Vale S.A.
- Open
- 15.00
- Day high
- 15.18
- Day low
- 14.82
- Prev close
- 15.04
- Volume
- 2.1M
- Mkt cap
- $64.3B
- P/E (TTM)
- 22.8
- EPS (TTM)
- $0.66
- P/B
- 1.8
- P/S
- 1.6
- Yield
- —
- Per share
- —
- ▲Insiders net buying $379K over the last 3 months (3 open-market buys, 3 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
Vale S.A. (VALE) is a Basic Materials company listed on NYSE. The stock is up 53% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering VALE.
Vale S.A. (VALE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
VALE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.47 | $0.44 | -6.4% | $9.3B | -2.8% |
| Feb 12, 2026 | $0.57 | $0.34 | -40.4% | $11.1B | +1.8% |
| Oct 30, 2025 | $0.49 | $0.63 | +28.6% | $10.4B | -3.7% |
| Jul 31, 2025 | $0.34 | $0.50 | +47.1% | $8.8B | -6.4% |
| Apr 24, 2025 | $0.37 | $0.35 | -5.4% | $8.1B | -14.1% |
| Feb 19, 2025 | $0.56 | $0.20 | -64.3% | $9.6B | -4.4% |
| Oct 24, 2024 | $0.46 | $0.56 | +21.7% | $9.6B | -11.9% |
| Jul 25, 2024 | $0.38 | $0.43 | +13.2% | $9.9B | -5.3% |
| Feb 22, 2024 | $0.96 | $0.56 | -41.7% | $13.0B | -1.8% |
| Oct 26, 2023 | $0.62 | $0.66 | +6.5% | $10.6B | -2.2% |
| Jul 27, 2023 | $0.56 | $0.20 | -64.3% | $9.7B | -1.6% |
| Feb 16, 2023 | $0.61 | $0.82 | +34.4% | $11.9B | +4.0% |
VALE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 18, 2026 | Quintao Lara Anelisedirector | Buy | 338 | $16.09 |
| Jun 18, 2026 | Quintao Lara Anelisedirector | Sell | 200 | $16.12 |
| Jun 18, 2026 | Quintao Lara Anelisedirector | Sell | 5 | $16.11 |
| Jun 18, 2026 | Quintao Lara Anelisedirector | Sell | 44 | $16.12 |
| Jun 3, 2026 | Pereira Murat do Pillar Samantaofficer: Officer, People | Grant | 2,053 | $15.89 |
| Apr 3, 2026 | Tallia Parenti Grazielleofficer: Officer, Sustainability | Buy | 10,464 | $16.11 |
| Apr 3, 2026 | Tallia Parenti Grazielleofficer: Officer, Sustainability | Grant | 10,464 | — |
| Apr 3, 2026 | Senna Medeiros Carlos Henriqueofficer: Executive VP Operations | Grant | 25,765 | — |
| Apr 3, 2026 | Arap Sobrinho Samiofficer: Executive VP Legal Officer | Buy | 12,990 | $16.11 |
| Apr 3, 2026 | Feriozzi Bacci Marceloofficer: Executive VP Finance & IR | Grant | 20,207 | — |
| Apr 3, 2026 | Tavares Nogueira Rogerioofficer: EVP Commercial & New Business | Grant | 12,990 | — |
| Apr 3, 2026 | Duarte Pimenta Gustavoofficer: Chief Executive Officer | Grant | 43,603 | — |
| Apr 3, 2026 | Arap Sobrinho Samiofficer: Executive VP Legal Officer | Grant | 12,990 | — |
| Apr 3, 2026 | de Souza Funo Elaine Mariaofficer: Accounting Officer | Grant | 6,916 | — |
| Apr 3, 2026 | Jabur Bittar Rafaelofficer: Executive VP Technical | Grant | 15,155 | — |
Source: VALE SEC Form 4 filings, latest Jun 18, 2026. For informational purposes only — not investment advice.
