ARCELORMITTAL (MT.AS) Fundamental Analysis & Valuation

AMS:MT • LU1598757687

Current stock price

44.87 EUR
+0.14 (+0.31%)
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.
  • Each year in the past 5 years MT has 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

  • Looking at the Return On Assets, with a value of 3.23%, MT is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • MT's Return On Equity of 5.79% is in line compared to the rest of the industry. MT outperforms 45.45% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.71%, MT is doing worse than 61.36% of the companies in the same industry.
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

  • MT has a Profit Margin (5.14%) which is in line with its industry peers.
  • 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 43.18% of its industry peers.
  • In the last couple of years the Operating Margin of MT has grown nicely.
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. MT.AS Health Analysis

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.
  • There is no outstanding debt for MT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

  • 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.
  • MT's Debt to FCF ratio of 28.65 is in line compared to the rest of the industry. MT outperforms 47.73% of 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 of 0.20. This is comparable to the rest of the industry: MT outperforms 54.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 28.65
Altman-Z N/A
ROIC/WACC0.29
WACC9.29%
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.
  • The Current ratio of MT (1.36) is worse than 77.27% 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.
  • The Quick ratio of MT (0.53) is worse than 81.82% 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 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

  • 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.
  • MT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -29.57% yearly.
  • The Revenue has decreased by -1.74% in the past year.
  • The Revenue has been growing slightly by 2.87% on average over the past years.
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 21.18% on average per year.
  • Based on estimates for the next years, MT will show a small growth in Revenue. The Revenue will grow by 3.66% on average per year.
EPS Next Y39.91%
EPS Next 2Y32.05%
EPS Next 3Y21.19%
EPS Next 5YN/A
Revenue Next Year8.32%
Revenue Next 2Y6.57%
Revenue Next 3Y4.29%
Revenue Next 5Y3.66%

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 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

  • Based on the Price/Earnings ratio of 13.39, the valuation of MT can be described as correct.
  • Based on the Price/Earnings ratio, MT is valued cheaply inside the industry as 84.09% of the companies are valued more expensively.
  • MT is valuated rather cheaply when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 9.58 indicates a reasonable valuation of MT.
  • Based on the Price/Forward Earnings ratio, MT is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.83, MT is valued rather cheaply.
Industry RankSector Rank
PE 13.39
Fwd PE 9.58
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 77.27% 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 85.27
EV/EBITDA 7.81
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 21.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y32.05%
EPS Next 3Y21.19%

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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 1.09%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.61, MT pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 1.09, MT pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.09%

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

  • 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 2Y32.05%
EPS Next 3Y21.19%
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 (3/16/2026, 5:36:15 PM)

44.87

+0.14 (+0.31%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-05
Earnings (Next)04-30
Inst Owners25.38%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap34.77B
Revenue(TTM)61.35B
Net Income(TTM)3.15B
Analysts80
Price Target50.73 (13.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend0.43
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)17.12%
PT rev (3m)37.87%
EPS NQ rev (1m)-2.41%
EPS NQ rev (3m)-20.3%
EPS NY rev (1m)6.42%
EPS NY rev (3m)7.3%
Revenue NQ rev (1m)-1%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 13.39
Fwd PE 9.58
P/S 0.65
P/FCF 85.27
P/OCF 8.31
P/B 0.73
P/tB 0.81
EV/EBITDA 7.81
EPS(TTM)3.35
EY7.47%
EPS(NY)4.68
Fwd EY10.43%
FCF(TTM)0.53
FCFY1.17%
OCF(TTM)5.4
OCFY12.04%
SpS68.98
BVpS61.24
TBVpS55.33
PEG (NY)0.34
PEG (5Y)N/A
Graham Number67.94
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
WACC9.29%
ROIC/WACC0.29
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 Y39.91%
EPS Next 2Y32.05%
EPS Next 3Y21.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.74%
Revenue growth 3Y-8.41%
Revenue growth 5Y2.87%
Sales Q2Q%1.75%
Revenue Next Year8.32%
Revenue Next 2Y6.57%
Revenue Next 3Y4.29%
Revenue Next 5Y3.66%
EBIT growth 1Y-18.7%
EBIT growth 3Y-36.01%
EBIT growth 5Y41.77%
EBIT Next Year129.48%
EBIT Next 3Y39.77%
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.


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 13.39 and the Price/Book (PB) ratio is 0.73.


Is the dividend of ARCELORMITTAL sustainable?

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