ArcelorMittal (MT) Stock Overview
Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for MT from our risk checks.
MT Community Fair Values
Create NarrativeSee what 52 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
ArcelorMittal S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €64.36 |
| 52 Week High | €68.56 |
| 52 Week Low | €28.84 |
| Beta | 1.75 |
| 1 Month Change | 0.28% |
| 3 Month Change | 6.20% |
| 1 Year Change | 117.51% |
| 3 Year Change | 164.26% |
| 5 Year Change | 136.53% |
| Change since IPO | -21.24% |
Recent News & Updates
Narrative Update • Sep 03
MT: Cloud Transformation Will Support Higher Margins And Future Upside
Analysts have raised their price target for ArcelorMittal from about €45.08 to about €80.12, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as the key drivers of the change. What’s in the News for ArcelorMittal ArcelorMittal confirmed a missile strike at its Ukraine operation ArcelorMittal Kryvih Rih, which injured 13 employees and contractors and resulted in the deaths of two people.
Narrative Update • Aug 20
MT: Cloud Partnerships And Operational Setbacks Will Shape A Balanced Outlook
Analysts have lifted their price target for ArcelorMittal from about €62 to roughly €67, citing updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E as key drivers behind the change. What’s in the News for ArcelorMittal Refurbishment of the former ArcelorMittal steel facility in Point Lisas, Trinidad and Tobago, has been launched as part of a US$250 million Pinnacle Steel and Vanadium redevelopment project, which aims to create hundreds of jobs during refurbishment and operations.Analysis Article • Aug 08
ArcelorMittal's (AMS:MT) Soft Earnings Don't Show The Whole Picture
ArcelorMittal S.A.'s ( AMS:MT ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...
Narrative Update • Aug 06
MT: Buybacks And Cloud Push Will Likely Leave Shares Overextended
Analysts have lifted their fair value estimate for ArcelorMittal from about €45.18 to roughly €50.05, citing updates in discount rate assumptions, revenue growth expectations, profit margin outlook, and the future P/E multiple as the key drivers of this change. What’s in the News for ArcelorMittal ArcelorMittal reported Q2 2026 EBITDA of US$2.1b, with EBITDA up 22.9% and support from stronger steel prices, increased shipments and higher crude steel production, including restarts in Europe and a recovery in Mexican long steel operations.Recent updates
Narrative Update • Sep 03
MT: Cloud Transformation Will Support Higher Margins And Future Upside
Analysts have raised their price target for ArcelorMittal from about €45.08 to about €80.12, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as the key drivers of the change. What’s in the News for ArcelorMittal ArcelorMittal confirmed a missile strike at its Ukraine operation ArcelorMittal Kryvih Rih, which injured 13 employees and contractors and resulted in the deaths of two people.Narrative Update • Aug 20
MT: Cloud Partnerships And Operational Setbacks Will Shape A Balanced Outlook
Analysts have lifted their price target for ArcelorMittal from about €62 to roughly €67, citing updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E as key drivers behind the change. What’s in the News for ArcelorMittal Refurbishment of the former ArcelorMittal steel facility in Point Lisas, Trinidad and Tobago, has been launched as part of a US$250 million Pinnacle Steel and Vanadium redevelopment project, which aims to create hundreds of jobs during refurbishment and operations.Analysis Article • Aug 08
ArcelorMittal's (AMS:MT) Soft Earnings Don't Show The Whole Picture
ArcelorMittal S.A.'s ( AMS:MT ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...Narrative Update • Aug 06
MT: Buybacks And Cloud Push Will Likely Leave Shares Overextended
Analysts have lifted their fair value estimate for ArcelorMittal from about €45.18 to roughly €50.05, citing updates in discount rate assumptions, revenue growth expectations, profit margin outlook, and the future P/E multiple as the key drivers of this change. What’s in the News for ArcelorMittal ArcelorMittal reported Q2 2026 EBITDA of US$2.1b, with EBITDA up 22.9% and support from stronger steel prices, increased shipments and higher crude steel production, including restarts in Europe and a recovery in Mexican long steel operations.Narrative Update • Jul 23
