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.
|
Metric
|
VALE
|
FMG
|
BHP
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.61 | 9.71 | 18.82 |
Price/Book Value | 1.66 | 1.85 | 4.20 |
Price/Sales | 1.54 | 2.27 | 3.93 |
Price/Cash Flow | 6.76 | 5.11 | 9.90 |
|
Metric
|
VALE
|
FMG
|
BHP
|
|---|---|---|---|
Quick Ratio | 0.67 | 2.19 | 1.25 |
Current Ratio | 1.24 | 3.03 | 1.65 |
Interest Coverage | 3.04 | 16.12 | 11.54 |
|
Metric
|
VALE
|
FMG
|
BHP
|
|---|---|---|---|
Return on Assets (Normalized) | 6.88% | 12.28% | 10.39% |
Return on Equity (Normalized) | 16.27% | 18.66% | 23.83% |
Return on Invested Capital (Normalized) | 13.06% | 15.15% | 15.85% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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BHPLF
| LOCK|^vM@kC | LOCK|ywx | $207B | |||
| BHP Group Ltd ADR
BHP
| LOCK|>#qLGG | LOCK|@s? | $207B | |||
| Rio Tinto Ltd
RTNTF
| — | LOCK|<c | $180B | |||
| Rio Tinto PLC Ordinary Shares
RTPPF
| LOCK|PT%z?fw | LOCK|#VD | $148B | |||
| Rio Tinto PLC ADR
RIO
| LOCK|>@#v$@ | LOCK|qVZ | $148B | |||
| Grupo Mexico SAB de CV Class B
GMBXF
| — | LOCK|&^&$ | $94B | |||
| Grupo Mexico SAB de CV ADR
GPMXY
| — | LOCK|kX%dm | $94B | |||
| Anglo American PLC ADR
NGLOY
| LOCK|VsVR$> | LOCK|hBW | $50B | |||
| Teck Resources Ltd Class B (Sub Voting)
TECK
| LOCK|&><$HP | LOCK|Cj | $28B |
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United States