Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a cyclical company: P/E comparison.
ACCE opinionVALE S.A. American Depositary Shares Each Representing one common share (VALE)
Fair value (3 models)
Not available
ACCE price target
$16.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 19 Sept 2026, 00:00 CEST.
Price used: $12.40 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
50
out of 100
Analysts
40% buy
25 covering
P/E
24.8x
forward 6.7x
1-year return
+8.2%
Dividend yield
6.91%
VALE S.A. American Depositary Shares Each Representing one common share in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Vale extracts and processes iron ore, nickel, and copper, with iron ore accounting for roughly 60% of revenue. The company operates low-cost mines in Brazil and Indonesia that benefit from structural demand for steel in emerging markets and the energy transition's need for nickel and copper. Nickel production is the key near-term lever: Vale is ramping a new high-grade nickel mine in Indonesia that should reach full capacity in 2025, directly addressing tight global supply as EV battery demand grows. The forward PE of 7.2x is compelling relative to the 22% operating margin, and the company trades at a discount to peers despite similar cost positions. The valuation gap narrows if nickel prices hold above $7/lb and the Indonesia mine ramp executes on schedule, both of which appear likely given current market conditions and project progress.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
+Quarter-over-quarter institutional position changes
+Every insider and Congress trade, with how late it was disclosed
+Active 13D activist filings and top holders
Compare
Where it sits vs peers
News and Record
Press releases mentioning this company
Recent performance
1 week
-5.1%
1 month
-10.3%
3 months
-16.2%
6 months
-27.8%
YTD
-4.8%
1 year
+8.2%
SEC filings
Recommendation history, last 12 months
Date
Type
New
Previous
Price
7 Oct 2026, 00:00 CEST
Fair value
$18.16
$17.77
$14.15
1 Oct 2026, 00:00 CEST
Fair value
$17.77
$18.06
$13.30
26 Sept 2026, 00:00 CEST
Fair value
$18.06
$18.42
$13.56
19 Sept 2026, 00:00 CEST
ACCE price target
$16.50
first publication
$14.21
15 Sept 2026, 00:00 CEST
Fair value
$18.42
$18.76
$15.23
12 Sept 2026, 00:00 CEST
Fair value
$18.76
$19.00
$15.28
8 Sept 2026, 00:00 CEST
Fair value
$19.00
$18.51
$15.27
5 Sept 2026, 00:00 CEST
Fair value
$18.51
$19.28
$15.31
31 Aug 2026, 00:00 CEST
Fair value
$19.28
$19.49
$15.03
24 Aug 2026, 00:00 CEST
Fair value
$19.49
$19.83
$14.59
Price
+8.7% · 1Y
Ask anything about VALE
Answered from VALE S.A. American Depositary Shares Each Representing one common share fundamentals + recent valuations. Every number shows its source and date.
This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 10.4x24.8xhigh 24.8x
ROEbetter than 17% of peers
low -3%4%high 77%
Div yieldbetter than 83% of peers
low 0.1%6.9%high 7.4%
Peers
Prices Oct 23, 2026
Company
Price
Fair value
vs fair value
P/E
ROE
Quality
Score
VALEVALE S.A. American Depositary Shares Each Representing one common share