ArcelorMittal (MT) – Progressing well on the planned expansion

ArcelorMittal (MT) Equity Report (Q2FY23)

Stock Performance

Over the past 3 years, ArcelorMittal generated returns of 126% where the stock price surged from €10.69 in Sep 07, 2020 to €24.2 in Sep 08, 2023. The stock had a 200-Day Moving Average of €25.92 and a 50-Day Moving Average of €24.75.

In the past 1 year, MT delivered returns of 2% where the stock price increased from €23.69 in Sep 12, 2022 to €24.2 in Sep 08, 2023. The stock had a 52 Week High of €30.51 and a 52 Week Low of $19.4.

Over the past 3 months, MT’s stock price decreased by -2% from €25.33 in Jun 08, 2023 to €24.2 in Sep 08, 2023.

Quarter Performance

In Q2FY23, MT’s revenue declined by -16% to $18.6bn from $22.14bn in Q2FY22. Net income of the company decreased by -53% to $1.86bn from $3.92bn in Q2FY22 and the
EPS declined by -48% to $2.2 from $4.24 in Q2FY22.

Highlights

MT’s smart carbon technologies is also progressing, and the company is strengthening its vertical integration of lower carbon supply chains by securing and developing some of the
resources that it will require to decarbonize.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Price Performance

Crispidea Coverage

No of Pages: 36

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