NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$9.7b

Last Updated

2021/05/16 22:12 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Limited growth with imperfect balance sheet.


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 +/- 11% a week.

Volatility Over Time: CLF's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

-7.6%

CLF

0.2%

US Metals and Mining

-1.7%

US Market


1 Year Return

375.9%

CLF

101.0%

US Metals and Mining

50.8%

US Market

Return vs Industry: CLF exceeded the US Metals and Mining industry which returned 100.8% over the past year.

Return vs Market: CLF exceeded the US Market which returned 50.8% over the past year.


Shareholder returns

CLFIndustryMarket
7 Day-7.6%0.2%-1.7%
30 Day8.4%9.4%-1.5%
90 Day17.5%24.2%0.4%
1 Year375.9%375.9%105.4%101.0%53.3%50.8%
3 Year139.3%126.6%60.8%50.1%61.5%51.4%
5 Year605.6%568.2%157.0%134.1%125.8%100.7%

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?

4.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CLF ($19.51) is trading above our estimate of fair value ($17.63)

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


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 (4.1x) compared to the US Metals and Mining industry average (2.6x).


Future Growth

How is Cleveland-Cliffs forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-36.0%

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 (-36% per year).

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 (1.9% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: CLF's revenue (1.9% per year) is forecast to grow slower 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 (13.9%).


Past Performance

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

5.5%

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 5.5% 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 (37%).


Return on Equity

High ROE: CLF has a negative Return on Equity (0.72%), as it is currently unprofitable.


Financial Health

How is Cleveland-Cliffs's financial position?


Financial Position Analysis

Short Term Liabilities: CLF's short term assets ($5.9B) exceed its short term liabilities ($2.9B).

Long Term Liabilities: CLF's short term assets ($5.9B) do not cover its long term liabilities ($10.8B).


Debt to Equity History and Analysis

Debt Level: CLF's debt to equity ratio (148.5%) 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 operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


Dividend

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

0.55%

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?

3.3yrs

Average management tenure


CEO

C. Goncalves (62 yo)

6.75yrs

Tenure

US$18,511,405

Compensation

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 ($USD18.51M) is above average for companies of similar size in the US market ($USD11.15M).

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


Leadership Team

Experienced Management: CLF's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: CLF's board of directors are considered experienced (5.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CLF 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 25.3%.


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$9.743b
  • Shares outstanding: 499.40m
  • Website: https://www.clevelandcliffs.com

Number of Employees


Location

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

Listings


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 Analysis2021/05/16 22:12
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.