FCF Payout Ratio: 131.33%
Is the FCF payout ratio high or low?
The FCF payout ratio of 131.33% is 23% above its 5-year average of 107.08%, around the middle of its 5-year range (43.66%–334.54%).
26.19% below its 12-month average of 177.94%.
VALE FCF Payout Ratio
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
VALE Average FCF Payout Ratio Chart
VALE Current vs Average FCF Payout Ratio Chart
VALE FCF Payout Ratio Metrics
FCF PAYOUT RATIO
131.33%
FCF PAYOUT RATIO AVG TTM
177.94%
FCF PAYOUT RATIO AVG 3Y
109.70%
FCF PAYOUT RATIO AVG 5Y
95.70%
FCF PAYOUT RATIO AVG 10Y
62.75%
FCF PAYOUT RATIO AVG 15Y
78.43%
FCF PAYOUT RATIO AVG 20Y
71.83%
CURRENT VS TTM AVG
-26.19%
CURRENT VS 3Y AVG
+19.72%
CURRENT VS 5Y AVG
+37.23%
CURRENT VS 10Y AVG
+109.28%
CURRENT VS 15Y AVG
+67.45%
CURRENT VS 20Y AVG
+82.84%
Payout Ratio Comparison
FCF Payout Ratio TTM
131.3%
Earnings Payout Ratio
175.2%
Dividend Yield
6.85%
FCF Yield
5.29%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.06B | $3.57B | 116.8% |
| 2024 | $2.88B | $3.83B | 132.9% |
| 2023 | $7.36B | $5.60B | 76.1% |
| 2022 | $6.04B | $6.60B | 109.3% |
| 2021 | $20.65B | $13.48B | 65.3% |
| 2020 | $10.10B | $3.35B | 33.2% |
| 2019 | $8.65B | $0 | 0.0% |
| 2018 | $9.12B | $3.31B | 36.3% |
| 2017 | $8.62B | $1.46B | 16.9% |
| 2016 | $1.45B | $250.00M | 17.2% |
| 2015 | ($4.18B) | $1.50B | N/A (Loss) |
| 2014 | $1.33B | $4.20B | 316.5% |
| 2013 | $1.69B | $4.50B | 266.7% |
| 2012 | $813.00M | $6.00B | 738.0% |
| 2011 | $7.60B | $9.00B | 118.5% |
| 2010 | $6.54B | $3.00B | 45.9% |
| 2009 | ($960.00M) | $2.72B | N/A (Loss) |
| 2008 | $8.14B | $2.85B | 35.0% |
| 2007 | $4.36B | $1.88B | 43.0% |
| 2006 | $2.80B | $1.30B | 46.4% |
| 2005 | $1.18B | $1.30B | 109.8% |
| 2004 | $1.45B | $787.00M | 54.3% |
| 2003 | $214.00M | $0 | 0.0% |
| 2002 | $1.34B | $0 | 0.0% |
| 2001 | $923.00M | $0 | 0.0% |
| 2000 | $977.00M | $246.00M | 25.2% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
FCF Payout Ratio FAQ
- What is the FCF payout ratio for Vale S.A. (VALE)?
- The FCF payout ratio for VALE stock is 131.33%.
- Is Vale S.A.'s FCF payout ratio high or low?
- The FCF payout ratio of 131.33% is 23% above its 5-year average of 107.08%, around the middle of its 5-year range (43.66%–334.54%).
- What is the TTM average FCF payout ratio for Vale S.A. (VALE)?
- The TTM average FCF payout ratio for VALE stock is 177.94%.
- What is the 3Y average FCF payout ratio for Vale S.A. (VALE)?
- The 3Y average FCF payout ratio for VALE stock is 109.70%.
- What is the 5Y average FCF payout ratio for Vale S.A. (VALE)?
- The 5Y average FCF payout ratio for VALE stock is 95.70%.
- What is the 10Y average FCF payout ratio for Vale S.A. (VALE)?
- The 10Y average FCF payout ratio for VALE stock is 62.75%.
