Vale S.A (VALEN) - Net Assets

Latest as of March 2026: MX$37.55 Billion MXN ≈ $2.16 Billion USD

Based on the latest financial reports, Vale S.A (VALEN) has net assets worth MX$37.55 Billion MXN (≈ $2.16 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 (MX$87.59 Billion ≈ $5.04 Billion USD) and total liabilities (MX$50.04 Billion ≈ $2.88 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 Vale S.A tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$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. See Vale S.A (VALEN) defensive interval to measure how many days the company can operate on defensive assets alone.

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 market cap of Vale S.A.

Year	Net Assets	Change
2025-12-31	MX$34.35 Billion ≈ $1.98 Billion	-0.52%
2024-12-31	MX$34.53 Billion ≈ $1.99 Billion	-15.75%
2023-12-31	MX$40.98 Billion ≈ $2.36 Billion	+9.70%
2022-12-31	MX$37.36 Billion ≈ $2.15 Billion	+5.81%
2021-12-31	MX$35.31 Billion ≈ $2.03 Billion	+1.39%
2020-12-31	MX$34.82 Billion ≈ $2.00 Billion	-10.70%
2019-12-31	MX$38.99 Billion ≈ $2.24 Billion	-13.02%
2018-12-31	MX$44.83 Billion ≈ $2.58 Billion	+0.13%
2017-12-31	MX$44.77 Billion ≈ $2.58 Billion	+9.14%
2016-12-31	MX$41.02 Billion ≈ $2.36 Billion	-70.58%
2015-12-31	MX$139.42 Billion ≈ $8.02 Billion	-7.21%
2014-12-31	MX$150.25 Billion ≈ $8.65 Billion	-1.65%
2013-12-31	MX$152.77 Billion ≈ $8.79 Billion	--

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	MX$33.51 Billion	100.00%
Total Equity	MX$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
TE Connectivity Ltd NYSE:TEL	$64.03 Billion
LG Energy Solution Ltd KO:373220	$64.14 Billion
Atlas Copco A ADR F:ACO	$64.34 Billion
Comfort Systems USA Inc NYSE:FIX	$64.44 Billion
Lloyds Banking Group plc F:LLD2	$63.81 Billion
ENGIE ADR/1 EO 1 F:GZFB	$63.66 Billion
Petróleo Brasileiro S.A. - Petrobras SA:PETR3	$63.29 Billion
Elite Material Co Ltd TW:2383	$63.22 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	MX$2.35 Billion	+7.02%
Dividends Paid	MX$3.56 Billion	-10.63%
Other Changes	MX$1.31 Billion	+3.92%
Total Change	MX$-	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: 33.15x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 31.12x to 33.15x 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	MX$8.36	MX$260.19	x
2018-12-31	MX$8.58	MX$260.19	x
2019-12-31	MX$7.81	MX$260.19	x
2020-12-31	MX$6.79	MX$260.19	x
2021-12-31	MX$7.12	MX$260.19	x
2022-12-31	MX$8.00	MX$260.19	x
2023-12-31	MX$9.18	MX$260.19	x
2024-12-31	MX$7.83	MX$260.19	x
2025-12-31	MX$7.85	MX$260.19	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	MX$-14.72 Billion
2014	0.65%	1.15%	0.27x	2.11x	MX$-13.69 Billion
2015	-33.71%	-56.64%	0.23x	2.63x	MX$-57.33 Billion
2016	10.20%	14.49%	0.28x	2.54x	MX$77.80 Million
2017	12.67%	16.21%	0.34x	2.28x	MX$1.16 Billion
2018	15.60%	18.76%	0.41x	2.01x	MX$2.46 Billion
2019	-4.20%	-4.48%	0.41x	2.29x	MX$-5.69 Billion
2020	14.02%	12.20%	0.43x	2.64x	MX$1.40 Billion
2021	65.11%	41.18%	0.61x	2.59x	MX$19.00 Billion
2022	52.38%	42.86%	0.50x	2.42x	MX$15.20 Billion
2023	20.23%	19.11%	0.44x	2.39x	MX$4.04 Billion
2024	18.46%	16.20%	0.47x	2.40x	MX$2.83 Billion
2025	7.02%	6.12%	0.44x	2.58x	MX$-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: $27,402,162,057
Average return on equity (ROE) among peers: 12.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vale S.A (VALEN)	MX$37.55 Billion	0.08%	1.33x	$63.84 Billion
Compañía Minera Autlán S.A.B. de C.V (AUTLANB)	$1.61 Billion	25.64%	0.60x	$134.35 Million
BHP Group (BHPN)	$55.60 Billion	20.33%	0.96x	$227.48 Billion
Glencore plc (GLENN)	$38.24 Billion	11.19%	2.24x	$92.20 Billion
Grupo México S.A.B. de C.V (GMEXICOB)	$26.25 Billion	18.75%	0.60x	$93.13 Billion
Minera Frisco S.A.B. de C.V (MFRISCOA-1)	$11.03 Billion	-16.15%	2.78x	$4.17 Billion
Industrias Peñoles S.A.B. de C.V (PE&OLES)	$4.49 Billion	12.35%	0.67x	$18.29 Billion
Rio Tinto Group (RION)	$54.59 Billion	11.96%	0.98x	$126.92 Billion

About Vale S.A

MX:VALEN Mexico Other Industrial Metals & Mining

Market Cap

$63.84 Billion

MX$1.11 Trillion MXN

Market Cap Rank

#439 Global

#16 in Mexico

Share Price

MX$260.19

Change (1 day)

+0.00%

52-Week Range

MX$171.17 - MX$304.00

All Time High

MX$350.41