Grufity logoGrufity logo
ScreenerStocksFundsSectorsWatchlists
CLF

Cleveland-Cliffs Inc

CLF

17.38USD+0.05 (+0.29%)Market Closed
Watchlist

Market Summary

USD17.38+0.05
Market Closed
0.29%

CLF Alerts

  • Big jump in Earnings (Y/Y)

CLF Stock Price

View Fullscreen

CLF RSI Chart

CLF Valuation

Market Cap

8.8B

Price/Earnings (Trailing)

22.79

Price/Sales (Trailing)

0.4

EV/EBITDA

4.99

Price/Free Cashflow

6.29

CLF Price/Sales (Trailing)

CLF Profitability

EBT Margin

2.37%

Return on Equity

3.33%

Return on Assets

1.52%

Free Cashflow Yield

15.91%

CLF Fundamentals

CLF Revenue

Revenue (TTM)

21.9B

Revenue Y/Y

-0.85%

Revenue Q/Q

-6.33%

CLF Earnings

Earnings (TTM)

275.0M

Earnings Y/Y

66.67%

Earnings Q/Q

-22.75%

Price Action

Last 7 days

-4.8%

Last 30 days

4.0%

Last 90 days

22.1%

Trailing 12 Months

7.6%

How does CLF drawdown profile look like?

CLF Financial Health

Current Ratio

2.11

CLF Investor Care

Buy Backs (1Y)

2.03%

Diluted EPS (TTM)

0.7

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202322.3B22.0B21.9B0
202222.4B23.6B23.3B23.0B
20219.0B13.0B17.4B20.4B
20202.2B2.5B3.6B5.4B
20192.3B2.3B2.2B2.0B
20181.8B2.0B2.1B2.3B
20172.1B2.1B2.1B1.9B
20161.9B1.9B1.8B2.1B
20153.2B3.0B2.6B2.0B
20145.2B4.4B3.9B3.4B
20135.8B5.7B5.7B5.7B
20126.6B6.5B5.9B5.9B
20115.1B5.6B6.4B6.6B
20102.6B3.4B4.1B4.7B
20093.6B3.0B2.4B2.3B
20082.6B2.9B3.3B3.6B
20070002.3B

Latest Insider Trading transactions for CLF

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Oct 02, 2023
miller janet l
acquired
10,003
15.63
640
-
Oct 02, 2023
fisher robert p jr
acquired
10,003
15.63
640
-
Oct 02, 2023
stoliar gabriel
sold (taxes)
-6,001
15.63
-384
-
Oct 02, 2023
stoliar gabriel
acquired
20,006
15.63
1,280
-
Jul 03, 2023
stoliar gabriel
sold (taxes)
-6,000
16.76
-358
-
Jul 03, 2023
fisher robert p jr
acquired
10,005
16.76
597
-
Jul 03, 2023
miller janet l
acquired
10,005
16.76
597
-
Jul 03, 2023
stoliar gabriel
acquired
19,994
16.76
1,193
-
May 02, 2023
michael ralph s iii
bought
149,592
14.9592
10,000
-
May 01, 2023
goncalves celso l jr
bought
98,697
15.1842
6,500
evp, cfo

1–10 of 50

Which funds bought or sold CLF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 07, 2023
Hudson Bay Capital Management LP
new
-
373,932
373,932
-%
Dec 06, 2023
David R. Rahn & Associates Inc.
new
-
218,820
218,820
0.11%
Dec 06, 2023
CITIGROUP INC
reduced
-62.42
-9,295,690
5,015,340
-%
Dec 01, 2023
Fortis Group Advisors, LLC
added
0.18
35,524
406,916
0.12%
Dec 01, 2023
B. Riley Wealth Advisors, Inc.
reduced
-15.11
-893,813
3,395,770
0.09%
Nov 27, 2023
AllSquare Wealth Management LLC
unchanged
-
5,904
64,083
0.04%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-63.19
-41,425,200
21,653,700
0.01%
Nov 22, 2023
KBC Group NV
unchanged
-
-
2,813,000
0.01%
Nov 22, 2023
Graham Capital Management, L.P.
new
-
1,503,720
1,503,720
0.04%
Nov 21, 2023
COMERICA BANK
new
-
3,818,530
3,818,530
0.02%

