Vale S.A. (NYSE: VALE)

$13.63-1.23%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Market Cap: $58.01B
P/E (TTM): 27.3x
P/B: 1.6x
EPS (TTM): $0.50
Dividend Yield: 8.66%
52-Week Range: $9.67 – $17.94
Volume: 20.78M
Previous Close: $13.80

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-1.23%

1 Week

-8.46%

1 Month

-3.95%

YTD

+4.60%

1 Year

+38.94%

5 Years

-29.41%

About Vale S.A.

US Ticker: VALE
B3 Ticker: VALE3
Exchange: NYSE
Currency: USD
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Headquarters: Rio De Janeiro, RJ, Brazil
Employees: 65,805
CEO: Mr. Gustavo Duarte Pimenta
Founded: 1942

Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania.

The company operates in two segments, Iron Ore Solutions and Vale Base Metals.

It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous products, and by-products, including gold, silver, cobalt, platinum-group metals, and other base metals, as well as low-carbon critical minerals.

The company also operates logistics systems and distribution centers, such as mining complexes, railways, and maritime terminals, ports, and ships; generates energy from hydroelectric, solar, and wind sources; and engages in greenfield mineral exploration.

In addition, it is involved in research; and trading activities.

The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009.

Vale S.A. was founded in 1942 and is headquartered in Rio De Janeiro, Brazil.

vale.com

Analyst Ratings

Consensus of 25 Wall Street analysts · sourced from Yahoo Finance

2.3Buy

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$12.00

Average

$16.82

High

$21.00

The average target is +23.37% above the current price of $13.63.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Vale S.A.'s income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 4.9%
ROE: 5.3%
Rev Growth (YoY): +7.81%
Net Debt / EBITDA: 0.91×
Current Ratio: 1.19×
Interest Coverage: 7.23×
Free Cash Flow: 3.86B
Payout Ratio: 219.3%

