ArcelorMittal SA logo

MTS - ArcelorMittal SA News Story

€24.48 -0.4  -1.5%

Last Trade - 03/12/21

Basic Materials
Large Cap
Market Cap £20.38bn
Enterprise Value £24.97bn
Revenue £52.87bn
Position in Universe 15th / 733

BUZZ-CS flags ArcelorMittal's attractive long- and short-term valuation

Thu 14th October, 2021 7:58am
** Credit Suisse upgrades steel giant ArcelorMittal  MT.AS 
to "outperform" from "neutral", pointing to an attractive entry
point considering current share price 
    ** It also stresses an improved balanced sheet and
expectations of strong FCF yields over the next couple of years 
    ** The brokerage says the stock trades at 2.8x next year's
estimated EBITDA, and screens "cheap" as the current price
reflects a normalised EBITDA/t of $92/t - "a discount of 15%
compared to the historical average"
    ** CS adds the group will likely generate $17.5 billion in
FCF over the next three years, adding that "risk-reward for the
stock is now skewed to the upside"
    ** Among 19 analysts, 18 rate ArcelorMittal "strong
buy/buy," and ​one "hold" 

 (Reporting by Olivier Sorgho)
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