ArcelorMittal: Low Valuation And Economic Tailwinds Could Lead To A Stock Rebound

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RadaEcoWatch
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(9min)

Summary

  • ArcelorMittal, a global steel producer, is strategically exiting challenging markets and investing in high-value assets, despite an 11.6% YTD stock decline.
  • Q3 2024 results showed revenue fell 8.5% YoY, but EBITDA exceeded estimates by 15% due to effective cost control.
  • MT stock's low historical multiples and positive earnings revisions suggest a 25% upside potential, supported by macroeconomic tailwinds and shareholder remuneration policies.
  • Analysts maintain a positive outlook with 10 Buy recommendations, and technical indicators signal a potential recovery phase for the stock.

Worker pouring molten metal from flask in foundry workshop

Monty Rakusen

Company Description

ArcelorMittal (NYSE:MT) is a global steel producer with operations spanning 15 countries and four continents, involved in the entire steel value chain. North America is the largest contributor to EBITDA, accounting for 44%, and the company is increasing

This article was written by

RadaEcoWatch profile picture
341 Followers
Analyzing economic outlook and specific company situations to discover market opportunities

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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