Analysts have a consensus target price of $4.06 in the 12-month period. The 52-week price range is $2.93-$11.95 and the company has a market capitalization of $13.49 billion. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 5 has assigned a hold rating, 0 says it’s a buy, and 0 have assigned a strong buy rating to the company.
ArcelorMittal SA (ADR) (MT) on February 5, 2016 announced results for the three and twelve month periods ended December 31, 2015.
Highlights:
- Health and safety performance improved in FY 2015 with annual LTIF rate of 0.81x as compared to 0.85x in FY 2014
- FY 2015 EBITDA of $5.2 billion; EBITDA of $1.1 billion in 4Q 2015, 18.4% lower as compared with 3Q 2015
- FY 2015 net loss of $7.9 billion including $4.8 billion of impairments (primarily due to mining impairments) and $1.4 billion of exceptional charges
- Excluding these exceptional and non-cash items, FY 2015 adjusted net loss was $0.3 billion as compared to adjusted net income of $0.4 billion in FY 2014
- Net debt lower at $15.7 billion as of December 31, 2015 as compared to $16.8 billion as of September 30, 2015; net debt was $0.1 billion lower as compared to December 31, 2014
- Liquidity stood at $10.1 billion as of December 31, 2015 as compared to $9.6 billion as of September 30, 2015
- Giving effect to the announced sale of ArcelorMittal`s stake in Gestamp for €875 million, liquidity would be $11.1 billion as of December 31, 2015 and net debt $14.7 billion
- FY 2015 steel shipments of 84.6Mt (-0.6% YoY); 4Q 2015 steel shipments of 19.7Mt down -6.8% versus 4Q 2014
- FY 2015 iron ore shipments of 62.4Mt (-2.0% YoY), of which 40.3Mt shipped at market prices (+1.4% YoY); 4Q 2015 iron ore shipments of 15.6Mt (-4.2% YoY), of which 9.9Mt shipped at market prices (-0.5% YoY)
- FY 2015 iron ore unit cash costs reduced by 20% YoY, exceeding the 15% target for 2015
Commenting, Mr. Lakshmi N. Mittal, ArcelorMittal Chairman and CEO, said:
“2015 was a very difficult year for the steel and mining industries. Although demand in our core markets remained strong, prices deteriorated significantly during the year as a result of excess capacity in China. Throughout the year we have rigorously focused on implementing a series of measures aimed at reducing costs and ensuring the business is adapted for these tough market conditions. As a result of these measures we succeeded in ending the year with net debt slightly below the end of 2014 despite significantly lower EBITDA.
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