Report
Andrew Lane
EUR 101.80 For Business Accounts Only

ArcelorMittal Rebounds Nicely in 2017; Raising FVEs To $13 and EUR 10.50 on Higher Near-Term Profits

ArcelorMittal closed out an impressive year with solid fourth-quarter results. For the full year, EBITDA rose 34% to $8.4 billion from $6.3 billion in the prior year. Additionally, with global market conditions in 2018 already trending above our prior expectations, we've raised our near-term profit outlook. Accordingly, our fair value estimates rise to $13 per share from $11.50 and EUR 10.50 per share from EUR 10. Although ArcelorMittal delivered returns on invested capital slightly above its we...
Underlying
ArcelorMittal

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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