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Last 2,700
Change Today +5.00 / 0.19%
Volume 2.4M
As of 4:49 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

vale indonesia tbk (INCO) Snapshot

Open
$2,695
Previous Close
$2,695
Day High
$2,700
Day Low
$2,680
52 Week High
09/8/14 - $4,575
52 Week Low
04/27/15 - $2,605
Market Cap
26.8T
Average Volume 10 Days
4.6M
EPS TTM
$0.02
Shares Outstanding
9.9B
EX-Date
12/1/14
P/E TM
10.9x
Dividend
$0.0093
Dividend Yield
4.59%
Current Stock Chart for VALE INDONESIA TBK (INCO)

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vale indonesia tbk (INCO) Details

PT Vale Indonesia Tbk engages in the exploration, mining, processing, and production of nickel in Indonesia. It operates a contract of work agreement with government of Indonesia covering approximately 118,435 hectares located in island of Sulawesi. The company was formerly known as PT International Nickel Indonesia Tbk and changed its name to PT Vale Indonesia Tbk in September 2011. The company was founded in 1968 and is based in Jakarta, Indonesia. PT Vale Indonesia Tbk is a subsidiary of Vale Canada Limited.

3,121 Employees
Last Reported Date: 04/30/15
Founded in 1968

vale indonesia tbk (INCO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

vale indonesia tbk (INCO) Key Developments

PT Vale Indonesia Tbk Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

PT Vale Indonesia Tbk reported audited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $265,785,000 against $289,820,000 for the third quarter of 2014. Operating profit was $60,782,000 against $90,454,000 for the third quarter of 2014. Profit before income tax was $57,390,000 against $88,023,000 for the third quarter of 2014. Profit was $41,919,000 or $0.0042 per basic share against $62,361,000 or $0.0063 per basic share for the third quarter of 2014. Net cash flows provided from operating activities was $55,075,000 against $104,653,000 for the third quarter of 2014. Payments for acquisition of fixed assets were $10,469,000 against $19,698,000 for the third quarter of 2014. EBITDA was $91.3 million against $124.4 million for the third quarter of 2014. For the year, the company reported revenue of $1,038,082,000 against $921,638,000 for the same period in the last year. Operating profit was $249,445,000 against $70,137,000 for the same period in the last year. Profit before income tax was $236,931,000 against $55,459,000 for the same period in the last year. Profit was $172,271,000 or $0.0173 per basic share against $38,652,000 or $0.0039 per basic share for the same period in the last year. Net cash flows provided from operating activities was $323,328,000 against $265,892,000 for the same period in the last year. Payments for acquisition of fixed assets were $76,846,000 against $140,487,000 for the same period in the last year. EBITDA was $371.8 million against $203.4 million for the same period in the last year. The company reported production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported nickel in matte production of 20,586 metric ton against 19,313 metric ton for the third quarter of 2014. The company’s  nnickel  in  matte  production  increased  by  4% in  2014 over  production  in 2013,  attributable  in  large  part  to  highher  average  electric  power  from  hydroelectric generating facilities and improved operation of the electric furnaces. On a quarter over quarter basis, nickel in matte production increase 7% in the fourth  quarter 2014 over third quarter of 2014.  For the year, the company reported nickel in matte production of 78,726 metric ton against 75,802 metric ton for the same period in the last year.

PT Vale Indonesia Tbk Declares 2014 Interim Dividend, Payable on December 17, 2014

PT Vale Indonesia Tbk announced that the Board of Commissioners of the company has approved the proposal of the Board of Directors to distribute a 2014 interim dividend of USD 0.01007 per share or equivalent to approximately USD 100 million in aggregate. The dividend is payable on December 17, 2014 to shareholders of record as of December 3, 2014.

PT Vale Indonesia Signs an Amendment to its 1996 Contract of Work

Vale S. A. (Vale) announced that its subsidiary PT Vale Indonesia (PTVI) has signed an amendment to its 1996 Contract of Work (CoW) set to expire on December 28, 2025 with the Government of Indonesia (GoI). PTVI is now entitled to extend its operations until 2045 through two consecutive 10-year periods, subject to the GoI approval based upon PTVI’s fulfillment of its requirements under the COW amendment. The amendment of the CoW encompasses: An immediate reduction in the size of PTVI’s total CoW area from the current 190,510 hectares which includes areas of protected environment to 118,435 hectares, preserving the most relevant mining areas. At the expiry of the CoW on December 28, 2025, PTVI will maintain 25,000 hectares as ore zones that it proposes to exploit. Areas not designated as ore zones after December 28, 2025 can be retained for operations and other uses. This represents a renegotiated land package that is sufficient to support PTVI’s investments and long term growth plans through the life of its extended COW. A progressive royalty rate starting at 2% which could reach 3% based on a defined nickel price threshold in order to reflect the economic reality of the nickel market.

 

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Valuation INCO Industry Range
Price/Earnings 11.2x
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow 11.2x
TEV/Sales 1.5x
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