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Cleveland-Cliffs (Cleveland-Cliffs) Cyclically Adjusted Price-to-FCF : 14.78 (As of Apr. 27, 2024)


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What is Cleveland-Cliffs Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Cleveland-Cliffs's current share price is $17.88. Cleveland-Cliffs's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.21. Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF for today is 14.78.

The historical rank and industry rank for Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CLF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.51   Med: 4.8   Max: 825
Current: 15.09

During the past years, Cleveland-Cliffs's highest Cyclically Adjusted Price-to-FCF was 825.00. The lowest was 0.51. And the median was 4.80.

CLF's Cyclically Adjusted Price-to-FCF is ranked worse than
60.22% of 269 companies
in the Steel industry
Industry Median: 13.46 vs CLF: 15.09

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cleveland-Cliffs's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.081. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Chart

Cleveland-Cliffs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.36 17.89 554.85 18.27 19.26

Cleveland-Cliffs Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.03 14.83 12.83 19.26 18.82

Competitive Comparison of Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF falls into.



Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.88/1.21
=14.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cleveland-Cliffs's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cleveland-Cliffs's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.081/129.4194*129.4194
=-0.081

Current CPI (Mar. 2024) = 129.4194.

Cleveland-Cliffs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.669 100.560 -0.861
201409 1.038 100.428 1.338
201412 1.332 99.070 1.740
201503 -1.366 99.621 -1.775
201506 -0.251 100.684 -0.323
201509 1.078 100.392 1.390
201512 0.481 99.792 0.624
201603 -0.796 100.470 -1.025
201606 0.528 101.688 0.672
201609 0.319 101.861 0.405
201612 0.883 101.863 1.122
201703 -0.200 102.862 -0.252
201706 0.237 103.349 0.297
201709 0.363 104.136 0.451
201712 0.195 104.011 0.243
201803 -0.721 105.290 -0.886
201806 0.168 106.317 0.205
201809 0.508 106.507 0.617
201812 0.619 105.998 0.756
201903 -0.847 107.251 -1.022
201906 0.335 108.070 0.401
201909 0.279 108.329 0.333
201912 -0.056 108.420 -0.067
202003 -1.013 108.902 -1.204
202006 -0.699 108.767 -0.832
202009 0.378 109.815 0.445
202012 -0.838 109.897 -0.987
202103 -0.902 111.754 -1.045
202106 0.597 114.631 0.674
202109 2.452 115.734 2.742
202112 1.704 117.630 1.875
202203 0.558 121.301 0.595
202206 1.203 125.017 1.245
202209 0.555 125.227 0.574
202212 0.506 125.222 0.523
202303 -0.441 127.348 -0.448
202306 1.471 128.729 1.479
202309 1.189 129.860 1.185
202312 0.964 129.419 0.964
202403 -0.081 129.419 -0.081

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cleveland-Cliffs  (NYSE:CLF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cleveland-Cliffs (Cleveland-Cliffs) Business Description

Industry
Traded in Other Exchanges
Address
200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
Executives
Michael Ralph S Iii director
Goncalves Celso L Jr officer: EVP, CFO 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Arlene M Yocum director 99 PINE STREET, ALBANY NY 12207
Lourenco Goncalves director, officer: Chairman, President & CEO
Keith Koci officer: EVP, Chief Financial Officer ONE RIVERWAY, SUITE 1100, HOUSTON TX 77056
Douglas C Taylor director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Susan Miranda Green director 11211 LANDY COURT, KENSINGTON MD 20895
Janet L Miller director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Fisher Robert P Jr director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067
John T Baldwin director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Arcelormittal North America Holdings Llc other: Former 10% Owner 1 SOUTH DEARBORN STREET, 13TH FLOOR, CHICAGO IL 60603
Rcelormittal other: Former 10% Owner 24-26, BOULEVARD D?AVRANCHES, L-1160 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG N4 00000
Kimberly A Floriani officer: VP, Corp Controller & CAO 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
M Ann Harlan director
William K Gerber director 999 WEST BIG BEAVER ROAD, TROY MI 48084