MT: Buybacks And Cloud Partnership Will Support A Balanced Medium-Term Outlook
Analysts have revised their price target for ArcelorMittal to €62.10 from €57.76, based on updated assumptions regarding revenue growth, profit margins, the discount rate, and future P/E multiples. What's in the News ArcelorMittal launched the second tranche of its 2025 to 2030 share buyback program after completing a first tranche of 10,000,000 shares repurchased at an average price of €49.32.Narrative Update • Jul 09
MT: Share Buybacks And AWS Deal Will Likely Leave Shares Overextended
Analysts have raised their price target on ArcelorMittal to €45.18 from €27.31, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E estimates. What's in the News ArcelorMittal completed the first tranche of its 2025-2030 share buyback program, repurchasing 10,000,000 shares at an average price of €49.32 per share.Narrative Update • Jun 25
MT: Cloud Automation And Dividends Will Support A Balanced Medium-Term Outlook
Analysts have made a marginal upward revision to the ArcelorMittal price target to €57.76 from €57.75. This reflects refreshed assumptions for fair value, discount rate and future P/E, while revenue growth and profit margin expectations remain broadly unchanged.Analysis Article • Jun 18
ArcelorMittal (ENXTAM:MT) Stock Looks Fully Valued Despite Strong Returns
ArcelorMittal (ENXTAM:MT) is back in focus after a recent valuation screen flagged the stock as significantly overvalued using the GF Value indicator, raising questions about downside risk despite supportive operational signals. See our latest analysis for ArcelorMittal. Despite the recent 4.9% drop linked to concerns about the GF Value indicator, ArcelorMittal’s share price has a 30 day return of 9.92% and a year to date share price return of 45.06%. The 1 year total shareholder return of...Narrative Update • Jun 08
MT: Dividend Strength And Growth Projects Will Support Balanced Future Outlook
Analysts have nudged their price target for ArcelorMittal higher to about €57.75 from roughly €56.46, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Q1 2026 net income of US$575 million and adjusted EPS of US$0.75–US$0.76, with record iron ore production in Liberia and reported improvement in EBITDA margins, according to recent earnings reports.Narrative Update • May 25
MT: Dividend Strength And Capital Returns Will Support Balanced Future Outlook
Analysts have lifted their price target for ArcelorMittal from about €55.03 to approximately €56.46, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E estimates. What's in the News Reported production results for the quarter ended 31 March 2026, with total Group iron ore production of 12.9 million tons, crude steel production of 13.3 million tons and steel shipments of 12.8 million tons, compared with 11.8 million tons of iron ore, 14.8 million tons of crude steel and 13.6 million tons of steel shipments in the same period a year earlier (Key Developments).Analysis Article • May 04
Results: ArcelorMittal S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts
Last week, you might have seen that ArcelorMittal S.A. ( AMS:MT ) released its quarterly result to the market. The...Narrative Update • Apr 22
MT: Low Carbon Furnace And Higher Dividend Will Shape Balanced Future Outlook
ArcelorMittal's analyst price target has shifted from €54.13 to €55.03. Analysts cite revised fair value assumptions, a slightly lower discount rate, and updated expectations for revenue growth, profit margins, and future P/E as the key drivers behind this adjustment.Narrative Update • Apr 08
MT: Low Carbon Furnace Build And Higher Dividend Will Support Future Upside
Analysts now estimate a slightly higher fair value for ArcelorMittal, with the updated price target moving to about €54.13 from roughly €54.11. This reflects revised assumptions on discount rate, revenue growth, profit margins and future P/E.Narrative Update • Mar 23
MT: Low Carbon Furnace Investment And Rising Dividend Will Support Future Upside
