ArcelorMittal S.A.

NYSE:MT Lagerbericht

Marktkapitalisierung: US$51.5b

ArcelorMittal Vergangene Ertragsentwicklung

Vergangenheit Kriterienprüfungen 3/6

ArcelorMittalDie Gewinne des Unternehmens sind mit einer durchschnittlichen jährlichen Rate von -41.1% zurückgegangen, während in der Branche Metals and Mining die Gewinne mit einer durchschnittlichen jährlichen Rate von 8.4% zurückgehen. Die Umsatzerlöse sind rückläufig mit einer durchschnittlichen Rate von 4% pro Jahr. ArcelorMittal Die Eigenkapitalrendite des Unternehmens beträgt 5.2%, und die Nettomargen liegen bei 4.7%.

Wichtige Informationen

-41.05%

Wachstumsrate der Gewinne

-34.31%

EPS-Wachstumsrate

Metals and Mining Wachstum der Industrie26.40%
Wachstumsrate der Einnahmen-3.96%
Eigenkapitalrendite5.25%
Netto-Marge4.71%
Nächste Ertragsaktualisierung30 Jul 2026

Jüngste Aktualisierungen vergangener Leistungen

Recent updates

Seeking Alpha • Jan 13

ArcelorMittal: Outperformance Confirmed 2025, 2026E Is Coming (Rating Downgrade)

Summary ArcelorMittal S.A. has delivered significant outperformance versus the broader index since my position expansion and target upgrade in 2025. My long-term investment thesis for MT remains intact, underpinned by robust operational execution and strategic positioning. I continue to see compelling value in MT, supported by its strong returns and market leadership. Recent performance validates my conviction in MT as a core portfolio holding for sustained upside. Read the full article on Seeking Alpha
Seeking Alpha • Mar 10

Even With Considerable Uncertainty In Steel, ArcelorMittal Looks Too Cheap

Summary ArcelorMittal's strategic shift towards economic returns and shareholder capital returns has continued to drive improved margins and free cash flow, driving share price outperformance versus Nucor and Steel Dynamics. Q4 results showed strong profitability with EBITDA up 14% yoy, driven by significant growth in Brazil and Europe, despite weaker North American performance. 2025 still holds a lot of uncertainties regarding demand in key markets like autos, construction, and machinery, but pricing has been strong, and inventory levels are low. Management is prudently investing in growth projects, while maintaining shareholder returns. Despite uncertainties in the steel market and U.S. tariffs, ArcelorMittal shares appear undervalued, with a fair value range for shares between $37.50 and $44.00. Read the full article on Seeking Alpha
Seeking Alpha • Dec 23

ArcelorMittal: My 2025 Industrial Pick As European Production Wakes Up

Summary ArcelorMittal is poised for recovery in 2025, driven by improved steel prices, a European market rebound, and strategic M&A activities. Despite 2024 challenges, MT's strong cash position, lower debt, and operational efficiencies justify a buy rating with a target price of $27.5. The European construction and automotive sectors are key growth drivers, supported by anticipated ECB rate cuts and increased consumer purchasing power. MT's resilient performance, strategic acquisitions, and shareholder returns make it an attractive investment with over 20% potential ROI by the end of 2025. Read the full article on Seeking Alpha
Seeking Alpha • Nov 24

ArcelorMittal: Low Valuation And Economic Tailwinds Could Lead To A Stock Rebound

Summary ArcelorMittal, a global steel producer, is strategically exiting challenging markets and investing in high-value assets, despite an 11.6% YTD stock decline. Q3 2024 results showed revenue fell 8.5% YoY, but EBITDA exceeded estimates by 15% due to effective cost control. MT stock's low historical multiples and positive earnings revisions suggest a 25% upside potential, supported by macroeconomic tailwinds and shareholder remuneration policies. Analysts maintain a positive outlook with 10 Buy recommendations, and technical indicators signal a potential recovery phase for the stock. Read the full article on Seeking Alpha
Seeking Alpha • Sep 04

ArcelorMittal: Likely Past The Cyclical Low

Summary ArcelorMittal's Q2 2024 EBITDA was $1.5 billion, showing resilience despite lower steel prices; management expects further EBITDA decline in Q3 due to weak demand. Steel prices have likely bottomed, with market corrections and production cuts in China positioning ArcelorMittal for recovery. Strategic capex in Brazil and India is set to drive a 25% EBITDA increase, supporting a positive long-term outlook and potential market rebound. I consider ArcelorMittal shares undervalued, estimating a fair value of $44/share, indicating an 83% upside based on a residual earnings model. Read the full article on Seeking Alpha
Seeking Alpha • Aug 20

