Arcelor Mittal NY Registry Shares NEW (MT) Company Bio
ArcelorMittal is a steel and mining company which produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes, as well as various types of mining products, including iron ore lump, fines, concentrate and sinter feed, coking, pulverized coal injection and thermal coal. The company was founded in 1976 and is based in Luxembourg.
MT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for MT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that ArcelorMittal ranked in the 80th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for MT, they are:
The company's balance sheet shows it gets 50% of its capital from equity, and 50% of its capital from debt. Notably, its equity weight is greater than only 17.56% of US equities in the Basic Materials sector yielding a positive free cash flow.
ArcelorMittal's effective tax rate, as measured by taxes paid relative to net income, is at 396 -- greater than 99.22% of US stocks with positive free cash flow.
ArcelorMittal's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.21. This coverage rate is greater than that of merely 24.4% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MT, try TGLS, WLKP, ODC, BXC, and SUM.
To fulfill the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and carbon emissions target of net zero by 2050, ArcelorMittal (MT) has identified two low-emissions steelmaking routes.The Hydrogen-DRI route, which uses hydrogen as a reducing agent. A demonstration plant in Hamburg, where ArcelorMittal...
Conshohocken's ArcelorMittal Plant Sold In $1.4 Billion Deal - Plymouth-Whitemarsh, PA - ArcelorMittal and its plants in Conshohocken and Coatesville have been sold in a massive transaction reshaping the global steel landscape.
Today, CFO Aditya Mittal of ArcelorMittal, the world’s largest steel company, pledged to achieve carbon neutrality company-wide by 2050. This pledge from Mr. Mittal comes after two years of Mighty Earth’s campaign to push the global steel industry toward carbon neutrality commitments. Q2 2020 hedge fund letters, conferences and more ArcelorMittal’s Pledge To Achieve Carbon […] The post ArcelorMittal’s New Carbon-Neutral Commitment Could Catalyze Steel Industry Transformation appeared first on ValueWalk .