ArcelorMittal Piotroski F Score

MT
 Stock
  

USD 27.09  0.59  2.23%   

This module uses fundamental data of ArcelorMittal to approximate its Piotroski F score. ArcelorMittal F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of ArcelorMittal SA ADR. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about ArcelorMittal financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see ArcelorMittal Altman Z Score, ArcelorMittal Correlation, ArcelorMittal Valuation, as well as analyze ArcelorMittal Alpha and Beta and ArcelorMittal Hype Analysis.
  
ArcelorMittal Total Debt is comparatively stable at the moment as compared to the past year. ArcelorMittal reported Total Debt of 8.4 Billion in 2021. Debt Current is likely to gain to about 2.2 B in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (5.3 B) in 2022. ArcelorMittal Enterprise Value over EBIT is comparatively stable at the moment as compared to the past year. ArcelorMittal reported Enterprise Value over EBIT of 2.00 in 2021. Enterprise Value over EBITDA is likely to gain to 2.84 in 2022, whereas Price to Sales Ratio is likely to drop 0.43 in 2022.
At this time, it appears that ArcelorMittal's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

ArcelorMittal Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to ArcelorMittal is to make sure ArcelorMittal is not a subject of accounting manipulations and runs a healthy internal audit department. So, if ArcelorMittal's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if ArcelorMittal's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted1.1 B1.1 B
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares1.1 B1.1 B
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.190.173
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations10.7 B9.9 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities22 B24.2 B
Significantly Down
Decreasing
Stable
Total Liabilities41.8 B39.2 B
Notably Up
Decreasing
Slightly volatile
Gross Margin0.270.251
Significantly Up
Increasing
Slightly volatile
Total Debt11.7 B8.4 B
Significantly Up
Decreasing
Slightly volatile
Asset Turnover0.910.887
Fairly Up
Increasing
Slightly volatile
Current Assets30.8 B34.9 B
Fairly Down
Decreasing
Stable
Total Assets87.3 B90.5 B
Sufficiently Down
Decreasing
Slightly volatile

ArcelorMittal SA ADR F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between ArcelorMittal's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards ArcelorMittal in a much-optimized way.

About ArcelorMittal Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

EBITDA Margin

0.3

ArcelorMittal EBITDA Margin is comparatively stable at the moment as compared to the past year. ArcelorMittal reported EBITDA Margin of 0.28 in 2021

ArcelorMittal Current Valuation Drivers

We derive many important indicators used in calculating different scores of ArcelorMittal from analyzing ArcelorMittal's financial statements. These drivers represent accounts that assess ArcelorMittal's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ArcelorMittal's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets80.22 B88.27 B89.58 B84.98 B86.28 B85.85 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA8.64 B9.81 B2.72 B5.15 B21.09 B22.76 B
Earnings Before Interest Taxes and Depreciation Amortization USD8.64 B9.81 B2.72 B5.15 B21.09 B22.76 B
Earnings before Tax5 B4.8 B(2 B)933 M17.42 B18.79 B
Average Equity34.46 B40.44 B40.3 B38.4 B43.69 B40.62 B
Enterprise Value44.08 B31.22 B27.91 B32.52 B41.12 B37.37 B
Free Cash Flow1.74 B891 M2.25 B1.5 B6.88 B7.43 B
Invested Capital68.29 B72.19 B70.66 B61.8 B66.11 B67.73 B
Invested Capital Average65.36 B70.24 B71.43 B66.23 B63.95 B67.35 B
Market Capitalization33.02 B21.08 B17.78 B23.18 B34.4 B31.29 B
Tangible Asset Value79.56 B85.52 B82.48 B77.74 B86.09 B82.01 B
Working Capital5.33 B9.02 B7.33 B5.31 B10.77 B8.79 B

About ArcelorMittal Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ArcelorMittal SA ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ArcelorMittal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ArcelorMittal SA ADR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg. Arcelormittal ADR operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 158000 people.

ArcelorMittal Investors Sentiment

The influence of ArcelorMittal's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ArcelorMittal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to ArcelorMittal's public news can be used to forecast risks associated with investment in ArcelorMittal. The trend in average sentiment can be used to explain how an investor holding ArcelorMittal can time the market purely based on public headlines and social activities around ArcelorMittal SA ADR. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
ArcelorMittal's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ArcelorMittal's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ArcelorMittal's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ArcelorMittal.

ArcelorMittal Implied Volatility

    
  52.95  
ArcelorMittal's implied volatility exposes the market's sentiment of ArcelorMittal SA ADR stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ArcelorMittal's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ArcelorMittal stock will not fluctuate a lot when ArcelorMittal's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ArcelorMittal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ArcelorMittal's short interest history, or implied volatility extrapolated from ArcelorMittal options trading.

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Additionally, see ArcelorMittal Altman Z Score, ArcelorMittal Correlation, ArcelorMittal Valuation, as well as analyze ArcelorMittal Alpha and Beta and ArcelorMittal Hype Analysis. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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Is ArcelorMittal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ArcelorMittal. If investors know ArcelorMittal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ArcelorMittal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.73) 
Market Capitalization
21.8 B
Quarterly Revenue Growth YOY
(0.06) 
Return On Assets
0.1037
Return On Equity
0.2608
The market value of ArcelorMittal SA ADR is measured differently than its book value, which is the value of ArcelorMittal that is recorded on the company's balance sheet. Investors also form their own opinion of ArcelorMittal's value that differs from its market value or its book value, called intrinsic value, which is ArcelorMittal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ArcelorMittal's market value can be influenced by many factors that don't directly affect ArcelorMittal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ArcelorMittal's value and its price as these two are different measures arrived at by different means. Investors typically determine ArcelorMittal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcelorMittal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.