Cleveland-Cliffs Inc. (CLF)

Last Closing Price: 18.32 (2024-04-24)

Company Description

Cleveland-Cliffs Inc. is the largest producer of iron ore pellets in North America. It is also the biggest flat-rolled steel producer in the region. The company is a major producer of iron ore pellets and it mainly sells products to integrated steel companies through this division in the United States and Canada. Cleveland-Cliffs updated its segment structure following the ArcelorMittal USA buyout and now has one reportable segment, Steelmaking. The earlier Mining and Pelletizing division is now included within Steelmaking while other remaining operating segments including Tooling and Stamping are classified as Other Businesses. The company's Steelmaking operations makes flat-rolled carbon, stainless, electrical, plate, tinplate and long steel products. It provides carbon and stainless-steel tubing products, die design and tooling, as well as hot and cold-stamped components.

Financials, Fundamental Metrics & Ratios
Revenue (Most Recent Fiscal Year) $22.00B
Net Income (Most Recent Fiscal Year) $399.00M
PE Ratio (Current Year Earnings Estimate) 11.02
PE Ratio (Trailing 12 Months) 13.47
PEG Ratio (Long Term Growth Estimate) 0.64
Price to Sales Ratio (Trailing 12 Months) 0.40
Price to Book Ratio (Most Recent Quarterly Book Value per Share) 1.17
Price to Cash Ratio (Most Recent Annual Cash Flow per Share) 5.63
Pre-Tax Margin (Trailing 12 Months) 2.70%
Net Margin (Trailing 12 Months) 1.78%
Return on Equity (Trailing 12 Months) 8.69%
Return on Assets (Trailing 12 Months) 3.89%
Current Ratio (Most Recent Fiscal Quarter) 1.90
Quick Ratio (Most Recent Fiscal Quarter) 0.62
Debt to Common Equity (Most Recent Fiscal Quarter) 0.49
Inventory Turnover (Trailing 12 Months) 4.46
Book Value per Share (Most Recent Fiscal Quarter) $15.65
Earnings per Share (Most Recent Fiscal Quarter) $0.18
Earnings per Share (Most Recent Fiscal Year) $1.07
Diluted Earnings per Share (Trailing 12 Months) $0.74
Stock
Exchange NYSE
Sector Basic Materials
Industry Steel
Common Shares Outstanding 475.46M
Free Float 467.09M
Market Capitalization $8.71B
Average Volume (Last 20 Days) 8.04M
Beta (Past 60 Months) 2.03
Percentage Held By Insiders (Latest Annual Proxy Report) 1.76%
Percentage Held By Institutions (Latest 13F Reports) 67.68%
Annual Dividend (Based on Last Quarter) $0.00
Dividend Yield (Based on Last Quarter) 0.00%