Update shared on 18 Nov 2025
Fair value Increased 6.85%Analysts have raised their price target for ArcelorMittal from $34.44 to $36.80, citing modest improvements in profit margin projections and updated valuation assumptions.
What's in the News
- ArcelorMittal completed a share buyback of 2,000,000 shares for €59.55 million, representing 0.26% of shares under the program announced in April 2025 (Key Developments).
- The company reported third quarter 2025 results with crude steel production of 13.6 Mt, down from 14.8 Mt year-on-year. Steel shipments rose to 13.6 Mt from 13.4 Mt, and total group iron ore production increased to 12.1 Mt from 10.1 Mt (Key Developments).
- For the nine months ended September 30, 2025, group iron ore production reached 35.7 Mt, up from 29.8 Mt in the previous year. Iron ore shipments from AMMC and Liberia increased to 26.1 Mt from 18.8 Mt (Key Developments).
- Metinvest has filed to acquire the tube plant AMTP Iasi from ArcelorMittal, with the European Commission reviewing the merger proposal (Key Developments).
- ArcelorMittal withdrew from the AMeLi net-zero CO2 lime kiln project joint venture in Dunkirk due to concerns over timely execution and obtaining permits. The project was not expected to impact near or medium-term financial targets (Key Developments).
Valuation Changes
- The consensus analyst price target has risen slightly from €34.44 to €36.80.
- The discount rate has increased moderately from 6.60% to 7.16%.
- The revenue growth projection has declined marginally from 4.44% to 4.05%.
- The net profit margin estimate has improved from 5.61% to 5.76%.
- The future P/E ratio has moved higher from 8.80x to 9.78x.
Disclaimer
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