A Business at a Glance
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Vale S.A.
VALE
$67.1B
Mkt Cap
$14.79
-0.27%
Vale S.A. (VALE) has a current P/E ratio of 11.2, compared to its historical median P/E of 5.5. The stock is currently considered Expensive based on its historical valuation range.
Vale S.A. (VALE) has a 5-year average return on invested capital (ROIC) of 29.1%. This indicates strong capital allocation and a potential competitive advantage.
Vale S.A. (VALE) has a market capitalization of $67.1B. It is classified as a large-cap stock.
Yes, Vale S.A. (VALE) pays a dividend with a trailing twelve-month yield of 5.83%.
Based on historical P/E analysis, Vale S.A. (VALE) appears expensive. The current P/E of 11.2 is 103% above its historical median of 5.5. The estimated fair value CAGR (P/E method) is 17.5%.
Vale S.A. (VALE) operates in the Metal Mining industry, within the Materials sector.
Vale S.A. (VALE) reported annual revenue of $38.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
The following image describes the countries where we have mining or related operations, segregated by segment. The following table presents the breakdown of total net operating revenue attributable to each of our lines of business. Year ended December 31, US$ million % total US$ million % total US$ million % total Iron Solutions Iron ore 24,805 65.2 27,760 66.4 28,188 64.3 Iron ore pellets 5,921 15.6 5,803 13.9 6,256 14.3 Other ferrous products and services 718 1.9 516 1.2 472 1.1 Iron Solutions - total 31,444 82.6 34,079 81.6 34,916 79.6 Energy Transition Metals Nickel and other products 3,666 9.6 5,193 12.4 6,619 15.1 Copper 2,805 7.4 2,376 5.7 1,779 4.1 Other energy transition metals 141 0.4 - - - - Energy Transition Metals - total 6,612 17.4 7,569 18.1 8,398 19.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 38.1B | 38.1B | 41.8B | 43.8B | 54.5B | 39.5B |
| Net Income | 6.0B | 6.0B | 8.1B | 18.9B | 22.5B | 4.5B |
| EPS | $1.32 | $1.32 | $1.79 | $4.16 | $4.95 | $0.95 |
| Free Cash Flow | 9.4B | 9.4B | 13.2B | 11.4B | 21.0B | 11.2B |
| ROIC | -4.5% | 17.3% | 19.8% | 50.5% | 48.4% | 9.6% |
| Gross Margin | 36.2% | 36.2% | 42.3% | 45.2% | 60.1% | 55.6% |
| Debt/Equity | 0.00 | 1.32 | 1.30 | 1.33 | 0.32 | 0.36 |
| Dividends/Share | $0.86 | $0.86 | $1.21 | $1.45 | $2.97 | $0.70 |
| Operating Income | -1.5B | -1.5B | -1.5B | -1.7B | -3.0B | -6.1B |
| Operating Margin | -3.9% | -3.9% | -3.6% | -3.9% | -5.5% | -15.3% |
| ROE | 17.3% | 15.8% | 20.7% | 51.9% | 64.1% | 12.3% |
| Shares Outstanding | 4,539M | 4,539M | 4,539M | 4,539M | 4,539M | 4,779M |
| Metric | 2011 | 2012 | 2015 | 2016 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 62.3B | 48.8B | 23.4B | 27.5B | 34.0B | 36.6B | 36.5B | 39.5B | 54.5B | 43.8B | 41.8B | 38.1B | 38.1B |
| Gross Margin | 59.1% | 45.5% | 19.8% | 35.8% | 38.1% | 39.6% | 47.2% | 55.6% | 60.1% | 45.2% | 42.3% | 36.2% | 36.2% |
| R&D | 1.7B | 1.5B | 395M | 319M | 340M | 373M | 413M | 415M | 549M | 660M | 723M | 790M | 790M |
| SG&A | 2.3B | 2.2B | 612M | 507M | 531M | 523M | 474M | 491M | 481M | 515M | 553M | 622M | 622M |
| EBIT | 30.1B | 9.2B | 577M | -267M | -420M | -445M | -519M | -6.1B | -3.0B | -1.7B | -1.5B | -1.5B | -1.5B |
