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CLF

CLF - Cleveland-Cliffs Inc Stock Price, Fair Value and News

22.68USD+0.55 (+2.49%)Delayed as of 28 Mar 2024, 03:00 pm ET

Market Summary

CLF
USD22.68+0.55
Delayedas of 28 Mar 2024, 03:00 pm
2.49%

CLF Alerts

  • 1 major insider buys and 5 major insider sales recently.
  • Losses in recent quarter

CLF Stock Price

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CLF RSI Chart

CLF Valuation

Market Cap

11.0B

Price/Earnings (Trailing)

24.52

Price/Sales (Trailing)

0.5

EV/EBITDA

7.65

Price/Free Cashflow

6.81

CLF Price/Sales (Trailing)

CLF Profitability

EBT Margin

2.71%

Return on Equity

5.71%

Return on Assets

2.57%

Free Cashflow Yield

14.69%

CLF Fundamentals

CLF Revenue

Revenue (TTM)

22.0B

Rev. Growth (Yr)

1.35%

Rev. Growth (Qtr)

-8.8%

CLF Earnings

Earnings (TTM)

450.0M

Earnings Growth (Yr)

31.86%

Earnings Growth (Qtr)

-150.55%

Breaking Down CLF Revenue

52 Week Range

13.6122.69
(Low)(High)

Last 7 days

7.6%

Last 30 days

7.0%

Last 90 days

2.5%

Trailing 12 Months

2.0%

How does CLF drawdown profile look like?

CLF Financial Health

Current Ratio

1.89

Debt/Equity

0.4

Debt/Cashflow

0.72

CLF Investor Care

Dividend Yield

0.3%

Dividend/Share (TTM)

0.06

Buy Backs (1Y)

3.20%

Diluted EPS (TTM)

0.78

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202322.3B22.0B21.9B22.0B
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
20126.8B6.5B6.0B5.9B
20115.1B5.8B6.5B6.7B
20102.6B3.4B4.1B4.7B
20093.6B3.0B2.4B2.3B
200802.7B3.2B3.6B
20070002.3B

Tracking the Latest Insider Buys and Sells of Cleveland-Cliffs Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 13, 2024
green susan miranda
sold
-132,601
20.4001
-6,500
-
Mar 06, 2024
goncalves lourenco
sold
-3,778,280
20.19
-187,136
chairman, president & ceo
Mar 06, 2024
graham james d
sold
-487,669
20.19
-24,154
evp chief legal admin & sec
Mar 06, 2024
graham james d
acquired
185,986
7.7
24,154
evp chief legal admin & sec
Mar 06, 2024
fedor terry g.
sold
-553,812
20.19
-27,430
evp, operations
Mar 06, 2024
yocum arlene m
bought
40,050
20.025
2,000
-
Mar 06, 2024
smith clifford t
acquired
211,211
7.7
27,430
evp & president, cc steel
Mar 06, 2024
fedor terry g.
acquired
211,211
7.7
27,430
evp, operations
Mar 06, 2024
smith clifford t
sold
-553,812
20.19
-27,430
evp & president, cc steel
Mar 06, 2024
goncalves lourenco
acquired
1,440,950
7.7
187,136
chairman, president & ceo

1–10 of 50

Which funds bought or sold CLF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-3.17
1,174,730
5,605,940
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
new
-
2,285,550
2,285,550
0.01%
Mar 15, 2024
B. Riley Wealth Advisors, Inc.
reduced
-15.49
353,562
3,749,340
0.10%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-0.54
235,619,000
1,022,450,000
0.02%
Mar 05, 2024
Fisher Asset Management, LLC
reduced
-16.1
11,634,300
132,665,000
0.07%
Mar 05, 2024
True Vision MN LLC
new
-
495,818
495,818
0.40%
Mar 04, 2024
Fortis Group Advisors, LLC
unchanged
-
-
406,916
0.10%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
304
31,424,500
38,751,400
-%
Mar 01, 2024
Creekmur Asset Management LLC
new
-
44,985
44,985
0.01%
Mar 01, 2024
Pineridge Advisors LLC
new
-
56,849
56,849
0.02%

1–10 of 41

Are Funds Buying or Selling CLF?

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

Unveiling Cleveland-Cliffs Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 11, 2024
vanguard group inc
10.11%
50,366,031
SC 13G/A
Mar 07, 2024
blackrock inc.
10.0%
49,982,602
SC 13G/A
Feb 13, 2024
vanguard group inc
9.92%
50,071,058
SC 13G/A
Jan 24, 2024
blackrock inc.
9.6%
48,512,150
SC 13G/A
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

Recent SEC filings of Cleveland-Cliffs Inc

View All Filings
Date Filed Form Type Document
Mar 18, 2024
8-K
Current Report
Mar 15, 2024
4
Insider Trading
Mar 12, 2024
144
Notice of Insider Sale Intent
Mar 11, 2024
SC 13G/A
Major Ownership Report
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
SC 13G/A
Major Ownership Report

