Ndalama zomwe kampani ya Cleveland Cliffs (NYSE:CLF) yapeza mu kotala yachiwiri zidaposa ndalama zomwe inapeza koma sizinafike pa zomwe inayembekezera pa EPS ndi -13.7%. Kodi masheya a CLF ndi ndalama zabwino zoyikira?
Cleveland-Cliffs (NYSE:CLF) lero yalengeza za phindu la kotala yachiwiri yomwe inatha pa June 30, 2022. Ndalama zomwe zinapezeka mu kotala yachiwiri ya $6.3 biliyoni zinaposa zomwe akatswiri a FactSet ananeneratu za $6.12 biliyoni, zomwe zinakwera ndi 3.5% mosayembekezereka. Ngakhale kuti EPS ya $1.14 siili yofanana ndi zomwe anthu ambiri ananeneratu za $1.32, ndi kusiyana kokhumudwitsa kwa -13.7%.
Magawo a kampani yopanga zitsulo ya Cleveland-Cliffs Inc (NYSE:CLF) atsika ndi oposa 21% chaka chino.
Kampani ya Cleveland-Cliffs Inc (NASDAQ: CLF) ndi kampani yayikulu kwambiri yopanga zitsulo zosalala ku North America. Kampaniyi imapereka ma pellets achitsulo ku makampani opanga zitsulo ku North America. Imagwira ntchito yopanga zitsulo ndi coke, kupanga zitsulo, zitsulo, zinthu zokulungidwa ndi zomalizidwa, komanso zida zomangira mapaipi, zomata ndi zida.
Kampaniyo yaphatikizidwa molunjika kuyambira pa zipangizo zopangira, kuchepetsa mwachindunji ndi zinyalala mpaka kupanga zitsulo zoyambirira ndi kumaliza, kupondaponda, kugwiritsa ntchito zida ndi mapaipi.
Cliffs idakhazikitsidwa mu 1847 ngati kampani yoyendetsa migodi yomwe likulu lake lili ku Cleveland, Ohio. Kampaniyo ili ndi anthu pafupifupi 27,000 ku North America.
Kampaniyi ndi yomwenso ndi kampani yayikulu kwambiri yogulitsa zitsulo ku makampani opanga magalimoto ku North America. Imatumikira misika ina yambiri yokhala ndi zinthu zosiyanasiyana zachitsulo chosalala.
Kampani ya Cleveland-Cliffs yalandira mphoto zingapo zapamwamba zamakampani chifukwa cha ntchito yake mu 2021 ndipo inali pa nambala 171 pamndandanda wa 2022 wa Fortune 500.
Ndi kugula kwa ArcelorMittal USA ndi AK Steel (yomwe idalengezedwa mu 2020) komanso kumalizidwa kwa fakitale yochepetsera mwachindunji ku Toledo, Cleveland-Cliffs tsopano ndi bizinesi yachitsulo chosapanga dzimbiri yolumikizidwa molunjika.
Tsopano ili ndi ubwino wapadera wodzidalira, kuyambira kukumba zinthu zopangira mpaka zinthu zachitsulo, zigawo za machubu, kupondaponda ndi kugwiritsa ntchito zida.
Izi zikugwirizana ndi zotsatira za theka la chaka za CLF za ndalama zokwana $12.3 biliyoni ndi $1.4 biliyoni. Ndalama zomwe zinapezeka pa gawo lililonse zinali $2.64. Poyerekeza ndi miyezi isanu ndi umodzi yoyambirira ya 2021, kampaniyo inapeza ndalama zokwana $9.1 biliyoni ndi $852 miliyoni, kapena $1.42 pa gawo lililonse lochepetsedwa.
Cleveland-Cliffs inanena kuti ndalama zokwana $2.6 biliyoni mu EBITDA yosinthidwa ya theka loyamba la 2022, kuchokera pa $1.9 biliyoni chaka ndi chaka.
Zotsatira zathu za kotala lachiwiri zikusonyeza kupitiliza kugwiritsa ntchito njira yathu. Kuyenda kwa ndalama kwaulere kwachulukira kawiri kotala pa kotala, ndipo tinatha kuchepetsa ngongole zathu zazikulu kwambiri kotala kuyambira pomwe tinayamba kusintha zaka zingapo zapitazo, pomwe tikupereka phindu lolimba pa equity kudzera mu kugulanso magawo.
