Want to see NL:MT full AI Analyst Report?
Top Page
ArcelorMittal
(MT)
Select Model
Select Model
Rating:58Neutral
Price Target:
€56.00
▲(4.79% Upside)
Action:Reiterated
Date:05/02/26
The score is primarily driven by solid balance-sheet strength but only middling current profitability and weak free-cash-flow conversion. Technicals are mixed (longer-term support but softer near-term momentum), and valuation/dividend metrics look average rather than compelling.
Positive Factors
Conservative Balance Sheet
ArcelorMittal's low leverage (roughly 0.25x debt-to-equity) and large equity base (~$55B) create durable financial flexibility. This conservative capital structure improves resilience through steel cycles, supports investment and dividend capacity, and lowers refinancing risk over the medium term.
Negative Factors
Weak Free Cash Flow Conversion
Free cash flow conversion near 10% of net income indicates limited distributable cash after capex and working-capital needs. Over the medium term this constrains capacity for sustained buybacks, higher dividends, or aggressive debt reduction and increases sensitivity to capital intensity and working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
ArcelorMittal's low leverage (roughly 0.25x debt-to-equity) and large equity base (~$55B) create durable financial flexibility. This conservative capital structure improves resilience through steel cycles, supports investment and dividend capacity, and lowers refinancing risk over the medium term.
Read all positive factors
ArcelorMittal (MT) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€39.07B
Dividend Yield1.24%
Average Volume (3M)2.19M
Price to Earnings (P/E)15.3
Beta (1Y)1.39
Revenue Growth-5.78%
EPS Growth142.48%
CountryNL
Employees125,955
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)3.84
Shares Outstanding775,000,000
10 Day Avg. Volume2,532,970
30 Day Avg. Volume2,186,907
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.64
Price to Sales (P/S)0.57
P/FCF Ratio71.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€53.97Price Target Upside0.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)4.68
Revenue Forecast (FY)€66.63B
ArcelorMittal Business Overview & Revenue Model
Company Description
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot-...
How the Company Makes Money
ArcelorMittal primarily makes money by manufacturing and selling steel products to industrial and distribution customers. Revenue is generated from shipments of finished and semi-finished steel, with pricing generally influenced by regional and gl...
ArcelorMittal Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.01B | 61.35B | 62.44B | 68.28B | 79.84B | 76.57B |
| Gross Profit | 5.93B | 5.91B | 6.27B | 7.56B | 14.16B | 19.40B |
| EBITDA | 6.64B | 6.54B | 7.05B | 8.74B | 14.16B | 19.40B |
| Net Income | 2.92B | 3.15B | 1.34B | 919.00M | 9.30B | 14.96B |
Balance Sheet | ||||||
| Total Assets | 98.27B | 97.71B | 89.39B | 93.92B | 94.55B | 90.51B |
| Cash, Cash Equivalents and Short-Term Investments | 4.36B | 5.48B | 6.40B | 7.69B | 9.41B | 4.37B |
| Total Debt | 13.68B | 13.41B | 11.56B | 10.68B | 11.65B | 8.40B |
| Total Liabilities | 41.06B | 41.17B | 38.10B | 37.85B | 38.96B | 39.17B |
| Stockholders Equity | 55.19B | 54.47B | 49.22B | 53.96B | 53.15B | 49.11B |
Cash Flow | ||||||
| Free Cash Flow | 531.20M | 490.20M | 447.00M | 3.03B | 6.74B | 6.90B |
| Operating Cash Flow | 5.35B | 5.00B | 4.85B | 7.64B | 10.20B | 9.90B |
| Investing Cash Flow | -6.34B | -4.74B | -4.99B | -5.85B | -4.48B | -340.00M |
| Financing Cash Flow | -406.39M | -1.84B | -680.00M | -3.67B | -477.00M | -10.90B |
ArcelorMittal Technical Analysis
Neutral
53.44
Price Trends
54.93
Negative
52.26
Positive
44.22
Positive
Market Momentum
-0.42
Positive
38.23
Neutral
9.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:MT, the sentiment is Neutral. The current price of 53.44 is below the 20-day moving average (MA) of 57.64, below the 50-day MA of 54.93, and above the 200-day MA of 44.22, indicating a neutral trend. The MACD of -0.42 indicates Positive momentum. The RSI at 38.23 is Neutral, neither overbought nor oversold. The STOCH value of 9.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:MT.
ArcelorMittal Peers Comparison
UnderperformOutperform
Sector (55)
NL:MT
ArcelorMittal
51.50
24.94
93.91%
NL:AMG
AMG ADVANCED METALLURGICAL GROUP NV
32.22
10.72
49.83%
NL:APAM
Aperam S.A.
41.78
15.72
60.34%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.