(CLF) Cleveland-Cliffs - Ratings and Ratios
Steel, Ore, Plates, Tubing, Stainless
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 61.8% |
| Value at Risk 5%th | 86.6% |
| Relative Tail Risk | -14.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.36 |
| Alpha | -23.33 |
| CAGR/Max DD | -0.10 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.495 |
| Beta | 1.920 |
| Beta Downside | 1.830 |
| Drawdowns 3y | |
|---|---|
| Max DD | 74.46% |
| Mean DD | 35.88% |
| Median DD | 35.26% |
Description: CLF Cleveland-Cliffs November 05, 2025
Cleveland-Cliffs Inc. (NYSE: CLF) is a vertically integrated flat-rolled steel producer operating in the United States, Canada and select international markets. Its product slate spans hot-rolled, cold-rolled, galvanized, aluminized and advanced high-strength steels, a range of stainless-steel grades, electrical steel, as well as ancillary materials such as slab, rail, scrap, iron ore, coal, coke and tool-and-die components. The company also manufactures tubular products (carbon and stainless steel), tin-mill goods, and provides hot- and cold-stamp assembly, tooling and sampling services. Ownership of five iron-ore mines in Minnesota and Michigan underpins its raw-material supply chain.
Key operational metrics as of Q3 2024 show CLF reporting adjusted EBITDA of roughly $1.2 billion and a steel-segment capacity utilization near 85 %, reflecting strong demand from its core automotive, infrastructure and manufacturing customers. The firm’s earnings are highly sensitive to U.S. infrastructure spending levels-estimated to drive a 3-5 % incremental demand for construction-grade steel over the next 12 months-and to iron-ore price volatility, which currently sits around $115 per tonne, influencing both input costs and margins.
For a deeper, data-driven assessment of CLF’s valuation dynamics, consider exploring the analytical dashboards on ValueRay, where you can compare its performance against sector peers and track the impact of macro-economic trends.
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income (-1.68b TTM) > 0 and > 6% of Revenue (6% = 1.12b TTM) |
| FCFTA -0.08 (>2.0%) and ΔFCFTA -10.84pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 18.31% (prev 13.88%; Δ 4.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.05 (>3.0%) and CFO -921.0m > Net Income -1.68b (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 2.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (492.2m) change vs 12m ago 5.16% (target <= -2.0% for YES) |
| Gross Margin -4.94% (prev 2.56%; Δ -7.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 100.4% (prev 118.9%; Δ -18.48pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.69 (EBITDA TTM -329.0m / Interest Expense TTM 577.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.54
| (A) 0.17 = (Total Current Assets 6.69b - Total Current Liabilities 3.28b) / Total Assets 20.29b |
| (B) -0.01 = Retained Earnings (Balance) -286.0m / Total Assets 20.29b |
| (C) -0.08 = EBIT TTM -1.55b / Avg Total Assets 18.54b |
| (D) 0.04 = Book Value of Equity 617.0m / Total Liabilities 14.58b |
| Total Rating: 0.54 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 11.47
| 1. Piotroski 0.50pt |
| 2. FCF Yield -10.33% |
| 3. FCF Margin -8.31% |
| 4. Debt/Equity 1.47 |
| 5. Debt/Ebitda -24.23 |
| 6. ROIC - WACC (= -15.34)% |
| 7. RoE -27.70% |
| 8. Rev. Trend -76.29% |
| 9. EPS Trend -83.96% |
What is the price of CLF shares?
Over the past week, the price has changed by -3.74%, over one month by +19.86%, over three months by +12.25% and over the past year by +0.73%.
Is CLF a buy, sell or hold?
- Strong Buy: 3
- Buy: 1
- Hold: 6
- Sell: 1
- Strong Sell: 1
What are the forecasts/targets for the CLF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.5 | 0.6% |
| Analysts Target Price | 12.5 | 0.6% |
| ValueRay Target Price | 11.9 | -4.1% |
CLF Fundamental Data Overview December 09, 2025
P/E Forward = 40.9836
P/S = 0.376
P/B = 1.281
P/EG = -0.22
Beta = 1.98
Revenue TTM = 18.62b USD
EBIT TTM = -1.55b USD
EBITDA TTM = -329.0m USD
Long Term Debt = 8.04b USD (from longTermDebt, last quarter)
Short Term Debt = 113.0m USD (from shortTermDebt, last fiscal year)
Debt = 8.04b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.97b USD (from netDebt column, last quarter)
Enterprise Value = 14.97b USD (7.00b + Debt 8.04b - CCE 66.0m)
Interest Coverage Ratio = -2.69 (Ebit TTM -1.55b / Interest Expense TTM 577.0m)
FCF Yield = -10.33% (FCF TTM -1.55b / Enterprise Value 14.97b)
FCF Margin = -8.31% (FCF TTM -1.55b / Revenue TTM 18.62b)
Net Margin = -9.00% (Net Income TTM -1.68b / Revenue TTM 18.62b)
Gross Margin = -4.94% ((Revenue TTM 18.62b - Cost of Revenue TTM 19.54b) / Revenue TTM)
Gross Margin QoQ = -0.97% (prev -4.24%)
Tobins Q-Ratio = 0.74 (Enterprise Value 14.97b / Total Assets 20.29b)
Interest Expense / Debt = 1.90% (Interest Expense 153.0m / Debt 8.04b)
Taxrate = 25.24% (-78.0m / -309.0m)
NOPAT = -1.16b (EBIT -1.55b * (1 - 25.24%)) [loss with tax shield]
Current Ratio = 2.04 (Total Current Assets 6.69b / Total Current Liabilities 3.28b)
Debt / Equity = 1.47 (Debt 8.04b / totalStockholderEquity, last quarter 5.47b)
Debt / EBITDA = -24.23 (negative EBITDA) (Net Debt 7.97b / EBITDA -329.0m)
Debt / FCF = -5.15 (negative FCF - burning cash) (Net Debt 7.97b / FCF TTM -1.55b)
Total Stockholder Equity = 6.05b (last 4 quarters mean from totalStockholderEquity)
RoA = -8.26% (Net Income -1.68b / Total Assets 20.29b)
RoE = -27.70% (Net Income TTM -1.68b / Total Stockholder Equity 6.05b)
RoCE = -11.00% (EBIT -1.55b / Capital Employed (Equity 6.05b + L.T.Debt 8.04b))
RoIC = -8.48% (negative operating profit) (NOPAT -1.16b / Invested Capital 13.66b)
WACC = 6.85% (E(7.00b)/V(15.04b) * Re(13.09%) + D(8.04b)/V(15.04b) * Rd(1.90%) * (1-Tc(0.25)))
Discount Rate = 13.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.27%
Fair Price DCF = unknown (Cash Flow -1.55b)
EPS Correlation: -83.96 | EPS CAGR: -33.73% | SUE: 0.0 | # QB: 0
Revenue Correlation: -76.29 | Revenue CAGR: -3.19% | SUE: -1.83 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.10 | Chg30d=+0.038 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=0.27 | Chg30d=+0.020 | Revisions Net=+1 | Growth EPS=+111.5% | Growth Revenue=+7.5%
Additional Sources for CLF Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle