cleveland-cliffs inc. - CLF

CLF

Close Chg Chg %
11.67 0.21 1.76%

Closed Market

11.88

+0.21 (1.76%)

Volume: 10.32M

Last Updated:

Nov 21, 2024, 4:00 PM EDT

Company Overview: cleveland-cliffs inc. - CLF

CLF Key Data

Open

$11.70

Day Range

11.44 - 12.00

52 Week Range

10.21 - 22.97

Market Cap

$5.76B

Shares Outstanding

493.94M

Public Float

483.39M

Beta

1.96

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$0.96

Yield

0.00%

Dividend

$0.06

EX-DIVIDEND DATE

Apr 2, 2020

SHORT INTEREST

N/A

AVERAGE VOLUME

14.51M

 

CLF Performance

1 Week
 
5.62%
 
1 Month
 
-10.79%
 
3 Months
 
-12.13%
 
1 Year
 
-30.51%
 
5 Years
 
46.85%
 

CLF Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 12
Full Ratings ➔

About cleveland-cliffs inc. - CLF

Cleveland-Cliffs, Inc. operates as a flat-rolled steel company, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallic and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

CLF At a Glance

Cleveland-Cliffs, Inc.
200 Public Square
Cleveland, Ohio 44114-2315
Phone 1-216-694-5700 Revenue 22.00B
Industry Steel Net Income 399.00M
Sector Non-Energy Minerals Employees 28,000
Fiscal Year-end 12 / 2024
View SEC Filings

CLF Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 26.153
Price to Sales Ratio 0.474
Price to Book Ratio 1.307
Price to Cash Flow Ratio 4.673
Enterprise Value to EBITDA 7.528
Enterprise Value to Sales 0.639
Total Debt to Enterprise Value 0.255

CLF Efficiency

Revenue/Employee 785,571.429
Income Per Employee 14,250.00
Receivables Turnover 11.954
Total Asset Turnover 1.212

CLF Liquidity

Current Ratio 1.892
Quick Ratio 0.62
Cash Ratio 0.056

CLF Profitability

Gross Margin 6.979
Operating Margin 4.069
Pretax Margin 2.714
Net Margin 1.814
Return on Assets 2.193
Return on Equity 5.077
Return on Total Capital 3.468
Return on Invested Capital 3.352

CLF Capital Structure

Total Debt to Total Equity 45.518
Total Debt to Total Capital 31.28
Total Debt to Total Assets 20.471
Long-Term Debt to Equity 44.377
Long-Term Debt to Total Capital 30.496
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Cleveland-cliffs Inc. - CLF

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
5.23B 20.44B 22.99B 22.00B
Sales Growth
+163.92% +290.75% +12.45% -4.32%
Cost of Goods Sold (COGS) incl D&A
4.87B 15.97B 20.73B 20.46B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
308.00M 904.00M 1.03B 973.00M
Depreciation
306.00M 894.00M 1.03B 965.00M
Amortization of Intangibles
2.00M 10.00M 8.00M 8.00M
COGS Growth
+244.76% +228.15% +29.78% -1.28%
Gross Income
365.00M 4.47B 2.26B 1.53B
Gross Income Growth
-36.04% +1,125.48% -49.43% -32.14%
Gross Profit Margin
+6.98% +21.88% +9.84% +6.98%
2020 2021 2022 2023 5-year trend
SG&A Expense
148.00M 261.00M 465.00M 577.00M
Research & Development
- - - -
-
Other SG&A
148.00M 261.00M 465.00M 577.00M
SGA Growth
+23.95% +76.35% +78.16% +24.09%
Other Operating Expense
60.00M 49.00M 81.00M 63.00M
Unusual Expense
169.00M 300.00M 108.00M 137.00M
EBIT after Unusual Expense
(12.00M) 3.86B 1.61B 758.00M
Non Operating Income/Expense
57.00M 277.00M 464.00M 128.00M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
238.00M 337.00M 276.00M 289.00M
Interest Expense Growth
+135.18% +41.60% -18.10% +4.71%
Gross Interest Expense
291.00M 343.00M 285.00M 301.00M
Interest Capitalized
53.00M 6.00M 9.00M 12.00M
Pretax Income
(193.00M) 3.80B 1.80B 597.00M
Pretax Income Growth
-161.84% +2,070.47% -52.77% -66.76%
Pretax Margin
-3.69% +18.60% +7.81% +2.71%
Income Tax
(111.00M) 773.00M 423.00M 148.00M
Income Tax - Current - Domestic
(2.00M) 69.00M 332.00M 30.00M
Income Tax - Current - Foreign
- (1.00M) 1.00M 4.00M
Income Tax - Deferred - Domestic
(106.00M) 714.00M 95.00M 104.00M
Income Tax - Deferred - Foreign
(2.00M) (10.00M) (5.00M) 10.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(82.00M) 3.03B 1.37B 449.00M
Minority Interest Expense
41.00M 45.00M 41.00M 51.00M
Net Income
(123.00M) 2.98B 1.33B 398.00M
Net Income Growth
-141.77% +2,526.83% -55.38% -70.12%
Net Margin Growth
-2.35% +14.60% +5.79% +1.81%
Extraordinaries & Discontinued Operations
1.00M 3.00M 3.00M 1.00M
Discontinued Operations
1.00M 3.00M 3.00M 1.00M
Net Income After Extraordinaries
(122.00M) 2.99B 1.33B 399.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
(122.00M) 2.99B 1.33B 399.00M
EPS (Basic)
-0.3219 6 2.5722 0.7824
EPS (Basic) Growth
-130.43% +1,963.93% -57.13% -69.58%
Basic Shares Outstanding
379.00M 498.00M 519.00M 510.00M
EPS (Diluted)
-0.3219 5.3548 2.5477 0.7808
EPS (Diluted) Growth
-131.28% +1,763.50% -52.42% -69.35%
Diluted Shares Outstanding
379.00M 558.00M 524.00M 511.00M
EBITDA
465.00M 5.07B 2.75B 1.87B
EBITDA Growth
-8.72% +989.68% -45.73% -32.07%
EBITDA Margin
+8.89% +24.78% +11.96% +8.49%

