Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Sector: Mining
ID_INCO
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
| Period | Issues |
|---|---|
| 2024-03-31 Q1 | ⚠Warn 1 |
| 2024-06-30 H1 | ⚠Warn 1 |
| 2024-09-30 9M | ⚠Warn 1 |
| 2024-12-31 FY | ⚠Warn 1 |
| 2025-03-31 Q1 | ⚠Warn 1 |
| 2025-06-30 H1 | ⚠Warn 1 |
| 2025-09-30 9M | ⚠Warn 4 |
| 2025-12-31 FY | ✗Errors 2Warn 2 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | FY 2025 (12M) | OK | 284.8 y/y 17.8% | -2.4 y/y -127.7% | — y/y — | -2.4 y/y -127.7% | 23.6 y/y 255.0% | — | — | 3345.8 y/y 5.3% | 2775.1 y/y 1.5% | 2.8% | -372.9 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 278.6 y/y -0.4% | 34.8 y/y -20.5% | — y/y — | 34.8 y/y -20.5% | 27.2 y/y 2.6% | — | — | 3244.9 y/y 4.2% | 2753.7 y/y 1.1% | 2.6% | -491.6 | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 220.2 y/y -10.9% | 9.0 y/y -81.5% | — y/y — | 9.0 y/y -81.5% | 25.2 y/y -32.3% | — | — | 3170.1 y/y 3.4% | 2727.3 y/y 1.0% | 1.8% | -502.2 | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 206.5 y/y -10.2% | 8.8 y/y -40.3% | — y/y — | 8.8 y/y -40.3% | 21.8 y/y 251.9% | — | — | 3182.4 y/y 10.0% | 2756.6 y/y 7.4% | 3.2% | -595.4 | Report (PDF) |
| 2024-12-31 | FY 2024 (12M) | PARTIAL | 241.8 y/y — | 8.7 y/y — | — y/y — | 8.7 y/y — | 6.7 y/y — | — | — | 3176.5 y/y — | 2732.8 y/y — | 2.1% | -666.7 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 229.8 y/y — | 55.1 y/y — | — y/y — | 55.1 y/y — | 51.1 y/y — | — | — | 3112.9 y/y — | 2724.5 y/y — | 2.5% | -762.9 | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 248.8 y/y — | 34.2 y/y — | — y/y — | 34.2 y/y — | 31.1 y/y — | — | — | 3066.2 y/y — | 2699.3 y/y — | 2.8% | -823.8 | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 229.9 y/y — | 14.7 y/y — | — y/y — | 14.7 y/y — | 6.2 y/y — | — | — | 2893.1 y/y — | 2567.6 y/y — | — | -721.0 | Report (PDF) |
2024-12-31 FY: Missing metrics: operating_cash_flow,investing_cash_flow.2024-12-31 FY: Status PARTIAL (incomplete extraction or legacy OCR warnings).Physical operating metrics — supplementary, not part of the financial statements
Nickel
| Year | Reserves, M wmt |
|---|---|
| 2023 | 493.66 |
| 2022 | 334.08 |
| Year | Production, kt |
|---|---|
| 2024 | 70.80 |
| 2023 | 70.70 |
PT Vale Indonesia (IDX:INCO): nickel-in-matte ~70.7 kt 2023 (FY2024 target ~70.8 kt); saprolite ore reserves 493.66 M wmt (Dec-2023) vs 334.08 M wmt (Dec-2022). Reserves are ore, production is contained metal — not directly an R/P.
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -31.2%
Main driver: Nickel +18% vs LTM; revenue ×1.17 vs costs ×1.04; EBITDA 41→141; at 12.0× EV/EBITDA → -31%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Nickel (rev) | +95% | 18 564.88 | 15 767.72 | 17 587.31 | +18% | +12% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 990 |
| LTM EBITDA | 41 |
| LTM cash costs (revenue − EBITDA) | 949 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.169 (+17%) |
| = Spot revenue | 1 157 |
| Revenue multiplier — 3y price | ×1.110 (+11%) |
| = 3-year-price revenue | 1 099 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 987 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 987 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 170 |
| = 3-year-price EBITDA | 112 |
| Conservative EBITDA = min(spot, avg) | 141 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (3-yr average) | 12.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 1 694 |
| Net debt | -373 |
| Target market cap = EV − net debt | 2 067 |
| Current market cap | 3 003 |
Upside = target market cap ÷ current − 1 = -31.2%
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://www.vale.com/indonesia/EN/investors
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)