Metalurgica Gerdau S.A (GOAU3) - Net Assets
Based on the latest financial reports, Metalurgica Gerdau S.A (GOAU3) has net assets worth R$53.80 Billion BRL (≈ $10.56 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 (R$82.04 Billion ≈ $16.10 Billion USD) and total liabilities (R$28.24 Billion ≈ $5.54 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 asset allocation strategy of Metalurgica Gerdau S.A to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$53.80 Billion |
| % of Total Assets | 65.58% |
| Annual Growth Rate | 9.6% |
| 5-Year Change | 23.46% |
| 10-Year Change | 130.62% |
| Growth Volatility | 17.1 |
Metalurgica Gerdau S.A - Net Assets Trend (2004–2025)
This chart illustrates how Metalurgica Gerdau S.A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GOAU3 market cap.
Annual Net Assets for Metalurgica Gerdau S.A (2004–2025)
The table below shows the annual net assets of Metalurgica Gerdau S.A from 2004 to 2025. Also explore how fast is Metalurgica Gerdau S.A growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$53.86 Billion ≈ $10.57 Billion |
-7.54% |
| 2024-12-31 | R$58.25 Billion ≈ $11.43 Billion |
+17.51% |
| 2023-12-31 | R$49.57 Billion ≈ $9.73 Billion |
+4.83% |
| 2022-12-31 | R$47.29 Billion ≈ $9.28 Billion |
+8.40% |
| 2021-12-31 | R$43.62 Billion ≈ $8.56 Billion |
+33.71% |
| 2020-12-31 | R$32.62 Billion ≈ $6.40 Billion |
+19.82% |
| 2019-12-31 | R$27.23 Billion ≈ $5.34 Billion |
+7.31% |
| 2018-12-31 | R$25.37 Billion ≈ $4.98 Billion |
+8.70% |
| 2017-12-31 | R$23.34 Billion ≈ $4.58 Billion |
-0.05% |
| 2016-12-31 | R$23.35 Billion ≈ $4.58 Billion |
-23.36% |
| 2015-12-31 | R$30.47 Billion ≈ $5.98 Billion |
-2.46% |
| 2014-12-31 | R$31.24 Billion ≈ $6.13 Billion |
+3.55% |
| 2013-12-31 | R$30.17 Billion ≈ $5.92 Billion |
+12.50% |
| 2012-12-31 | R$26.82 Billion ≈ $5.26 Billion |
+9.24% |
| 2011-12-31 | R$24.55 Billion ≈ $4.82 Billion |
+21.86% |
| 2010-12-31 | R$20.15 Billion ≈ $3.95 Billion |
-8.44% |
| 2009-12-31 | R$22.00 Billion ≈ $4.32 Billion |
-9.73% |
| 2008-12-31 | R$24.38 Billion ≈ $4.78 Billion |
+49.16% |
| 2007-12-31 | R$16.34 Billion ≈ $3.21 Billion |
+14.42% |
| 2006-12-31 | R$14.28 Billion ≈ $2.80 Billion |
+37.67% |
| 2005-12-31 | R$10.37 Billion ≈ $2.04 Billion |
+32.07% |
| 2004-12-31 | R$7.86 Billion ≈ $1.54 Billion |
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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 902877.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$5.06 Billion | 26.43% |
| Common Stock | R$10.96 Billion | 57.28% |
| Other Comprehensive Income | R$8.17 Billion | 42.72% |
| Total Equity | R$19.13 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 |
|---|---|
|
Redcare Pharmacy NV
F:RDC
|
$973.54 Million |
|
Malion New Materials Co Ltd
SHE:300586
|
$975.17 Million |
|
Allianz Malaysia Bhd
KLSE:1163
|
$975.19 Million |
|
Hartalega Holdings Bhd
KLSE:5168
|
$975.27 Million |
|
Three Squirrels
SHE:300783
|
$973.34 Million |
|
PT Super Bank Indonesia Tbk
JK:SUPA
|
$973.25 Million |
|
Pegavision
TW:6491
|
$972.69 Million |
|
Quantum Corporation
NASDAQ:QMCO
|
$972.64 Million |
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 2024 to 2025, total equity changed from 20,035,526,000 to 19,131,267,000, a change of -904,259,000 (-4.5%).
