Deep dive · OTC Markets OTCPK: AMSYF
ArcelorMittal S.A. stock analysis
Everything behind the call on ArcelorMittal S.A. 6 sections, ordered the way risk stacks up: survival first, quality and price in the middle, context last. The Beacon gives you the read. This is where you check the work.
The five reads
Global tape
No overseas listings — AMSYF trades on its home exchange only.
The bottom linestart hereAs of 2026-11-09
Chart pattern
Below both averages
The 50-day sits above the 200-day
50-day $65.64 · -9.0%
200-day $60.89 · -2.0%
200-day $60.89 · -2.0%
Earnings
In 86 days
4 Feb 2027
cohort P(beat) 61% · n=142,983
Dividend
1.01%
Forward annual yield at today's price
Risk flags
2 on watch
5 checks run, 2 clear
beta 0.37 · vol 17% ann.
worst drawdown -27%
worst drawdown -27%
New to this? Every metric carries a plain-English read beside it, and an ⓘ next to a label opens the definition. Anything unfamiliar is also defined at the foot of the page under Glossary.
In one paragraphwhat the company actually does144 chars
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.
OTC Markets OTCPK · USDSteel Production
$59.700.00 · 0.00%PRE · vol 0
52-week range↑ 59% off low · ↓ 13.9% off high
$37.53now $59.70$69.30
Quote Nov 9, 2026 · 4:00 PM ET
Tape 2026-11-09
Factors 2026-11-09
Tape 2026-11-09
Factors 2026-11-09
01
Survival & solvency
and 2 of 5 forensic checks clear.
↳ Plain EnglishBefore anything else: can this company pay its bills? These blocks check the balance sheet, whether your slice of ownership is being diluted, and whether the accounting looks honest.
Piotroski F-score
F 6/9WATCH
Piotroski F-score 6 of 9. Nine pass/fail tests covering profitability, leverage and operating efficiency; seven or more is strong.
Balance sheetNov 10, 2026
Solvency and liquidity ratios
Current ratioshort-term assets against short-term bills1.36×healthy >2
Debt / equityborrowings against shareholder capital0.25
Net debtborrowings in excess of cash on hand$8.02B
Your ownership stake
Share-count growth vs peersLOW DILUTION
6th pctile
Where this name's share-count growth ranks among peers. Lower is less dilutive.
Accounting forensicsSEC filings
Red-flag x-rayGRADE B
75 / 100
0 critical · 2 watch · 2 clear of 4 scored tests
Red-flag x-ray · every check, passes included
CheckStatusValueWhat it looks for
Bankruptcy distressWATCHZ 2.31Altman-Z in the Grey · fundamentals
Earnings manipulationCLEARM -2.41M-score in range · fundamentals
LeverageCLEARLTD/E 0.17long-term debt 0.17× equity · fundamentals
Profitability qualityWATCHF 6/9Piotroski F-score 6 of 9 · fundamentals
Filing forensicsNAn/aFiling forensics not available · forensic
5 checks, 2 clear and 2 watch. The passes are shown because a score built from five checks means something different from one built from three.
02Refreshed · Nov 10, 2026FAIR · 42/100
Business quality
5% net margin, 6% return on equity, -2% revenue growth, and capital earning 2% against a 7% cost.
↳ Plain EnglishMargins tell you how much of each sales dollar the company keeps. Return on capital tells you whether reinvesting that money creates value. Both are read against what the filings support, not against a target.
Quality score
42 / 100FAIR
Profitability, growth and balance strength scored separately, then blended.
ProfitabilityRefreshed · Nov 10, 2026
Net marginOF EVERY SALES DOLLAR
5.1%
The share of revenue that survives every cost and becomes profit.
Gross marginPRICING POWER
7.1%
What is left of a sales dollar before overhead — the clearest read on pricing power.
Operating marginAFTER RUNNING COSTS
2.4%
What survives the cost of running the whole business.
Return on equityPER $1 OF EQUITY
5.8%
Annual return on each dollar of shareholder equity.
ROIC − WACC spreadDESTROYS VALUE
-4.6pp
Earns 2% on invested capital that costs about 7%. A positive spread means every retained dollar compounds rather than leaks.