1–10 of 39

Latest Funds Activity

Are funds buying CLF calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CLF
No. of Funds

Schedule 13G FIlings of Cleveland-Cliffs Inc

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Aug 10, 2023
vanguard group inc
10.03%
51,040,393
SC 13G/A
Feb 09, 2023
vanguard group inc
9.75%
50,252,165
SC 13G/A
Jan 26, 2023
blackrock inc.
10.6%
54,411,677
SC 13G/A
Jan 20, 2023
blackrock inc.
10.6%
54,411,677
SC 13G/A
Jul 08, 2022
blackrock inc.
10.1%
53,000,139
SC 13G
Feb 09, 2022
vanguard group inc
8.44%
42,230,723
SC 13G/A
Feb 01, 2022
blackrock inc.
7.6%
37,770,610
SC 13G/A
Jul 12, 2021
blackrock inc.
7.7%
38,646,086
SC 13G/A
Feb 25, 2021
arcelormittal
7.66%
38,186,671
SC 13G
Feb 10, 2021
vanguard group inc
8.54%
40,754,661
SC 13G/A

Recent SEC filings of Cleveland-Cliffs Inc

View All Filings
Date Filed Form Type Document
Oct 25, 2023
10-Q
Quarterly Report
Oct 23, 2023
8-K
Current Report
Oct 04, 2023
4
Insider Trading
Oct 04, 2023
4
Insider Trading
Oct 04, 2023
4
Insider Trading
Sep 15, 2023
8-K/A
Current Report

Peers (Alternatives to Cleveland-Cliffs Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
58.3B
10.4B
7.29% 22.78%
20.9
5.6
3.67% -4.72%
54.7B
22.7B
13.48% -4.32%
16.49
2.41
-2.06% -44.93%
40.5B
35.7B
5.94% 7.42%
8.11
1.13
-17.19% -41.93%
31.1B
11.1B
12.36% -17.06%
-38.21
2.81
-8.67% -181.14%
15.4B
15.1B
-0.17% 26.55%
10.13
1.02
-13.35% -20.92%
MID-CAP
8.8B
21.9B
4.01% 7.55%
22.79
0.4
-5.85% -84.47%
6.5B
10.6B
-1.96% -46.96%
-9.33
0.55
-19.11% -2294.62%
5.3B
8.8B
1.19% -8.05%
6.2
0.61
-1.28% -7.73%
2.8B
754.4M
18.09% -15.59%
-62.08
3.76
6.37% -117.56%
2.4B
1.7B
8.72% 36.09%
22.61
1.41
-2.39% 36.52%
SMALL-CAP
1.2B
769.2M
31.30% -11.18%
-39.83
1.5
-1.81% 78.97%
998.7M
1.2B
2.50% -43.23%
47.9
0.83
-3.17% 194.56%
730.0M
2.2B
22.67% -2.83%
-3.91
0.33
-24.20% -216.77%
234.6M
-
-6.06% 50.00%
-74.42
-
- -196.73%
4.3M
16.3M
11.11% -92.03%
-0.36
0.26
-42.20% -176.50%