Income — Margins & Efficiency

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$41,219,884,941	+7.8%	$38,232,483,000	+0.5%	$38,056,000,000	-8.9%	$41,784,000,000	-4.7%	$43,839,000,000	-19.6%	$54,502,000,000	+37.8%	$39,545,000,000	+9.9%	$35,984,226,495	-1.6%	$36,575,000,000	+7.7%	$33,967,000,000	+23.6%	$27,488,000,000	+7.3%	$25,609,000,000	-33.0%	$38,236,000,000	-18.2%	$46,767,000,000	-1.9%	$47,694,000,000	-19.1%	$58,990,000,000	+30.2%	$45,293,000,000	+62.9%	$27,799,528,802	-25.7%	$37,426,000,000	+16.1%	$32,242,000,000	+64.1%	$19,651,000,000
Gross profit	$14,147,567,503	+7.7%	$13,139,144,000	-4.7%	$13,791,000,000	-22.1%	$17,695,000,000	-10.7%	$19,811,000,000	-39.6%	$32,773,000,000	+49.1%	$21,981,000,000	+29.5%	$16,967,209,033	+17.3%	$14,466,000,000	+11.9%	$12,928,000,000	+31.4%	$9,838,000,000	+93.1%	$5,096,000,000	-59.2%	$12,475,000,000	-44.6%	$22,522,000,000	+6.2%	$21,212,000,000	-40.1%	$35,417,000,000	+33.8%	$26,479,000,000	+122.3%	$11,909,497,905	-39.8%	$19,785,000,000	+25.4%	$15,779,000,000	+66.0%	$9,504,000,000
Operating income	$11,673,154,895	+5.3%	$11,081,415,000	+2.7%	$10,788,000,000	-24.1%	$14,205,000,000	-17.5%	$17,208,000,000	-37.9%	$27,693,000,000	+116.0%	$12,823,000,000	+235.0%	$3,827,685,723	-68.0%	$11,955,000,000	+9.4%	$10,930,000,000	+55.0%	$7,052,000,000	+215.0%	-$6,131,000,000	-185.4%	$7,178,000,000	-52.3%	$15,063,000,000	+61.5%	$9,325,000,000	-69.0%	$30,112,000,000	+38.8%	$21,695,000,000	+387.1%	-$7,555,789,944	-151.2%	$14,748,000,000	+11.8%	$13,194,000,000	+72.8%	$7,637,000,000
EBITDA	$14,669,251,420	+56.5%	$9,370,936,000	-15.4%	$11,071,000,000	-28.8%	$15,560,000,000	-34.5%	$23,744,725,000	-30.4%	$34,128,000,000	+171.7%	$12,562,000,000	-29.8%	$17,906,403,937	+43.2%	$12,501,251,170	-12.6%	$14,306,540,505	+31.8%	$10,851,000,000	+174.0%	-$14,663,864,368	-207.1%	$13,691,000,000	-28.9%	$19,249,000,000	+3.7%	$18,556,000,000	-44.4%	$33,359,000,000	+27.2%	$26,220,000,000	+129.9%	$11,403,000,000	-35.9%	$17,789,000,000	+9.3%	$16,282,000,000	+60.2%	$10,164,000,000
Net profit	$2,029,794,074	-17.9%	$2,472,640,000	-59.9%	$6,166,000,000	-22.8%	$7,983,000,000	-57.5%	$18,788,000,000	-16.3%	$22,445,000,000	+359.8%	$4,881,000,000	+394.0%	-$1,659,949,245	-124.2%	$6,860,000,000	+24.6%	$5,507,000,000	+38.3%	$3,982,000,000	+132.8%	-$12,129,000,000	-1946.1%	$657,000,000	+12.5%	$584,000,000	-89.1%	$5,373,000,000	-76.5%	$22,885,000,000	+32.6%	$17,264,000,000	+193.9%	$5,875,069,504	-55.6%	$13,218,000,000	+11.8%	$11,825,000,000	+81.1%	$6,528,000,000
Gross margin	34.3%	-0.0 p.p.	34.4%	-1.9 p.p.	36.2%	-6.1 p.p.	42.3%	-2.8 p.p.	45.2%	-14.9 p.p.	60.1%	+4.5 p.p.	55.6%	+8.4 p.p.	47.2%	+7.6 p.p.	39.6%	+1.5 p.p.	38.1%	+2.3 p.p.	35.8%	+15.9 p.p.	19.9%	-12.7 p.p.	32.6%	-15.5 p.p.	48.2%	+3.7 p.p.	44.5%	-15.6 p.p.	60.0%	+1.6 p.p.	58.5%	+15.6 p.p.	42.8%	-10.0 p.p.	52.9%	+3.9 p.p.	48.9%	+0.6 p.p.	48.4%
Operating margin	28.3%	-0.7 p.p.	29.0%	+0.6 p.p.	28.3%	-5.6 p.p.	34.0%	-5.3 p.p.	39.3%	-11.6 p.p.	50.8%	+18.4 p.p.	32.4%	+21.8 p.p.	10.6%	-22.0 p.p.	32.7%	+0.5 p.p.	32.2%	+6.5 p.p.	25.7%	+49.6 p.p.	-23.9%	-42.7 p.p.	18.8%	-13.4 p.p.	32.2%	+12.7 p.p.	19.6%	-31.5 p.p.	51.0%	+3.1 p.p.	47.9%	+75.1 p.p.	-27.2%	-66.6 p.p.	39.4%	-1.5 p.p.	40.9%	+2.1 p.p.	38.9%
EBITDA margin	35.6%	+11.1 p.p.	24.5%	-4.6 p.p.	29.1%	-8.1 p.p.	37.2%	-16.9 p.p.	54.2%	-8.5 p.p.	62.6%	+30.9 p.p.	31.8%	-18.0 p.p.	49.8%	+15.6 p.p.	34.2%	-7.9 p.p.	42.1%	+2.6 p.p.	39.5%	+96.7 p.p.	-57.3%	-93.1 p.p.	35.8%	-5.4 p.p.	41.2%	+2.3 p.p.	38.9%	-17.6 p.p.	56.6%	-1.3 p.p.	57.9%	+16.9 p.p.	41.0%	-6.5 p.p.	47.5%	-3.0 p.p.	50.5%	-1.2 p.p.	51.7%
Net margin	4.9%	-1.5 p.p.	6.5%	-9.7 p.p.	16.2%	-2.9 p.p.	19.1%	-23.8 p.p.	42.9%	+1.7 p.p.	41.2%	+28.8 p.p.	12.3%	+17.0 p.p.	-4.6%	-23.4 p.p.	18.8%	+2.5 p.p.	16.2%	+1.7 p.p.	14.5%	+61.8 p.p.	-47.4%	-49.1 p.p.	1.7%	+0.5 p.p.	1.2%	-10.0 p.p.	11.3%	-27.5 p.p.	38.8%	+0.7 p.p.	38.1%	+17.0 p.p.	21.1%	-14.2 p.p.	35.3%	-1.4 p.p.	36.7%	+3.5 p.p.	33.2%
Revenue growth (YoY)	7.8%	+7.4 p.p.	0.5%	+9.4 p.p.	-8.9%	-4.2 p.p.	-4.7%	+14.9 p.p.	-19.6%	-57.4 p.p.	37.8%	+27.9 p.p.	9.9%	+11.5 p.p.	-1.6%	-9.3 p.p.	7.7%	-15.9 p.p.	23.6%	+16.2 p.p.	7.3%	+40.4 p.p.	-33.0%	-14.8 p.p.	-18.2%	-16.3 p.p.	-1.9%	+17.2 p.p.	-19.1%	-49.4 p.p.	30.2%	-32.7 p.p.	62.9%	+88.6 p.p.	-25.7%	-41.8 p.p.	16.1%	-48.0 p.p.	64.1%	—	—
Effective tax rate	63.1%	+7.4 p.p.	55.8%	+45.0 p.p.	10.8%	-16.5 p.p.	27.3%	+12.3 p.p.	15.0%	-0.9 p.p.	15.9%	+5.4 p.p.	10.5%	-425.8 p.p.	436.3%	+438.9 p.p.	-2.5%	-21.6 p.p.	19.1%	-15.7 p.p.	34.8%	+6.1 p.p.	28.8%	-48.5 p.p.	77.3%	-17.1 p.p.	94.4%	+124.8 p.p.	-30.4%	-50.2 p.p.	19.7%	+1.5 p.p.	18.2%	+50.3 p.p.	-32.1%	-36.1 p.p.	4.0%	-17.0 p.p.	21.0%	+2.7 p.p.	18.3%
Interest coverage	7.23×	+77.8%	4.07×	-42.3%	7.05×	-24.4%	9.33×	-46.0%	17.26×	+7.8%	16.01×	+371.8%	3.39×	-14.6%	3.97×	-33.1%	5.94×	+83.6%	3.23×	-5.6%	3.43×	+116.3%	-20.98×	-755.1%	3.20×	-52.2%	6.70×	+10.0%	6.09×	-48.7%	11.86×	+36.7%	8.68×	+17.3%	7.40×	-12.8%	8.49×	-4.1%	8.85×	+29.2%	6.85×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$13,362,378,000	+11.5%	$11,987,408,000	-6.2%	$12,784,658,000	-3.1%	$13,188,000,000	+23.2%	$10,701,000,000	+95.3%	$5,480,000,000	-31.5%	$8,005,000,000	-83.7%	$49,106,929,000	-6.3%	$52,392,432,000	-20.8%	$66,133,852,000	-25.0%	$88,223,759,000	-13.7%	$102,268,302,000	+279.1%	$26,974,000,000	+3.3%	$26,109,000,000	-1.0%	$26,370,000,000	+46.4%	$18,007,000,000	+6.1%	$16,978,000,000	+2.6%	$16,541,224,083	+109.0%	$7,914,000,000	-56.0%	$17,984,000,000	-0.8%	$18,134,000,000
Net Debt / Equity	0.35×	-1.3%	0.36×	-6.8%	0.38×	+14.0%	0.34×	+12.4%	0.30×	+87.7%	0.16×	-29.0%	0.22×	-82.2%	1.26×	+7.8%	1.17×	-20.9%	1.48×	-31.3%	2.15×	-24.9%	2.86×	+481.0%	0.49×	+19.6%	0.41×	+16.6%	0.35×	+52.6%	0.23×	-6.0%	0.25×	-18.2%	0.30×	+62.1%	0.19×	-65.6%	0.54×	-41.4%	0.92×
Net Debt / EBITDA	0.91×	-28.8%	1.28×	+10.8%	1.15×	+36.2%	0.85×	+88.1%	0.45×	+180.7%	0.16×	-74.8%	0.64×	-76.8%	2.74×	-34.6%	4.19×	-9.3%	4.62×	-43.1%	8.13×	+216.6%	-6.97×	-454.0%	1.97×	+45.3%	1.36×	-4.6%	1.42×	+163.3%	0.54×	-16.6%	0.65×	-55.4%	1.45×	+226.1%	0.44×	-59.7%	1.10×	-38.1%	1.78×
Debt / Equity	0.50×	-13.5%	0.58×	+8.6%	0.53×	+24.2%	0.43×	-0.7%	0.43×	-13.7%	0.50×	-17.0%	0.60×	-58.5%	1.45×	+11.6%	1.30×	-17.5%	1.57×	-30.2%	2.25×	-24.0%	2.96×	+424.1%	0.57×	+14.0%	0.50×	+14.9%	0.43×	+55.8%	0.28×	-22.3%	0.36×	-18.9%	0.44×	+2.5%	0.43×	-25.0%	0.57×	-50.2%	1.15×
Current ratio	1.19×	+3.4%	1.15×	+11.9%	1.03×	-19.3%	1.28×	+14.2%	1.12×	-24.0%	1.47×	-12.0%	1.67×	+35.8%	1.23×	-26.7%	1.68×	+16.1%	1.45×	-28.1%	2.01×	+36.9%	1.47×	-22.1%	1.88×	-25.7%	2.54×	+41.4%	1.79×	-8.9%	1.97×	+10.9%	1.77×	-19.2%	2.20×	-31.6%	3.21×	+184.5%	1.13×	-36.2%	1.77×
Return on equity (ROE)	5.3%	-2.0 p.p.	7.4%	-11.1 p.p.	18.4%	-1.9 p.p.	20.3%	-32.1 p.p.	52.4%	-12.7 p.p.	65.1%	+51.5 p.p.	13.7%	+17.9 p.p.	-4.3%	-19.6 p.p.	15.3%	+3.0 p.p.	12.3%	+2.6 p.p.	9.7%	+43.7 p.p.	-34.0%	-35.2 p.p.	1.2%	+0.3 p.p.	0.9%	-6.3 p.p.	7.2%	-22.2 p.p.	29.4%	+4.4 p.p.	25.1%	+14.4 p.p.	10.7%	-20.4 p.p.	31.1%	-4.5 p.p.	35.5%	+2.4 p.p.	33.2%
Return on assets (ROA)	2.3%	-0.6 p.p.	2.8%	-4.8 p.p.	7.7%	-0.8 p.p.	8.5%	-13.1 p.p.	21.6%	-3.5 p.p.	25.1%	+19.8 p.p.	5.3%	+7.1 p.p.	-1.8%	-9.6 p.p.	7.8%	+2.2 p.p.	5.6%	+1.5 p.p.	4.0%	+17.7 p.p.	-13.7%	-14.3 p.p.	0.6%	+0.1 p.p.	0.5%	-3.6 p.p.	4.1%	-13.7 p.p.	17.8%	+4.4 p.p.	13.4%	+7.5 p.p.	5.8%	-10.7 p.p.	16.5%	+1.1 p.p.	15.4%	+4.7 p.p.	10.7%
Book value / share	$8.91	+13.2%	$7.87	+0.5%	$7.83	-12.9%	$9.00	+16.4%	$7.73	+12.3%	$6.88	-1.3%	$6.97	-8.4%	$7.60	-11.9%	$8.63	+0.1%	$8.61	+9.1%	$7.89	+14.9%	$6.87	-35.3%	$10.62	-13.6%	$12.29	-15.9%	$14.61	-1.4%	$14.81	+12.8%	$13.13	+28.4%	$10.23	+21.7%	$8.41	+23.4%	$6.81	+68.0%	$4.05

