ArcelorMittal S.A.

OTCPK:AMSY.F Stock Report

Market Cap: US$19.8b

ArcelorMittal Valuation

Is AMSY.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMSY.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMSY.F ($25.6) is trading below our estimate of fair value ($48.28)

Significantly Below Fair Value: AMSY.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMSY.F?

Key metric: As AMSY.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AMSY.F. This is calculated by dividing AMSY.F's market cap by their current revenue.
What is AMSY.F's PS Ratio?
PS Ratio0.3x
SalesUS$62.28b
Market CapUS$19.84b

Price to Sales Ratio vs Peers

How does AMSY.F's PS Ratio compare to its peers?

The above table shows the PS ratio for AMSY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
STLD Steel Dynamics
1.2x3.5%US$21.2b
RS Reliance
1.2x0.8%US$16.8b
NUE Nucor
1.1x2.7%US$34.5b
X United States Steel
0.5x3.4%US$8.1b
AMSY.F ArcelorMittal
0.3x1.9%US$18.8b

Price-To-Sales vs Peers: AMSY.F is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does AMSY.F's PS Ratio compare vs other companies in the US Metals and Mining Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.3x5.5%
AMSY.F ArcelorMittal
 0.3x1.9%US$19.84b
TX Ternium
0.4x2.8%US$6.71b
CLF Cleveland-Cliffs
0.3x4.1%US$5.45b
AMSY.F 0.3xIndustry Avg. 1.3xNo. of Companies24PS01.63.24.86.48+
25 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.3x21.2%
AMSY.F ArcelorMittal
 0.3x70.5%US$19.84b
No more companies

Price-To-Sales vs Industry: AMSY.F is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Metals and Mining industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is AMSY.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMSY.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AMSY.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AMSY.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$31.73
0%
15.3%US$42.32US$24.67n/a13
Nov ’25n/a
US$31.36
0%
16.3%US$41.61US$22.99n/a13
Oct ’25n/a
US$32.61
0%
13.7%US$42.21US$25.99n/a13
Sep ’25n/a
US$32.23
0%
14.2%US$42.21US$25.99n/a13
Aug ’25US$21.50
US$32.12
+49.4%
13.9%US$41.44US$25.99n/a13
Jul ’25n/a
US$33.68
0%
13.1%US$43.43US$28.01n/a13
Jun ’25n/a
US$34.26
0%
13.5%US$43.43US$28.01n/a13
May ’25n/a
US$34.18
0%
13.3%US$42.67US$27.73n/a12
Apr ’25US$27.60
US$34.55
+25.2%
13.4%US$43.71US$29.45n/a13
Mar ’25n/a
US$34.38
0%
13.1%US$43.22US$29.45n/a13
Feb ’25n/a
US$33.93
0%
13.3%US$43.22US$27.21n/a13
Jan ’25US$28.73
US$33.86
+17.9%
14.1%US$43.95US$26.88n/a13
Dec ’24US$24.94
US$32.31
+29.5%
18.5%US$43.95US$21.43n/a12
Nov ’24n/a
US$32.77
0%
18.8%US$42.69US$21.22n/a12
Oct ’24n/a
US$35.15
0%
14.4%US$43.55US$25.04n/a12
Sep ’24US$26.20
US$35.96
+37.3%
14.0%US$43.55US$25.56n/a12
Aug ’24n/a
US$36.06
0%
14.1%US$43.96US$25.90US$21.5012
Jul ’24n/a
US$36.88
0%
13.5%US$43.55US$27.55n/a12
Jun ’24US$26.05
US$37.93
+45.6%
16.8%US$53.37US$27.55n/a13
May ’24US$27.00
US$37.93
+40.5%
16.8%US$53.53US$27.46n/a13
Apr ’24US$29.49
US$37.90
+28.5%
15.8%US$52.03US$27.26US$27.6013
Mar ’24US$29.98
US$38.09
+27.1%
16.8%US$52.03US$27.79n/a12
Feb ’24n/a
US$37.15
0%
18.0%US$52.49US$26.44n/a12
Jan ’24n/a
US$34.72
0%
20.5%US$49.30US$22.51US$28.7314
Dec ’23US$25.30
US$34.49
+36.3%
21.0%US$49.30US$22.51US$24.9414
Nov ’23US$21.55
US$33.26
+54.3%
21.9%US$48.20US$22.51n/a14

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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