Cleveland-Cliffs Inc News

Latest updates
DirectorsTalk Interviews • 07 Dec 2023 • 03:20 pm • 36 hours ago
MarketBeat • 07 Dec 2023 • 12:32 pm • 39 hours ago
Investing.com UK • 05 Dec 2023 • 02:12 pm • 3 days ago
InvestorsObserver • 04 Dec 2023 • 02:54 pm • 4 days ago
Simply Wall St • 04 Dec 2023 • 11:49 am • 4 days ago
DirectorsTalk Interviews • 17 Nov 2023 • 08:00 am • 21 days ago
Simply Wall St • 14 Nov 2023 • 08:00 am • 24 days ago
Nasdaq • 09 Nov 2023 • 08:00 am • 29 days ago
Yahoo Finance • 07 Nov 2023 • 08:00 am • 31 days ago
InvestorsObserver • 06 Nov 2023 • 08:00 am • 32 days ago
Nasdaq • 02 Nov 2023 • 07:00 am • 36 days ago
Nasdaq • 31 Oct 2023 • 07:00 am • 38 days ago
Nasdaq • 26 Oct 2023 • 07:00 am • 43 days ago
Cleveland Cliffs • 23 Oct 2023 • 07:00 am • 46 days ago
Nasdaq • 23 Oct 2023 • 07:00 am • 46 days ago

