Company Valuation: Cleveland-Cliffs Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,887 8,302 10,309 4,643 8,562 6,128 - -
Change - -23.75% 24.19% -54.96% 84.4% -28.43% - -
Enterprise Value (EV) 1 16,077 12,721 13,248 11,654 15,758 13,391 12,719 11,793
Change - -20.88% 4.15% -12.03% 35.21% -15.02% -5.02% -7.28%
P/E 4.06x 6.32x 26.2x -5.99x -4.56x -56.5x 12.4x 10.8x
PBR 1.98x 1.06x 1.31x 0.7x 1.24x 1x 0.93x 0.85x
PEG - -0.1x -0.4x 0x -0.1x 0.6x -0x 0.8x
Capitalization / Revenue 0.53x 0.36x 0.47x 0.24x 0.46x 0.29x 0.28x 0.28x
EV / Revenue 0.79x 0.55x 0.6x 0.61x 0.85x 0.62x 0.58x 0.53x
EV / EBITDA 3.06x 4.01x 6.93x 14.9x 426x 8.54x 5.74x 5.44x
EV / EBIT 4.01x 6.56x 16.3x -15.4x -9.98x 38.2x 12.2x 11.2x
EV / FCF 7.73x 8.59x 8.17x -19.8x -15.4x -36.2x 20.2x 15.1x
FCF Yield 12.9% 11.6% 12.2% -5.06% -6.49% -2.77% 4.94% 6.62%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.36 2.55 0.78 -1.57 -2.91 -0.1901 0.8674 0.99
Distribution rate - - - - - - - -
Net sales 1 20,444 22,989 21,996 19,185 18,610 21,450 22,032 22,061
EBITDA 1 5,262 3,169 1,911 780 37 1,568 2,216 2,169
EBIT 1 4,012 1,939 814 -756 -1,579 350.5 1,047 1,056
Net income 1 2,988 1,335 399 -754 -1,478 -95.34 502.9 488.3
Net Debt 1 5,190 4,419 2,939 7,011 7,196 7,264 6,592 5,665
Reference price 2 21.77 16.11 20.42 9.40 13.28 10.74 10.74 10.74
Nbr of stocks (in thousands) 500,091 515,302 504,861 493,944 644,707 570,540 - -
Announcement Date 2/11/22 2/13/23 1/29/24 2/24/25 2/9/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.19x1.45x7.57x0.93% 54.56B
16.17x0.92x7.43x0.87% 53.86B
13.1x1.43x8.46x0.97% 31.39B
36.47x6.98x23.75x0.17% 24.24B
13.12x1.16x7.05x2.29% 23.91B
12.14x0.78x7.39x3.64% 21.83B
11.64x0.55x5.26x3.06% 17.45B
14.02x4.17x10.86x0.05% 11.12B
12.78x0.84x6.37x2.99% 9.98B
Average 15.85x 2.03x 9.35x 1.66% 27.59B
Weighted average by Cap. 15.91x 1.82x 9.11x 1.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  3. CLF Stock
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  5. Valuation Cleveland-Cliffs Inc.