ArcelorMittal Z Score

MT Stock  USD 32.25  0.80  2.54%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Additionally, see ArcelorMittal Piotroski F Score and ArcelorMittal Valuation analysis.
  
ArcelorMittal Return on Invested Capital is comparatively stable at the moment as compared to the past year. ArcelorMittal reported Return on Invested Capital of 0.33 in 2022. Invested Capital is likely to gain to about 64.3 B in 2023, whereas Working Capital is likely to drop slightly above 8.2 B in 2023. ArcelorMittal Operating Expenses is comparatively stable at the moment as compared to the past year. ArcelorMittal reported Operating Expenses of 2.03 Billion in 2022. Operating Income is likely to gain to about 21.1 B in 2023, whereas Weighted Average Shares Diluted is likely to drop slightly above 1.2 B in 2023.

ArcelorMittal Z Score Analysis

ArcelorMittal's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current ArcelorMittal Z Score

    
  2.4  
Most of ArcelorMittal's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ArcelorMittal SA ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

ArcelorMittal Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for ArcelorMittal is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since ArcelorMittal's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ArcelorMittal's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ArcelorMittal's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, ArcelorMittal SA ADR has a Z Score of 2.4. This is 4.38% lower than that of the Metals & Mining sector and 58.94% higher than that of the Materials industry. The z score for all United States stocks is 72.48% higher than that of the company.

ArcelorMittal Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ArcelorMittal's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ArcelorMittal could also be used in its relative valuation, which is a method of valuing ArcelorMittal by comparing valuation metrics of similar companies.
ArcelorMittal is currently under evaluation in z score category among related companies.

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.
201820192020202120222023 (projected)
Average Assets88.27 B89.58 B84.98 B86.28 B77.65 B81.31 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA9.81 B2.72 B5.15 B21.09 B24.26 B26.17 B
Earnings Before Interest Taxes and Depreciation Amortization USD9.81 B2.72 B5.15 B21.09 B24.26 B26.17 B
Earnings before Tax4.8 B(2 B)933 M17.42 B20.03 B21.61 B
Average Equity40.44 B40.3 B38.4 B43.69 B39.32 B38.32 B
Enterprise Value31.22 B27.91 B32.52 B41.12 B37.01 B35.2 B
Free Cash Flow891 M2.25 B1.5 B6.88 B7.92 B8.54 B
Invested Capital72.19 B70.66 B61.8 B66.11 B59.5 B64.25 B
Invested Capital Average70.24 B71.43 B66.23 B63.95 B57.56 B63.98 B
Market Capitalization21.08 B17.78 B23.18 B34.4 B39.56 B34.01 B
Tangible Asset Value85.52 B82.48 B77.74 B86.09 B77.48 B77.48 B
Working Capital9.02 B7.33 B5.31 B10.77 B9.69 B8.23 B

ArcelorMittal Institutional Holders

Institutional Holdings refers to the ownership stake in ArcelorMittal that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ArcelorMittal's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ArcelorMittal's value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares757.6 K6.3 M
Zurcher Kantonalbank Zurich CantonalbankDebt986 K999 K
Zions Bancorporation NaCommon Shares49110 K
Zions Bancorporation NaCommon Shares42610 K
Zions Bancorporation NaCommon Shares41613 K
Zions Bancorporation NaCommon Shares35711 K
Zions Bancorporation NaCommon Shares36511 K
Zions Bancorporation NaCommon Shares36511 K

ArcelorMittal Fundamentals

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.

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Additionally, see ArcelorMittal Piotroski F Score and ArcelorMittal Valuation analysis. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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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
(0.73) 
Market Capitalization
26 B
Quarterly Revenue Growth
(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.