ArcelorMittal (NL:MT)
:MT
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ArcelorMittal
(MT)
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Rating:63Neutral
Price Target:
€55.00
▲(5.69% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by solid financial footing (especially a conservative balance sheet) but tempered by cyclical and inconsistent recent free cash flow. Technicals are mixed (price above key moving averages but negative MACD), while valuation is reasonable on earnings with only a modest dividend yield.
Positive Factors
Conservative balance sheet
A low debt-to-equity range and sizable equity provide structural financial resilience in cyclical steel markets. This conservatism supports capacity to fund capex, absorb demand downturns, and pursue strategic investments without forcing distressed asset sales or rapid deleveraging reactions.
Negative Factors
Revenue cyclicality
Revenues that fluctuate with global steel demand create structural forecasting and planning challenges. Cyclical top-line swings reduce predictability for investment decisions, make capacity utilization uneven, and expose margins and returns to economic and policy-driven demand shifts over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A low debt-to-equity range and sizable equity provide structural financial resilience in cyclical steel markets. This conservatism supports capacity to fund capex, absorb demand downturns, and pursue strategic investments without forcing distressed asset sales or rapid deleveraging reactions.
Read all positive factors
ArcelorMittal (MT) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€38.71B
Dividend Yield1.24%
Average Volume (3M)2.19M
Price to Earnings (P/E)10.7
Beta (1Y)1.30
Revenue Growth-5.35%
EPS GrowthN/A
CountryNL
Employees125,416
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.20
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 Ratio71.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€53.65Price Target Upside3.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)4.7
Revenue Forecast (FY)€66.96B
ArcelorMittal Business Overview & Revenue Model
Company Description
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include semi-finished flat products, including slabs; finished...
How the Company Makes Money
ArcelorMittal primarily makes money by selling steel products, with revenue largely determined by shipment volumes, product mix (commodity versus higher value-added steels), and prevailing steel price levels in its served markets. Key revenue stre...
ArcelorMittal Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 61.35B | 62.44B | 68.28B | 79.84B | 76.57B |
| Gross Profit | 4.38B | 5.79B | 4.74B | 12.54B | 19.23B |
| EBITDA | 5.12B | 6.06B | 4.65B | 14.24B | 20.91B |
| Net Income | 3.28B | 1.34B | 919.00M | 9.30B | 20.48B |
Balance Sheet | |||||
| Total Assets | 97.71B | 89.39B | 93.92B | 94.55B | 90.51B |
| Cash, Cash Equivalents and Short-Term Investments | 5.48B | 6.40B | 7.69B | 9.41B | 4.37B |
| Total Debt | 13.41B | 11.56B | 10.68B | 11.65B | 8.40B |
| Total Liabilities | 41.17B | 38.10B | 37.85B | 38.96B | 39.17B |
| Stockholders Equity | 54.47B | 49.22B | 53.96B | 53.15B | 49.11B |
Cash Flow | |||||
| Free Cash Flow | 490.20M | 447.00M | 3.03B | 6.74B | 6.90B |
| Operating Cash Flow | 5.00B | 4.85B | 7.64B | 10.20B | 9.90B |
| Investing Cash Flow | -4.74B | -4.99B | -5.85B | -4.48B | -340.00M |
| Financing Cash Flow | -1.84B | -680.00M | -3.67B | -477.00M | -10.90B |
ArcelorMittal Technical Analysis
Positive
52.04
Price Trends
49.31
Positive
44.22
Positive
37.13
Positive
Market Momentum
0.27
Negative
61.74
Neutral
84.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:MT, the sentiment is Positive. The current price of 52.04 is above the 20-day moving average (MA) of 45.73, above the 50-day MA of 49.31, and above the 200-day MA of 37.13, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 61.74 is Neutral, neither overbought nor oversold. The STOCH value of 84.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:MT.
ArcelorMittal Peers Comparison
UnderperformOutperform
Sector (55)
NL:MT
ArcelorMittal
52.04
28.75
123.48%
NL:AMG
AMG ADVANCED METALLURGICAL GROUP NV
33.08
18.99
134.73%
NL:APAM
Aperam S.A.
40.08
15.34
61.98%
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.