What is the Fair Value of CLF?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Cleveland-Cliffs Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.7B
9.9B
24.70% 42.34%
33.13
8.15
-1.51% -8.06%
65.8B
22.9B
16.15% 24.48%
17.55
2.88
0.33% -16.25%
47.8B
34.7B
4.77% 18.63%
10.56
1.38
-16.38% -40.52%
40.7B
11.8B
1.02% -19.64%
-16.3
3.44
-0.86% -481.35%
19.4B
14.8B
1.23% 28.45%
14.45
1.31
-13.03% -27.33%
11.0B
22.0B
7.00% 2.01%
24.52
0.5
-4.32% -67.30%
MID-CAP
6.7B
8.4B
5.16% 12.57%
9.87
0.8
-8.32% -10.17%
6.0B
10.6B
14.60% -19.80%
-9.02
0.57
-15.26% -3472.97%
2.9B
1.7B
-2.53% 21.03%
29.99
1.72
-5.23% 11.29%
2.8B
720.2M
17.17% -24.12%
-33.4
3.91
0.18% -125.49%
SMALL-CAP
1.4B
821.2M
26.62% 14.39%
-13.31
1.68
4.53% -32.65%
1.4B
2.2B
24.13% 52.66%
-31.79
0.63
-21.31% -205.67%
640.7M
1.2B
-22.65% -46.80%
-10.96
0.54
-5.61% -206.82%
4.1M
12.0M
-44.23% -94.26%
-0.44
0.34
-48.46% 6.84%
966.8K
24.0M
25.00% -95.76%
-0.26
0.04
1023.39% -191.99%

Cleveland-Cliffs Inc News

Latest updates
Zacks Investment Research7 hours ago
TradingView25 Mar 202412:48 pm
InvestorsObserver25 Mar 202410:33 am

Cleveland-Cliffs Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-8.8%5,1125,6055,9845,2955,0445,6536,3375,9555,3466,0045,0454,0492,2561,6461,093359534556743157696
Gross Profit-----------------12715526331.00202
Costs and Expenses-1.3%5,2125,2805,5015,3265,2265,4665,4974,8614,2274,3553,9783,8722,1491,6081,301438453434516158-
Operating Expenses-----------------45.0033.0036.0032.0039.00
  S&GA Expenses9.0%15714414912711212410712293.0011610510895.0059.0062.0028.0031.0026.0029.0027.0033.00
EBITDA Margin3.8%0.08*0.08*0.07*0.09*0.13*0.19*0.25*0.27*0.24*0.22*0.15*0.08*---------
Interest Expenses-10.0%54.0060.0063.0079.0048.0068.0068.0065.0068.0083.0073.0075.0053.0050.0037.0030.0026.0039.00-26.1039.00199
Income Taxes3.4%30.0029.00102-13.0019.0010.001572372143342169.00-13.00-22.00-25.00-51.00-5.105.0022.00-3.70-489
Earnings Before Taxes-135.6%-108303458-56.00-1861757571,0501,1121,6151,01066.0060.00-20.00-132-10159.0097.00183-25.80135
EBT Margin14.7%0.03*0.02*0.02*0.03*0.08*0.13*0.19*0.21*0.19*0.16*0.09*0.00*---------
Net Income-150.5%-139275356-42.00-2041656018148991,28279557.0074.002.00-108-49.0063.0091.00161-22.10610
Net Income Margin16.5%0.02*0.02*0.01*0.02*0.06*0.11*0.15*0.17*0.15*0.13*0.07*0.00*---------
Free Cashflow-19.5%487605756-2272622886332979051,341349-515---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-2.9%17,53718,05918,30318,65218,75519,68820,03919,76818,97518,06617,74617,21516,7718,4818,4918,9123,5043,4913,3933,3063,530
  Current Assets-4.4%6,6366,9417,1657,4447,4228,3258,7688,5597,6537,1466,5745,8615,2982,6292,6423,0668981,0651,1191,1261,480
    Cash Equivalents538.7%19831.0034.0059.0026.0056.0047.0035.0048.0042.0073.0011011256.0074.00187353399377430823
  Inventory-2.9%4,4604,5924,7274,9235,1305,5425,7845,5625,1884,5054,2803,9323,8281,7951,9342,149317-219313181
  Net PPE0.7%8,8958,8378,8788,9509,0709,0309,0479,0129,1868,9748,9829,0148,7434,5514,5484,5501,9291,7701,5971,4101,286
  Goodwill-11.1%1,0051,1301,1301,1301,1301,1411,1491,1271,1161,0721,0701741,4061441391412.00----
Liabilities-3.9%9,4159,79510,25910,85910,71312,42013,04513,16013,20113,77613,46713,75813,6927,3577,3737,6813,1463,1313,1083,0453,105
  Current Liabilities6.5%3,5083,2943,4083,4603,5493,5803,9873,7513,5613,2792,9862,9332,9291,2141,0381,371409459437394468
  Long Term Debt-9.3%3,1373,4583,9634,5594,2494,4754,6685,0285,2385,3505,3685,7345,3904,3104,4524,3572,1142,1092,1052,0872,093
    LT Debt, Non Current-9.3%3,1373,4583,9634,5594,2494,4754,6685,0285,2385,3505,3685,7345,3904,3104,4524,3572,1142,1092,1052,0872,093
Shareholder's Equity-1.7%7,8878,0208,0447,7937,7917,2686,9946,6085,7744,2903,5412,7192,3411,1241,1181,231358360286262424
  Retained Earnings-8.2%1,7331,8881,6241,2771,3341,5481,396800-1.00-894-2,168-2,948-2,989-3,052-3,042-2,918-2,842-2,889-2,952-3,096-3,060
  Additional Paid-In Capital0.2%4,8614,8504,8414,8324,8714,8644,8554,8484,8924,8875,4915,4875,4314,4464,4444,4503,8733,8683,8643,8603,917
Shares Outstanding0.0%505505509515513515517525500500500499---------
Minority Interest-3.7%235244242247251260265269284294308330323313325328-----
Float---8,391---7,844---10,636---2,171---2,840--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-15.0%652767887-39.004895368655331,1371,516511-379-207247-134-164180237262-111290
Cashflow From Investing24.4%-121-160-125-185-209-260-232-235-965-172-107-135-802-88.00-145-1,007-194-157-166-125-99.30
Cashflow From Financing40.3%-364-610-787257-310-267-621-311-166-1,375-4415121,065-1771661,005-27.10-59.00-150-157-268
  Dividend Payments-------------0.00-24.0017.0027.0016.0014.0015.00-
  Buy Backs-101.7%-1.0059.0095.00-30.0034.0015719.00--------0.00-12912448.00

