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    MT   LU1598757687


Real-time Euronext Amsterdam  -  11:35 2022-08-09 am EDT
24.19 EUR   -0.70%
08/04ARCELORMITTAL : Big comeback of buyers
07/29ARCELORMITTAL : 6-K - Form 6-K
07/29ArcelorMittal announces publication of its 2022 half-year report
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ArcelorMittal : Big comeback of buyers

08/04/2022 | 11:24am EDT
long trade
Entry price : 23.795€ | Target : 29€ | Stop-loss : 22€ | Potential : 21.87%
A strong break-out to the upside has recently been seen in ArcelorMittal. The current technical chart pattern could allow for a continuation of the upward dynamic.
Investors have an opportunity to buy the stock and target the € 29.
ArcelorMittal : ArcelorMittal : Big comeback of buyers
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • The company has a good ESG score relative to its sector, according to Refinitiv.

  • The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
  • The company shows low valuation levels, with an enterprise value at 0.28 times its sales.
  • The company's share price in relation to its net book value makes it look relatively cheap.
  • The company has a low valuation given the cash flows generated by its activity.
  • Over the last twelve months, the sales forecast has been frequently revised 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 average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • The company's earnings growth outlook lacks momentum and is a weakness.
  • For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
  • For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
  • Over the past four months, analysts' average price target has been revised downwards significantly.
  • The overall consensus opinion of analysts has deteriorated sharply over the past four months.
  • The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.
Ratings chart
Subsector Other Steel
1st jan.Capitalization (M$)Investor Rating
ARCELORMITTAL-13.47%21 073
NUCOR19.62%35 776
STEEL DYNAMICS, INC.26.87%14 381
POSCO HOLDINGS INC.-10.38%13 936
GERDAU S.A.-9.57%7 809
JFE HOLDINGS, INC.-1.43%6 185
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Financials (USD)
Sales 2022 78 201 M - -
Net income 2022 11 456 M - -
Net Debt 2022 1 859 M - -
P/E ratio 2022 1,92x
Yield 2022 1,91%
Capitalization 20 943 M 20 943 M -
EV / Sales 2022 0,29x
EV / Sales 2023 0,31x
Nbr of Employees 158 000
Free-Float 50,7%
Upcoming event on ARCELORMITTAL
Income Statement Evolution
Mean consensus BUY
Number of Analysts 15
Last Close Price 24,74 $
Average target price 37,50 $
Spread / Average Target 51,6%
EPS Revisions
Managers and Directors
Aditya Mittal President, Chief Financial Officer & Director
Genuino M. Christino Chief Financial Officer & Executive Vice President
Lakshmi Niwas Mittal Executive Chairman
Pinakin Chaubal Chief Technology Officer
Henk Scheffer Secretary & Group Compliance Officer