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Vale S.A. logo

Vale S.A.

VALE

NYSEBasic MaterialsIndustrial Materials

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Previous close

$14.59

+$0.36 · +2.53%

Aug 21, 4:00 PM ET

VALE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

80

Undervalued

Momentum

38

Weakening

Sentiment

57

Mixed

Risk resilience

68

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Operating globally and within Brazil, Vale S.A. is a major producer and seller of essential raw materials, including iron ore, iron ore pellets, nickel, and copper. Its operations are organized into two primary segments. The Iron Solutions segment is dedicated to the extraction and production of iron ore, pellets, and various other ferrous products, also providing crucial logistics services. Meanwhile, the Energy Transition Materials segment specializes in mining nickel, along with its valuable by-products such as gold, silver, cobalt, and other precious metals. This segment also handles copper, primarily used in construction for piping and electrical cables. Established in 1942, the company was formerly known as Companhia Vale do Rio Doce before officially rebranding as Vale S.A. in May 2009. Vale S.A. is headquartered in Rio De Janeiro, Brazil.

Industry
Industrial Materials
Sector
Basic Materials
Headquarters
BR
CEO
Gustavo Duarte Pimenta
Listed since
Mar 21, 2002
Employees
65,805

Market position

Day range

Current $14.59

52-week range

Current $14.59

Open
$14.50
Previous close
$14.23
Volume
26.49M
1.14× average
Average volume
23.29M
Average daily volume
Market cap
62.22B USD
Beta
0.51
Market reference 1
50-day average
$14.7272
-0.93% below average
200-day average
$15.0219
-2.88% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
67.61B USD
P/E (TTM)
29.22×
P/B (TTM)
1.64×
P/S (TTM)
1.51×
EV / EBITDA
7.21×
Earnings yield
4.45%
Free cash flow yield
5.50%
Dividend yield
7.48%

Profitability & efficiency

Gross margin
34.24%
Operating margin
26.06%
Net margin
5.23%
Return on equity
7.35%
Return on assets
2.85%
Return on invested capital
6.85%

Financial health

Debt / equity
0.58×
Current ratio
1.15×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends65%44%23%1%Gross margin, FY2021: 60.13%Gross margin, FY2022: 45.19%Gross margin, FY2023: 42.35%Gross margin, FY2024: 36.24%Gross margin, FY2025: 34.37%Operating margin, FY2021: 50.81%Operating margin, FY2022: 39.25%Operating margin, FY2023: 34.00%Operating margin, FY2024: 28.35%Operating margin, FY2025: 28.98%Net margin, FY2021: 41.18%Net margin, FY2022: 42.86%Net margin, FY2023: 19.11%Net margin, FY2024: 16.20%Net margin, FY2025: 6.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 60.13%. Gross margin FY2022 45.19%. Gross margin FY2023 42.35%. Gross margin FY2024 36.24%. Gross margin FY2025 34.37%. Operating margin FY2021 50.81%. Operating margin FY2022 39.25%. Operating margin FY2023 34.00%. Operating margin FY2024 28.35%. Operating margin FY2025 28.98%. Net margin FY2021 41.18%. Net margin FY2022 42.86%. Net margin FY2023 19.11%. Net margin FY2024 16.20%. Net margin FY2025 6.47%.

