VALE Chart
About

Vale S.A., together with its subsidiaries, produces iron ore and nickel in Asia, the Americas, Europe, and internationally. It operates through Iron Solutions and Energy Transition Materials segments. The company extracts and produces iron ore, iron ore pellets, briquettes, and other ferrous products; provides logistic related services; and operates mining complexes, railways, maritime terminals, and ports. It also produces nickel, copper, and cobalt, as well as by-products, such as gold, silver, platinum group metals, and other precious metals. In addition, the company engages in greenfield mineral exploration; invests in energy businesses through renewable sources; and operates pelletizing plants and distribution centers to support the delivery of iron ore. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio De Janeiro, Brazil.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Other Industrial Metals Market Cap 72.70B
Enterprise Value 151.56B Income 13.81B Sales 213.59B
Book/sh 8.34 Cash/sh 9.75 Dividend Yield 7.33%
Payout 210.54% Employees 65805 IPO —
P/E 30.96 Forward P/E 7.92 PEG —
P/S 0.34 P/B 2.04 P/C —
EV/EBITDA 1.97 EV/Sales 0.71 Quick Ratio 0.72
Current Ratio 1.15 Debt/Eq 61.33 LT Debt/Eq —
EPS (ttm) 0.55 EPS next Y 2.15 EPS Growth —
Revenue Growth 0.50% Earnings 2026-04-23 ROA 7.79%
ROE 5.87% ROIC — Gross Margin 34.98%
Oper. Margin 27.64% Profit Margin 6.47% Shs Outstand 4.27B
Shs Float 3.97B Short Float 1.94% Short Ratio 1.98
Short Interest — 52W High 17.72 52W Low 8.06
Beta 0.94 Avg Volume 37.89M Volume 21.23M
Target Price $16.31 Recom Buy Prev Close $16.92
Price $17.03 Change 0.65%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.31
Mean price target
2. Current target
$17.03
Latest analyst target
3. DCF / Fair value
$65.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$17.03
Low
$12.00
High
$20.00
Mean
$16.31

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-30 main Goldman Sachs Buy → Buy $18
2026-01-28 main Wells Fargo Equal-Weight → Equal-Weight $15
2026-01-08 main Barclays Overweight → Overweight $16
2026-01-08 down Scotiabank Sector Outperform → Sector Perform $15
2025-12-23 main Wells Fargo Equal-Weight → Equal-Weight $13
2025-12-10 up RBC Capital Sector Perform → Outperform $14
2025-12-08 main UBS Neutral → Neutral $12
2025-11-10 main Barclays Overweight → Overweight $15
2025-11-04 main Wells Fargo Equal-Weight → Equal-Weight $12
2025-10-20 main JP Morgan Overweight → Overweight $14
2025-10-17 main HSBC Buy → Buy $14
2025-10-10 main Barclays Overweight → Overweight $14
2025-10-08 init Wells Fargo — → Equal-Weight $11
2025-10-06 main UBS Neutral → Neutral $11
2025-09-18 main Barclays Overweight → Overweight $14
2025-09-18 up Scotiabank Sector Perform → Sector Outperform $14
2025-09-04 main JP Morgan Overweight → Overweight $14
2025-08-04 main UBS Neutral → Neutral $10
2025-07-22 main Scotiabank Sector Perform → Sector Perform $13
2025-07-02 main Barclays Overweight → Overweight $13
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-321.41M-692.46M174.38M137.38M
TaxRateForCalcs0.110.270.150.16
NormalizedEBITDA14.06B18.09B22.74B33.26B
TotalUnusualItems-2.98B-2.54B1.16B864.00M
TotalUnusualItemsExcludingGoodwill-2.98B-2.54B1.16B864.00M
NetIncomeFromContinuingOperationNetMinorityInterest6.17B7.98B16.73B24.82B
ReconciledDepreciation3.06B3.07B3.17B3.03B
ReconciledCostOfRevenue21.26B21.07B20.90B18.74B
EBITDA11.07B15.56B23.90B34.13B
EBIT8.01B12.49B20.73B31.09B
NetInterestIncome-1.55B-1.51B41.00M-1.54B
InterestExpense1.32B1.34B945.00M1.55B
InterestIncome94.00M123.00M739.00M111.00M
NormalizedIncome8.83B9.83B15.74B24.09B
NetIncomeFromContinuingAndDiscontinuedOperation6.17B7.98B18.79B22.45B
TotalExpenses26.55B25.48B25.57B23.01B
TotalOperatingIncomeAsReported10.79B14.21B17.21B27.69B
DilutedAverageShares4.27B4.28B4.36B4.64B
BasicAverageShares4.27B4.27B4.36B4.64B
DilutedEPS0.551.441.834.05
BasicEPS0.551.441.834.05
DilutedNIAvailtoComStockholders6.17B7.98B18.79B22.45B
NetIncomeCommonStockholders6.17B7.98B18.79B22.45B
NetIncome6.17B7.98B18.79B22.45B
MinorityInterests191.00M-122.00M-82.00M-23.00M
NetIncomeIncludingNoncontrollingInterests5.97B8.11B18.87B22.47B
NetIncomeDiscontinuousOperations0.000.002.06B-2.38B
NetIncomeContinuousOperations5.97B8.11B16.81B24.84B
TaxProvision721.00M3.05B2.97B4.70B
PretaxIncome6.70B11.15B19.78B29.54B
OtherIncomeExpense-3.25B-3.64B1.47B-407.00M
SpecialIncomeCharges-716.00M-2.10B-1.07B-3.80B
GainOnSaleOfPPE-74.00M-46.00M-5.00M
OtherSpecialCharges1.02B1.84B1.84B3.37B
ImpairmentOfCapitalAssets-301.00M266.00M-773.00M426.00M
EarningsFromEquityInterest-269.00M-1.11B305.00M-1.27B
GainOnSaleOfSecurity-2.27B-431.00M2.23B4.66B
NetNonOperatingInterestIncomeExpense-1.55B-1.51B41.00M-1.54B
TotalOtherFinanceCost330.00M299.00M-247.00M-11.00M
InterestExpenseNonOperating1.32B1.34B945.00M1.55B
InterestIncomeNonOperating94.00M123.00M739.00M111.00M
OperatingIncome11.50B16.31B18.27B31.49B
OperatingExpense2.29B1.39B1.54B1.28B
OtherOperatingExpenses875.00M110.00M362.00M253.00M
DepreciationAmortizationDepletionIncomeStatement56.00M47.00M41.00M42.00M
DepreciationAndAmortizationInIncomeStatement56.00M47.00M41.00M42.00M
ResearchAndDevelopment790.00M723.00M660.00M549.00M
SellingGeneralAndAdministration566.00M506.00M474.00M439.00M
SellingAndMarketingExpense21.00M26.00M22.00M27.00M
GeneralAndAdministrativeExpense545.00M480.00M452.00M412.00M
OtherGandA279.00M237.00M222.00M195.00M
SalariesAndWages266.00M243.00M230.00M217.00M
GrossProfit13.79B17.70B19.81B32.77B
CostOfRevenue24.27B24.09B24.03B21.73B
TotalRevenue38.06B41.78B43.84B54.50B
OperatingRevenue38.06B41.65B43.31B53.89B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber270.29M239.15M295.81M292.84M
OrdinarySharesNumber4.27B4.30B4.48B4.84B
ShareIssued4.54B4.54B4.78B5.13B
NetDebt12.01B11.74B9.17B3.88B
TotalDebt17.67B16.80B15.44B17.20B
TangibleBookValue22.89B27.83B25.63B25.46B
InvestedCapital50.37B54.81B49.77B50.07B
WorkingCapital391.00M4.04B1.64B7.16B
NetTangibleAssets22.89B27.83B25.63B25.46B
CapitalLeaseObligations713.00M1.45B1.53B1.60B
CommonStockEquity33.41B39.46B35.87B34.47B
TotalCapitalization49.34B53.98B49.47B49.04B
TotalEquityGrossMinorityInterest34.53B40.98B37.36B35.31B
MinorityInterest1.12B1.52B1.49B834.00M
StockholdersEquity33.41B39.46B35.87B34.47B
GainsLossesNotAffectingRetainedEarnings-24.30B-18.65B-20.77B-21.56B
OtherEquityAdjustments19.09B21.24B20.21B14.88B
ForeignCurrencyTranslationAdjustments-43.38B-39.89B-40.98B-36.44B
TreasuryStock3.91B3.50B4.98B5.58B
RetainedEarnings0.000.000.000.00
CapitalStock61.61B61.61B61.61B61.61B
CommonStock61.61B61.61B61.61B61.61B
TotalLiabilitiesNetMinorityInterest45.62B53.20B49.54B54.14B
TotalNonCurrentLiabilitiesNetMinorityInterest32.53B38.55B35.65B38.94B
OtherNonCurrentLiabilities3.50B4.26B4.30B4.84B
DerivativeProductLiabilities428.00M95.00M186.00M592.00M
EmployeeBenefits1.12B1.38B1.26B
NonCurrentPensionAndOtherPostretirementBenefitPlans1.12B1.38B1.26B
DuetoRelatedPartiesNonCurrent1.82B3.59B1.41B1.33B
TradeandOtherPayablesNonCurrent1.01B1.72B1.87B1.96B
NonCurrentDeferredLiabilities2.33B4.15B3.97B3.32B
NonCurrentDeferredRevenue1.89B3.28B2.55B1.44B
NonCurrentDeferredTaxesLiabilities445.00M870.00M1.41B1.88B
LongTermDebtAndCapitalLeaseObligation16.50B15.78B14.95B16.00B
LongTermCapitalLeaseObligation566.00M1.25B1.35B1.43B
LongTermDebt15.94B14.52B13.60B14.57B
LongTermProvisions5.82B7.58B7.71B10.90B
CurrentLiabilities13.09B14.65B13.89B15.20B
OtherCurrentLiabilities2.16B3.08B2.69B2.89B
CurrentDeferredLiabilities467.00M591.00M416.00M1.68B
CurrentDeferredRevenue467.00M591.00M416.00M1.68B
CurrentDebtAndCapitalLeaseObligation1.17B1.02B489.00M1.20B
CurrentCapitalLeaseObligation147.00M197.00M182.00M174.00M
CurrentDebt1.02B824.00M307.00M1.03B
OtherCurrentBorrowings1.02B824.00M307.00M1.02B
CurrentNotesPayable0.000.0011.00M
PensionandOtherPostRetirementBenefitPlansCurrent1.01B964.00M930.00M
CurrentProvisions952.00M1.15B767.00M1.67B
PayablesAndAccruedExpenses7.33B7.85B8.60B7.76B
Payables7.33B7.85B8.60B7.76B
DuetoRelatedPartiesCurrent1.84B837.00M1.91B1.78B
DividendsPayable330.00M0.001.38B0.00
TotalTaxPayable927.00M1.74B841.00M2.50B
IncomeTaxPayable353.00M428.00M371.00M324.00M
AccountsPayable4.23B5.27B4.46B3.48B
TotalAssets80.15B94.19B86.89B89.44B
TotalNonCurrentAssets66.67B75.49B71.37B67.08B
OtherNonCurrentAssets2.02B2.06B2.31B1.99B
NonCurrentDeferredAssets8.24B9.56B10.77B11.44B
NonCurrentDeferredTaxesAssets8.24B9.56B10.77B11.44B
NonCurrentNoteReceivables0.00
NonCurrentAccountsReceivable1.30B1.37B1.11B935.00M
FinancialAssets15.00M544.00M196.00M20.00M
InvestmentsAndAdvances4.60B1.92B1.80B1.76B
InvestmentinFinancialAssets54.00M45.00M7.00M6.00M
AvailableForSaleSecurities54.00M45.00M7.00M6.00M
LongTermEquityInvestment4.55B1.87B1.80B1.75B
GoodwillAndOtherIntangibleAssets10.51B11.63B10.24B9.01B
OtherIntangibleAssets7.48B8.37B7.05B5.80B
Goodwill3.04B3.26B3.19B3.21B
NetPPE39.98B48.40B44.94B41.93B
AccumulatedDepreciation-30.79B-33.07B-33.40B-31.30B
GrossPPE70.78B81.47B78.34B73.23B
ConstructionInProgress9.72B11.21B9.32B7.72B
OtherProperties31.16B35.31B35.69B33.19B
MachineryFurnitureEquipment17.18B19.29B16.92B15.28B
CurrentAssets13.48B18.70B15.53B22.36B
OtherCurrentAssets359.00M444.00M314.00M215.00M
HedgingAssetsCurrent53.00M271.00M342.00M111.00M
AssetsHeldForSaleCurrent0.003.93B0.00976.00M
RestrictedCash0.00611.00M0.000.00
Inventory4.61B4.68B4.48B4.38B
InventoriesAdjustmentsAllowances-138.00M-139.00M-105.00M-95.00M
FinishedGoods3.06B3.10B2.78B2.79B
WorkInProcess691.00M567.00M800.00M820.00M
RawMaterials988.00M1.16B1.01B857.00M
Receivables3.46B5.10B5.59B4.78B
TaxesReceivable1.10B900.00M1.27B862.00M
LoansReceivable0.00
AccountsReceivable2.36B4.20B4.32B3.91B
