Cleveland-Cliffs Inc.

Valuation Analysis

About the Company

Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of

Cleveland-Cliffs Inc. Stock at a Glance

Cleveland-Cliffs Inc. (CLF) is currently trading at $13.78 with a market capitalization of $7.9B. The 52-week range spans from $6.72 to $16.70; the current price is 17.5% below the yearly high. Year-over-year revenue growth stands at +6.3%.

💰 Dividend

Cleveland-Cliffs Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Analyst Rating

10 analysts rate Cleveland-Cliffs Inc. (CLF) on consensus: Hold. The average price target is $11.60, implying -15.82% from the current price. Analyst price targets range from $8.00 to $15.00.

Cleveland-Cliffs Inc.: The Investment Case in Detail

Cleveland-Cliffs Inc. (CLF) operates in the Basic Materials — specifically Steel — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bear Case

Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders. With a beta near 2.09, the share price moves sharply more than the broader market — drawdowns in market corrections can be unusually severe and require strong nerves. Short interest sits at 14.51% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

Valuation in Context

With a PEG ratio of 0.43, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity. The EV/EBITDA multiple of 86.32x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

The data points to above-average price swings, elevated short interest (14.51%), higher leverage relative to equity.

Trading Data

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