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CLEVELAND-CLIFFS INC (CLF) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:CLF - US1858991011 - Common Stock

13.28 USD
-0.13 (-0.97%)
Last: 12/31/2025, 8:04:00 PM
13.43 USD
+0.15 (+1.13%)
Pre-Market: 1/2/2026, 8:51:09 AM
Fundamental Rating

2

Overall CLF gets a fundamental rating of 2 out of 10. We evaluated CLF against 156 industry peers in the Metals & Mining industry. CLF has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, CLF is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

CLF had negative earnings in the past year.
In the past year CLF has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: CLF reported negative net income in multiple years.
CLF had a positive operating cash flow in 4 of the past 5 years.
CLF Yearly Net Income VS EBIT VS OCF VS FCFCLF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

1.2 Ratios

With a Return On Assets value of -8.26%, CLF is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
With a Return On Equity value of -30.66%, CLF is not doing good in the industry: 75.64% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -8.26%
ROE -30.66%
ROIC N/A
ROA(3y)1.93%
ROA(5y)4.16%
ROE(3y)3.63%
ROE(5y)12.18%
ROIC(3y)N/A
ROIC(5y)N/A
CLF Yearly ROA, ROE, ROICCLF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200

1.3 Margins

CLF does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CLF Yearly Profit, Operating, Gross MarginsCLF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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2

2. Health

2.1 Basic Checks

CLF does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CLF has less shares outstanding
Compared to 5 years ago, CLF has more shares outstanding
CLF has a worse debt/assets ratio than last year.
CLF Yearly Shares OutstandingCLF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
CLF Yearly Total Debt VS Total AssetsCLF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

Based on the Altman-Z score of 1.15, we must say that CLF is in the distress zone and has some risk of bankruptcy.
CLF has a worse Altman-Z score (1.15) than 78.85% of its industry peers.
CLF has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
CLF has a worse Debt to Equity ratio (1.47) than 87.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Altman-Z 1.15
ROIC/WACCN/A
WACC9.36%
CLF Yearly LT Debt VS Equity VS FCFCLF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

CLF has a Current Ratio of 2.04. This indicates that CLF is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of CLF (2.04) is comparable to the rest of the industry.
CLF has a Quick Ratio of 2.04. This is a bad value and indicates that CLF is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.61, CLF is doing worse than 84.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.04
Quick Ratio 0.61
CLF Yearly Current Assets VS Current LiabilitesCLF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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4

3. Growth

3.1 Past

CLF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -771.79%.
Looking at the last year, CLF shows a decrease in Revenue. The Revenue has decreased by -6.76% in the last year.
The Revenue has been growing by 57.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-771.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1.92%
Revenue 1Y (TTM)-6.76%
Revenue growth 3Y-2.1%
Revenue growth 5Y57.33%
Sales Q2Q%3.61%

3.2 Future

Based on estimates for the next years, CLF will show a very strong growth in Earnings Per Share. The EPS will grow by 33.21% on average per year.
The Revenue is expected to grow by 1.94% on average over the next years.
EPS Next Y-134.14%
EPS Next 2Y40.26%
EPS Next 3Y33.21%
EPS Next 5YN/A
Revenue Next Year-1.12%
Revenue Next 2Y2.96%
Revenue Next 3Y2.92%
Revenue Next 5Y1.94%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CLF Yearly Revenue VS EstimatesCLF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5B 10B 15B 20B
CLF Yearly EPS VS EstimatesCLF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4

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1

4. Valuation

4.1 Price/Earnings Ratio

CLF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CLF. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CLF Price Earnings VS Forward Price EarningsCLF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
CLF Per share dataCLF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

A more expensive valuation may be justified as CLF's earnings are expected to grow with 33.21% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.26%
EPS Next 3Y33.21%

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0

5. Dividend

5.1 Amount

CLF does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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CLEVELAND-CLIFFS INC

NYSE:CLF (12/31/2025, 8:04:00 PM)

Premarket: 13.43 +0.15 (+1.13%)

