Cleveland-Cliffs Statistics
Total Valuation
CLF has a market cap or net worth of $10.38 billion. The enterprise value is $13.32 billion.
| Market Cap | 10.38B |
| Enterprise Value | 13.32B |
Important Dates
The next confirmed earnings date is Monday, April 22, 2024, after market close.
| Earnings Date | Apr 22, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
CLF has 498.29 million shares outstanding. The number of shares has decreased by -2.03% in one year.
| Shares Outstanding | 498.29M |
| Shares Change (YoY) | -2.03% |
| Shares Change (QoQ) | -0.75% |
| Owned by Insiders (%) | 1.63% |
| Owned by Institutions (%) | 72.45% |
| Float | 488.42M |
Valuation Ratios
The trailing PE ratio is 26.71 and the forward PE ratio is 15.42. CLF's PEG ratio is -0.22.
| PE Ratio | 26.71 |
| Forward PE | 15.42 |
| PS Ratio | 0.47 |
| Forward PS | 0.48 |
| PB Ratio | 1.32 |
| P/FCF Ratio | 6.40 |
| PEG Ratio | -0.22 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 7.36, with an EV/FCF ratio of 8.22.
| EV / Earnings | 33.38 |
| EV / Sales | 0.61 |
| EV / EBITDA | 7.36 |
| EV / EBIT | 15.93 |
| EV / FCF | 8.22 |
Financial Position
The company has a current ratio of 1.89, with a Debt / Equity ratio of 0.40.
| Current Ratio | 1.89 |
| Quick Ratio | 0.58 |
| Debt / Equity | 0.40 |
| Debt / EBITDA | 1.73 |
| Debt / FCF | 1.94 |
| Interest Coverage | 2.89 |
Financial Efficiency
Return on equity (ROE) is 5.10% and return on invested capital (ROIC) is 4.48%.
| Return on Equity (ROE) | 5.10% |
| Return on Assets (ROA) | 2.20% |
| Return on Capital (ROIC) | 4.48% |
| Revenue Per Employee | $785,571 |
| Profits Per Employee | $14,250 |
| Employee Count | 28,000 |
| Asset Turnover | 1.21 |
| Inventory Turnover | 4.30 |
Taxes
In the past 12 months, CLF has paid $148.00 million in taxes.
| Income Tax | 148.00M |
| Effective Tax Rate | 27.06% |
Stock Price Statistics
The stock price has increased by +21.18% in the last 52 weeks. The beta is 2.04, so CLF's price volatility has been higher than the market average.
| Beta (1Y) | 2.04 |
| 52-Week Price Change | +21.18% |
| 50-Day Moving Average | 20.87 |
| 200-Day Moving Average | 17.81 |
| Relative Strength Index (RSI) | 42.79 |
| Average Volume (30 Days) | 8,385,598 |
Short Selling Information
The latest short interest is 31.19 million, so 6.26% of the outstanding shares have been sold short.
| Short Interest | 31.19M |
| Short Previous Month | 29.44M |
| Short % of Shares Out | 6.26% |
| Short % of Float | 6.38% |
| Short Ratio (days to cover) | 3.65 |
Income Statement
In the last 12 months, CLF had revenue of $22.00 billion and earned $399.00 million in profits. Earnings per share was $0.78.
| Revenue | 22.00B |
| Gross Profit | 1.39B |
| Operating Income | 677.00M |
| Pretax Income | 547.00M |
| Net Income | 399.00M |
| EBITDA | 1.81B |
| EBIT | 836.00M |
| Earnings Per Share (EPS) | $0.78 |
Balance Sheet
The company has $198.00 million in cash and $3.14 billion in debt, giving a net cash position of -$2.94 billion or -$5.90 per share.
| Cash & Cash Equivalents | 198.00M |
| Total Debt | 3.14B |
| Net Cash | -2.94B |
| Net Cash Per Share | -$5.90 |
| Equity / Book Value | 7.89B |
| Book Value Per Share | 15.83 |
| Working Capital | 3.13B |
Cash Flow
In the last 12 months, operating cash flow was $2.27 billion and capital expenditures -$646.00 million, giving a free cash flow of $1.62 billion.
| Operating Cash Flow | 2.27B |
| Capital Expenditures | -646.00M |
| Free Cash Flow | 1.62B |
| FCF Per Share | $3.21 |
Margins
Gross margin is 6.32%, with operating and profit margins of 3.08% and 1.81%.
| Gross Margin | 6.32% |
| Operating Margin | 3.08% |
| Pretax Margin | 2.49% |
| Profit Margin | 1.81% |
| EBITDA Margin | 8.22% |
| EBIT Margin | 3.80% |
| FCF Margin | 7.37% |
Dividends & Yields
CLF does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | 2.03% |
| Shareholder Yield | 2.03% |
| Earnings Yield | 3.84% |
| FCF Yield | 15.62% |
Analyst Forecast
The average price target for CLF is $21.96, which is 5.43% higher than the current price. The consensus rating is "Hold".
| Price Target | $21.96 |
| Price Target Difference | 5.43% |
| Analyst Consensus | Hold |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on May 16, 2008. It was a forward split with a ratio of 2:1.
| Last Split Date | May 16, 2008 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
CLF has an Altman Z-Score of 2.43 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.43 |
| Piotroski F-Score | 7 |