Company Valuation: ArcelorMittal

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,173 21,431 23,782 18,238 34,909 46,905 - -
Change - -26.54% 10.97% -23.31% 91.41% 34.36% - -
Enterprise Value (EV) 1 33,203 23,667 26,680 23,317 42,840 54,806 53,635 52,256
Change - -28.72% 12.73% -12.6% 83.73% 27.93% -2.14% -2.57%
P/E 2.37x 2.58x 26x 13.7x 11.2x 15.7x 8.86x 8.16x
PBR 0.59x 0.4x 0.43x 0.36x 0.64x 0.84x 0.77x 0.7x
PEG - -0.1x -0.3x 0.2x 0x -4.45x 0.1x 0.96x
Capitalization / Revenue 0.38x 0.27x 0.35x 0.29x 0.57x 0.7x 0.64x 0.63x
EV / Revenue 0.43x 0.3x 0.39x 0.37x 0.7x 0.81x 0.74x 0.71x
EV / EBITDA 1.71x 1.67x 3.53x 3.31x 6.55x 6.75x 5.07x 4.76x
EV / EBIT 1.97x 2.04x 11.4x 7.04x 11.8x 11.6x 7.56x 7.16x
EV / FCF 4.81x 3.51x 8.8x 52.2x 91x 31.2x 19.4x 16.3x
FCF Yield 20.8% 28.5% 11.4% 1.92% 1.1% 3.2% 5.16% 6.14%
Dividend per Share 2 0.38 0.4 0.5 0.55 0.6 0.613 0.6585 0.6852
Rate of return 1.19% 1.52% 1.76% 2.37% 1.31% 0.99% 1.06% 1.1%
EPS 2 13.49 10.18 1.09 1.69 4.11 3.965 7.025 7.619
Distribution rate 2.82% 3.93% 45.9% 32.5% 14.6% 15.5% 9.37% 8.99%
Net sales 1 76,571 79,844 68,275 62,441 61,352 67,266 72,850 74,083
EBITDA 1 19,404 14,161 7,558 7,053 6,541 8,114 10,580 10,976
EBIT 1 16,881 11,581 2,340 3,310 3,628 4,739 7,092 7,302
Net income 1 14,956 9,302 919 1,339 3,152 3,194 5,159 5,429
Net Debt 1 4,030 2,236 2,898 5,079 7,931 7,901 6,730 5,351
Reference price 2 32.01 26.26 28.38 23.22 45.90 62.20 62.20 62.20
Nbr of stocks (in thousands) 911,415 816,000 838,000 785,388 760,600 754,042 - -
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.75x1.84x4.81x7.27% 60.14B
13.49x1.5x7.8x0.89% 56.96B
16.55x0.85x7.07x0.93% 49.47B
14.13x2.37x5.39x4.31% 35.23B
14.12x1.54x8.94x0.89% 34.14B
20.36x1.8x9.97x0.57% 31.88B
12.77x1.14x6.92x2.35% 23.13B
11.53x0.75x6.66x3.71% 21.5B
17.22x1.24x11.27x1.24% 20.5B
Average 14.32x 1.45x 7.65x 2.46% 36.99B
Weighted average by Cap. 13.93x 1.50x 7.30x 2.68%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ArcelorMittal

Historical PBR trend

Valuation ratios - PBR - ArcelorMittal

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ArcelorMittal

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ArcelorMittal


Year-on-year evolution of the Yield

Valuation ratios - Yield - ArcelorMittal