| Op. Margin | 48.3% | 18.9% | 2.5% | -1.0% | -1.2% | -1.2% | -1.4% | -15.3% | -5.5% | -3.9% | -3.6% | -3.9% | -3.9% |
| Net Income | 13.8B | 3.4B | -12.6B | 4.0B | 5.5B | 6.9B | -2.2B | 4.5B | 22.5B | 18.9B | 8.1B | 6.0B | 6.0B |
| Net Margin | 22.2% | 6.9% | -54.0% | 14.5% | 16.3% | 18.9% | -6.0% | 11.5% | 41.2% | 43.0% | 19.4% | 15.7% | 15.7% |
| Non-Recurring | -223M | 5.4B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 26.4% | 9.3% | 7.3% | -2.4% | 8.4% | 11.6% | -1.1% | 9.6% | 48.4% | 50.5% | 19.8% | 17.3% | -4.5% |
| ROE | 18.9% | 4.5% | N/A | N/A | 12.9% | 15.4% | -5.2% | 12.3% | 64.1% | 51.9% | 20.7% | 15.8% | 17.3% |
| ROA | 10.7% | 2.6% | -159.7% | 54.1% | 5.6% | 7.4% | -2.4% | 4.9% | 24.8% | 21.4% | 9.0% | 6.9% | 7.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 24.5B | 16.6B | 3.9B | 6.4B | 12.4B | 12.9B | 12.1B | 15.4B | 26.0B | 11.4B | 13.2B | 9.4B | 9.4B |
| Free Cash Flow | 8.4B | 818M | -4.2B | 1.4B | 8.6B | 9.1B | 8.6B | 11.2B | 21.0B | 11.4B | 13.2B | 9.4B | 9.4B |
| Owner Earnings | 18.7B | 10.9B | 213M | 2.9B | 8.7B | 9.6B | 8.6B | 12.6B | 23.4B | 8.8B | 10.3B | 6.6B | 6.6B |
| CapEx | 16.1B | 15.8B | 8.1B | 5.0B | 3.8B | 3.8B | 3.5B | 4.2B | 5.0B | 0 | 0 | 0 | 0 |
| Maint. CapEx | 4.1B | 4.4B | 3.7B | 3.5B | 3.7B | 3.4B | 3.5B | 2.7B | 2.6B | 2.7B | 2.8B | 2.8B | 2.8B |
| Growth CapEx | 12.0B | 11.4B | 4.4B | 1.5B | 123M | 433M | 0 | 1.5B | 2.4B | N/A | N/A | N/A | 0 |
| D&A | 4.1B | 4.4B | 3.7B | 3.5B | 3.7B | 3.4B | 3.5B | 2.7B | 2.6B | 2.7B | 2.8B | 2.8B | 2.8B |
| CapEx/OCF | 65.6% | 95.1% | 206.4% | 77.3% | 30.8% | 29.3% | 28.6% | 27.5% | 19.4% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 1.5B | 250M | 1.5B | 3.3B | 0 | 3.4B | 13.5B | 6.6B | 5.5B | 3.9B | 3.9B |
| Dividend Yield | N/A | N/A | 10.4% | 1.9% | 5.7% | 9.0% | N/A | 11.3% | 27.0% | 13.1% | 10.7% | 8.8% | 5.8% |
| Share Buybacks | 3.0B | 0 | 0 | 0 | 0 | 1.0B | 1.0B | 1.0B | 5.5B | 2.8B | 0 | 0 | 0 |
| Buyback Yield | 10.8% | 10.6% | N/A | N/A | N/A | 2.8% | 2.1% | 2.2% | 13.2% | 4.9% | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.7B | 1.3B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 955M | 526M | 2.8B | 7.7B | 7.0B | 7.8B | 3.1B | 6.8B | 930M | 1.3B | 1.9B | 4.9B | 4.9B |
| Balance Sheet | |||||||||||||
| Net Debt | 21.3B | 24.2B | N/A | N/A | 16.5B | 8.7B | 4.5B | -1.0B | -571M | N/A | N/A | N/A | -5.0B |
| Cash & Equiv. | 3.5B | 5.8B | 3.6B | 4.3B | 4.3B | 5.8B | 7.3B | 13.5B | 11.7B | 4.7B | 3.6B | 5.0B | 5.0B |
| Long-Term Debt | 23.0B | 30.3B | N/A | N/A | 20.8B | 14.5B | 11.8B | 12.5B | 11.2B | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.30 | 0.41 | N/A | N/A | 0.46 | 0.32 | 0.30 | 0.36 | 0.32 | 1.33 | 1.30 | 1.32 | 0.00 |
| Interest Coverage | 1771.3 | 1024.8 | 0.0 | -0.1 | -0.1 | -0.2 | -0.1 | -5.2 | -2.4 | -1.5 | -1.0 | -1.0 | -1.0 |
| Equity | 77.7B | 74.2B | N/A | N/A | 44.8B | 44.8B | 39.0B | 34.8B | 35.3B | 37.4B | 41.0B | 34.5B | 34.5B |
| Total Assets | 128.7B | 131.5B | 7.9B | 7.3B | 99.2B | 88.2B | 91.7B | 92.0B | 89.4B | 86.9B | 94.2B | 80.2B | 80.2B |
| Total Liabilities | 49.1B | 55.6B | N/A | N/A | 54.4B | 43.4B | 52.7B | 57.2B | 54.1B | 49.5B | 53.2B | 45.6B | 45.6B |