Tikuyembekeza kuti ndalama zaulere izi zipitirire pamene tikulowa mu theka lachiwiri la chaka, chifukwa cha zofunikira zochepa za capex, kutulutsidwa mwachangu kwa ndalama zogwirira ntchito komanso kugwiritsa ntchito kwambiri mapangano ogulitsa mitengo yokhazikika. Kuphatikiza apo, tikuyembekeza kuti ASPs ya mapangano okhazikika awa adzakwera kwambiri pambuyo pokonzanso pa 1 Okutobala.
$23 miliyoni, kapena $0.04 pa gawo lililonse lochepetsedwa, kutsika kwa mtengo kunawonjezeka chifukwa cha nthawi yosatha ya fakitale yopangira makeke ku Middletown.
Cleveland-Cliffs imapanga ndalama pogulitsa mitundu yonse ya zitsulo. Makamaka, zokulungidwa ndi kutentha, zokulungidwa ndi kuzizira, zophimbidwa, zosapanga dzimbiri / zamagetsi, mapepala ndi zina zachitsulo. Misika yomaliza yomwe imatumikira ikuphatikizapo magalimoto, zomangamanga ndi zopangira, ogulitsa ndi opanga zitsulo, ndi opanga zitsulo.
Malonda onse achitsulo mu kotala lachiwiri anali matani 3.6 miliyoni, kuphatikizapo 33% yokutidwa, 28% yotenthedwa, 16% yozizira, 7% mbale zolemera, 5% zitsulo zosapanga dzimbiri ndi zamagetsi, ndi 11% zinthu zina, kuphatikizapo mbale ndi njanji.
Masheya a CLF amagulitsa pa chiŵerengero cha mtengo-ku-phindu (P/E) cha 2.5 poyerekeza ndi avareji ya makampani ya 0.8. Chiŵerengero chake cha mtengo-ku-buku (P/BV) cha 1.4 ndi chapamwamba kuposa avareji ya makampani ya 0.9. Masheya a Cleveland-Cliffs sapereka magawo kwa eni masheya.
Chiŵerengero cha Net Debt to EBITDA chimatipatsa lingaliro la nthawi yomwe zidzatenge kuti kampani ilipire ngongole yake. Chiŵerengero cha Net Debt/EBITDA cha magawo a CLF chinatsika kuchoka pa 12.1 mu 2020 kufika pa 1.1 mu 2021. Chiŵerengero chapamwamba mu 2020 chinali chifukwa cha kugula. Zisanachitike izi, chinakhalabe pa 3.4 kwa zaka zitatu zotsatizana. Kukhazikika kwa chiŵerengero cha Net Debt to EBITDA kunatsimikizira eni masheya.
Mu kotala lachiwiri, mtengo wogulitsa zitsulo (COGS) unaphatikizapo ndalama zokwana $242 miliyoni zomwe zinagwiritsidwa ntchito powonjezera/zosabwerezabwereza. Gawo lalikulu la izi likukhudzana ndi kukulitsa nthawi yogwira ntchito ku Blast Furnace 5 ku Cleveland, komwe kumaphatikizapo kukonzanso kwina kwa malo oyeretsera zinyalala ndi malo opangira magetsi.
Kampaniyo idawonanso kukwera kwa mtengo kotala ndi chaka chilichonse pamene mitengo ya gasi wachilengedwe, magetsi, zinyalala ndi zitsulo zinakwera.
Chitsulo ndi gawo lofunika kwambiri pakusintha kwa mphamvu padziko lonse lapansi, zomwe zimatsimikizira kuti magawo a CLF azikhala okhazikika mtsogolo. Kupanga mphamvu ya mphepo ndi dzuwa kumafuna chitsulo chambiri.
Kuphatikiza apo, zomangamanga zapakhomo ziyenera kukonzedwanso kuti pakhale malo ogwiritsira ntchito mphamvu zoyera. Izi ndi zabwino kwambiri kwa magawo a Cleveland-Cliffs, omwe ali ndi mwayi wabwino wopindula ndi kufunikira kwa chitsulo chapakhomo.
Utsogoleri wathu mumakampani opanga magalimoto umatisiyanitsa ndi makampani ena onse opanga zitsulo ku United States. Mkhalidwe wa msika wa zitsulo m'chaka chathachi ndi theka wakhala ukuyendetsedwa kwambiri ndi makampani omanga, pomwe makampani opanga magalimoto akhala akutsalira kwambiri, makamaka chifukwa cha mavuto osakhala achitsulo. Komabe, kufunikira kwa magalimoto, ma SUV ndi malole kwakhala kwakukulu chifukwa kufunikira kwa magalimoto kwapitirira kupanga kwa zaka zoposa ziwiri.
