Gerdau S.A (GGBN) - Net Assets
Based on the latest financial reports, Gerdau S.A (GGBN) has net assets worth MX$54.74 Billion MXN (≈ $3.15 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$87.26 Billion ≈ $5.02 Billion USD) and total liabilities (MX$32.52 Billion ≈ $1.87 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. Check financial resilience of Gerdau S.A to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$54.74 Billion |
| % of Total Assets | 62.73% |
| Annual Growth Rate | 5.58% |
| 5-Year Change | 87.14% |
| 10-Year Change | 81.96% |
| Growth Volatility | 14.45 |
Gerdau S.A - Net Assets Trend (2013–2024)
This chart illustrates how Gerdau S.A's net assets have evolved over time, based on quarterly financial data. Also explore Gerdau S.A asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Gerdau S.A (2013–2024)
The table below shows the annual net assets of Gerdau S.A from 2013 to 2024. For live valuation and market cap data, see Gerdau S.A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | MX$58.17 Billion ≈ $3.35 Billion |
+18.15% |
| 2023-12-31 | MX$49.24 Billion ≈ $2.83 Billion |
+6.35% |
| 2022-12-31 | MX$46.30 Billion ≈ $2.66 Billion |
+8.13% |
| 2021-12-31 | MX$42.82 Billion ≈ $2.46 Billion |
+37.74% |
| 2020-12-31 | MX$31.09 Billion ≈ $1.79 Billion |
+14.40% |
| 2019-12-31 | MX$27.17 Billion ≈ $1.56 Billion |
+4.76% |
| 2018-12-31 | MX$25.94 Billion ≈ $1.49 Billion |
+8.56% |
| 2017-12-31 | MX$23.89 Billion ≈ $1.38 Billion |
-1.57% |
| 2016-12-31 | MX$24.27 Billion ≈ $1.40 Billion |
-24.07% |
| 2015-12-31 | MX$31.97 Billion ≈ $1.84 Billion |
-3.86% |
| 2014-12-31 | MX$33.25 Billion ≈ $1.91 Billion |
+3.85% |
| 2013-12-31 | MX$32.02 Billion ≈ $1.84 Billion |
-- |
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 125.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$24.24 Billion | 41.83% |
| Other Components | MX$33.71 Billion | 58.17% |
| Total Equity | MX$57.95 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 |
|---|---|
|
Hebei Changshan Biochem Pharma
SHE:300255
|
$5.56 Billion |
|
China Vanke Co Ltd Class A
SHE:000002
|
$5.56 Billion |
|
SiteOne Landscape Supply Inc
NYSE:SITE
|
$5.57 Billion |
|
California Resources Corp
NYSE:CRC
|
$5.57 Billion |
|
Reinet Investments SCA
JSE:RNI
|
$5.56 Billion |
|
Olympic Circuit Technology Co Ltd
SHG:603920
|
$5.55 Billion |
|
PTT Global Chemical Public Company Limited
BK:PTTGC
|
$5.55 Billion |
|
Shenzhen New Industries Biomedical
SHE:300832
|
$5.55 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 2023 to 2024, total equity changed from 49,058,959,000 to 57,948,759,000, a change of 8,889,800,000 (18.1%).
- Net income of 4,566,317,000 contributed positively to equity growth.
- Dividend payments of 1,656,414,000 reduced retained earnings.
- Share repurchases of 1,194,726,000 reduced equity.
- Other factors increased equity by 7,174,623,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$4.57 Billion | +7.88% |
| Dividends Paid | MX$1.66 Billion | -2.86% |
| Share Repurchases | MX$1.19 Billion | -2.06% |
| Other Changes | MX$7.17 Billion | +12.38% |
| Total Change | MX$- | 18.12% |
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: 2.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.55x to 2.71x 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 | MX$13.83 | MX$76.81 | x |
| 2018-12-31 | MX$15.17 | MX$76.81 | x |
| 2019-12-31 | MX$15.87 | MX$76.81 | x |
| 2020-12-31 | MX$18.14 | MX$76.81 | x |
| 2021-12-31 | MX$24.98 | MX$76.81 | x |
| 2022-12-31 | MX$26.40 | MX$76.81 | x |
| 2023-12-31 | MX$28.04 | MX$76.81 | x |
| 2024-12-31 | MX$28.39 | MX$76.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gerdau S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.81%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.50x
- Recent ROE (7.88%) is above the historical average (7.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.22% | 3.97% | 0.68x | 1.92x | MX$-1.45 Billion |
| 2014 | 4.36% | 3.30% | 0.67x | 1.96x | MX$-1.82 Billion |
| 2015 | -14.36% | -10.44% | 0.62x | 2.21x | MX$-7.72 Billion |
| 2016 | -12.03% | -7.68% | 0.69x | 2.27x | MX$-5.29 Billion |
| 2017 | -1.52% | -0.97% | 0.73x | 2.13x | MX$-2.72 Billion |
| 2018 | 8.95% | 4.99% | 0.90x | 1.99x | MX$-269.19 Million |
| 2019 | 4.47% | 3.04% | 0.73x | 2.00x | MX$-1.49 Billion |
| 2020 | 7.74% | 5.45% | 0.69x | 2.05x | MX$-697.97 Million |
| 2021 | 36.52% | 19.86% | 1.06x | 1.73x | MX$11.30 Billion |
| 2022 | 24.78% | 13.86% | 1.12x | 1.60x | MX$6.81 Billion |
| 2023 | 15.29% | 10.89% | 0.92x | 1.53x | MX$2.60 Billion |
| 2024 | 7.88% | 6.81% | 0.77x | 1.50x | MX$-1.23 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: $14,662,218,500
- Average return on equity (ROE) among peers: 4.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gerdau S.A (GGBN) | MX$54.74 Billion | 5.22% | 0.59x | $5.56 Billion |
| G Collado S.A.B. de C.V (COLLADO) | $422.16 Million | 6.26% | 1.93x | $86.35 Million |
| Industrias CH S. A. B. de C. V (ICHB) | $31.19 Billion | 5.77% | 0.25x | $3.86 Billion |
| Companhia Siderúrgica Nacional (SIDN) | $5.73 Billion | -1.83% | 7.68x | $1.76 Billion |
| Grupo Simec S.A.B. de C.V (SIMECB) | $21.31 Billion | 8.43% | 0.45x | $4.82 Billion |
About Gerdau S.A
Gerdau S.A., together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It provides semi-finished products, including billets, blooms, and slabs; common long-rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the constr… Read more