Replies to post #23854 on The Rising Influence of Rising Affluence

[10nisman]

In all likelihood, CLF will handily exceed the new 2021 EBITDA guidance of $3.5B (#msg-162886757).

Fully agree. What is your estimate of share price fair value or fair value range for CLF's (prior to any change in tax rates)?


I've not looked at the most recent filings, but an EV at 7-8x EBITDA (using FY 2021 guidance of $3.5 billion) less say $10 billion of debt and 500 million shares outstanding = $29-36/share. There would appear to be plenty of upside from current levels without considering any upside beat to guidance.

[DewDiligence]

(From_4/1/21_post):

In all likelihood, CLF will handily exceed the new 2021 EBITDA guidance of $3.5B.

That was an easy call to make!