Incremental ROIC (3y)ON NEW CAPITAL
-105.2%
The return on capital put to work over the last three years — a sharper read than the trailing average, because it prices the newest decisions.
Growth & relative strength
Trailing return by period
1 month-9.0%
3 months-10.2%
6 months+6.7%
Year to date+37.7%
1 year+59.1%
Revenue growth (YoY)SHRINKING
-1.7%
Revenue against the same period a year ago.
EPS growth (YoY)MARGINS WIDENING
+143.2%
Earnings per share against a year ago. Running ahead of revenue means margins are widening.
12-1 momentumEX LAST MONTH
+77.0%
Return over the last year excluding the most recent month — the standard momentum factor, which drops the short-term reversal.
Relative-strength rankBOTTOM 43%
43 / 100
Where this name's 3-month return against the S&P 500 ranks across the market — a quarter's standing, not the year's.
Around earnings
P(beat next quarter)COHORT BASE RATE
61%
survivor-tilted universe (currently-listed names; large-cap-skewed coverage)
Typical earnings moveData unavailableRealized move magnitudes are not published for this name yet — no measured print on file.
Reaction: beat vs missData unavailableThe beat-versus-miss reaction gap is not computed for this name — undetermined — needs ≥12 measured beats.
Consensus biasVALIDATED
Persistent
insufficient surprise history
Next reportIN 86 DAYS
4 Feb 2027
Reports amc · consensus EPS $1.22 · revenue 17.8 B
Dividends & income
Dividend yieldforward annual
1.01%
The cash return the payment alone provides at today's price.
Cash coveragefree cash flow
1-2x
Whether the payment is funded out of the cash the business generates.
Inventory ledger
Data unavailableNo inventory detail is tagged in this company's filings. The ledger needs the XBRL inventory components, which a business without physical goods does not report.
Segments & geography
Data unavailableRevenue by segment and region is not on file for this name, so product and geographic concentration are not shown.
Pattern reliability · platform-wide cohortSnapshot · Nov 6, 2026
Downtrend · leans bearish
HorizonHigherMedianObservations
10d47%0.0%1,308,676
21d47%0.0%613,759
63d47%-0.9%195,225
slope -0.10 over 40 bars
Dragonfly doji · leans bullish
HorizonHigherMedianObservations
10d35%0.0%529,694
21d39%0.0%247,920
63d44%0.0%76,794
long lower shadow, open=close near high
Harami cross
HorizonHigherMedianObservations
10d45%0.0%242,342
21d46%0.0%113,940
63d47%-0.3%35,818
doji inside prior body
Tweezer bottom · leans bullish
HorizonHigherMedianObservations
10d44%0.0%357,443
21d45%0.0%167,512
63d47%0.0%53,047
matching lows
Rsi oversold · leans bullish
HorizonHigherMedianObservations
10d45%0.0%237,974
21d47%0.0%110,958
63d50%0.0%34,927
RSI 6 ≤ 30
03
Price & timing
Price $59.70, RSI 6.
↳ Plain EnglishA multiple is what the market charges for a dollar of this company's earnings, cash or revenue; the trend and the options tape say what the price is doing around it. Together they are the timing picture, not the quality one.
Trend
Below every average0 OF 3 AVERAGES
50-day $65.64 · 200-day $60.89. Price above both is the structural definition of an uptrend.
The setup right now
Price · 504 sessions2024-11-05 → 2026-11-09
price50-day200-day
How to read this
Up 0.00% on the session.
Follow the solid line: each point is a session close. Compare it to the 50-day average — while price stays above it the short-term trend is up, and a drop below is the first structural warning.
Momentum (RSI-14)OVERSOLD
6
030 oversold70 hot100
Where momentum sits on a 0–100 scale. Above 70 is overbought, below 30 oversold; the middle says the move has room either way.
Typical day (ATR-14)±0.6%
$0.33
The average true range — how far this stock moves on an ordinary day. It sets the scale a stop has to clear.
MACDBELOW SIGNAL
-0.02
The short-term trend against its own signal line. The sign is the read; the size is not a target.
Bollinger position0% OF RANGE
Lower band
Where price sits inside its own volatility band. The edges are where a move is stretched, not where it reverses.
