Skip to Content
Morningstar

Vale SA ADR VALE

Morningstar Rating
Unlock
Stock XNYS Rating as of
$11.14 −0.06 (0.54%)
View Full Chart
As of Delayed Price Post-Trading: $11.14 0.00
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Commodity Price Update Q3 2024: Value in Mineral Sands, Gold, and Thermal Coal

Jon Mills

Base metals prices surged earlier in the June quarter of 2024 before partially reversing due to concerns over China’s economy. Iron ore prices are broadly stable despite China's struggling property market and weak infrastructure spending, leading to questions over China's steel demand. After updating our commodity price assumptions, no-moat Iluka is the cheapest miner we cover, trading 31% below its unchanged fair value estimate of AUD 9.50.

Read Full Report

Price vs Fair Value

View History
VALE is trading at a 146% premium.
Price
$11.20
Fair Value
$19.70
Uncertainty
High
1-Star Price
$59.41
5-Star Price
$8.68
Economic Moat
Thlbz
Capital Allocation
Mgqwr

Bulls Say, Bears Say

Bulls

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.

Bears

We believe China's real estate- and infrastructure-driven economic growth has likely peaked and prices for materials such as iron ore will decline in future.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if VALE is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$11.20
Day Range
$10.99–11.18
52-Week Range
$10.99–16.08
Bid/Ask
$11.08 / $11.14
Market Cap
$47.60 Bil
Volume/Avg
25.7 Mil / 26.7 Mil

Key Statistics

Price/Earnings (Normalized)
5.89
Price/Sales
1.15
Dividend Yield (Trailing)
12.62%
Dividend Yield (Forward)
12.62%
Total Yield
17.17%

Company Profile

Vale SA is a large global miner and the world’s largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Large Value
Total Number of Employees
66,807
Website
https://www.vale.com

Competitors

Valuation

View More
Metric
VALE
RIO
BHP
Price/Earnings (Normalized)
 5.8911.0210.86
Price/Book Value
 1.272.423.53
Price/Sales
 1.152.402.65
Price/Cash Flow
 3.607.836.86
Price/Earnings
VALE
RIO
BHP

Financial Strength

Metric
VALE
RIO
BHP
Quick Ratio
 0.441.041.08
Current Ratio
 1.121.691.57
Interest Coverage
 8.368.047.59
Quick Ratio
VALE
RIO
BHP

Profitability

Metric
VALE
RIO
BHP
Return on Assets (Normalized)
 10.54%11.84%13.90%
Return on Equity (Normalized)
 25.04%22.48%31.67%
Return on Invested Capital (Normalized)
 18.68%19.38%21.70%
Return on Assets
VALE
RIO
BHP
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Other Industrial Metals & Mining Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BHP Group Ltd ADR
BHP
HygntgstMytt$146.5 Bil
 BHP Group Ltd
BHPLF
YBNxlmfw$145.6 Bil
 Rio Tinto Ltd
RTNTF
—Zfz$130.8 Bil
 Rio Tinto PLC ADR
RIO
QqcbdwnxkXvdk$107.5 Bil
 Anglo American PLC ADR
NGLOY
VsrlvbhsHgdw$37.3 Bil
 Teck Resources Ltd Class B (Sub Voting)
TECK
JdxrmshZqbg$24.8 Bil
 Lithium Americas Corp
LAC
FzmqzmgrRjfw$578.1 Mil
 Lithium Americas (Argentina) Corp
LAAC
GnbdkprxhMndbvbr$514.0 Mil
 Compass Minerals International Inc
CMP
WcvslbkMjsrkk$415.8 Mil

Sponsor Center