Metalurgica Gerdau S.A
Metalurgica Gerdau S.A., together with its subsidiaries, produces and supplies long and special steel products in Brazil, Latin America, and North America. The company offers rebars, bars, profiles and drawn products, billets, blocks, plates, wire rod, structural profiles, iron ore, heavy and light structural profiles, stainless steel, as well as square, round, and flat bars. Metalurgica Gerdau S… Read more
Metalurgica Gerdau S.A (GOAU3) - Net Assets
Latest net assets as of September 2025: R$54.79 Billion BRL
Based on the latest financial reports, Metalurgica Gerdau S.A (GOAU3) has net assets worth R$54.79 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$87.32 Billion) and total liabilities (R$32.53 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$54.79 Billion |
| % of Total Assets | 62.75% |
| Annual Growth Rate | 10.54% |
| 5-Year Change | 78.56% |
| 10-Year Change | 91.17% |
| Growth Volatility | 17.0 |
Metalurgica Gerdau S.A - Net Assets Trend (2004–2024)
This chart illustrates how Metalurgica 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 Metalurgica Gerdau S.A (2004–2024)
The table below shows the annual net assets of Metalurgica Gerdau S.A from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$58.25 Billion | +17.51% |
| 2023-12-31 | R$49.57 Billion | +4.83% |
| 2022-12-31 | R$47.29 Billion | +8.40% |
| 2021-12-31 | R$43.62 Billion | +33.71% |
| 2020-12-31 | R$32.62 Billion | +19.82% |
| 2019-12-31 | R$27.23 Billion | +7.31% |
| 2018-12-31 | R$25.37 Billion | +8.70% |
| 2017-12-31 | R$23.34 Billion | -0.05% |
| 2016-12-31 | R$23.35 Billion | -23.36% |
| 2015-12-31 | R$30.47 Billion | -2.46% |
| 2014-12-31 | R$31.24 Billion | +3.55% |
| 2013-12-31 | R$30.17 Billion | +12.50% |
| 2012-12-31 | R$26.82 Billion | +9.24% |
| 2011-12-31 | R$24.55 Billion | +21.86% |
| 2010-12-31 | R$20.15 Billion | -8.44% |
| 2009-12-31 | R$22.00 Billion | -9.73% |
| 2008-12-31 | R$24.38 Billion | +49.16% |
| 2007-12-31 | R$16.34 Billion | +14.42% |
| 2006-12-31 | R$14.28 Billion | +37.67% |
| 2005-12-31 | R$10.37 Billion | +32.07% |
| 2004-12-31 | R$7.86 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metalurgica 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 1409025.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$7.89 Billion | 39.39% |
| Common Stock | R$8.21 Billion | 40.97% |
| Other Components | R$3.94 Billion | 19.64% |
| Total Equity | R$20.04 Billion | 100.00% |
Metalurgica Gerdau S.A Competitors by Market Cap
The table below lists competitors of Metalurgica Gerdau S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Uni-President China Holdings Ltd
PINK:UNPSF
|
$1.04 Billion |
|
Zhe Jiang Dali Technology Co Ltd
SHE:002214
|
$1.04 Billion |
|
OMH SCIENCE Group Co Ltd
SHE:300486
|
$1.04 Billion |
|
dentalcorp Holdings Ltd.
PINK:DNTCF
|
$1.04 Billion |
|
Nyfosa AB (publ)
ST:NYF
|
$1.04 Billion |
|
Hygeia Healthcare Holdings Co Ltd
PINK:HYHHF
|
$1.04 Billion |
|
Beijing Ctrowell Technology Corp Ltd
SHE:300455
|
$1.04 Billion |
|
Schouw & Co.
CO:SCHO
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metalurgica Gerdau S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,761,023,000 to 20,035,526,000, a change of 3,274,503,000 (19.5%).
- Net income of 1,544,820,000 contributed positively to equity growth.
- Dividend payments of 1,567,719,000 reduced retained earnings.
- Share repurchases of 1,499,243,000 reduced equity.
- Other comprehensive income decreased equity by 1,500,175,000.
