Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally.
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Exceptional growth potential and undervalued.
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's share price has been volatile over the past 3 months.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: CLF underperformed the US Metals and Mining industry which returned 8% over the past year.
Return vs Market: CLF underperformed the US Market which returned 4.1% over the past year.
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
2 months ago | Simply Wall StWhat Is Cleveland-Cliffs's (NYSE:CLF) P/E Ratio After Its Share Price Tanked?
2 months ago | Simply Wall StC. Goncalves Is The Chairman of Cleveland-Cliffs Inc. (NYSE:CLF) And They Just Spent US$898k On Shares
2 months ago | Simply Wall StHow Does Cleveland-Cliffs's (NYSE:CLF) P/E Compare To Its Industry, After The Share Price Drop?
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 ($4.68) is trading below our estimate of fair value ($7.11)
Significantly Below Fair Value: CLF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CLF is good value based on its PE Ratio (4.9x) compared to the Metals and Mining industry average (8.3x).
PE vs Market: CLF is good value based on its PE Ratio (4.9x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: CLF is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: CLF is overvalued based on its PB Ratio (2.1x) compared to the US Metals and Mining industry average (1.2x).
How is Cleveland-Cliffs forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLF's forecast earnings growth (76.3% per year) is above the savings rate (2.2%).
Earnings vs Market: CLF's earnings (76.3% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CLF's revenue (35.9% per year) is forecast to grow faster than the US market (8.9% per year).
High Growth Revenue: CLF's revenue (35.9% 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 high in 3 years time (40%)
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 $86.9M impacting its March 31 2020 financial results.
Growing Profit Margin: CLF's current net profit margins (12%) are lower than last year (44.6%).
Past Earnings Growth Analysis
Earnings Trend: CLF's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: CLF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CLF had negative earnings growth (-74.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (-12.4%).
Return on Equity
High ROE: Whilst CLF's Return on Equity (21.72%) 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 ($3.1B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: CLF's short term assets ($3.1B) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: CLF's debt to equity ratio (353.9%) is considered high.
Reducing Debt: CLF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CLF's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: CLF's interest payments on its debt are well covered by EBIT (4x coverage).
What is Cleveland-Cliffs's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CLF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CLF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CLF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CLF is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLF's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
C. Goncalves (61yo)
Mr. C. Lourenco Goncalves has been the Chairman, Chief Executive Officer and President at Cleveland-Cliffs Inc. since August 7, 2014. Mr. Goncalves is responsible for overseeing and facilitating communicat ...
CEO Compensation Analysis
Compensation vs Market: C.'s total compensation ($USD16.07M) is above average for companies of similar size in the US market ($USD4.91M).
Compensation vs Earnings: C.'s compensation has been consistent with company performance over the past year.
|Executive VP & CFO||1.25yrs||US$2.05m||0.025% $458.7k|
|Executive VP & COO||1.33yrs||US$3.71m||0.068% $1.3m|
|Executive VP of HR & Chief Administration Officer||2.33yrs||US$2.64m||0.057% $1.1m|
|Executive VP & COO of Steel Millss||6.33yrs||US$2.75m||0.061% $1.1m|
|VP, Corporate Controller & Chief Accounting Officer||0.083yr||no data||0.0045% $84.5k|
|Director of Investor Relations||no data||no data||no data|
|Executive VP||7.17yrs||no data||0.051% $955.3k|
|Director of Corporate Communications||8yrs||no data||no data|
|Senior VP & Chief Administration Officer of Steel Mills||3.25yrs||no data||0.026% $487.8k|
Experienced Management: CLF's management team is considered experienced (3.3 years average tenure).
|Director||0.17yr||no data||0.033% $611.1k|
|Independent Director||5.67yrs||US$244.00k||0.034% $625.9k|
|Independent Director||5.83yrs||US$220.00k||0.053% $979.9k|
|Independent Director||1.33yrs||US$234.23k||0.015% $274.2k|
|Independent Director||13.33yrs||US$220.00k||0.026% $480.0k|
|Lead Independent Director||5.75yrs||US$283.00k||0.047% $876.2k|
|Independent Director||5.83yrs||US$220.00k||0.041% $764.7k|
|Independent Director||3.58yrs||US$220.00k||0.0072% $134.9k|
|Independent Director||1.33yrs||US$234.23k||0.015% $276.7k|
Experienced Board: CLF's board of directors are considered experienced (5.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.9%.
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$1.865b
- Shares outstanding: 398.61m
- Website: https://www.clevelandcliffs.com
Number of Employees
- Cleveland-Cliffs Inc.
- 200 Public Square
- Suite 3300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CVA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1968|
|CLF||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 1968|
|CLF *||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Jan 1968|
|0I0H||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Jan 1968|
Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally. The company operates four iron ore mines, including the Tilden mine in Michigan; and the Northshore, United Taconite, and Hibbing mines in Minnesota. It serves integrated steel companies and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 12:20|
|End of Day Share Price||2020/05/22 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.