Pamene makasitomala athu a magalimoto akupitiliza kuthana ndi mavuto okhudzana ndi kugulitsa zinthu, kufunikira kwa magalimoto amagetsi komwe kukuchulukirachulukira kukukwera, ndipo kupanga magalimoto okwera anthu kukuchulukirachulukira, Cleveland-Cliffs idzakhala wopindula kwambiri ndi kampani iliyonse yachitsulo ku US. M'zaka zotsala za chaka chino ndi chaka chamawa, kusiyana kwakukulu kumeneku pakati pa bizinesi yathu ndi opanga zitsulo ena kuyenera kuonekera.
Kutengera ndi momwe zinthu zilili panopa mu 2022, izi zikutanthauza kuti mtengo wapakati wa HRC index udzakhala $850 pa tani imodzi chaka chisanathe, ndipo Cleveland-Cliffs ikuyembekeza kuti mtengo wapakati wogulitsa mu 2022 udzakhala pafupifupi $1,410 pa tani imodzi. Kuwonjezeka kwakukulu kwa mapangano amitengo yokhazikika, omwe kampaniyo ikuyembekeza kukambirananso pa Okutobala 1, 2022.
Kampani ya Cleveland-Cliffs ndi kampani yomwe ikukumana ndi kufunikira kosinthasintha. Izi zikutanthauza kuti ndalama zomwe amapeza zimatha kusinthasintha, ndichifukwa chake mtengo wa magawo a CLF umasinthasintha.
Katundu wakwera pamene mitengo ikukwera chifukwa cha kusokonekera kwa unyolo wogulira zinthu komwe kwakulitsidwa ndi mliriwu ndi nkhondo ku Ukraine. Koma tsopano kukwera kwa mitengo ndi chiwongola dzanja chokwera zikukweza mantha a kusakhazikika kwachuma padziko lonse lapansi, zomwe zikupangitsa kuti kufunikira kwamtsogolo kusadziwike.
M'zaka zaposachedwapa, Cleveland-Cliffs yasintha kuchoka pa kampani yopanga zinthu zosiyanasiyana zopangira zitsulo kukhala kampani yopanga zitsulo zachitsulo zakomweko ndipo tsopano ndi kampani yopanga zinthu zambiri zopangidwa ndi zitsulo ku US ndi Canada.
Kwa omwe amalonda nthawi yayitali, masheya a Cleveland-Cliffs angawoneke okongola. Lakhala bungwe lolimba lomwe lingathe kukula bwino kwa nthawi yayitali.
Russia ndi Ukraine ndi mayiko awiri mwa mayiko asanu otsogola padziko lonse lapansi omwe amagulitsa zitsulo kunja. Komabe, Cleveland-Cliffs sadalira chilichonse mwa izi, zomwe zimapatsa masheya a CLF mwayi waukulu kuposa ena.
Komabe, ngakhale kuti padziko lonse lapansi pali kusatsimikizika, zolosera za kukula kwachuma sizikudziwika bwino. Chidaliro mu gawo la mafakitale chinachepa pamene nkhawa za kusakhazikika kwachuma zikupitilira kuyika mavuto pa masheya azinthu.
Makampani opanga zitsulo ndi bizinesi yozungulira ndipo ngakhale pali umboni wamphamvu wakuti pali kuwonjezeka kwina kwa masheya a CLF, tsogolo silikudziwika. Kaya muyenera kuyika ndalama mu masheya a Cleveland-Cliffs kapena ayi zimadalira chilakolako chanu chofuna kuyika ndalama komanso nthawi yomwe mukuyembekezera kuyika ndalama.
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Sitilamulidwa ndi Financial Conduct Authority. Simungathe kupereka madandaulo ku Financial Ombudsman Service kapena kupempha chipukuta misozi kuchokera ku Financial Services Compensation Scheme. Mtengo wa ndalama zonse zomwe mwaikamo ukhoza kukwera kapena kutsika, kotero mutha kutaya zina kapena zonse zomwe mwaikamo. Kuchita bwino kwakale si chizindikiro cha momwe zinthu zidzayendere mtsogolo.
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