20-day VWAPPRICE BELOW
$61.47
The volume-weighted average of the last month. Price above it means recent buyers are, on average, in profit.
Chandelier exitBROKEN
$64.61
A volatility-based trailing stop, set a few average ranges below the recent high.
4 Feb 2027 · in 86 daysNext earningsThe next scheduled catalyst. The forward guide usually moves the tape more than the printed number.
2026-11-10 · todayInflation (CPI)A scheduled macro release. It moves this stock independently of anything the company does.
Setup & oddsNightly
Pullback riskoverstretch read
In line0.91× segment rate · n=281
Historically, large names in this tape state saw a ≥10% pullback within 63 trading days in 60% of cases (n=281).
Overstretchvs the 20-day mean
-2.2σ
How many standard deviations price sits from its 20-day mean. Beyond 2σ is genuinely stretched; inside it is ordinary.
Bottom zoneif it breaks down
$59 – $591 support
Where prior demand appeared: Pivot low at $59.10.
Slide scorefalling-knife check
100 / 100Falling knife
A composite of consecutive down days, gap risk and volume expansion. Low means any decline is orderly.
Valuation
Earnings yield vs cashBELOW CASH
-1.16pp
Cash pays more than the earnings yield today, so what you are buying is future growth rather than a current return.
Net cash per shareNET DEBT
$-10.35
Cash less every borrowing, per share. It is the part of the price that is not a claim on future profits.
Multiples
Trailing P/Eearnings already reported25.2×
Price / salesprice against revenue, before any of it becomes profit0.7×
Price / bookprice against the accounting value of the assets0.8×
EV / EBITDAthe multiple an acquirer would pay7.5×
EV / free cash flowenterprise value against the cash the business throws off113.5×
FCF yieldfree cash flow per dollar of market value1.04%
3 of the 6 priced multiples above sit in the richer half of its band. Each priced multiple is read against this stock's own history where a five-year range is on file, so the question is whether today is dear for this name rather than for the market. The multiples are computed separately from the quote above and are not re-priced as it moves, so they can lag it.
Price horizon & timingNov 9, 2026
Entryzone of pivot low
$59.26Approach
Where the composer's entry sits, on its own stated basis.
Target52-week high
$69.30$69–$69
A zone, not a price. It is where the composer expects supply, not a forecast.
Stop2× ATR below entry
$58.60risk $0.66/sh
The level that says the setup is wrong, on the basis named beside it.
Risk / rewardtarget vs stop
15.28:1
Reward against risk on the composer's own levels.
Measure from a price$
To the 50-day
+9.9%
short-term trend line · $65.64
To the 200-day
+2.0%
primary trend line · $60.89
To the composer's target
+16.1%
52-week high · set Nov 9, 2026 · $69.30
To the composer's stop
-1.8%
2× ATR below entry · set Nov 9, 2026 · $58.60
To the 52-week high
+16.1%
highest print of the past year · $69.30
To the 52-week low
-37.1%
lowest print of the past year · $37.53
A typical day (ATR)
$59.37 – $60.03
±$0.33 average true range
Type any price to re-measure every distance from it. Each row is a level this page already states somewhere else, so nothing here is a new number — and none of it is a recommendation to trade at that price.
Signal
The levels line up.
Entry $59.26 · stop $58.60 · target $69.30, a 15.28:1 ratio.
Gamma map
Data unavailableThis name has no listed options chain, so there is no dealer gamma to map. Regime, flip level, walls and the implied move all need a chain to exist.
Options tape
Data unavailableNo options chain is connected for this ticker. Max pain, the put/call ratio, the implied move and the open-interest ladder all need the chain feed.
0413F quarterly · Form 4 dailyNET SIGNAL 0
Ownership & flow
Institutions hold 29%.
↳ Plain EnglishWho is buying and selling, and what they had to disclose. Institutions file 13F 45 days after quarter end, executives file Form 4 within two days, and Congress discloses under the STOCK Act with a 30–45 day legal lag. Every one of those is a look backwards.
Institutional ownership
29.1%RETAIL-HEAVY
The share held by 13F filers. It describes last quarter's positioning, not today's — filings land up to 45 days after quarter end.
The QTick signal
Data unavailableNo factor in the model scored for this name, so there is no net signal to show. The signal appears once the nightly factor run covers it.