ArcelorMittal: Further Upside In Steel, Investing More

Summary Despite macroeconomic challenges, ArcelorMittal's strong fundamentals and growth prospects make it a compelling buy for investors. ArcelorMittal is currently undervalued, presenting a good opportunity for investment with potential for significant upside. Recent financial results show positive growth and strategic investments, indicating a promising future for the company. Read the full article on Seeking Alpha
Seeking Alpha • Jun 01

ArcelorMittal: Market Is Completely Ignoring The Upside

Summary ArcelorMittal is a significant player in the global steel industry, specializing in various sectors and focusing on improving efficiency. The company has shown strong organic growth in EBITDA and is disposing of non-core assets, while acquiring specialty players. Despite slow improvements in the industry and challenges in the Chinese market, ArcelorMittal is expected to drive profitability and has a triple-digit upside potential in the long term. Read the full article on Seeking Alpha
Seeking Alpha • Mar 12

ArcelorMittal: An Even Better Entry Point In Cyclical Steel

Summary ArcelorMittal is one of the most significant global players in the cyclical steel segment. I would characterize it, at the right price, as a must-own sort of investment. I consider the company to be cheap at this time, and view the company as a "BUY" with an attractive PT and upside. The company may need a few years to achieve its targets, but I have no doubt that this is what the company will manage. Read the full article on Seeking Alpha
Seeking Alpha • Dec 13

ArcelorMittal Has Become An Attractive Value Stock

Summary ArcelorMittal was characterized by highly cyclical performance in the past. However, the company has nearly eliminated its interest expense and has greatly reduced its share count thanks to its blowout earnings in the last three years. As a result, it has greatly improved its mid-cycle earnings per share. The company has a cheap valuation, trading at a low multiple of its expected earnings, and has promising growth prospects. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

ArcelorMittal's Intrinsic Value: A Value Investor's Delight

Summary As the second biggest steel manufacturer in the world, ArcelorMittal uses its scale and vertical integrations to grow their top- and bottom-line. Due to macroeconomic uncertainty and volatility in the steel market, steel investments in general require added caution. Due to its strong balance sheet, low debt and decent returns, ArcelorMittal is an undervalued steel buy. Read the full article on Seeking Alpha
Seeking Alpha • Sep 21

ArcelorMittal: A Solid Steel Play, That Simple

Summary ArcelorMittal is a global powerhouse in the steel industry, with a market cap of over $21 billion. MT is well-positioned to capitalize on global trends, such as increased construction expenditures driving steel demand. The company has shown strong financial performance, with declining net debts, increasing shareholder value, and record-breaking earnings in 2021. Read the full article on Seeking Alpha
Seeking Alpha • Jul 14

ArcelorMittal S.A.: Attractive Price Point To Get In At Right Now

Summary ArcelorMittal S.A. has seen growth in steel consumption, leading to increased revenues and earnings, and has bought back a significant amount of shares, reducing shares outstanding by around 12% YoY. The company's Q1 2023 results showed a recovery in steel shipments and volumes, growing 12.7% QoQ, and a QoQ EPS increase from $0.3 in Q4 2022 to $1.28 in Q1 2023. ArcelorMittal is rated a buy due to its strong financial state, aggressive share buybacks are happening to boost investors' value. Read the full article on Seeking Alpha
Seeking Alpha • Jun 13

Global Infrastructure Theme Is Manifested By ArcelorMittal

Summary ArcelorMittal, the second-largest steel manufacturing company globally, has achieved a Q1 EBITDA of $1.82bn and booked ~$1.1bn in net income, driven by its value creation strategy of decarbonization, strategic growth, and capital returns to shareholders. Despite underperforming in the steel industry, MT's strong financials and undervaluation make it a 'buy' recommendation, with a fair value of $30.37, according to a discounted cash flow analysis. Risks and challenges for MT include input cost volatility, rising interest rates diminishing demand, and logistical or geopolitical risks affecting its international presence. Read the full article on Seeking Alpha
Seeking Alpha • Feb 08

ArcelorMittal S.A. Q4 2022 Earnings Preview

ArcelorMittal S.A. (NYSE:MT) is scheduled to announce Q4 earnings results on Thursday, February 9th, before market open. The consensus EPS Estimate is $0.28 and the consensus Revenue Estimate is $14.99B (-28.0% Y/Y). Over the last 1 year, MT has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 2 upward revisions and 1 downward.
Seeking Alpha • Jan 16

