ARCELORMITTAL (MT.AS) Fundamental Analysis & Valuation

AMS:MT • LU1598757687

Current stock price

49.275 EUR
-1.02 (-2.04%)
Last:

This MT.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. MT.AS Profitability Analysis

1.1 Basic Checks

  • MT had positive earnings in the past year.
  • MT had a positive operating cash flow in the past year.
  • In the past 5 years MT has always been profitable.
  • Each year in the past 5 years MT had a positive operating cash flow.
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

  • MT's Return On Assets of 3.23% is in line compared to the rest of the industry. MT outperforms 52.63% of its industry peers.
  • Looking at the Return On Equity, with a value of 5.79%, MT is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • The Return On Invested Capital of MT (2.42%) is worse than 60.53% of 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 8.54%.
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

  • The Profit Margin of MT (5.14%) is comparable to the rest of the industry.
  • MT's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 4.32%, MT perfoms like the industry average, outperforming 44.74% of the companies in the same industry.
  • MT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of MT (8.33%) is worse than 81.58% 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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 1.87. 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 worse Altman-Z score (1.87) than 68.42% of its industry peers.
  • MT has a debt to FCF ratio of 28.65. This is a negative value and a sign of low solvency as MT would need 28.65 years to pay back of all of its debts.
  • MT has a Debt to FCF ratio (28.65) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.20 indicates that MT is not too dependend on debt financing.
  • MT has a Debt to Equity ratio (0.20) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Altman-Z 1.87
ROIC/WACC0.25
WACC9.69%
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

  • MT has a Current Ratio of 1.36. This is a normal value and indicates that MT is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.36, MT is not doing good in the industry: 81.58% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.53 indicates that MT may have some problems paying its short term obligations.
  • MT has a Quick ratio of 0.53. This is amonst the worse of the industry: MT underperforms 84.21% of its industry peers.
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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4

3. MT.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 30.61% over the past year.
  • 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.
  • The Revenue has decreased by -1.74% in the past 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

  • MT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.53% yearly.
  • MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.26% yearly.
EPS Next Y35.58%
EPS Next 2Y30.54%
EPS Next 3Y20.23%
EPS Next 5Y13.53%
Revenue Next Year7.47%
Revenue Next 2Y6.2%
Revenue Next 3Y4.18%
Revenue Next 5Y3.26%

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 stable: in the next years the growth will be about the same than in the last years.
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 2029 2030 0 5 10

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6

4. MT.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.07, MT is valued correctly.
  • Based on the Price/Earnings ratio, MT is valued a bit cheaper than the industry average as 78.95% of the companies are valued more expensively.
  • MT's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.15.
  • Based on the Price/Forward Earnings ratio of 11.12, the valuation of MT can be described as reasonable.
  • MT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MT is cheaper than 63.16% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.12, MT is valued a bit cheaper.
Industry RankSector Rank
PE 15.07
Fwd PE 11.12
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

  • 63.16% of the companies in the same industry are more expensive than MT, based on the Enterprise Value to EBITDA ratio.
  • 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 95.87
EV/EBITDA 9.6
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 20.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
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

  • With a yearly dividend of 0.98%, MT is not a good candidate for dividend investing.
  • MT's Dividend Yield is a higher than the industry average which is at 1.51.
  • With a Dividend Yield of 0.98, MT pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.98%

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

  • MT pays out 13.36% of its income as dividend. This is a 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 (4/28/2026, 1:53:17 PM)

49.275

-1.02 (-2.04%)

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 Cap38.19B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts78.46
Price Target55.71 (13.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.98%
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)9.8%
PT rev (3m)43.84%
EPS NQ rev (1m)-18.56%
EPS NQ rev (3m)-15.09%
EPS NY rev (1m)-3.1%
EPS NY rev (3m)3.13%
Revenue NQ rev (1m)-1.16%
Revenue NQ rev (3m)-2.74%
Revenue NY rev (1m)-0.79%
Revenue NY rev (3m)0.15%
Valuation
Industry RankSector Rank
PE 15.07
Fwd PE 11.12
P/S 0.73
P/FCF 95.87
P/OCF 9.34
P/B 0.82
P/tB 0.91
EV/EBITDA 9.6
EPS(TTM)3.27
EY6.64%
EPS(NY)4.43
Fwd EY8.99%
FCF(TTM)0.51
FCFY1.04%
OCF(TTM)5.28
OCFY10.71%
SpS67.38
BVpS59.82
TBVpS54.05
PEG (NY)0.42
PEG (5Y)N/A
Graham Number66.3402 (34.63%)
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 1.87
F-Score6
WACC9.69%
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 5Y13.53%
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%
Revenue Next Year7.47%
Revenue Next 2Y6.2%
Revenue Next 3Y4.18%
Revenue Next 5Y3.26%
EBIT growth 1Y-27.24%
EBIT growth 3Y-39.46%
EBIT growth 5Y37.13%
EBIT Next Year124.23%
EBIT Next 3Y38.51%
EBIT Next 5Y23.71%
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 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.


Can you provide the profitability details for ARCELORMITTAL?

ARCELORMITTAL (MT.AS) has a profitability rating of 4 / 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%.