MT Stock Analysis: ArcelorMittal | AS
Steel | AS, Netherlands | Market Cap: 41.867m EUR | 12M Return: 93% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 122M
EPS Trend: -77.4%
Qual. Beats: 0
Rev. Trend: -88.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ArcelorMittal S.A. is an integrated steel and mining company headquartered in Luxembourg, with operations across the Americas, Europe, Asia, and Africa. Founded in 1976 and publicly listed since 1997, it produces a broad range of semi-finished and finished flat and long steel products, as well as seamless and welded pipes and tubes. The company serves end-markets including automotive, construction, appliance, engineering, energy, and machinery, selling through a centralized marketing organization and distributor networks.
In addition to its steel operations, ArcelorMittal is active in mining, producing iron ore (lumps, fines, concentrate, pellets, and sinter feeds) and coking coal from sites in Brazil, Bosnia, Liberia, Mexico, South Africa, Ukraine, India, and Canada. This vertical integration into raw materials is a defining feature of its business model, giving the company greater control over input costs and supply than non-integrated steel competitors. The steel sector is highly cyclical and capital-intensive, with profitability typically tied closely to global industrial demand, raw material prices, and trade dynamics.
- Steel demand from auto and construction sectors recovers
- Iron ore and coking coal costs decline, expanding steel margins
- EU CBAM carbon border levy reshapes European steel trade flows
| Net Income: 2.92b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.04 > 1.0 |
| NWC/Revenue: 13.68% < 20% (prev 12.58%; Δ 1.10% < -1%) |
| CFO/TA 0.05 > 3% & CFO 5.35b > Net Income 2.92b |
| Net Debt (10.5b) to EBITDA (6.64b): 1.58 < 3 |
| Current Ratio: 1.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (764.0m) vs 12m ago -0.91% < -2% |
| Gross Margin: 9.56% > 18% (prev 9.91%; Δ -0.35% > 0.5%) |
| Asset Turnover: 65.37% > 50% (prev 66.65%; Δ -1.28% > 0%) |
| Interest Coverage Ratio: 9.45 > 6 (EBIT TTM 3.60b / Interest Expense TTM 381.0m) |
| A: 0.09 (Total Current Assets 30.5b - Total Current Liabilities 22.0b) / Total Assets 98.3b |
| B: 0.51 (Retained Earnings 49.9b / Total Assets 98.3b) |
| C: 0.04 (EBIT TTM 3.60b / Avg Total Assets 94.9b) |
| D: 1.34 (Book Value of Equity 55.2b / Total Liabilities 41.1b) |
| Altman-Z'' = 3.89 = AA |
| DSRI: 0.99 (Receivables 4.13b/4.11b, Revenue 62.0b/61.0b) |
| GMI: 1.04 (GM 9.91% / 9.56%) |
| AQI: 0.91 (AQ_t 0.27 / AQ_t-1 0.30) |
| SGI: 1.02 (Revenue 62.0b / 61.0b) |
| TATA: -0.02 (NI 2.92b - CFO 5.35b) / TA 98.3b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at EUR 53.60 with a total of 2,256,146 shares traded. Over the past week, the price has changed by +3.00%, over one month by -8.75%, over three months by +4.33% and over the past year by +93.00%.
Current recommended Stop Loss: 48.60 (which is 9.3% or 2.3 ATR below the current price).
ArcelorMittal has no consensus analysts rating.
Market Cap USD = 47.7b (41.9b EUR * 1.1405 EUR.USD)
P/E Trailing = 16.4702
P/E Forward = 14.8588
P/S = 0.6752
P/B = 0.8123
P/EG = 0.6568
Revenue TTM = 62.0b USD
EBIT TTM = 3.60b USD
EBITDA TTM = 6.64b USD
Long Term Debt = 10.9b USD (from longTermDebt, last quarter)
Short Term Debt = 2.74b USD (from shortTermDebt, last quarter)
Debt = 14.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.18b
Net Debt = 10.5b USD (calculated: Debt 14.9b - CCE 4.36b)
Enterprise Value = 58.3b USD (47.7b + Debt 14.9b - CCE 4.36b)
Interest Coverage Ratio = 9.45 (Ebit TTM 3.60b / Interest Expense TTM 381.0m)
EV/FCF = 109.7x (Enterprise Value 58.3b / FCF TTM 531.2m)
FCF Yield = 0.91% (FCF TTM 531.2m / Enterprise Value 58.3b)
FCF Margin = 0.86% (FCF TTM 531.2m / Revenue TTM 62.0b)
Net Margin = 4.71% (Net Income TTM 2.92b / Revenue TTM 62.0b)
Gross Margin = 9.56% ((Revenue TTM 62.0b - Cost of Revenue TTM 56.1b) / Revenue TTM)
Gross Margin QoQ = 9.72% (prev 9.26%)
Tobins Q-Ratio = 0.59 (Enterprise Value 58.3b / Total Assets 98.3b)
Interest Expense / Debt = 2.56% (Interest Expense 381.0m / Debt 14.9b)
Taxrate = 9.80% (326.0m / 3.33b)
NOPAT = 3.25b (EBIT 3.60b * (1 - 9.80%))
Current Ratio = 1.39 (Total Current Assets 30.5b / Total Current Liabilities 22.0b)
Debt / Equity = 0.27 (Debt 14.9b / totalStockholderEquity, last quarter 55.2b)
Debt / EBITDA = 1.58 (Net Debt 10.5b / EBITDA 6.64b)
Debt / FCF = 19.78 (Net Debt 10.5b / FCF TTM 531.2m)
Total Stockholder Equity = 54.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.08% (Net Income 2.92b / Total Assets 98.3b)
RoE = 5.35% (Net Income TTM 2.92b / Total Stockholder Equity 54.7b)
RoCE = 5.49% (EBIT 3.60b / Capital Employed (Equity 54.7b + L.T.Debt 10.9b))
RoIC = 4.28% (NOPAT 3.25b / Invested Capital 75.9b)
WACC = 7.75% (E(47.7b)/V(62.6b) * Re(9.44%) + D(14.9b)/V(62.6b) * Rd(2.56%) * (1-Tc(0.10)))
Discount Rate = 9.44% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.61 | Cagr: -3.62%
[DCF] Terminal Value 77.97% ; FCFF base≈503.5m ; Y1≈577.1m ; Y5≈848.9m
[DCF] Fair Price = 3.00 (EV 12.8b - Net Debt 10.5b = Equity 2.27b / Shares 756.5m; r=8.35% [WACC [floored]]; 5y FCF grow 14.98% → 2.50% )
EPS Correlation: -77.45 | EPS CAGR: -21.51% | SUE: 0.41 | # QB: 0
Revenue Correlation: -88.04 | Revenue CAGR: -5.96% | SUE: -0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.17 | Chg30d=-1.68% | Revisions=-25% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.30 | Chg30d=-0.38% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=4.78 | Chg30d=-0.25% | Revisions=+40% | GrowthEPS=+24.2% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=7.08 | Chg30d=+0.17% | Revisions=+0% | GrowthEPS=+48.0% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +0% (up=3, down=3)