MT

ArcelorMittal SA

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Advanced Chart

33.600

+1.24(3.832%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

33.905

Open

32.630

VWAP

33.45

Vol

2.99M

Mkt Cap

28.65B

Low

32.500

Amount

100.11M

EV/EBITDA(TTM)

6.27

Total Shares

793.66M

38.99B

EV/OCF(TTM)

7.89

P/S(TTM)

0.43

ArcelorMittal SA is a Luxembourg-based holding company. The Company, via its subsidiaries, owns and operates steel, iron ore manufacturing and coal mining facilities in Europe, North and South America, Asia, and Africa. The Company is organized in five operating segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA, Brazil, Europe, and ACIS segments produce flat, long, and tubular products including slabs, hot-rolled coil, cold-rolled coil, coated steel products, among others. The Mining segment provides steel operations and comprises all mines owned by the Company in the Americas, Europe, Africa, and countries of the Commonwealth of Independent States (CIS).

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

16.32B

+10.32%

1.520

+46.15%

16.03B

+8.96%

0.965

+85.53%

15.95B

+4.95%

0.603

-4.31%

Estimates Revision

The market is revising Upward the revenue expectations for ArcelorMittal S.A. (MT) for FY2025, with the revenue forecasts being adjusted by 1.6% over the past three months. During the same period, the stock price has changed by 7.69%.

Revenue Estimates for FY2025

Revise Upward

+1.6%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+24%

In Past 3 Month

Stock Price

Go Up

+7.69%

In Past 3 Month

2 Analyst Rating

-10.71% Downside

Wall Street analysts forecast MT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MT is 30.00 USD with a low forecast of 30.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

1 Hold

0 Sell

Moderate Buy

-10.71% Downside

Current: 33.600

Low

30.00

Averages

30.00

High

30.00

-10.71% Downside

Current: 33.600

Low

30.00

Averages

30.00

High

30.00

JPMorgan

Dominic O'Kane

Neutral

downgrade

2025-08-04

Reason

JPMorgan

Dominic O'Kane

Price Target

2025-08-04

downgrade

Neutral

Reason

JPMorgan analyst Dominic O'Kane lowered the firm's price target on ArcelorMittal to EUR 28.50 from EUR 29 and keeps a Neutral rating on the shares.

JPMorgan

Dominic O'Kane

Neutral

downgrade

2025-07-28

Reason

JPMorgan

Dominic O'Kane

Price Target

2025-07-28

downgrade

Neutral

Reason

JPMorgan analyst Dominic O'Kane lowered the firm's price target on ArcelorMittal to EUR 29 from EUR 30.50 and keeps a Neutral rating on the shares.

Barclays

Overweight -> Equal Weight

downgrade

€27

2025-07-16

Reason

Barclays

Price Target

€27

2025-07-16

downgrade

Overweight -> Equal Weight

Reason

Barclays downgraded ArcelorMittal to Equal Weight from Overweight with an unchanged price target of EUR 27. The firm says European steel stock valuations are close to a five-year high relative to spot hot-rolled coil, spreads, which remain at risk. Barclays is starting to see a potential destock cycle emerging into the current deflationary environment.

Morgan Stanley

Equal Weight

maintain

2025-07-08

Reason

Morgan Stanley

Price Target

2025-07-08

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on ArcelorMittal to EUR 30 from EUR 29.40 and keeps an Equal Weight rating on the shares.

Morgan Stanley

Alain Gabriel

Equal Weight

downgrade

2025-07-01

Reason

Morgan Stanley

Alain Gabriel

Price Target

2025-07-01

downgrade

Equal Weight

Reason

Morgan Stanley analyst Alain Gabriel lowered the firm's price target on ArcelorMittal to EUR 29.40 from EUR 30 and keeps an Equal Weight rating on the shares.

Goldman Sachs

Matt Greene

Hold

Strong Buy

Upgrades

$29 → $32

2025-04-10

Reason

Goldman Sachs

Matt Greene

Price Target

$29 → $32

2025-04-10

Upgrades

Hold

Strong Buy

Reason

Goldman Sachs upgraded ArcelorMittal to Buy from Neutral with a price target of $31.70, up from $29. The firm expects declining iron ore and met coal prices due to oversupply, which it believes should provide cost support, aiding to ArcelorMittal's steel spreads and margins. This, coupled with potential for reduced steel exports from China and mounting political pressure for effective safeguard mechanisms in key markets may provide additional pricing support with scope to improve utilization rates if imports are displaced by domestic production, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for ArcelorMittal SA (MT.N) is 8.36, compared to its 5-year average forward P/E of 5.83. For a more detailed relative valuation and DCF analysis to assess ArcelorMittal SA 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

5.83

Current PE

8.36

Overvalued PE

8.49

Undervalued PE

3.16

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

3.66

Current EV/EBITDA

5.16

Overvalued EV/EBITDA

4.59

Undervalued EV/EBITDA

2.72

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

0.34

Current PS

0.39

Overvalued PS

0.39

Undervalued PS

0.29