Vale S.A.

Vale S.A.

11.43
USD
+0.45
(+4.10%)
0.09EPS
84.06P/E
56.91BMarket Cap
Feb 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.1
6.97
4.55
5.35
6.56
7.06
7.19
7.73
10.9
9.48
9.61
8.93
9.02
9.73
Basic EPS, GAAP
0.11
0.13
-2.36
0.77
1.06
1.32
-0.33
0.95
4.49
4.06
1.84
1.45
0.55
0.16
Free Cash Flow per Basic Share
0.33
0.26
-0.81
0.28
1.66
2.49
2.38
2.8
5.14
2.48
1.67
0.68
0.66
1.44
Dividend per Share
0.88
0.83
0.29
0.05
0.28
0.64
- -
0.65
2.7
1.43
1.27
0.92
0.84
1.06
Book Value per Share
7.87
6.23
2.04
3.1
8.39
8.6
7.84
6.99
7.14
8.02
9.2
7.85
7.87
8.86
Tangible Book Value per Share
6.53
4.91
1.01
1.77
6.75
7.05
6.17
5.17
5.28
5.73
6.49
5.38
5.77
6.65
Basic Weighted Avg Shares
5,139
5,040
5,139
5,139
5,181
5,182
5,086
5,115
4,998
4,625
4,350
4,263
4,257
4,256
Sales/Revenue/Turnover
46,767
35,124
23,384
27,488
33,967
36,575
36,549
39,545
54,502
43,839
41,784
38,056
38,403
41,415
Operating Margin (%)
37.08
25.61
10.87
30.66
33.59
35.74
41.08
49.54
56.59
40.59
37.95
29.17
29.54
25.36
Depreciation Expense
4,150
3,869
3,719
3,487
3,708
3,351
3,489
3,215
3,034
3,171
3,070
3,057
3,105
3,542
Net Income, GAAP
584
657
-12,129
3,982
5,507
6,860
-1,683
4,881
22,445
18,788
7,983
6,166
2,352
679
Effective Tax Rate (%)
94.37
57.37
- -
34.83
19.1
- -
- -
10.52
15.9
15.02
27.32
10.77
57.38
89.44
Profit Margin (%)
1.25
1.87
-51.87
14.49
16.21
18.76
-4.6
12.34
41.18
42.86
19.11
16.2
6.12
1.64
Working Capital
14,765
9,497
4,928
11,335
5,840
6,181
3,197
9,809
7,162
1,635
4,045
391
2,421
1,576
LT Debt
29,450
29,223
26,902
28,524
22,994
16,830
16,948
18,199
15,997
14,948
15,776
16,555
21,119
19,868
Total Equity
64,936
56,321
35,704
41,024
44,772
44,832
38,993
34,821
35,306
37,358
40,981
34,528
34,350
38,577
Return on Invested Capital (%)
0.83
3.84
- -
6.63
12.31
- -
- -
19.93
42.02
26.94
18.26
17.1
4.56
0.91
Return on Capital (%)
0.84
1.72
- -
7.76
10.42
- -
- -
12.99
44.29
37.05
16.02
13.72
6.63
1.99
Return on Common Equity (%)
1.29
1.81
-57.03
30.11
18.54
15.69
-4
12.88
63.93
53.42
21.2
16.92
7.03
1.73

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
762
1,277
1,355
LT Borrowings
20,952
20,266
19,427
LT Finance Leases
481
465
441
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,252
4,244
4,244
Market Capitalization
67,656
63,825
56,908

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
16,751
17,659
16,946
Cash, Cash Equivalents & STI
5,279
5,765
5,036
Accounts Receivable, Net
2,401
2,614
2,955
Inventories
6,135
6,264
6,058
Total Current Liabilities
13,510
14,818
15,370
Payables & Accruals
7,791
8,240
8,817
ST Debt
762
1,277
1,355
Deferred Revenue
616
629
529

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.11%
0.13%
-0.52%
Free Cash Flow
34.47%
-15.37%
-4.25%
Net Income, GAAP
-38.31%
40.28%
-61.86%
Sales/Revenue/Turnover
6.25%
1.11%
0.91%
Total Cash Common Dividend
- -
39.38%
-9.02%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,459
9,920
9,553
10,124
38,056
2025
8,119
8,804
10,420
11,060
38,403
2026
9,258
10,498
10,599
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.65
0.56
-0.16
1.45
2025
0.33
0.5
0.63
-0.9
0.55
2026
0.44
0.32
0.3
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
- -
0.37
- -
0.92
2025
0.46
- -
0.35
0.02
0.84
2026
0.64
- -
0.39
- -
- -

Company Description

CEO
Gustavo Duarte Pimenta
Full Time Employees
65,805
Sector
Non-energy minerals
Industry
Steel
Address
Praia de Botafogo 186 Rio de Janeiro RJ Brazil 22250-145
IPO Date
Jan 2, 1970
Website
vale.com
Business
Vale S.A. produces and exports iron ore, iron ore pellets, nickel, copper, cobalt, manganese, ferroalloys, gold and silver; it also provides integrated logistics services through railroads, ports and maritime terminals, and engages in energy generation to support its mining operations. Founded in 1942 and headquartered in Rio de Janeiro, Brazil, the company operates mines, processing plants and logistics infrastructure primarily in Brazil, Canada and Indonesia, with presence in over 20 countries serving global steel producers, battery manufacturers and industrial customers. Its main business segments include Iron Solutions for high-grade iron ore and pellets from deposits like Carajás and S11D, Energy Transition Materials encompassing Class 1 nickel, copper concentrates from Salobo and Sossego, and cobalt, as well as Coal and other products. Vale recently completed a US$2.5 billion strategic partnership in April 2024 under which Manara Minerals acquired a 10% stake in Vale Base Metals to accelerate copper and nickel production toward 900kt/year and 300kt/year respectively over the next decade; it sold a 50% stake in its Vale Oman Distribution Centre to Apollo Global Management for US$600 million to fund growth; and in September 2025 obtained an operating license for the Serra Sul +20 Mtpy expansion at its S11D mine, a US$2.8 billion project to boost iron ore capacity by 20 million tonnes annually with trial operations slated for H2 2026.

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