Financials for Cleveland-Cliffs Inc

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-6.3%5,605,000,0005,984,000,0005,295,000,0005,044,000,0005,653,000,0006,337,000,0005,955,000,0005,346,000,0006,004,000,0005,045,000,0004,049,000,0002,256,000,0001,646,000,0001,093,000,000359,000,000534,100,000555,600,000743,200,000157,000,000696,300,000741,800,000
Gross Profit----------------126,900,000154,900,000263,000,00030,900,000202,000,000261,600,000
Costs and Expenses-4.0%5,280,000,0005,501,000,0005,326,000,0005,226,000,0005,466,000,0005,497,000,0004,861,000,0004,227,000,0004,355,000,0003,978,000,0003,872,000,0002,149,000,0001,608,000,0001,301,000,000438,000,000452,800,000434,000,000516,400,000157,800,000--
Operating Expenses----------------45,200,00033,300,00036,200,00031,700,00038,800,00036,100,000
  S&GA Expenses-3.4%144,000,000149,000,000127,000,000112,000,000124,000,000107,000,000122,000,00093,000,000116,000,000105,000,000108,000,00095,000,00059,000,00062,000,00028,000,00030,800,00025,500,00029,400,00027,300,00033,350,00029,100,000
EBITDA Margin8.4%0.080.070.090.130.180.240.270.240.220.150.080.050.040.110.22------
Interest Expenses-4.8%60,000,00063,000,00079,000,00048,000,00068,000,00068,000,00065,000,00068,000,00083,000,00073,000,00075,000,00053,000,00050,000,00037,000,00030,000,00026,100,00038,750,000-26,100,00039,200,000199,100,000-29,500,000
Income Taxes-71.6%29,000,000102,000,000-13,000,00019,000,00010,000,000157,000,000237,000,000214,000,000334,000,000216,000,0009,000,000-13,000,000-22,000,000-25,000,000-51,000,000-5,100,0004,800,00022,000,000-3,700,000-489,400,000500,000
Earnings Before Taxes-33.8%303,000,000458,000,000-56,000,000-186,000,000175,000,000757,000,0001,050,000,0001,112,000,0001,615,000,0001,010,000,00066,000,00060,000,000-20,000,000-132,000,000-101,000,00058,800,00096,600,000183,400,000-25,800,000134,800,000200,300,000
EBT Margin33.0%0.020.020.030.080.130.190.210.190.160.090.00-0.04-0.05-0.030.11------
Net Income-22.8%275,000,000356,000,000-42,000,000-204,000,000165,000,000601,000,000814,000,000899,000,0001,282,000,000795,000,00057,000,00074,000,0002,000,000-108,000,000-49,000,00063,200,00090,900,000160,800,000-22,100,000609,500,000437,800,000
Net Income Margin0.2%0.010.010.020.060.090.150.170.150.120.070.00-0.02-0.03-0.010.12------
Free Cashflow-20.0%605,000,000756,000,000-227,000,000262,000,000288,000,000633,000,000297,000,000905,000,0001,341,000,000349,000,000-515,000,000-350,900,000148,900,000-279,000,000-302,000,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-1.3%18,05918,30318,65218,75519,68820,03919,76818,97518,06617,74617,21516,7718,4818,4918,9123,5043,4913,3933,3063,5303,125
  Current Assets-3.1%6,9417,1657,4447,4228,3258,7688,5597,6537,1466,5745,8615,2982,6292,6423,0668981,0651,1191,1261,4801,651
    Cash Equivalents-8.8%31.0034.0059.0026.0056.0047.0035.0048.0042.0073.0011011256.0074.00187353399377430823897
  Inventory-2.9%4,5924,7274,9235,1305,5425,7845,5625,1884,5054,2803,9323,8281,7951,9342,149317-219313181188
  Net PPE-0.5%8,8378,8788,9509,0709,0309,0479,0129,1868,9748,9829,0148,7434,5514,5484,5501,9291,7701,5971,4101,2861,145
  Goodwill0%1,1301,1301,1301,1301,1411,1491,1271,1161,0721,0701741,4061441391412.00-----
Liabilities-4.5%9,79510,25910,85910,71312,42013,04513,16013,20113,77613,46713,75813,6927,3577,3737,6813,1463,1313,1083,0453,1053,211
  Current Liabilities-3.3%3,2943,4083,4603,5493,5803,9873,7513,5613,2792,9862,9332,9291,2141,0381,371409459437394468381
    LT Debt, Non Current-12.7%3,4583,9634,5594,2494,4754,6685,0285,2385,3505,3685,7345,3904,3104,4524,3572,1142,1092,1052,0872,0932,300
Shareholder's Equity-0.3%8,0208,0447,7937,7917,2686,9946,6085,7744,2903,5412,7192,3411,1241,1181,231358360286262424-
  Retained Earnings16.3%1,8881,6241,2771,3341,5481,396800-1.00-894-2,168-2,948-2,989-3,052-3,042-2,918-2,842-2,889-2,952-3,096-3,060-3,654
  Additional Paid-In Capital0.2%4,8504,8414,8324,8714,8644,8554,8484,8924,8875,4915,4875,4314,4464,4444,4503,8733,8683,8643,8603,9173,913
Shares Outstanding-0.8%505509515513515517525500500500499478399399399270270276290293298
Minority Interest0.8%244242247251260265269284294308330323313325328------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-13.5%767,000,000887,000,000-39,000,000489,000,000536,000,000865,000,000533,000,0001,137,000,0001,516,000,000511,000,000-379,000,000-207,000,000247,000,000-134,000,000-164,000,000179,900,000237,000,000262,300,000-111,200,000290,300,000238,000,000
Cashflow From Investing-28.0%-160,000,000-125,000,000-185,000,000-209,000,000-260,000,000-232,000,000-235,000,000-965,000,000-172,000,000-107,000,000-135,000,000-802,000,000-88,000,000-145,000,000-1,007,000,000-194,500,000-157,100,000-166,800,000-125,600,000-99,300,000-73,900,000
Cashflow From Financing22.5%-610,000,000-787,000,000257,000,000-310,000,000-267,000,000-621,000,000-311,000,000-166,000,000-1,375,000,000-441,000,000512,000,0001,065,000,000-177,000,000166,000,0001,005,000,000-27,100,000-59,000,000-150,100,000-157,800,000-268,300,000-82,000,000
  Dividend Payments------------200,000-23,900,00016,900,00026,900,00016,200,00014,100,00014,800,000--
  Buy Backs-37.9%59,000,00095,000,000-30,000,00034,000,000157,000,00019,000,000--------100,000-128,600,000124,300,00048,000,000-

