Cleveland-Cliffs Inc. (CLF)
Stock Price:
$8.67 USD
0.40 (4.84%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed
After-hours: $8.75 +0.08 (0.92%) Oct 23, 7:45 PM
Key Info
| Market Cap |
3.46B |
| Revenue (ttm) |
2.54B |
| Net Income (ttm) |
-21.90M |
| Shares Out |
399.20M |
| EPS (ttm) |
-0.07 |
| PE Ratio |
n/a |
| Forward PE |
22.37 |
| Dividend |
$0.24 |
| Dividend Yield |
2.77% |
Stock Quote
| Trading Day |
Oct 23, 2020 |
| Last Price |
$8.67 |
| Previous Close |
$8.27 |
| Change ($) |
0.40 |
| Change (%) |
4.84% |
| Day's Open |
8.50 |
| Day's Range |
8.15 - 9.04 |
| Day's Volume |
21,821,174 |
| 52-Week Range |
2.63 - 9.04 |
More Stats
| Market Cap |
3.46B |
| Enterprise Value |
8.03B |
| Earnings Date (est) |
Feb 11, 2021 |
| Ex-Dividend Date |
n/a |
| Shares Outstanding |
399.20M |
| Float |
389.90M |
| EPS (basic) |
0.09 |
| EPS (diluted) |
-0.07 |
| FCF / Share |
-1.32 |
| Dividend |
$0.24 |
| Dividend Yield |
2.77% |
| Earnings Yield |
n/a |
| FCF Yield |
n/a |
| Payout Ratio |
311.10% |
| Shares Short |
75.82M |
| Short Ratio |
6.80 |
| Short % of Float |
19.45% |
| Beta |
2.27 |
| PE Ratio |
n/a |
| Forward PE |
22.37 |
| P/FCF Ratio |
n/a |
| PS Ratio |
1.36 |
| PB Ratio |
4.16 |
| Revenue |
2.54B |
| Operating Income |
-41.70M |
| Net Income |
-21.90M |
| Free Cash Flow |
-525.80M |
| Net Cash |
-4.57B |
| Net Cash / Share |
-11.45 |
| Gross Margin |
22.65% |
| Operating Margin |
-1.64% |
| Profit Margin |
-0.90% |
| FCF Margin |
-20.69% |
| ROA |
1.82% |
| ROE |
-0.26% |
| ROIC |
0.60% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (8)
| Buy |
2 |
| Overweight |
0 |
| Hold |
6 |
| Underweight |
0 |
| Sell |
0 |
Analyst Consensus: Overweight
Price Target
$6.79*
(-21.68% downside)
Low
5.25
Current: $8.67
High
10.00
Target: 6.79
*Average 12-month price target from 7 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 1,990 | 2,332 | 1,866 | 1,555 | 2,013 | 3,373 | 3,891 | 5,873 | 6,564 | 4,484 |
| Revenue Growth | -14.68% | 24.99% | 20.04% | -22.79% | -40.31% | -13.3% | -33.75% | -10.53% | 46.39% | - |
| Gross Profit | 576 | 810 | 468 | 280 | 237 | 886 | 1,484 | 1,172 | 2,611 | 1,459 |
| Operating Income | 456 | 696 | 365 | 164 | 127 | 95.50 | 1,306 | -302 | 2,229 | 1,253 |
| Net Income | 293 | 1,128 | 367 | 174 | -749 | -7,224 | 414 | -899 | 1,619 | 1,020 |
| Shares Outstanding | 277 | 297 | 288 | 198 | 153 | 153 | 152 | 142 | 140 | 135 |
| Earnings Per Share | 1.03 | 3.71 | 1.26 | 0.87 | -5.13 | -47.52 | 2.37 | -6.32 | 11.48 | 7.49 |
| EPS Growth | -72.24% | 194.44% | 44.83% | - | - | - | - | - | 53.27% | - |
| Dividend Per Share | 0.26 | - | - | - | - | 0.60 | 0.60 | 2.16 | 0.84 | 0.51 |
| Dividend Growth | - | - | - | - | - | 0% | -72.16% | 156.55% | 65.35% | - |
| Operating Cash Flow | 563 | 479 | 338 | 303 | 37.90 | 359 | 1,146 | 515 | 2,289 | 1,320 |
| Capital Expenditures | -656 | -296 | -152 | -69.10 | -80.80 | -284 | -862 | -1,128 | -881 | -267 |
| Free Cash Flow | -93.50 | 182 | 186 | 234 | -42.90 | 74.80 | 284 | -613 | 1,408 | 1,053 |
| Cash & Equivalents | 353 | 915 | 1,068 | 405 | 358 | 272 | 336 | 195 | 601 | 1,649 |
| Total Debt | 2,124 | 2,093 | 2,304 | 2,175 | 2,699 | 2,827 | 3,093 | 4,055 | 3,684 | 1,713 |
| Net Cash / Debt | -1,772 | -1,178 | -1,236 | -1,770 | -2,341 | -2,555 | -2,757 | -3,860 | -3,082 | -63.80 |
| Assets | 3,504 | 3,530 | 2,953 | 1,924 | 2,136 | 3,147 | 13,122 | 13,575 | 14,542 | 7,778 |
| Liabilities | 3,146 | 3,105 | 3,398 | 3,254 | 3,947 | 4,882 | 6,238 | 7,814 | 7,502 | 3,940 |
| Book Value | 358 | 424 | -444 | -1,464 | -1,981 | -1,431 | 6,070 | 4,633 | 5,785 | 3,846 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Cleveland-Cliffs Inc. |
| Country |
United States |
| Employees |
2,372 |
| CEO |
C. Lourenço Gonçalves |
Stock Information
| Ticker Symbol |
CLF |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Basic Materials |
| Industry |
Steel |
| Unique Identifier |
NYSE: CLF |
Description
Cleveland-Cliffs 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.