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Look Out for These Valuation Catalysts for Iron Ore in 2018

Annie Gilroy
Updated
Look Out for These Valuation Catalysts for Iron Ore in 2018

Vale SA’s (VALE) forward EV-to-EBITDA (enterprise value to earnings before, interest, tax, depreciation, and amortization) multiple is trading at close to 7.2x, the highest among its seaborne iron ore peers. Rio Tinto (RIO) and BHP Billiton (BHP) are trading at similar forward multiples of 6.6x and 6.7x, respectively. As we’ve previously mentioned, Cleveland-Cliffs (CLF) is a US-focused player with small direct exposure to the seaborne iron ore market.

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