1. South Africa Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
ArcelorMittal South Africa Limited

ArcelorMittal South Africa Limited

0.07
EUR
+0.01
(+16.26%)
62.50MMarket Cap
Feb 11Next Earn
ArcelorMittal South Africa Limited
GETTEX:ISC1
(Gettex)

Recent

price

0.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
75.33
78.4
80.49
80.81
86.87
77.62
30.82
36.73
41.4
37.63
22.43
35.62
36.58
37.36
34.63
28.97
- -
Revenue per Share
3.35
0.02
-1.27
-5.35
-0.39
-21.52
-4.43
-4.83
1.25
-4.19
-1.8
5.94
2.36
-3.52
-5.24
-2.6
- -
Basic EPS, GAAP
3.33
-4.18
4.26
2.53
4.16
-2.99
-0.23
-1.73
0.53
-1.11
0.14
2.48
-1.07
-0.46
-0.5
-0.02
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
50.6
50.86
49.9
46.42
46.49
30.22
12.38
7.37
8.19
4.09
2.1
8.12
10.47
7
1.76
-0.28
-0.28
Book Value per Share
50.41
50.57
49.63
46.1
46.18
29.97
12.29
7.29
8.13
4.03
2.04
8.06
10.41
6.94
1.71
-0.34
-0.34
Tangible Book Value per Share
401
401
401
401
401
401
1,062
1,062
1,094
1,099
1,099
1,115
1,115
1,115
1,115
1,115
1,115
Basic Weighted Avg Shares
30,224
31,453
32,291
32,421
34,852
31,141
32,737
39,022
45,274
41,353
24,643
39,708
40,771
41,637
38,596
32,291
- -
Sales/Revenue/Turnover
7.12
0.94
-1.33
0.44
-0.86
-14.69
-3.03
-3.13
6.82
-5.67
-4.33
20.11
8.34
-1.93
-9.84
-7.21
- -
Operating Margin (%)
1,371
1,423
1,582
1,544
1,386
1,346
1,030
976
831
830
556
601
771
878
818
1,039
- -
Depreciation Expense
1,345
8
-508
-2,147
-158
-8,635
-4,706
-5,128
1,370
-4,604
-1,973
6,625
2,634
-3,920
-5,839
-2,900
- -
Net Income, GAAP
26.78
93.65
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
4.45
0.03
-1.57
-6.62
-0.45
-27.73
-14.38
-13.14
3.03
-11.13
-8.01
16.68
6.46
-9.41
-15.13
-8.98
- -
Profit Margin (%)
8,038
7,570
6,914
6,191
3,938
-838
1,039
785
3,901
1,399
-316
5,256
6,152
3,401
807
-1,240
-1,240
Working Capital
739
692
426
757
256
193
124
2,754
2,746
4,282
4,558
3,760
2,876
2,856
5,197
6,300
6,300
LT Debt
22,556
22,669
22,242
20,694
20,722
13,472
13,543
8,058
8,961
4,477
2,344
9,053
11,675
7,799
1,963
-317
-317
Total Equity
6.79
0.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
64.71
21.37
- -
- -
- -
- -
Return on Invested Capital (%)
6.07
0.11
- -
- -
- -
- -
- -
- -
- -
- -
- -
64.21
22.79
- -
- -
- -
- -
Return on Capital (%)
6.05
0.04
-2.26
-10
-0.76
-50.51
-34.84
-47.48
16.1
-68.52
-57.85
116.26
25.41
-40.26
-119.63
- -
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3,689
4,144
3,072
LT Borrowings
5,055
5,704
6,106
LT Finance Leases
142
101
194
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,115
1,115
1,115
Market Capitalization
1,568
1,118
1,216

Working Capital

ZAR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
16,079
18,013
11,351
Cash, Cash Equivalents & STI
2,182
3,934
1,567
Accounts Receivable, Net
1,810
3,773
1,921
Inventories
10,113
8,948
6,682
Total Current Liabilities
15,272
17,620
12,591
Payables & Accruals
- -
- -
- -
ST Debt
3,689
4,144
3,072
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.54%
18.2%
-116.15%
Free Cash Flow
143.56%
283.59%
-95.85%
Net Income, GAAP
-140.27%
-149.24%
-50.33%
Sales/Revenue/Turnover
3.36%
8.46%
-16.34%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
41,637
2024
- -
- -
38,596
2025
- -
- -
32,291

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-3.52
2024
- -
- -
-5.24
2025
- -
- -
-2.6

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
ArcelorMittal South Africa Ltd manufactures and sells a broad range of steel products in South Africa and internationally, operating through Steel Operations and Non-Steel Operations segments. The company produces flat steel products including hot-rolled coil, cold-rolled coil, colour-coated coil under the Chromadek brand, galvanised coil, electrogalvanised coil and plate; long steel products such as billets, coiled rounds, flats, reinforced bars, rounds, channels and sections; as well as non-steel products including commercial coke, chemicals, slag and tar by-products. It serves industries encompassing agriculture, automotive, construction, engineering, mining, packaging, piping, renewable energy, roofing and cladding, with primary sales in South Africa supplemented by exports to sub-Saharan Africa, Europe, Asia and the Americas. Founded in 1928 as Iscor and headquartered in Vanderbijlpark, Gauteng, the company maintains major steelmaking facilities at Vanderbijlpark Works for flat products, Newcastle Works for long products and Vereeniging Works, while Saldanha Works remains under care and maintenance. As a subsidiary of ArcelorMittal Holdings AG and the largest steel producer in sub-Saharan Africa with a capacity of 7.8 million tonnes of liquid steel annually, it employs around 9,000 staff and contractors focused on innovative, export-driven steel industrialisation. In recent developments, negotiations for the Industrial Development Corporation of South Africa (IDC) to acquire control of its operations via an 8.5 billion rand bid collapsed in late 2025 after failing to meet valuation expectations amid operational challenges, including threats to shutter Newcastle and Vereeniging plants critical to automotive and mining sectors. The IDC, already holding an 8% stake, had pursued strategic partnerships with entities like Networth Investments but could not finalise terms following a six-month due diligence period ending September 2025. The company continues pursuing low-carbon technologies introduced in 2022 while ramping up coke production to 1.9 million tonnes per annum over the next four years from 1.1 million tonnes in 2023.