ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||€26.00|
|52 Week High||€10.86|
|52 Week Low||€30.88|
|1 Month Change||-11.60%|
|3 Month Change||-1.46%|
|1 Year Change||127.35%|
|3 Year Change||-2.27%|
|5 Year Change||58.29%|
|Change since IPO||-68.18%|
Recent News & Updates
Does ArcelorMittal (AMS:MT) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|MT||NL Metals and Mining||NL Market|
Return vs Industry: MT exceeded the Dutch Metals and Mining industry which returned 33.1% over the past year.
Return vs Market: MT exceeded the Dutch Market which returned 41.3% over the past year.
Stable Share Price: MT is more volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MT's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Dutch stocks.
About the Company
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company’s principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. Its principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections.
ArcelorMittal Fundamentals Summary
|MT fundamental statistics|
Is MT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MT income statement (TTM)|
|Cost of Revenue||US$51.14b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
|Earnings per share (EPS)||7.68|
|Net Profit Margin||11.49%|
How did MT perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Is ArcelorMittal undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MT (€25.83) is trading below our estimate of fair value (€77.41)
Significantly Below Fair Value: MT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MT is good value based on its PE Ratio (3.9x) compared to the European Metals and Mining industry average (9.7x).
PE vs Market: MT is good value based on its PE Ratio (3.9x) compared to the Dutch market (21.8x).
Price to Earnings Growth Ratio
PEG Ratio: MT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MT is good value based on its PB Ratio (0.6x) compared to the XE Metals and Mining industry average (1.8x).
How is ArcelorMittal forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MT's earnings are forecast to decline over the next 3 years (-47.3% per year).
Earnings vs Market: MT's earnings are forecast to decline over the next 3 years (-47.3% per year).
High Growth Earnings: MT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MT's revenue is expected to decline over the next 3 years (-8.6% per year).
High Growth Revenue: MT's revenue is forecast to decline over the next 3 years (-8.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MT's Return on Equity is forecast to be low in 3 years time (11.6%).
How has ArcelorMittal performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MT has high quality earnings.
Growing Profit Margin: MT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MT has become profitable over the past 5 years, growing earnings by 1.3% per year.
Accelerating Growth: MT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (81.9%).
Return on Equity
High ROE: MT's Return on Equity (16.5%) is considered low.
How is ArcelorMittal's financial position?
Financial Position Analysis
Short Term Liabilities: MT's short term assets ($29.4B) exceed its short term liabilities ($22.9B).
Long Term Liabilities: MT's short term assets ($29.4B) exceed its long term liabilities ($16.2B).
Debt to Equity History and Analysis
Debt Level: MT's debt to equity ratio (18.3%) is considered satisfactory.
Reducing Debt: MT's debt to equity ratio has reduced from 45.5% to 18.3% over the past 5 years.
Debt Coverage: MT's debt is well covered by operating cash flow (76.8%).
Interest Coverage: MT's interest payments on its debt are well covered by EBIT (26.1x coverage).
What is ArcelorMittal current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MT's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.4%).
High Dividend: MT's dividend (0.99%) is low compared to the top 25% of dividend payers in the Dutch market (4.68%).
Stability and Growth of Payments
Stable Dividend: MT's dividend payments have been volatile in the past 10 years.
Growing Dividend: MT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (4.9%), MT's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MT's dividends in 3 years are forecast to be thoroughly covered by earnings (8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Aditya Mittal (44 yo)
Mr. Aditya Mittal serves as Chief Executive Officer at ArcelorMittal since February 11, 2021 and served as its Chief Financial Officer until February 2021. He had been President at ArcelorMittal since Marc...
CEO Compensation Analysis
Compensation vs Market: Aditya's total compensation ($USD3.67M) is about average for companies of similar size in the Dutch market ($USD3.02M).
Compensation vs Earnings: Insufficient data to compare Aditya's compensation with company performance.
Experienced Management: MT's management team is considered experienced (2.2 years average tenure).
Experienced Board: MT's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ArcelorMittal's employee growth, exchange listings and data sources
- Name: ArcelorMittal
- Ticker: MT
- Exchange: ENXTAM
- Founded: 1976
- Industry: Steel
- Sector: Materials
- Market Cap: €24.332b
- Shares outstanding: 942.00m
- Website: https://corporate.arcelormittal.com
Number of Employees
- 24-26, Boulevard d’Avranches
- Luxembourg City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 17:57|
|End of Day Share Price||2021/09/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.