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Cleveland-Cliffs Inc Stock Research

CLF

15.05USD+0.98(+6.97%)Market Closed

Market Summary

USD15.05+0.98
Market Closed
6.97%

CLF Alerts

CLF Stock Price

CLF RSI Chart

CLF Valuation

Market Cap

7.8B

Price/Earnings (Trailing)

14.91

Price/Sales (Trailing)

0.35

EV/EBITDA

3.99

Price/Free Cashflow

8.11

CLF Price/Sales (Trailing)

CLF Profitability

EBT Margin

7.81%

Return on Equity

17.66%

Return on Assets

7.34%

Free Cashflow Yield

12.33%

CLF Fundamentals

CLF Revenue

Revenue (TTM)

22.3B

Revenue Y/Y

-11.08%

Revenue Q/Q

4.98%

CLF Earnings

Earnings (TTM)

520.0M

Earnings Y/Y

-105.16%

Earnings Q/Q

79.41%

Price Action

52 Week Range

11.8323.91
(Low)(High)

Last 7 days

4.8%

Last 30 days

0.3%

Last 90 days

-34.0%

Trailing 12 Months

-36.0%

CLF Financial Health

Current Ratio

2.09

Debt/Equity

0.57

Debt/Cashflow

0.54

CLF Investor Care

Dividend Yield

1.58%

Buy Backs (1Y)

1.84%

Diluted EPS (TTM)

0.91

Peers (Alternatives to Cleveland-Cliffs)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
61.8B
10.1B
-6.81% 12.98%
23.34
6.15
-9.74% -22.37%
60.3B
21.6B
2.37% -9.88%
13.46
2.65
-12.33% -16.51%
38.3B
39.7B
-3.35% 7.84%
5.03
0.92
-0.58% -16.70%
33.4B
11.6B
-11.37% -38.81%
-63.54
2.89
-6.48% -149.86%
16.9B
22.3B
-4.26% 15.56%
4.36
0.76
20.92% 19.49%
MID-CAP
7.8B
22.3B
0.27% -36.01%
14.91
0.35
37.87% -86.51%
5.3B
9.2B
1.81% 13.25%
5.12
0.58
16.55% 15.99%
5.0B
4.0B
2.05% 38.50%
29.31
1.23
37.35% 28250.00%
4.9B
20.3B
1.16% -12.34%
1.42
0.22
-7.07% -62.92%
2.9B
5.2B
3.40% 24.99%
13.79
0.56
10.80% -50.22%
2.4B
2.4B
-6.00% 37.40%
116.03
1.01
39.05% 118.84%
SMALL-CAP
1.0B
784.5M
-9.36% -27.23%
-9.3
1.31
-4.22% -329.47%
802.0M
1.3B
12.00% -23.89%
3.67
0.55
-4.40% -78.62%
91.9M
551.2K
-14.36% -35.52%
-30.22
166.8
-10.00% 49.14%
13.7M
283.1K
-10.77% -46.79%
-2.12
48.54
2019.51% 12.40%

