Stock AnalizCleveland-cliffs Inc. CLF
Metal Mining · data as of November 13, 2026
Cleveland-cliffs Inc. (CLF) is a materials company listed in the US with a market value of about $7.2B. In the twelve months to September 30, 2026 it had revenue of $20.1B and net income of -$473M, a net margin of -2.4%.
Its overall Stock Analiz score is 0.6 out of 5 (weak). The strongest part is shareholder returns (2/5); the weakest is value (0/5).
Key numbers: 5-year revenue growth of 28% a year, a 5-year average ROIC of 7%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 28% below the current price.
Score: 0.6 / 5
Checks passed
- 5-year revenue growth above 8% a year
- Share count down over 3 years (buybacks)
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.1B | $18.6B | $19.2B | $22.0B | $23.0B | $20.4B | $5.4B | $2.0B | $2.3B | $2.1B | $1.9B |
| Net income | -$473M | -$1.5B | -$760M | $385M | $1.3B | $3.0B | -$122M | $293M | $1.1B | $367M | $174M |
| Free cash flow | -$485M | -$1.0B | -$590M | $1.6B | $1.5B | $2.1B | -$783M | -$88M | $183M | $203M | $296M |
| EPS (diluted) | $-0.83 | $-2.91 | $-1.58 | $0.75 | $2.55 | $5.36 | $-0.32 | $1.03 | $3.71 | $1.26 | $0.87 |
| Net margin | -2.4% | -7.9% | -4.0% | 1.8% | 5.8% | 14.6% | -2.3% | 14.7% | 48.4% | 17.6% | 9.1% |
| ROIC | — | -8.2% | -4.1% | 4.4% | 12.1% | 29.1% | -1.5% | 15.6% | 21.1% | 16.6% | 14.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 10 analysts is $14.35, 13% above the current price; targets range from $12.00 to $18.00; the consensus rating is “Hold”; expected EPS is $0.10 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Cleveland-cliffs stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 28% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Cleveland-cliffs pay a dividend?
Not currently.
Is Cleveland-cliffs a good stock to buy?
We do not give buy or sell advice. Cleveland-cliffs scores 0.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.