Cross-category read
Data unavailableFewer independent evidence families are ready than the engine's minimum, so there is nothing to check for agreement. A cross-category read over two categories is not a read.
Wall Street
Data unavailableNo sell-side firm publishes research on this name. There is no consensus rating, no price target and no estimate revisions to weigh — for a company this size that is the norm rather than a gap in our data.
Who owns it13F quarterly · Form 4 daily
Insider ownershipOFFICERS & DIRECTORS
43.9%
The share held by the people running the company.
Free float55% OF SHARES
420.24M
Shares actually available to trade, excluding insider and restricted holdings.
Dollar volume (ADV)6th PCTILE
$418/day
Average dollars traded per day, and where that ranks cross-sectionally. Thin liquidity is a cost you pay on the way out, not just on the way in.
Borrow feeData unavailableWe do not license securities-lending data, so the annualized cost of borrowing shares to short is not something we can show. Short interest and days-to-cover above are the closest read we can source.
The story · news & sentimentRolling window
Why it moved todayNONE
0.00%
AMSYF was little changed +0.00% in the premarket session — no notable catalyst, and the move itself was modest.
CongressSTOCK Act · 30–45d lag
Signal
Net selling.
0 of 1 disclosures are buys and 1 is a sale. Lawmakers disclose on a 30–45 day legal lag, so this describes what was done weeks ago, not what is being done now.
050 graded callsORDINARY VOLATILITY
Risk & track record
Beta 0.37, 17% annual volatility, a -27% worst drawdown, and 3 of 8 risk surfaces clear.
↳ Plain EnglishWhat owning it does to a portfolio, what the model votes against, and how often our own calls have been right. Every call is graded when it resolves, and the ones still open stay visible.
Max drawdown
-26.7%WORST FALL
The deepest peak-to-trough fall in the measured window. Only hold a position you can watch do this.
What it does to a portfolio5-year window
Beta (vs the market)LOW FIT
0.37
The market explains about 1.2% of its daily moves, so this beta says little about how it tracks the index — most of its movement is its own.
Annualized volatilityORDINARY
17%
How far it swings over a year, from its own realized returns.
Tactical phaseNIGHTLY READ
Falling knife
Selling pressure61
Buying pressure0
Overheat0
State: falling_knife — Still breaking lower without consolidation — a fresh swing-low printed and no basing pattern has formed yet.
What votes against
Data unavailableNo factor in the model currently votes against this name. That is a statement about the model's inputs today, not a claim that nothing could go wrong.
Failure modes · by company type
Data unavailableFailure modes are routed per company type, and only the bank-run and crypto-treasury rulebooks are validated so far. This name routes as unknown, so there is no cohort-specific checklist to run. A generic list would read as analysis without being any.
The risk case · why not to buy8 surfaces · nightly
Suggested position capmax defensible size
4.5%tail cap binds
max defensible size 4.5% - tail binds
Avoid score6-month distress
1.5%0.2× its cohort · thinnest-traded micro-caps
Observational 6-month large-drawdown risk ranking — not a forecast, not alpha. Historical distress rate for this thinnest-traded micro-caps segment: 7.8%. This name reads 0.2× that base rate.
LowDistress screenThe distress model did not score this name in the latest run, so this surface is unmeasured rather than clear.Not scored
MedPosition size, not conviction, is the binding constrainthalf-Kelly 105.5% · tail cap 4.5% · category cap 90.1%. The tail cap binds, so 4.5% is the number (n=10,596). We show which one binds rather than the friendliest.Sizing
LowLottery-ticket behaviourIts best 21-day return sits at 0.0% against a 11.2% cohort 90th-percentile threshold — below the line where forward returns have historically turned negative.Behaviour
LowCash runwayNon-burner: catastrophe rate 6.1% (n=297414).Solvency
LowPost-earnings driftNo measured earnings reaction on file, so the drift surface is unmeasured.Not scored
LowDividend riskNot scored for this name.Not scored
LowRestatement historyFiling history is not deep enough to check for restatements.Not scored
LowCrowded shortNot in a warn state: the crowded-short model only publishes when short interest and thin liquidity coincide, and neither condition is met here.Not scored
Signal
3 of 8 surfaces clear.