13.28

-0.13 (-0.97%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)10-20 2025-10-20/bmo
Earnings (Next)02-16 2026-02-16/amc
Inst Owners69.1%
Inst Owner Change1.42%
Ins Owners1.42%
Ins Owner Change0.26%
Market Cap7.57B
Revenue(TTM)18.62B
Net Income(TTM)-1.68B
Analysts66.32
Price Target12.57 (-5.35%)
Short Float %13.14%
Short Ratio3.5
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.56%
Min EPS beat(2)-29.71%
Max EPS beat(2)-5.42%
EPS beat(4)0
Avg EPS beat(4)-28.19%
Min EPS beat(4)-49.04%
Max EPS beat(4)-5.42%
EPS beat(8)2
Avg EPS beat(8)-12.74%
EPS beat(12)4
Avg EPS beat(12)-6.52%
EPS beat(16)5
Avg EPS beat(16)-9.76%
Revenue beat(2)0
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-4.34%
Max Revenue beat(2)-0.88%
Revenue beat(4)0
Avg Revenue beat(4)-2.42%
Min Revenue beat(4)-4.34%
Max Revenue beat(4)-0.88%
Revenue beat(8)0
Avg Revenue beat(8)-2.88%
Revenue beat(12)2
Avg Revenue beat(12)-2.04%
Revenue beat(16)4
Avg Revenue beat(16)-1.58%
PT rev (1m)1.58%
PT rev (3m)19.13%
EPS NQ rev (1m)-8.82%
EPS NQ rev (3m)-94.89%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)-17.85%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)-4.8%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)-2.18%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.41
P/FCF N/A
P/OCF N/A
P/B 1.38
P/tB 2.99
EV/EBITDA N/A
EPS(TTM)-3.4
EYN/A
EPS(NY)-0.04
Fwd EYN/A
FCF(TTM)-2.72
FCFYN/A
OCF(TTM)-1.62
OCFYN/A
SpS32.69
BVpS9.59
TBVpS4.44
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -8.26%
ROE -30.66%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)1.93%
ROA(5y)4.16%
ROE(3y)3.63%
ROE(5y)12.18%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.92
Health
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 51.27%
Cap/Sales 3.36%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.04
Quick Ratio 0.61
Altman-Z 1.15
F-Score2
WACC9.36%
ROIC/WACCN/A
Cap/Depr(3y)76.89%
Cap/Depr(5y)95.94%
Cap/Sales(3y)3.55%
Cap/Sales(5y)4.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-771.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1.92%
EPS Next Y-134.14%
EPS Next 2Y40.26%
EPS Next 3Y33.21%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.76%
Revenue growth 3Y-2.1%
Revenue growth 5Y57.33%
Sales Q2Q%3.61%
Revenue Next Year-1.12%
Revenue Next 2Y2.96%
Revenue Next 3Y2.92%
Revenue Next 5Y1.94%
EBIT growth 1Y-2565.52%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year120.32%
EBIT Next 3Y78.38%
EBIT Next 5Y47.39%
FCF growth 1Y-210.82%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-143.77%
OCF growth 3Y-66.47%
OCF growth 5Y-28.65%

CLEVELAND-CLIFFS INC / CLF FAQ

Can you provide the ChartMill fundamental rating for CLEVELAND-CLIFFS INC?

ChartMill assigns a fundamental rating of 2 / 10 to CLF.


What is the valuation status of CLEVELAND-CLIFFS INC (CLF) stock?

ChartMill assigns a valuation rating of 1 / 10 to CLEVELAND-CLIFFS INC (CLF). This can be considered as Overvalued.


How profitable is CLEVELAND-CLIFFS INC (CLF) stock?

CLEVELAND-CLIFFS INC (CLF) has a profitability rating of 1 / 10.


How financially healthy is CLEVELAND-CLIFFS INC?

The financial health rating of CLEVELAND-CLIFFS INC (CLF) is 2 / 10.


Can you provide the dividend sustainability for CLF stock?

The dividend rating of CLEVELAND-CLIFFS INC (CLF) is 0 / 10 and the dividend payout ratio is 0%.