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Cleveland-Cliffs Inc Stock Research

CLF

21.62USD+0.34(+1.60%)Market Closed

Market Summary

USD21.62+0.34
Market Closed
1.60%

CLF Stock Price

CLF RSI Chart

CLF Valuation

Market Cap

11.1B

Price/Earnings (Trailing)

5.29

Price/Sales (Trailing)

0.47

EV/EBITDA

3.55

Price/Free Cashflow

5.25

CLF Price/Sales (Trailing)

CLF Profitability

EBT Margin

12.93%

Return on Equity

30.06%

Return on Assets

10.7%

Free Cashflow Yield

19.06%

CLF Fundamentals

CLF Revenue

Revenue (TTM)

23.9B

Revenue Y/Y

-5.85%

Revenue Q/Q

-10.79%

CLF Earnings

Earnings (TTM)

2.1B

Earnings Y/Y

-87.13%

Earnings Q/Q

-72.55%

Price Action

52 Week Range

11.8334.04
(Low)(High)

Last 7 days

3.1%

Last 30 days

33.1%

Last 90 days

60.7%

Trailing 12 Months

33.4%

CLF Financial Health

Current Ratio

2.33

Debt/Equity

0.64

Debt/Cashflow

0.69

CLF Investor Care

Dividend Yield

1.58%

Dividend/Share (TTM)

0.24

Shares Dilution (1Y)

3.05%

Diluted EPS (TTM)

4.59

Peers (Alternatives to Cleveland-Cliffs)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
64.1B
23.2B
18.32% 22.51%
13.2
2.77
9.49% -0.10%
57.7B
10.1B
22.14% 24.20%
22.35
5.74
-3.92% -18.56%
43.2B
43.2B
24.83% 73.87%
5.03
1
37.52% 72.87%
42.3B
12.1B
12.56% -10.75%
42.25
3.5
-0.88% -50.79%
21.0B
22.7B
19.47% 120.87%
4.84
0.92
44.88% 84.67%
11.1B
23.9B
33.05% 33.37%
5.29
0.47
37.87% -4.59%
MID-CAP
6.4B
8.9B
13.53% 66.35%
5.3
0.72
32.45% 194.83%
4.9B
22.3B
15.83% 56.47%
1.42
0.22
29.82% 8.40%
4.7B
3.6B
18.49% 94.31%
193.59
1.3
33.36% 102.14%
2.7B
4.4B
15.63% 5.06%
8.61
0.61
24.05% 28.03%
2.4B
2.2B
34.52% 76.31%
-425.65
1.11
38.38% 96.05%
SMALL-CAP
1.1B
816.5M
14.12% -12.20%
-8.06
1.31
-8.17% -1488.99%
802.0M
1.4B
13.09% 39.29%
3.67
0.55
23.10% 53.71%
121.6M
557.5K
56.85% -15.10%
-37.69
218.03
-5.30% 53.67%
18.2M
219.1K
4.45% -39.66%
-2.34
82.91
46.03% -19.70%

Financials for Cleveland-Cliffs

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q32021Q2
Revenue-1.9%23,92724,39522,67217,35412,996
  S&GA Expenses1.8%446438436424-
EBITDA-24.9%4,3845,8416,057--
EBITDA Margin-23.5%0.18*0.24*0.27*--
Earnings Before Taxes-31.8%3,0944,5344,7872,751-
EBT Margin-30.4%0.13*0.19*0.21*--
Interest Expenses-5.3%269284289284-
Net Income-41.4%2,1073,5963,8552,208928
Net Income Margin-40.3%0.09*0.15*0.17*--
Free Cahsflow-33.2%2,1233,1762,892--
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.8%19,68820,03919,76818,97518,066
  Current Assets-5.1%8,3258,7688,5597,6537,146
    Cash Equivalents19.1%5647354842
  Inventory-4.2%5,5425,7845,5625,1884,505
  Net PPE-0.2%9,0309,0479,0129,1868,974
  Goodwill-0.7%1,1411,1491,1271,1161,072
Liabilities-4.8%12,42013,04513,16013,20113,776
  Current Liabilities-10.2%3,5803,9873,7513,5613,279
  Long Term Debt-4.1%4,4754,6685,0285,238-
    LT Debt, Non Current-4.1%4,4754,6685,0285,2385,350
Shareholder's Equity0.2%7,0086,9946,6085,4904,290
  Retained Earnings10.9%1,5481,396800-1.00-894.00
  Additional Paid-In Capital0.2%4,8644,8554,8484,8924,887
Accumulated Depreciation-2,340----
Shares Outstanding-0.4%515517525500500
Minority Interest-1.9%260265269284294
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-24.2%3,0714,0513,6972,7851,441
Cashflow From Investing-5.5%-1,692.00-1,604.00-1,479.00-1,379.00-1,216.00
Cashflow From Financing44.8%-1,365.00-2,473.00-2,293.00-1,470.00-239.00
  Buy Backs19.3%2101761900
* denotes actual numbers (not divided by Millions)

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

69.6%


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

40.8%


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

-3.9%


10-Year Cumulative Returns

46.1%


7-Year Cumulative Returns

24.5%


5-Year Cumulative Returns

45.3%


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
2023-01-26
COMERICA BANK
reduced
-1.96
1,157,000
4,765,000
0.04%
2023-01-26
Sumitomo Mitsui DS Asset Management Company, Ltd
unchanged
-
92,352
562,352
0.01%
2023-01-26
Supplemental Annuity Collective Trust of NJ
reduced
-41.86
-176,250
402,750
0.17%
2023-01-26
STRS OHIO
added
31.84
330,000
901,000
-%
2023-01-26
Empowered Funds, LLC
sold off
-100
-3,480,000
-
-%
2023-01-26
Winch Advisory Services, LLC
unchanged
-
4,000
28,000
0.01%
2023-01-26
WEALTH ADVISORS, INC.
reduced
-8.91
24,316
292,316
0.16%
2023-01-26
OREGON PUBLIC EMPLOYEES RETIREMENT FUND
reduced
-0.37
884,504
5,498,500
0.07%
2023-01-26
Barnett & Company, Inc.
added
12.55
185,534
722,534
0.55%
2023-01-26
NJ State Employees Deferred Compensation Plan
unchanged
-
295,320
1,804,320
0.29%

1–10 of 48

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

KeyCorp Comments on Cleveland-Cliffs Inc.'s FY2023 Earnings ....