See the full VALE insider & 13F page →Vale S.A. company profile
Overview
Vale S.A. (NYSE:VALE) is a Brazilian multinational mining corporation founded in 1942 and headquartered in Rio de Janeiro. Originally established as Companhia Vale do Rio Doce, the company changed its name to Vale S.A. in May 2009. Vale has evolved from a state-owned enterprise into one of the world's largest mining companies, operating primarily in Brazil with international operations spanning multiple continents. The company went public on the New York Stock Exchange in 2002 and has become a dominant force in global commodity markets, particularly in iron ore production where it ranks among the world's top producers.
Business
Vale operates as a major mining company focused on extracting and producing essential raw materials for global infrastructure and the energy transition. The company's operations are organized into two primary business segments that reflect the evolving demands of the global economy. The Iron Solutions segment represents Vale's core business and generates the majority of company revenues, estimated at approximately 70-80% of total revenues. This division produces and extracts iron ore, which is the primary raw material used in steel production. Iron ore is a rock containing iron minerals that, when processed, becomes the foundation for manufacturing steel used in construction, automotive, shipbuilding, and infrastructure projects worldwide. Vale also produces iron ore pellets, which are small balls of iron ore concentrate mixed with a binder and fired in a furnace - these pellets offer higher iron content and better metallurgical properties than raw iron ore, making them premium products for steelmakers. The segment includes extensive logistical operations, including railways, ports, and shipping infrastructure necessary to transport these bulk commodities from mines to global customers. The Energy Transition Materials segment focuses on metals critical for renewable energy infrastructure and electric vehicle production, representing approximately 20-30% of revenues. This division produces nickel, an essential component in electric vehicle batteries and stainless steel production. Nickel mining involves extracting ore from underground or open-pit mines, then processing it through complex metallurgical operations to produce refined nickel suitable for battery manufacturers and other industrial applications. The segment also produces copper, which is fundamental for electrical infrastructure, power transmission, and renewable energy systems due to its excellent electrical conductivity properties. Additionally, this segment generates valuable by-products including gold, silver, cobalt, and other precious metals that are recovered during the nickel and copper extraction processes.
Revenue model
Vale generates revenue primarily through the direct sale of mined commodities to industrial customers worldwide. The company operates on a traditional mining business model where it extracts raw materials from its owned mining concessions and sells these products at prevailing market prices to steel mills, battery manufacturers, construction companies, and commodity trading firms. The Iron Solutions segment sells iron ore and pellets primarily to steel producers in China, which represents the largest market for these products, as well as to steelmakers in Europe, the Middle East, and other regions. Revenue is generated through long-term supply contracts and spot market sales, with pricing typically linked to benchmark indices that fluctuate based on global supply and demand dynamics. The Energy Transition Materials segment sells nickel to battery manufacturers, stainless steel producers, and chemical companies, while copper is sold to construction companies, electrical equipment manufacturers, and infrastructure developers. Vale has been securing strategic long-term supply agreements with electric vehicle manufacturers and battery producers, providing more predictable revenue streams in this growing market. Several factors significantly impact Vale's profitability margins. Commodity price volatility represents the most significant external factor, as iron ore, nickel, and copper prices fluctuate based on global economic conditions, particularly Chinese steel demand and global infrastructure spending. Currency exchange rates affect margins since Vale's costs are primarily in Brazilian reais while revenues are largely in US dollars. Energy costs substantially impact operations, as mining and processing require significant electricity and fuel consumption. Transportation costs, including shipping rates and logistics expenses, directly affect delivered product costs. Regulatory changes in Brazil and other operating jurisdictions can increase compliance costs and operational restrictions. Labor costs and productivity influence operational efficiency, while environmental compliance requirements continue to increase operational expenses. Competition from other major mining companies and potential new supply sources, such as the Simandou iron ore project in Guinea, could pressure pricing and market share over time.
