Cleveland Cliffs Stock Fundamentals
| CLF Stock | USD 18.32 0.23 1.24% |
Cleveland Cliffs fundamentals help investors to digest information that contributes to Cleveland Cliffs' financial success or failures. It also enables traders to predict the movement of Cleveland Stock. The fundamental analysis module provides a way to measure Cleveland Cliffs' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cleveland Cliffs stock.
At this time, Cleveland Cliffs' Selling General Administrative is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Revenue is estimated to increase to about 23.1 B, while Tax Provision is projected to decrease to roughly 83.1 M. Cleveland | Select Account or Indicator |
Cleveland Cliffs Company Operating Margin Analysis
Cleveland Cliffs' Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Cleveland Cliffs Operating Margin | 0.04 % |
Most of Cleveland Cliffs' fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cleveland Cliffs is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Cleveland Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, Cleveland Cliffs has an Operating Margin of 0.0366%. This is 102.51% lower than that of the Metals & Mining sector and 100.5% lower than that of the Materials industry. The operating margin for all United States stocks is 100.66% lower than that of the firm.
Cleveland Cliffs Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Cleveland Cliffs's current stock value. Our valuation model uses many indicators to compare Cleveland Cliffs value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cleveland Cliffs competition to find correlations between indicators driving Cleveland Cliffs's intrinsic value. More Info.Cleveland Cliffs is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies reporting about 0.68 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Cleveland Cliffs is roughly 1.47 . At this time, Cleveland Cliffs' Return On Equity is most likely to slightly decrease in the upcoming years.Comparative valuation analysis is a catch-all model that can be used if you cannot value Cleveland Cliffs by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cleveland Cliffs' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cleveland Cliffs' earnings, one of the primary drivers of an investment's value.Cleveland Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cleveland Cliffs' direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cleveland Cliffs could also be used in its relative valuation, which is a method of valuing Cleveland Cliffs by comparing valuation metrics of similar companies.Cleveland Cliffs is currently under evaluation in operating margin category among related companies.
Cleveland Fundamentals
| Return On Equity | 0.0576 | ||||
| Return On Asset | 0.0392 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 12.51 B | ||||
| Shares Outstanding | 475.46 M | ||||
| Shares Owned By Insiders | 1.63 % | ||||
| Shares Owned By Institutions | 72.28 % | ||||
| Number Of Shares Shorted | 31.19 M | ||||
| Price To Earning | 3.23 X | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 0.47 X | ||||
| Revenue | 22 B | ||||
| Gross Profit | 2.52 B | ||||
| EBITDA | 2 B | ||||
| Net Income | 450 M | ||||
| Cash And Equivalents | 26 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 3.14 B | ||||
| Debt To Equity | 0.61 % | ||||
| Current Ratio | 2.33 X | ||||
| Book Value Per Share | 15.55 X | ||||
| Cash Flow From Operations | 2.27 B | ||||
| Short Ratio | 3.65 X | ||||
| Earnings Per Share | 0.78 X | ||||
| Price To Earnings To Growth | (0.22) X | ||||
| Target Price | 21.96 | ||||
| Number Of Employees | 28 K | ||||
| Beta | 2.04 | ||||
| Market Capitalization | 8.82 B | ||||
| Total Asset | 17.54 B | ||||
| Retained Earnings | 1.73 B | ||||
| Working Capital | 3.13 B | ||||
| Current Asset | 982.7 M | ||||
| Current Liabilities | 581.7 M | ||||
| Net Asset | 17.54 B |
About Cleveland Cliffs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cleveland Cliffs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cleveland Cliffs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cleveland Cliffs based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -90 M | -85.5 M | |
| Total Revenue | 22 B | 23.1 B | |
| Cost Of Revenue | 20.6 B | 21.6 B | |
| Stock Based Compensation To Revenue | (0.04) | (0.04) | |
| Sales General And Administrative To Revenue | 0.00 | 0.00 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | (0.03) | (0.03) | |
| Revenue Per Share | 43.13 | 45.29 | |
| Ebit Per Revenue | 0.03 | 0.03 |
Pair Trading with Cleveland Cliffs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cleveland Cliffs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.Moving together with Cleveland Stock
| 0.63 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.66 | AG | First Majestic Silver Earnings Call This Week | PairCorr |
| 0.74 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against Cleveland Stock
| 0.7 | NC | NACCO Industries Earnings Call This Week | PairCorr |
| 0.68 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.54 | X | United States Steel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cleveland Cliffs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cleveland Cliffs to buy it.
The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland Cliffs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cleveland Cliffs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cleveland Cliffs Piotroski F Score and Cleveland Cliffs Altman Z Score analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Cleveland Stock analysis
When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.792 | Earnings Share 0.78 | Revenue Per Share 43.791 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0392 |
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.