Cleveland-Cliffs Inc Stock Research

Market Summary

USD15.05+0.98

Market Closed

6.97%

CLF Alerts

5 major insider buys recently.
Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCCO	61.8B	10.1B	-6.81%	12.98%	23.34	6.15	-9.74%	-22.37%
FCX	60.3B	21.6B	2.37%	-9.88%	13.46	2.65	-12.33%	-16.51%
NUE	38.3B	39.7B	-3.35%	7.84%	5.03	0.92	-0.58%	-16.70%
NEM	33.4B	11.6B	-11.37%	-38.81%	-63.54	2.89	-6.48%	-149.86%
STLD	16.9B	22.3B	-4.26%	15.56%	4.36	0.76	20.92%	19.49%
MID-CAP
CLF	7.8B	22.3B	0.27%	-36.01%	14.91	0.35	37.87%	-86.51%
CMC	5.3B	9.2B	1.81%	13.25%	5.12	0.58	16.55%	15.99%
ATI	5.0B	4.0B	2.05%	38.50%	29.31	1.23	37.35%	28250.00%
X	4.9B	20.3B	1.16%	-12.34%	1.42	0.22	-7.07%	-62.92%
WOR	2.9B	5.2B	3.40%	24.99%	13.79	0.56	10.80%	-50.22%
CRS	2.4B	2.4B	-6.00%	37.40%	116.03	1.01	39.05%	118.84%
SMALL-CAP
CDE	1.0B	784.5M	-9.36%	-27.23%	-9.3	1.31	-4.22%	-329.47%
TMST	802.0M	1.3B	12.00%	-23.89%	3.67	0.55	-4.40%	-78.62%
THM	91.9M	551.2K	-14.36%	-35.52%	-30.22	166.8	-10.00%	49.14%
PZG	13.7M	283.1K	-10.77%	-46.79%	-2.12	48.54	2019.51%	12.40%

Financials for Cleveland-Cliffs

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-2.9%	22,329	22,989	23,927	24,395	22,672
S&GA Expenses	1.1%	470	465	446	438	436
EBITDA	-29.8%	3,079	4,384	5,841	6,057	-
EBITDA Margin	-26.9%	0.13*	0.18*	0.24*	0.27*	-
Earnings Before Taxes	-61.6%	690	1,796	3,094	4,534	4,787
EBT Margin	-39.6%	0.08*	0.13*	0.19*	0.21*	-
Interest Expenses	5.6%	263	249	269	284	289
Net Income	-62.2%	520	1,376	2,107	3,596	3,855
Net Income Margin	-32.0%	0.06*	0.09*	0.15*	0.17*	-
Free Cahsflow	-30.3%	1,480	2,123	3,176	2,892	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.5%	18,652	18,755	19,688	20,039	19,768
Current Assets	0.3%	7,444	7,422	8,325	8,768	8,559
Cash Equivalents	126.9%	59.00	26.00	56.00	47.00	35.00
Inventory	-4.0%	4,923	5,130	5,542	5,784	5,562
Net PPE	-1.3%	8,950	9,070	9,030	9,047	9,012
Goodwill	0%	1,130	1,130	1,141	1,149	1,127
Liabilities	1.4%	10,859	10,713	12,420	13,045	13,160
Current Liabilities	-2.5%	3,460	3,549	3,580	3,987	3,751
Long Term Debt	-4.1%	4,475	4,668	5,028	-	-
LT Debt, Non Current	7.3%	4,559	4,249	4,475	4,668	5,028
Shareholder's Equity	-3.1%	7,546	7,791	7,008	6,994	6,608
Retained Earnings	-4.3%	1,277	1,334	1,548	1,396	800
Additional Paid-In Capital	-0.8%	4,832	4,871	4,864	4,855	4,848
Shares Outstanding	0.3%	515	513	515	517	525
Minority Interest	-1.6%	247	251	260	265	269

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-23.6%	1,851	2,423	3,071	4,051	3,697
Cashflow From Investing	5.3%	-886	-936	-1,692	-1,604	-1,479
Cashflow From Financing	37.6%	-941	-1,509	-1,365	-2,473	-2,293
Buy Backs	-7.9%	221	240	210	176	19.00

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 ascending	Fund Name	Type	% 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	-%

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

Schedule 13G FIlings of Cleveland-Cliffs

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-

About Cleveland-Cliffs

C. LourenÃƒÂ§o GonÃƒÂ§alves

www.cliffsnaturalresources.com

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 debt	0	(14)
Net periodic benefit credits other than service cost component	50	49
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 tax	1	1
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)	0	0
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)	0	0
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, net	2,216	1,960
Inventories	4,923	5,130
Other current assets	246	306
Total current assets	7,444	7,422
Non-current assets:
Property, plant and equipment, net	8,950	9,070
Goodwill	1,130	1,130
Pension and OPEB, asset	370	356
Other non-current assets	758	777
TOTAL ASSETS	18,652	18,755
Current liabilities:
Accounts payable	2,173	2,186
Accrued employment costs	388	429
Accrued expenses	271	383
Other current liabilities	628	551
Total current liabilities	3,460	3,549
Non-current liabilities:
Long-term debt	4,559	4,249
Pension liability, non-current	465	473
OPEB liability, non-current	572	585
Deferred income taxes	527	590
Other non-current liabilities	1,276	1,267
TOTAL LIABILITIES	10,859	10,713
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)	66	66
Capital in excess of par value of shares	4,832	4,871
Retained earnings	1,277	1,334
Cost of 15,998,785 common shares in treasury (2022 - 17,710,751 shares)	(280)	(310)
Accumulated other comprehensive income	1,651	1,830
Total Cliffs shareholders' equity	7,546	7,791
Noncontrolling interest	247	251
TOTAL EQUITY	7,793	8,042
TOTAL LIABILITIES AND EQUITY	$ 18,652	$ 18,755