CLF Income Statement

2023-09-30
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]    
Revenues$ 5,605$ 5,653$ 16,884$ 17,945
Operating costs:    
Cost of goods sold(5,125)(5,305)(15,661)(15,367)
Selling, general and administrative expenses(144)(124)(420)(353)
Miscellaneous – net(11)(37)(26)(104)
Total operating costs(5,280)(5,466)(16,107)(15,824)
Operating income3251877772,121
Other income (expense):    
Interest expense, net(70)(64)(226)(205)
Gain (loss) on extinguishment of debt040(76)
Net periodic benefit credits other than service cost component5049150148
Other non-operating income (expense)(2)(1)4(6)
Total other expense(22)(12)(72)(139)
Income from continuing operations before income taxes3031757051,982
Income tax expense(29)(10)(118)(404)
Income from continuing operations2741655871,578
Income from discontinued operations, net of tax1022
Net income2751655891,580
Income attributable to noncontrolling interest(11)(13)(35)(31)
Net income attributable to Cliffs shareholders$ 264$ 152$ 554$ 1,549
Earnings per common share attributable to Cliffs shareholders - basic    
Continuing operations (in dollars per share)$ 0.52$ 0.30$ 1.08$ 2.98
Discontinued operations (in dollars per share)0000
Earnings per Common Share - Basic (in dollars per share)0.520.301.082.98
Earnings per common share attributable to Cliffs shareholders - diluted    
Continuing operations (in dollars per share)0.520.291.082.95
Discontinued operations (in dollars per share)0000
Earnings per Common Share - Diluted (in dollars per share)$ 0.52$ 0.29$ 1.08$ 2.95

CLF Balance Sheet

2023-09-30
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 31$ 26
Accounts receivable, net2,1221,960
Inventories4,5925,130
Other current assets196306
Total current assets6,9417,422
Non-current assets:  
Property, plant and equipment, net8,8379,070
Goodwill1,1301,130
Pension and OPEB, asset392356
Other non-current assets759777
TOTAL ASSETS18,05918,755
Current liabilities:  
Accounts payable2,0762,186
Accrued employment costs467429
Accrued expenses263383
Other current liabilities488551
Total current liabilities3,2943,549
Non-current liabilities:  
Long-term debt3,4584,249
Pension liability, non-current456473
OPEB liability, non-current563585
Deferred income taxes662590
Other non-current liabilities1,3621,267
TOTAL LIABILITIES9,79510,713
Commitments and contingencies (See Note 17)
SHAREHOLDERS' EQUITY  
Common shares - par value $0.125 per share, Authorized - 1,200,000,000 shares (2022 - 1,200,000,000 shares); Issued - 531,051,530 shares (2022 -531,051,530 shares); Outstanding - 504,849,719 shares (2022 - 513,340,779 shares)6666
Capital in excess of par value of shares4,8504,871
Retained earnings1,8881,334
Cost of 26,201,811 common shares in treasury (2022 - 17,710,751 shares)(431)(310)
Accumulated other comprehensive income1,6471,830
Total Cliffs shareholders' equity8,0207,791
Noncontrolling interest244251
TOTAL EQUITY8,2648,042
TOTAL LIABILITIES AND EQUITY$ 18,059$ 18,755
CLF
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
 CEO
 WEBSITEwww.clevelandcliffs.com
 EMPLOYEES27000

Cleveland-Cliffs Inc Frequently Asked Questions


What is the ticker symbol for Cleveland-Cliffs Inc? What does CLF stand for in stocks?

CLF is the stock ticker symbol of Cleveland-Cliffs Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cleveland-Cliffs Inc (CLF)?

As of Fri Dec 08 2023, market cap of Cleveland-Cliffs Inc is 8.77 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CLF stock?

You can check CLF's fair value in chart. The fair value of Cleveland-Cliffs Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cleveland-Cliffs Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CLF so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cleveland-Cliffs Inc a good stock to buy?

The fair value guage provides a quick view whether CLF is over valued or under valued. Whether Cleveland-Cliffs Inc is cheap or expensive depends on the assumptions which impact Cleveland-Cliffs Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CLF.

What is Cleveland-Cliffs Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Dec 08 2023, CLF's PE ratio (Price to Earnings) is 22.79 and Price to Sales (PS) ratio is 0.4. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CLF PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Cleveland-Cliffs Inc's stock?

In the past 10 years, Cleveland-Cliffs Inc has provided -0.027 (multiply by 100 for percentage) rate of return.