ArcelorMittal Future Growth

Future criteria checks 3/6

ArcelorMittal is forecast to grow earnings and revenue by 41.2% and 1.1% per annum respectively. EPS is expected to grow by 29.2% per annum. Return on equity is forecast to be 6.4% in 3 years.

Key information

41.2%

Earnings growth rate

29.2%

EPS growth rate

Metals and Mining earnings growth	20.9%
Revenue growth rate	1.1%
Future return on equity	6.4%
Analyst coverage	Good
Last updated	23 Jul 2024

Recent future growth updates

Recent updates

Some Investors May Be Willing To Look Past ArcelorMittal's (AMS:MT) Soft Earnings

Feb 15

Are Investors Undervaluing ArcelorMittal S.A. (AMS:MT) By 46%?

Jan 01

Is ArcelorMittal (AMS:MT) A Risky Investment?

Dec 11

Estimating The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

Oct 02

These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

Aug 21

ArcelorMittal S.A.'s (AMS:MT) Intrinsic Value Is Potentially 49% Above Its Share Price

Jul 04

Here's Why ArcelorMittal (AMS:MT) Has A Meaningful Debt Burden

May 23

A Look At The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

Apr 05

We Think You Can Look Beyond ArcelorMittal's (AMS:MT) Lackluster Earnings

Feb 17

Calculating The Fair Value Of ArcelorMittal S.A. (AMS:MT)

Jan 05

Earnings and Revenue Growth Forecasts

ENXTAM:MT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	67,771	4,100	1,695	6,636	10
12/31/2025	65,987	3,617	863	5,804	12
12/31/2024	64,289	2,780	1,139	5,685	14
3/31/2024	66,056	761	1,685	6,596	N/A
12/31/2023	68,275	919	3,032	7,645	N/A
9/30/2023	70,614	4,146	3,288	7,951	N/A
6/30/2023	72,973	4,210	4,369	8,651	N/A
3/31/2023	76,509	6,273	5,241	9,118	N/A
12/31/2022	79,844	9,302	6,735	10,203	N/A
9/30/2022	83,759	13,086	7,610	10,723	N/A
6/30/2022	85,013	16,714	8,180	11,184	N/A
3/31/2022	82,214	16,796	8,024	10,942	N/A
12/31/2021	76,571	14,956	6,897	9,905	N/A
9/30/2021	69,949	12,118	4,636	7,167	N/A
6/30/2021	62,986	7,236	4,119	6,495	N/A
3/31/2021	54,619	2,672	2,277	4,485	N/A
12/31/2020	53,270	-733	1,643	4,082	N/A
9/30/2020	54,600	-3,822	3,012	5,598	N/A
6/30/2020	57,968	-4,100	1,149	4,156	N/A
3/31/2020	66,271	-3,988	2,165	5,640	N/A
12/31/2019	70,615	-2,454	2,445	6,017	N/A
9/30/2019	73,428	621	1,342	5,255	N/A
6/30/2019	75,316	2,059	1,808	5,561	N/A
3/31/2019	76,035	4,371	1,507	5,007	N/A
12/31/2018	76,033	5,149	891	4,196	N/A
9/30/2018	75,416	4,995	1,726	4,911	N/A
6/30/2018	74,533	5,301	1,999	5,040	N/A
3/31/2018	71,779	4,758	2,031	5,022	N/A
12/31/2017	68,679	4,568	N/A	4,563	N/A
9/30/2017	65,095	3,932	N/A	3,331	N/A
6/30/2017	61,979	3,407	N/A	3,444	N/A
3/31/2017	59,478	3,197	N/A	3,099	N/A
12/31/2016	56,791	1,779	N/A	2,708	N/A
9/30/2016	56,646	-5,310	N/A	2,629	N/A
6/30/2016	57,712	-6,701	N/A	2,226	N/A
3/31/2016	59,859	-7,634	N/A	2,376	N/A
12/31/2015	63,578	-7,946	N/A	2,151	N/A
9/30/2015	68,320	-2,229	N/A	2,869	N/A
6/30/2015	72,798	-1,496	N/A	2,897	N/A
3/31/2015	76,612	-1,623	N/A	3,426	N/A
12/31/2014	79,282	-1,100	N/A	3,870	N/A
9/30/2014	80,407	-1,415	N/A	4,265	N/A
6/30/2014	79,983	-1,630	N/A	3,316	N/A
3/31/2014	79,476	-2,462	N/A	4,127	N/A
12/31/2013	79,440	-2,602	N/A	4,296	N/A
9/30/2013	78,901	-4,946	N/A	4,541	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MT's forecast earnings growth (41.2% per year) is above the savings rate (0.9%).

