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ArcelorMittal (AMSYF) stock analysis

AMSYFOTCSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends December 31Also trades as ARCXF, MT
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 6, 2026Score 7/30
$64.00+0.00 (0.00%)

Close on Oct 19, 2026Market cap $48.71BP/E 15.6Yield –

StockData Score

Prices as of Oct 30, 2026How the score works

Value0Growth0Performance2Health5Dividend0

Weak7 of 30 checks passed

ArcelorMittal passes 7 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
0/6
Past performance
2/6
Financial health
5/6
Dividend
0/6

What stands out

  • Low debt

    Debt is 26.3% of shareholders' equity, under the 40% we consider low.

  • Interest well covered

    Operating income covers interest expense 6.3 times.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 33.3% of total debt.

  • Return on equity above the industry

    ArcelorMittal's return on equity of 5.8% is above the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 3.6%.

What to watch

  • Return on equity under 15%

    Return on equity was 5.8% over the last twelve months and averaged 12.6% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 5.1%, below the 10% that usually covers the cost of capital.

  • Revenue growing under 10% a year

    Revenue grew -8.4% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -26.1% a year over the last three fiscal years.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth0/6

  • Revenue growing under 10% a year

    Revenue grew -8.4% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -26.1% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew -1.7% over the last twelve months; the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median is 6.6%.

  • Guidance lowered

    ArcelorMittal lowered its 12M 2026 net interest expense outlook on Jul 30, 2026.

  • Gross margin slipping

    Gross margin was 7.1% over the last twelve months, against 9.3% a year earlier.

Past performance2/6

  • Return on equity under 15%

    Return on equity was 5.8% over the last twelve months and averaged 12.6% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 5.1%, below the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    ArcelorMittal's return on equity of 5.8% is above the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 3.6%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was 5.1% over the last twelve months, against a 5-year average of 8.0%.

  • Net margin above the industry

    ArcelorMittal's net margin of 5.1% is above the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 3.6%.

Financial health5/6

  • Low debt

    Debt is 26.3% of shareholders' equity, under the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 32.2% five years ago to 26.3%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 33.3% of total debt.

  • Interest well covered

    Operating income covers interest expense 6.3 times.

  • Short-term assets cover short-term debts

    Current assets are 1.43 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    ArcelorMittal has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for ArcelorMittal. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$88.33M
Value traded per 1% price move
$56.90M

Downside

Medium risk

Typical loss in a bad month
22.2%
Volatility (annualized)
44%
Sharpe ratio, 1 year
1.12
Beta to the S&P 500 (5Y)
1.23

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2014 to 2025

Gross margin

7.1%−0.6 pts over 5 years

Operating margin

5.9%+2.0 pts over 5 years

Net margin

5.1%+6.5 pts over 5 years