(GGB) Gerdau - Overview
Stock: Steel, Rebar, Wire Rod, Bloom, Slab
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.47% |
| Yield on Cost 5y | 4.55% |
| Yield CAGR 5y | -33.60% |
| Payout Consistency | 74.4% |
| Payout Ratio | 20.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.2% |
| Relative Tail Risk | -1.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.15 |
| Alpha | 35.58 |
| Character TTM | |
|---|---|
| Beta | 1.000 |
| Beta Downside | 0.816 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.29% |
| CAGR/Max DD | 0.08 |
Description: GGB Gerdau January 09, 2026
Gerdau S.A. (NYSE:GGB) is a vertically integrated steel producer headquartered in São Paulo, Brazil, operating through four segments: Brazil Business, North America Business, South America Business, and Special Steel Business. The firm manufactures a broad portfolio that includes semi-finished billets, blooms and slabs; long-rolled construction products such as rebars and wire rods; drawn wire products for fencing, agricultural, and infrastructure uses; and high-performance special steels for automotive, machinery, oil-and-gas, wind-energy, mining and rail applications. In addition, Gerdau runs iron-ore mines in Minas Gerais and distributes its output via independent dealers, direct mill sales, and a retail network.
Key recent metrics (2023): net sales of ≈ US$ 9.9 billion, EBITDA margin of ~ 12.5 % and a capacity utilization of ~ 85 % across its integrated mills. The company’s earnings are highly sensitive to Brazil’s construction cycle and to global steel demand, which is currently driven by infrastructure stimulus in emerging markets and a rebound in automotive production. A material cost driver is iron-ore pricing; Gerdau’s own ore mines provide a partial hedge but expose the firm to commodity price volatility.
For a deeper quantitative assessment, you may explore Gerdau’s metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 3.00b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -5.78 > 1.0 |
| NWC/Revenue: 30.19% < 20% (prev 33.57%; Δ -3.37% < -1%) |
| CFO/TA 0.09 > 3% & CFO 7.63b > Net Income 3.00b |
| Net Debt (10.60b) to EBITDA (8.76b): 1.21 < 3 |
| Current Ratio: 2.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.00b) vs 12m ago -5.08% < -2% |
| Gross Margin: 11.68% > 18% (prev 0.14%; Δ 1154 % > 0.5%) |
| Asset Turnover: 82.44% > 50% (prev 79.31%; Δ 3.13% > 0%) |
| Interest Coverage Ratio: 6.87 > 6 (EBITDA TTM 8.76b / Interest Expense TTM 754.7m) |
Altman Z'' 4.72
| A: 0.24 (Total Current Assets 33.40b - Total Current Liabilities 12.35b) / Total Assets 87.26b |
| B: 0.26 (Retained Earnings 22.91b / Total Assets 87.26b) |
| C: 0.06 (EBIT TTM 5.18b / Avg Total Assets 84.55b) |
| D: 1.78 (Book Value of Equity 57.99b / Total Liabilities 32.52b) |
| Altman-Z'' Score: 4.72 = AA |
Beneish M -2.95
| DSRI: 0.96 (Receivables 7.54b/7.31b, Revenue 69.71b/64.92b) |
| GMI: 1.16 (GM 11.68% / 13.58%) |
| AQI: 0.94 (AQ_t 0.25 / AQ_t-1 0.26) |
| SGI: 1.07 (Revenue 69.71b / 64.92b) |
| TATA: -0.05 (NI 3.00b - CFO 7.63b) / TA 87.26b) |
| Beneish M-Score: -2.95 (Cap -4..+1) = A |
What is the price of GGB shares?
Over the past week, the price has changed by -2.31%, over one month by +6.84%, over three months by +17.22% and over the past year by +44.71%.
Is GGB a buy, sell or hold?
- StrongBuy: 0
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GGB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.7 | 11.6% |
| Analysts Target Price | 4.7 | 11.6% |
| ValueRay Target Price | 4.6 | 9.7% |
GGB Fundamental Data Overview February 07, 2026
P/E Trailing = 14.9286
P/E Forward = 8.7108
P/S = 0.1184
P/B = 0.8123
Revenue TTM = 69.71b BRL
EBIT TTM = 5.18b BRL
EBITDA TTM = 8.76b BRL
Long Term Debt = 15.33b BRL (from longTermDebt, last quarter)
Short Term Debt = 3.70b BRL (from shortTermDebt, last quarter)
Debt = 19.99b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.60b BRL (from netDebt column, last quarter)
Enterprise Value = 53.18b BRL (43.07b + Debt 19.99b - CCE 9.87b)
Interest Coverage Ratio = 6.87 (Ebit TTM 5.18b / Interest Expense TTM 754.7m)
EV/FCF = 140.0x (Enterprise Value 53.18b / FCF TTM 379.9m)
FCF Yield = 0.71% (FCF TTM 379.9m / Enterprise Value 53.18b)
FCF Margin = 0.55% (FCF TTM 379.9m / Revenue TTM 69.71b)
Net Margin = 4.31% (Net Income TTM 3.00b / Revenue TTM 69.71b)
Gross Margin = 11.68% ((Revenue TTM 69.71b - Cost of Revenue TTM 61.57b) / Revenue TTM)
Gross Margin QoQ = 11.91% (prev 11.59%)
Tobins Q-Ratio = 0.61 (Enterprise Value 53.18b / Total Assets 87.26b)
Interest Expense / Debt = 1.79% (Interest Expense 358.4m / Debt 19.99b)
Taxrate = 24.10% (346.1m / 1.44b)
NOPAT = 3.93b (EBIT 5.18b * (1 - 24.10%))
Current Ratio = 2.70 (Total Current Assets 33.40b / Total Current Liabilities 12.35b)
Debt / Equity = 0.37 (Debt 19.99b / totalStockholderEquity, last quarter 54.54b)
Debt / EBITDA = 1.21 (Net Debt 10.60b / EBITDA 8.76b)
Debt / FCF = 27.90 (Net Debt 10.60b / FCF TTM 379.9m)
Total Stockholder Equity = 55.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.55% (Net Income 3.00b / Total Assets 87.26b)
RoE = 5.37% (Net Income TTM 3.00b / Total Stockholder Equity 55.86b)
RoCE = 7.28% (EBIT 5.18b / Capital Employed (Equity 55.86b + L.T.Debt 15.33b))
RoIC = 5.46% (NOPAT 3.93b / Invested Capital 72.08b)
WACC = 6.99% (E(43.07b)/V(63.06b) * Re(9.60%) + D(19.99b)/V(63.06b) * Rd(1.79%) * (1-Tc(0.24)))
Discount Rate = 9.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.71%
[DCF Debug] Terminal Value 76.59% ; FCFF base≈2.26b ; Y1≈1.60b ; Y5≈853.1m
Fair Price DCF = 7.47 (EV 20.00b - Net Debt 10.60b = Equity 9.40b / Shares 1.26b; r=6.99% [WACC]; 5y FCF grow -34.20% → 2.90% )
EPS Correlation: -81.71 | EPS CAGR: -63.73% | SUE: -0.55 | # QB: 0
Revenue Correlation: -67.06 | Revenue CAGR: -4.72% | SUE: 0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=2.58 | Chg30d=-0.056 | Revisions Net=-1 | Growth EPS=+43.5% | Growth Revenue=+1.9%