- Other factors increased equity by 6,296,820,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.54 Billion | +7.71% |
| Dividends Paid | R$1.57 Billion | -7.82% |
| Share Repurchases | R$1.50 Billion | -7.48% |
| Other Comprehensive Income | R$-1.50 Billion | -7.49% |
| Other Changes | R$6.30 Billion | +31.43% |
| Total Change | R$- | 19.54% |
Book Value vs Market Value Analysis
This analysis compares Metalurgica 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: 0.40x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$17.95 | R$7.89 | x |
| 2005-12-31 | R$15.65 | R$7.89 | x |
| 2006-12-31 | R$13.99 | R$7.89 | x |
| 2007-12-31 | R$15.79 | R$7.89 | x |
| 2008-12-31 | R$23.90 | R$7.89 | x |
| 2009-12-31 | R$45.54 | R$7.89 | x |
| 2010-12-31 | R$47.91 | R$7.89 | x |
| 2011-12-31 | R$22.24 | R$7.89 | x |
| 2012-12-31 | R$24.52 | R$7.89 | x |
| 2013-12-31 | R$27.35 | R$7.89 | x |
| 2014-12-31 | R$28.53 | R$7.89 | x |
| 2015-12-31 | R$24.89 | R$7.89 | x |
| 2016-12-31 | R$9.42 | R$7.89 | x |
| 2017-12-31 | R$8.73 | R$7.89 | x |
| 2018-12-31 | R$8.75 | R$7.89 | x |
| 2019-12-31 | R$9.77 | R$7.89 | x |
| 2020-12-31 | R$10.82 | R$7.89 | x |
| 2021-12-31 | R$13.64 | R$7.89 | x |
| 2022-12-31 | R$15.48 | R$7.89 | x |
| 2023-12-31 | R$16.23 | R$7.89 | x |
| 2024-12-31 | R$19.51 | R$7.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metalurgica 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): 7.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.30%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 4.34x
- Recent ROE (7.71%) is below the historical average (12.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 48.53% | 7.26% | 1.05x | 6.35x | R$1.14 Billion |
| 2005 | 33.05% | 5.95% | 0.98x | 5.69x | R$889.63 Million |
| 2006 | 33.88% | 6.76% | 0.81x | 6.15x | R$1.23 Billion |
| 2007 | 31.31% | 5.94% | 0.73x | 7.20x | R$1.24 Billion |
| 2008 | 18.24% | 4.10% | 0.70x | 6.39x | R$776.41 Million |
| 2009 | 2.02% | 1.41% | 0.60x | 2.41x | R$-1.48 Billion |
| 2010 | 4.60% | 2.85% | 0.73x | 2.20x | R$-1.05 Billion |
| 2011 | 8.41% | 2.15% | 0.71x | 5.55x | R$-143.48 Million |
| 2012 | 4.58% | 1.20% | 0.71x | 5.36x | R$-539.86 Million |
| 2013 | 4.54% | 1.27% | 0.68x | 5.26x | R$-606.57 Million |
| 2014 | 1.74% | 0.48% | 0.67x | 5.45x | R$-957.46 Million |
| 2015 | -19.36% | -5.34% | 0.62x | 5.84x | R$-3.53 Billion |
| 2016 | -16.05% | -3.66% | 0.69x | 6.38x | R$-2.24 Billion |
| 2017 | -2.40% | -0.55% | 0.73x | 5.93x | R$-1.05 Billion |
| 2018 | 8.55% | 1.73% | 0.90x | 5.49x | R$-135.51 Million |
| 2019 | 4.24% | 1.07% | 0.73x | 5.40x | R$-576.33 Million |
| 2020 | 7.46% | 1.99% | 0.68x | 5.54x | R$-296.92 Million |
| 2021 | 34.35% | 6.46% | 1.05x | 5.06x | R$3.59 Billion |
| 2022 | 22.75% | 4.54% | 1.10x | 4.54x | R$2.10 Billion |
| 2023 | 15.28% | 3.72% | 0.92x | 4.49x | R$884.24 Million |
| 2024 | 7.71% | 2.30% | 0.77x | 4.34x | R$-458.73 Million |
Industry Comparison
This section compares Metalurgica Gerdau S.A's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $4,169,615,731
- Average return on equity (ROE) among peers: 29.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metalurgica Gerdau S.A (GOAU3) | R$54.79 Billion | 48.53% | 0.59x | $1.04 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 |
| Gerdau S.A (GGBR3) | $2.18 Billion | 16.21% | 1.92x | $3.29 Billion |
| Panatlântica S.A (PATI3) | $68.34 Million | 40.99% | 0.65x | $4.15 Million |