View ValuationGerdau 将来の成長Future 基準チェック /36Gerdau利益と収益がそれぞれ年間31.4%と4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に10% 27.2%なると予測されています。主要情報31.4%収益成長率27.19%EPS成長率Metals and Mining 収益成長19.3%収益成長率4.0%将来の株主資本利益率10.05%アナリストカバレッジGood最終更新日07 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Apr 30Gerdau S.A. Approves Dividend Distribution, Payable on June 9, 2026Gerdau S.A. approved a dividend distribution of BRL 0.18 per share, equivalent to BRL 354.1 million, to be paid as of June 09, 2026.お知らせ • Apr 17Gerdau S.A. (BOVESPA:GGBR4) agreed to acquire additional 23.03% stake in Dona Francisca Energética S.A. from Centrais Elétricas de Santa Catarina S.A. (BOVESPA:CLSC4) for an enterprise value of BRL 150 million.Gerdau S.A. (BOVESPA:GGBR4) agreed to acquire additional 23.03% stake in Dona Francisca Energética S.A. from Centrais Elétricas de Santa Catarina S.A. (BOVESPA:CLSC4) for an enterprise value of BRL 150 million on April 16, 2026. Upon completion of the acquisition, the Company will hold a 76.97% equity interest in DFESA. As part of the agreement, the acquisition price will be paid in cash on the closing date, using the Company's own available resources. The purchase price is subject to customary closing adjustments in accordance with the terms and conditions set forth in the definitive agreements. The transaction is also subject to the potential exercise of the proportional preemptive rights held by the other shareholders of DFESA. Additionally, closing of the transaction is subject to the satisfaction of customary conditions precedent for transactions of this nature, including approval by the Brazilian antitrust authority.お知らせ • Mar 17Gerdau S.A., Annual General Meeting, Apr 15, 2026Gerdau S.A., Annual General Meeting, Apr 15, 2026. Location: to be held exclusively on, Brazilお知らせ • Jan 07+ 3 more updatesGerdau S.A. to Report Q4, 2025 Results on Feb 23, 2026Gerdau S.A. announced that they will report Q4, 2025 results on Feb 23, 2026お知らせ • Nov 01Gerdau S.A. Announces Dividend Distribution Based on Third Quarter of 2025 ResultsGerdau S.A. announced Dividend distribution of BRL 0.28 per share, equivalent to BRL 555.2 million, based on third quarter of 2025 results.お知らせ • Mar 13Gerdau S.A., Annual General Meeting, Apr 10, 2025Gerdau S.A., Annual General Meeting, Apr 10, 2025.お知らせ • Feb 20Gerdau S.A. Announces Dividend Distribution to Be Paid Based on Fourth Quarter 2024 Results, Payable on March 14, 2025Gerdau S.A. announced Dividend distribution in the amount of BRL 0.10 per share, equivalent to BRL 203.4 million, to be paid based on fourth quarter 2024 results. In 2024, Gerdau S.A. returned BRL 2.9 billion through dividends and the buyback program, achieving a return of 65.9% for shareholders. Record Date: March 05, 2025. Ex-Dividend Date: March 06, 2025. Payment Date: March 14, 2025.お知らせ • Feb 12Gerdau S.A. (BOVESPA:GGBR4) completed the acquisition of remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631).Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million on November 21, 2024. A cash consideration of $32.6 million will be paid by Gerdau S.A. As part of consideration, $32.6 million is paid towards common equity of Gerdau Summit Acos Fundidos e Forjados S.A. Upon completion, Gerdau S.A. will own 100% stake in Gerdau Summit Acos Fundidos e Forjados S.A. The transaction is subject to approval by competition authorities. The transaction is expected to complete in early 2025. Gerdau S.A. (BOVESPA:GGBR4) completed the acquisition of remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) on February 10, 2025.お知らせ • Dec 11+ 2 more updatesGerdau S.A. to Report Q3, 2025 Results on Oct 30, 2025Gerdau S.A. announced that they will report Q3, 2025 results on Oct 30, 2025お知らせ • Nov 22Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million.Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million on November 21, 2024. A cash consideration of $32.6 million will be paid by Gerdau S.A. As part of consideration, $32.6 million is paid towards common equity of Gerdau Summit Acos Fundidos e Forjados S.A. Upon completion, Gerdau S.A. will own 100% stake in Gerdau Summit Acos Fundidos e Forjados S.A. The transaction is subject to approval by competition authorities. The transaction is expected to complete in early 2025.Declared Dividend • Nov 13Third quarter dividend of R$0.30 announcedShareholders will receive a dividend of R$0.30. Ex-date: 19th November 2024 Payment date: 16th December 2024 Dividend yield will be 12%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.38, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.23 per share.Buy Or Sell Opportunity • Nov 10Now 20% undervaluedOver the last 90 days, the stock has risen 11% to €3.20. The fair value is estimated to be €4.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period.お知らせ • Nov 07Gerdau S.A. to Report Q4, 2024 Results on Feb 19, 2025Gerdau S.A. announced that they will report Q4, 2024 results at 6:00 PM, E. South America Standard Time on Feb 19, 2025Reported Earnings • Nov 07Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: R$17.4b (up 1.8% from 3Q 2023). Net income: R$1.35b (down 15% from 3Q 2023). Profit margin: 7.8% (down from 9.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Nov 06Gerdau S.A. Declares DividendGerdau S.A. announced Dividend distribution in the amount of BRL 0.30 per share, equivalent to BRL 619,4 million, to be paid based on 3Q24 results.New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin).Buy Or Sell Opportunity • Oct 15Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.2% to €2.90. The fair value is estimated to be €3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period.Buy Or Sell Opportunity • Sep 11Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to €2.84. The fair value is estimated to be €3.