Gerdau S.A (GDUA) - Net Assets
Based on the latest financial reports, Gerdau S.A (GDUA) has net assets worth €52.97 Billion EUR (≈ $61.93 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€81.05 Billion ≈ $94.75 Billion USD) and total liabilities (€28.08 Billion ≈ $32.82 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. Also explore GDUA total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €52.97 Billion |
| % of Total Assets | 65.36% |
| Annual Growth Rate | 9.25% |
| 5-Year Change | 25.65% |
| 10-Year Change | N/A |
| Growth Volatility | 12.21 |
Gerdau S.A - Net Assets Trend (2016–2025)
This chart illustrates how Gerdau S.A's net assets have evolved over time, based on quarterly financial data. Check GDUA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
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 valuation and market cap data, see GDUA company net worth.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
ZALANDO SE UNSP.ADR /2
F:ZAL1
|
$5.91 Billion |
|
Immunovant Inc
NASDAQ:IMVT
|
$5.91 Billion |
|
Silergy Corp
TW:6415
|
$5.92 Billion |
|
Kodiak Gas Services, Inc.
NYSE:KGS
|
$5.92 Billion |
|
Petrovietnam Gas JSC
VN:GAS
|
$5.90 Billion |
|
Artemis Gold Inc
V:ARTG
|
$5.90 Billion |
|
SHISEIDO CO. ADR
F:SHDA
|
$5.90 Billion |
|
Huaan Securities Co Ltd
SHG:600909
|
$5.89 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: 0.15x
- 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 0.29x to 0.15x 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 | €4.04 | x |
| 2018-12-31 | €15.17 | €4.04 | x |
| 2019-12-31 | €15.87 | €4.04 | x |
| 2020-12-31 | €18.14 | €4.04 | x |
| 2021-12-31 | €24.98 | €4.04 | x |
| 2022-12-31 | €26.40 | €4.04 | x |
| 2023-12-31 | €28.04 | €4.04 | x |
| 2024-12-31 | €28.39 | €4.04 | x |
| 2025-12-31 | €27.13 | €4.04 | 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: $30,928,645,500
- Average return on equity (ROE) among peers: -10.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gerdau S.A (GDUA) | €52.97 Billion | -12.03% | 0.53x | $5.90 Billion |
| Tiangong International Company Limited (34T1) | $7.38 Billion | 5.01% | 0.84x | $1.04 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $38.12 Million | -4.94% | 0.00x | $26.76 Million |
| Aperam SA (7AA) | $3.44 Billion | -1.75% | 0.80x | $3.49 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.39 Billion | 18.43% | 0.84x | $3.49 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.46 Billion | 9.26% | 1.48x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $40.85 Billion | 11.18% | 1.09x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $431.46 Million | 2.17% | 0.43x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $4.01 Billion | -149.38% | 8.79x | $61.97 Million |
| Da Ming International Holdings Limited (DM7) | $2.85 Billion | 3.84% | 2.56x | $92.46 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $244.42 Billion | 5.52% | 0.74x | $3.00 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