- What is the 15Y average FCF payout ratio for Vale S.A. (VALE)?
- The 15Y average FCF payout ratio for VALE stock is 78.43%.
- What is the 20Y average FCF payout ratio for Vale S.A. (VALE)?
- The 20Y average FCF payout ratio for VALE stock is 71.83%.
VALE FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-03-31 | 131.33% |
| 2025-12-31 | 116.83% |
| 2025-09-30 | 119.55% |
| 2025-06-30 | 187.45% |
| 2025-03-31 | 334.54% |
| 2024-12-31 | 141.56% |
| 2024-09-30 | 122.68% |
| 2024-06-30 | 99.57% |
| 2024-03-31 | 87.36% |
| 2023-12-31 | 76.35% |
| 2023-09-30 | 73.91% |
| 2023-06-30 | 90.01% |
| 2023-03-31 | 69.78% |
| 2022-12-31 | 109.34% |
| 2022-09-30 | 107.24% |
| 2022-06-30 | 91.80% |
| 2022-03-31 | 80.79% |
| 2021-12-31 | 64.95% |
| 2021-09-30 | 52.83% |
| 2021-06-30 | 43.66% |
| 2021-03-31 | 47.06% |
| 2020-12-31 | 33.87% |
| 2020-09-30 | 56.91% |
| 2020-06-30 | 3.27% |
| 2020-03-31 | 2.44% |
| 2019-12-31 | 2.14% |
| 2019-06-30 | 19.95% |
| 2019-03-31 | 18.73% |
| 2018-12-31 | 34.12% |
| 2018-09-30 | 31.56% |
| 2018-06-30 | 17.52% |
| 2018-03-31 | 38.23% |
| 2017-12-31 | 17.94% |
| 2017-09-30 | 24.59% |
| 2017-06-30 | 25.41% |
| 2017-03-31 | 4.57% |
| 2016-12-31 | 13.85% |
| 2014-12-31 | 422.11% |
| 2014-09-30 | 230.04% |
| 2014-06-30 | 123.19% |
| 2014-03-31 | 129.68% |
| 2013-12-31 | 196.42% |
| 2013-09-30 | 224.07% |
| 2013-06-30 | 306.12% |
| 2013-03-31 | 321.89% |
| 2012-12-31 | 464.40% |
| 2012-09-30 | 90.90% |
| 2012-06-30 | 147.74% |
| 2012-03-31 | 122.85% |
| 2011-12-31 | 96.58% |
| 2011-09-30 | 71.12% |
| 2011-06-30 | 36.37% |
| 2011-03-31 | 36.65% |
| 2010-12-31 | 41.05% |
| 2010-09-30 | 156.85% |
| 2009-09-30 | 119.08% |
| 2009-06-30 | 48.16% |
| 2009-03-31 | 35.98% |
| 2008-12-31 | 38.27% |
| 2008-09-30 | 50.63% |
| 2008-06-30 | 78.05% |
| 2008-03-31 | 35.38% |
| 2007-12-31 | 24.08% |
| 2007-09-30 | 11.39% |
| 2007-06-30 | 11.66% |
| 2007-03-31 | 14.90% |
| 2006-12-31 | 23.21% |
About Vale S.A.
Operating globally and within Brazil, Vale S.A. is a major producer and seller of essential raw materials, including iron ore, iron ore pellets, nickel, and copper. Its operations are organized into two primary segments. The Iron Solutions segment is dedicated to the extraction and production of iron ore, pellets, and various other ferrous products, also providing crucial logistics services. Meanwhile, the Energy Transition Materials segment specializes in mining nickel, along with its valuable by-products such as gold, silver, cobalt, and other precious metals. This segment also handles copper, primarily used in construction for piping and electrical cables. Established in 1942, the company was formerly known as Companhia Vale do Rio Doce before officially rebranding as Vale S.A. in May 2009. Vale S.A. is headquartered in Rio De Janeiro, Brazil.
- Sector
- Basic Materials
- Industry
- Industrial Materials
- CEO
- Gustavo Duarte Pimenta