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.40/share · yield 2.93%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Vale S.A. trades on 6 exchanges. Prices on this page are the NYSE ADR (VALE).

Exchange	Ticker	Currency
NYSEpriced here	VALE	USD
B3 (São Paulo)	VALE3	BRL
Frankfurt	CVLB	EUR
Latibex (Madrid)	XVALO	EUR
Mexico (BMV)	VALE	MXN
Buenos Aires (BYMA)	VALE	ARS

Frequently Asked Questions

Why hold Vale S.A. VALE ADR instead of local B3 VALE3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Vale S.A. listed?

Vale S.A. trades on 6 exchanges. The line quoted on this page is NYSE in the United States (VALE, US dollars). It also trades on B3 (São Paulo) in Brazil (VALE3, Brazilian reais), Frankfurt in Germany (CVLB, euros), Latibex (Madrid) in Spain (XVALO, euros), Mexico (BMV) in Mexico (VALE, Mexican pesos) and Buenos Aires (BYMA) in Argentina (VALE, Argentine pesos).

On how many exchanges does Vale S.A. trade?

6. NYSE — VALE (USD) · B3 (São Paulo) — VALE3 (BRL) · Frankfurt — CVLB (EUR) · Latibex (Madrid) — XVALO (EUR) · Mexico (BMV) — VALE (MXN) · Buenos Aires (BYMA) — VALE (ARS). Prices shown on this page are the NYSE line, VALE.

What is Vale S.A.'s primary listing?

Vale S.A.'s primary listing is on the B3 in Brazil, where the shares trade as VALE3 in reais — the company's home market. The NYSE line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between VALE and VALE3?

They are the same company and, economically, the same asset. VALE3 is the original Brazilian share, listed on the B3 and quoted in reais. VALE is an American Depositary Receipt over that share, listed on the NYSE and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The VALE price therefore tracks two things: VALE3 in reais, and the USD/BRL exchange rate.

How can I buy Vale S.A. stock in Europe?

Vale S.A. trades in euros on 2 European venues: Frankfurt in Germany (CVLB) and Latibex (Madrid) in Spain (XVALO). A European broker with access to any of them can buy it in EUR, with no currency conversion on your side. The price shown on this page is the NYSE line (VALE), quoted in US dollars.

How can I buy Vale S.A. stock in the United States?

Vale S.A. is listed on the NYSE under VALE, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 14, 2026

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