Free Research Report as Vale’s Reported Quarterly Earnings Increased 50%

Stock Monitor: Centrus Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 09, 2018 / Active-Investors.com has just released a free earnings report on Vale S.A. (NYSE: VALE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VALE. The Company reported its financial results on February 27, 2018, for the fourth quarter and full fiscal year ended December 31, 2017. The Company surpassed analysts' expectations for earnings and revenues for Q4 FY17. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Centrus Energy Corp. (NYSE AMER: LEU), which also belongs to the Basic Materials sector as the Company Vale. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Vale most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=VALE

Earnings Highlights and Summary

For Q4 FY17, Vale's total revenues reached $9.17 billion, a decline of 1.06% from $9.27 billion in Q4 FY16. Of the Company's total revenues, sales of ferrous minerals accounted for 73.07%; coal contributed 4.39%; base metals comprised of 21.82%; while the remaining 0.73% was sourced miscellaneously. Geographically, 14.26% of revenues were generated from South America; 59.7% from Asia; 6.96% from North America; 13.74% from Europe; 3.28% from the Middle-East; and 2.05% from the Rest of the World. The Company's total reported revenues surpassed analysts' estimates by $100 million.

During Q4 FY17, Vale's cost of goods sold was $5.79 billion compared to $5.1 billion in Q4 FY16. The Company's gross profit dipped 18.89% to $3.38 billion in the quarter under review from $4.16 billion in the year ago same quarter. The Company's gross margin fell 8.09% to 36.83% in Q4 FY17.

Vale's selling, general, and administrative expenses (SG&A) advanced 7.35% to $146 million y-o-y, whereas its research and development (R&D) expenses decreased 7.14% to $104 million y-o-y in Q4 FY17. The Company's operating profit was $2.48 billion in the reported quarter, 0.32% lower than $2.49 billion in the previous year's comparable quarter.

Vale's net earnings attributable to stockholders were $771 million in Q4 FY17, up 46.86% from $525 million in Q4 FY16. The Company's earnings per share (EPS) were $0.15 in Q4 FY17, an increase of 50% from $0.1 in Q4 FY16. The reported results included impairment and other results on non-current assets and losses in equity results in associates and joint ventures. The Company's underlying EPS were $0.36 on a fully diluted basis in the reported quarter, which was 30.77% lower than $0.52 in the previous year's corresponding quarter. This exceeded analysts' consensus forecasts by $0.07 per share. The Company had an adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $4.11 billion in Q4 FY17, 12.98% lower than $4.72 billion in FY16. This was higher than analysts' consensus forecasts of $3.87 billion.

For the full fiscal year ended December 31, 2017, Vale's total operating revenues were $33.97 billion, up 23.57% from $27.49 billion in FY16. The Company's gross profit advanced 31.38% to $12.93 billion y-o-y, while its operating profit increased 54.95% to $10.93 billion y-o-y in FY17. Vale's net earnings attributable to stockholders hiked 38.30% to $5.51 billion, or $1.06 per share, in FY17 from $3.98 billion, or $0.77 per share, in FY16. Vale's underlying EPS were $1.35 on a diluted basis in FY17, up 40.63% from $0.96 in FY16. The Company had an adjusted EBITDA of $15.34 billion in the reported year, which was around 28% higher than the previous year.

Segment Details

During Q4 2017, Vale's Ferrous Minerals segment's net revenues were $6.7 billion, almost 4.95% lower than the previous year's same quarter. The segment had an adjusted EBITDA of $3.32 billion in Q4 FY17, a decrease of 19.23% from $4.11 billion in Q4 FY16.

For Q4 FY17, Vale's Coal segment's net revenues advanced 6.91% to $402 million on a y-o-y basis. The segment's adjusted EBITDA were $66 million in the reported quarter compared to $156 million in the year ago corresponding quarter, reflecting a decrease of 57.69%.

During Q4 FY17, Vale's Base Metals segment's net revenues surged 13.64% to $2 billion on a y-o-y basis. The segment had an adjusted EBITDA of $782 million in Q4 FY17, up 44.01% from $543 million in Q4 FY16.

Vale's Other Products segment generated net revenues of $67 million in Q4 FY17, a y-o-y decrease of 18.29%. The segment had an adjusted loss before interest, depreciation, and taxes of $58 million in Q4 FY17 compared to $86 million in Q4 FY16.

Cash Matters

Vale had cash and cash equivalents of $4.33 billion as on December 31, 2017, 1.55% higher than $4.26 billion as on December 31, 2016. The Company's net debt was $18.14 billion at the end of FY17, a decrease of 27.55% from $25.04 billion at the end of FY16.

During the quarter ended December 31, 2017, Vale's net cash flow from operating activities was $3.68 billion, up 45.24% from $2.53 billion for the same period of last year.

The Company spent $978 million on purchases of property, plant, and equipment in Q4 FY17 compared to $1.31 billion in Q4 FY16.

Stock Performance Snapshot

April 06, 2018 - At Friday's closing bell, Vale's stock declined 2.24%, ending the trading session at $12.66.

Volume traded for the day: 14.97 million shares.

Stock performance in the previous six-month period – up 24.77%; past twelve-month period – up 41.73%; and year-to-date – up 4.68%

After last Friday's close, Vale's market cap was at $65.82 billion.

Price to Earnings (P/E) ratio was at 10.78.

The stock has a dividend yield of 2.21%.

The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry.

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