Accelerating North American Demand Will Unlock Long-Term Value

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

30 Nov 24

Updated

25 Nov 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-4.3%

7D

2.9%

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1Y

-4.3%

7D

2.9%

You can edit this narrative until Nov 26 2:05 AM. Then, changes will post as Updates.

Author's Valuation

R$22.6113.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 25 Nov 25

Fair value Increased 1.88%

GGBR4: Upcoming Dividend Payment and Share Buybacks Will Drive Market Optimism

Analysts have raised Gerdau's fair value estimate from $22.19 to $22.61, citing recent adjustments to growth and profitability expectations as key factors in the revised price target. What's in the News The Board of Directors approved the cancellation of 283,900 common shares (GGBR3) and 12,650,000 preferred shares (GGBR4) with no reduction in capital stock (Key Developments).

Shared on 01 May 25

Fair value Decreased 9.23%

Shared on 23 Apr 25

Fair value Increased 2.13%

AnalystConsensusTarget has decreased revenue growth from 5.6% to 5.0%.

Shared on 17 Apr 25

Fair value Decreased 1.97%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 2.67%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 2.32%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 1.33%

AnalystConsensusTarget has decreased profit margin from 7.3% to 6.3% and increased future PE multiple from 13.9x to 16.1x.

Shared on 12 Mar 25

Fair value Increased 8.23%

AnalystConsensusTarget has increased revenue growth from 5.1% to 5.9% and increased profit margin from 6.4% to 7.3%.

AnalystConsensusTarget Fair Value

R$22.61

13.3% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

3.57%

Metals and Mining revenue growth rate

14.95%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

22.08%

Calculation

R$4.71b

Earnings '28

x

15.90x

PE Ratio '28

=

R$74.83b

Market Cap '28

R$74.83b

Market Cap '28

/

1.83b

No. shares '28

=

R$41.00

Share Price '28

R$41.00 Share Price '28

Discounted to 2025 @ 21.95% p.a.

=

R$22.61

Fair Value '25