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 50,498 - -
Change - -26.54% 10.97% -23.31% 91.41% 44.66% - -
Enterprise Value (EV) 1 33,203 23,667 26,680 23,317 42,840 58,252 56,960 55,560
Change - -28.72% 12.73% -12.6% 83.73% 35.98% -2.22% -2.46%
P/E 2.37x 2.58x 26x 13.7x 11.2x 14.5x 9.53x 8.93x
PBR 0.59x 0.4x 0.43x 0.36x 0.64x 0.88x 0.8x 0.74x
PEG - -0.1x -0.3x 0.2x 0x 1.3x 0.2x 1.33x
Capitalization / Revenue 0.38x 0.27x 0.35x 0.29x 0.57x 0.76x 0.72x 0.7x
EV / Revenue 0.43x 0.3x 0.39x 0.37x 0.7x 0.87x 0.81x 0.77x
EV / EBITDA 1.71x 1.67x 3.53x 3.31x 6.55x 7.03x 5.53x 5.24x
EV / EBIT 1.97x 2.04x 11.4x 7.04x 11.8x 11.9x 8.3x 8.02x
EV / FCF 4.81x 3.51x 8.8x 52.2x 91x 32.1x 20.8x 17.9x
FCF Yield 20.8% 28.5% 11.4% 1.92% 1.1% 3.12% 4.8% 5.59%
Dividend per Share 2 0.38 0.4 0.5 0.55 - 0.6258 0.6697 0.7014
Rate of return 1.19% 1.52% 1.76% 2.37% - 0.94% 1.01% 1.06%
EPS 2 13.49 10.18 1.09 1.69 4.11 4.579 6.963 7.432
Distribution rate 2.82% 3.93% 45.9% 32.5% - 13.7% 9.62% 9.44%
Net sales 1 76,571 79,844 68,275 62,441 61,352 66,788 70,442 71,931
EBITDA 1 19,404 14,161 7,558 7,053 6,541 8,286 10,299 10,600
EBIT 1 16,881 11,581 2,340 3,310 3,628 4,891 6,864 6,929
Net income 1 14,956 9,302 919 1,339 3,152 3,396 4,983 5,148
Net Debt 1 4,030 2,236 2,898 5,079 7,931 7,754 6,462 5,062
Reference price 2 32.01 26.26 28.38 23.22 45.90 66.35 66.35 66.35
Nbr of stocks (in thousands) 911,415 816,000 838,000 785,388 760,600 761,126 - -
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.($)
14.49x0.87x7.03x0.94% 50.5B
13.91x1.48x8.15x0.95% 53.89B
14.46x1.63x9.45x0.9% 33.96B
53.39x8.93x32.93x0.14% 27.71B
12.48x1.19x6.99x2.26% 24.1B
10.59x0.68x6.36x4.12% 18.85B
13.23x0.54x4.52x3.14% 15.76B
14.77x4.34x11.1x0.06% 10.91B
13.6x0.89x6.71x2.86% 10.28B
12.2x0.57x5.09x2.52% 8.79B
Average 17.31x 2.11x 9.83x 1.79% 25.47B
Weighted average by Cap. 17.94x 2.11x 10.29x 1.44%

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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