Google
Apple
English (UK)
English (Canada)
Deutsch (Deutschland)
Deutsch (Schweiz)
Español
Français (France)
Italiano
Nederlands (Nederland)
Nederlands (België)
GERDAU S.A. |
Market Closed -
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 22.26 BRL | +0.77% | -0.13% | -20.42% | |
| Nov. 20 | Interim dividend | FA |
| Nov. 08 | Gerdau S.A. Approves Dividends for Third Quarter of 2023, Payable on December 13, 2023 | CI |
Valuation
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 23 750 | 32 297 | 39 208 | 43 755 | 46 237 | 37 808 | - | - |
| Enterprise Value (EV) 1 | 35 304 | 42 052 | 49 065 | 51 008 | 53 410 | 44 267 | 41 730 | 40 948 |
| P/E ratio | 11,1x | 28,6x | 17,7x | 3,02x | 4,37x | 4,67x | 6,45x | 7,11x |
| Yield | 3,04% | 1,05% | 1,72% | 11,5% | 13,0% | 8,25% | 5,57% | 6,23% |
| Capitalization / Revenue | 0,51x | 0,81x | 0,89x | 0,56x | 0,56x | 0,53x | 0,54x | 0,54x |
| EV / Revenue | 0,76x | 1,06x | 1,12x | 0,65x | 0,65x | 0,62x | 0,60x | 0,58x |
| EV / EBITDA | 5,30x | 7,36x | 6,38x | 2,20x | 2,48x | 2,96x | 3,38x | 3,40x |
| EV / FCF | 43,9x | 9,56x | 10,3x | 5,37x | 7,79x | 5,94x | 9,44x | 9,31x |
| FCF Yield | 2,28% | 10,5% | 9,70% | 18,6% | 12,8% | 16,8% | 10,6% | 10,7% |
| Price to Book | 0,98x | 1,26x | 1,36x | 1,10x | 1,06x | 0,76x | 0,71x | 0,66x |
| Nbr of stocks (in thousands) | 1 787 242 | 1 782 367 | 1 786 220 | 1 790 861 | 1 752 376 | 1 749 331 | - | - |
| Reference price 2 | 14,1 | 19,0 | 23,3 | 26,0 | 28,0 | 22,1 | 22,1 | 22,1 |
| Announcement Date | 02/21/19 | 02/19/20 | 02/24/21 | 02/23/22 | 03/01/23 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 46 159 | 39 644 | 43 815 | 78 345 | 82 412 | 71 032 | 69 606 | 70 097 |
| EBITDA 1 | 6 657 | 5 712 | 7 690 | 23 222 | 21 508 | 14 940 | 12 357 | 12 035 |
| EBIT 1 | 4 047 | 3 184 | 5 194 | 21 023 | 17 751 | 11 396 | 8 565 | 8 117 |
| Operating Margin | 8,77% | 8,03% | 11,9% | 26,8% | 21,5% | 16,0% | 12,3% | 11,6% |
| Earnings before Tax (EBT) 1 | 2 157 | 1 675 | 3 496 | 20 273 | 15 859 | 10 271 | 7 627 | 7 073 |
| Net income 1 | 2 326 | 1 217 | 2 388 | 15 559 | 11 426 | 8 411 | 5 856 | 5 194 |
| Net margin | 5,04% | 3,07% | 5,45% | 19,9% | 13,9% | 11,8% | 8,41% | 7,41% |
| EPS 2 | 1,28 | 0,67 | 1,31 | 8,61 | 6,40 | 4,73 | 3,42 | 3,11 |
| Free Cash Flow 1 | 805 | 4 400 | 4 757 | 9 491 | 6 858 | 7 458 | 4 420 | 4 401 |
| FCF margin | 1,74% | 11,1% | 10,9% | 12,1% | 8,32% | 10,5% | 6,35% | 6,28% |
| FCF Conversion (EBITDA) | 12,1% | 77,0% | 61,9% | 40,9% | 31,9% | 49,9% | 35,8% | 36,6% |
| FCF Conversion (Net income) | 34,6% | 362% | 199% | 61,0% | 60,0% | 88,7% | 75,5% | 84,7% |
| Dividend per Share 2 | 0,43 | 0,20 | 0,40 | 2,99 | 3,63 | 1,82 | 1,23 | 1,38 |
| Announcement Date | 21.02.19 | 19.02.20 | 24.02.21 | 23.02.22 | 01.03.23 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19 130 | 21 317 | 21 555 | 20 330 | 22 968 | 21 149 | 17 964 | 18 872 | 18 265 | 17 063 | 15 581 | 18 147 | 18 355 | 17 649 |
