` Comparison: MT, FVJ - Alpha Spread

MT
vs
F
FVJ

Over the past 12 months, MT has significantly outperformed FVJ, delivering a return of +66% compared to the FVJ's +15% growth.

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MT
FVJ
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Valuation Comparison

MT Intrinsic Value
37.87 EUR
Overvaluation 3%
Intrinsic Value
Price
F
FVJ Intrinsic Value
9.57 EUR
Overvaluation 26%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
ArcelorMittal SA
AEX:MT
39.13 EUR
F
Fortescue Ltd
XMUN:FVJ
12.96 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
MT, FVJ

Revenue
www.alphaspread.com
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
ArcelorMittal SA
Revenue
F
Fortescue Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
MT, FVJ

Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
ArcelorMittal SA
AEX:MT
F
Fortescue Ltd
XMUN:FVJ
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What is Free Cash Flow?

Gross Margin

MT
0%
FVJ
41.4%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

Operating Margin

MT
5.2%
FVJ
33.3%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

Net Margin

MT
4.2%
FVJ
21.7%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

FCF Margin

MT
0.1%
FVJ
19.6%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

ROE

MT
4.8%
FVJ
17.1%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

ROA

MT
2.7%
FVJ
11.1%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

ROIC

MT
2.7%
FVJ
14.5%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

ROCE

MT
4.3%
FVJ
18.7%
LTM 3Y Avg 5Y Avg 10Y Avg
ArcelorMittal SA
F
Fortescue Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MT, FVJ

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Performance Gap
MT, FVJ

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MT
FVJ
Difference
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Performance By Year
MT, FVJ

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