Financials for Cleveland-Cliffs

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-2.9%22,32922,98923,92724,39522,672
  S&GA Expenses1.1%470465446438436
EBITDA-29.8%3,0794,3845,8416,057-
EBITDA Margin-26.9%0.13*0.18*0.24*0.27*-
Earnings Before Taxes-61.6%6901,7963,0944,5344,787
EBT Margin-39.6%0.08*0.13*0.19*0.21*-
Interest Expenses5.6%263249269284289
Net Income-62.2%5201,3762,1073,5963,855
Net Income Margin-32.0%0.06*0.09*0.15*0.17*-
Free Cahsflow-30.3%1,4802,1233,1762,892-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.5%18,65218,75519,68820,03919,768
  Current Assets0.3%7,4447,4228,3258,7688,559
    Cash Equivalents126.9%59.0026.0056.0047.0035.00
  Inventory-4.0%4,9235,1305,5425,7845,562
  Net PPE-1.3%8,9509,0709,0309,0479,012
  Goodwill0%1,1301,1301,1411,1491,127
Liabilities1.4%10,85910,71312,42013,04513,160
  Current Liabilities-2.5%3,4603,5493,5803,9873,751
  Long Term Debt-4.1%4,4754,6685,028--
    LT Debt, Non Current7.3%4,5594,2494,4754,6685,028
Shareholder's Equity-3.1%7,5467,7917,0086,9946,608
  Retained Earnings-4.3%1,2771,3341,5481,396800
  Additional Paid-In Capital-0.8%4,8324,8714,8644,8554,848
Shares Outstanding0.3%515513515517525
Minority Interest-1.6%247251260265269
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-23.6%1,8512,4233,0714,0513,697
Cashflow From Investing5.3%-886-936-1,692-1,604-1,479
Cashflow From Financing37.6%-941-1,509-1,365-2,473-2,293
  Buy Backs-7.9%22124021017619.00

Risks for CLF

What is the probability of a big loss on CLF?

100%


Probability that Cleveland-Cliffs stock will be more than 20% underwater in next one year

74.6%


Probability that Cleveland-Cliffs stock will be more than 30% underwater in next one year.

46.9%


Probability that Cleveland-Cliffs stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CLF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cleveland-Cliffs was unfortunately bought at previous high price.

Drawdowns

Returns for CLF

Cumulative Returns on CLF

-1.4%


10-Year Cumulative Returns

19.2%


7-Year Cumulative Returns

12.9%


5-Year Cumulative Returns

39.0%


3-Year Cumulative Returns

What are the long-term rolling returns for CLF?

FIve years rolling returns for Cleveland-Cliffs.

Annualized Returns

Which funds bought or sold CLF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-06-01
MACQUARIE GROUP LTD
unchanged
-
75,679
624,869
-%
2023-06-01
PRELUDE CAPITAL MANAGEMENT, LLC
sold off
-100
-796,108
-
-%
2023-05-30
Warther Private Wealth, LLC
reduced
-46.78
-498,803
765,864
0.58%
2023-05-26
ProShare Advisors LLC
reduced
-43.84
-317,426
561,906
-%
2023-05-26
Fortis Group Advisors, LLC
new
-
340,812
340,812
0.10%
2023-05-24
Old North State Trust, LLC
unchanged
-
-
1,000
-%
2023-05-23
Toroso Investments, LLC
added
174
1,253,000
1,842,000
0.03%
2023-05-23
ROYCE & ASSOCIATES LP
added
2.85
1,482,240
10,190,000
0.10%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-22.46
-3,327,060
25,217,900
0.01%
2023-05-22
CTC LLC
new
-
2,492,710
2,492,710
-%

1–10 of 42

Latest Funds Activity

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

Cleveland-Cliffs News

MarketBeat
GSA Capital Partners LLP Purchases Shares of 57619 Cleveland ....
MarketBeat,
16 hours ago
The Motley Fool
InvestorsObserver
Nasdaq
The Coin Republic

Schedule 13G FIlings of Cleveland-Cliffs

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 08, 2021
fmr llc
-
0
SC 13G/A

CLF Fair Value

Show Fair-Value

Recent SEC filings of Cleveland-Cliffs

View All Filings
Date Filed Form Type Document
May 26, 2023
SD
SD
May 19, 2023
8-K
Current Report
May 02, 2023
4
Insider Trading
May 01, 2023
4
Insider Trading
Apr 28, 2023
4
Insider Trading
Apr 28, 2023
4
Insider Trading
Apr 28, 2023
4
Insider Trading
Apr 28, 2023
4
Insider Trading
Apr 28, 2023
4
Insider Trading
Apr 28, 2023
4
Insider Trading

