CLIFFS NATURAL RES
CLIFFS NATURAL RES operates in Diversified Metals & Mining.
CLIFFS NATURAL RES (CVA) - Net Assets
Latest net assets as of September 2024: €7.09 Billion EUR
Based on the latest financial reports, CLIFFS NATURAL RES (CVA) has net assets worth €7.09 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€16.80 Billion) and total liabilities (€9.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.09 Billion |
| % of Total Assets | 42.24% |
| Annual Growth Rate | N/A |
| 5-Year Change | 2169.35% |
| 10-Year Change | N/A |
| Growth Volatility | 212.17 |
CLIFFS NATURAL RES - Net Assets Trend (2016–2023)
This chart illustrates how CLIFFS NATURAL RES's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CLIFFS NATURAL RES (2016–2023)
The table below shows the annual net assets of CLIFFS NATURAL RES from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €8.12 Billion | +0.99% |
| 2022-12-31 | €8.04 Billion | +39.28% |
| 2021-12-31 | €5.77 Billion | +146.65% |
| 2020-12-31 | €2.34 Billion | +554.09% |
| 2019-12-31 | €357.90 Million | -15.63% |
| 2018-12-31 | €424.20 Million | +195.52% |
| 2017-12-31 | €-444.10 Million | +66.62% |
| 2016-12-31 | €-1.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CLIFFS NATURAL RES's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 630730000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.73 Billion | 21.97% |
| Other Components | €6.15 Billion | 78.03% |
| Total Equity | €7.89 Billion | 100.00% |
CLIFFS NATURAL RES Competitors by Market Cap
The table below lists competitors of CLIFFS NATURAL RES ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DTF Tax Free Income Closed Fund
NYSE:DTF
|
$112.95K |
|
PHOENIX BEVERAGES LTD
SEM:PBL
|
$113.07K |
|
GLOG11
SA:GLOG11
|
$113.11K |
|
AVALA RES
F:CVJ
|
$113.22K |
|
Alliance Trust PLC
PINK:ALITF
|
$112.87K |
|
Hub Cyber Security Ltd. Warrant 8/22/23
NASDAQ:HUBCZ
|
$112.85K |
|
Castle Peak Mining Ltd
PINK:CPKOF
|
$112.73K |
|
LORDS CO. WORLDW. HOLD.
F:4XM
|
$112.71K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CLIFFS NATURAL RES's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 7,791,000,000 to 7,887,000,000, a change of 96,000,000 (1.2%).
- Net income of 399,000,000 contributed positively to equity growth.
- Share repurchases of 152,000,000 reduced equity.
- Other factors decreased equity by 151,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €399.00 Million | +5.06% |
| Share Repurchases | €152.00 Million | -1.93% |
| Other Changes | €-151.00 Million | -1.91% |
| Total Change | €- | 1.23% |
Book Value vs Market Value Analysis
This analysis compares CLIFFS NATURAL RES's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €-1.49 | €11.37 | x |
| 2018-12-31 | €1.45 | €11.37 | x |
| 2019-12-31 | €1.33 | €11.37 | x |
| 2020-12-31 | €4.23 | €11.37 | x |
| 2021-12-31 | €10.98 | €11.37 | x |
| 2022-12-31 | €15.18 | €11.37 | x |
| 2023-12-31 | €15.62 | €11.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CLIFFS NATURAL RES utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.81%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 2.22x
- Recent ROE (5.06%) is below the historical average (52.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 8.26% | 1.10x | 0.00x | €320.53 Million |
| 2017 | 0.00% | 15.75% | 0.79x | 0.00x | €411.43 Million |
| 2018 | 265.94% | 48.37% | 0.66x | 8.32x | €1.09 Billion |
| 2019 | 81.81% | 14.71% | 0.57x | 9.79x | €257.01 Million |
| 2020 | -6.05% | -2.28% | 0.32x | 8.31x | €-323.80 Million |
| 2021 | 54.43% | 14.62% | 1.08x | 3.46x | €2.44 Billion |
| 2022 | 17.14% | 5.81% | 1.23x | 2.41x | €555.90 Million |
| 2023 | 5.06% | 1.81% | 1.25x | 2.22x | €-389.70 Million |
Industry Comparison
This section compares CLIFFS NATURAL RES's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CLIFFS NATURAL RES (CVA) | €7.09 Billion | 0.00% | 1.37x | $112.91K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |