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
Gerdau S.A (GGBR3) - Net Assets
Latest net assets as of September 2025: R$54.74 Billion BRL
Based on the latest financial reports, Gerdau S.A (GGBR3) has net assets worth R$54.74 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$87.26 Billion) and total liabilities (R$32.52 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$54.74 Billion |
| % of Total Assets | 62.73% |
| Annual Growth Rate | 15.18% |
| 5-Year Change | 87.14% |
| 10-Year Change | 81.96% |
| Growth Volatility | 24.73 |
Gerdau S.A - Net Assets Trend (1998–2024)
This chart illustrates how Gerdau S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gerdau S.A (1998–2024)
The table below shows the annual net assets of Gerdau S.A from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$58.17 Billion | +18.15% |
| 2023-12-31 | R$49.24 Billion | +6.35% |
| 2022-12-31 | R$46.30 Billion | +8.13% |
| 2021-12-31 | R$42.82 Billion | +37.74% |
| 2020-12-31 | R$31.09 Billion | +14.40% |
| 2019-12-31 | R$27.17 Billion | +4.76% |
| 2018-12-31 | R$25.94 Billion | +8.56% |
| 2017-12-31 | R$23.89 Billion | -1.57% |
| 2016-12-31 | R$24.27 Billion | -24.07% |
| 2015-12-31 | R$31.97 Billion | -3.86% |
| 2014-12-31 | R$33.25 Billion | +3.85% |
| 2013-12-31 | R$32.02 Billion | +11.19% |
| 2012-12-31 | R$28.80 Billion | +8.59% |
| 2011-12-31 | R$26.52 Billion | +31.63% |
| 2010-12-31 | R$20.15 Billion | -8.44% |
| 2009-12-31 | R$22.00 Billion | -12.13% |
| 2008-12-31 | R$25.04 Billion | +43.40% |
| 2007-12-31 | R$17.46 Billion | +66.09% |
| 2006-12-31 | R$10.51 Billion | +0.86% |
| 2005-12-31 | R$10.43 Billion | +24.03% |
| 2004-12-31 | R$8.41 Billion | +74.65% |
| 2003-12-31 | R$4.81 Billion | +15.83% |
| 2002-12-31 | R$4.15 Billion | +67.98% |
| 2001-12-31 | R$2.47 Billion | +14.50% |
| 2000-12-31 | R$2.16 Billion | -0.71% |
| 1999-12-31 | R$2.18 Billion | +47.66% |
| 1998-12-31 | R$1.47 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 4409.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$24.24 Billion | 41.83% |
| Common Stock | R$24.27 Billion | 41.89% |
| Other Comprehensive Income | R$13.08 Billion | 22.57% |
| Total Equity | R$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 |
|---|---|
|
Shandong Intco Medical Products Co Ltd
SHE:300677
|
$3.29 Billion |
|
Axonics Inc
F:0I3
|
$3.29 Billion |
|
Baic Bluepark New Energy Technology
SHG:600733
|
$3.29 Billion |
|
KB Home
NYSE:KBH
|
$3.29 Billion |
|
Axfood AB (publ)
F:AXL1
|
$3.29 Billion |
|
Industrias Penoles Sab De CV
PINK:IPOAF
|
$3.28 Billion |
|
Inventec Corp
TW:2356
|
$3.28 Billion |
|
M/I Homes Inc
NYSE:MHO
|
$3.28 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 comprehensive income increased equity by 9,997,297,000.