- Net income of 476,492,000 contributed positively to equity growth.
- Dividend payments of 1,247,229,000 reduced retained earnings.
- Share repurchases of 1,272,411,000 reduced equity.
- Other comprehensive income increased equity by 8,173,336,000.
- Other factors decreased equity by 7,034,447,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$476.49 Million | +2.49% |
| Dividends Paid | R$1.25 Billion | -6.52% |
| Share Repurchases | R$1.27 Billion | -6.65% |
| Other Comprehensive Income | R$8.17 Billion | +42.72% |
| Other Changes | R$-7.03 Billion | -36.77% |
| Total Change | R$- | -4.51% |
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: 0.71x
- 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 increased from 0.57x to 0.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$17.95 | R$10.19 | x |
| 2005-12-31 | R$15.65 | R$10.19 | x |
| 2006-12-31 | R$13.99 | R$10.19 | x |
| 2007-12-31 | R$15.79 | R$10.19 | x |
| 2008-12-31 | R$23.90 | R$10.19 | x |
| 2009-12-31 | R$45.54 | R$10.19 | x |
| 2010-12-31 | R$47.91 | R$10.19 | x |
| 2011-12-31 | R$22.24 | R$10.19 | x |
| 2012-12-31 | R$24.52 | R$10.19 | x |
| 2013-12-31 | R$27.35 | R$10.19 | x |
| 2014-12-31 | R$28.53 | R$10.19 | x |
| 2015-12-31 | R$24.89 | R$10.19 | x |
| 2016-12-31 | R$9.42 | R$10.19 | x |
| 2017-12-31 | R$8.73 | R$10.19 | x |
| 2018-12-31 | R$8.75 | R$10.19 | x |
| 2019-12-31 | R$9.77 | R$10.19 | x |
| 2020-12-31 | R$10.82 | R$10.19 | x |
| 2021-12-31 | R$13.64 | R$10.19 | x |
| 2022-12-31 | R$15.48 | R$10.19 | x |
| 2023-12-31 | R$16.23 | R$10.19 | x |
| 2024-12-31 | R$19.51 | R$10.19 | x |
| 2025-12-31 | R$14.42 | R$10.19 | 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): 2.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.68%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 4.27x
- Recent ROE (2.49%) is below the historical average (11.63%), 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 |
| 2025 | 2.49% | 0.68% | 0.85x | 4.27x | R$-1.44 Billion |
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: $11,378,469,340
- Average return on equity (ROE) among peers: 20.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metalurgica Gerdau S.A (GOAU3) | R$53.80 Billion | 48.53% | 0.52x | $973.34 Million |
| CSN Mineração S.A (CMIN3) | $10.27 Billion | 44.09% | 2.54x | $5.31 Billion |
| Companhia Siderúrgica Nacional (CSNA3) | $3.52 Billion | 57.24% | 3.64x | $1.54 Billion |
| Cia de Ferro Ligas da Bahia - FERBASA (FESA3) | $3.19 Billion | 11.99% | 0.29x | $242.29 Million |
| Gerdau S.A (GGBR3) | $27.17 Billion | 4.48% | 0.99x | $3.01 Billion |
| Panatlântica S.A (PATI3) | $413.80 Million | 15.53% | 1.16x | $125.85 Million |
| Usinas Siderúrgicas de Minas Gerais S.A (USIM3) | $23.70 Billion | -12.99% | 0.51x | $876.97 Million |
About Metalurgica Gerdau S.A
Metalurgica Gerdau S.A., together with its subsidiaries, produces and supplies long steel products in Brazil, the Americas, and internationally. The company offers rebars, profiles, wires, thick plates, hot-rolled coils, billets, blooms, plates, wire rod, structural profiles, and flat steel and iron ore, as well as bars, including special steels. Metalurgica Gerdau S.A.was formerly known as METAL… Read more