Latest Insider Trading transactions for CLF

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-02
MICHAEL RALPH S III
bought
149,592
14.9592
10,000
-
2023-05-01
Goncalves Celso L Jr
bought
98,697
15.1842
6,500
evp, cfo
2023-04-28
Yocum Arlene M
bought
22,702
15.1351
1,500
-
2023-04-27
GONCALVES LOURENCO
bought
1,496,350
14.9635
100,000
chairman, president & ceo
2023-04-27
Koci Keith
bought
108,548
14.8696
7,300
evp & president, cc services
2023-04-26
Yocum Arlene M
acquired
-
-
9,433
-
2023-04-26
Miller Janet L
acquired
-
-
9,433
-
2023-04-26
Taylor Douglas C
acquired
-
-
9,433
-
2023-04-26
GERBER WILLIAM K
acquired
-
-
9,433
-
2023-04-26
Stoliar Gabriel
acquired
-
-
9,433
-

1–10 of 50

C. Lourenço Gonçalves
26000
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, 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.

CLF Income Statement

2023-03-31
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
Revenues$ 5,295$ 5,955
Operating costs:  
Cost of goods sold(5,196)(4,706)
Selling, general and administrative expenses(127)(122)
Miscellaneous – net(3)(33)
Total operating costs(5,326)(4,861)
Operating income (loss)(31)1,094
Other income (expense):  
Interest expense, net(77)(77)
Loss on extinguishment of debt0(14)
Net periodic benefit credits other than service cost component5049
Other non-operating income (expense)2(2)
Total other expense(25)(44)
Income (loss) from continuing operations before income taxes(56)1,050
Income tax benefit (expense)13(237)
Income (loss) from continuing operations(43)813
Income from discontinued operations, net of tax11
Net income (loss)(42)814
Income attributable to noncontrolling interest(15)(13)
Net income (loss) attributable to Cliffs shareholders$ (57)$ 801
Earnings (loss) per common share attributable to Cliffs shareholders - basic  
Continuing operations (in dollars per share)$ (0.11)$ 1.54
Discontinued operations (in dollars per share)00
Earnings per Common Share - Basic (in dollars per share)(0.11)1.54
Earnings (loss) per common share attributable to Cliffs shareholders - diluted  
Continuing operations (in dollars per share)(0.11)1.50
Discontinued operations (in dollars per share)00
Earnings per Common Share - Diluted (in dollars per share)$ (0.11)$ 1.50

CLF Balance Sheet

2023-03-31
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 59$ 26
Accounts receivable, net2,2161,960
Inventories4,9235,130
Other current assets246306
Total current assets7,4447,422
Non-current assets:  
Property, plant and equipment, net8,9509,070
Goodwill1,1301,130
Pension and OPEB, asset370356
Other non-current assets758777
TOTAL ASSETS18,65218,755
Current liabilities:  
Accounts payable2,1732,186
Accrued employment costs388429
Accrued expenses271383
Other current liabilities628551
Total current liabilities3,4603,549
Non-current liabilities:  
Long-term debt4,5594,249
Pension liability, non-current465473
OPEB liability, non-current572585
Deferred income taxes527590
Other non-current liabilities1,2761,267
TOTAL LIABILITIES10,85910,713
Commitments and contingencies (See Note 17)
SHAREHOLDERS' EQUITY  
Common shares - par value $0.125 per share, Authorized - 1,200,000,000 shares (2022 - 1,200,000,000 shares); Issued - 531,051,530 shares (2022 -531,051,530 shares); Outstanding - 515,052,745 shares (2022 - 513,340,779 shares)6666
Capital in excess of par value of shares4,8324,871
Retained earnings1,2771,334
Cost of 15,998,785 common shares in treasury (2022 - 17,710,751 shares)(280)(310)
Accumulated other comprehensive income1,6511,830
Total Cliffs shareholders' equity7,5467,791
Noncontrolling interest247251
TOTAL EQUITY7,7938,042
TOTAL LIABILITIES AND EQUITY$ 18,652$ 18,755