AllowanceForDoubtfulAccountsReceivable-52.00M-44.00M-43.00M-48.00M
GrossAccountsReceivable2.41B4.24B4.36B3.96B
CashCashEquivalentsAndShortTermInvestments5.01B3.66B4.80B11.90B
OtherShortTermInvestments53.00M51.00M61.00M184.00M
CashAndCashEquivalents4.95B3.61B4.74B11.72B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow2.92B7.25B6.04B20.65B
RepurchaseOfCapitalStock-409.00M-2.71B-6.04B-5.55B
RepaymentOfDebt-2.81B-891.00M-2.52B-2.14B
IssuanceOfDebt4.86B1.95B1.27B930.00M
CapitalExpenditure-6.45B-5.92B-5.45B-5.03B
EndCashPosition4.95B3.61B4.74B11.72B
OtherCashAdjustmentOutsideChangeinCash75.00M-703.00M-11.00M0.00
BeginningCashPosition3.61B4.74B11.72B13.49B
EffectOfExchangeRateChanges-454.00M69.00M138.00M-551.00M
ChangesInCash1.72B-493.00M-7.11B-1.22B
FinancingCashFlow-2.27B-7.34B-13.91B-20.28B
CashFromDiscontinuedFinancingActivities0.000.00-11.00M-13.00M
CashFlowFromContinuingFinancingActivities-2.27B-7.34B-13.90B-20.27B
NetOtherFinancingCharges-171.00M-12.00M-30.00M
CashDividendsPaid-3.91B-5.51B-6.60B-13.48B
NetCommonStockIssuance-409.00M-2.71B-6.04B-5.55B
CommonStockPayments-409.00M-2.71B-6.04B-5.55B
NetIssuancePaymentsOfDebt2.05B1.06B-1.25B-1.21B
NetLongTermDebtIssuance2.05B1.06B-1.25B-1.21B
LongTermDebtPayments-2.81B-891.00M-2.52B-2.14B
LongTermDebtIssuance4.86B1.95B1.27B930.00M
InvestingCashFlow-5.37B-6.32B-4.69B-6.61B
CashFromDiscontinuedInvestingActivities0.000.00-103.00M-2.47B
CashFlowFromContinuingInvestingActivities-5.37B-6.32B-4.58B-4.14B
NetOtherInvestingChanges-796.00M-38.00M145.00M-129.00M
DividendsReceivedCFI81.00M204.00M219.00M190.00M
NetInvestmentPurchaseAndSale-85.00M127.00M260.00M582.00M
SaleOfInvestment127.00M260.00M582.00M
PurchaseOfInvestment-139.00M-542.00M
NetBusinessPurchaseAndSale1.88B-692.00M239.00M249.00M
SaleOfBusiness586.00M1.26B
PurchaseOfBusiness-808.00M-553.00M-338.00M-455.00M
CapitalExpenditureReported-6.45B-5.92B-5.45B-5.03B
OperatingCashFlow9.37B13.16B11.48B25.68B
CashFromDiscontinuedOperatingActivities0.000.0041.00M-316.00M
CashFlowFromContinuingOperatingActivities9.37B13.16B11.44B26.00B
TaxesRefundPaid-1.86B-1.89B-4.64B-4.38B
InterestPaidCFO-1.11B-976.00M-1.16B-1.11B
ChangeInWorkingCapital313.00M-903.00M-1.32B335.00M
ChangeInOtherWorkingCapital-446.00M-1.52B-1.53B-442.00M
ChangeInPayablesAndAccruedExpense-360.00M637.00M495.00M251.00M
ChangeInAccruedExpense27.00M
ChangeInPayable-360.00M637.00M495.00M251.00M
ChangeInAccountPayable-360.00M637.00M495.00M251.00M
ChangeInInventory-549.00M-214.00M45.00M-503.00M
ChangeInReceivables1.67B197.00M-325.00M1.03B
ChangesInAccountReceivables1.67B197.00M-325.00M1.03B
OtherNonCashItems123.00M294.00M-3.17B-4.71B
ProvisionandWriteOffofAssets-90.00M614.00M472.00M1.93B
AssetImpairmentCharge-301.00M266.00M-773.00M426.00M
DepreciationAmortizationDepletion3.06B3.07B3.17B3.03B
OperatingGainsLosses2.54B1.54B-924.00M936.00M
EarningsLossesFromEquityInvestments269.00M1.11B-305.00M1.27B
GainLossOnInvestmentSecurities881.00M-1.21B-1.59B-203.00M
NetForeignCurrencyExchangeGainLoss1.39B1.64B975.00M-132.00M
NetIncomeFromContinuingOperations6.70B11.15B19.78B29.54B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for VALE
Date User Asset Broker Type Position Size Entry Price Patterns