Vale Indonesia recorded a 43 percent fall in net profit to USD $18.0 million in the first quarter of 2014 from the same period in the previous year. The decline was particularly caused by falling prices for metal. The company's revenue declined by 18 percent (yoy) to USD 213.1 million.

Visit Vale Indonesia's company profile


Vale Indonesia's Financial Highlights:

     2008    2009    2010    2011    2012    2013
Nickel in Matte Production¹
  72,385   67,329   75,989   66,900   70,717   75,802
Revenue  1,312.1    761.0  1,276.3  1,242.6    967.3    921.6
Gross Profit    503.2    244.9    624.9    515.4    166.7    139.9
Profit before Tax
   463.3    236.7    581.3    452.3     91.4     55.5
Net Profit
   359.3    170.4    437.4    333.8     67.5     38.7
Total Assets  1,843.2  2,027.6  2,190.2  2,421.4  2,333.1  2,281.1
Total Liabilities    322.3    446.3    510.4    652.2    611.6    566.9
EBITDA    550.1    327.8    679.6    552.0    215.5    203.5
Earnings per Share²    0.036    0.017    0.044    0.034    0.007    0.004
Dividend per Share²  0.02264  0.01107  0.01410  0.01000  0.00252  
P/E Ratio (x)        -     22.0     12.0     10.0     35.0     56.0

in million US dollar unless otherwise stated
¹ in tons
² in US dollar
Source: Vale Indonesia, Annual Report 2013


Future Projection Vale Indonesia's Financial Highlights:

      2012     2013     2014F     2015F     2016F
Revenue     967.3    921.6    1,039.0    1,053.0    1,229.0
Net Profit
     67.5     38.7     166.2     204.7     289.4
EBITDA     552.0    215.5     405.7     458.6     576.8
P/E Ratio (x)      35.0     56.0      15.2      12.8      9.55

in million US dollar unless otherwise stated
Sources: Vale Indonesia, Annual Report 2013 & CIMB Securities

Bahas