8 surfaces checked, 3 clear. The binding constraint is position size — the tail cap is the one that binds. Each row states which surface it is and what it measured; a surface that could not be scored says so rather than counting as clear.
Who should skip it
Data unavailableNone of the skip conditions can be evaluated for this name yet — they each need a measured drawdown, beta, yield or scheduled report to key off.
Our track record0 resolved
Track recordBUILDING IN THE OPEN
16 logged
16 calls logged on this name, 0 resolved so far. Calls are logged the moment they are made, so the open ones are public before anyone knows how they turn out, and a hit-rate is not published until enough of them resolve.
0610-K disclosed linksSTEEL PRODUCTION
The wider context
5 mapped peers, 3 connections.
↳ Plain EnglishCompanies do not trade alone. This is the peer set, the supply chain that has to deliver, and the macro variables that move the stock regardless of company news.
Rate sensitivity
-4.2% per +1ppINSUFFICIENT
This is the SECTOR prior, not a measurement of this name — the regression did not clear its own bar. The verdict beside it (neutral) comes from the prior too, so the two agree by construction rather than by evidence.
Versus peersLatest session
Peer set · 5 names
SymbolRelationshipPriceSession
NUEPeer$249.24+1.74%
MTPeer$64.22+5.31%
STLDPeer$227.56+2.09%
RSPeer$421.07+0.98%
PKXPeer$49.47+1.17%
The mapped peer set and how each traded in the latest session. A peer moving with this name says the move is the sector's; one moving against it says the move is this company's.
Time machineHistory from 2023-06-01
Signal
3 of 4 backward windows are positive.
Look-back returns describe what happened, not what is likely. They are here to set the scale a future move would be measured on.
Macro driversRolling window
Inflation (CPI) reactionn=40
1.93×
On these days it moves about 1.9× the market, regardless of company news.
Jobs report reactionn=42
1.50×
On these days it moves about 1.5× the market, regardless of company news.
Fed decision (FOMC) reactionn=41
0.33×
On these days it moves about 0.3× the market, regardless of company news.
Inflation (PCE) reactionn=41
0.51×
On these days it moves about 0.5× the market, regardless of company news.
Next macro catalystTODAY
Inflation (CPI)
2026-11-10. A scheduled release that moves this stock independently of anything the company does.
Events · what moves this stockNov 10, 2026
Industrial productionUsually helps when factory output comes in stronger than expected
Busier factories use more steel.
Typical for the Steel Production industry
On the day -0.2% · A week later -0.2% · Two weeks later +1.8% · Rose on 1 of 40 report days
Across the last 40 Industrial production reports since Jun 15, 2023, AMSYF moved -0.2% on average on the day and was 1.8% higher two weeks later. The S&P 500 moved 0.0% on those days.
Initial jobless claimsUsually hurts when more people file for benefits than expected
A slowing economy uses less steel, copper and chemicals.
Typical for the Basic Materials sector
On the day +0.3% · A week later +1.0% · Two weeks later +1.7% · Rose on 8 of 172 report days
Across the last 172 Initial jobless claims reports since Jun 8, 2023, AMSYF moved +0.3% on average on the day and was 1.7% higher two weeks later. The S&P 500 moved 0.0% on those days.
Housing starts is due in 8 days.
Housing startsUsually helps when more homes are started than expectedLumber, cement and gravel.
Typical for the Basic Materials sector
On the day 0.0% · A week later +1.7% · Two weeks later +0.9% · Rose on 2 of 40 report days
Across the last 40 Housing starts reports since Jun 20, 2023, AMSYF moved 0.0% on average on the day and was 0.9% higher two weeks later. The S&P 500 moved 0.0% on those days.
Producer prices (PPI) is due in 3 days.
Producer prices (PPI)Usually helps when producer prices run hotter than expectedMiners and chemical makers sell raw materials whose prices rise with inflation.
Typical for the Basic Materials sector
On the day +0.2% · A week later +0.4% · Two weeks later +1.9% · Rose on 3 of 40 report days
Across the last 40 Producer prices (PPI) reports since Jun 12, 2023, AMSYF moved +0.2% on average on the day and was 1.9% higher two weeks later. The S&P 500 moved +0.2% on those days.
