ARCELORMITTAL (MT.AS) Stock Fundamental Analysis

AMS:MT • LU1598757687

56.38 EUR
-0.54 (-0.95%)
Last: Feb 26, 2026, 02:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to MT. MT was compared to 40 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 has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year MT was profitable.
  • In the past year MT had a positive cash flow from operations.
  • MT had positive earnings in each of the past 5 years.
  • 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

  • The Return On Assets of MT (3.23%) is comparable to the rest of the industry.
  • MT has a Return On Equity of 5.79%. This is comparable to the rest of the industry: MT outperforms 47.50% of its industry peers.
  • The Return On Invested Capital of MT (2.71%) is worse than 60.00% of its industry peers.
Industry RankSector Rank
ROA 3.23%
ROE 5.79%
ROIC 2.71%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
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

  • Looking at the Profit Margin, with a value of 5.14%, MT is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • MT's Profit Margin has declined in the last couple of years.
  • MT's Operating Margin of 4.83% is in line compared to the rest of the industry. MT outperforms 45.00% of its industry peers.
  • MT's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.83%
PM (TTM) 5.14%
GM N/A
OM growth 3Y-30.13%
OM growth 5Y37.82%
PM growth 3Y-23.88%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
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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2

2. Health

2.1 Basic Checks

  • MT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 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 47.50% 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.
  • MT has a Debt to Equity ratio of 0.20. This is comparable to the rest of the industry: MT outperforms 55.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Altman-Z N/A
ROIC/WACC0.3
WACC9.11%
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: 82.50% of the companies in the same industry are doing better.
  • 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.
  • With a Quick ratio value of 0.53, MT is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
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 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

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.
  • 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 26.02% on average per year.
  • The Revenue is expected to grow by 2.66% on average over the next years.
EPS Next Y31.47%
EPS Next 2Y26.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.49%
Revenue Next 2Y6.41%
Revenue Next 3Y4.32%
Revenue Next 5Y2.66%

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 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 0 5 10

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.29 indicates a rather expensive valuation of MT.
  • Compared to the rest of the industry, the Price/Earnings ratio of MT indicates a somewhat cheap valuation: MT is cheaper than 80.00% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.05. MT is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 13.16, which indicates a correct valuation of MT.
  • MT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MT is cheaper than 80.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.03, MT is valued rather cheaply.
Industry RankSector Rank
PE 17.29
Fwd PE 13.16
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

  • 67.50% of the companies in the same industry are more expensive than MT, based on the Enterprise Value to EBITDA ratio.
  • MT's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 110.02
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.
  • MT's earnings are expected to grow with 26.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.55
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

3

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.93%, MT is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.88, MT has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.93, MT pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.93%

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
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 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 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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ARCELORMITTAL

AMS:MT (2/26/2026, 2:01:16 PM)

56.38

-0.54 (-0.95%)

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 Cap43.69B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts79.23
Price Target43.32 (-23.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.93%
Yearly Dividend0.42
Dividend Growth(5Y)37.57%
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)11.85%
PT rev (3m)21.96%
EPS NQ rev (1m)3.93%
EPS NQ rev (3m)-19.81%
EPS NY rev (1m)0%
EPS NY rev (3m)5.12%
Revenue NQ rev (1m)-1.6%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)1.1%
Revenue NY rev (3m)1.85%
Valuation
Industry RankSector Rank
PE 17.29
Fwd PE 13.16
P/S 0.84
P/FCF 110.02
P/OCF 10.72
P/B 0.95
P/tB 1.05
EV/EBITDA 9.81
EPS(TTM)3.26
EY5.78%
EPS(NY)4.28
Fwd EY7.6%
FCF(TTM)0.51
FCFY0.91%
OCF(TTM)5.26
OCFY9.33%
SpS67.18
BVpS59.64
TBVpS53.89
PEG (NY)0.55
PEG (5Y)N/A
Graham Number66.14
Profitability
Industry RankSector Rank
ROA 3.23%
ROE 5.79%
ROCE 3.94%
ROIC 2.71%
ROICexc 2.92%
ROICexgc 3.16%
OM 4.83%
PM (TTM) 5.14%
GM N/A
FCFM 0.76%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-30.13%
OM growth 5Y37.82%
PM growth 3Y-23.88%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Debt/EBITDA 1.75
Cap/Depr 137.73%
Cap/Sales 7.07%
Interest Coverage 250
Cash Conversion 78.64%
Profit Quality 14.85%
Current Ratio 1.36
Quick Ratio 0.53
Altman-Z N/A
F-Score7
WACC9.11%
ROIC/WACC0.3
Cap/Depr(3y)156.87%
Cap/Depr(5y)144.85%
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 Y31.47%
EPS Next 2Y26.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%
Revenue Next Year8.49%
Revenue Next 2Y6.41%
Revenue Next 3Y4.32%
Revenue Next 5Y2.66%
EBIT growth 1Y-18.7%
EBIT growth 3Y-36.01%
EBIT growth 5Y41.77%
EBIT Next Year123.21%
EBIT Next 3Y35.8%
EBIT Next 5Y21.17%
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 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 17.29 and the Price/Book (PB) ratio is 0.95.


Is the dividend of ARCELORMITTAL sustainable?

The dividend rating of ARCELORMITTAL (MT.AS) is 3 / 10 and the dividend payout ratio is 13.36%.