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General information

Country: UNITED STATES

Sector: Steel

Cleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics. The company operates three iron ore mines, including the Tilden mine in Michigan; and the Northshore and United Taconite mines in Minnesota, as well as holds 23% stake in the Hibbing mine in Minnesota. It produces various grades of iron ore pellets, including standard, fluxed, and DR-grade for blast furnace steel producers; and flat-rolled carbon, stainless, and electrical steel products primarily for the automotive, infrastructure, and manufacturing markets. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

Current market environment: negative. Prices of production are 4.4% lower compared to the last 12 months (LTM)
Prices of production are at 5.4% percentile over the past 5 years, adjusted for inflation (are close to minimun)
Dividend yield for the last twelve months 0.0%
Free cash flow yield 9.8% (LTM), projected 0.2%
Share price is 48.9% higher than minimum and 46.6% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (7.9x vs
)
The company is overvalued by EV / projected EBITDA multiple compared to target level (
vs
)
For the last 3 months insiders sold company shares on $4.0 mln (-0.035% of cap.)

Key Financials (Download financials)

Ticker: CLF

Share price, USD: (-0.7%)17.67

year average price 17.56

year start price 14.93 2023-05-19

min close price 13.88 2023-05-31

max close price 22.83 2024-04-03

current price 17.67 2024-05-17

Common stocks: 499 401 984

Dividend Yield: 0.0%

FCF Yield LTM / expected: 9.8% / 0.2%

EV / LTM EBITDA: 7.9x

EV / EBITDA annualized: 15.3x

Production prices change from LTM: -4.4%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap ($m): 8 824

Net Debt ($m): 3 634

EV (Enterprise Value): 12 458

EBITDA LTM ($m): 1 584

EV / LTM EBITDA: 7.9x

Price to Book: 1.3x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics

News

2024-05-14Zacks Investment Research

Cleveland-Cliffs Inc. (CLF) is Attracting Investor Attention: Here is What You Should Know

2024-05-02Zacks Investment Research

Cleveland-Cliffs Inc. (CLF) is Attracting Investor Attention: Here is What You Should Know

2024-04-26Benzinga

Top 4 Materials Stocks That May Explode In Q2 - Compass Minerals Intl (NYSE:CMP), Cleveland-Cliffs (NYSE:CLF)

2024-04-24Seeking Alpha

Cleveland-Cliffs Is A Long-Term Growth Strategy

2024-04-24Zacks Investment Research

Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1

2024-04-23CNBC Television

We have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEO

2024-04-23The Motley Fool

Why Cleveland-Cliffs Plunged on Tuesday

2024-04-23Barrons

Nucor, Cleveland-Cliffs Earnings Bloopers Weigh Down Steel Stocks

2024-04-22Zacks Investment Research

Cleveland-Cliffs (CLF) Q1 Earnings and Revenues Miss Estimates

2024-04-19InvestorPlace

3 Steel Stocks to Sell Now on Rising Input Costs and Interest Rate Fears

More information for subscribed users:
detailed calculation of Potential,
commodities and currency affecting the company

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.