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Upturn AI Summary - About
Cleveland-Cliffs Inc(CLF)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CLF
11/09/2026: CLF (2-star) is a SELL. SELL for 3 days. Simulated Profits (-20.07%). Updated daily EoD!
Cleveland-Cliffs Inc is a vertically integrated North American steel producer and iron ore miner. Its primary strength lies in its ability to control the supply chain from the mine to finished steel, a model that enhances cost stability. The company's investment story centers on its focus on high-value steel products, such as electrical steel, and long-standing relationships with the automotive sector. Key risks include the cyclical nature of the steel industry, vulnerability to automotive production levels, and significant debt loads from past acquisitions. It may best suit value-oriented investors who can tolerate cyclical volatility, and stakeholders should monitor debt-reduction progress and trade policy developments.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The growth narrative has shifted from rapid acquisition-based expansion to organic efficiency and margin improvement. |
| Momentum investor | Mixed fit | Momentum is highly conditional on steel price spikes and positive industrial macro signals. |
| Value investor | Strong fit | The stock often trades at low valuation multiples due to the cyclicality and commodity-heavy nature of its business. |
| Dividend investor | Weak fit | The company has historically prioritized debt repayment and capital reinvestment over steady dividend growth. |
| Low-risk investor | Weak fit | High volatility associated with commodity pricing and industrial cycles makes it unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Steel prices are highly cyclical and directly impact quarterly earnings and margins. |
| Valuation risk | Medium | Market sentiment often swings significantly, leading to rapid re-valuations based on economic cycles. |
| Competition risk (EAF steel makers) | Medium / high | Lower-cost EAF competitors can exert pricing pressure on commodity steel grades. |
| Business quality | Medium | Integration provides a quality moat, but the capital-intensive nature of steelmaking limits long-term cash returns. |
| Dividend income | Low | Dividends are not the primary focus of the company's capital allocation strategy. |
| Execution risk | Medium | Successfully integrating and maintaining large legacy assets requires consistent operational discipline. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -28.53% | Avg. Invested days 33 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.54B USD | Price to earnings Ratio - | 1Y Target Price 14.35 |
Price to earnings Ratio - | 1Y Target Price 14.35 | ||
Volume (30-day avg) 23.3M shares | Beta 1.98 | 52 Weeks Range 7.73 - 15.35 | Updated Date 11/08/2026 |
52 Weeks Range 7.73 - 15.35 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.83 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Steel Products | Flat-rolled, stainless, and electrical steel products for automotive and infrastructure markets. | This is the core revenue engine driven by industrial and automotive steel demand. |
| Mining and Pelletizing | Iron ore mining in Michigan and Minnesota used for internal steel production and external sales. | This provides cost stability and vertical integration that acts as a hedge against raw material price swings. |
| Geography: North America | Full production and distribution operations within the US and Canada. | Revenue is highly sensitive to US domestic economic and industrial policy. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-19 | When Before Market | Estimate 0.24 | Actual 0.28 |
Profitability
Profit Margin -2.36% | Operating Margin (TTM) 6.7% |
Management Effectiveness
Return on Assets (TTM) -0.11% | Return on Equity (TTM) -7.27% |
Valuation
Trailing PE - | Forward PE 10.42 | Enterprise Value 14.11B | Price to Sales(TTM) 0.33 |
Enterprise Value 14.11B | Price to Sales(TTM) 0.33 | ||
Enterprise Value to Revenue 0.7 | Enterprise Value to EBITDA 14.53 | Shares Outstanding 570.58M | Shares Floating 564.47M |
Shares Outstanding 570.58M | Shares Floating 564.47M | ||
Percent Insiders 0.86 | Percent Institutions 84.15 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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