Don't Buy Arcelor Mittal Before Checking Its Fundamentals!

By Naomi Wentworth • Tuesday, December 19 12:29 • Permanent Link

More and more people are talking about Arcelor Mittal over the last few weeks. Is it worth buying the Steel stock at a price of $28.77? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Arcelor Mittal has moved 11.5% over the last year, and the S&P 500 logged a change of 24.0%
MT has an average analyst rating of buy and is -14.75% away from its mean target price of $33.74 per share
Its trailing earnings per share (EPS) is $5.02
Arcelor Mittal has a trailing 12 month Price to Earnings (P/E) ratio of 5.7 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $3.99 and its forward P/E ratio is 7.2
The company has a Price to Book (P/B) ratio of 0.44 in contrast to the S&P 500's average ratio of 2.95
Arcelor Mittal is part of the Industrials sector, which has an average P/E ratio of 22.19 and an average P/B of 4.06
MT has reported YOY quarterly earnings growth of -0.9% and gross profit margins of 0.1%
The company has a free cash flow of $3.62 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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, concentrates, pellets, and sinter feeds; and coking and pulverized coal injections coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.