Anyone holding $VALE+0.2%? It made me happy for quite a long time, but now it keeps dropping and the divi cut came too. What is your thesis on this company?
Vale S.A.
VALEOpen $12.19
Day range $12.10 - $12.38
52 week range $11.52 - $16.08
Capital Structure
Market Cap
52.22B
Enterpr. Val.
62.41B
Revenue
41.77B
Shares Out.
4.28B
Debt/Capital
0.26
FCF Yield
13.40%
Valuation / Dividends
P/E
6.74
EPS
1.81
P/S
1.25
P/B
1.40
Div. Yield
11.69%
Div. Payout
77.27%
Capital Eff. / Margins
ROIC
20.34%
ROE
20.39%
ROA
8.55%
Gross
41.05%
Operating
33.25%
Net Profit
18.73%
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I don't hold the company, but it is currently near nice support.
I'm not. Despite a nice dividend, I don't like cyclical stocks. And as is usually the case, a high dividend is not sustainable, as evidenced by the post and comments here.
How much did the dividend go down? And why did it go down so drastically? I had Vale in my sights, but ended up investing in Rio for the short term.
What do you mean short-term? I'm still holding Rio even though it's going down, I trust it and I haven't seen any bad news so far.
There's a lot of geopolitical risk involved (see Petrobas)
For how drastically they cut, the payout is still not miraculously low