ARCELORMITTAL (MT.AS) Fundamental Analysis & Valuation

AMS:MT • LU1598757687

Current stock price

51.16 EUR
-0.62 (-1.2%)
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

  • 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

  • MT has a Return On Assets (3.23%) which is comparable to the rest of the industry.
  • MT has a Return On Equity (5.79%) which is comparable to the rest of the industry.
  • MT has a Return On Invested Capital of 2.42%. This is comparable to the rest of the industry: MT outperforms 40.91% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MT is significantly below the industry average of 8.77%.
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.
  • MT has a Operating Margin (4.32%) which is in line with its industry peers.
  • MT's Operating Margin has improved in the last couple of years.
  • MT has a Gross Margin of 8.33%. This is in the lower half of the industry: MT underperforms 79.55% of its industry peers.
  • In the last couple of years the Gross Margin of MT has grown nicely.
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.
  • MT has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MT has less shares outstanding
  • 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

  • An Altman-Z score of 1.89 indicates that MT is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.89, MT is doing worse than 68.18% of the companies in the same industry.
  • 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.
  • With a Debt to FCF ratio value of 28.65, MT perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • MT has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • 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
WACC9.56%
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: 79.55% 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.
  • Looking at the Quick ratio, with a value of 0.53, MT is doing worse than 84.09% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. MT.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 30.61% over the past year.
  • The earnings per share for MT have been decreasing by -29.57% on average. This is quite bad
  • 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 a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.23% yearly.
  • 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 Year7.47%
Revenue Next 2Y6.2%
Revenue Next 3Y4.18%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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 0 5 10

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6

4. MT.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.60, MT is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of MT indicates a rather cheap valuation: MT is cheaper than 84.09% of the companies listed in the same industry.
  • MT is valuated rather cheaply when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.49, which indicates a very decent valuation of MT.
  • Based on the Price/Forward Earnings ratio, MT is valued a bit cheaper than the industry average as 68.18% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 22.62. MT is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.6
Fwd PE 11.49
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

  • MT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MT is cheaper than 65.91% 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 99.07
EV/EBITDA 9.81
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.
  • A more expensive valuation may be justified as MT's earnings are expected to grow with 20.23% in the coming years.
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 return of 1.00%, which is pretty low.
  • MT's Dividend Yield is a higher than the industry average which is at 1.52.
  • With a Dividend Yield of 1.00, MT pays less dividend than the S&P500 average, which is at 1.81.
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.
  • The dividend of MT is growing, but the earnings are growing slower. 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 (4/24/2026, 1:36:05 PM)

51.16

-0.62 (-1.2%)

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 Cap39.65B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts78.46
Price Target55.71 (8.89%)
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)9.8%
PT rev (3m)43.84%
EPS NQ rev (1m)-18.56%
EPS NQ rev (3m)-32.2%
EPS NY rev (1m)-3.1%
EPS NY rev (3m)4.24%
Revenue NQ rev (1m)-1.16%
Revenue NQ rev (3m)-3.34%
Revenue NY rev (1m)-0.79%
Revenue NY rev (3m)0.15%
Valuation
Industry RankSector Rank
PE 15.6
Fwd PE 11.49
P/S 0.76
P/FCF 99.07
P/OCF 9.65
P/B 0.85
P/tB 0.94
EV/EBITDA 9.81
EPS(TTM)3.28
EY6.41%
EPS(NY)4.45
Fwd EY8.7%
FCF(TTM)0.52
FCFY1.01%
OCF(TTM)5.3
OCFY10.36%
SpS67.7
BVpS60.1
TBVpS54.3
PEG (NY)0.44
PEG (5Y)N/A
Graham Number66.5976 (30.18%)
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
WACC9.56%
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 Year7.47%
Revenue Next 2Y6.2%
Revenue Next 3Y4.18%
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 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%.