- Other factors decreased equity by 2,822,674,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$4.57 Billion | +7.88% |
| Dividends Paid | R$1.66 Billion | -2.86% |
| Share Repurchases | R$1.19 Billion | -2.06% |
| Other Comprehensive Income | R$10.00 Billion | +17.25% |
| Other Changes | R$-2.82 Billion | -4.87% |
| Total Change | R$- | 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: 0.57x
- 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 7.45x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | R$2.10 | R$15.64 | x |
| 1999-12-31 | R$3.04 | R$15.64 | x |
| 2000-12-31 | R$3.06 | R$15.64 | x |
| 2001-12-31 | R$3.53 | R$15.64 | x |
| 2002-12-31 | R$4.48 | R$15.64 | x |
| 2003-12-31 | R$5.92 | R$15.64 | x |
| 2004-12-31 | R$4.79 | R$15.64 | x |
| 2005-12-31 | R$5.90 | R$15.64 | x |
| 2006-12-31 | R$7.46 | R$15.64 | x |
| 2007-12-31 | R$8.88 | R$15.64 | x |
| 2008-12-31 | R$13.79 | R$15.64 | x |
| 2009-12-31 | R$12.41 | R$15.64 | x |
| 2010-12-31 | R$13.01 | R$15.64 | x |
| 2011-12-31 | R$14.48 | R$15.64 | x |
| 2012-12-31 | R$15.26 | R$15.64 | x |
| 2013-12-31 | R$16.95 | R$15.64 | x |
| 2014-12-31 | R$17.99 | R$15.64 | x |
| 2015-12-31 | R$17.89 | R$15.64 | x |
| 2016-12-31 | R$13.39 | R$15.64 | x |
| 2017-12-31 | R$13.17 | R$15.64 | x |
| 2018-12-31 | R$14.45 | R$15.64 | x |
| 2019-12-31 | R$15.02 | R$15.64 | x |
| 2020-12-31 | R$17.17 | R$15.64 | x |
| 2021-12-31 | R$23.68 | R$15.64 | x |
| 2022-12-31 | R$25.84 | R$15.64 | x |
| 2023-12-31 | R$23.26 | R$15.64 | x |
| 2024-12-31 | R$27.60 | R$15.64 | 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 below the historical average (14.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 16.08% | 10.28% | 0.74x | 2.12x | R$88.51 Million |
| 1999 | 17.10% | 10.66% | 0.52x | 3.08x | R$146.44 Million |
| 2000 | 17.69% | 7.04% | 0.83x | 3.03x | R$159.88 Million |
| 2001 | 16.21% | 7.21% | 0.79x | 2.86x | R$148.82 Million |
| 2002 | 26.80% | 7.10% | 0.80x | 4.72x | R$514.43 Million |
| 2003 | 36.36% | 11.26% | 0.95x | 3.40x | R$1.07 Billion |
| 2004 | 45.92% | 16.66% | 1.01x | 2.72x | R$2.41 Billion |
| 2005 | 31.54% | 12.56% | 0.96x | 2.62x | R$1.78 Billion |
| 2006 | 30.70% | 12.78% | 0.82x | 2.94x | R$2.18 Billion |
| 2007 | 23.08% | 10.22% | 0.69x | 3.28x | R$1.63 Billion |
| 2008 | 19.54% | 9.40% | 0.71x | 2.93x | R$1.92 Billion |
| 2009 | 6.06% | 4.23% | 0.60x | 2.41x | R$-728.78 Million |
| 2010 | 11.00% | 6.82% | 0.73x | 2.20x | R$195.44 Million |
| 2011 | 8.02% | 5.66% | 0.71x | 2.00x | R$-494.02 Million |
| 2012 | 5.23% | 3.75% | 0.72x | 1.95x | R$-1.30 Billion |
| 2013 | 5.22% | 3.97% | 0.68x | 1.92x | R$-1.45 Billion |
| 2014 | 4.36% | 3.30% | 0.67x | 1.96x | R$-1.82 Billion |
| 2015 | -14.50% | -10.55% | 0.62x | 2.21x | R$-7.76 Billion |
| 2016 | -12.01% | -7.66% | 0.69x | 2.27x | R$-5.29 Billion |
| 2017 | -1.43% | -0.92% | 0.73x | 2.13x | R$-2.70 Billion |
| 2018 | 9.04% | 5.04% | 0.90x | 1.99x | R$-246.68 Million |
| 2019 | 4.51% | 3.07% | 0.73x | 2.00x | R$-1.48 Billion |
| 2020 | 7.67% | 5.40% | 0.69x | 2.05x | R$-720.26 Million |
| 2021 | 36.37% | 19.78% | 1.06x | 1.73x | R$11.23 Billion |
| 2022 | 24.78% | 13.86% | 1.12x | 1.60x | R$6.81 Billion |
| 2023 | 15.29% | 10.89% | 0.92x | 1.53x | R$2.60 Billion |
| 2024 | 7.88% | 6.81% | 0.77x | 1.50x | R$-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: $9,968,780,750
- Average return on equity (ROE) among peers: 26.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gerdau S.A (GGBR3) | R$54.74 Billion | 16.08% | 0.59x | $3.29 Billion |
| CSN Mineração S.A (CMIN3) | $11.39 Billion | 25.89% | 1.20x | $337.73 Million |
| Cia de Ferro Ligas da Bahia - FERBASA (FESA3) | $3.04 Billion | 34.93% | 0.34x | $308.12 Million |
| Metalurgica Gerdau S.A (GOAU3) | $25.37 Billion | 3.15% | 1.02x | $1.04 Billion |
| Panatlântica S.A (PATI3) | $68.34 Million | 40.99% | 0.65x | $4.15 Million |