Mensuração e valor da ação através do fluxo de caixa descontado: uma análise da Vale S.A.

Abstract

This article aimed to analyze and measure the value of Vale S.A.'s stock using the Discounted Cash Flow (DCF) methodology. The company was chosen primarily because it is one of the largest mining companies in the world and plays a fundamental role in the global commodities market. For the research, Vale S.A.'s financial statements were used. Regarding the methodological aspects, this is a quantitative and descriptive study. The valuation of Vale S.A. was carried out using the Discounted Cash Flow method, based on the calculation of the company's Free Cash Flows (FCF), as well as its Weighted Average Cost of Capital (WACC), projecting the period from 2025 to 2029. The findings indicate that Vale S.A. presented a share value 21,72% higher than its market price when using the Discounted Cash Flow method. Thus, the conclusion of this study suggests that factors, most notably the strong appreciation of iron ore in the international market, positively influenced the results obtained through the valuation method, implying a higher return for the company’s investors.