Core PCE (the Fed's gauge)Usually helps when inflation runs hotter than expected
Miners and chemical makers sell raw materials whose prices rise with inflation.
Typical for the Basic Materials sector
On the day +0.2% · A week later -0.5% · Two weeks later +0.6% · Rose on 1 of 39 report days
Across the last 39 Core PCE (the Fed's gauge) reports since Jun 28, 2023, AMSYF moved +0.2% on average on the day and was 0.6% higher two weeks later. The S&P 500 moved +0.2% on those days.
Core inflation (core CPI) is due today.
Core inflation (core CPI)Usually helps when inflation runs hotter than expectedMiners and chemical makers sell raw materials whose prices rise with inflation.
Typical for the Basic Materials sector
On the day +0.2% · A week later +0.4% · Two weeks later +1.5% · Rose on 3 of 39 report days
Across the last 39 Core inflation (core CPI) reports since Jun 12, 2023, AMSYF moved +0.2% on average on the day and was 1.5% higher two weeks later. The S&P 500 moved +0.2% on those days.
FOMC decisionUsually hurts when the Fed sounds more hawkish than expected
A hawkish Fed lifts the dollar, which makes dollar-priced metals dearer for foreign buyers.
Typical for the Basic Materials sector
On the day -0.2% · A week later -1.0% · Two weeks later +0.7% · Rose on 0 of 39 report days
Across the last 39 FOMC decision reports since Jul 1, 2023, AMSYF moved -0.2% on average on the day and was 0.7% higher two weeks later. The S&P 500 moved 0.0% on those days.
Inflation (CPI) is due today.
Inflation (CPI)Usually helps when inflation runs hotter than expectedMiners and chemical makers sell raw materials whose prices rise with inflation.
Typical for the Basic Materials sector
On the day +0.2% · A week later +0.4% · Two weeks later +1.5% · Rose on 3 of 39 report days
Across the last 39 Inflation (CPI) reports since Jun 12, 2023, AMSYF moved +0.2% on average on the day and was 1.5% higher two weeks later. The S&P 500 moved +0.2% on those days.
Customer momentum
Data unavailableCustomer momentum needs listed customers that disclose a revenue dependence on this company, and none is on file. The connections below are a different map: competitors and partners, most of them curated rather than filed.
Connections3 links · none confirmed
Direct connections · 3 edges
CompanyRelationSessionProvenance
CAT · Suppliersupplier+7.21%Rumored · manual
DD · Customercustomer+5.88%Rumored · manual
BHP · Competitorcompetitor+3.72%Rumored · manual
0 of 3 edges are named in a filing; the rest come from reporting we have not matched to one yet, and are labelled as such.
Glossary · every term on this page
Survival
Altman Z
Bankruptcy-risk score. Above 3.0 is the safe band.
Piotroski F
Nine pass/fail health tests; 7 or more is strong.
Beneish M
Accrual and growth pattern screen. Clear below −2.22, watch to −1.78, elevated above; a year of very fast revenue growth lifts it by construction.
Merton DTD
Standard deviations of asset value between the company and its debt.
EDF
Default frequency calibrated on what actually happened to similar names.
Price & tape
RSI-14
Momentum gauge 0–100. Above 70 is overbought, below 30 oversold.
ATR
Average true range — the size of a typical day.
VWAP
20-day volume-weighted average price — the average paid over the last month; the page shows no intraday VWAP.
Supertrend
A trend-following stop line. A close through it flips the read.
Chandelier
A trailing stop set a few average ranges below the recent high.
Options & flow
Gamma / GEX
Dealer hedging pressure. Negative gamma amplifies moves both ways.
Call / put wall
The strikes with the heaviest open interest; they act as ceiling and floor.
Max pain
The strike where most options expire worthless.
13F · Form 4
Institutional filings, 45 days after quarter end. Insider trades, within two days.
Scoring
Composite signal
Independent factors scored and netted into one number.
Hit-rate
Share of past calls that resolved in the direction stated.
Brier score
Calibration measure. Lower means stated probabilities track reality.
HHI
Concentration 0–10,000. Above 2,500 means one segment carries the company.
EVT
Fits the tail rather than assuming a bell curve, so bad days are not understated.