Vale is the world's largest iron ore miner and a key supplier to the global steel industry. It is leveraged to Chinese raw materials demand, which we expect to slow as the country's infrastructure-led investment boom wanes and as recycled steel becomes a growing source of supply.
Vale's lower unit costs relative to producers in India and China, as well as high-cost producers such as Anglo American, allow it to remain profitable even in depressed price environments.
We believe China's real estate- and infrastructure-driven economic growth has likely peaked and prices for materials such as iron ore will decline in future.
|
Metric
|
VALE
|
BHP
|
RIO
|
|---|---|---|---|
Price/Earnings (Normalized) | 5.96 | 10.68 | 10.88 |
Price/Book Value | 1.29 | 3.48 | 2.39 |
Price/Sales | 1.17 | 2.61 | 2.37 |
Price/Cash Flow | 3.64 | 6.75 | 7.73 |
|
Metric
|
VALE
|
BHP
|
RIO
|
|---|---|---|---|
Quick Ratio | 0.44 | 1.08 | 1.04 |
Current Ratio | 1.12 | 1.57 | 1.69 |
Interest Coverage | 8.77 | 7.59 | 8.04 |
|
Metric
|
VALE
|
BHP
|
RIO
|
|---|---|---|---|
Return on Assets (Normalized) | 10.67% | 13.90% | 11.84% |
Return on Equity (Normalized) | 25.34% | 31.67% | 22.48% |
Return on Invested Capital (Normalized) | 18.70% | 21.70% | 19.38% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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