Cleveland-Cliffs Inc

Company Profile

Cleveland-Cliffs Inc had its IPO on 1987-11-05 under the ticker symbol CLF.

The company operates in the Basic Materials sector and Steel industry. Cleveland-Cliffs Inc has a staff strength of 27,000 employees.

Stock update

Shares of Cleveland-Cliffs Inc opened at $14.01 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $13.98 - $14.42, and closed at $14.25.

This is a +1.14% increase from the previous day's closing price.

A total volume of 7,670,869 shares were traded at the close of the day’s session.

In the last one week, shares of Cleveland-Cliffs Inc have slipped by -8.12%.

Cleveland-Cliffs Inc's Key Ratios

Cleveland-Cliffs Inc has a market cap of $7.86 billion, indicating a price to book ratio of 1.1515 and a price to sales ratio of 0.3323.

In the last 12-months Cleveland-Cliffs Inc’s revenue was $22.33 billion with a gross profit of $2.52 billion and an EBITDA of $2.01 billion. The EBITDA ratio measures Cleveland-Cliffs Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Cleveland-Cliffs Inc’s operating margin was 4.62% while its return on assets stood at 3.35% with a return of equity of 7.18%.

In Q1, Cleveland-Cliffs Inc’s quarterly earnings growth was a negative -87.5% while revenue growth was a negative 11.1%.

Cleveland-Cliffs Inc’s PE and PEG Ratio

Forward PE

6.5189

Trailing PE

15.26

PEG

-0.22

Its diluted EPS in the last 12-months stands at $1 per share while it has a forward price to earnings multiple of 6.5189 and a PEG multiple of -0.22. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cleveland-Cliffs Inc’s profitability.

Cleveland-Cliffs Inc stock is trading at a EV to sales ratio of 0.5362 and a EV to EBITDA ratio of 2.839. Its price to sales ratio in the trailing 12-months stood at 0.3323.

Cleveland-Cliffs Inc stock pays annual dividends of $0 per share, indicating a yield of 3.45% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$18.65 billion

Total Liabilities

$3.46 billion

Operating Cash Flow

$-185000000.00

Capital Expenditure

$188 million

Dividend Payout Ratio

0%

Cleveland-Cliffs Inc ended 2024 with $18.65 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $18.65 billion while shareholder equity stood at $7.79 billion.

Cleveland-Cliffs Inc ended 2024 with $527.00 million in deferred long-term liabilities, $3.46 billion in other current liabilities, -280000000.00 in common stock, $1.28 billion in retained earnings and $1.13 billion in goodwill. Its cash balance stood at $59.00 million and cash and short-term investments were $59.00 million. The company’s total short-term debt was $0 while long-term debt stood at $4.56 billion.

Cleveland-Cliffs Inc’s total current assets stands at $7.44 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $2.22 billion compared to accounts payable of $2.17 billion and inventory worth $4.92 billion.

In 2024, Cleveland-Cliffs Inc's operating cash flow was $-185000000.00 while its capital expenditure stood at $188 million.

Comparatively, Cleveland-Cliffs Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$14.25

52-Week High

$23.76

52-Week Low

$11.825

Analyst Target Price

$21.27

Cleveland-Cliffs Inc stock is currently trading at $14.25 per share. It touched a 52-week high of $23.76 and a 52-week low of $23.76. Analysts tracking the stock have a 12-month average target price of $21.27.

Its 50-day moving average was $15.87 and 200-day moving average was $17.08 The short ratio stood at 3.86 indicating a short percent outstanding of 0%.

Around 155.5% of the company’s stock are held by insiders while 6769.7% are held by institutions.