MarketBeat,
20 hours ago

Marketing Sentinel

InvestorPlace

Schedule 13G FIlings of Cleveland-Cliffs

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 26, 2021
blackrock inc.
15.2%
60,856,942
SC 13G/A

CLF Fair Value

Recent SEC filings of Cleveland-Cliffs

View All Filings
Date Filed Form Type Document
Jan 26, 2023
SC 13G/A
Major Ownership Report
Jan 20, 2023
SC 13G/A
Major Ownership Report
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading
Jan 06, 2023
4
Insider Trading

Latest Insider Trading transactions for CLF

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-04
Graham James D
sold (taxes)
-789,600
17.2
-45,907
evp hr chief legal admin & sec
2023-01-04
Forrester Traci L
acquired
-
-
48,968
evp, environ & sustainability
2023-01-04
Graham James D
acquired
-
-
68,257
evp hr chief legal admin & sec
2023-01-04
Floriani Kimberly A
acquired
-
-
3,081
svp, controller & cao
2023-01-04
GONCALVES LOURENCO
sold (taxes)
-6,932,180
17.2
-403,034
chairman, president & ceo
2023-01-04
Forrester Traci L
sold (taxes)
-527,421
17.2
-30,664
evp, environ & sustainability
2023-01-04
Fedor Terry G.
sold (taxes)
-943,798
17.2
-54,872
evp, operations
2023-01-04
Smith Clifford T
acquired
-
-
139,111
evp & president, cc steel
2023-01-04
GONCALVES LOURENCO
acquired
-
-
563,864
chairman, president & ceo
2023-01-04
Smith Clifford T
sold (taxes)
-1,710,250
17.2
-99,433
evp & president, cc steel

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

2022-09-30
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenues$ 5,653$ 6,004$ 17,945$ 15,098
Operating costs:    
Cost of goods sold(5,305)(4,229)(15,367)(11,838)
Selling, general and administrative expenses(124)(116)(353)(329)
Miscellaneous – net(37)(10)(104)(38)
Total operating costs(5,466)(4,355)(15,824)(12,205)
Operating income1871,6492,1212,893
Other income (expense):    
Interest expense, net(64)(81)(205)(258)
Gain (loss) on extinguishment of debt40(76)(88)
Net periodic benefit credits other than service cost component4946148139
Other non-operating income (expense)(1)1(6)5
Total other expense(12)(34)(139)(202)
Income from continuing operations before income taxes1751,6151,9822,691
Income tax expense(10)(334)(404)(559)
Income from continuing operations1651,2811,5782,132
Income from discontinued operations, net of tax0122
Net income1651,2821,5802,134
Income attributable to noncontrolling interest(13)(8)(31)(39)
Net income attributable to Cliffs shareholders$ 152$ 1,274$ 1,549$ 2,095
Earnings per common share attributable to Cliffs shareholders - basic    
Continuing operations (in dollars per share)$ 0.30$ 2.46$ 2.98$ 3.87
Discontinued operations (in dollars per share)0000
Earnings per Common Share - Basic (in dollars per share)0.302.462.983.87
Earnings per common share attributable to Cliffs shareholders - diluted    
Continuing operations (in dollars per share)0.292.332.953.69
Discontinued operations (in dollars per share)0000
Earnings per Common Share - Diluted (in dollars per share)$ 0.29$ 2.33$ 2.95$ 3.69

CLF Balance Sheet

2022-09-30
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 56$ 48
Accounts receivable, net2,3012,154
Inventories5,5425,188
Other current assets426263
Total current assets8,3257,653
Non-current assets:  
Property, plant and equipment, net9,0309,186
Goodwill1,1411,116
Pension and OPEB, asset390224
Other non-current assets802796
TOTAL ASSETS19,68818,975
Current liabilities:  
Accounts payable2,3612,073
Accrued employment costs479585
Other current liabilities740903
Total current liabilities3,5803,561
Non-current liabilities:  
Long-term debt4,4755,238
Pension liability, non-current464578
OPEB liability, non-current2,2872,383
Other non-current liabilities1,6141,441
TOTAL LIABILITIES12,42013,201
Commitments and contingencies (See Note 18)
SHAREHOLDERS' EQUITY  
Common shares - par value $0.125 per share, Authorized - 1,200,000,000 shares (2021 - 1,200,000,000 shares); Issued - 531,051,530 shares (2021 -506,832,537 shares); Outstanding - 517,293,151 shares (2021 - 500,158,955 shares)6663
Capital in excess of par value of shares4,8644,892
Retained earnings (deficit)1,548(1)
Cost of 15,753,810 common shares in treasury (2021 - 6,673,582 shares)(280)(82)
Accumulated other comprehensive income810618
Total Cliffs shareholders' equity7,0085,490
Noncontrolling interest260284
TOTAL EQUITY7,2685,774
TOTAL LIABILITIES AND EQUITY$ 19,688$ 18,975