ArcelorMittal South Africa
Market Cap
R1.6b
Last Updated
2021/01/21 17:01 UTC
Data Sources
Company Financials +
Executive Summary
ArcelorMittal South Africa Ltd, together with its subsidiaries, manufactures and sells long and flat steel products. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has ArcelorMittal South Africa's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACL is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: ACL's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of ZA stocks.
Market Performance
7 Day Return
0%
ACL
-1.3%
ZA Metals and Mining
2.0%
ZA Market
1 Year Return
-9.4%
ACL
38.9%
ZA Metals and Mining
1.2%
ZA Market
Return vs Industry: ACL underperformed the ZA Metals and Mining industry which returned 38.9% over the past year.
Return vs Market: ACL underperformed the ZA Market which returned 1.2% over the past year.
Shareholder returns
| ACL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.3% | 2.0% |
| 30 Day | 61.1% | 8.0% | 7.2% |
| 90 Day | 314.3% | 6.3% | 12.9% |
| 1 Year | -9.4%-9.4% | 44.2%38.9% | 6.5%1.2% |
| 3 Year | -60.8%-60.8% | 242.6%206.5% | 2.9%-17.9% |
| 5 Year | -73.4%-73.4% | 376.2%301.0% | 51.0%8.9% |
Long-Term Price Volatility Vs. Market
How volatile is ArcelorMittal South Africa's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
ArcelorMittal South Africa (JSE:ACL) Has Debt But No Earnings; Should You Worry?2 months ago | Simply Wall St
How Much Is ArcelorMittal South Africa Ltd (JSE:ACL) CEO Getting Paid?5 months ago | Simply Wall St
How Is ArcelorMittal South Africa's (JSE:ACL) CEO Paid Relative To Peers?Valuation
Is ArcelorMittal South Africa undervalued compared to its fair value and its price relative to the market?
1.03x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ACL (ZAR1.45) is trading above our estimate of fair value (ZAR0.51)
Significantly Below Fair Value: ACL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ACL is unprofitable, so we can't compare its PE Ratio to the ZA Metals and Mining industry average.
PE vs Market: ACL is unprofitable, so we can't compare its PE Ratio to the ZA market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ACL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ACL is good value based on its PB Ratio (1x) compared to the ZA Metals and Mining industry average (1.2x).
Next Steps
Future Growth
How is ArcelorMittal South Africa forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
51.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.3%).
Earnings vs Market: ACL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ACL's is expected to become profitable in the next 3 years.
Revenue vs Market: ACL's revenue (12.4% per year) is forecast to grow faster than the ZA market (10.7% per year).
High Growth Revenue: ACL's revenue (12.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACL is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has ArcelorMittal South Africa performed over the past 5 years?
16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACL is currently unprofitable.
Growing Profit Margin: ACL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ACL is unprofitable, but has reduced losses over the past 5 years at a rate of 16.3% per year.
Accelerating Growth: Unable to compare ACL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ACL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (136.9%).
Return on Equity
High ROE: ACL has a negative Return on Equity (-411.43%), as it is currently unprofitable.
Next Steps
Financial Health
How is ArcelorMittal South Africa's financial position?
Financial Position Analysis
Short Term Liabilities: ACL's short term assets (ZAR12.9B) exceed its short term liabilities (ZAR12.2B).
Long Term Liabilities: ACL's short term assets (ZAR12.9B) exceed its long term liabilities (ZAR8.9B).
Debt to Equity History and Analysis
Debt Level: ACL's debt to equity ratio (474.5%) is considered high.
Reducing Debt: ACL's debt to equity ratio has increased from 14.2% to 474.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ACL has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ACL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is ArcelorMittal South Africa current dividend yield, its reliability and sustainability?
4.37%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ACL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ACL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ACL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ACL is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ACL's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Kobus Verster (54 yo)
2.92yrs
Tenure
R10,643,744
Compensation
Mr. Hendrik Jacobus Verster, also known as Kobus, has been Vice President of ArcelorMittal since 2018. He served as Chairman at McConnell Dowell Corporation Limited. He serves as Executive Director of Arce...
CEO Compensation Analysis
Compensation vs Market: Kobus's total compensation ($USD714.92K) is above average for companies of similar size in the ZA market ($USD311.59K).
Compensation vs Earnings: Kobus's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.92yrs | R10.64m | no data | |
| CFO & Executive Director | 2.25yrs | R4.73m | 0.000040% ZAR 634.2 | |
| Chief Operating Officer | 1.83yrs | R4.86m | no data | |
| General Counsel & CoSEC | 5.92yrs | R2.23m | no data | |
| Senior Manager of Stakeholder Management & Communications | 1.5yrs | R1.89m | no data | |
| Chief Marketing Officer | 4yrs | R6.07m | no data | |
| Chief Human Resources Officer | 3yrs | R2.38m | no data | |
| Chief Procurement Officer | 1.17yrs | R2.28m | no data | |
| Chief Strategy Officer | no data | R2.56m | no data | |
| General Manager of Vanderbijlpark Works | 3.5yrs | R2.42m | no data | |
| Executive Manager Newcastle | 1.17yrs | R2.18m | no data | |
| Chief Information Officer | no data | no data | no data |
2.6yrs
Average Tenure
Experienced Management: ACL's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.92yrs | R10.64m | no data | |
| CFO & Executive Director | 2.25yrs | R4.73m | 0.000040% ZAR 634.2 | |
| Non-Executive Director | 3.17yrs | R487.96k | 0.000030% ZAR 475.7 | |
| Independent Non-Executive Director | 5.33yrs | R574.96k | 0.0091% ZAR 144.9k | |
| Independent Non-Executive Chairman | 7.92yrs | R1.50m | 0% ZAR 0 | |
| Non-Executive Director | 2.83yrs | no data | no data | |
| Independent Non-Executive Director | 7.25yrs | R644.66k | 0.0078% ZAR 123.4k | |
| Non-Executive Director | 4.08yrs | R361.20k | 6.27% ZAR 99.4m | |
| Independent Non-Executive Director | 5yrs | R450.04k | no data | |
| Independent Non-Executive Director | 7.25yrs | R687.96k | no data | |
| Independent Non-Executive Director | 3.58yrs | R340.79k | no data | |
| Non-Executive Director | 2.08yrs | no data | no data |
3.8yrs
Average Tenure
55.5yo
Average Age
Experienced Board: ACL's board of directors are considered experienced (3.8 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ArcelorMittal South Africa Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ArcelorMittal South Africa Ltd
- Ticker: ACL
- Exchange: JSE
- Founded: 1928
- Industry: Steel
- Sector: Materials
- Market Cap: R1.586b
- Shares outstanding: 1.09b
- Website: https://southafrica.arcelormittal.com
Number of Employees
Location
- ArcelorMittal South Africa Ltd
- Delfos Boulevard
- Vanderbijlpark
- Gauteng
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ISC1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 1990 |
| ACL | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Mar 1990 |
| ARCX.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 1990 |
| AMSI.Y | OTCPK (Pink Sheets LLC) | SPONS ADR NEW | US | USD | Jun 2003 |
Biography
ArcelorMittal South Africa Ltd, together with its subsidiaries, manufactures and sells long and flat steel products. The company operates through Flat Steel Products, Long Steel Products, and Coke and Chem...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 17:01 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.