Cleveland-Cliffs (LSE:0I0H) - Stock Price, News & Analysis

0I0H Stock Overview

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America.

0I0H fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 31.8% below our estimate of its fair value

Earnings are forecast to grow 39.13% per year

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Cleveland-Cliffs Inc. Competitors

Novolipetsk Steel

LSE:NLMK

US$4.1b

Hill & Smith

LSE:HILS

UK£1.5b

EVRAZ

LSE:EVR

UK£1.2b

Castings

LSE:CGS

UK£160.4m

Price History & Performance

Summary of all time highs, changes and price drops for Cleveland-Cliffs
Historical stock prices
Current Share Price	US$18.37
52 Week High	US$22.92
52 Week Low	US$13.64
Beta	2.04
1 Month Change	-16.77%
3 Month Change	-0.39%
1 Year Change	20.84%
3 Year Change	2.90%
5 Year Change	83.50%
Change since IPO	140.73%

Recent updates

Shareholder Returns

	0I0H	GB Metals and Mining	GB Market
7D	-11.0%	1.6%	2.2%
1Y	20.8%	6.0%	0.9%

Return vs Industry: 0I0H exceeded the UK Metals and Mining industry which returned 6% over the past year.

Return vs Market: 0I0H exceeded the UK Market which returned 0.9% over the past year.

Price Volatility

Is 0I0H's price volatile compared to industry and market?
0I0H volatility
0I0H Average Weekly Movement	5.7%
Metals and Mining Industry Average Movement	8.6%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.3%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: 0I0H has not had significant price volatility in the past 3 months.

Volatility Over Time: 0I0H's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1847	28,000	C. Goncalves	www.clevelandcliffs.com

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; austenitic, martensitic, duplex, precipitation hardening, and ferritic stainless steel products; plates; and grain oriented and non-oriented electrical steel products, as well as slab, scrap, iron ore, coal, and coke. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing.

Cleveland-Cliffs Inc. Fundamentals Summary

How do Cleveland-Cliffs's earnings and revenue compare to its market cap?
0I0H fundamental statistics
Market cap	US$8.67b
Earnings (TTM)	US$389.00m
Revenue (TTM)	US$21.90b

22.3x

P/E Ratio

0.4x

P/S Ratio

Is 0I0H overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0I0H income statement (TTM)
Revenue	US$21.90b
Cost of Revenue	US$20.32b
Gross Profit	US$1.58b
Other Expenses	US$1.19b
Earnings	US$389.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.82
Gross Margin	7.20%
Net Profit Margin	1.78%
Debt/Equity Ratio	49.2%

How did 0I0H perform over the long term?

See historical performance and comparison

0I0H Stock Overview

Rewards

Risk Analysis

Cleveland-Cliffs Inc. Competitors

LSE:NLMK

US$4.1b

LSE:HILS

UK£1.5b

LSE:EVR

UK£1.2b

LSE:CGS

UK£160.4m

Price History & Performance

Recent News & Updates

First quarter 2024 earnings released: US$0.14 loss per share (vs US$0.11 loss in 1Q 2023)

Cleveland-Cliffs Inc. (NYSE:CLF) announces an Equity Buyback for $1,500 million worth of its shares.

Cleveland-Cliffs Inc., Annual General Meeting, May 16, 2024

Cleveland-Cliffs Inc., Annual General Meeting, May 16, 2024

Cleveland-Cliffs Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cleveland-Cliffs CEO Mulls Much Lower Bid for US Steel If Nippon Deal Falls Apart

Recent updates

First quarter 2024 earnings released: US$0.14 loss per share (vs US$0.11 loss in 1Q 2023)

Cleveland-Cliffs Inc. (NYSE:CLF) announces an Equity Buyback for $1,500 million worth of its shares.

Cleveland-Cliffs Inc., Annual General Meeting, May 16, 2024

Cleveland-Cliffs Inc., Annual General Meeting, May 16, 2024

Cleveland-Cliffs Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cleveland-Cliffs CEO Mulls Much Lower Bid for US Steel If Nippon Deal Falls Apart

Cleveland-Cliffs Inc. to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling

Director recently bought US$506k worth of stock

Full year 2023 earnings released: EPS: US$0.78 (vs US$2.57 in FY 2022)

Cleveland-Cliffs Inc. Provides Steel Product Shipments Guidance for the Full-Year 2024

Cleveland-Cliffs Inc. to Report Q4, 2023 Results on Jan 29, 2024

Investor sentiment improves as stock rises 20%

U.S. Steel Reportedly Receives Multiple Bids in Excess of $40 a Share

U.S. Steel Reportedly Attracts Five Bidders in Auction

Third quarter 2023 earnings released: EPS: US$0.52 (vs US$0.29 in 3Q 2022)

Cleveland-Cliffs Inc. to Report Q3, 2023 Results on Oct 23, 2023

New minor risk - Share price stability

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.68 (vs US$1.14 in 2Q 2022)

Now 21% undervalued after recent price drop

Cleveland-Cliffs Inc. to Report Q2, 2023 Results on Jul 24, 2023

Cleveland-Cliffs Inc. to Report Q2, 2023 Results on Jul 24, 2023

Investor sentiment improves as stock rises 17%

Cleveland-Cliffs Completes Successful Blast Furnace Hydrogen Injection Trial At Middletown Works

Cleveland-Cliffs Inc. Reaches Agreement for State of Minnesota Iron Ore Mineral Leases At Nashwauk

Chairman recently bought US$1.5m worth of stock

First quarter 2023 earnings released: US$0.11 loss per share (vs US$1.54 profit in 1Q 2022)

Insufficient new directors

Now 22% undervalued

Independent Director recently sold US$197k worth of stock

Investor sentiment improves as stock rises 16%

Full year 2022 earnings released: EPS: US$2.56 (vs US$5.62 in FY 2021)

Cleveland-Cliffs Inc. to Report Q4, 2022 Results on Feb 14, 2023

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Cleveland-Cliffs Inc. Introduces New MOTOR-MAX Non-Oriented Electrical Steels for High Frequency Motors and Generators

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$0.30 (vs US$2.46 in 3Q 2021)

Now 21% undervalued after recent price drop

Cleveland-Cliffs Inc. to Report Q3, 2022 Results on Oct 25, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Executive VP & CFO recently bought US$97k worth of stock

Second quarter 2022 earnings released

Cleveland-Cliffs Inc. to Report Q2, 2022 Results on Jul 22, 2022

Investor sentiment deteriorated over the past week

Lead Independent Director recently sold US$1.1m worth of stock

Investor sentiment improved over the past week

Insider recently bought US$103k worth of stock

Investor sentiment deteriorated over the past week

Insider recently bought US$122k worth of stock

First quarter 2022 earnings released: EPS: US$1.54 (vs US$0.076 in 1Q 2021)

First quarter 2022 earnings released: EPS: US$1.54 (vs US$0.076 in 1Q 2021)

Cleveland-Cliffs Inc. Announces Executive Changes

Cleveland-Cliffs Inc. to Report Q1, 2022 Results on Apr 22, 2022

Investor sentiment improved over the past week

Now 20% undervalued

Investor sentiment improved over the past week

Cleveland-Cliffs Inc. (NYSE:CLF) announces an Equity Buyback for $1,000 million worth of its shares.