| Intangibles | 1.1B | 1.0B | 5.3B | 6.9B | 8.5B | 8.0B | 8.5B | 9.3B | 9.0B | 10.2B | 11.6B | 10.5B | 10.5B |
| Retained Earnings | 41.1B | 39.0B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | 10.7B | 10.3B | N/A | N/A | 5.8B | 6.2B | 3.2B | 9.8B | 7.2B | 1.6B | 4.0B | 391M | 391M |
| Current Assets | 21.7B | 22.9B | N/A | N/A | 19.0B | 15.3B | 17.0B | 24.4B | 22.4B | 15.5B | 18.7B | 13.5B | 13.5B |
| Current Liabilities | 11.0B | 12.6B | N/A | N/A | 13.1B | 9.1B | 13.8B | 14.6B | 15.2B | 13.9B | 14.7B | 13.1B | 13.1B |
| Per Share Data | |||||||||||||
| EPS | 4.25 | 1.04 | -2.43 | 0.78 | 1.08 | 1.34 | -0.33 | 0.95 | 4.95 | 4.16 | 1.79 | 1.32 | 1.32 |
| Owner EPS | 5.75 | 3.34 | 0.04 | 0.57 | 1.71 | 1.86 | 1.31 | 2.64 | 5.15 | 1.93 | 2.27 | 1.44 | 1.44 |
| Book Value | 23.86 | 22.80 | N/A | N/A | 8.73 | 8.74 | 5.90 | 7.29 | 7.78 | 8.23 | 9.03 | 7.61 | 7.61 |
| Cash Flow/Share | 7.52 | 5.10 | 0.76 | 1.25 | 2.43 | 2.51 | 1.83 | 3.22 | 5.73 | 2.52 | 2.90 | 2.06 | 1.94 |
| Dividends/Share | N/A | N/A | 0.29 | 0.05 | 0.28 | 0.65 | N/A | 0.70 | 2.97 | 1.45 | 1.21 | 0.86 | 0.86 |
| Shares Out. | 3.3B | 3.3B | 5.2B | 5.1B | 5.1B | 5.1B | 6.6B | 4.8B | 4.5B | 4.5B | 4.5B | 4.5B | 4.5B |
| Valuation | |||||||||||||
| P/E Ratio | 2.0 | 8.4 | N/A | 5.1 | 5.9 | 5.2 | N/A | 10.2 | 1.9 | 3.0 | 7.2 | 6.0 | 11.2 |
| P/FCF | 3.3 | 34.8 | N/A | 14.0 | 3.7 | 3.9 | 5.6 | 4.1 | 2.0 | 5.0 | 4.4 | 3.8 | 7.2 |
| EV/EBIT | 1.6 | 5.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.4 | 0.4 | N/A | N/A | 0.7 | 0.8 | 1.2 | 1.3 | 1.2 | 1.5 | 1.4 | 1.0 | 1.9 |
| Price/Sales | N/A | 0.6 | 0.6 | 0.5 | 0.7 | 1.0 | 1.2 | 0.8 | 0.9 | 1.1 | 1.2 | 1.2 | 1.8 |
| FCF Yield | 30.3% | 2.9% | -50.4% | 7.1% | 26.7% | 25.4% | 17.9% | 24.2% | 50.0% | 20.0% | 22.6% | 26.2% | 14.0% |
| Market Cap | 27.8B | 28.4B | 8.3B | 20.4B | 32.3B | 36.0B | 48.3B | 46.1B | 41.9B | 57.1B | 58.3B | 35.8B | 67.1B |
| Avg. Price | 11.48 | 8.39 | 2.78 | 2.52 | 4.94 | 7.21 | 6.71 | 6.22 | 11.00 | 11.10 | 11.34 | 9.84 | 14.79 |
| Year-End Price | 8.55 | 8.73 | 1.60 | 3.97 | 6.30 | 7.01 | 7.31 | 9.64 | 9.23 | 12.58 | 12.84 | 7.88 | 14.79 |
Vale S.A. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Vale S.A. trades at 11.2x trailing earnings, compared to its 15-year median P/E of 5.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 7.2x vs a median of 4.1x. The company's 5-year average ROIC is 29.1% with a gross margin of 47.9%. Total shareholder yield (dividends) is 5.8%. At current prices, the estimated annualized return to fair value is +4.6%.
Vale S.A. (VALE) has a net profit margin of 15.7%. This is a healthy margin.
Vale S.A. (VALE) generated $9.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Vale S.A. (VALE) has a debt-to-equity ratio of 1.32. This indicates moderate leverage.
Vale S.A. (VALE) reported earnings per share (EPS) of $1.32 in its most recent fiscal year.
Vale S.A. (VALE) has a return on equity (ROE) of 15.8%. This indicates the company generates strong returns for shareholders.
Vale S.A. (VALE) has a 5-year average gross margin of 47.9%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Vale S.A. (VALE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Vale S.A. (VALE) has a book value per share of $7.61, based on its most recent annual SEC filing.