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Vale SA
BOVESPA:VALE3

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Vale SA
BOVESPA:VALE3
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Price: 87.22 BRL -1.7%
Market Cap: R$372.3B

EV/EBITDA

5.3
Current
35%
More Expensive
vs 3-y average of 3.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.3
=
Enterprise Value
R$434.8B
/
EBITDA
R$77.9B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.3
=
Enterprise Value
R$434.8B
/
EBITDA
R$77.9B

Valuation Scenarios

Vale SA is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (3.9), the stock would be worth R$64.72 (26% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-32%
Maximum Upside
+22%
Average Downside
3%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 5.3 R$87.22
0%
3-Year Average 3.9 R$64.72
-26%
5-Year Average 3.5 R$58.89
-32%
Industry Average 6.4 R$106.76
+22%
Country Average 6.4 R$106.4
+22%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
R$434.8B
/
Jan 2026
R$77.9B
=
5.3
Current
R$434.8B
/
Dec 2026
R$89.7B
=
4.8
Forward
R$434.8B
/
Dec 2027
R$88.7B
=
4.9
Forward
R$434.8B
/
Dec 2028
R$91.6B
=
4.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
BR
Vale SA
BOVESPA:VALE3
378.8B BRL 5.3 27
ZA
Kumba Iron Ore Ltd
JSE:KIO
103.3B ZAR 3.5 7.1
US
Nucor Corp
NYSE:NUE
47.6B USD 12.9 28.2
LU
ArcelorMittal SA
AEX:MT
39.8B EUR 9.4 14.5
AU
Fortescue Metals Group Ltd
ASX:FMG
65.2B AUD 8.1 11.9
AU
Fortescue Ltd
XMUN:FVJ
39.5B EUR 8.2 12.3
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 13.9 41.1
US
Steel Dynamics Inc
NASDAQ:STLD
32.2B USD 18.1 28
IN
Tata Steel Ltd
NSE:TATASTEEL
2.6T INR 10.7 29
US
Carpenter Technology Corp
NYSE:CRS
21.9B USD 29 48.4
US
Allegheny Technologies Inc
NYSE:ATI
21.6B USD 25.6 51.5

Market Distribution

In line with most companies in Brazil
Percentile
34th
Based on 483 companies
34th percentile
5.3
Low
0.4 — 5.1
Typical Range
5.1 — 9.2
High
9.2 —
Distribution Statistics
Brazil
Min 0.4
30th Percentile 5.1
Median 6.4
70th Percentile 9.2
Max 1 748.1

Vale SA
Glance View

Vale S.A., a titan in the world of mining and metals, has carved its place as one of the foremost global leaders through its expansive operations and strategic ventures. Originating from Brazil, Vale's journey began in the mid-20th century, growing from a state-controlled enterprise into a privatized powerhouse by the late 1990s. Today, the company is synonymous with the extraction and production of iron ore, a fundamental material driving the steel industry. Through its extensive mining operations, primarily situated in the mineral-rich terrains of Brazil, Vale feeds the ever-growing global demand for raw materials, particularly from rapidly industrializing countries like China. Yet, while iron ore is the linchpin of its operations, Vale has adeptly diversified its portfolio, venturing robustly into nickel, manganese, copper, and coal, thus fortifying its presence across multiple segments of the mining sector. Vale's financial success is largely attributed to its comprehensive supply chain and economies of scale. The company not only mines these essential minerals but also manages the logistics of transporting them through its strategically located railways, ships, and ports, specifically designed to streamline the path from ore extraction to delivery. This vertical integration ensures cost efficiency and allows Vale to exercise more control over quality and timing, thereby strengthening its market competitiveness. Furthermore, Vale's investments in sustainable practices and renewable energy, while addressing environmental concerns, also stand to cater to a growing market of eco-conscious consumers and investors. On the revenue front, Vale benefits from long-term contracts and partnerships with steelmakers and industrial entities worldwide, ensuring a steady demand for its products. Through its strategic infrastructure and a diversified product suite, Vale continues to steer its path through the intricacies of the global commodities market.

VALE3 Intrinsic Value
70.41 BRL
Overvaluation 19%
Intrinsic Value
Price R$87.22
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