Company Valuation: ArcelorMittal

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 24,634 29,173 21,431 23,782 18,238 41,421 41,421 -
Change - 18.43% -26.54% 10.97% -23.31% 127.11% 0% -
Enterprise Value (EV) 1 31,014 33,203 23,667 26,680 23,317 48,976 48,978 48,036
Change - 7.06% -28.72% 12.73% -12.6% 110.04% 0% -1.92%
P/E ratio -36.1x 2.37x 2.58x 26x 13.7x 12.2x 11.4x 9.02x
PBR 0.69x 0.59x 0.4x 0.43x 0.36x 0.78x 0.73x 0.67x
PEG - -0x -0.1x -0.3x 0.2x 0x 1.55x 0.3x
Capitalization / Revenue 0.46x 0.38x 0.27x 0.35x 0.29x 0.67x 0.61x 0.59x
EV / Revenue 0.58x 0.43x 0.3x 0.39x 0.37x 0.79x 0.73x 0.68x
EV / EBITDA 7.21x 1.71x 1.67x 3.53x 3.31x 7.62x 5.77x 5.12x
EV / EBIT 14.7x 1.97x 2.04x 11.4x 7.04x 12.9x 9.28x 7.92x
EV / FCF 18.9x 4.81x 3.51x 8.8x 52.2x 474x 45.1x 21x
FCF Yield 5.3% 20.8% 28.5% 11.4% 1.92% 0.21% 2.22% 4.77%
Dividend per Share 2 0.3 0.38 0.4 0.5 0.55 0.5643 0.595 0.6259
Rate of return 1.3% 1.19% 1.52% 1.76% 2.37% 1.04% 1.09% 1.15%
EPS 2 -0.64 13.49 10.18 1.09 1.69 4.466 4.795 6.035
Distribution rate -46.9% 2.82% 3.93% 45.9% 32.5% 12.6% 12.4% 10.4%
Net sales 1 53,270 76,571 79,844 68,275 62,441 62,033 67,410 70,249
EBITDA 1 4,301 19,404 14,161 7,558 7,053 6,427 8,484 9,390
EBIT 1 2,110 16,881 11,581 2,340 3,310 3,793 5,279 6,063
Net income 1 -733 14,956 9,302 919 1,339 3,433 3,593 4,470
Net Debt 1 6,380 4,030 2,236 2,898 5,079 7,555 7,557 6,615
Reference price 2 23.09 32.01 26.26 28.38 23.22 54.46 54.46 54.46
Nbr of stocks (in thousands) 1,066,637 911,415 816,000 838,000 785,388 760,600 760,600 -
Announcement Date 11/02/21 10/02/22 09/02/23 08/02/24 06/02/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.19x0.79x7.62x1.04% 41.42B
23.31x1.39x10.53x1.22% 41.26B
22.6x1.59x13.35x1.12% 26.11B
19.35x1.35x9.11x1.99% 25.8B
2634.47x0.82x8.68x3.53% 22.46B
25.97x0.55x6.04x2.79% 18.47B
33.15x5.5x20.32x0.25% 16.68B
-4.66x0.88x272.48x-.--% 9.25B
Average 345.80x 1.61x 43.52x 1.49% 25.18B
Weighted average by Cap. 311.30x 1.46x 22.33x 1.53%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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