Market Cap
R$246.8b
Last Updated
2019/11/12 18:04 UTC
Data Sources
Company Financials +
Executive Summary
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally.
Snowflake
Fundamentals
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Vale's share price performed over time and what events caused price changes?
Latest Share Price and Events
Information is not available.
Market Performance
7 Day Return
-3.5%
VALE3
-2.4%
BR Metals and Mining
0.2%
BR Market
1 Year Return
-14.5%
VALE3
-11.2%
BR Metals and Mining
25.4%
BR Market
Information is not available.
Information is not available.
Shareholder returns
| VALE3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -2.4% | 0.2% |
| 30 Day | -1.0% | 0.07% | 3.6% |
| 90 Day | 7.2% | 6.4% | 6.2% |
| 1 Year | -14.5%-14.5% | -10.6%-11.2% | 30.8%25.4% |
| 3 Year | 98.8%81.9% | 82.5%68.2% | 84.5%64.4% |
| 5 Year | 151.7%118.5% | 118.8%92.3% | 102.5%68.3% |
Price Volatility Vs. Market
How volatile is Vale's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Vale undervalued compared to its fair value and its price relative to the market?
30.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VALE3 (R$48.13) is trading below our estimate of fair value (R$68.78)
Significantly Below Fair Value: VALE3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VALE3 is poor value based on its PE Ratio (17.5x) compared to the Metals and Mining industry average (14x).
PE vs Market: VALE3 is poor value based on its PE Ratio (17.5x) compared to the BR market (14.5x).
Price to Earnings Growth Ratio
PEG Ratio: VALE3 is poor value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: VALE3 is overvalued based on its PB Ratio (1.4x) compared to the BR Metals and Mining industry average (1x).
Next Steps
Future Growth
How is Vale forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
25.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VALE3's forecast earnings growth (25.7% per year) is above the savings rate (2.7%).
Earnings vs Market: VALE3's earnings (25.7% per year) are forecast to grow faster than the BR market (15.4% per year).
High Growth Earnings: VALE3's earnings are forecast to grow, but not significantly.
Revenue vs Market: VALE3's revenue is expected to decline over the next 3 years (0.4% per year).
High Growth Revenue: VALE3's revenue is forecast to decline over the next 3 years (0.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Information is not available.
Next Steps
Past Performance
How has Vale performed over the past 5 years?
48.5%
Historical annual earnings growth
Earnings and Revenue History
Information is not available.
Information is not available.
Past Earnings Growth Analysis
Earnings Trend: VALE3's earnings have grown significantly by 48.5% per year over the past 5 years.
Accelerating Growth: VALE3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VALE3 had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.2%).
Return on Equity
High ROE: VALE3's Return on Equity (8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Vale's financial position?
Financial Position Analysis
Short Term Liabilities: VALE3's short term assets (R$77.0B) exceeds its short term liabilities (R$55.9B)
Long Term Liabilities: VALE3's short term assets (77.0B) do not cover its long term liabilities (157.4B)
Debt to Equity History and Analysis
Debt Level: VALE3's debt to equity ratio (44.8%) is considered high
Reducing Debt: VALE3's debt to equity ratio has reduced from 52% to 44.8% over the past 5 years.
Debt Coverage: VALE3's debt is well covered by operating cash flow (60.8%).
Interest Coverage: VALE3's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
Information is not available.
Information is not available.
Next Steps
Dividend
What is Vale's current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VALE3's dividend (3.08%) is higher than the bottom 25% of dividend payers in the BR market (1.3%).
High Dividend: VALE3's dividend (3.08%) is low compared to the top 25% of dividend payers in the BR market (4.88%).
Stability and Growth of Payments
Stable Dividend: VALE3's dividend payments have been volatile in the past 10 years.
Growing Dividend: VALE3's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.9%), VALE3's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Vale's salary, the management and board of directors tenure and is there insider trading?
1.7yrs
Average management tenure
CEO
Eduardo de Salles Bartolomeo (55yo)
0.7yrs
Tenure
Mr. Eduardo de Salles Bartolomeo has been President Commissioner of PT Vale Indonesia Tbk since April 04, 2018 and had been its Interim Chief Executive Officer from March 2, 2019 to April 2019. Mr. Bartolo ...
Management Age and Tenure
1.7yrs
Average Tenure
49yo
Average Age
Experienced Management: VALE3's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Age and Tenure
2.5yrs
Average Tenure
61yo
Average Age
Experienced Board: VALE3's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Information is not available.
Management Team
Luciano Pires (49yo)
CFO and Executive Director of Finance & Investor Relations
- Tenure: 7.3yrs
Eduardo de Salles Bartolomeo (55yo)
Chief Executive Officer
- Tenure: 0.7yrs
Sonia Zagury
Corporate Finance Director
- Tenure: 0yrs
Carlos Medeiros
Executive Director of Safety & Operational Excellence
- Tenure: 0.4yrs
Luiz Eduardo do Amaral Osorio (45yo)
Executive Director of Sustainability
- Tenure: 0.8yrs
Murilo Muller
Controllership Director & Chief Accountant
- Tenure: 0yrs
André Figueiredo
Director of Investor Relations
- Tenure: 0yrs
Alexandre Pereira (49yo)
Executive VP & Executive Director of Global Business Support
- Tenure: 2.3yrs
Alexandre D’Ambrosio
General Counsel
- Tenure: 1.7yrs
Marina Quental
People Director
- Tenure: 2yrs
Board Members
Marcelo Amaral Moraes (51yo)
Chairman of Fiscal Council
- Tenure: 0yrs
Bernardeth Vieira de Souza (67yo)
General Manager of Treasury for CVRD and Director of Vale Overseas
- Tenure: 0yrs
Oscar de Camargo Filho (81yo)
Director
- Tenure: 16.1yrs
Eduardo de Oliveira Rodrigues Filho
Director
- Tenure: 0.8yrs
Marcel Barros (56yo)
Director
- Tenure: 7.1yrs
Fernando Buso Gomes (63yo)
Vice Chairman of the Board
- Tenure: 2.8yrs
Lucio Azevedo (61yo)
Director
- Tenure: 4.6yrs
Toshiya Asahi (52yo)
Director
- Tenure: 2.1yrs
Marcio Ferreira
Director
- Tenure: 0.8yrs
José Maurício Coelho
Chairman of the Board
- Tenure: 0.8yrs
Company Information
Vale S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vale S.A.
- Ticker: VALE3
- Exchange: BOVESPA
- Founded: 1942
- Industry: Steel
- Sector: Materials
- Market Cap: R$246.824b
- Shares outstanding: 5.13b
- Website: https://www.vale.com
Location
- Vale S.A.
- Praia de Botafogo 186
- Praia de Botafogo 186
- Rio de Janeiro
- Rio de Janeiro
- 22250-145
- Brazil
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VALE3 | BOVESPA (Bolsa de Valores de Sao Paulo) | Yes | Common Shares | BR | BRL | Nov 1993 |
| XVALO | BME (Bolsas y Mercados Espanoles) | Yes | Common Shares | ES | EUR | Nov 1993 |
| CVLC | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1993 |
| VALE | NYSE (New York Stock Exchange) | SPONS ADR REPR 1 COM NPV | US | USD | Mar 2002 | |
| VALE N | BMV (Bolsa Mexicana de Valores) | SPONS ADR REPR 1 COM NPV | MX | MXN | Mar 2002 | |
| VALE3 | ENXTPA (Euronext Paris) | SPONS ADR REPR 1 COM NPV | FR | EUR | Mar 2002 | |
| VALE | SWX (SIX Swiss Exchange) | SPONS ADR REPR 1 COM NPV | CH | CHF | Mar 2002 | |
| CVLB | DB (Deutsche Boerse AG) | SPONS ADR REPR 1 COM NPV | DE | EUR | Mar 2002 | |
| 0LBF | LSE (London Stock Exchange) | SPONS ADR REPR 1 COM NPV | GB | USD | Mar 2002 | |
| VALE | BASE (Buenos Aires Stock Exchange) | EACH CEDEAR REP 0.5 ADR | AR | ARS | Jul 2007 |
Biography
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/12 18:04 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.