Cleveland-cliffs Inc Intrinsic Value Calculation – Leuthold Group LLC Shows Confidence in Cleveland-Cliffs With June 30, 2023 Stake Purchase
July 5, 2023
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CLEVELAND-CLIFFS ($NYSE:CLF): Leuthold Group LLC has recently made a significant move in the mining industry by investing in Cleveland-Cliffs Inc. This acquisition shows that the company has strong confidence in Cleveland-Cliffs Inc., which is a leading company in the mining industry. The company is engaged in the production and sale of iron ore pellets, primarily serving the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.
Additionally, Cleveland-Cliffs Inc. produces various grades of coal and coke products. The company continues to expand its business throughout the world, offering a full range of integrated mining and processing services. This purchase of Cleveland-Cliffs Inc stock by Leuthold Group LLC indicates that they believe in the company’s strong performance and long-term potential for growth. It also shows that investors are confident in the mining industry and are looking to invest in a high-quality stock with a secure long-term future. Leuthold Group LLC’s purchase of Cleveland-Cliffs Inc stock demonstrates a great confidence in the mining industry and in the company itself. With this purchase, investors are showing that they have faith in the long-term potential of Cleveland-Cliffs Inc and its ability to continue to provide quality products and services.
Stock Price
The stock opened at $16.8 and closed at $16.7, representing a decrease of 0.2% from the previous closing price of $16.8. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cleveland-cliffs Inc. More…
| Total Revenues | Net Income | Net Margin |
| 22.33k | 477 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cleveland-cliffs Inc. More…
| Operations | Investing | Financing |
| 1.85k | -886 | -941 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cleveland-cliffs Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.65k | 10.86k | 15.13 |
Key Ratios Snapshot
Some of the financial key ratios for Cleveland-cliffs Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 116.8% | 27.6% | 4.3% |
| FCF Margin | ROE | ROA |
| 4.3% | 7.7% | 3.2% |
Analysis – Cleveland-cliffs Inc Intrinsic Value Calculation
At GoodWhale, we analyze the wellbeing of CLEVELAND-CLIFFS INC stock to help investors make informed decisions. After an in-depth analysis of the company, our proprietary Valuation Line estimates the fair value of CLEVELAND-CLIFFS INC share to be around $24.1. That said, the stock is currently traded at $16.7, meaning it is undervalued by 30.8%. This could represent an opportunity for investors looking to buy stocks at a discount. However, it is important to take into account other factors such as the company’s performance, outlook and risk profile before making an investment decision. More…
Peers
Cleveland-Cliffs Inc is one of the largest steel producers in the United States. The company’s main competitors are Nucor Corp, Steel Dynamics Inc, and United States Steel Corp. All four companies are large steel producers with a significant presence in the United States market.
– Nucor Corp ($NYSE:NUE)
Nucor Corporation is an American steel producer. Nucor is the largest steel producer in the United States. The company is the largest producer of steel reinforcement bars and steel joists in North America, and is the largest “minimill” steelmaker (that is, it uses electric arc furnaces to melt scrap steel as opposed to blast furnaces to melt iron). Nucor is also North America’s largest recycler of ferrous metals.
– Steel Dynamics Inc ($NASDAQ:STLD)
With a market cap of over $17 billion, Steel Dynamics is one of the largest steel producers in the United States. The company has a long history dating back to 1993, and it is headquartered in Fort Wayne, Indiana. Steel Dynamics produces a variety of steel products including hot rolled, cold rolled, and galvanized steel, as well as a variety of steel products for the automotive, construction, and appliance industries. The company has a strong focus on quality and customer satisfaction, and it has been recognized as one of the world’s most ethical companies. Steel Dynamics has a return on equity of 50.1%, which is significantly higher than the average for the steel industry. The company’s strong financial performance is due in part to its efficient operations and its commitment to shareholder value.
– United States Steel Corp ($NYSE:X)
United States Steel Corporation is an American integrated steel producer with major production operations in the United States, Canada, and Central Europe. The company’s global presence also extends to Mexico and the Caribbean. U. S. Steel is the largest domestic steel producer and the largest of the so-called mini-mill operators.
Summary
Leuthold Group LLC has recently acquired a stake in Cleveland-Cliffs Inc., signaling confidence in the mining industry leader. This injection of new capital is likely to have a positive effect on the company’s financials and operational performance. Analysts are optimistic about the potential for Cleveland-Cliffs Inc. to benefit from the new investment, as well as from the industry’s continued growth. With the right strategies in place, the company could see increased profits and improved market share in the near future.
