Gerdau S.A Net Assets
Gerdau S.A net assets. Based on the latest financial reports, Gerdau S.A (GDUA) has net assets worth €53.73 Billion EUR (≈ $62.82 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€81.97 Billion ≈ $95.83 Billion USD) and total liabilities (€28.24 Billion ≈ $33.01 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See Gerdau S.A (GDUA) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €53.73 Billion |
| % of Total Assets | 65.55% |
| Annual Growth Rate | 9.25% |
| 5-Year Change | 25.65% |
| 10-Year Change | N/A |
| Growth Volatility | 12.21 |
Net Assets of Gerdau S.A (2016–2025)
Net assets of Gerdau S.A from 2016 to 2025. This chart illustrates how Gerdau S.A's net assets have evolved over time, based on quarterly financial data. Also explore how fast is Gerdau S.A growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for Gerdau S.A (2016–2025)
The table below shows the annual net assets of Gerdau S.A from 2016 to 2025. For live market cap and overall valuation, see Gerdau S.A market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €53.80 Billion ≈ $62.90 Billion |
-7.52% |
| 2024-12-31 | €58.17 Billion ≈ $68.01 Billion |
+18.15% |
| 2023-12-31 | €49.24 Billion ≈ $57.57 Billion |
+6.35% |
| 2022-12-31 | €46.30 Billion ≈ $54.13 Billion |
+8.13% |
| 2021-12-31 | €42.82 Billion ≈ $50.06 Billion |
+37.74% |
| 2020-12-31 | €31.09 Billion ≈ $36.34 Billion |
+14.40% |
| 2019-12-31 | €27.17 Billion ≈ $31.77 Billion |
+4.76% |
| 2018-12-31 | €25.94 Billion ≈ $30.32 Billion |
+8.56% |
| 2017-12-31 | €23.89 Billion ≈ $27.93 Billion |
-1.57% |
| 2016-12-31 | €24.27 Billion ≈ $28.38 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Gerdau S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 512.6% over the analyzed period, indicating profitable operations and earnings retention.
Gerdau S.A Net Assets Breakdown (December 2025)
Gerdau S.A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €23.05 Billion | 43.02% |
| Other Components | €30.53 Billion | 56.98% |
| Total Equity | €53.59 Billion | 100.00% |
Gerdau S.A Competitors by Market Cap
The table below lists competitors of Gerdau S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shin Kong Financial Holding Co Ltd
TW:2888
|
$6.58 Billion |
|
Lottomatica Group SpA
NYSE:LOTMY
|
$6.59 Billion |
|
Hyundai Heavy Industries Holdings Co Ltd
KO:267250
|
$6.60 Billion |
|
Shanghai Pharmaceuticals Holding Co Ltd
SHG:601607
|
$6.60 Billion |
|
Jiangsu Yoke Technology Co Ltd
SHE:002409
|
$6.58 Billion |
|
PSP Swiss Property AG
SW:PSPN
|
$6.58 Billion |
|
Spic Yuanda Environmental Protection Co Ltd
SHG:600292
|
$6.57 Billion |
|
Yapi ve Kredi Bankasi AS
IS:YKBNK
|
$6.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gerdau S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,948,759,000 to 53,585,393,000, a change of -4,363,366,000 (-7.5%).
- Net income of 1,387,020,000 contributed positively to equity growth.
- Dividend payments of 1,285,673,000 reduced retained earnings.
- Share repurchases of 1,169,314,000 reduced equity.
- Other factors decreased equity by 3,295,399,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.39 Billion | +2.59% |
| Dividends Paid | €1.29 Billion | -2.4% |
| Share Repurchases | €1.17 Billion | -2.18% |
| Other Changes | €-3.30 Billion | -6.15% |
| Total Change | €- | -7.53% |
Book Value vs Market Value Analysis
This analysis compares Gerdau S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.33x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €13.83 | €4.52 | x |
| 2018-12-31 | €15.17 | €4.52 | x |
| 2019-12-31 | €15.87 | €4.52 | x |
| 2020-12-31 | €18.14 | €4.52 | x |
| 2021-12-31 | €24.98 | €4.52 | x |
| 2022-12-31 | €26.40 | €4.52 | x |
| 2023-12-31 | €28.04 | €4.52 | x |
| 2024-12-31 | €28.39 | €4.52 | x |
| 2025-12-31 | €27.13 | €4.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gerdau S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.52x
- Recent ROE (2.59%) is below the historical average (9.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -12.03% | -7.68% | 0.69x | 2.27x | €-5.29 Billion |
| 2017 | -1.52% | -0.97% | 0.73x | 2.13x | €-2.72 Billion |
| 2018 | 8.95% | 4.99% | 0.90x | 1.99x | €-269.19 Million |
| 2019 | 4.47% | 3.04% | 0.73x | 2.00x | €-1.49 Billion |
| 2020 | 7.74% | 5.45% | 0.69x | 2.05x | €-697.97 Million |
| 2021 | 36.52% | 19.86% | 1.06x | 1.73x | €11.30 Billion |
| 2022 | 24.78% | 13.86% | 1.12x | 1.60x | €6.81 Billion |
| 2023 | 15.29% | 10.89% | 0.92x | 1.53x | €2.60 Billion |
| 2024 | 7.88% | 6.81% | 0.77x | 1.50x | €-1.23 Billion |
| 2025 | 2.59% | 1.99% | 0.86x | 1.52x | €-3.97 Billion |
Industry Comparison
This section compares Gerdau S.A's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $19,291,007,400
- Average return on equity (ROE) among peers: 2.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gerdau S.A (GDUA) | €53.73 Billion | -12.03% | 0.53x | $6.58 Billion |
| Tiangong International Company Limited (34T1) | $3.18 Billion | 14.78% | 1.25x | $911.14 Million |
| Zanaga Iron Ore Company Limited (6ZA) | $45.73 Million | -38.51% | 0.00x | $14.11 Million |
| Aperam SA (7AA) | $2.54 Billion | 11.84% | 0.72x | $3.00 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.37 Billion | 6.86% | 0.73x | $2.98 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.46 Billion | 9.26% | 1.48x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $40.48 Billion | -5.91% | 1.17x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $767.01 Million | -6.13% | 0.56x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $19.40 Billion | 4.77% | 0.39x | $55.68 Million |
| Da Ming International Holdings Limited (DM7) | $2.01 Billion | 8.26% | 1.97x | $50.35 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $118.66 Billion | 15.17% | 0.47x | $4.17 Billion |
About Gerdau S.A
Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South America Business segments. The company offers rebars, bars, wires, thick plates, hot rolled coils, billets, blooms, plates, wire rods, and structural profiles. It also provides special steel products for agricultural, automotive, construction, d… Read more