Market Summary
USD21.62+0.34
Market Closed1.60%
CLF Stock Price
CLF RSI Chart
CLF Valuation
CLF Price/Sales (Trailing)
CLF Profitability
CLF Fundamentals
CLF Revenue
CLF Earnings
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
CLF Investor Care
Peers (Alternatives to Cleveland-Cliffs)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FCX | 64.1B | 23.2B | 18.32% | 22.51% | 13.2 | 2.77 | 9.49% | -0.10% |
SCCO | 57.7B | 10.1B | 22.14% | 24.20% | 22.35 | 5.74 | -3.92% | -18.56% |
NUE | 43.2B | 43.2B | 24.83% | 73.87% | 5.03 | 1 | 37.52% | 72.87% |
NEM | 42.3B | 12.1B | 12.56% | -10.75% | 42.25 | 3.5 | -0.88% | -50.79% |
STLD | 21.0B | 22.7B | 19.47% | 120.87% | 4.84 | 0.92 | 44.88% | 84.67% |
CLF | 11.1B | 23.9B | 33.05% | 33.37% | 5.29 | 0.47 | 37.87% | -4.59% |
| MID-CAP | ||||||||
CMC | 6.4B | 8.9B | 13.53% | 66.35% | 5.3 | 0.72 | 32.45% | 194.83% |
X | 4.9B | 22.3B | 15.83% | 56.47% | 1.42 | 0.22 | 29.82% | 8.40% |
ATI | 4.7B | 3.6B | 18.49% | 94.31% | 193.59 | 1.3 | 33.36% | 102.14% |
WOR | 2.7B | 4.4B | 15.63% | 5.06% | 8.61 | 0.61 | 24.05% | 28.03% |
CRS | 2.4B | 2.2B | 34.52% | 76.31% | -425.65 | 1.11 | 38.38% | 96.05% |
| SMALL-CAP | ||||||||
CDE | 1.1B | 816.5M | 14.12% | -12.20% | -8.06 | 1.31 | -8.17% | -1488.99% |
TMST | 802.0M | 1.4B | 13.09% | 39.29% | 3.67 | 0.55 | 23.10% | 53.71% |
THM | 121.6M | 557.5K | 56.85% | -15.10% | -37.69 | 218.03 | -5.30% | 53.67% |
PZG | 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/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q3 | 2021Q2 |
| Revenue | -1.9% | 23,927 | 24,395 | 22,672 | 17,354 | 12,996 |
| S&GA Expenses | 1.8% | 446 | 438 | 436 | 424 | - |
| EBITDA | -24.9% | 4,384 | 5,841 | 6,057 | - | - |
| EBITDA Margin | -23.5% | 0.18* | 0.24* | 0.27* | - | - |
| Earnings Before Taxes | -31.8% | 3,094 | 4,534 | 4,787 | 2,751 | - |
| EBT Margin | -30.4% | 0.13* | 0.19* | 0.21* | - | - |
| Interest Expenses | -5.3% | 269 | 284 | 289 | 284 | - |
| Net Income | -41.4% | 2,107 | 3,596 | 3,855 | 2,208 | 928 |
| Net Income Margin | -40.3% | 0.09* | 0.15* | 0.17* | - | - |
| Free Cahsflow | -33.2% | 2,123 | 3,176 | 2,892 | - | - |
* denotes actual numbers (not divided by Millions)
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Assets | -1.8% | 19,688 | 20,039 | 19,768 | 18,975 | 18,066 |
| Current Assets | -5.1% | 8,325 | 8,768 | 8,559 | 7,653 | 7,146 |
| Cash Equivalents | 19.1% | 56 | 47 | 35 | 48 | 42 |
| Inventory | -4.2% | 5,542 | 5,784 | 5,562 | 5,188 | 4,505 |
| Net PPE | -0.2% | 9,030 | 9,047 | 9,012 | 9,186 | 8,974 |
| Goodwill | -0.7% | 1,141 | 1,149 | 1,127 | 1,116 | 1,072 |
| Liabilities | -4.8% | 12,420 | 13,045 | 13,160 | 13,201 | 13,776 |
| Current Liabilities | -10.2% | 3,580 | 3,987 | 3,751 | 3,561 | 3,279 |
| Long Term Debt | -4.1% | 4,475 | 4,668 | 5,028 | 5,238 | - |
| LT Debt, Non Current | -4.1% | 4,475 | 4,668 | 5,028 | 5,238 | 5,350 |
| Shareholder's Equity | 0.2% | 7,008 | 6,994 | 6,608 | 5,490 | 4,290 |
| Retained Earnings | 10.9% | 1,548 | 1,396 | 800 | -1.00 | -894.00 |
| Additional Paid-In Capital | 0.2% | 4,864 | 4,855 | 4,848 | 4,892 | 4,887 |
| Accumulated Depreciation | - | 2,340 | - | - | - | - |
| Shares Outstanding | -0.4% | 515 | 517 | 525 | 500 | 500 |
| Minority Interest | -1.9% | 260 | 265 | 269 | 284 | 294 |
* denotes actual numbers (not divided by Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Cashflow From Operations | -24.2% | 3,071 | 4,051 | 3,697 | 2,785 | 1,441 |
| Cashflow From Investing | -5.5% | -1,692.00 | -1,604.00 | -1,479.00 | -1,379.00 | -1,216.00 |
| Cashflow From Financing | 44.8% | -1,365.00 | -2,473.00 | -2,293.00 | -1,470.00 | -239.00 |
| Buy Backs | 19.3% | 210 | 176 | 19 | 0 | 0 |
* 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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Cleveland-Cliffs News
Schedule 13G FIlings of Cleveland-Cliffs
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-09-30Statements Of Unaudited Condensed Consolidated Operations - USD ($) $ in Millions | 3 Months Ended | 9 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 income | 187 | 1,649 | 2,121 | 2,893 |
| Other income (expense): | ||||
| Interest expense, net | (64) | (81) | (205) | (258) |
| Gain (loss) on extinguishment of debt | 4 | 0 | (76) | (88) |
| Net periodic benefit credits other than service cost component | 49 | 46 | 148 | 139 |
| Other non-operating income (expense) | (1) | 1 | (6) | 5 |
| Total other expense | (12) | (34) | (139) | (202) |
| Income from continuing operations before income taxes | 175 | 1,615 | 1,982 | 2,691 |
| Income tax expense | (10) | (334) | (404) | (559) |
| Income from continuing operations | 165 | 1,281 | 1,578 | 2,132 |
| Income from discontinued operations, net of tax | 0 | 1 | 2 | 2 |
| Net income | 165 | 1,282 | 1,580 | 2,134 |
| 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) | 0 | 0 | 0 | 0 |
| Earnings per Common Share - Basic (in dollars per share) | 0.30 | 2.46 | 2.98 | 3.87 |
| Earnings per common share attributable to Cliffs shareholders - diluted | ||||
| Continuing operations (in dollars per share) | 0.29 | 2.33 | 2.95 | 3.69 |
| Discontinued operations (in dollars per share) | 0 | 0 | 0 | 0 |
| Earnings per Common Share - Diluted (in dollars per share) | $ 0.29 | $ 2.33 | $ 2.95 | $ 3.69 |
CLF Balance Sheet
2022-09-30Statements 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, net | 2,301 | 2,154 |
| Inventories | 5,542 | 5,188 |
| Other current assets | 426 | 263 |
| Total current assets | 8,325 | 7,653 |
| Non-current assets: | ||
| Property, plant and equipment, net | 9,030 | 9,186 |
| Goodwill | 1,141 | 1,116 |
| Pension and OPEB, asset | 390 | 224 |
| Other non-current assets | 802 | 796 |
| TOTAL ASSETS | 19,688 | 18,975 |
| Current liabilities: | ||
| Accounts payable | 2,361 | 2,073 |
| Accrued employment costs | 479 | 585 |
| Other current liabilities | 740 | 903 |
| Total current liabilities | 3,580 | 3,561 |
| Non-current liabilities: | ||
| Long-term debt | 4,475 | 5,238 |
| Pension liability, non-current | 464 | 578 |
| OPEB liability, non-current | 2,287 | 2,383 |
| Other non-current liabilities | 1,614 | 1,441 |
| TOTAL LIABILITIES | 12,420 | 13,201 |
| 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) | 66 | 63 |
| Capital in excess of par value of shares | 4,864 | 4,892 |
| 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 income | 810 | 618 |
| Total Cliffs shareholders' equity | 7,008 | 5,490 |
| Noncontrolling interest | 260 | 284 |
| TOTAL EQUITY | 7,268 | 5,774 |
| TOTAL LIABILITIES AND EQUITY | $ 19,688 | $ 18,975 |