Skeena Resources Limited (SKE) vs VALE S.A. (VALE)

Skeena Resources Limited and VALE S.A. are both Other Industrial Metals & Mining companies. VALE S.A. is the larger, with a market value of $46.6B against $3.7B — 12.7× the size. Skeena Resources Limited has negative trailing earnings, so its P/E is not meaningful; VALE S.A. trades at 76.4×. VALE S.A. has the higher net margin (1.64% vs 0.00%) and the higher return on invested capital (6.58% vs −7.64%). Across the 15 metrics below, VALE S.A. leads on 12 and Skeena Resources Limited on 3.

Valuation

Metric SKE VALE Other Industrial Metals & Mining median
P/E n/m 76.40 22.71
P/S n/m 1.18 5.39
P/B 29.63 1.27 1.39
Price to free cash flow n/m 14.19 14.19
EV/EBITDA n/m 6.89 5.51
EV/Sales n/m 1.49 4.77
Earnings yield (5.08%) 1.31% (11.17%)
Free cash flow yield (8.89%) 7.05% (7.91%)

Profitability

Metric SKE VALE Other Industrial Metals & Mining median
Gross margin 0.00% 31.94% 14.48%
Operating margin 0.00% 13.10% 0.00%
Net margin 0.00% 1.64% 0.00%
Free cash flow margin 0.00% 8.32% 0.00%
Return on equity (175.54%) 1.68% (6.24%)
Return on assets (20.99%) 0.76% (14.10%)
Return on invested capital (7.64%) 6.58% (3.57%)

Growth

Metric SKE VALE Other Industrial Metals & Mining median
Revenue growth (TTM) — 10.54% 28.07%
EPS growth (last fiscal year) (1.79%) (61.81%) (14.00%)
Revenue growth, 5-year CAGR — (0.58%) 6.99%
Net income growth, 5-year CAGR 0.00% (13.59%) 0.00%

Health

Metric SKE VALE Other Industrial Metals & Mining median
Debt to equity 6.18 0.47 0.04
Current ratio 3.15 1.10 2.53
Net debt to EBITDA 3.52 1.23 1.03

Dividend

Metric SKE VALE Other Industrial Metals & Mining median
Dividend yield — 3.49% 2.31%
Payout ratio — 2.67 0.12

Size

Metric SKE VALE Other Industrial Metals & Mining median
Market cap 3.68b 46.63b 433.17m

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