Snapshot

Average Recommendation HOLD Average Target Price 14.406
Number of Ratings 12 Current Quarters Estimate -0.431
FY Report Date 12 / 2024 Current Year's Estimate -0.636
Last Quarter’s Earnings -0.33 Median PE on CY Estimate N/A
Year Ago Earnings 1.07 Next Fiscal Year Estimate 0.162
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 10 6 11 11
Mean Estimate -0.43 -0.20 -0.64 0.16
High Estimates -0.14 0.13 0.50 0.80
Low Estimate -0.70 -0.34 -1.35 -0.25
Coefficient of Variance -43.50 -82.61 -89.35 244.74

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 4 3 3
OVERWEIGHT 1 1 2
HOLD 5 5 6
UNDERWEIGHT 0 0 0
SELL 2 2 3
MEAN Hold Hold Hold

Insider Actions for Cleveland-cliffs Inc. - CLF

Date Name Shares Transaction Value
Jul 4, 2024 Ron A. Bloom Director 62,499 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $15.39 per share 961,859.61
Jul 4, 2024 Gabriel Stoliar Director 259,893 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $15.39 per share 3,999,753.27
Jul 4, 2024 Gabriel Stoliar Director 260,283 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $15.39 per share 4,005,755.37
Jun 14, 2024 Ralph S. Michael Director 199,519 Open market or private purchase of non-derivative security Non-derivative transaction at $14.74 per share 2,940,910.06
Jun 14, 2024 Douglas Craig Taylor Director 100,536 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $14.87 per share 1,494,970.32
Jun 13, 2024 Ben Oren Director 14,167 Open market or private purchase of non-derivative security Non-derivative transaction at $14.99 per share 212,363.33
Jun 13, 2024 John T. Baldwin Director 121,227 Open market or private purchase of non-derivative security Non-derivative transaction at $14.7 per share 1,782,036.90
Jun 12, 2024 Celso L. Goncalves EVP, CFO 314,362 Open market or private purchase of non-derivative security Non-derivative transaction at $14.98 per share 4,709,142.76
May 2, 2024 C. Lourenço Gonçalves Chairman, President & CEO; Director 2,759,089 Open market or private purchase of non-derivative security Non-derivative transaction at $16.76 per share 46,242,331.64
Apr 29, 2024 Arlene M. Yocum Director 102,566 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 29, 2024 Susan M. Green Director 97,965 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 29, 2024 Janet L. Miller Director 101,795 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2024 Clifford T. Smith EVP & President, CC Steel N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Mar 11, 2024 Terry G. Fedor EVP, Operations 562,047 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $7.7 per share 4,327,761.90
Mar 11, 2024 Terry G. Fedor EVP, Operations N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Mar 11, 2024 James D. Graham EVP Chief Legal Admin & Sec 558,257 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $7.7 per share 4,298,578.90
Mar 11, 2024 James D. Graham EVP Chief Legal Admin & Sec 534,103 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $20.19 per share 10,783,539.57
Mar 11, 2024 Clifford T. Smith EVP & President, CC Steel 770,109 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $20.19 per share 15,548,500.71
Mar 11, 2024 Clifford T. Smith EVP & President, CC Steel 797,539 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $7.7 per share 6,141,050.30
Mar 11, 2024 C. Lourenço Gonçalves Chairman, President & CEO; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Cleveland-Cliffs Inc. in the News