Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. More Details
Fair value with mediocre balance sheet.
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 +/- 7% a week.
Volatility Over Time: CLF's weekly volatility (7%) has been stable over the past year.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: CLF exceeded the US Metals and Mining industry which returned 36.9% over the past year.
Return vs Market: CLF exceeded the US Market which returned 33.8% over the past year.
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
1 week ago | Simply Wall StAre Investors Undervaluing Cleveland-Cliffs Inc. (NYSE:CLF) By 23%?
1 month ago | Simply Wall StIs Cleveland-Cliffs (NYSE:CLF) A Risky Investment?
1 month ago | Simply Wall StCan Cleveland-Cliffs Inc.'s (NYSE:CLF) ROE Continue To Surpass The Industry Average?
Is Cleveland-Cliffs undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLF ($21.86) is trading below our estimate of fair value ($33.89)
Significantly Below Fair Value: CLF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CLF is poor value based on its PE Ratio (13.9x) compared to the US Metals and Mining industry average (12.2x).
PE vs Market: CLF is good value based on its PE Ratio (13.9x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: CLF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CLF is overvalued based on its PB Ratio (3.4x) compared to the US Metals and Mining industry average (2.4x).
How is Cleveland-Cliffs forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLF's earnings are forecast to decline over the next 3 years (-43.7% per year).
Earnings vs Market: CLF's earnings are forecast to decline over the next 3 years (-43.7% per year).
High Growth Earnings: CLF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CLF's revenue is expected to decline over the next 3 years (-7.4% per year).
High Growth Revenue: CLF's revenue is forecast to decline over the next 3 years (-7.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CLF's Return on Equity is forecast to be high in 3 years time (21.2%)
How has Cleveland-Cliffs performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLF has a large one-off loss of $377.0M impacting its June 30 2021 financial results.
Growing Profit Margin: CLF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CLF's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: CLF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CLF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (102.1%).
Return on Equity
High ROE: Whilst CLF's Return on Equity (21.64%) is high, this metric is skewed due to their high level of debt.
How is Cleveland-Cliffs's financial position?
Financial Position Analysis
Short Term Liabilities: CLF's short term assets ($6.6B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: CLF's short term assets ($6.6B) do not cover its long term liabilities ($10.5B).
Debt to Equity History and Analysis
Debt Level: CLF's debt to equity ratio (125.4%) is considered high.
Reducing Debt: CLF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CLF's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: CLF's interest payments on its debt are well covered by EBIT (5.7x coverage).
What is Cleveland-Cliffs's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CLF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CLF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CLF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CLF is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLF's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
C. Goncalves (63 yo)
Mr. C. Lourenco Goncalves has been the Chairman, Chief Executive Officer and President at Cleveland-Cliffs Inc. since August 7, 2014. Mr. Goncalves has experience in the metals and mining industries, as we...
CEO Compensation Analysis
Compensation vs Market: C.'s total compensation ($USD18.51M) is above average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: C.'s compensation has been consistent with company performance over the past year.
Experienced Management: CLF's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: CLF's board of directors are considered experienced (7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.2%.
Cleveland-Cliffs Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cleveland-Cliffs Inc.
- Ticker: CLF
- Exchange: NYSE
- Founded: 1847
- Industry: Steel
- Sector: Materials
- Market Cap: US$10.924b
- Shares outstanding: 499.73m
- Website: https://www.clevelandcliffs.com
Number of Employees
- Cleveland-Cliffs Inc.
- 200 Public Square
- Suite 3300
- United States
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. It also manufactures iron ore pellets. The company is vertically integrated from mined raw materials and direct reduced iron...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:07|
|End of Day Share Price||2021/09/17 00:00|
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.