企業概要
Cleveland-Cliffs Inc. operates as a prominent steel producer serving markets within the United States and Canada, offering a comprehensive portfolio of hot-rolled, cold-rolled, and coated products including aluminized, electrogalvanized, and galvalume varieties, alongside stainless and electrical solutions. The enterprise functions within the Basic Materials sector and specifically the Steel industry, positioning it as a critical supplier for downstream manufacturing and infrastructure development. The company currently commands a market capitalization of $5.26B and generates annual revenue of $18.61B, employing a workforce of 25000 individuals across its operations. These valuation and revenue metrics indicate a substantial market presence that reflects the scale required to compete in the capital-intensive steel manufacturing environment, where operational efficiency and volume are paramount.
財務健全性
The company reported a Total Revenue (TTM) of $18.61B, yet this revenue base supports a Net Income (TTM) of $-1,472,999,936, highlighting a significant disparity that reveals a highly leveraged cost structure where operating expenses and interest obligations substantially erode bottom-line profitability. While the EBITDA stands at $-135,000,000, the Free Cash Flow is $-130,625,000, indicating that the company is currently burning cash rather than generating liquidity for shareholders or debt reduction. The financial margins further illustrate this pressure, with a Gross Margin of -4.6%, an Operating Margin of -6.5%, and a Profit Margin of -7.9%, signaling that the company is not covering its variable production costs or fixed overheads efficiently relative to sales. On the balance sheet, cash holdings of $57.00M are vastly overshadowed by total debt of $7.97B, a situation compounded by a Debt to Equity ratio of 125.97% which characterizes the entity as highly leveraged rather than conservative. Despite the debt burden, the Current Ratio of 1.95 suggests that the company maintains adequate short-term liquidity to meet its immediate obligations using current assets relative to current liabilities. Return on Equity is recorded at -21.6% and Return on Assets at -3.8%, metrics that collectively reveal that management effectiveness has been compromised by losses, resulting in negative returns on both shareholder capital and the total asset base utilized to generate revenue.
バリュエーション評価
The valuation metrics present a complex picture, with a Trailing P/E Ratio (TTM) listed as N/A due to the lack of positive earnings, while the Forward P/E is 13.42, implying that the market prices in expected future earnings recovery despite current losses. The Price to Book ratio of 0.86 indicates that the company's market value trades below its book value, suggesting the market does not currently assign a premium to the underlying net asset position. Alternative valuation measures such as a Price to Sales ratio of 0.28 and an EV/EBITDA of -99.11 further suggest that traditional multiple-based comparisons are distorted by the negative earnings environment, requiring reliance on sales-based or forward-looking multiples. In terms of price movement, the 52-Week High is $16.70 and the 52-Week Low is $5.63, meaning the stock is currently trading within a compressed range that reflects high volatility and uncertainty. The Beta value of 1.92 indicates that the stock's price volatility is nearly double that of the broader market, exposing investors to significant swings in value that are amplified by sector-specific risks.
Growth & Income
The revenue growth rate year-over-year stands at -0.3%, while earnings growth is N/A, indicating that the company is struggling to expand its top line and lacks positive earnings momentum to drive further growth. Since the company does not pay dividends, as evidenced by a Dividend Yield of N/A and a Payout Ratio of 0.0%, the firm retains its limited cash flow and reinvests earnings into operational growth or debt management rather than distributing income to shareholders. The absence of a dividend payout in conjunction with negative earnings growth suggests a focus on survival and restructuring rather than returning capital to investors. Overall, the growth and income profile is characterized by contraction in revenue, negative earnings expansion potential, and a complete absence of dividend income, reflecting a capital preservation phase typical of cyclical industries facing downturns.