Income trends

Revenue

38.23B USD+0.46%

Operating income

11.08B USD+2.72%

Net income

2.47B USD-59.90%
Income trends across reported periods59.7B USD38.89B USD18.08B USD−2.73B USDRevenue, FY2021: 54.5B USDRevenue, FY2022: 43.84B USDRevenue, FY2023: 41.78B USDRevenue, FY2024: 38.06B USDRevenue, FY2025: 38.23B USDOperating income, FY2021: 27.69B USDOperating income, FY2022: 17.21B USDOperating income, FY2023: 14.21B USDOperating income, FY2024: 10.79B USDOperating income, FY2025: 11.08B USDNet income, FY2021: 22.45B USDNet income, FY2022: 18.79B USDNet income, FY2023: 7.98B USDNet income, FY2024: 6.17B USDNet income, FY2025: 2.47B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 54.5B USD. Revenue FY2022 43.84B USD. Revenue FY2023 41.78B USD. Revenue FY2024 38.06B USD. Revenue FY2025 38.23B USD. Operating income FY2021 27.69B USD. Operating income FY2022 17.21B USD. Operating income FY2023 14.21B USD. Operating income FY2024 10.79B USD. Operating income FY2025 11.08B USD. Net income FY2021 22.45B USD. Net income FY2022 18.79B USD. Net income FY2023 7.98B USD. Net income FY2024 6.17B USD. Net income FY2025 2.47B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue38.23B USD38.06B USD41.78B USD43.84B USD54.5B USD
Cost of goods sold25.09B USD24.27B USD24.09B USD24.03B USD21.73B USD
Gross profit13.14B USD13.79B USD17.7B USD19.81B USD32.77B USD
Research and development688.77M USD790M USD720.34M USD660M USD549M USD
Selling, general, and administrative566.7M USD566M USD506M USD474M USD439M USD
Operating expenses2.06B USD3B USD3.49B USD2.6B USD5.08B USD
Interest income431.2M USD155M USD−176M USD439.93M USD226.46M USD
Interest expense1.56B USD1.14B USD1.34B USD1.19B USD1.94B USD
Depreciation and amortization3.04B USD3.06B USD3.07B USD3.17B USD3.03B USD
Operating income11.08B USD10.79B USD14.21B USD17.21B USD27.69B USD
Net income2.47B USD6.17B USD7.98B USD18.79B USD22.45B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-21.33%
11 comparable reports
Latest EPS result
0.36
Estimate 0.41 · Miss by 12.20%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.750.16-0.43-1.02Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 0.2, estimate 0.56, surprise -64.29%, Miss. Q2 2025, reported Apr 24, 2025: actual 0.35, estimate 0.37, surprise -5.41%, Miss. Q3 2025, reported Jul 31, 2025: actual 0.5, estimate 0.34, surprise +47.06%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.63, estimate 0.49, surprise +28.57%, Beat. Q1 2026, reported Feb 12, 2026: actual -0.9, estimate 0.57, surprise -257.89%, Miss. Q2 2026, reported Apr 28, 2026: actual 0.44, estimate 0.47, surprise -6.38%, Miss. Q3 2026, reported Jul 30, 2026: actual 0.36, estimate 0.41, surprise -12.20%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.478, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.5B10.23B8.95B7.68BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 9.6B USD, estimate 10.05B USD, surprise -4.40%, Miss. Q2 2025, reported Apr 24, 2025: actual 8.12B USD, estimate 9.45B USD, surprise -14.11%, Miss. Q3 2025, reported Jul 31, 2025: actual 8.8B USD, estimate 9.4B USD, surprise -6.37%, Miss. Q4 2025, reported Oct 30, 2025: actual 10.41B USD, estimate 10.81B USD, surprise -3.70%, Miss. Q1 2026, reported Feb 12, 2026: actual 11.06B USD, estimate 10.9B USD, surprise +1.46%, Beat. Q2 2026, reported Apr 28, 2026: actual 9.26B USD, estimate 9.53B USD, surprise -2.84%, Miss. Q3 2026, reported Jul 30, 2026: actual 10.5B USD, estimate 10.47B USD, surprise +0.24%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 10.55B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$17.00

16.52% upside
Past 12 months12-month forecastHigh $19.00Average $17.00Low $15.00

Rating distribution

37 ratings
Strong buy00%
Buy1335%
Hold2054%
Sell411%
Strong sell00%

VALE news

reuters.com

Mariana, 18 more Brazil cities join Vale-BHP dam collapse compensation deal

The compensation agreement with miners BHP , Vale and Samarco for the Mariana dam collapse in 2015 has been joined by 19 new cities, ​including the one that was the epicenter of the disaster, a Brazilian ‌court said on…

Read source
defenseworld.net

Cetera Investment Advisers Cuts Stock Position in Vale S.A. $VALE

Cetera Investment Advisers lowered its stake in shares of Vale S.A. (NYSE: VALE) by 21.6% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange…

Read source
247wallst.com

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Archer-Daniels Midland, Best Buy, Burlington Stores, Dell Technologies, e.l.f. Beauty, Humana, Transdigm, Vale, and More

Wall Street analysts reshuffled their ratings on Wednesday, sending some familiar names higher while punishing others with sharp target cuts. Find out which stocks got surprise upgrades and which ones analysts are now…

Read source
zacks.com

Vale Q2 Earnings Call Spotlights Copper Growth and Cost Reset

VALE's Q2 call puts faster copper growth, higher iron ore costs, freight protection and disciplined payouts at the center of its 2026 agenda.

Read source
seekingalpha.com

Vale Q2: Buy Rating Maintained Despite Emerging Risks

Vale remains a Buy, supported by robust Q2 revenue growth and a strengthening Base Metals segment. VALE's iron ore business provides predictability, while Base Metals—now 25% of revenue—shows 42% YoY growth and narrowed…

Read source
marketbeat.com

Vale Q2 Earnings Call Highlights

Vale NYSE: VALE said its second-quarter 2026 operating performance supported confidence in meeting annual production guidance, as higher volumes, improved price realization and gains at its base-metals operations lifted…

Read source

ETFs holding VALE

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Latin America 40 ETF logoiShares Latin America 40 ETFILF
Market value
289.4M
Weight
7.99%
AUM
3.72B USD
Expense ratio
0.47%
Price / 1D
$34.68+2.85%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
119.03M
Weight
0.43%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
63.76M
Weight
0.36%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.38+0.61%
State Street SPDR S&P Global Natural Resources ETF logoState Street SPDR S&P Global Natural Resources ETFGNR
Market value
59.28M
Weight
1.16%
AUM
5.12B USD
Expense ratio
0.40%
Price / 1D
$79.26+1.76%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
28.41M
Weight
0.30%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
26.45M
Weight
0.27%
AUM
10B USD
Expense ratio
0.29%
Price / 1D
$39.49+0.51%
Capital Group New Geography Equity ETF logoCapital Group New Geography Equity ETFCGNG
Market value
24.24M
Weight
0.82%
AUM
2.95B USD
Expense ratio
0.64%
Price / 1D
$36.92+1.10%
Capital Group International Core Equity ETF logoCapital Group International Core Equity ETFCGIC
Market value
15.81M
Weight
0.64%
AUM
2.48B USD
Expense ratio
0.54%
Price / 1D
$37.15+0.95%

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