1. Brazil Stocks

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    Basic Materials

  3. •

    Industrial Materials
Vale S.A.

Vale S.A.

VALE3.SA
Vale S.A.BR flagB3 S.A.
78.46
BRL
-0.38
- -
334.60BMarket Cap
Vale S.A.
VALE3.SA
(B3 S.A.)

Recent

price

78.46

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
9.08
11.45
9.12
9.08
6.82
4.54
5.33
6.54
7.04
7.13
7.71
10.87
9.45
9.58
8.9
9
9.29
Revenue per Share
3.25
4.34
1.07
0.11
0.13
-2.35
0.77
1.06
1.32
-0.33
0.95
4.48
4.05
1.83
1.44
0.55
0.67
Basic EPS, GAAP
1.23
1.45
0.16
0.33
0.26
-0.81
0.28
1.66
2.48
2.36
2.79
5.12
2.48
1.66
0.68
0.65
1.51
Free Cash Flow per Basic Share
0.56
1.72
1.18
0.87
0.81
0.29
0.05
0.28
0.64
- -
0.65
2.69
1.42
1.26
0.92
0.83
1.02
Dividend per Share
7.98
15.13
14.9
13.05
7.48
7.48
7.48
11.86
11.86
12.01
12.01
12.29
13.29
14.12
14.41
14.43
14.92
Book Value per Share
10.82
8.65
8.37
6.82
5.13
1.41
2.15
6.98
7.09
5.95
4.98
5.25
5.85
6.73
5.62
5.95
6.62
Tangible Book Value per Share
5,312
5,247
5,106
5,153
5,153
5,153
5,153
5,195
5,197
5,128
5,130
5,012
4,638
4,362
4,275
4,269
4,257
Basic Weighted Avg Shares
48,217
60,075
46,553
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
39,542
Sales/Revenue/Turnover
49.34
48.66
31.62
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
29.42
Operating Margin (%)
3,260
3,836
4,155
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
3,246
Depreciation Expense
17,264
22,795
5,454
584
657
-12,129
3,982
5,507
6,860
-1,683
4,881
22,445
18,788
7,983
6,166
2,352
2,851
Net Income, GAAP
18.24
18.86
- -
94.37
57.37
- -
34.83
19.1
- -
- -
10.52
15.9
15.02
27.32
10.77
57.38
50.01
Effective Tax Rate (%)
35.8
37.94
11.72
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
7.21
Profit Margin (%)
13,879
10,445
9,955
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
3,241
Working Capital
22,877
22,965
28,524
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
21,433
LT Debt
72,441
77,815
74,827
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
37,552
Total Equity
21.31
23.52
- -
0.95
4.12
- -
7.92
12.85
- -
- -
30.45
46.8
27.86
20.39
17.59
8.76
9.97
Return on Invested Capital (%)
25.52
23.1
- -
0.67
1.46
- -
5.67
8.1
- -
- -
9.15
29.63
24.67
11.18
9.41
4.36
5.16
Return on Capital (%)
46.61
37.44
7.02
0.82
1.24
-31.48
10.34
11
11.13
-2.73
7.92
36.43
30.49
12.96
10.01
3.82
4.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
645
682
762
LT Borrowings
20,042
20,611
20,952
LT Finance Leases
525
508
481
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,269
4,269
4,265
Market Capitalization
46,011
55,816
67,487

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
16,486
18,291
16,751
Cash, Cash Equivalents & STI
6,091
7,566
5,279
Accounts Receivable, Net
2,506
2,297
2,401
Inventories
5,567
5,937
6,135
Total Current Liabilities
13,324
15,870
13,510
Payables & Accruals
7,845
10,408
7,791
ST Debt
645
682
762
Deferred Revenue
484
570
616

Growth Rates

FRC

•

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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.65
0.56
- -
1.44
2025
0.33
0.5
0.63
- -
0.55
2026
0.44
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
- -
0.37
- -
0.92
2025
0.46
- -
0.35
- -
0.83
2026
0.64
- -
- -
- -
- -
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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.