Cleveland-cliffs Inc Intrinsic Value Calculator – Cleveland-Cliffs Poised for Bright Future in Q4 2023 and FY 2024
November 29, 2023
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CLEVELAND-CLIFFS ($NYSE:CLF): Cleveland-Cliffs Inc has had a remarkable year, and is poised for an even brighter future in the fourth quarter of 2023 and fiscal year 2024. Cleveland-Cliffs Inc is a leading supplier of iron ore pellets to the North American steel industry, providing raw materials for blast furnaces throughout the U.S. and Canada. The company’s operations are located in Michigan, Minnesota, and Eastern Canada, and the company also owns a pig iron plant in Toledo, Ohio.
In addition, Cleveland-Cliffs Inc has recently announced investments in renewable energy, further demonstrating its commitment to sustainability and environmental responsibility. The outlook for Cleveland-Cliffs Inc is promising as the company is well-positioned to benefit from the current improving demand for steel and other commodities. In particular, Cleveland-Cliffs Inc has recently announced investments in new mines and projects that will increase production capacity while also reducing costs. In addition, with higher demand for steel, the company can expect increased revenues from its iron ore pellets sales. Cleveland-Cliffs Inc is also taking steps to strengthen its balance sheet and increase shareholder returns. This will provide additional resources for other strategic investments as well as providing liquidity to shareholders. Furthermore, Cleveland-Cliffs Inc is also exploring options to increase investment and production efficiency through the use of technology. With its commitment to sustainability, strong balance sheet, and strategic investments, Cleveland-Cliffs Inc appears to have a bright future ahead.
Share Price
Cleveland-Cliffs Inc. (CLF) is poised for a bright future in the fourth quarter of 2023 and fiscal year 2024. On Monday, CLF stock opened at $16.8 and closed at $16.8, indicating a modest 0.3% growth from the prior closing price of $16.8. This positive momentum could be indicative of the company’s strong prospects for the near future. CLF is focused on the production of iron ore pellets, and their demand in the steel-making industry continues to remain strong. The company is also expanding its operations to include the extraction of nickel and platinum group metals from mines in the US and Canada, which could potentially increase their revenue in future quarters.
CLF is also making investments into renewable energy sources, which has the potential to drastically reduce costs and benefit shareholders alike. Overall, CLF is well-positioned to report strong financial results in the fourth quarter of 2023 and FY 2024. The company’s investments into long-term projects such as renewable energy, and its diversification into other areas such as nickel and platinum group metals extraction, could provide a competitive edge in the global market. This could lead to improved financial results for investors in the near future. 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 |
| 21.93k | 340 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cleveland-cliffs Inc. More…
| Operations | Investing | Financing |
| 2.1k | -679 | -1.45k |
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 |
| 18.06k | 9.79k | 15.77 |
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 |
| 82.1% | 65.4% | 3.7% |
| FCF Margin | ROE | ROA |
| 6.4% | 6.4% | 2.8% |
Analysis – Cleveland-cliffs Inc Intrinsic Value Calculator
At GoodWhale, we have performed a comprehensive analysis of the fundamentals of CLEVELAND-CLIFFS INC. After assessing various factors, we have determined that the fair value of the company’s shares is around $22.5. This is based on our proprietary Valuation Line. Currently, the stock is trading at $16.8, which is 25.2% lower than our fair valuation. Thus, our analysis leads us to believe that CLEVELAND-CLIFFS INC is currently undervalued in the markets. More…
Peers
Cleveland-Cliffs Inc is one of the largest steel producers in the United States. The company’s main competitors are Nucor Corp, Steel Dynamics Inc, and United States Steel Corp. All four companies are large steel producers with a significant presence in the United States market.
– Nucor Corp ($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
Cleveland-Cliffs Inc. is expected to have a strong fourth quarter of 2023 and fiscal year 2024, according to recent investment analysis. The company’s stock has been climbing in the last few months due to its growth in the steel market, driven by higher demand in the automotive industry. Investors are optimistic about Cleveland-Cliffs’ future, with its cost-cutting efforts and its strong balance sheet providing a buffer against potential downturns.
Additionally, the company is likely to benefit from an expected uptick in iron ore prices. These factors should allow Cleveland-Cliffs to remain profitable and continue to grow in the coming years.
