Vale S.A. (VALE3) — Capital Reinvestment Ratio
Vale S.A. (VALE3) has a Capital Reinvestment Ratio of 0.75x as of December 2025, meaning it reinvests 1% of its operating cash flow (R$2.86 Billion) in capital expenditures (R$2.15 Billion). Check Vale S.A. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Vale S.A. Capital Reinvestment Ratio (2000–2025)
This chart tracks Vale S.A.'s Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see Vale S.A. cash flow conversion.
Annual Capital Reinvestment Ratio for Vale S.A. (2000–2025)
Year-by-year Capital Reinvestment Ratio for Vale S.A. from 2000 to 2025. See free cash flow generation of Vale S.A. to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.66x | R$9.19 Billion | R$6.08 Billion | ▼ -4.6% |
| 2024 | 0.69x | R$8.17 Billion | R$5.66 Billion | ▲ +53.8% |
| 2023 | 0.45x | R$13.61 Billion | R$6.13 Billion | ▼ -5.0% |
| 2022 | 0.47x | R$11.48 Billion | R$5.45 Billion | ▲ +141.9% |
| 2021 | 0.20x | R$25.68 Billion | R$5.03 Billion | ▼ -36.6% |
| 2020 | 0.31x | R$14.32 Billion | R$4.43 Billion | ▲ +8.1% |
| 2019 | 0.29x | R$12.11 Billion | R$3.46 Billion | ▼ -2.5% |
| 2018 | 0.29x | R$12.90 Billion | R$3.78 Billion | ▼ -4.7% |
| 2017 | 0.31x | R$12.45 Billion | R$3.83 Billion | ▼ -60.2% |
| 2016 | 0.77x | R$6.40 Billion | R$4.95 Billion | ▼ -62.5% |
| 2015 | 2.06x | R$3.93 Billion | R$8.11 Billion | ▲ +129.6% |
| 2014 | 0.90x | R$13.10 Billion | R$11.78 Billion | ▲ +1.4% |
| 2013 | 0.89x | R$14.79 Billion | R$13.11 Billion | ▼ -6.7% |
| 2012 | 0.95x | R$16.14 Billion | R$15.32 Billion | ▲ +40.4% |
| 2011 | 0.68x | R$23.46 Billion | R$15.86 Billion | ▲ +2.6% |
| 2010 | 0.66x | R$19.18 Billion | R$12.65 Billion | ▼ -41.9% |
| 2009 | 1.13x | R$7.14 Billion | R$8.10 Billion | ▲ +116.4% |
| 2008 | 0.52x | R$17.11 Billion | R$8.97 Billion | ▼ -13.2% |
| 2007 | 0.60x | R$11.01 Billion | R$6.65 Billion | ▼ -1.4% |
| 2006 | 0.61x | R$7.23 Billion | R$4.43 Billion | ▼ -20.5% |
| 2005 | 0.77x | R$5.16 Billion | R$3.98 Billion | ▲ +32.3% |
| 2004 | 0.58x | R$3.47 Billion | R$2.02 Billion | ▼ -33.7% |
| 2003 | 0.88x | R$1.76 Billion | R$1.54 Billion | ▲ +141.0% |
| 2002 | 0.36x | R$2.10 Billion | R$766.00 Million | ▼ -7.0% |
| 2001 | 0.39x | R$1.52 Billion | R$595.00 Million | ▲ +24.9% |
| 2000 | 0.31x | R$1.42 Billion | R$447.00 Million | — |