(GGB) Gerdau - Ratings and Ratios
Steel, Rebars, Wire, Special Steel, Iron Ore
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.79% |
| Yield on Cost 5y | 3.77% |
| Yield CAGR 5y | -33.60% |
| Payout Consistency | 74.4% |
| Payout Ratio | 12.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 32.8% |
| Value at Risk 5%th | 52.8% |
| Relative Tail Risk | -2.24% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.09 |
| Alpha | 21.49 |
| CAGR/Max DD | -0.05 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.237 |
| Beta | 1.007 |
| Beta Downside | 0.832 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.29% |
| Mean DD | 27.05% |
| Median DD | 27.65% |
Description: GGB Gerdau November 06, 2025
Gerdau S.A. (NYSE:GGB) is a vertically integrated steel producer headquartered in São Paulo, Brazil, operating through four geographic segments-Brazil, North America, South America, and Special Steel. The firm manufactures a full spectrum of steel products, from semi-finished billets, blooms and slabs to long-rolled rebars, wire rods, and specialty steels used in automotive, construction, oil-and-gas, and renewable-energy applications.
In addition to processing, Gerdau controls upstream iron-ore mining in Minas Gerais, giving it partial insulation from raw-material price volatility. Sales are channeled via independent distributors, direct mill shipments, and a retail network that serves both large-scale industrial buyers and smaller construction contractors.
Key recent indicators (FY 2023): revenue of US$ 13.6 bn, EBITDA margin of ≈ 12 %, and a net debt-to-EBITDA ratio of ~ 2.2×, reflecting a moderate leverage profile. The company’s performance is tightly linked to global steel pricing cycles, Brazil’s construction spending (which grew ~5 % YoY in 2023), and U.S. infrastructure funding, which is projected to sustain demand for rebars and wire products through 2025. A notable sector driver is the ongoing shift toward higher-grade, low-carbon steel grades, where Gerdau’s Special Steel segment is positioned to capture premium pricing.
For a deeper dive into Gerdau’s valuation metrics, scenario analyses, and peer comparisons, the ValueRay platform offers a concise, data-driven overview worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (3.00b TTM) > 0 and > 6% of Revenue (6% = 4.18b TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA -5.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 30.19% (prev 33.57%; Δ -3.37pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 7.63b > Net Income 3.00b (YES >=105%, WARN >=100%) |
| Net Debt (10.60b) to EBITDA (8.76b) ratio: 1.21 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.70 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (2.00b) change vs 12m ago -5.08% (target <= -2.0% for YES) |
| Gross Margin 11.68% (prev 13.58%; Δ -1.90pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 82.44% (prev 79.31%; Δ 3.13pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.87 (EBITDA TTM 8.76b / Interest Expense TTM 754.7m) >= 6 (WARN >= 3) |
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 (Balance) 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 |
| Total Rating: 4.72 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 45.35
| 1. Piotroski 6.50pt |
| 2. FCF Yield 0.75% |
| 3. FCF Margin 0.55% |
| 4. Debt/Equity 0.37 |
| 5. Debt/Ebitda 1.21 |
| 6. ROIC - WACC (= -1.51)% |
| 7. RoE 5.37% |
| 8. Rev. Trend -67.06% |
| 9. EPS Trend -81.71% |
What is the price of GGB shares?
Over the past week, the price has changed by +5.65%, over one month by +12.61%, over three months by +22.24% and over the past year by +39.86%.
Is GGB a buy, sell or hold?
- Strong Buy: 0
- Buy: 3
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the GGB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.3 | 9.7% |
| Analysts Target Price | 4.3 | 9.7% |
| ValueRay Target Price | 4.3 | 8.4% |
GGB Fundamental Data Overview January 05, 2026
P/E Trailing = 14.0
P/E Forward = 8.0451
P/S = 0.1072
P/B = 0.7507
Beta = 0.907
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 = 50.63b BRL (40.52b + Debt 19.99b - CCE 9.87b)
Interest Coverage Ratio = 6.87 (Ebit TTM 5.18b / Interest Expense TTM 754.7m)
FCF Yield = 0.75% (FCF TTM 379.9m / Enterprise Value 50.63b)
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 = 0.58 (Enterprise Value 50.63b / 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 = 3.44% (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 = 6.97% (E(40.52b)/V(60.51b) * Re(9.73%) + D(19.99b)/V(60.51b) * Rd(1.79%) * (1-Tc(0.24)))
Discount Rate = 9.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.71%
[DCF Debug] Terminal Value 65.17% ; FCFE base≈2.26b ; Y1≈1.60b ; Y5≈855.2m
Fair Price DCF = 10.02 (DCF Value 12.62b / Shares Outstanding 1.26b; 5y FCF grow -34.20% → 3.0% )
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=2.64 | Chg30d=+0.197 | Revisions Net=+0 | Growth EPS=+47.2% | Growth Revenue=+2.3%
Additional Sources for GGB Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle