PT VALE INDONESIA TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,090 IDR | -0.24% |
|
-7.05% | -5.10% |
| 07:26am | Indonesia issues new mining permit for Vale Indonesia, minister says | RE |
| Apr. 20 | Vale Indonesia shareholders approve rights issue plan | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,604 | 3,547 | 3,255 | 4,515 | 2,784 | 2,505 | - | - |
| Enterprise Value (EV) 1 | 2,353 | 3,156 | 2,752 | 3,887 | 2,784 | 1,929 | 1,952 | 2,093 |
| P/E ratio | 45.2 x | 43 x | 19.6 x | 22.5 x | 10.2 x | 18.8 x | 15.5 x | 11.2 x |
| Yield | - | - | - | - | - | 2.11% | 0.86% | 1.56% |
| Capitalization / Revenue | 3.33 x | 4.64 x | 3.42 x | 3.83 x | 2.26 x | 2.57 x | 2.46 x | 2.23 x |
| EV / Revenue | 3.01 x | 4.13 x | 2.89 x | 3.3 x | 2.26 x | 1.98 x | 1.92 x | 1.87 x |
| EV / EBITDA | 10.1 x | 12.5 x | 7.02 x | 8.91 x | 5.57 x | 6.01 x | 5.41 x | 4.74 x |
| EV / FCF | -82.4 x | 22.5 x | 17.9 x | 29.9 x | - | -7.94 x | -9.49 x | 7.5 x |
| FCF Yield | -1.21% | 4.44% | 5.6% | 3.35% | - | -12.6% | -10.5% | 13.3% |
| Price to Book | 1.34 x | 1.76 x | 1.51 x | 1.92 x | - | 0.94 x | 0.9 x | 0.85 x |
| Nbr of stocks (in thousands) | 9,936,339 | 9,936,339 | 9,936,339 | 9,936,339 | 9,936,339 | 9,936,339 | - | - |
| Reference price 2 | 0.2621 | 0.3570 | 0.3276 | 0.4544 | 0.2801 | 0.2521 | 0.2521 | 0.2521 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/17/23 | 2/10/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 782 | 764.7 | 953.2 | 1,179 | 1,232 | 975.2 | 1,016 | 1,122 |
| EBITDA 1 | 232.4 | 252.9 | 391.9 | 436.4 | 499.6 | 320.7 | 361.1 | 441.2 |
| EBIT 1 | 88.29 | 103.9 | 223 | 272 | 302.2 | 163.2 | 213.9 | 294.8 |
| Operating Margin | 11.29% | 13.58% | 23.4% | 23.06% | 24.52% | 16.73% | 21.05% | 26.27% |
| Earnings before Tax (EBT) 1 | 89.14 | 104.6 | 220.6 | 275.8 | 352.5 | 186.8 | 201.3 | 268.9 |
| Net income 1 | 57.4 | 82.82 | 165.8 | 200.4 | 274.3 | 134.1 | 157.1 | 214.2 |
| Net margin | 7.34% | 10.83% | 17.39% | 16.99% | 22.26% | 13.75% | 15.46% | 19.09% |
| EPS 2 | 0.005800 | 0.008300 | 0.0167 | 0.0202 | 0.0276 | 0.0134 | 0.0162 | 0.0226 |
| Free Cash Flow 1 | -28.57 | 140.2 | 154 | 130.1 | - | -243 | -205.8 | 279 |
| FCF margin | -3.65% | 18.34% | 16.15% | 11.03% | - | -24.92% | -20.25% | 24.86% |
| FCF Conversion (EBITDA) | - | 55.45% | 39.29% | 29.81% | - | - | - | 63.24% |
| FCF Conversion (Net income) | - | 169.32% | 92.87% | 64.92% | - | - | - | 130.26% |
| Dividend per Share 2 | - | - | - | - | - | 0.005330 | 0.002160 | 0.003940 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/17/23 | 2/10/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 360.4 | 414.9 | 271.5 | 266.7 | - | - | 309.2 | - | - | 295.8 | 659 | 278.9 | - | 239 | - | - | - | - |
| EBITDA 1 | 111.8 | 161.2 | 125 | 105.6 | - | - | 103 | - | - | 121.3 | 282.8 | - | - | 80 | - | - | - | - |
| EBIT 1 | 38.66 | - | 81.01 | 61.55 | - | - | - | - | - | 78.92 | 198.6 | 59.42 | - | 35 | - | - | - | - |
| Operating Margin | 10.73% | - | 29.84% | 23.08% | - | - | - | - | - | 26.68% | 30.14% | 21.3% | - | 14.64% | - | - | - | - |
| Earnings before Tax (EBT) | 44.14 | - | - | - | - | - | - | - | - | - | - | 67.53 | - | - | - | - | - | - |
| Net income 1 | 53.13 | 58.79 | 64.15 | 42.86 | 67.65 | 82.81 | 17.93 | 32.02 | - | 70.36 | 168.5 | 52.57 | 53.25 | 35.44 | 30.73 | 22.98 | 23.26 | - |
| Net margin | 14.74% | 14.17% | 23.63% | 16.07% | - | - | 5.8% | - | - | 23.79% | 25.57% | 18.85% | - | 14.83% | - | - | - | - |
| EPS 2 | - | - | 0.006500 | 0.004300 | 0.006800 | 0.008300 | 0.001800 | 0.003300 | - | 0.007100 | - | 0.005300 | 0.005400 | 0.004320 | 0.003090 | 0.002310 | 0.002340 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 7/27/21 | 10/28/21 | 2/24/22 | 5/9/22 | 7/28/22 | 10/27/22 | 2/17/23 | 4/28/23 | 7/28/23 | 7/28/23 | 11/3/23 | 2/10/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 251 | 391 | 504 | 628 | - | 576 | 553 | 412 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -28.6 | 140 | 154 | 130 | - | -243 | -206 | 279 |
| ROE (net income / shareholders' equity) | 3% | 4.18% | 7.94% | 8.89% | - | 5.04% | 5.46% | 6.65% |
| ROA (Net income/ Total Assets) | 2.59% | 3.65% | 6.93% | 7.81% | - | 4.27% | 4.35% | 4.63% |
| Assets 1 | 2,216 | 2,269 | 2,394 | 2,565 | - | 3,136 | 3,615 | 4,631 |
| Book Value Per Share 2 | 0.2000 | 0.2000 | 0.2200 | 0.2400 | - | 0.2700 | 0.2800 | 0.3000 |
| Cash Flow per Share 2 | 0.0400 | 0.0300 | 0.0300 | 0.0400 | - | 0.0300 | 0.0300 | - |
| Capex 1 | 167 | 152 | 181 | 219 | - | 369 | 305 | 203 |
| Capex / Sales | 21.3% | 19.9% | 18.95% | 18.55% | - | 37.89% | 30.06% | 18.12% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/17/23 | 2/10/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
0.2521
USD
Average target price
0.3068
USD
Spread / Average Target
+21.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.10% | 2.51B | |
| -5.00% | 3.69B | |
| -1.79% | 3.66B | |
| -18.67% | 3.5B | |
| +31.29% | 2.45B | |
| -26.46% | 972M | |
| 0.00% | 270M | |
| +29.82% | 195M | |
| -8.25% | 168M | |
| +7.83% | 162M |
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- Financials PT Vale Indonesia Tbk
