Cleveland-Cliffs stock analysis
Cleveland-Cliffs (CVA) Stock Price & Analysis
CVA Stock Chart & Stats
- Day’s Range
- EUR 11.71 - EUR 11.86
- 52-Week Range
- EUR 6.53 - EUR 13.32
- Previous Close
- EUR 11.60
- Volume
- N/A
- Average Volume (3M)
- 249
- Market Cap
- EUR 6.61B
- Enterprise Value
- EUR 14.17B
- Total Cash (Recent Filing)
- EUR 77.00M
- Total Debt (Recent Filing)
- EUR 7.64B
- Price to Earnings (P/E)
- ―
- Beta
- 1.11
- Next Earnings
- Feb 15, 2027 (Est.)
- EPS Estimate
- 0.34
- Last Dividend Ex-Date
- Apr 02, 2020
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Vertical Integration
Vertical integration gives Cleveland-Cliffs internal access to iron ore and pellets, reducing reliance on third-party raw-material purchases and supporting supply stability. This structure can improve cost control and reinforce the company’s position across the steel value chain over multiple quarters.
Contracted Revenue Quality
Strong contract renewals and increasing customer acceptance of take-or-pay minimums can make demand more predictable and improve revenue visibility. Index-based pricing and higher committed volumes may also protect earnings quality as the company manages steel-market cyclicality.
Capacity And Product Expansion
New electrical-steel capacity and additional automotive galvanizing capability expand Cleveland-Cliffs’ product reach in specialized markets. These projects can support higher-value sales, deepen customer relationships, and strengthen long-term competitiveness beyond commodity steel volumes.
Bears Say
Thin Profitability
Very thin margins and continued net losses indicate that Cleveland-Cliffs has not yet restored the earnings power achieved earlier in the cycle. Limited profitability leaves less cushion against weaker steel prices or higher costs and makes sustained reinvestment more difficult.
Elevated Leverage
Debt materially exceeds the equity base, which reduces financial flexibility while operating profitability remains pressured. Although management targets deleveraging, elevated leverage can constrain capital allocation, increase balance-sheet sensitivity to steel cycles, and delay recovery in shareholder returns.
Weak Free Cash Flow
Negative free cash flow and only modest operating cash generation weaken the company’s ability to reduce debt through internal funds. The reversal from stronger cash generation in 2021–2023 suggests that deleveraging depends on a durable earnings recovery and improved working-capital performance.
Cleveland-Cliffs News
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Cleveland-Cliffs Stock Smart Score
Company Description
Cleveland-Cliffs
Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.
- Sector
- Basicmaterials
- Industry
- Steel
- CEO
- C. Lourenco Goncalves
- Employees
- 25,000
- Website
- www.clevelandcliffs.com
- Address
- 200 Public Square, Cleveland, OH, 44114-2315, US
Cleveland-Cliffs (CVA) Earnings & Revenues
CVA Company Deck
CVA Earnings Call
Earnings Call SentimentPositive
The call was strongly optimistic, with Q3 adjusted EBITDA more than doubling sequentially, improving prices and costs, strong contract renewals, supportive U.S. trade conditions, a favorable 2027 outlook, and a stated path to substantial debt reduction. The main challenges were Stelco's exposed galvanized-steel business and temporary layoffs, the still-idled Dearborn furnace, higher expected Q4 costs, working-capital use, delayed asset-sale closings, and unresolved labor negotiations. The positive operational, commercial, and financial developments significantly outweighed the disclosed challenges.
View all DE:CVA earnings summariesCVA Net sales Breakdown
- 97.36% Steelmaking
- 2.64% Other Businesses
CVA Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 5 | 2 |
| Technical Analysis | 4 | 5 | 1 |
| Moving Averages | 11 | 0 | 1 |
