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 47,436 - -
Change - -26.54% 10.97% -23.31% 91.41% 35.88% - -
Enterprise Value (EV) 1 33,203 23,667 26,680 23,317 42,840 55,189 53,897 52,497
Change - -28.72% 12.73% -12.6% 83.73% 28.83% -2.34% -2.6%
P/E 2.37x 2.58x 26x 13.7x 11.2x 13.5x 8.95x 8.41x
PBR 0.59x 0.4x 0.43x 0.36x 0.64x 0.82x 0.75x 0.7x
PEG - -0.1x -0.3x 0.2x 0x 1.1x 0.2x 1.3x
Capitalization / Revenue 0.38x 0.27x 0.35x 0.29x 0.57x 0.71x 0.67x 0.66x
EV / Revenue 0.43x 0.3x 0.39x 0.37x 0.7x 0.83x 0.77x 0.73x
EV / EBITDA 1.71x 1.67x 3.53x 3.31x 6.55x 6.64x 5.23x 4.96x
EV / EBIT 1.97x 2.04x 11.4x 7.04x 11.8x 11.2x 7.85x 7.59x
EV / FCF 4.81x 3.51x 8.8x 52.2x 91x 32.5x 19.7x 17.7x
FCF Yield 20.8% 28.5% 11.4% 1.92% 1.1% 3.08% 5.07% 5.66%
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% - 1% 1.07% 1.13%
EPS 2 13.49 10.18 1.09 1.69 4.11 4.619 6.963 7.414
Distribution rate 2.82% 3.93% 45.9% 32.5% - 13.5% 9.62% 9.46%
Net sales 1 76,571 79,844 68,275 62,441 61,352 66,809 70,422 71,853
EBITDA 1 19,404 14,161 7,558 7,053 6,541 8,316 10,307 10,593
EBIT 1 16,881 11,581 2,340 3,310 3,628 4,925 6,869 6,920
Net income 1 14,956 9,302 919 1,339 3,152 3,428 4,989 5,140
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 62.32 62.32 62.32
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.($)
13.29x1.4x7.75x1.01% 50.62B
13.8x1.54x9.05x0.95% 32.02B
56.71x9.46x34.88x0.14% 29.36B
12.49x1.19x6.98x2.24% 24.56B
8.79x0.65x5.85x4.41% 17.9B
12.26x0.52x5.03x3.3% 14.8B
13.94x3.98x10.39x0.06% 10.3B
12.94x0.83x6.32x3.02% 9.6B
Average 18.03x 2.45x 10.78x 1.89% 23.65B
Weighted average by Cap. 19.52x 2.62x 11.76x 1.58%

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