Analyzing Cleveland-Cliffs Inc (CLF)’s quick and current ratios


Cleveland-Cliffs Inc (NYSE: CLF) closed the day trading at $15.41 up 1.52% from the previous closing price of $15.18. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 10249359 shares were traded. CLF stock price reached its highest trading level at $15.53 during the session, while it also had its lowest trading level at $14.91.

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For a better understanding of CLF, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 230.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.26. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.51.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 02 when MICHAEL RALPH S III bought 10,000 shares for $14.96 per share. The transaction valued at 149,592 led to the insider holds 171,840 shares of the business.

Goncalves Celso L Jr bought 6,500 shares of CLF for $98,697 on May 01. The EVP, CFO now owns 237,727 shares after completing the transaction at $15.18 per share. On Apr 28, another insider, Yocum Arlene M, who serves as the Director of the company, bought 1,500 shares for $15.14 each. As a result, the insider paid 22,703 and bolstered with 83,454 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLF now has a Market Capitalization of 7.84B and an Enterprise Value of 11.77B. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.99, and their Forward P/E ratio for the next fiscal year is 8.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is 7.11.

Stock Price History:

Over the past 52 weeks, CLF has reached a high of $22.83, while it has fallen to a 52-week low of $11.82. The 50-Day Moving Average of the stock is 15.39, while the 200-Day Moving Average is calculated to be 17.00.

Shares Statistics:

Over the past 3-months, CLF traded about 9.89M shares per day on average, while over the past 10 days, CLF traded about 11.69M shares per day. A total of 513.34M shares are outstanding, with a floating share count of 496.98M. Insiders hold about 2.30% of the company’s shares, while institutions hold 62.00% stake in the company. Shares short for CLF as of Sep 14, 2023 were 41.82M with a Short Ratio of 41.82M, compared to 33.4M on Aug 14, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.22% and a Short% of Float of 9.37%.

Dividends & Splits

The current Payout Ratio is 0.00% for CLF, which recently paid a dividend on Apr 14, 2020 with an ex-dividend date of Apr 01, 2020. Stock splits for the company last occurred on May 15, 2008 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.63 and a low estimate of $0.25, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.37, with high estimates of $0.94 and low estimates of $0.08.

Analysts are recommending an EPS of between $1.84 and $1.18 for the fiscal current year, implying an average EPS of $1.43. EPS for the following year is $1.83, with 8 analysts recommending between $2.56 and $0.65.

Revenue Estimates

4 analysts predict $5.58B in revenue for the current quarter. It ranges from a high estimate of $5.67B to a low estimate of $5.46B. As of the current estimate, Cleveland-Cliffs Inc’s year-ago sales were $5.65B, an estimated decrease of -1.30% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $5.21B, an increase of 3.30% over than the figure of -$1.30% in the same quarter last year. There is a high estimate of $5.42B for the next quarter, whereas the lowest estimate is $4.94B.

A total of 7 analysts have provided revenue estimates for CLF’s current fiscal year. The highest revenue estimate was $22.18B, while the lowest revenue estimate was $21.85B, resulting in an average revenue estimate of $22.01B. In the same quarter a year ago, actual revenue was $22.99B, down -4.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $20.89B in the next fiscal year. The high estimate is $22.85B and the low estimate is $19.92B. The average revenue growth estimate for next year is down -5.10% from the average revenue estimate for this year.


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