Nexa Resources S.A. (NEXA) vs VALE S.A. (VALE)

Nexa Resources S.A. and VALE S.A. are both Other Industrial Metals & Mining companies. VALE S.A. is the larger, with a market value of $53.0B against $1.7B — 32.1× the size. Nexa Resources S.A. trades at the lower P/E: 6.0× against 26.7×. Nexa Resources S.A. grew revenue faster over the last twelve months: 24.3% against 12.7%. Nexa Resources S.A. has the higher net margin (8.02% vs 5.11%) and the higher return on invested capital (16.8% vs 7.97%). Only VALE S.A. pays a dividend (3.06%). Across the 23 metrics below, Nexa Resources S.A. leads on 17 and VALE S.A. on 6.

Valuation

Metric NEXA VALE Other Industrial Metals & Mining median
P/E 5.99 26.65 26.65
P/S 0.48 1.35 6.78
P/B 1.10 1.43 1.18
Price to free cash flow 13.27 15.65 15.65
EV/EBITDA 2.79 6.86 7.09
EV/Sales 0.87 1.66 4.64
Earnings yield 16.69% 3.75% (9.58%)
Free cash flow yield 7.54% 6.39% (8.41%)

Profitability

Metric NEXA VALE Other Industrial Metals & Mining median
Gross margin 28.39% 34.82% 14.52%
Operating margin 22.17% 16.06% 0.00%
Net margin 8.02% 5.11% 0.00%
Free cash flow margin 3.61% 8.62% 0.00%
Return on equity 20.91% 5.31% (7.90%)
Return on assets 5.41% 2.35% (11.61%)
Return on invested capital 16.79% 7.97% (3.47%)

Growth

Metric NEXA VALE Other Industrial Metals & Mining median
Revenue growth (TTM) 24.30% 12.67% 27.25%
EPS growth (last fiscal year) 164.52% (61.81%) (15.57%)
Revenue growth, 5-year CAGR 9.00% (0.58%) 5.26%
Net income growth, 5-year CAGR 0.00% (13.59%) 0.00%

Health

Metric NEXA VALE Other Industrial Metals & Mining median
Debt to equity 1.16 0.48 0.04
Current ratio 0.80 1.19 2.48
Net debt to EBITDA 1.48 1.23 1.07

Dividend

Metric NEXA VALE Other Industrial Metals & Mining median
Dividend yield 0.00% 3.06% 1.46%
Payout ratio 0.00 0.82 —

Size

Metric NEXA VALE Other Industrial Metals & Mining median
Market cap 1.65b 53.02b 454.02m

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