Earnings vs Market: MT's earnings (41.2% per year) are forecast to grow faster than the Dutch market (18.2% per year).

High Growth Earnings: MT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MT's revenue (1.1% per year) is forecast to grow slower than the Dutch market (9.9% per year).

High Growth Revenue: MT's revenue (1.1% per year) is forecast to grow slower than 20% 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 (6.4%).

ArcelorMittal Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 11%, revenue downgraded

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 11%

Recent updates

ArcelorMittal (AMS:MT) Has A Somewhat Strained Balance Sheet

Now 23% undervalued after recent price drop

Insufficient new directors

Now 22% undervalued after recent price drop

Some Shareholders Feeling Restless Over ArcelorMittal S.A.'s (AMS:MT) P/S Ratio

New minor risk - Shareholder dilution

First quarter 2024 earnings: EPS exceeds analyst expectations

ArcelorMittal S.A. Approves the Distribution of a Dividend

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 11%

A Look At The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

ArcelorMittal S.A. Announces Stepped Down of Karyn Ovelmen as Chair of the Board’S Audit & Risk Committee, Effective 30 April 2024

These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

ArcelorMittal S.A. Announces Management Changes to ArcelorMittal Mining

ArcelorMittal S.A. (ENXTAM:MT) reached an agreement to acquire 28.4% stake in Vallourec S.A. (ENXTPA:VK) from funds managed by Apollo Global Management, Inc. (NYSE:APO) for approximately €1 billion.

Some Investors May Be Willing To Look Past ArcelorMittal's (AMS:MT) Soft Earnings

Consensus EPS estimates increase by 11%, revenue downgraded

New minor risk - Earnings quality

Full year 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 11%

Are Investors Undervaluing ArcelorMittal S.A. (AMS:MT) By 46%?

Is ArcelorMittal (AMS:MT) A Risky Investment?

ArcelorMittal S.A. to Report Q2, 2024 Results on Aug 01, 2024

ArcelorMittal S.A., Annual General Meeting, Apr 30, 2024

U.S. Steel Reportedly Attracts Five Bidders in Auction

New major risk - Revenue and earnings growth

Adani Unit, ArcelorMittal, JSW Cement Reportedly in Race to Buy Vadraj Cement

Third quarter 2023 earnings: EPS exceeds analyst expectations

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Estimating The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

New major risk - Revenue and earnings growth

These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

ArcelorMittal Reportedly Weighs Possible Bid for US Steel Worth over $7 Billion

ArcelorMittal Reportedly Weighs Possible Bid for US Steel

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS exceeds analyst expectations

ArcelorMittal S.A.'s (AMS:MT) Intrinsic Value Is Potentially 49% Above Its Share Price

TT Iron Steel Company Ltd. signed a sales and purchase agreement to acquire Point Lisas iron and steel plant from ArcelorMittal S.A. (ENXTAM:MT).

Here's Why ArcelorMittal (AMS:MT) Has A Meaningful Debt Burden

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Arcelormittal S.A. Appoints Patricia Barbizet as Directors

Now 23% undervalued after recent price drop

A Look At The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

Executive Chairman of the Board exercised options to buy €2.3m worth of stock.

Consensus EPS estimates increase by 10%

Now 21% undervalued

Consensus EPS estimates increase by 15%

Investor sentiment deteriorates as stock falls 16%

We Think You Can Look Beyond ArcelorMittal's (AMS:MT) Lackluster Earnings

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

ArcelorMittal S.A. Proposes Annual Dividend

Consensus EPS estimates fall by 11%

Calculating The Fair Value Of ArcelorMittal S.A. (AMS:MT)

ArcelorMittal S.A. (ENXTAM:MT) signed an agreement to acquire Zaklad Przerobu Zlomu Zlomex S A.

ArcelorMittall and CIP Reportedly Bid for Iberdrola Assets

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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