ArcelorMittal Should Rebound Post Destocking Cycle Peak

Summary ArcelorMittal S.A.’s financial results in Q3 were affected by spread compression and capacity curtailments. Optimization in production should support free cash flow generation in a subdued demand environment. ArcelorMittal S.A. is currently valued at a significant discount compared to U.S. peers, which opens substantial potential upwards. ArcelorMittal S.A. (MT) is positioned to successfully overcome the peak of the destocking cycle due to the prudent adaption and allocation of production capacity to addressable demand, working capital, and effective cost management. I am bullish on MT, as I believe the company could capture more growth opportunities amid secular trends in the automotive sector and construction recovery once the headwinds weaken their grip and inventory restocking takes place. ArcelorMittal is the world’s second-largest steel producer. Overall, the prospects for steel markets have deteriorated significantly as a result of the global economic slowdown, acceleration of inflation, high energy prices, and war-related disruptions. These led to a collapse in steel production and widespread production capacity idling and stoppages, especially in Europe. For reference, world crude steel production decreased by 3.7% YoY (1 691M mt) in the Jan-Nov 2022 period, with the most prominent decline in UE output, down by 10.1% YoY (127M mt) and CIS region, -19.6% YoY (79M mt; including Ukraine). Steel sector’s activity and outlook Apparently, prospects for steel companies remain gloomy in Europe due to high and volatile energy costs, the looming recession, and waning consumer confidence. However, the steel-using sectors are set to gain momentum in the second half of 2023. Steel-using index (Eurofer) Following the aggressive rebound in steel-using sectors since the removal of lockdown measures, total production activity is increasingly impacted by rising energy costs and supply chain issues starting from the second half of 2021. Russia’s invasion of Ukraine initially affected output only to a limited extent until the second quarter of 2022. However, the landscape for the rest of 2022 deteriorated significantly over the summer as energy prices and production costs surged to unsustainable levels. The rapid deterioration of the global economic indicators, combined with the war-related disruptions is expected to roll over the first half of this year, exhibiting a downside pressure to the steel sectors. The outlook is expected to improve only from the Q2 of 2023 onwards, driven mainly by the automotive and construction sectors. The demand for steel in the automotive industry will be associated with the advance of high-strength steels ((AHSS)) implementation, as the use of advanced alloys ensures lightweighting, optimization of the vehicles’ design, improvement of safety and fuel efficiency. ArcelorMittal produces advanced high-strength steels to supply automotive companies. I believe MT will be able to maintain the above cyclical growth in automotive, as the AHSS segment is fast-growing, and the company has a leading position in it. Additionally, the alloy steel value added products are priced at a premium, which will underpin MT’s profit margins. Infrastructure investments owing to government measures will provide support for steel demand by the construction industry going forward. Following the alleviation of the strict Covid measures in China, the government efforts to boost the real estate market could lead to a turnaround in the world’s largest steel consumer, and exhibit upward pressure on steel prices. Financial results ArcelorMittal reported a 6.2% YoY decrease in total sales to $19 billion in Q3 2022. The decrease was due to the lower overall steel shipments by 7.1% YoY (13.6k mt) and lower iron ore reference price by 36.5% YoY. Segment-wise, all segments except NAFTA (+0.4% YoY) registered sales drop, reflecting weaker demand in Europe (-4.8% YoY) and suppressed ACIS segment (-35.1% YoY). Q3 2022 financial results (company reports) The weak quarterly performance was amplified by higher operating costs (+15.1% YoY) and led to a 56% YoY slump in EBITDA to $2.7 billion. This corresponds to $1.11 per share, compared to $4.16 per share in Q3 2021. 9mo 2022 total sales were up 12.9% YoY to $63 billion following the strong growth in first two quarters. However, input costs pressure brought EBITDA 10.1% short YoY and resulted in a 17.1% YoY decrease in net earnings for the period. Valuation I addressed the valuation of ArcelorMittal by using peer selection. The following table presents my forecasts regarding MT’s total sales and EBITDA for the Q4 and 2022 full year. Forecasts for Q4 and full 2022 year (author’s estimates) The company announced operating curtailments in the fourth quarter in order to optimize energy consumption and bring production in line with lower apparent demand. Thus, for Q4 2022, I assumed a 5.1% YoY decrease in total sales as a result of suppressed macro environmental in Europe, steel spread compression and rapid supply chain destocking. However, I expect NAFTA segment to remain on the positive side, as a result of resilient automotive production output in the region, driven by strong demand for new vehicles in the U.S. With the above assumptions, I estimate the company’s 2022 full-year revenue to grow by 8% YoY and reach $82.7 billion with EBITDA of $15.3 billion, down 21.1% YoY on a margin of 18.5% (-6.8 pp), as a result of input cost pressure. I selected Steel Dynamics (STLD), Cleveland-Cliffs (CLF), U.S. Steel Corporation (X) and Nucor (NUE) as a peer group in order to derive the sector EV/EBITDA forward trading multiple.

