ARCELORMITTAL-NY REGISTERED (MT) Stock Fundamental Analysis
NYSE:MT - New York Stock Exchange, Inc. - US03938L2034 - Currency: USD
Taking everything into account, MT scores 4 out of 10 in our fundamental rating. MT was compared to 154 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 is valued quite cheap, but it does not seem to be growing.
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 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 (1.32%) is better than 62.34% of its industry peers.
With a decent Return On Equity value of 2.36%, MT is doing good in the industry, outperforming 61.69% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.14%, MT is in line with its industry, outperforming 55.84% of the companies in the same industry.
MT had an Average Return On Invested Capital over the past 3 years of 5.89%. This is significantly below the industry average of 11.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.32% | ||
| ROE | 2.36% | ||
| ROIC | 3.14% |
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 better Profit Margin (1.98%) than 66.23% of its industry peers.
In the last couple of years the Profit Margin of MT has declined.
MT's Operating Margin of 5.57% is in line compared to the rest of the industry. MT outperforms 57.79% of its industry peers.
In the last couple of years the Operating Margin of MT has grown nicely.
MT has a Gross Margin (10.04%) which is in line with its industry peers.
In the last couple of years the Gross Margin of MT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.57% | ||
| PM (TTM) | 1.98% | ||
| GM | 10.04% |
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
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.
MT has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MT is higher compared to a year ago.
2.2 Solvency
MT has a debt to FCF ratio of 26.08. This is a negative value and a sign of low solvency as MT would need 26.08 years to pay back of all of its debts.
MT has a Debt to FCF ratio (26.08) which is in line with its industry peers.
MT has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of MT (0.17) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 26.08 | ||
| Altman-Z | N/A |
ROIC/WACC0.38
WACC8.21%
2.3 Liquidity
A Current Ratio of 1.35 indicates that MT should not have too much problems paying its short term obligations.
With a Current ratio value of 1.35, MT is not doing good in the industry: 74.68% of the companies in the same industry are doing better.
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 87.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
MT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.00%.
MT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -39.64% yearly.
The Revenue has decreased by -7.72% in the past year.
Measured over the past years, MT shows a decrease in Revenue. The Revenue has been decreasing by -2.43% on average per year.
EPS 1Y (TTM)-50%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-10.34%
Revenue 1Y (TTM)-7.72%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%-9.11%
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 23.77% on average per year.
MT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.81% yearly.
EPS Next Y32.71%
EPS Next 2Y31.91%
EPS Next 3Y23.77%
EPS Next 5YN/A
Revenue Next Year-3.05%
Revenue Next 2Y0.4%
Revenue Next 3Y0.64%
Revenue Next 5Y0.81%
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
MT is valuated reasonably with a Price/Earnings ratio of 11.07.
91.56% of the companies in the same industry are more expensive than MT, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.21. MT is valued rather cheaply when compared to this.
MT is valuated cheaply with a Price/Forward Earnings ratio of 6.10.
Based on the Price/Forward Earnings ratio, MT is valued cheaper than 90.91% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MT to the average of the S&P500 Index (21.70), we can say MT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.07 | ||
| Fwd PE | 6.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MT is valued cheaply inside the industry as 87.01% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MT is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.63 | ||
| EV/EBITDA | 5.57 |
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 23.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y31.91%
EPS Next 3Y23.77%
5. Dividend
5.1 Amount
MT has a Yearly Dividend Yield of 1.74%. Purely for dividend investing, there may be better candidates out there.
MT's Dividend Yield is a higher than the industry average which is at 2.98.
MT's Dividend Yield is slightly below the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
5.2 History
On average, the dividend of MT grows each year by 37.57%, which is quite nice.
MT has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of MT decreased recently.
Dividend Growth(5Y)37.57%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
MT pays out 32.59% of its income as dividend. This is a sustainable payout ratio.
The dividend of MT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.59%
EPS Next 2Y31.91%
EPS Next 3Y23.77%
31.22
-0.36 (-1.14%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners19.71%
Inst Owner Change0.75%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap26.62B
Analysts79.23
Price Target36.74 (17.68%)
Short Float %1.01%
Short Ratio2.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
Yearly Dividend0.49
Dividend Growth(5Y)37.57%
DP32.59%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.88%
Min EPS beat(2)-12.4%
Max EPS beat(2)46.15%
EPS beat(4)2
Avg EPS beat(4)4.1%
Min EPS beat(4)-29.23%
Max EPS beat(4)46.15%
EPS beat(8)6
Avg EPS beat(8)27.32%
EPS beat(12)9
Avg EPS beat(12)50.54%
EPS beat(16)12
Avg EPS beat(16)41.31%
Revenue beat(2)0
Avg Revenue beat(2)-5.49%
Min Revenue beat(2)-5.69%
Max Revenue beat(2)-5.3%
Revenue beat(4)0
Avg Revenue beat(4)-4.39%
Min Revenue beat(4)-5.69%
Max Revenue beat(4)-2.12%
Revenue beat(8)0
Avg Revenue beat(8)-4.72%
Revenue beat(12)3
Avg Revenue beat(12)-1.27%
Revenue beat(16)5
Avg Revenue beat(16)-1.39%
PT rev (1m)0.92%
PT rev (3m)15.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.07 | ||
| Fwd PE | 6.1 | ||
| P/S | 0.44 | ||
| P/FCF | 57.63 | ||
| P/OCF | 5.79 | ||
| P/B | 0.52 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | 5.57 |
EPS(TTM)2.82
EY9.03%
EPS(NY)5.12
Fwd EY16.38%
FCF(TTM)0.54
FCFY1.74%
OCF(TTM)5.39
OCFY17.27%
SpS71.48
BVpS60.04
TBVpS54.65
PEG (NY)0.34
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.32% | ||
| ROE | 2.36% | ||
| ROCE | 4.89% | ||
| ROIC | 3.14% | ||
| ROICexc | 3.4% | ||
| ROICexgc | 3.66% | ||
| OM | 5.57% | ||
| PM (TTM) | 1.98% | ||
| GM | 10.04% | ||
| FCFM | 0.76% |
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%
ROICexcg growth 3Y-39.58%
ROICexcg 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 Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 26.08 | ||
| Debt/EBITDA | 1.42 | ||
| Cap/Depr | 156.31% | ||
| Cap/Sales | 6.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.11% | ||
| Profit Quality | 38.31% | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | N/A |
F-Score6
WACC8.21%
ROIC/WACC0.38
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)-50%
EPS 3Y-39.64%
EPS 5YN/A
EPS Q2Q%-10.34%
EPS Next Y32.71%
EPS Next 2Y31.91%
EPS Next 3Y23.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.72%
Revenue growth 3Y-6.57%
Revenue growth 5Y-2.43%
Sales Q2Q%-9.11%
Revenue Next Year-3.05%
Revenue Next 2Y0.4%
Revenue Next 3Y0.64%
Revenue Next 5Y0.81%
EBIT growth 1Y-28.72%
EBIT growth 3Y-39.88%
EBIT growth 5Y22.88%
EBIT Next Year89.21%
EBIT Next 3Y30.64%
EBIT Next 5Y21.19%
FCF growth 1Y-91.18%
FCF growth 3Y-59.84%
FCF growth 5Y-28.87%
OCF growth 1Y-49.57%
OCF growth 3Y-21.18%
OCF growth 5Y-4.24%