Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ArcelorMittal    MT   LU1598757687

ARCELORMITTAL (MT)
My previous session
Most popular
  Report  
Real-time Quote. Real-time Tradegate - 11/16 07:49:24 pm
21.893 EUR   +0.56%
11/15ARCELORMITTAL : Back on an important level
11/13Designated Person Notification
DJ
11/13ARCELORMITTAL : Designated person notification
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

ArcelorMittal : A support level that should be taken advantage of

share with twitter share with LinkedIn share with facebook
share via e-mail
09/12/2018 | 08:57am CET
long trade
Target price hit
Entry price : 24.625€ | Target : 27.1€ | Stop-loss : 23.4€ | Potential : 10.05%
The recent downturn has taken ArcelorMittal shares close to a medium term support level around 24.3 EUR. The timing for a long trade in the stock appears good.
Investors have an opportunity to buy the stock and target the € 27.1.
Chart ARCELORMITTAL
Duration : Period :
ArcelorMittal Technical Analysis Chart | MarketScreener
Full-screen chart
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • The share is getting closer to its long-term support in weekly data, at EUR 23.66, which offers good timing for buyers.
  • Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 24.27 support.
  • The company shows low valuation levels, with an enterprise value at 0.47 times its sales.
  • Its low valuation, with P/E ratio at 5.32 and 5.68 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The group usually releases earnings worse than estimated.
  • The company is not the most generous with respect to shareholders' compensation.

Jordan Dufee
© Zonebourse.com 2018
share with twitter share with LinkedIn share with facebook
share via e-mail

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2018 77 603 M
EBIT 2018 7 666 M
Net income 2018 5 376 M
Debt 2018 8 354 M
Yield 2018 1,32%
P/E ratio 2018 4,78
P/E ratio 2019 5,13
EV / Sales 2018 0,43x
EV / Sales 2019 0,39x
Capitalization 25 157 M
Upcoming event on ARCELORMITTAL
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 39,8 $
Spread / Average Target 61%
EPS Revisions
Managers
NameTitle
Lakshmi Niwas Mittal Chairman & Chief Executive Officer
Aditya Mittal President & Chief Financial Officer
Brian E. Aranha CTO, Executive VP, Head-Research & Development
Michel Wurth Non-Independent Non-Executive Director
Vanisha Mittal Bhatia Non-Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ARCELORMITTAL-19.71%25 157
NUCOR-2.33%19 731
POSCO--.--%19 566
NIPPON STEEL & SUMITOMO METAL CORP-28.05%17 777
NOVOLIPETSK STEEL PAO--.--%14 688
SEVERSTAL' PAO--.--%12 783