Analysts have raised their price target for ArcelorMittal from $30.71 to $31.59, citing moderate improvements in expected revenue growth, which offset a slight dip in profit margin forecasts.
What's in the News
- ArcelorMittal has stepped back from its joint venture with SigmaRoc for developing net-zero CO2 lime kilns in Dunkirk, due to concerns over permitting delays. The project was not expected to impact near-term financials (Key Developments).
- The company completed the repurchase of 2,000,000 shares between April and July 2025, totaling €59.55 million. This finalizes the buyback program announced earlier in April 2025 (Key Developments).
- ArcelorMittal reported crude steel production of 14.4 million tonnes and steel shipments of 13.8 million tonnes for the second quarter of 2025. Iron ore production and shipment increased compared to the previous year (Key Developments).
Valuation Changes
- The consensus analyst price target has risen slightly, increasing from €30.71 to €31.59.
- The discount rate has edged up from 6.46% to 6.51%.
- Revenue growth expectations improved modestly, moving from 4.33% to 4.45%.
- The net profit margin forecast has dipped slightly, from 5.60% to 5.49%.
- The future P/E ratio estimate has gone up, rising from 7.96x to 8.39x.
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