Cleveland-Cliffs Inc. (CLF) vs National Steel Company (SID)

Cleveland-Cliffs Inc. and National Steel Company are both Steel companies. Cleveland-Cliffs Inc. is the larger, with a market value of $7.2B against $1.5B — 4.9× the size. National Steel Company grew revenue faster over the last twelve months: 9.26% against 4.00%. Cleveland-Cliffs Inc. has the higher net margin (−4.56% vs −5.61%) and the lower return on invested capital (−3.70% vs 3.18%). Across the 19 metrics below, Cleveland-Cliffs Inc. leads on 10 and National Steel Company on 9.

Valuation

Metric CLF SID Steel median
P/E n/m n/m 21.10
P/S 0.36 0.17 0.70
P/B 1.20 0.48 1.39
Price to free cash flow n/m n/m 23.71
EV/EBITDA 52.19 6.66 10.71
EV/Sales 0.77 1.08 0.85
Earnings yield (13.30%) (30.91%) 4.56%
Free cash flow yield (12.32%) (86.32%) 0.00%

Profitability

Metric CLF SID Steel median
Gross margin (1.05%) 27.75% 13.91%
Operating margin (4.15%) 6.41% 4.77%
Net margin (4.56%) (5.61%) 3.40%
Free cash flow margin (4.46%) (13.90%) 0.00%
Return on equity (14.77%) (15.97%) 2.21%
Return on assets (4.32%) (2.54%) 1.83%
Return on invested capital (3.70%) 3.18% 2.52%

Growth

Metric CLF SID Steel median
Revenue growth (TTM) 4.00% 9.26% 11.33%
EPS growth (last fiscal year) (85.35%) 25.00% —
Revenue growth, 5-year CAGR 28.30% 6.59% 6.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CLF SID Steel median
Debt to equity 1.32 3.50 0.22
Current ratio 1.89 1.15 2.58
Net debt to EBITDA (20.92) 4.48 0.10

Dividend

Metric CLF SID Steel median
Dividend yield — 14.27% 2.48%
Payout ratio 0.00 5.08 0.04

Size

Metric CLF SID Steel median
Market cap 7.21b 1.46b 1.46b

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