MT Stock Analysis: ArcelorMittal | NYSE
Steel | NYSE, USA | Market Cap: 55.211m USD | 12M Return: 125.4% | US03938L2034 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 99.4M
EPS Trend: -72.9%
Qual. Beats: -1
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. (NYSE: MT) is a Luxembourg-headquartered integrated steel and mining company operating across the Americas, Europe, Asia, and Africa. Founded in 1976 and listed on the NYSE as an ADR since 1997, it sits within the GICS Materials sector (Steel sub-industry).
The company produces a broad range of steel products, including semi-finished and finished flat products (slabs, plates, hot- and cold-rolled coils, galvanized and tinplate sheets) as well as long products (bars, wire-rods, structural sections, rails, seamless and welded pipes and tubes). It also mines iron ore and coking coal in countries such as Brazil, Liberia, South Africa, Ukraine, Canada, India, Mexico, and Bosnia, supplying its upstream raw material needs.
ArcelorMittal serves customers in the automotive, appliance, engineering, construction, energy, and machinery sectors through a centralized marketing organization and distributors. Its vertically integrated business model, linking raw material extraction to finished steel output, exposes it to commodity price volatility and the cyclical dynamics typical of the global steel industry.
- European energy costs and carbon rules pressure steel margins
- Iron ore and coking coal price swings hit segment margins
- Automotive and construction demand recovery drives flat product volumes
- Capital returns accelerate as net debt target approaches
| Net Income: 1.81b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -1.51 > 1.0 |
| NWC/Revenue: 15.27% < 20% (prev 15.46%; Δ -0.19% < -1%) |
| CFO/TA 0.05 > 3% & CFO 5.42b > Net Income 1.81b |
| Net Debt (10.6b) to EBITDA (7.28b): 1.46 < 3 |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (764.0m) vs 12m ago -0.91% < -2% |
| Gross Margin: 8.47% > 18% (prev 6.57%; Δ 1.90% > 0.5%) |
| Asset Turnover: 63.47% > 50% (prev 61.32%; Δ 2.15% > 0%) |
| Interest Coverage Ratio: 9.37 > 6 (EBIT TTM 4.16b / Interest Expense TTM 444.0m) |
| A: 0.10 (Total Current Assets 32.0b - Total Current Liabilities 22.4b) / Total Assets 99.2b |
| B: 0.51 (Retained Earnings 50.7b / Total Assets 99.2b) |
| C: 0.04 (EBIT TTM 4.16b / Avg Total Assets 99.0b) |
| D: 1.30 (Book Value of Equity 54.8b / Total Liabilities 42.3b) |
| Altman-Z'' = 3.95 = AA |
| DSRI: 0.94 (Receivables 4.51b/4.63b, Revenue 62.8b/60.6b) |
| GMI: 0.78 (GM 6.57% / 8.47%) |
| AQI: 0.98 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 1.04 (Revenue 62.8b / 60.6b) |
| TATA: -0.04 (NI 1.81b - CFO 5.42b) / TA 99.2b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of August 13, 2026, the stock is trading at USD 74.18 with a total of 1,126,528 shares traded. Over the past week, the price has changed by -1.35%, over one month by +12.76%, over three months by +20.18% and over the past year by +125.40%.
Current recommended Stop Loss: 70.40 (which is 5.1% or 1.8 ATR below the current price).
ArcelorMittal has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy MT.
- StrongBuy: 2
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 74 | -0.2% |
P/E Trailing = 31.697
P/E Forward = 17.3611
P/S = 0.8785
P/B = 1.0345
P/EG = 0.417
Revenue TTM = 62.8b USD
EBIT TTM = 4.16b USD
EBITDA TTM = 7.28b 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 = 65.8b USD (55.2b + Debt 15.5b - CCE 4.90b)
Interest Coverage Ratio = 9.37 (Ebit TTM 4.16b / Interest Expense TTM 444.0m)
EV/FCF = -34.26x (Enterprise Value 65.8b / FCF TTM -1.92b)
FCF Yield = -2.92% (FCF TTM -1.92b / Enterprise Value 65.8b)
FCF Margin = -3.06% (FCF TTM -1.92b / Revenue TTM 62.8b)
Net Margin = 2.88% (Net Income TTM 1.81b / Revenue TTM 62.8b)
Gross Margin = 8.47% ((Revenue TTM 62.8b - Cost of Revenue TTM 57.5b) / Revenue TTM)
Gross Margin QoQ = 6.29% (prev 9.72%)
Tobins Q-Ratio = 0.66 (Enterprise Value 65.8b / Total Assets 99.2b)
Interest Expense / Debt = 2.86% (Interest Expense 444.0m / Debt 15.5b)
Taxrate = 10.40% (216.0m / 2.08b)
NOPAT = 3.73b (EBIT 4.16b * (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 = 1.46 (Net Debt 10.6b / EBITDA 7.28b)
Debt / FCF = -5.53 (negative FCF - burning cash) (Net Debt 10.6b / FCF TTM -1.92b)
Total Stockholder Equity = 54.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.83% (Net Income 1.81b / Total Assets 99.2b)
RoE = 3.31% (Net Income TTM 1.81b / Total Stockholder Equity 54.8b)
RoCE = 6.26% (EBIT 4.16b / Capital Employed (Equity 54.8b + L.T.Debt 11.7b))
RoIC = 4.88% (NOPAT 3.73b / Invested Capital 76.3b)
WACC = 9.25% (E(55.2b)/V(70.7b) * Re(11.13%) + D(15.5b)/V(70.7b) * Rd(2.86%) * (1-Tc(0.10)))
Discount Rate = 11.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.47 | Cagr: -2.62%
[DCF] Fair Price = unknown (Cash Flow -1.92b)
EPS Correlation: -72.90 | EPS CAGR: -18.91% | SUE: -1.05 | # QB: -1
Revenue Correlation: -77.37 | Revenue CAGR: -4.08% | SUE: -0.74 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.25 | Chg30d=-3.36% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=4.48 | Chg30d=-9.54% | Revisions=-67% | GrowthEPS=+16.4% | GrowthRev=+9.6%
EPS next Year (2027-12-31): EPS=7.30 | Chg30d=+4.24% | Revisions=+12% | GrowthEPS=+62.9% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -44% (up=3, down=10)