ArcelorMittal S.A.

NYSE:MT Stok Raporu

Piyasa değeri: US$47.9b

ArcelorMittal Bilanço Sağlığı

Finansal Sağlık kriter kontrolleri 6/6

ArcelorMittal şirketinin toplam hissedar öz sermayesi $57.2B ve toplam borcu $13.7B olup, bu da borç-öz sermaye oranını 23.9% seviyesine getiriyor. Toplam varlıkları ve toplam yükümlülükleri sırasıyla $98.3B ve $41.1B dir. ArcelorMittal 'in FAVÖK'ü $1.6B faiz karşılama oranı 4.2 dur. Şirketin $4.4B tutarında nakit ve kısa vadeli yatırımları bulunmaktadır.

Anahtar bilgiler

23.92%

Borç/özkaynak oranı

US$13.68b

Borç

Faiz karşılama oranı4.2x
NakitUS$4.36b
EşitlikUS$57.21b
Toplam yükümlülüklerUS$41.06b
Toplam varlıklarUS$98.27b

Son finansal sağlık güncellemeleri

Güncelleme yok

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.

Finansal Durum Analizi

Kısa Vadeli Yükümlülükler: MT 'nin kısa vadeli varlıkları ( $30.5B ) kısa vadeli yükümlülüklerini ( $22.0B ) aşıyor.

Uzun Vadeli Yükümlülükler: MT şirketinin kısa vadeli varlıkları ( $30.5B ) uzun vadeli yükümlülüklerini ( $19.0B ) aşmaktadır.

Borç-Özkaynak Tarihçesi ve Analizi

Borç Seviyesi: MT 'nin net borç/öz sermaye oranı ( 16.3% ) tatmin edici olarak değerlendirilmektedir.

Borcun Azaltılması: MT 'nin borç/öz sermaye oranı son 5 yılda 27.1% seviyesinden 23.9% seviyesine düştü.

Borç Kapsamı: MT 'nin borcu işletme nakit akışı ( 37.7% ) tarafından iyi bir şekilde karşılanmaktadır.

Faiz Kapsamı: MT 'in borcuna ilişkin faiz ödemeleri EBIT ( 4.2 x kapsam) tarafından iyi bir şekilde karşılanmaktadır.

Bilanço

Sağlıklı şirketleri keşfedin

7D

1Y

7D

1Y

7D

1Y

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2026/05/06 19:18
Gün Sonu Hisse Fiyatı2026/05/06 00:00
Kazançlar2026/03/31
Yıllık Kazançlar2025/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

ArcelorMittal S.A. 44 Bu analistlerden 16, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

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