MT Stock Analysis: ArcelorMittal | AS
Steel | AS, Netherlands | Market Cap: 47.490m EUR | 12M Return: 129% | LU1598757687 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 101M
EPS Trend: -72.9%
Qual. Beats: 0
Rev. Trend: -77.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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: 1.81b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -2.32 > 1.0 |
| NWC/Revenue: 15.27% < 20% (prev 15.46%; Δ -0.19% < -1%) |
| CFO/TA 0.05 > 3% & CFO 4.87b > Net Income 1.81b |
| Net Debt (10.6b) to EBITDA (6.50b): 1.63 < 3 |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (764.0m) vs 12m ago -0.13% < -2% |
| Gross Margin: 9.58% > 18% (prev 9.93%; Δ -0.35% > 0.5%) |
| Asset Turnover: 63.48% > 50% (prev 61.32%; Δ 2.16% > 0%) |
| Interest Coverage Ratio: 6.11 > 6 (EBIT TTM 3.49b / Interest Expense TTM 571.6m) |
| A: 0.10 (Total Current Assets 32.0b - Total Current Liabilities 22.4b) / Total Assets 99.1b |
| B: 0.51 (Retained Earnings 50.7b / Total Assets 99.1b) |
| C: 0.04 (EBIT TTM 3.49b / Avg Total Assets 99.0b) |
| D: 1.30 (Book Value of Equity 54.8b / Total Liabilities 42.3b) |
| Altman-Z'' = 3.90 = AA |
| DSRI: 0.94 (Receivables 4.51b/4.63b, Revenue 62.8b/60.6b) |
| GMI: 1.04 (GM 9.93% / 9.58%) |
| AQI: 0.98 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 1.04 (Revenue 62.8b / 60.6b) |
| TATA: -0.03 (NI 1.81b - CFO 4.87b) / TA 99.1b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of August 11, 2026, the stock is trading at EUR 64.22 with a total of 1,276,792 shares traded. Over the past week, the price has changed by +4.12%, over one month by +10.91%, over three months by +22.17% and over the past year by +129.01%.
Current recommended Stop Loss: 59.50 (which is 7.3% or 2.2 ATR below the current price).
ArcelorMittal has no consensus analysts rating.
Market Cap USD = 54.9b (47.5b EUR * 1.1555 EUR.USD)
P/E Trailing = 30.5728
P/E Forward = 17.1233
P/S = 0.7556
P/B = 1.0199
P/EG = 0.4177
Revenue TTM = 62.8b USD
EBIT TTM = 3.49b USD
EBITDA TTM = 6.50b USD
Long Term Debt = 11.7b USD (from longTermDebt, last quarter)
Short Term Debt = 2.69b USD (from shortTermDebt, last quarter)
Debt = 15.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.09b
Net Debt = 10.6b USD (calculated: Debt 15.5b - CCE 4.90b)
Enterprise Value = 65.5b USD (54.9b + Debt 15.5b - CCE 4.90b)
Interest Coverage Ratio = 6.11 (Ebit TTM 3.49b / Interest Expense TTM 571.6m)
EV/FCF = -47.07x (Enterprise Value 65.5b / FCF TTM -1.39b)
FCF Yield = -2.12% (FCF TTM -1.39b / Enterprise Value 65.5b)
FCF Margin = -2.21% (FCF TTM -1.39b / Revenue TTM 62.8b)
Net Margin = 2.88% (Net Income TTM 1.81b / Revenue TTM 62.8b)
Gross Margin = 9.58% ((Revenue TTM 62.8b - Cost of Revenue TTM 56.8b) / Revenue TTM)
Gross Margin QoQ = 10.45% (prev 9.72%)
Tobins Q-Ratio = 0.66 (Enterprise Value 65.5b / Total Assets 99.1b)
Interest Expense / Debt = 3.68% (Interest Expense 571.6m / Debt 15.5b)
Taxrate = 10.40% (216.0m / 2.08b)
NOPAT = 3.13b (EBIT 3.49b * (1 - 10.40%))
Current Ratio = 1.43 (Total Current Assets 32.0b / Total Current Liabilities 22.4b)
Debt / Equity = 0.28 (Debt 15.5b / totalStockholderEquity, last quarter 54.8b)
Debt / EBITDA = 1.63 (Net Debt 10.6b / EBITDA 6.50b)
Debt / FCF = -7.63 (negative FCF - burning cash) (Net Debt 10.6b / FCF TTM -1.39b)
Total Stockholder Equity = 54.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.83% (Net Income 1.81b / Total Assets 99.1b)
RoE = 3.31% (Net Income TTM 1.81b / Total Stockholder Equity 54.8b)
RoCE = 5.25% (EBIT 3.49b / Capital Employed (Equity 54.8b + L.T.Debt 11.7b))
RoIC = 4.10% (NOPAT 3.13b / Invested Capital 76.3b)
WACC = 8.69% (E(54.9b)/V(70.4b) * Re(10.21%) + D(15.5b)/V(70.4b) * Rd(3.68%) * (1-Tc(0.10)))
Discount Rate = 10.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.98 | Cagr: -2.62%
[DCF] Fair Price = unknown (Cash Flow -1.39b)
EPS Correlation: -72.90 | EPS CAGR: -18.91% | SUE: -0.83 | # QB: 0
Revenue Correlation: -77.37 | Revenue CAGR: -4.08% | SUE: -0.39 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.24 | Chg30d=-4.74% | Revisions=-29% | Analysts=4
EPS current Year (2026-12-31): EPS=4.47 | Chg30d=-6.51% | Revisions=-73% | GrowthEPS=+16.2% | GrowthRev=+9.6%
EPS next Year (2027-12-31): EPS=7.46 | Chg30d=+5.37% | Revisions=+36% | GrowthEPS=+66.8% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -26% (up=7, down=13)