Cleveland Cliffs Net Income vs. Current Valuation
| CLF Stock | USD 12.05 0.44 3.52% |
Net Income | First Reported 1990-03-31 | Previous Quarter 2 M | Current Value -242 M | Quarterly Volatility 577.5 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.0601 | 0.0632 |
|
|
For Cleveland Cliffs profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cleveland Cliffs to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cleveland Cliffs utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cleveland Cliffs's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cleveland Cliffs over time as well as its relative position and ranking within its peers.
Cleveland |
Cleveland Cliffs' Revenue Breakdown by Earning Segment
Check out Trending Equities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share (0.94) | Revenue Per Share 41.222 | Quarterly Revenue Growth (0.18) | Return On Assets 0.005 |
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cleveland Cliffs Current Valuation vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cleveland Cliffs's current stock value. Our valuation model uses many indicators to compare Cleveland Cliffs value to that of its competitors to determine the firm's financial worth. Cleveland Cliffs is number one stock in net income category among its peers. It also is the top company in current valuation category among its peers reporting about 22.01 of Current Valuation per Net Income. At this time, Cleveland Cliffs' Net Income is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Cleveland Cliffs by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Cleveland Current Valuation vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Cleveland Cliffs |
| = | 450 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Cleveland Cliffs |
| = | 9.9 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Cleveland Current Valuation vs Competition
Cleveland Cliffs is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 10.16 Billion. Cleveland Cliffs totals roughly 9.9 Billion in current valuation claiming about 98% of all equities under Materials industry.
Cleveland Cliffs Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cleveland Cliffs, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cleveland Cliffs will eventually generate negative long term returns. The profitability progress is the general direction of Cleveland Cliffs' change in net profit over the period of time. It can combine multiple indicators of Cleveland Cliffs, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 1.7 B | 1.7 B | |
| Operating Income | 677 M | 710.9 M | |
| Income Before Tax | 597 M | 626.9 M | |
| Total Other Income Expense Net | -80 M | -84 M | |
| Net Income | 450 M | 472.5 M | |
| Income Tax Expense | 148 M | 155.4 M | |
| Net Income Applicable To Common Shares | 1.5 B | 1.6 B | |
| Net Income From Continuing Ops | 449 M | 471.4 M | |
| Non Operating Income Net Other | 152.9 M | 160.6 M | |
| Interest Income | 317.4 M | 222.8 M | |
| Net Interest Income | -289 M | -303.4 M | |
| Change To Netincome | 100.8 M | 95.8 M | |
| Net Income Per Share | 0.78 | 0.82 | |
| Income Quality | 5.04 | 5.29 | |
| Net Income Per E B T | 0.67 | 0.66 |
Cleveland Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cleveland Cliffs. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cleveland Cliffs position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cleveland Cliffs' important profitability drivers and their relationship over time.
Use Cleveland Cliffs in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cleveland Cliffs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.Cleveland Cliffs Pair Trading
Cleveland Cliffs Pair Trading Analysis
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cleveland Cliffs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cleveland Cliffs to buy it.
The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland Cliffs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cleveland Cliffs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Cleveland Cliffs position
In addition to having Cleveland Cliffs in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Tech Funds Thematic Idea Now
Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
To fully project Cleveland Cliffs' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cleveland Cliffs at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cleveland Cliffs' income statement, its balance sheet, and the statement of cash flows.