|Bid||34.86 x 1800|
|Ask||34.87 x 4000|
|Day's range||34.67 - 35.45|
|52-week range||19.59 - 37.50|
|PE ratio (TTM)||7.81|
|Earnings date||21 Feb 2017 - 27 Feb 2017|
|Forward dividend & yield||0.10 (0.28%)|
|1y target est||41.73|
The world's largest steelmaker ArcelorMittal says the outlook for 2018 has improved after a sharp pick-up in steel prices helped it deliver higher-than-expected first-quarter earnings. As David Pollard reports, its shares were one of the strongest performers on Europe's leading share index after it posted Q1 EBITDA at $2.51 bln.
In this final part of the series, we’ll see how the markets are valuing Cleveland-Cliffs (CLF) stock compared to its peers and the historical multiple.
In this article, we’ll do a comparative analysis of steel companies’ 1Q18 free cash flows. You can define free cash flow as operating cash flow minus capital expenditure (or capex). It’s a measure of a business’s cash flow generation capacity.
Previously in this series, we compared steel companies’ 1Q18 shipments and ASPs (average selling price). In this article, we’ll take a look at their 1Q18 EBITDAs (earnings before interest, tax, depreciation, and amortization).
16 May 2018 - The Extraordinary General Meeting (EGM) of shareholders of ArcelorMittal held today in Luxembourg approved the resolution on the EGM agenda by a strong majority. The results of the votes will be posted shortly on corporate.arcelormittal.com under "Investors Equity Investors Shareholders' meetings Extraordinary General Meeting of shareholders, 16 May 2018" where the full documentation regarding to the general meeting is available. ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.
Previously in this series, we did a comparative analysis of steel companies’ 1Q18 shipments. In this article, we’ll look at their ASPs (average selling price).
Steel companies’ revenues are a function of average steel prices and shipments, so it’s pertinent for steel investors to follow quarterly production and shipment data.
During the 4Q17 earnings call, ArcelorMittal (MT) announced its plan to restore the annual dividend program that was suspended in 2015. The company has reinstated its annual dividend at $0.10 per share from this year. Meanwhile, ArcelorMittal intends to pay dividends as a percentage of its free cash flows once its net debt falls below $6 billion. As of March 31, ArcelorMittal had a net debt of $11.1 billion. The company’s net debt rose almost $1 billion from the sequential quarter amid working capital buildup, a share buyback, and the forex impact in the quarter.
The US steel industry has seen considerable action in 1Q18. In March, President Donald Trump imposed tariffs on steel imports, acting on the results of the US Department of Commerce’s Section 232 investigation.
In this part, we’ll discuss some of the key takeaways from ArcelorMittal’s 1Q18 financial results. The company reported revenues of $19.2 billion in 1Q18—compared to $17.7 billion in 4Q17 and $16.0 billion in 1Q17. ArcelorMittal’s 1Q18 revenues were the highest since 3Q14. The company recorded multiyear highs on several other metrics during the quarter.
François Perras has worked for only one company since graduating from university 18 years ago. First, his employer, ArcelorMittal, the world’s largest steel producer, is big enough to offer career progression through different parts of the business every couple of years. The second reason is that ArcelorMittal has the resources to develop his skills as a leader through its own university, so Perras has not felt the need to quit his job to study at business school full time.
India’s new bankruptcy law is being bogged down by bitter court room disputes that include the likes of ArcelorMittal and the Tata Group -- jeopardizing the law’s promise of time-bound resolution in a country famous for its sluggish legal system. None of the 12 large debtor companies that the central bank forced into bankruptcy court in June have been sold yet. The National Company Law Tribunal or NCLT, in charge of the process, has extended a 270-day deadline enshrined in the law for Bhushan Power & Steel Ltd. and Essar Steel India Ltd. by excluding the days under litigation.
ArcelorMittal (MT), the world’s largest steel producer, released its 1Q18 earnings today, May 11. ArcelorMittal’s 1Q18 EBITDA (earnings before interest, tax, depreciation, and amortization) jumped 12.6% year-over-year to $2.5 billion. ArcelorMittal’s 1Q18 earnings were better-than-expected, and the stock was trading higher in initial trade on European exchanges.
Luxembourg, May 11, 2018- ArcelorMittal, the world's leading integrated steel and mining company, today announced results for the three-month period ended March 31, 2018.. Lakshmi N. Mittal, ArcelorMittal ...
The 1Q18 earnings season is nearly over, and most US-based steel companies have released their quarterly earnings. ArcelorMittal (MT), the world’s largest steel producer, is scheduled to release its 1Q18 earnings on May 11. You can read Word on the Street ahead of ArcelorMittal’s 1Q18 Earnings to explore what analysts are projecting for ArcelorMittal’s 1Q18 earnings.
U.S. Steel Corporation: Has the Storm Settled Down? U.S. Steel Corporation (X) is valued at an EV of 4.35x its 2018 consensus EBITDA and 4.13x its 2019 expected EBITDA. AK Steel (AKS) and Steel Dynamics (STLD) are trading at 2018 EV-to-EBITDA multiples of 6.42x and 6.22x, respectively.
Zacks Industry Outlook Highlights: Nucor, Commercial Metals, ArcelorMittal and Steel Dynamics
9 May 2018 - The Annual General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority. 70.12% of the voting rights were represented at the general meeting. The results of the votes will be posted shortly on www.arcelormittal.com under "Investors Equity Investors Shareholders' meetings Annual General Meeting of shareholders, 9 May 2018" where the full documentation regarding the general meeting is available.
ArcelorMittal (MT) subsidiary ArcelorMittal India Private has bid to acquire Essar Steel. According to ArcelorMittal CEO Lakshmi Mittal, “Essar provides a compelling opportunity for ArcelorMittal to enter the high growth Indian steel market.”
On May 7, ArcelorMittal (MT), the world’s biggest steel producer, announced that it had received permission from the European Commission to acquire Ilva. The acquisition is expected to enhance ArcelorMittal’s presence in Italy, Europe’s second-largest steel-consuming region. Despite getting most its revenue from Europe, ArcelorMittal had a limited presence in Italy prior to this deal. The European Commission’s final permission was largely expected after ArcelorMittal agreed to divest some of its assets in Europe.
U.S. Steel Corporation: Has the Storm Settled Down? Like other steel producers, 2018 has been dismal for U.S. Steel Corporation (X). In our coverage of steel stocks, AK Steel (AKS) has lost 23.7%—the most during this period.