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 55,087 - -
Change - -26.54% 10.97% -23.31% 91.41% 57.8% - -
Enterprise Value (EV) 1 33,203 23,667 26,680 23,317 42,840 62,948 61,538 59,928
Change - -28.72% 12.73% -12.6% 83.73% 46.94% -2.24% -2.62%
P/E 2.37x 2.58x 26x 13.7x 11.2x 16.5x 10.3x 9.57x
PBR 0.59x 0.4x 0.43x 0.36x 0.64x 0.97x 0.89x 0.82x
PEG - -0.1x -0.3x 0.2x 0x 2.2x 0.2x 1.22x
Capitalization / Revenue 0.38x 0.27x 0.35x 0.29x 0.57x 0.82x 0.77x 0.75x
EV / Revenue 0.43x 0.3x 0.39x 0.37x 0.7x 0.94x 0.86x 0.82x
EV / EBITDA 1.71x 1.67x 3.53x 3.31x 6.55x 7.58x 5.85x 5.53x
EV / EBIT 1.97x 2.04x 11.4x 7.04x 11.8x 13x 8.69x 8.29x
EV / FCF 4.81x 3.51x 8.8x 52.2x 91x 35.9x 21.9x 18.6x
FCF Yield 20.8% 28.5% 11.4% 1.92% 1.1% 2.79% 4.57% 5.38%
Dividend per Share 2 0.38 0.4 0.5 0.55 0.6 0.6233 0.6671 0.6984
Rate of return 1.19% 1.52% 1.76% 2.37% 1.31% 0.85% 0.91% 0.96%
EPS 2 13.49 10.18 1.09 1.69 4.11 4.418 7.082 7.637
Distribution rate 2.82% 3.93% 45.9% 32.5% 14.6% 14.1% 9.42% 9.14%
Net sales 1 76,571 79,844 68,275 62,441 61,352 67,246 71,838 73,213
EBITDA 1 19,404 14,161 7,558 7,053 6,541 8,304 10,518 10,843
EBIT 1 16,881 11,581 2,340 3,310 3,628 4,836 7,082 7,232
Net income 1 14,956 9,302 919 1,339 3,152 3,288 5,107 5,381
Net Debt 1 4,030 2,236 2,898 5,079 7,931 7,861 6,451 4,840
Reference price 2 32.01 26.26 28.38 23.22 45.90 73.06 73.06 73.06
Nbr of stocks (in thousands) 911,415 816,000 838,000 785,388 760,600 754,042 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.54x0.94x7.58x0.85% 55.09B
13.36x1.47x7.67x0.92% 55.27B
13.68x1.49x8.81x0.93% 32.78B
36.72x7.03x23.91x0.17% 24.4B
13.07x1.16x7.04x2.3% 23.82B
12.08x0.77x7.38x3.66% 21.68B
11.22x0.53x5.15x3.17% 16.92B
13.83x4.12x10.73x0.05% 10.97B
13.1x0.87x6.54x2.92% 10.24B
-18.56x0.12x2.66x1.12% 9.72B
Average 12.50x 1.85x 8.75x 1.61% 26.09B
Weighted average by Cap. 14.80x 1.77x 8.97x 1.39%

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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