Vale S.A.
VALE · Metal Mining · EDGAR filings ↗
Reference price $16.09 — last insider purchase, 2026-06-16 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B71Dominant global iron-ore franchise with top-tier margins but a sharp cyclical earnings decline in a stale period.
Strengths
- One of the world's largest, lowest-cost iron ore producers with integrated logistics — a durable scale moat
- Net margin 11.3% (82nd pct), operating margin 18.9% (72nd pct) and ROA 4.2% (86th pct)
Risks
- FY2012 earnings down 76% and revenue down 22% on a commodity downturn
- Heavy China demand concentration and capital-intensity risk; data is very stale (FY2012)
Notable findings
- Customer concentration~51% of revenue from one customer/distributor — The percentage of our net operating revenue attributable to sales to customers in China was 51% in 2025
- Strong balance sheetStrong balance sheet — $7.4B cash & investments
- Insider buyingInsider buying — 3 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$383,320, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
35.0%
Operating margin
15.4%
Net margin
5.2%
Return on equity
5.8%
Return on assets
2.3%
Revenue growth (QoQ)
30.4%
Net-income growth
-66.8%
Interest coverage
4.5×
Current ratio
1.2×
Tangible book value
$34.4B
Cash & investments
$7.4B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Quintao Lara Anelise | Buy | 338 | $16.09 |
| 2026-06-16 | Quintao Lara Anelise | Sell | 200 | $16.12 |
| 2026-06-16 | Quintao Lara Anelise | Sell | 5 | $16.11 |
| 2026-06-16 | Quintao Lara Anelise | Sell | 44 | $16.12 |
| 2026-05-04 | Pereira Murat do Pillar Samanta | Grant | 2.1K | $15.89 |
| 2026-04-01 | Senna Medeiros Carlos Henrique | Grant | 26K | — |
| 2026-04-01 | Duarte Pimenta Gustavo | Grant | 44K | — |
| 2026-04-01 | Feriozzi Bacci Marcelo | Grant | 20K | — |
| 2026-04-01 | Tavares Nogueira Rogerio | Grant | 13K | — |
| 2026-04-01 | Arap Sobrinho Sami | Buy | 13K | $16.11 |
| 2026-04-01 | Arap Sobrinho Sami | Grant | 13K | — |
| 2026-04-01 | de Souza Funo Elaine Maria | Grant | 6.9K | — |
| 2026-04-01 | Jabur Bittar Rafael | Grant | 15K | — |
| 2026-04-01 | Pereira Murat do Pillar Samanta | Grant | 10K | — |
| 2026-04-01 | Tallia Parenti Grazielle | Buy | 10K | $16.11 |
| 2026-04-01 | Tallia Parenti Grazielle | Grant | 10K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-27 | 2025-12-31 | 0001292814-26-001844 ↗ |
| 20-F | 2025-03-28 | 2024-12-31 | 0001292814-25-001137 ↗ |
| 20-F | 2024-04-19 | 2023-12-31 | 0001292814-24-001463 ↗ |
| 20-F | 2023-04-13 | 2022-12-31 | 0001292814-23-001516 ↗ |
| 20-F | 2022-04-14 | 2021-12-31 | 0001104659-22-046078 ↗ |