ArcelorMittal SA header image

ArcelorMittal SA

MT

Equity

ISIN US03938L2034 / Valor 36786071

CTA NASDAQ OMX Stock Exchange (2024-12-23)
USD 23.09-0.35%

ArcelorMittal SA
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About company

ArcelorMittal SA is a global leader in the steel and mining sector, with operations spanning 15 countries and a customer base in over 140 countries. As of the end of 2023, the company boasts a workforce of approximately 126,756 employees and has produced 58.1 million tonnes of crude steel, while its steel shipments totaled 55.6 million tonnes for the same period. ArcelorMittal is deeply invested in research and development, with 14 research centers, over 1,700 full-time researchers, and more than 100 R&D programs in progress, aiming to innovate in the production of cleaner, stronger, and more sustainable steel. This includes the development of steels for use in electric vehicles and renewable energy infrastructure, reflecting the company's commitment to supporting societal transformations through advanced materials. ArcelorMittal's portfolio includes over 200 trademarked products and 831 active patent families, underscoring its role as a key player in the future of steel manufacturing and its applications across various industries.

Summarized from source with an LLMView SourceSector: Energy

Latest Results (20.08.2024):

Revenue Growth

ArcelorMittal SA reported a significant increase in revenue for the first quarter of 2024, reaching $16.3 billion. This marks an 11.9% rise compared to the $14.6 billion recorded in the fourth quarter of 2023. The growth was driven by higher average steel selling prices and increased steel shipment volumes.

EBITDA Improvement

The company's EBITDA for the first quarter of 2024 was $1.956 billion, a 34.6% increase from the $1.454 billion reported in the fourth quarter of 2023. This improvement was primarily due to better performance in North America, Brazil, Europe, and India, as well as contributions from joint ventures, despite lower results in the Mining segment.

Net Income Turnaround

ArcelorMittal SA achieved a net income of $0.9 billion in the first quarter of 2024, a significant turnaround from the net loss of $3.0 billion in the fourth quarter of 2023. The adjusted net income for the previous quarter was $1.0 billion, excluding non-cash impairments and charges related to the sale of Kazakhstan operations.

Free Cash Flow

The company experienced a free cash outflow of $1.4 billion during the first quarter of 2024. This was primarily due to a seasonal working capital investment of $1.7 billion and capital expenditures of $1.2 billion in support of strategic growth projects.

Net Debt Position

ArcelorMittal SA's net debt at the end of the first quarter of 2024 stood at $4.8 billion, compared to $2.9 billion at the end of December 2023. Despite strategic growth capital expenditures of $1.6 billion and shareholder returns totaling $1.7 billion over the past 12 months, the company's net debt has declined by $0.4 billion, highlighting its strong underlying cash-generating capacity.

Summarized from source with an LLMView Source

Key figures

-19.4%1Y
-28.1%3Y
29.5%5Y

Performance

29.0%1Y
37.4%3Y
48.0%5Y

Volatility

Market cap

M

Market cap (USD)

Daily traded volume (Shares)

212,780

Daily traded volume (Shares)

1 day high/low

23.125 / 22.87

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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