Analysts have adjusted their ArcelorMittal price target slightly lower from €54.63 to €54.11, reflecting modest changes to assumptions for discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Confirmed construction of a 2 million tonne electric arc furnace at Dunkirk, a €1.3b project supported 50% by Energy Efficiency Certificates and scheduled to start up in 2029.Narrative Update • Mar 07
MT: Low Carbon Projects And Dividend Commitment Will Support Bullish Outlook
Analysts have revised their price target for ArcelorMittal from €51.04 to €54.63, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Plans have been confirmed to build a 2 million tonne electric arc furnace at the Dunkirk site in France.Narrative Update • Feb 21
MT: Steel Cycle Resilience And Capital Returns Will Support Balanced Outlook
Analysts have lifted their ArcelorMittal price target from about €47.02 to roughly €51.04, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that collectively support a higher assessed value. What's in the News ArcelorMittal plans to build a 2 million tonne electric arc furnace at its Dunkirk site in France.Analysis Article • Feb 12
Further Upside For ArcelorMittal S.A. (AMS:MT) Shares Could Introduce Price Risks After 34% Bounce
Despite an already strong run, ArcelorMittal S.A. ( AMS:MT ) shares have been powering on, with a gain of 34% in the...Narrative Update • Feb 06
MT: Steel Cycle Resilience And Asset Moves Will Support Balanced Returns
Analysts have raised their price target for ArcelorMittal to approximately €47 from about €43, citing updated assumptions that include an improved profit margin outlook and a slightly lower future P/E multiple. These changes are partially offset by more cautious revenue growth expectations and a modestly higher discount rate.Narrative Update • Jan 23
MT: Renewables Expansion And Asset Sales Will Support Balanced Returns Going Forward
Analysts have lifted their price target on ArcelorMittal to €43.34 from €39.20, citing updated assumptions around slightly lower discount rates, firmer revenue growth, improved profit margins and a marginally adjusted future P/E multiple. What's in the News ArcelorMittal plans three new renewable energy projects in India with a combined 1GW of solar and wind capacity.Narrative Update • Jan 08
MT: Renewable Projects And Buybacks Will Support Balanced Returns Going Forward
Narrative Update: ArcelorMittal Analyst Price Target Analysts now see slightly higher long term value for ArcelorMittal, lifting their fair value estimate from €37.47 to €39.20 as they adjust assumptions around discount rate, revenue growth, profit margins and future P/E. What's in the News ArcelorMittal plans three new renewable energy projects in India with 1 GW of combined solar and wind capacity, taking its total renewable capacity in the country to 2 GW and global capacity to 3.3 GW.Analysis Article • Dec 19
Estimating The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)
Key Insights The projected fair value for ArcelorMittal is €35.65 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Dec 16
MT: Share Buybacks And Iron Ore Output Will Support Balanced Returns Ahead
Narrative Update on ArcelorMittal Analysts have modestly raised their price target on ArcelorMittal by about 1 percent to approximately $37.47. This reflects slightly higher expected profit margins and a marginally richer future earnings multiple, while growth assumptions remain largely unchanged.Narrative Update • Dec 02
MT: Share Buybacks And Iron Ore Output Will Support Measured Returns Ahead
Analysts have raised their price target for ArcelorMittal by approximately $0.69 per share to $37.48, citing marginal improvements in the company's projected fair value, discount rate, revenue growth, and profit margin estimates. What's in the News ArcelorMittal completed the repurchase of 2,000,000 shares, totaling €59.55 million, as part of the buyback program announced in April 2025.Narrative Update • Nov 18
MT: Steady Iron Ore Production And Buybacks Will Drive Measured Financial Progress
Analysts have raised their price target for ArcelorMittal from $34.44 to $36.80, citing modest improvements in profit margin projections and updated valuation assumptions. What's in the News ArcelorMittal completed a share buyback of 2,000,000 shares for €59.55 million, representing 0.26% of shares under the program announced in April 2025 (Key Developments).Analysis Article • Nov 14
