CLF Stock Analysis: Cleveland-Cliffs | NYSE
Steel | NYSE, USA | Market Cap: 6.573m USD | 12M Return: 31.1% | US1858991011 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 250M
Qual. Beats: 0
Rev. Trend: -85.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 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: -876.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 2.98 > 1.0 |
| NWC/Revenue: 16.71% < 20% (prev 18.48%; Δ -1.76% < -1%) |
| CFO/TA -0.01 > 3% & CFO -251.0m > Net Income -876.0m |
| Net Debt (7.81b) to EBITDA (622.0m): 12.55 < 3 |
| Current Ratio: 1.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (571.0m) vs 12m ago 14.67% < -2% |
| Gross Margin: -0.65% > 18% (prev -5.29%; Δ 4.65% > 0.5%) |
| Asset Turnover: 94.59% > 50% (prev 90.16%; Δ 4.43% > 0%) |
| Interest Coverage Ratio: -0.88 > 6 (EBIT TTM -535.0m / Interest Expense TTM 609.0m) |
| A: 0.16 (Total Current Assets 6.81b - Total Current Liabilities 3.61b) / Total Assets 20.1b |
| B: -0.05 (Retained Earnings -911.0m / Total Assets 20.1b) |
| C: -0.03 (EBIT TTM -535.0m / Avg Total Assets 20.3b) |
| D: 0.39 (Book Value of Equity 5.60b / Total Liabilities 14.3b) |
| Altman-Z'' = 1.13 = BB |
| DSRI: 1.10 (Receivables 2.04b/1.78b, Revenue 19.2b/18.5b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.99 (AQ_t 0.20 / AQ_t-1 0.20) |
| SGI: 1.04 (Revenue 19.2b / 18.5b) |
| TATA: -0.03 (NI -876.0m - CFO -251.0m) / TA 20.1b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of August 06, 2026, the stock is trading at USD 12.65 with a total of 15,947,215 shares traded. Over the past week, the price has changed by +11.16%, over one month by +29.48%, over three months by +18.78% and over the past year by +31.09%.
Current recommended Stop Loss: 11.70 (which is 7.5% 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 | -7.1% |
P/E Forward = 29.6736
P/S = 0.3424
P/B = 1.184
P/EG = 0.4272
Revenue TTM = 19.2b USD
EBIT TTM = -535.0m USD
EBITDA TTM = 622.0m USD
Long Term Debt = 7.70b USD (from longTermDebt, last quarter)
Short Term Debt = 115.0m USD (from shortTermDebt, last fiscal year)
Debt = 7.88b USD (from shortLongTermDebtTotal, last quarter) + Leases 174.1m
Net Debt = 7.81b USD (calculated: Debt 7.88b - CCE 70.0m)
Enterprise Value = 14.4b USD (6.57b + Debt 7.88b - CCE 70.0m)
Interest Coverage Ratio = -0.88 (Ebit TTM -535.0m / Interest Expense TTM 609.0m)
EV/FCF = -16.78x (Enterprise Value 14.4b / FCF TTM -857.0m)
FCF Yield = -5.96% (FCF TTM -857.0m / Enterprise Value 14.4b)
FCF Margin = -4.46% (FCF TTM -857.0m / Revenue TTM 19.2b)
Net Margin = -4.56% (Net Income TTM -876.0m / Revenue TTM 19.2b)
Gross Margin = -0.65% ((Revenue TTM 19.2b - Cost of Revenue TTM 19.3b) / Revenue TTM)
Gross Margin QoQ = 3.73% (prev -1.67%)
Tobins Q-Ratio = 0.71 (Enterprise Value 14.4b / Total Assets 20.1b)
Interest Expense / Debt = 7.73% (Interest Expense 609.0m / Debt 7.88b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -422.6m (EBIT -535.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.89 (Total Current Assets 6.81b / Total Current Liabilities 3.61b)
Debt / Equity = 1.41 (Debt 7.88b / totalStockholderEquity, last quarter 5.60b)
Debt / EBITDA = 12.55 (Net Debt 7.81b / EBITDA 622.0m)
Debt / FCF = -9.11 (negative FCF - burning cash) (Net Debt 7.81b / FCF TTM -857.0m)
Total Stockholder Equity = 5.75b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.32% (Net Income -876.0m / Total Assets 20.1b)
RoE = -15.23% (Net Income TTM -876.0m / Total Stockholder Equity 5.75b)
RoCE = -3.98% (EBIT -535.0m / Capital Employed (Equity 5.75b + L.T.Debt 7.70b))
RoIC = -2.55% (negative operating profit) (NOPAT -422.6m / Invested Capital 16.6b)
WACC = 9.03% (E(6.57b)/V(14.4b) * Re(12.53%) + D(7.88b)/V(14.4b) * Rd(7.73%) * (1-Tc(0.21)))
Discount Rate = 12.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.34 | Cagr: 4.98%
[DCF] Fair Price = unknown (Cash Flow -857.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.11 | # QB: 0
Revenue Correlation: -85.72 | Revenue CAGR: -6.54% | SUE: 0.64 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.18 | Chg30d=+1.65% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.27 | Chg30d=+25.93% | Revisions=+50% | GrowthEPS=+89.3% | GrowthRev=+15.2%
EPS next Year (2027-12-31): EPS=0.51 | Chg30d=+1.30% | Revisions=+17% | GrowthEPS=+291.3% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +58% (up=8, down=1)