Commodity prices generally fell in the September-ending quarter, except for gold. Concerns about weak China end-user steel demand affected iron ore and other steelmaking commodities, while base metals prices fell on worries over slower economic growth in China and elsewhere.
Vale's lower unit costs relative to producers in India and China, as well as high-cost producers such as Anglo American, allow it to remain profitable even in depressed price environments.
We believe China's real estate- and infrastructure-driven economic growth has likely peaked, and prices for materials such as iron ore will decline.
|
Metric
|
VALE
|
FMG
|
RIO
|
|---|---|---|---|
Price/Earnings (Normalized) | 5.86 | 6.96 | 11.70 |
Price/Book Value | 1.36 | 2.12 | 2.50 |
Price/Sales | 1.20 | 2.24 | 2.52 |
Price/Cash Flow | 3.80 | 5.15 | 8.30 |
|
Metric
|
VALE
|
FMG
|
RIO
|
|---|---|---|---|
Quick Ratio | 0.69 | 2.07 | 1.16 |
Current Ratio | 1.08 | 2.67 | 1.70 |
Interest Coverage | 8.45 | 21.94 | 10.17 |
|
Metric
|
VALE
|
FMG
|
RIO
|
|---|---|---|---|
Return on Assets (Normalized) | 11.40% | 19.34% | 11.49% |
Return on Equity (Normalized) | 27.08% | 29.96% | 21.57% |
Return on Invested Capital (Normalized) | 20.80% | 23.84% | 18.28% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BHP Group Ltd
BHPLF
| KL | Zjyjht | $156.4 Bil | |||
| BHP Group Ltd ADR
BHP
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| Rio Tinto Ltd
RTNTF
| — | Xxld | $142.6 Bil | |||
| Rio Tinto PLC ADR
RIO
| Qddkbsd | Wwp | $115.6 Bil | |||
| Anglo American PLC ADR
NGLOY
| Frpcpgvgh | Lzmdk | $39.6 Bil | |||
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TECK
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| Lithium Americas Corp
LAC
| Yxvzbmcn | Nsdyj | $580.7 Mil | |||
| Lithium Americas (Argentina) Corp
LAAC
| Zgbrgqcgy | Nlskfhq | $525.4 Mil | |||
| Compass Minerals International Inc
CMP
| Fltdyztt | Sbhgdm | $512.1 Mil |
United States