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 44,963 - -
Change - -26.54% 10.97% -23.31% 91.41% 28.8% - -
Enterprise Value (EV) 1 33,203 23,667 26,680 23,317 42,840 52,995 51,790 50,379
Change - -28.72% 12.73% -12.6% 83.73% 23.7% -2.27% -2.72%
P/E 2.37x 2.58x 26x 13.7x 11.2x 19.6x 8.23x 7.5x
PBR 0.59x 0.4x 0.43x 0.36x 0.64x 0.81x 0.74x 0.68x
PEG - -0.1x -0.3x 0.2x 0x -0.8x 0x 0.76x
Capitalization / Revenue 0.38x 0.27x 0.35x 0.29x 0.57x 0.67x 0.61x 0.6x
EV / Revenue 0.43x 0.3x 0.39x 0.37x 0.7x 0.79x 0.71x 0.67x
EV / EBITDA 1.71x 1.67x 3.53x 3.31x 6.55x 6.63x 4.82x 4.49x
EV / EBIT 1.97x 2.04x 11.4x 7.04x 11.8x 11.5x 7.16x 6.7x
EV / FCF 4.81x 3.51x 8.8x 52.2x 91x 34.7x 17.3x 14.2x
FCF Yield 20.8% 28.5% 11.4% 1.92% 1.1% 2.88% 5.78% 7.03%
Dividend per Share 2 0.38 0.4 0.5 0.55 0.6 0.6118 0.6559 0.6852
Rate of return 1.19% 1.52% 1.76% 2.37% 1.31% 1.03% 1.1% 1.15%
EPS 2 13.49 10.18 1.09 1.69 4.11 3.049 7.242 7.954
Distribution rate 2.82% 3.93% 45.9% 32.5% 14.6% 20.1% 9.06% 8.61%
Net sales 1 76,571 79,844 68,275 62,441 61,352 67,161 73,451 74,851
EBITDA 1 19,404 14,161 7,558 7,053 6,541 7,993 10,740 11,224
EBIT 1 16,881 11,581 2,340 3,310 3,628 4,593 7,237 7,519
Net income 1 14,956 9,302 919 1,339 3,152 2,403 5,285 5,627
Net Debt 1 4,030 2,236 2,898 5,079 7,931 8,031 6,827 5,416
Reference price 2 32.01 26.26 28.38 23.22 45.90 59.63 59.63 59.63
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.56x0.79x6.63x1.03% 44.96B
13.66x1.57x8.21x0.83% 61.66B
7.43x1.57x4.18x8.99% 48.62B
14.42x1.57x9.18x0.85% 35.55B
17.49x1.71x9.3x0.63% 31.76B
18.23x2.28x5.73x3.59% 31.41B
11.88x1.1x6.61x2.5% 22.17B
16.32x1.24x10.73x1.13% 22.27B
11.88x0.76x6.22x3.67% 21.72B
13.54x0.48x5.48x3.46% 19.6B
Average 14.44x 1.31x 7.23x 2.67% 33.97B
Weighted average by Cap. 14.35x 1.38x 7.18x 2.72%

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
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