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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ArcelorMittal    MT   LU1598757687

ARCELORMITTAL

(MT)
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ArcelorMittal : Profit-taking can be expected to dominate

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11/08/2019 | 02:24am EST
short sell
Live
Entry price : 15.5€ | Target : 13.23€ | Stop-loss : 16.7€ | Potential : 14.65%
Current price levels represent good timing for the opening of new short positions with respect to shares in ArcelorMittal. The resistance zone around 15.95 EUR could effectively set off a correction phase over the short term.
Investors should open a short trade and target the € 13.23.
ArcelorMittal : ArcelorMittal : Profit-taking can be expected to dominate
Summary
  • In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.

Strengths
  • The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.34 for the 2019 fiscal year.

Weaknesses
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • The company does not generate enough profits, which is an alarming weak point.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The company is not the most generous with respect to shareholders' compensation.
  • The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
  • Analysts covering the stock have recently lowered their earnings forecast.
  • For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • Below the resistance at 15.74 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
Ratings chart
Subsector Steel - NEC
1st jan.Capitalisation (M$)Investor Rating
ARCELORMITTAL-16.45%16 944
NUCOR6.06%16 662
POSCO--.--%15 422
NIPPON STEEL CORPORATION-13.82%13 506
THYSSENKRUPP AG-11.85%9 081
JFE HOLDINGS, INC.-21.41%7 043
STEEL DYNAMICS, INC.5.93%6 856
MAGNITOGORSKIY MTALLURGCHSK..--.--%6 660
TATA STEEL LTD-22.20%6 311
GERDAU S.A.4.72%5 885
VOESTALPINE AG-8.55%4 723
Autres valeurs du secteur

Jordan Dufee
© MarketScreener.com 2019
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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 (USD)
Sales 2019 71 505 M
EBIT 2019 1 818 M
Net income 2019 -219 M
Debt 2019 10 099 M
Yield 2019 1,31%
P/E ratio 2019 -26,6x
P/E ratio 2020 9,77x
EV / Sales2019 0,38x
EV / Sales2020 0,38x
Capitalization 16 950 M
Upcoming event on ARCELORMITTAL
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 18,68  $
Last Close Price 16,75  $
Spread / Highest target 51,1%
Spread / Average Target 11,5%
Spread / Lowest Target -60,5%
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