Vale S.A (CVLB) - Net Assets
Based on the latest financial reports, Vale S.A (CVLB) has net assets worth €37.55 Billion EUR (≈ $43.90 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€87.59 Billion ≈ $102.40 Billion USD) and total liabilities (€50.04 Billion ≈ $58.50 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CVLB financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €37.55 Billion |
| % of Total Assets | 42.87% |
| Annual Growth Rate | -11.69% |
| 5-Year Change | -2.71% |
| 10-Year Change | -16.27% |
| Growth Volatility | 20.53 |
Vale S.A - Net Assets Trend (2013–2025)
This chart illustrates how Vale S.A's net assets have evolved over time, based on quarterly financial data. Also explore CVLB total asset value for the complete picture of this company's asset base.
Annual Net Assets for Vale S.A (2013–2025)
The table below shows the annual net assets of Vale S.A from 2013 to 2025. For live valuation and market cap data, see Vale S.A (CVLB) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €34.35 Billion ≈ $40.16 Billion |
-0.52% |
| 2024-12-31 | €34.53 Billion ≈ $40.37 Billion |
-15.75% |
| 2023-12-31 | €40.98 Billion ≈ $47.91 Billion |
+9.70% |
| 2022-12-31 | €37.36 Billion ≈ $43.68 Billion |
+5.81% |
| 2021-12-31 | €35.31 Billion ≈ $41.28 Billion |
+1.39% |
| 2020-12-31 | €34.82 Billion ≈ $40.71 Billion |
-10.70% |
| 2019-12-31 | €38.99 Billion ≈ $45.59 Billion |
-13.02% |
| 2018-12-31 | €44.83 Billion ≈ $52.41 Billion |
+0.13% |
| 2017-12-31 | €44.77 Billion ≈ $52.34 Billion |
+9.14% |
| 2016-12-31 | €41.02 Billion ≈ $47.96 Billion |
-70.58% |
| 2015-12-31 | €139.42 Billion ≈ $163.00 Billion |
-7.21% |
| 2014-12-31 | €150.25 Billion ≈ $175.65 Billion |
-1.65% |
| 2013-12-31 | €152.77 Billion ≈ $178.60 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vale S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €33.51 Billion | 100.00% |
| Total Equity | €33.51 Billion | 100.00% |
Vale S.A Competitors by Market Cap
The table below lists competitors of Vale S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LG Energy Solution Ltd
KO:373220
|
$60.97 Billion |
|
Rocket Lab USA Inc.
NASDAQ:RKLB
|
$61.08 Billion |
|
Republic Services Inc
NYSE:RSG
|
$61.48 Billion |
|
Simon Property Group Inc
NYSE:SPG
|
$61.60 Billion |
|
Robinhood Markets Inc
NASDAQ:HOOD
|
$59.94 Billion |
|
Sempra Energy
NYSE:SRE
|
$59.79 Billion |
|
Suzhou Dongshan Precision Manufacturing Co Ltd
SHE:002384
|
$59.77 Billion |
|
United Rentals Inc
NYSE:URI
|
$59.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vale S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,406,000,000 to 33,509,000,000, a change of 103,000,000 (0.3%).
- Net income of 2,352,000,000 contributed positively to equity growth.
- Dividend payments of 3,561,000,000 reduced retained earnings.
- Other factors increased equity by 1,312,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.35 Billion | +7.02% |
| Dividends Paid | €3.56 Billion | -10.63% |
| Other Changes | €1.31 Billion | +3.92% |
| Total Change | €- | 0.31% |
Book Value vs Market Value Analysis
This analysis compares Vale S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.66x to 1.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €8.36 | €13.85 | x |
| 2018-12-31 | €8.58 | €13.85 | x |
| 2019-12-31 | €7.81 | €13.85 | x |
| 2020-12-31 | €6.79 | €13.85 | x |
| 2021-12-31 | €7.12 | €13.85 | x |
| 2022-12-31 | €8.00 | €13.85 | x |
| 2023-12-31 | €9.18 | €13.85 | x |
| 2024-12-31 | €7.83 | €13.85 | x |
| 2025-12-31 | €7.85 | €13.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vale S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.12%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.58x
- Recent ROE (7.02%) is below the historical average (13.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.08% | 0.11% | 0.35x | 1.97x | €-14.72 Billion |
| 2014 | 0.65% | 1.15% | 0.27x | 2.11x | €-13.69 Billion |
| 2015 | -33.71% | -56.64% | 0.23x | 2.63x | €-57.33 Billion |
| 2016 | 10.20% | 14.49% | 0.28x | 2.54x | €77.80 Million |
| 2017 | 12.67% | 16.21% | 0.34x | 2.28x | €1.16 Billion |
| 2018 | 15.60% | 18.76% | 0.41x | 2.01x | €2.46 Billion |
| 2019 | -4.20% | -4.48% | 0.41x | 2.29x | €-5.69 Billion |
| 2020 | 14.02% | 12.20% | 0.43x | 2.64x | €1.40 Billion |
| 2021 | 65.11% | 41.18% | 0.61x | 2.59x | €19.00 Billion |
| 2022 | 52.38% | 42.86% | 0.50x | 2.42x | €15.20 Billion |
| 2023 | 20.23% | 19.11% | 0.44x | 2.39x | €4.04 Billion |
| 2024 | 18.46% | 16.20% | 0.47x | 2.40x | €2.83 Billion |
| 2025 | 7.02% | 6.12% | 0.44x | 2.58x | €-998.90 Million |
Industry Comparison
This section compares Vale S.A's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $4,194,893
- Average return on equity (ROE) among peers: -70.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vale S.A (CVLB) | €37.55 Billion | 0.08% | 1.33x | $60.75 Billion |
| Scandium International Mining Corp (0E6) | $901.89K | -328.32% | 0.16x | $31.75 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $6.94 Million | -29.20% | 0.07x | $3.47 Million |
| Asiamet Resources Ltd (0FK) | $-123.22K | 0.00% | 0.00x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.02 Million | -54.41% | 0.28x | $528.93K |
| Benz Mining Corp (1VU) | $7.26 Million | -55.45% | 0.05x | $417.32 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $22.89 Million | -32.78% | 0.12x | $397.29 Million |
| Pacific Empire Minerals Corp (1YK) | $542.41K | -182.64% | 0.26x | $8.01 Million |
| PURANIUM ENERGY LTD. (2DK) | $-93.86K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.61 Million | -22.03% | 0.15x | $70.07K |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.34 Million |
About Vale S.A
Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous products, and by-products, including gold, silver, cobal… Read more