Aufschlüsselung der Einnahmen und Ausgaben

Wie ArcelorMittal Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.

Gewinn- und Umsatzhistorie

NYSE:MT Einnahmen, Ausgaben und Erträge (USD Millions)
DatumEinnahmenGewinnAllgemeine und VerwaltungskostenF&E-Ausgaben
31 Mar 2662,0112,9222,9130
31 Dec 2561,3523,1522,9130
30 Sep 2561,0952,5852,395285
30 Jun 2560,6342,4952,412289
31 Mar 2560,9571,2062,6760
31 Dec 2462,4411,3392,6760
30 Sep 2462,279-1,2372,337299
30 Jun 2463,699-5952,414297
31 Mar 2466,0567612,337299
31 Dec 2368,2759192,6400
30 Sep 2370,6144,1462,021286
30 Jun 2372,9734,2102,082283
31 Mar 2376,5096,2732,021286
31 Dec 2279,8449,3022,021286
30 Sep 2283,75913,0863,121424
30 Jun 2285,01316,7142,246238
31 Mar 2282,21416,7962,152270
31 Dec 2176,57114,9562,152270
30 Sep 2169,94912,1182,102245
30 Jun 2162,9867,2362,154287
31 Mar 2154,6192,6722,102245
31 Dec 2053,270-7332,102245
30 Sep 2054,600-3,8222,459301
30 Jun 2057,968-4,1002,263272
31 Mar 2066,271-3,9882,459301
31 Dec 1970,615-2,4542,459301
30 Sep 1973,4286212,528290
30 Jun 1975,3162,0592,386299
31 Mar 1976,0354,3712,528290
31 Dec 1876,0335,1492,528290
30 Sep 1875,4164,9952,444278
30 Jun 1874,5335,3012,588314
31 Mar 1871,7794,7582,444278
31 Dec 1768,6794,5682,444278
30 Sep 1765,0953,9322,398239
30 Jun 1761,9793,4072,437262
31 Mar 1759,4783,1972,398239
31 Dec 1656,7911,7792,398239
30 Sep 1656,646-5,3102,713227
30 Jun 1657,712-6,7012,385332
31 Mar 1659,859-7,6342,713227
31 Dec 1563,578-7,9462,715227
30 Sep 1568,320-2,2293,294259
30 Jun 1572,798-1,4963,281109

Qualität der Erträge: MT hat einen großen einmalig Gewinn von $1.5B verbucht, der sich auf die Finanzergebnisse der letzten 12 Monate bis zum 31st March, 2026 auswirkt.

Wachsende Gewinnspanne: MTDie aktuellen Gewinnspannen (4.7%) sind höher als im letzten Jahr (2%).

Analyse von freiem Cashflow und Gewinn

Analyse des Gewinnwachstums in der Vergangenheit

Ergebnisentwicklung: MTDie Erträge des Unternehmens sind in den letzten 5 Jahren um 41.1% pro Jahr zurückgegangen.

Beschleunigtes Wachstum: MTDas Gewinnwachstum des Unternehmens im letzten Jahr (142.3%) übertrifft seinen 5-Jahres-Durchschnitt (-41.1% pro Jahr).

Erträge im Vergleich zur Industrie: MT Das Gewinnwachstum im vergangenen Jahr (142.3%) übertraf das der Branche Metals and Mining 77.8% .

Eigenkapitalrendite

Hohe Eigenkapitalrendite: MTDie Eigenkapitalrendite des Unternehmens (5.2%) wird als niedrig angesehen.

Kapitalrendite

Rendite auf das eingesetzte Kapital

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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/05/27 20:07
Aktienkurs zum Tagesende2026/05/27 00:00
Gewinne2026/03/31
Jährliche Einnahmen2025/12/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

ArcelorMittal S.A. wird von 44 Analysten beobachtet. 16 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Óscar Rodriguez RoucoBanco de Sabadell. S.A.
Robert JacksonBanco Santander
Vincent LepineBarclays