Competitive moat
Vale possesses a moderately strong competitive moat built primarily on its exceptional natural resource endowments and integrated logistics infrastructure, though this moat faces some structural challenges. The company's primary competitive advantage stems from its ownership of some of the world's highest-quality, lowest-cost iron ore deposits, particularly in Brazil's Carajás region, which produces iron ore with superior iron content compared to many global competitors. These geological advantages provide inherent cost competitiveness that is difficult for competitors to replicate. Vale's integrated logistics network represents another significant moat component, including proprietary railways, ports, and shipping capabilities that provide cost advantages and operational control over the entire value chain from mine to customer delivery. The company's scale in iron ore production - ranking among the world's top three producers - provides negotiating power with customers and suppliers, as well as the ability to spread fixed infrastructure costs across large production volumes. However, Vale's moat faces several challenges. The company operates in commodity markets where differentiation is limited, making it vulnerable to price cycles and global economic fluctuations. Regulatory and environmental pressures in Brazil have increased operational complexity and costs, particularly following past tailings dam incidents that damaged the company's reputation and led to significant financial liabilities. Geographic concentration in Brazil creates political and regulatory risks that more geographically diversified competitors may avoid. Potential disruption could come from several sources: new large-scale iron ore projects like Simandou in Guinea could add significant global supply; technological advances in steel recycling or alternative materials could reduce iron ore demand; and increasing environmental regulations could favor competitors with cleaner operations or alternative steel production methods. In the energy transition materials segment, Vale faces intense competition from established nickel and copper producers with potentially lower-cost operations, and the company's market position is less dominant than in iron ore.
Risks & safety
Vale demonstrates a moderate margin of safety with solid financial fundamentals but some areas of concern requiring monitoring. **Liquidity and Solvency:** • Cash and short-term investments of $4.0 billion provides reasonable liquidity buffer • Current ratio of 1.11 indicates adequate short-term liquidity, though relatively tight • Total debt-to-equity ratio of 0.53 represents manageable leverage levels • Strong operating cash flow generation of $9.4 billion annually demonstrates cash-generating capability • Free cash flow of $2.9 billion annually provides financial flexibility **Valuation Metrics:** • Price-to-earnings ratio of 6.1x suggests potentially undervalued relative to earnings • EV/EBITDA ratio of 3.9x appears attractive for a large-scale mining operation • Price-to-book ratio of 1.12x indicates trading near book value • Graham number analysis suggests reasonable valuation relative to fundamental metrics **Other Considerations:** • Commodity price sensitivity creates earnings volatility risk • Significant ongoing legal and environmental liabilities from past incidents • Capital-intensive business model requires continuous reinvestment • Exposure to Brazilian regulatory and political environment
Recent development
Over the past few years, Vale has undergone significant strategic transformation focused on three key areas: operational excellence, portfolio optimization, and sustainability leadership. The company has prioritized dam safety and decharacterization, successfully eliminating multiple upstream tailings dams and achieving 57% completion of its decharacterization program, with expectations to have no level 3 dams by end of 2025. Vale has invested heavily in expanding high-quality iron ore production capacity, successfully launching the Vargem Grande and Capanema projects ahead of schedule, adding 30 million tons of low-cost production capacity. The company is advancing the S11D Plus 20 project, which is 73% complete and expected to start production in H2 2026. These projects focus on producing higher-grade iron ore products that command premium pricing in global markets. In the energy transition materials segment, Vale has been repositioning its base metals operations through strategic partnerships and operational improvements. The company completed the VBME nickel project and appointed new leadership for Vale Base Metals to drive cost reduction and productivity improvements. Vale has also launched the Novo Carajás initiative to accelerate copper exploration and development, recognizing the growing demand for copper in renewable energy infrastructure. Sustainability and decarbonization initiatives have become central to Vale's strategy, with over $250 million invested in decarbonization projects. The company is recovering 30 million tons of iron ore through tailings reuse, demonstrating circular economy principles. Vale has also formed strategic partnerships, including with GIP for Aliança Energia, to advance renewable energy projects. The company has strengthened its financial discipline through reduced capital expenditure guidance and enhanced shareholder returns, including $2 billion in dividends and an expanded share buyback program. Vale has also resolved major legal settlements, including the definitive Samarco dam agreement, reducing long-term legal uncertainties.
VALE company profile · for informational purposes only — not investment advice.
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