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TickerVALE
SectorIndustrial Materials
Mkt cap$72.7B
EV / EBITDA6.4×
PostureQuiet Issuer
Composite34/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 917851

Vale S.a.

VALEQUIET ISSUERQUIET

Vale S.a. reads as Quiet Issuer (composite 34/100); pressure / disclosure signals dominate the posture this cycle · primary market Chemicals & Materials.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

34

/100

Quiet Issuer dominates · Quiet

Financial snapshot
Revenue$39.5B
EBITDA$14.3B
Enterprise value$86.6B
EV / Revenue2.2×
EV / EBITDA6.4×
P/EN/A
Cash$7.4B
Total debt$12.7B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

15/100

Companies actively deploying disclosed capital into M&A

  • $181M disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

Target Probability

18/100

Issuers showing target-side patterns from filings

  • 21 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 21 activism filings

Pressure Watch

34/100

Issuers facing activism, governance, or control pressure

  • 21 activism filings
  • Latest activism 4.3y ago; discounted
  • Shareholder pressure language

Distress Watch

30/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q
  • 21 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

22/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $86.6B
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $180M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/A$180MN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    25%
  • Bolt On
    25%
  • Platform
    25%
  • Horizontal Consolidation
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • bolt_on
  • platform
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

However, in the event of a sustained decline in prices or sales volumes for iron ore and iron ore pellets would have a material adverse effect on our revenues and earnings.

10-KFY2008

In recent years, growing worldwide demand for carbon steel has led to strong demand and rising prices for iron ore and iron ore pellets.

10-KFY2008

we have effectively obtained 100% control of MBR during the next thirty years, allowing us to maximize our exposure to MBR

10-KFY2007

we acquired AMCI Holdings Australia Pty (AMCI HA), which has coal operating assets and reserves in Australia.

10-KFY2007

seeking to build a coal asset platform in the country to enhance our growth options in the coal business

10-KFY2009
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Chemicals & Materials

Market spend (2023–2025)
$85.8B
Market spend (2020–2022)
$80.5B
Recent vs prior
+7%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

6.4×EV / EBITDA

VALE trades at a -9.5-turn discount to the Chemicals & Materials peer median of 15.9×.

EV / Revenue
2.2×
Net debt / EBITDA
0.4×
Peer median EV / EBITDA
15.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
24.5×4.9×2.3×$16.5B$2.1B
15.9×5.2×0.0×$8.1B$2.3B
13.4×2.4×0.3×$10.8BN/A
Vale S.a.VALE
6.4×2.2×0.4×$39.5BN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Chemicals & Materials. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)282026-03-27
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)212022-02-22

Signals on file

  • elevated

    Activism on file

    2022-02-22

    21 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Shareholder pressure

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.