What is the intrinsic value of MT.AS?

As of 2025-05-12, the Intrinsic Value of ArcelorMittal SA (MT.AS) is 38.80 EUR. This MT.AS valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 26.67 EUR, the upside of ArcelorMittal SA is 45.50%.

The range of the Intrinsic Value is 29.79 - 56.29 EUR

Is MT.AS undervalued or overvalued?

Based on its market price of 26.67 EUR and our intrinsic valuation, ArcelorMittal SA (MT.AS) is undervalued by 45.50%.

	Range	Selected	Upside
a
DCF (Growth 5y)	29.79 - 56.29	38.80	45.5%
DCF (Growth 10y)	30.80 - 53.89	38.71	45.2%
DCF (EBITDA 5y)	28.61 - 38.19	32.95	23.6%
DCF (EBITDA 10y)	30.30 - 40.02	34.67	30.0%
Fair Value	34.90 - 34.90	34.90	30.84%
P/E	14.04 - 29.28	21.65	-18.8%
EV/EBITDA	23.41 - 32.81	28.29	6.1%
EPV	281.12 - 341.59	311.36	1067.4%
DDM - Stable	10.63 - 24.89	17.76	-33.4%
DDM - Multi	22.12 - 39.21	28.18	5.7%