Analysts have raised their price target for ArcelorMittal from $31.59 to $33.68, citing a slight improvement in profit margin forecasts and updated valuation assumptions.
What's in the News
- ArcelorMittal announced it will step back from the proposed joint venture with SigmaRoc for developing net-zero CO2 lime kilns in Dunkirk, citing concerns about project execution and permit delays (Key Developments).
- The company completed a share buyback of 2,000,000 shares, representing 0.26% of shares outstanding, at a total cost of €59.55 million between April 7, 2025 and July 31, 2025 (Key Developments).
- For the second quarter of 2025, ArcelorMittal reported crude steel production of 14.4 million tonnes, slightly down from 14.7 million tonnes a year ago. Total iron ore production increased to 11.8 million tonnes from 9.5 million tonnes (Key Developments).
- In the first half of 2025, the company achieved total group iron ore production of 23.6 million tonnes, up from 19.7 million tonnes for the same period last year (Key Developments).
Valuation Changes
- Fair Value Estimate has risen slightly from €31.59 to €33.68.
- Discount Rate increased modestly from 6.51% to 6.54%.
- Revenue Growth forecast edged down marginally from 4.45% to 4.44%.
- Net Profit Margin improved from 5.49% to 5.58%.
- Future P/E ratio climbed from 8.39x to 8.75x.
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