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    MT   LU1598757687

ARCELORMITTAL

(MT)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 09/23 11:11:51 am
25.985 EUR   +0.95%
04:32aARCELORMITTAL : S.A., - ArcelorMittal cancels 50 million treasury shares
PU
09/22ARCELORMITTAL : cancels 50 million treasury shares (Form 6-K)
PU
09/22ARCELORMITTAL : cancels 50 million treasury shares
AQ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ArcelorMittal : There is still some upside potential

02/17/2021 | 08:37am EDT
long trade
Target price hit
Entry price : 20.005€ | Target : 28.1€ | Stop-loss : 15.3€ | Potential : 40.46%
ArcelorMittal shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors have an opportunity to buy the stock and target the € 28.1.
ArcelorMittal : ArcelorMittal : There is still some upside potential
Summary
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.51 for the 2020 fiscal year.
  • Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
  • For the past twelve months, EPS forecast has been 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 difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • The stock is in a well-established, long-term rising trend above the technical support level at 12.45 EUR

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at EUR 20.3.
  • The stock is close to a major daily resistance at EUR 20.79, which should be gotten rid of so as to gain new appreciation potential.
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The company does not generate enough profits, which is an alarming weak point.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

ę MarketScreener.com 2021

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 2021 74 647 M - -
Net income 2021 13 258 M - -
Net Debt 2021 859 M - -
P/E ratio 2021 2,29x
Yield 2021 1,23%
Capitalization 28 338 M 28 462 M -
EV / Sales 2021 0,39x
EV / Sales 2022 0,38x
Nbr of Employees 168 000
Free-Float 56,0%
Upcoming event on ARCELORMITTAL
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 30,08 $
Average target price 46,72 $
Spread / Average Target 55,3%
EPS Revisions
Managers and Directors
Aditya Mittal Chief Executive 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
Sector and Competitors
1st jan.Capi. (M$)
ARCELORMITTAL36.33%28 462
NUCOR CORPORATION82.70%28 541
POSCO33.27%23 180
TATA STEEL LIMITED102.83%21 288
NIPPON STEEL CORPORATION52.94%17 066
PUBLIC JOINT STOCK COMPANY MAGNITOGORSK IRON & STEEL WORKS39.71%11 983