CLF Stock Analysis: Cleveland-Cliffs | NYSE
Steel | NYSE, USA | Market Cap: 5.624m USD | 12M Return: 7.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 218M
Qual. Beats: 0
Rev. Trend: -92.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cleveland-Cliffs Inc. (CLF) is a North American steel producer headquartered in Cleveland, Ohio, with operations in the United States and Canada. Founded in 1847 and formerly known as Cliffs Natural Resources Inc., the company manufactures a wide range of flat-rolled steel products-including hot-rolled, cold-rolled, aluminized, galvanized, and stainless/electrical steels-as well as plate and slab products. Beyond steelmaking, it operates iron ore mining and pellet production, supplies scrap and coal/coke products, and produces downstream components such as stamped parts, tubing, and tool and die products. Its primary end markets are the automotive, infrastructure and manufacturing, distribution, and steel production sectors.
The company is the largest flat-rolled steel producer in North America and a leading iron ore pellet producer. Its vertically integrated model, spanning raw materials through finished steel, is designed to reduce input cost volatility and secure supply for automotive and industrial customers.
- Hot-rolled steel prices drive flat-rolled segment margins
- Automotive OEM demand underpins steel shipments
- Section 232 tariffs limit import competition
| Net Income: -1.21b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 0.10 > 1.0 |
| NWC/Revenue: 17.92% < 20% (prev 19.87%; Δ -1.95% < -1%) |
| CFO/TA -0.02 > 3% & CFO -436.0m > Net Income -1.21b |
| Net Debt (7.89b) to EBITDA (217.0m): 36.37 < 3 |
| Current Ratio: 2.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (564.3m) vs 12m ago 14.00% < -2% |
| Gross Margin: -2.79% > 18% (prev -3.26%; Δ 0.46% > 0.5%) |
| Asset Turnover: 92.32% > 50% (prev 89.34%; Δ 2.98% > 0%) |
| Interest Coverage Ratio: -1.78 > 6 (EBIT TTM -1.07b / Interest Expense TTM 602.0m) |
| A: 0.17 (Total Current Assets 6.71b - Total Current Liabilities 3.32b) / Total Assets 20.1b |
| B: -0.04 (Retained Earnings -766.0m / Total Assets 20.1b) |
| C: -0.05 (EBIT TTM -1.07b / Avg Total Assets 20.5b) |
| D: 0.41 (Book Value of Equity 5.82b / Total Liabilities 14.1b) |
| Altman-Z'' = 1.06 = BB |
| DSRI: 1.03 (Receivables 1.88b/1.80b, Revenue 18.9b/18.6b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.03 (AQ_t 0.20 / AQ_t-1 0.20) |
| SGI: 1.02 (Revenue 18.9b / 18.6b) |
| TATA: -0.04 (NI -1.21b - CFO -436.0m) / TA 20.1b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at USD 9.51 with a total of 19,193,837 shares traded. Over the past week, the price has changed by +1.28%, over one month by -25.00%, over three months by +5.20% and over the past year by +7.09%.
Current recommended Stop Loss: 8.60 (which is 9.6% or 1.3 ATR below the current price).
Cleveland-Cliffs has received a consensus analysts rating of 3.08. Therefore, it is recommended to hold CLF.
- StrongBuy: 1
- Buy: 1
- Hold: 9
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 11.8 | 23.6% |
P/E Forward = 29.6736
P/S = 0.2975
P/B = 0.966
P/EG = 0.4272
Revenue TTM = 18.9b USD
EBIT TTM = -1.07b USD
EBITDA TTM = 217.0m USD
Long Term Debt = 7.76b USD (from longTermDebt, last quarter)
Short Term Debt = 115.0m USD (from shortTermDebt, last fiscal year)
Debt = 7.94b USD (from shortLongTermDebtTotal, last quarter) + Leases 174.1m
Net Debt = 7.89b USD (calculated: Debt 7.94b - CCE 45.0m)
Enterprise Value = 13.5b USD (5.62b + Debt 7.94b - CCE 45.0m)
Interest Coverage Ratio = -1.78 (Ebit TTM -1.07b / Interest Expense TTM 602.0m)
EV/FCF = -13.56x (Enterprise Value 13.5b / FCF TTM -997.0m)
FCF Yield = -7.38% (FCF TTM -997.0m / Enterprise Value 13.5b)
FCF Margin = -5.27% (FCF TTM -997.0m / Revenue TTM 18.9b)
Net Margin = -6.42% (Net Income TTM -1.21b / Revenue TTM 18.9b)
Gross Margin = -2.79% ((Revenue TTM 18.9b - Cost of Revenue TTM 19.4b) / Revenue TTM)
Gross Margin QoQ = -1.67% (prev -4.43%)
Tobins Q-Ratio = 0.67 (Enterprise Value 13.5b / Total Assets 20.1b)
Interest Expense / Debt = 7.58% (Interest Expense 602.0m / Debt 7.94b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -846.1m (EBIT -1.07b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.02 (Total Current Assets 6.71b / Total Current Liabilities 3.32b)
Debt / Equity = 1.36 (Debt 7.94b / totalStockholderEquity, last quarter 5.82b)
Debt / EBITDA = 36.37 (Net Debt 7.89b / EBITDA 217.0m)
Debt / FCF = -7.92 (negative FCF - burning cash) (Net Debt 7.89b / FCF TTM -997.0m)
Total Stockholder Equity = 5.81b (last 4 quarters mean from totalStockholderEquity)
RoA = -5.93% (Net Income -1.21b / Total Assets 20.1b)
RoE = -20.91% (Net Income TTM -1.21b / Total Stockholder Equity 5.81b)
RoCE = -7.89% (EBIT -1.07b / Capital Employed (Equity 5.81b + L.T.Debt 7.76b))
RoIC = -5.02% (negative operating profit) (NOPAT -846.1m / Invested Capital 16.9b)
WACC = 8.94% (E(5.62b)/V(13.6b) * Re(13.10%) + D(7.94b)/V(13.6b) * Rd(7.58%) * (1-Tc(0.21)))
Discount Rate = 13.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 26.97 | Cagr: 5.07%
[DCF] Fair Price = unknown (Cash Flow -997.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.12 | # QB: 0
Revenue Correlation: -92.00 | Revenue CAGR: -7.48% | SUE: 1.15 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.18 | Chg30d=+12.56% | Revisions=+40% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.18 | Chg30d=+85.41% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=-0.36 | Chg30d=+21.06% | Revisions=+40% | GrowthEPS=+85.5% | GrowthRev=+12.1%
EPS next Year (2027-12-31): EPS=0.50 | Chg30d=+14.19% | Revisions=+40% | GrowthEPS=+239.9% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: +70% (up=7, down=0)