CLEVELAND-CLIFFS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.6 USD | +1.85% |
|
-1.57% | -13.81% |
| 01/05 | Cleveland-Cliffs Insider Bought Shares Worth $1,005,666, According to a Recent SEC Filing | MT |
| 01/05 | Cleveland-Cliffs Insider Bought Shares Worth $424,875, According to a Recent SEC Filing | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,269 | 6,951 | 10,887 | 8,302 | 10,309 | 8,368 | - | - |
| Enterprise Value (EV) 1 | 4,030 | 12,229 | 16,077 | 12,721 | 13,248 | 11,651 | 11,218 | 10,755 |
| P/E ratio | 8.16 x | -45.5 x | 4.06 x | 6.32 x | 26.2 x | 32.8 x | 11.2 x | 11.1 x |
| Yield | 3.21% | 0.41% | - | - | - | - | - | - |
| Capitalization / Revenue | 1.14 x | 1.3 x | 0.53 x | 0.36 x | 0.47 x | 0.4 x | 0.4 x | 0.4 x |
| EV / Revenue | 2.03 x | 2.28 x | 0.79 x | 0.55 x | 0.6 x | 0.55 x | 0.53 x | 0.51 x |
| EV / EBITDA | 7.68 x | 34.6 x | 3.06 x | 4.01 x | 6.93 x | 7.07 x | 5.24 x | 4.67 x |
| EV / FCF | -43.1 x | -15.6 x | 7.73 x | 8.59 x | 8.17 x | 19.9 x | 14.5 x | 30.4 x |
| FCF Yield | -2.32% | -6.43% | 12.9% | 11.6% | 12.2% | 5.03% | 6.87% | 3.29% |
| Price to Book | 6.34 x | 3.45 x | 1.98 x | 1.06 x | 1.31 x | 1.13 x | 1.05 x | 0.93 x |
| Nbr of stocks (in thousands) | 2,70,084 | 4,77,428 | 5,00,091 | 5,15,302 | 5,04,861 | 4,75,476 | - | - |
| Reference price 2 | 8.400 | 14.56 | 21.77 | 16.11 | 20.42 | 17.60 | 17.60 | 17.60 |
| Announcement Date | 20/02/20 | 25/02/21 | 11/02/22 | 13/02/23 | 29/01/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,990 | 5,354 | 20,444 | 22,989 | 21,996 | 21,183 | 21,077 | 21,161 |
| EBITDA 1 | 524.8 | 353 | 5,262 | 3,169 | 1,911 | 1,648 | 2,142 | 2,302 |
| EBIT 1 | 429.3 | -142 | 4,012 | 1,939 | 814 | 589.1 | 1,292 | 1,300 |
| Operating Margin | 21.57% | -2.65% | 19.62% | 8.43% | 3.7% | 2.78% | 6.13% | 6.14% |
| Earnings before Tax (EBT) 1 | 312.1 | -193 | 3,803 | 1,796 | 597 | 411.6 | 1,087 | 1,049 |
| Net income 1 | 292.8 | -122 | 2,988 | 1,335 | 399 | 248.6 | 799.2 | 764.1 |
| Net margin | 14.71% | -2.28% | 14.62% | 5.81% | 1.81% | 1.17% | 3.79% | 3.61% |
| EPS 2 | 1.030 | -0.3200 | 5.360 | 2.550 | 0.7800 | 0.5368 | 1.573 | 1.589 |
| Free Cash Flow 1 | -93.5 | -786 | 2,080 | 1,480 | 1,621 | 585.6 | 771.2 | 354 |
| FCF margin | -4.7% | -14.68% | 10.17% | 6.44% | 7.37% | 2.76% | 3.66% | 1.67% |
| FCF Conversion (EBITDA) | - | - | 39.53% | 46.7% | 84.82% | 35.54% | 36% | 15.37% |
| FCF Conversion (Net income) | - | - | 69.61% | 110.86% | 406.27% | 235.6% | 96.49% | 46.33% |
| Dividend per Share 2 | 0.2700 | 0.0600 | - | - | - | - | - | - |
| Announcement Date | 20/02/20 | 25/02/21 | 11/02/22 | 13/02/23 | 29/01/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,346 | 5,955 | 6,337 | 5,653 | 5,044 | 5,295 | 5,984 | 5,605 | 5,112 | 5,199 | 5,327 | 5,356 | 5,331 | 5,163 | 5,304 |
| EBITDA 1 | 1,456 | 1,451 | 1,130 | 452 | 123 | 243 | 775 | 614 | 279 | 414 | 380.7 | 435 | 421.3 | 421 | 366 |
| EBIT 1 | 1,119 | 1,094 | 840 | 187 | -182 | -31 | 497.2 | 325 | 32 | 184 | 109.6 | 191.8 | 195.9 | 290 | - |
| Operating Margin | 20.93% | 18.37% | 13.26% | 3.31% | -3.61% | -0.59% | 8.31% | 5.8% | 0.63% | 3.54% | 2.06% | 3.58% | 3.67% | 5.62% | - |
| Earnings before Tax (EBT) 1 | 1,112 | 1,050 | 757 | 175 | -186 | -56 | 458 | 303 | -108 | -61 | 80.2 | 162.5 | 166.9 | 265.5 | - |
| Net income 1 | 893 | 801 | 596 | 152 | -214 | -57 | 347 | 264 | -155 | -67 | 49.3 | 114 | 117.6 | 189.7 | - |
| Net margin | 16.7% | 13.45% | 9.41% | 2.69% | -4.24% | -1.08% | 5.8% | 4.71% | -3.03% | -1.29% | 0.93% | 2.13% | 2.21% | 3.67% | - |
| EPS 2 | 1.690 | 1.500 | 1.130 | 0.2900 | -0.4100 | -0.1100 | 0.6700 | 0.5200 | -0.3100 | -0.1400 | 0.1492 | 0.2403 | 0.2176 | 0.2997 | 0.4000 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/02/22 | 22/04/22 | 22/07/22 | 25/10/22 | 13/02/23 | 24/04/23 | 24/07/23 | 23/10/23 | 29/01/24 | 22/04/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,761 | 5,278 | 5,190 | 4,419 | 2,939 | 3,282 | 2,850 | 2,386 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.356 x | 14.95 x | 0.9863 x | 1.394 x | 1.538 x | 1.992 x | 1.33 x | 1.036 x |
| Free Cash Flow 1 | -93.5 | -786 | 2,080 | 1,480 | 1,621 | 586 | 771 | 354 |
| ROE (net income / shareholders' equity) | 74.9% | -7.1% | 72.8% | 20.1% | 6.74% | 4.45% | 10.1% | 8.79% |
| ROA (Net income/ Total Assets) | 8.33% | - | 18% | - | 3% | 1.92% | 4.84% | - |
| Assets 1 | 3,517 | - | 16,565 | - | 13,285 | 12,927 | 16,509 | - |
| Book Value Per Share 2 | 1.330 | 4.230 | 11.00 | 15.20 | 15.60 | 15.60 | 16.80 | 18.90 |
| Cash Flow per Share 2 | 1.850 | 0.3400 | 5.000 | 4.620 | 3.080 | 2.380 | 3.550 | 2.950 |
| Capex 1 | 656 | 525 | 705 | 943 | 646 | 701 | 997 | 1,206 |
| Capex / Sales | 32.97% | 9.81% | 3.45% | 4.1% | 2.94% | 3.31% | 4.73% | 5.7% |
| Announcement Date | 20/02/20 | 25/02/21 | 11/02/22 | 13/02/23 | 29/01/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
17.6
USD
Average target price
20.79
USD
Spread / Average Target
+18.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.81% | 8.37B | |
| -0.07% | 41.74B | |
| +19.32% | 24.92B | |
| -19.22% | 22.6B | |
| -5.36% | 21.45B | |
| +14.71% | 21.4B | |
| +7.52% | 20.92B | |
| +7.20% | 9.75B | |
| +35.83% | 8.32B | |
| -25.04% | 8.2B |
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