Cleveland-Cliffs Inc.

BIT:1CVA Stock Report

Market Cap: €4.3b

Cleveland-Cliffs Valuation

Is 1CVA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1CVA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€3.00
Fair Value
187.0% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: 1CVA (€8.6) is trading above our estimate of fair value (€3)

Significantly Below Fair Value: 1CVA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1CVA?

Key metric: As 1CVA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1CVA. This is calculated by dividing 1CVA's market cap by their current revenue.
What is 1CVA's PS Ratio?
PS Ratio0.2x
SalesUS$19.19b
Market CapUS$4.66b

Price to Sales Ratio vs Peers

How does 1CVA's PS Ratio compare to its peers?

The above table shows the PS ratio for 1CVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
SOL SOL
2.2x5.7%€3.3b
CEM Cementir Holding
1.3x3.8%€2.2b
BZU Buzzi
2.2x5.7%€9.3b
000932 Hunan Valin Steel
0.3x7.1%CN¥37.3b
1CVA Cleveland-Cliffs
0.2x5.7%€4.7b

Price-To-Sales vs Peers: 1CVA is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does 1CVA's PS Ratio compare vs other companies in the European Metals and Mining Industry?

45 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.7x2.0%
1CVA Cleveland-Cliffs
 0.2x5.7%US$4.66b
1CVA 0.2xIndustry Avg. 0.7xNo. of Companies44PS012345+
45 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.7x24.2%
1CVA Cleveland-Cliffs
 0.2x94.6%US$4.66b
No more companies

Price-To-Sales vs Industry: 1CVA is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 1CVA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1CVA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: 1CVA is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1CVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.60
€11.09
+29.0%
28.4%€18.49€7.39n/a9
Mar ’26€10.38
€12.02
+15.7%
29.2%€19.23€7.69n/a9
Feb ’26€10.11
€12.21
+20.8%
29.3%€20.16€7.68n/a9
Jan ’26€8.83
€13.90
+57.5%
26.6%€20.26€7.72n/a10
Dec ’25€11.88
€13.92
+17.2%
24.3%€20.01€9.53n/a9
Nov ’25€12.30
€13.76
+11.9%
22.7%€19.31€9.19n/a9
Oct ’25€11.58
€14.02
+21.0%
22.5%€18.97€9.03n/a9
Sep ’25€11.79
€15.07
+27.8%
19.2%€20.56€10.73n/a9
Aug ’25€13.73
€16.09
+17.2%
19.1%€21.20€11.06n/a8
Jul ’25€14.23
€17.02
+19.6%
14.7%€21.49€13.08n/a9
Jun ’25€15.50
€19.28
+24.4%
15.2%€23.02€14.27n/a8
May ’25€16.23
€19.56
+20.5%
15.2%€23.42€14.52n/a8
Apr ’25€20.97
€19.91
-5.1%
11.9%€23.07€15.23n/a7
Mar ’25€19.40
€19.91
+2.6%
11.9%€23.07€15.23€10.387
Feb ’25€18.59
€19.26
+3.6%
15.9%€23.00€13.16€10.116
Jan ’25€18.84
€18.96
+0.7%
15.9%€22.65€12.95€8.836
Dec ’24€16.55
€18.67
+12.8%
15.8%€22.85€13.07€11.886
Nov ’24€15.75
€18.99
+20.6%
16.7%€23.62€13.51€12.306
Oct ’24€14.78
€18.70
+26.5%
16.1%€23.66€14.00€11.586
Sep ’24€14.34
€18.46
+28.8%
17.3%€23.84€13.57€11.796
Aug ’24€15.97
€18.67
+16.9%
15.0%€23.67€15.48€13.739
Jul ’24€15.34
€19.71
+28.5%
14.7%€25.07€15.79€14.2310
Jun ’24€13.10
€19.71
+50.4%
14.7%€25.07€15.79€15.5010
May ’24€13.72
€20.64
+50.5%
10.6%€24.49€16.60€16.239
Apr ’24€16.84
€21.63
+28.5%
9.8%€24.89€18.16€20.979
Mar ’24€20.15
€20.37
+1.1%
18.1%€24.39€12.19€19.4010
Analyst Price Target
Consensus Narrative from 9 Analysts
€10.95
Fair Value
21.5% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/24 03:03
End of Day Share Price 2025/03/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cleveland-Cliffs Inc. is covered by 40 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Anthony RobsonBMO Capital Markets Equity Research
Tristan GresserBNP Paribas Exane