NYSE:CLF

Stock Analysis Report

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Executive Summary

Cleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Cleveland-Cliffs's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CLF's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

25.1%

CLF

3.1%

US Metals and Mining

2.8%

US Market


1 Year Return

38.0%

CLF

28.6%

US Metals and Mining

19.7%

US Market

Return vs Industry: CLF exceeded the US Metals and Mining industry which returned 28.6% over the past year.

Return vs Market: CLF exceeded the US Market which returned 19.7% over the past year.


Shareholder returns

CLFIndustryMarket
7 Day25.1%3.1%2.8%
30 Day31.2%10.1%8.0%
90 Day76.9%12.8%6.8%
1 Year41.2%38.0%31.5%28.6%22.4%19.7%
3 Year84.2%74.4%28.7%20.1%47.3%37.5%
5 Year408.9%381.9%145.9%122.4%93.6%72.3%

Long-Term Price Volatility Vs. Market

How volatile is Cleveland-Cliffs's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cleveland-Cliffs undervalued compared to its fair value and its price relative to the market?

33.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLF ($11.18) is trading below our estimate of fair value ($16.77)

Significantly Below Fair Value: CLF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLF is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.

PE vs Market: CLF is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CLF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLF is overvalued based on its PB Ratio (5.5x) compared to the US Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Cleveland-Cliffs forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

113.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: CLF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLF's is expected to become profitable in the next 3 years.

Revenue vs Market: CLF's revenue (30.2% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: CLF's revenue (30.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLF's Return on Equity is forecast to be low in 3 years time (17.5%).


Next Steps

Past Performance

How has Cleveland-Cliffs performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLF is currently unprofitable.

Growing Profit Margin: CLF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLF is unprofitable, but has reduced losses over the past 5 years at a rate of 20.1% per year.

Accelerating Growth: Unable to compare CLF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLF is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).


Return on Equity

High ROE: CLF has a negative Return on Equity (-8.13%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cleveland-Cliffs's financial position?


Financial Position Analysis

Short Term Liabilities: CLF's short term assets ($2.6B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: CLF's short term assets ($2.6B) do not cover its long term liabilities ($6.1B).


Debt to Equity History and Analysis

Debt Level: CLF's debt to equity ratio (378.9%) is considered high.

Reducing Debt: CLF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: CLF's debt is not well covered by operating cash flow (2.9%).

Interest Coverage: CLF is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Cleveland-Cliffs's current dividend yield, its reliability and sustainability?

1.42%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CLF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CLF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CLF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CLF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CLF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

C. Goncalves (62 yo)

6.25yrs

Tenure

US$16,066,089

Compensation

Mr. C. Lourenco Goncalves has been the Chairman, Chief Executive Officer and President at Cleveland-Cliffs Inc. since August 7, 2014. Mr. Goncalves is responsible for overseeing and facilitating communicat...


CEO Compensation Analysis

Compensation vs Market: C.'s total compensation ($USD16.07M) is above average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: C.'s compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
C. Goncalves
Chairman6.25yrsUS$16.07m0.78%
$ 33.9m
Keith Koci
Executive VP & CFO1.75yrsUS$2.05m0.025%
$ 1.1m
Clifford Smith
Executive VP & COO1.83yrsUS$3.71m0.068%
$ 2.9m
Maurice Harapiak
Executive VP of HR & Chief Administration Officer2.83yrsUS$2.64m0.057%
$ 2.5m
Terry Fedor
Executive VP & COO of Steel Millss6.83yrsUS$2.75m0.061%
$ 2.6m
Kimberly Floriani
VP, Corporate Controller & Chief Accounting Officer0.58yrno data0.0045%
$ 196.2k
Paul Finan
Director of Investor Relationsno datano datano data
James Graham
Executive VP7.67yrsno data0.051%
$ 2.2m
Patricia Persico
Director of Corporate Communications8.5yrsno datano data
R. Cebula
Senior VP & Chief Administration Officer of Steel Mills3.75yrsno data0.026%
$ 1.1m
Traci Forrester
Executive Vice President of Business Development1.5yrsno data0.012%
$ 540.6k
Brian Bishop
Senior Vice President of Commercial0.83yrno datano data

2.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: CLF's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
C. Goncalves
Chairman6.25yrsUS$16.07m0.78%
$ 33.9m
William Gerber
Director0.67yrno data0.024%
$ 1.1m
Ralph Michael
Director0.67yrno data0.033%
$ 1.4m
John Baldwin
Independent Director6.17yrsUS$244.00k0.034%
$ 1.5m
Gabriel Stoliar
Independent Director6.33yrsUS$220.00k0.054%
$ 2.3m
M. Harlan
Independent Director1.83yrsUS$234.23k0.016%
$ 690.5k
Arlene Yocum
Director0.67yrno data0.013%
$ 559.7k
Susan Green
Independent Director13.83yrsUS$220.00k0.026%
$ 1.1m
Douglas Taylor
Lead Independent Director6.25yrsUS$283.00k0.048%
$ 2.1m
Robert Fisher
Independent Director6.33yrsUS$220.00k0.042%
$ 1.8m
Eric Rychel
Independent Director4.08yrsUS$220.00k0.0072%
$ 312.8k
Janet Miller
Independent Director1.83yrsUS$234.23k0.015%
$ 668.4k

5.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CLF's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 47.8%.


Top Shareholders

Company Information

Cleveland-Cliffs Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cleveland-Cliffs Inc.
  • Ticker: CLF
  • Exchange: NYSE
  • Founded: 1847
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$4.332b
  • Shares outstanding: 399.24m
  • Website: https://www.clevelandcliffs.com

Number of Employees


Location

  • Cleveland-Cliffs Inc.
  • 200 Public Square
  • Suite 3300
  • Cleveland
  • Ohio
  • 44114-2315
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVADB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
CLFNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
CLF *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1968
0I0HLSE (London Stock Exchange)YesCommon SharesGBUSDJan 1968

Biography

Cleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics. The company o...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 23:37
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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 here.