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ArcelorMittal (NYSE: MT) – Is this large market cap stock undervalued?

ArcelorMittal (NYSE: MT), is firmly in the large market cap category with market cap of 17315.51. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for ArcelorMittal is 5.63 (with a change from open of 0.72%), this in conjunction with a target price of 3.48. Volume today has so far reached 10547049, with an average volume of about 17384.2. The GAP for this stock, is 2.95%.

The P/E ratio is , bringing the forward P/E to a value of 9.68. The current EPS for ArcelorMittal, is -3.05, with a EPS growth for this year coming to a value of -620.80%. Performance has been interesting with performance year to date coming to 28.67%.

Looking further into the growth statistics for ArcelorMittal, EPS is looking like it will grow 25.78% in the next year. Looking even further it is projected to be . Quarter over quarter is 276.20% for EPS growth and for sales growth quarter over quarter it is -71.00%. Looking at past EPS growth statistics we see that for the past five years it has been -30.50%. Sales growth for the past five years has in fact been -4.00%.

Looking at the ownership, we see that the insider ownership is at 44.80% and institutional ownership is 5.70%. Shares outstanding is 3188.86, while shares float is at a value of 1968.46. Float short for ArcelorMittal is 1.57% and the short ratio is 1.78.

In terms of debt, long term debt/equity is 0.47, while the total debt/equity comes to 0.51. The ability to meet these debts, means that the current ratio is 1.3, and the quick ratio is 0.5. The most recent gross margin is -13.00% and their operating margin is -5.50%. The profit margin is -11.60%.

ArcelorMittal has seen returns on assets of -8.50%, and on investment, -11.20%. Return on equity is -23.50%. Price/Earnings to growth ratio is . Price/Sales ratio is at a value of 0.3, with Price/book ratio coming to 0.54 and Price/cash is 7.23, and finally Price/Free cash Flow is .

The simple moving averages are -6.15% and 16.10% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -21.70% and the 52 week low is 92.15%.

ArcelorMittal has a dividend yield of 2.80%, with a current price of 5.63. The ability to pay this means the payout ratio is . This is in an industry, Steel & Iron, with equally high dividends from other companies in this sector, which it is Basic Materials. ArcelorMittal is based in Luxembourg.

Performance in the Steel & Iron industry means that ArcelorMittal has seen performance for the past week of -7.18%, with performance for the month coming to -14.35%. Looking at the data for the quarter it is at a value of 6.89%, and for the half year the performance is -22.98%. Volatility for this week is 4.04% and for the month this is 3.27%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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