Valuation ArcelorMittal

Equities

Market Closed - Euronext Amsterdam Other stock markets 11:55:00 2025-12-16 am EST			5-day change	1st Jan Change
38.78 ^EUR	-1.20%		+5.21%	+72.89%

Dec. 10	Interpipe Limited agreed to acquire ArcelorMittal Tubular Products Roman S.A. from ArcelorMittal S.A. (ENXTAM:MT).	CI
Dec. 05	Salzgitter and Thyssenkrupp strong – Citi praises protectionism	DP

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	24,634	29,173	21,431	23,782	18,238	34,725	-	-
Change	-	18.43%	-26.54%	10.97%	-23.31%	90.4%	-	-
Enterprise Value (EV) ¹	31,014	33,203	23,667	26,680	23,317	42,394	42,244	41,956
Change	-	7.06%	-28.72%	12.73%	-12.6%	81.82%	-0.35%	-0.68%
P/E ratio	-36.1x	2.37x	2.58x	26x	13.7x	9.98x	9.56x	8.04x
PBR	0.69x	0.59x	0.4x	0.43x	0.36x	0.64x	0.61x	0.56x
PEG	-	-0x	-0.1x	-0.3x	0.2x	0x	2.18x	0.4x
Capitalization / Revenue	0.46x	0.38x	0.27x	0.35x	0.29x	0.56x	0.52x	0.51x
EV / Revenue	0.58x	0.43x	0.3x	0.39x	0.37x	0.68x	0.63x	0.61x
EV / EBITDA	7.21x	1.71x	1.67x	3.53x	3.31x	6.55x	5.06x	4.64x
EV / EBIT	14.7x	1.97x	2.04x	11.4x	7.04x	11.2x	8.24x	7.39x
EV / FCF	18.9x	4.81x	3.51x	8.8x	52.2x	66.3x	32.2x	18x
FCF Yield	5.3%	20.8%	28.5%	11.4%	1.92%	1.51%	3.11%	5.56%
Dividend per Share ²	0.3	0.38	0.4	0.5	0.55	0.5608	0.59	0.6184
Rate of return	1.3%	1.19%	1.52%	1.76%	2.37%	1.23%	1.29%	1.35%
EPS ²	-0.64	13.49	10.18	1.09	1.69	4.576	4.777	5.682
Distribution rate	-46.9%	2.82%	3.93%	45.9%	32.5%	12.3%	12.4%	10.9%
Net sales ¹	53,270	76,571	79,844	68,275	62,441	62,044	66,629	68,720
EBITDA ¹	4,301	19,404	14,161	7,558	7,053	6,477	8,344	9,038
EBIT ¹	2,110	16,881	11,581	2,340	3,310	3,789	5,127	5,680
Net income ¹	-733	14,956	9,302	919	1,339	3,497	3,541	4,211
Net Debt ¹	6,380	4,030	2,236	2,898	5,079	7,669	7,519	7,231
Reference price ²	23.09	32.01	26.26	28.38	23.22	45.66	45.66	45.66
Nbr of stocks (in thousands)	1,066,637	911,415	816,000	838,000	785,388	760,490	-	-
Announcement Date	2/11/21	2/10/22	2/9/23	2/8/24	2/6/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ARCELORMITTAL	10.09x	0.69x	6.6x	1.21%	35.1B
NUCOR CORPORATION	19.97x	1.26x	9.41x	1.36%	37.08B
STEEL DYNAMICS, INC.	19.97x	1.5x	12.21x	1.18%	24.67B
TATA STEEL LIMITED	17.49x	1.27x	8.51x	2.18%	23.78B
NIPPON STEEL CORPORATION	271.32x	0.75x	7.34x	3.97%	20.33B
POSCO HOLDINGS INC.	22.03x	0.51x	5.43x	3.16%	16.3B
CARPENTER TECHNOLOGY CORPORATION	32.04x	5.32x	19.64x	0.26%	16.12B
CLEVELAND-CLIFFS INC.	-4.5x	0.83x	114.45x	-.--%	8.22B
JFE HOLDINGS, INC.	16.34x	0.62x	7.09x	4.02%	8.14B
Average	44.97x	1.42x	21.19x	1.93%	21.08B
Weighted average by Cap.	44.75x	1.37x	13.90x	1.81%