Concerns Surrounding ArcelorMittal's (AMS:MT) Performance
The market for ArcelorMittal S.A.'s ( AMS:MT ) stock was strong after it released a healthy earnings report last week...Analysis Article • Nov 11
ArcelorMittal S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Investors in ArcelorMittal S.A. ( AMS:MT ) had a good week, as its shares rose 2.9% to close at €33.97 following the...Narrative Update • Nov 01
MT: Incremental Margin Improvement And Project Delays Will Shape Medium-Term Market Expectations
Analysts have slightly raised their price target for ArcelorMittal from $33.68 to $34.44. They cite incremental improvements in profit margin and future valuation metrics as key drivers for the update.Narrative Update • Oct 18
Europe Reforms And Green Steel Investments Will Open Markets
Analysts have raised their price target for ArcelorMittal from $31.59 to $33.68, citing a slight improvement in profit margin forecasts and updated valuation assumptions. What's in the News ArcelorMittal announced it will step back from the proposed joint venture with SigmaRoc for developing net-zero CO2 lime kilns in Dunkirk, citing concerns about project execution and permit delays (Key Developments).Narrative Update • Oct 04
Europe Reforms And Green Steel Investments Will Open Markets
Analysts have raised their price target for ArcelorMittal from $30.71 to $31.59, citing moderate improvements in expected revenue growth, which offset a slight dip in profit margin forecasts. What's in the News ArcelorMittal has stepped back from its joint venture with SigmaRoc for developing net-zero CO2 lime kilns in Dunkirk, due to concerns over permitting delays.
New Narrative • Apr 24
Brazil, Mexico And India Projects Will Secure Sustainable Steel Leadership
Completion of strategic projects and acquisitions is expected to enhance revenue, earnings, and cash flow through increased EBITDA and structural earnings.Shareholder Returns
| MT | NL Metals and Mining | NL Market | |
|---|---|---|---|
| 7D | -4.3% | -2.8% | 0.07% |
| 1Y | 117.5% | 67.3% | 34.6% |
Return vs Industry: MT exceeded the Dutch Metals and Mining industry which returned 67.3% over the past year.
Return vs Market: MT exceeded the Dutch Market which returned 34.6% over the past year.
Price Volatility
| MT volatility | |
|---|---|
| MT Average Weekly Movement | 5.2% |
| Metals and Mining Industry Average Movement | 6.2% |
| Market Average Movement | 4.0% |
| 10% most volatile stocks in NL Market | 7.7% |
| 10% least volatile stocks in NL Market | 2.3% |
Stable Share Price: MT has not had significant price volatility in the past 3 months compared to the Dutch market.
Volatility Over Time: MT's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1976 | 125,554 | Aditya Mittal | corporate.arcelormittal.com |
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal.
ArcelorMittal S.A. Fundamentals Summary
| MT fundamental statistics | |
|---|---|
| Market cap | €48.77b |
| Earnings (TTM) | €1.56b |
| Revenue (TTM) | €54.22b |
31.0x
P/E Ratio0.9x
P/S RatioIs MT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MT income statement (TTM) | |
|---|---|
| Revenue | US$62.85b |
| Cost of Revenue | US$57.19b |
| Gross Profit | US$5.66b |
| Other Expenses | US$3.85b |
| Earnings | US$1.81b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 05, 2026
| Earnings per share (EPS) | 2.40 |
| Gross Margin | 9.00% |
| Net Profit Margin | 2.88% |
| Debt/Equity Ratio | 23.5% |
How did MT perform over the long term?
See historical performance and comparisonDividends
0.8%
Current Dividend Yield25%
Payout RatioDoes MT pay a reliable dividends?
See MT dividend history and benchmarks| ArcelorMittal dividend dates | |
|---|---|
| Ex Dividend Date | Nov 12 2026 |
| Dividend Pay Date | Dec 02 2026 |
| Days until Ex dividend | 61 days |
| Days until Dividend pay date | 81 days |
Does MT pay a reliable dividends?
See MT dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 18:07 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ArcelorMittal S.A. is covered by 44 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Óscar Rodriguez Rouco | Banco de Sabadell. S.A. |
| Robert Jackson | Banco Santander |
| Vincent Lepine | Barclays |