CLF Income Statement

2023-12-31
Statements Of Consolidated Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]   
Revenues$ 21,996$ 22,989$ 20,444
Operating costs:   
Cost of goods sold(20,605)(20,471)(15,910)
Selling, general and administrative expenses(577)(465)(422)
Acquisition-related costs(12)(4)(20)
Goodwill impairment(125)00
Miscellaneous – net0(110)(80)
Total operating costs(21,319)(21,050)(16,432)
Operating income6771,9394,012
Other income (expense):   
Interest expense, net(289)(276)(337)
Loss on extinguishment of debt0(75)(88)
Net periodic benefit credits other than service cost component204212210
Other non-operating income (loss)5(4)6
Total other expense(80)(143)(209)
Income from continuing operations before income taxes5971,7963,803
Income tax expense(148)(423)(773)
Income from continuing operations4491,3733,030
Income from discontinued operations, net of tax133
Net income4501,3763,033
Net income attributable to noncontrolling interests(51)(41)(45)
Net income attributable to Cliffs shareholders$ 399$ 1,335$ 2,988
Earnings per common share attributable to Cliffs shareholders - basic   
Continuing operations (in dollars per share)$ 0.78$ 2.57$ 5.62
Discontinued operations (in dollars per share)000.01
Earnings (loss) per common share attributable to Cliffs common shareholders - basic (in dollars per share)0.782.575.63
Earnings per common share attributable to Cliffs shareholders - diluted   
Continuing operations (in dollars per share)0.782.555.35
Discontinued operations (in dollars per share)000.01
Earnings (loss) per common share attributable to Cliffs common shareholders - diluted (in dollars per share)$ 0.78$ 2.55$ 5.36

CLF Balance Sheet

2023-12-31
Statements of Consolidated Financial Position - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 198$ 26
Accounts receivable, net1,8401,960
Inventories4,4605,130
Other current assets138306
Total current assets6,6367,422
Non-current assets:  
Property, plant and equipment, net8,8959,070
Goodwill1,0051,130
Pension and OPEB assets329356
Other non-current assets672777
TOTAL ASSETS17,53718,755
Current liabilities:  
Accounts payable2,0992,186
Accrued employment costs511429
Accrued expenses380383
Other current liabilities518551
Total current liabilities3,5083,549
Non-current liabilities:  
Long-term debt3,1374,249
Pension and OPEB liabilities8211,058
Deferred income taxes639590
Other non-current liabilities1,3101,267
TOTAL LIABILITIES9,41510,713
Commitments and contingencies (See NOTE 20)
Equity:  
Common Shares - par value $0.125 per share6666
Capital in excess of par value of shares4,8614,871
Retained earnings1,7331,334
Cost of 26,164,757 common shares in treasury (2022 - 17,710,751 shares)(430)(310)
Accumulated other comprehensive income1,6571,830
Total Cliffs shareholders' equity7,8877,791
Noncontrolling interests235251
TOTAL EQUITY8,1228,042
TOTAL LIABILITIES AND EQUITY$ 17,537$ 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 Wed Mar 27 2024, market cap of Cleveland-Cliffs Inc is 11.03 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 for subscribers.

What is the fair value of CLF stock?

You can check CLF's fair value in chart for subscribers. 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 Wed Mar 27 2024, CLF's PE ratio (Price to Earnings) is 24.52 and Price to Sales (PS) ratio is 0.5. 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 0.016 (multiply by 100 for percentage) rate of return.