| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 77 | 29.9x | 17.8x | Top tier | |
Growth | 23 | 14.2% | 7.1% | Bottom tier | |
Quality | 62 | 7.7% | 4.5% | Around median | |
Safety | 67 | 1.3x | 2.6x | Top tier | |
Capital Return | 88 | 9.11% | 2.12% | Top tier | |
Momentum | 64 | 38.4% | 2.9% | Around median | |
Sentiment | 84 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Vale S.A. is a global mining company whose operations are centered on iron ore and pellets, with a base-metals platform that includes copper and nickel. The company generates its cash flows from producing and selling these commodities, with iron ore remaining the largest financial driver; in Q2 FY2026, iron ore EBITDA exceeded $3 billion, while Vale Base Metals generated approximately $1.3 billion, an increase of nearly 80% year over year.
According to the latest submitted EDGAR financial statements, Q2 FY2025 revenue was approximately $8.8 billion, gross profit was $2.7 billion, net income was $2.1 billion, and earnings per share were $0.50; equivalent to a gross margin of approximately 30.7% and a net margin of approximately 23.9%. By comparison, Q2 FY2024 recorded revenue of $9.9 billion, gross profit of $3.6 billion, and net income of $2.8 billion, revealing a year-over-year decline in revenue and profitability in these statements.
In FY2025, revenue was $38.4 billion, gross profit was $13.5 billion, and net income was $2.4 billion, compared with $38.1 billion, $13.8 billion, and $6.2 billion, respectively, in FY2024. Despite revenue remaining nearly stable, gross margin declined from approximately 36.2% to 35.2%, while net income margin fell from approximately 16.3% to 6.3%, highlighting the gap between the reported improvement in operational execution in Q2 FY2026 and the weaker annual profitability in the latest submitted EDGAR data.
The average analyst price target is $17, within a range of $15 to $19, and is accompanied by a Hold consensus rather than a Buy consensus. The average is below the 52-week range high of $17.94, while the highest target slightly exceeds that high; the breadth of the target range reflects differing estimates regarding copper growth and operational improvements versus higher iron ore costs and declining annual profitability.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Pro forma adjusted EBITDA reached $4.1 billion, up 19% year over year. Iron ore contributed more than $3 billion, while Vale Base Metals contributed approximately $1.3 billion, an increase of nearly 80%. The improvement resulted from higher volumes, improved commercial performance, and higher realized prices, despite pressures from freight, diesel, and a stronger Brazilian real.
Bacaba is the first of six growth projects under the Carajás program, which aims to increase copper production to approximately 700 thousand tonnes annually by 2035. The company plans to begin commissioning it in Q3 FY2027 instead of H1 FY2028, and it has capacity of 50 thousand tonnes. According to management, project progress reached nearly 40%, its capital expenditure was reduced by approximately half, and its expected return increased from approximately 50% to nearly 70%.
C1 cash costs reached $24.1 per tonne in Q2 FY2026, up 9% year over year, while all-in costs reached $61.6 per tonne, up 18%. The company raised its FY2026 C1 guidance to $22.5–$23.5 per tonne and raised its all-in cost guidance to $58–$62. Management estimated that approximately 70% of the increase in C1 guidance resulted from external factors including exchange rates and diesel, while the Brent hedge provided a benefit of approximately $100 million during the quarter.
Automated analysis for informational purposes only — not investment advice.
The board approved $1.7 billion in dividends and interest on capital, payable in September 2026. The company repurchased $140 million in shares during Q2 FY2026, bringing purchases since the beginning of FY2026 to $214 million. The board also approved a program to repurchase up to 100 million shares over 18 months, equivalent to 2.3% of outstanding shares, alongside the reduction in expanded net debt to $16.7 billion.
Vale is carrying out work at Sossego over 110 days from August to November 2026, including replacement of the SAG mill shell and feed trunnion and upgrades to electrical systems. Management expects the shutdown to pressure copper volumes and costs in H2 FY2026, with the impact concentrated in Q3 FY2026. This comes as the Sequeirinho pit approaches the end of its operating life, while expansion opportunities identified through drilling have not yet been included in the life-of-mine plan.
On August 20, 2026, the city of Mariana and 18 other Brazilian cities joined the compensation agreement related to the collapse of the dam at Samarco, the joint venture between Vale and BHP. The step aims to end legal disputes ongoing since the collapse occurred in 2015, which could reduce long-term legal uncertainty. Nevertheless, the matter remains a source of environmental, social, and financial obligations, so expanding the agreement does not mean that the risks have been eliminated entirely.
