5Y2.45%
EBIT growth 1Y-7.9%
EBIT growth 3Y-39.88%
EBIT growth 5Y22.88%
EBIT Next Year76.02%
EBIT Next 3Y30.49%
EBIT Next 5Y18.78%
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.
Can you provide the valuation status for ARCELORMITTAL?
ChartMill assigns a valuation rating of 7 / 10 to ARCELORMITTAL (MT.AS). This can be considered as Undervalued.
How profitable is ARCELORMITTAL (MT.AS) stock?
ARCELORMITTAL (MT.AS) has a profitability rating of 4 / 10.
How financially healthy is ARCELORMITTAL?
The financial health rating of ARCELORMITTAL (MT.AS) is 3 / 10.
What is the expected EPS growth for ARCELORMITTAL (MT.AS) stock?
The Earnings per Share (EPS) of ARCELORMITTAL (MT.AS) is expected to grow by 28.22% in the next year.