| EBITDA 1 | 5 897 | 8 061 | 5 983 | 5 827 | 6 680 | 5 369 | 3 630 | 4 341 | 3 792 | 3 300 | 2 863 | - | - | - |
| EBIT 1 | 5 169 | 7 389 | 4 514 | 5 014 | 5 791 | 4 463 | 2 485 | 4 292 | 2 885 | 2 384 | 1 824 | 2 117 | 2 310 | 2 265 |
| Operating Margin | 27,0% | 34,7% | 20,9% | 24,7% | 25,2% | 21,1% | 13,8% | 22,7% | 15,8% | 14,0% | 11,7% | 11,7% | 12,6% | 12,8% |
| Earnings before Tax (EBT) | 5 621 | 7 466 | 3 898 | 4 510 | 5 430 | 3 932 | 1 987 | 4 242 | 2 462 | - | - | - | - | - |
| Net income 1 | 3 917 | 5 594 | 3 560 | 2 940 | 4 298 | 3 022 | 1 208 | 3 206 | 2 136 | 1 592 | 1 553 | - | - | - |
| Net margin | 20,5% | 26,2% | 16,5% | 14,5% | 18,7% | 14,3% | 6,72% | 17,0% | 11,7% | 9,33% | 9,97% | - | - | - |
| EPS 2 | 2,18 | 3,10 | 1,93 | 1,63 | 2,38 | 1,70 | 0,70 | 1,82 | 1,21 | 0,90 | 0,77 | 0,83 | 0,90 | 0,88 |
| Dividend per Share | 0,51 | 0,36 | 0,19 | 0,54 | 0,68 | 2,05 | 0,20 | 0,51 | 0,43 | - | - | - | - | - |
| Announcement Date | 04.08.21 | 27.10.21 | 23.02.22 | 05.05.22 | 03.08.22 | 09.11.22 | 01.03.23 | 03.05.23 | 08.08.23 | 06.11.23 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11 554 | 9 755 | 9 857 | 7 253 | 7 173 | 6 459 | 3 922 | 3 140 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1,74x | 1,71x | 1,28x | 0,31x | 0,33x | 0,43x | 0,32x | 0,26x |
| Free Cash Flow 1 | 805 | 4 400 | 4 757 | 9 491 | 6 858 | 7 458 | 4 420 | 4 401 |
| ROE (net income / shareholders' equity) | 10,2% | 4,92% | 8,33% | 37,8% | 26,1% | 17,0% | 11,2% | 10,0% |
| Shareholders' equity 1 | 22 905 | 24 752 | 28 668 | 41 183 | 43 712 | 49 574 | 52 421 | 51 927 |
| ROA (Net income/ Total Assets) | 4,94% | 2,46% | 4,08% | 22,7% | 15,7% | 10,8% | 8,46% | 7,40% |
| Assets 1 | 47 124 | 49 463 | 58 562 | 68 469 | 72 728 | 78 035 | 69 262 | 70 213 |
| Book Value Per Share 2 | 14,4 | 15,2 | 17,2 | 23,7 | 26,4 | 29,1 | 31,2 | 33,5 |
| Cash Flow per Share 2 | 3,33 | 0,90 | 3,53 | 6,96 | 6,25 | 7,47 | 6,61 | 7,24 |
| Capex 1 | 1 195 | 1 747 | 1 651 | 3 026 | 4 292 | 5 499 | 5 128 | 4 826 |
| Capex / Sales | 2,59% | 4,41% | 3,77% | 3,86% | 5,21% | 7,74% | 7,37% | 6,88% |
| Announcement Date | 21.02.19 | 19.02.20 | 24.02.21 | 23.02.22 | 01.03.23 | - | - | - |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
22.09BRL
Average target price
32.03BRL
Spread / Average Target
+44.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.78% | 7 675 M $ | |
| +25.94% | 41 153 M $ | |
| +66.55% | 27 537 M $ | |
| +49.78% | 21 855 M $ | |
| -4.39% | 21 347 M $ | |
| +16.82% | 19 307 M $ | |
| +19.89% | 19 219 M $ | |
| +37.34% | 9 314 M $ | |
| +10.49% | 9 254 M $ | |
| +44.59% | 8 148 M $ |
- Stock
- Equities
- Stock Gerdau S.A. - Bolsa de Valores de Sao Paulo
- Financials Gerdau S.A.