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 1.4% per annum over the same time period.Buy Or Sell Opportunity • Aug 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to €2.90. The fair value is estimated to be €3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period.Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: R$0.41 (vs R$1.02 in 2Q 2023)Second quarter 2024 results: EPS: R$0.41 (down from R$1.02 in 2Q 2023). Revenue: R$16.6b (down 9.0% from 2Q 2023). Net income: R$859.1m (down 60% from 2Q 2023). Profit margin: 5.2% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Declared Dividend • May 06First quarter dividend of R$0.28 announcedShareholders will receive a dividend of R$0.28. Ex-date: 16th May 2024 Payment date: 27th May 2024 Dividend yield will be 13%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.4% over the next 3 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • May 03First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: R$16.2b (down 14% from 1Q 2023). Net income: R$2.04b (down 36% from 1Q 2023). Profit margin: 13% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.Buy Or Sell Opportunity • May 03Now 31% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €3.72. The fair value is estimated to be €2.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings are forecast to decline by 8.4% per annum over the same time period.New Risk • Apr 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).Buy Or Sell Opportunity • Mar 20Now 21% overvaluedOver the last 90 days, the stock has fallen 5.8% to €3.90. The fair value is estimated to be €3.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are forecast to decline by 22% per annum over the same time period.Buy Or Sell Opportunity • Mar 02Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to €4.06. The fair value is estimated to be €3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings are forecast to decline by 23% per annum over the same time period.Upcoming Dividend • Feb 26Upcoming dividend of R$0.10 per shareEligible shareholders must have bought the stock before 04 March 2024. Payment date: 13 March 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (5.9%).Declared Dividend • Feb 25Fourth quarter dividend of R$0.10 announcedShareholders will receive a dividend of R$0.10. Ex-date: 4th March 2024 Payment date: 13th March 2024 Dividend yield will be 9.3%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 34% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Feb 22Full year 2023 earnings released: EPS: R$4.29 (vs R$6.53 in FY 2022)Full year 2023 results: EPS: R$4.29 (down from R$6.53 in FY 2022). Revenue: R$68.9b (down 16% from FY 2022). Net income: R$7.50b (down 34% from FY 2022). Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jan 12Gerdau S.A., Annual General Meeting, Apr 16, 2024Gerdau S.A., Annual General Meeting, Apr 16, 2024.お知らせ • Dec 12+ 3 more updatesGerdau S.A. to Report Q1, 2024 Results on May 02, 2024Gerdau S.A. announced that they will report Q1, 2024 results After-Market on May 02, 2024Upcoming Dividend • Nov 13Upcoming dividend of R$0.47 per share at 15% yieldEligible shareholders must have bought the stock before 20 November 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (9.0%).Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: R$0.91 (vs R$1.71 in 3Q 2022)Third quarter 2023 results: EPS: R$0.91 (down from R$1.71 in 3Q 2022). Revenue: R$17.1b (down 19% from 3Q 2022). Net income: R$1.59b (down 47% from 3Q 2022). Profit margin: 9.3% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Oct 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (13% net profit margin).Upcoming Dividend • Aug 14Upcoming dividend of R$0.43 per share at 14% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (8.5%).New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: R$18.3b (down 21% from 2Q 2022). Net income: R$2.14b (down 51% from 2Q 2022). Profit margin: 12% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 06First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: R$18.9b (down 7.2% from 1Q 2022). Net income: R$3.21b (up 9.6% from 1Q 2022). Profit margin: 17% (up from 14% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.Upcoming Dividend • Mar 08Upcoming dividend of R$0.20 per share at 11% yieldEligible shareholders must have bought the stock before 15 March 2023. Payment date: 23 March 2023. Payout ratio is a comfortable 45% and the cash payout ratio is 88%. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (8.0%).Reported Earnings • Mar 03Full year 2022 earnings released: EPS: R$6.76 (vs R$9.09 in FY 2021)Full year 2022 results: EPS: R$6.76 (down from R$9.09 in FY 2021). Revenue: R$82.4b (up 5.2% from FY 2021). Net income: R$11.4b (down 26% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 09Gerdau S.A. to Report Q4, 2022 Results on Mar 01, 2023Gerdau S.A. announced that they will report Q4, 2022 results Pre-Market on Mar 01, 2023お知らせ • Jan 14Gerdau S.A., Annual General Meeting, Apr 17, 2023Gerdau S.A., Annual General Meeting, Apr 17, 2023.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alberto Fernandes was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: R$1.79 (vs R$3.27 in 3Q 2021)Third quarter 2022 results: EPS: R$1.79 (down from R$3.27 in 3Q 2021). Revenue: R$21.1b (flat on 3Q 2021). Net income: R$3.01b (down 46% from 3Q 2021). Profit margin: 14% (down from 26% in 3Q 2021). Revenue is expected to fall by 5.4% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 09Upcoming dividend of R$0.71 per shareEligible shareholders must have bought the stock before 16 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 13%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (9.5%).Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.15, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 90% over the past three years.Upcoming Dividend • May 10Upcoming dividend of R$0.57 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (8.3%).Reported Earnings • May 07First quarter 2022 earnings released: EPS: R$1.72 (vs R$1.44 in 1Q 2021)First quarter 2022 results: EPS: R$1.72 (up from R$1.44 in 1Q 2021). Revenue: R$20.3b (up 24% from 1Q 2021). Net income: R$2.92b (up 19% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 7.7% compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Pine Brauna Pinheiro was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to €5.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.72 per share.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 20% share price gain to €4.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.73 per share.Upcoming Dividend • Mar 01Upcoming dividend of R$0.20 per shareEligible shareholders must have bought the stock before 08 March 2022. Payment date: 16 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (9.2%).Reported Earnings • Feb 24Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: R$9.12 (up from R$1.39 in FY 2020). Revenue: R$78.3b (up 79% from FY 2020). Net income: R$15.6b (up R$13.2b from FY 2020). Profit margin: 20% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is expected to shrink by 7.0% compared to a 13% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 05Now 25% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be R$6.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 79% per annum over the last 3 years.Upcoming Dividend • Nov 01Upcoming dividend of R$1.59 per shareEligible shareholders must have bought the stock before 08 November 2021. Payment date: 16 November 2021. Trailing yield: 11%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (7.2%).Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS R$3.27 (vs R$0.46 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: R$21.3b (up 74% from 3Q 2020). Net income: R$5.58b (up R$4.79b from 3Q 2020). Profit margin: 26% (up from 6.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to R$4.28, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.49 per share.Upcoming Dividend • Aug 10Upcoming dividend of R$0.54 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 26 August 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.2%).Reported Earnings • Aug 06Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: R$19.1b (up 119% from 2Q 2020). Net income: R$3.92b (up R$3.60b from 2Q 2020). Profit margin: 21% (up from 3.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 05Upcoming Dividend of R$0.11 Per ShareWill be paid on the 25th of March to those who are registered shareholders by the 12th of March. The trailing yield of 1.6% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (4.3%).Reported Earnings • Feb 26Full year 2020 earnings released: EPS R$1.39 (vs R$0.71 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: R$43.8b (up 11% from FY 2019). Net income: R$2.37b (up 97% from FY 2019). Profit margin: 5.4% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 19%, compared to a 21% growth forecast for the Metals and Mining industry in Germany.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to R$4.34, the stock is trading at a trailing P/E ratio of 35.4x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe. Total returns to shareholders over the past three years are 22%.Is New 90 Day High Low • Jan 07New 90-day high: €4.18The company is up 27% from its price of €3.28 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.52 per share.Is New 90 Day High Low • Dec 16New 90-day high: €3.76The company is up 12% from its price of €3.36 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.73 per share.Is New 90 Day High Low • Nov 10New 90-day high: €3.56The company is up 29% from its price of €2.76 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.83 per share.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of R$1.42b, down 4.5% from the prior year. Total revenue was R$39.7b over the last 12 months, down 3.1% from the prior year.Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 7.4% at R$12.2b. Revenue is forecast to grow 15% over the next year, compared to a 8.1% growth forecast for the Metals and Mining industry in Germany.Is New 90 Day High Low • Oct 24New 90-day high: €3.44The company is up 30% from its price of €2.64 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.64 per share.お知らせ • Jun 19Gerdau S.A. to Report Q2, 2020 Results on Aug 05, 2020Gerdau S.A. announced that they will report Q2, 2020 results at 11:24 AM, GMT Standard Time on Aug 05, 2020業績と収益の成長予測DB:GDUB - アナリストの将来予測と過去の財務データ ( )BRL Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202875,9435,5054,6038,6411112/31/202773,0715,3974,4957,8861312/31/202670,2765,3603,9017,849113/31/202669,1991,6402,4108,596N/A12/31/202569,8591,3871,1357,987N/A9/30/202569,7073,0013807,627N/A6/30/202569,1023,2693,34610,530N/A3/31/202568,1923,2724,74211,451N/A12/31/202467,0274,5665,43511,381N/A9/30/202464,9204,8286,59612,208N/A6/30/202464,6055,0633,2968,725N/A3/31/202466,2546,3394,54210,006N/A12/31/202368,9167,5025,80211,139N/A9/30/202372,1658,1313,7459,250N/A6/30/202376,2519,5605,05610,153N/A3/31/202380,95411,7075,96010,794N/A12/31/202282,41211,4266,66911,150N/A9/30/202286,00313,71313,23817,248N/A6/30/202286,17116,29612,84016,575N/A3/31/202282,33315,9689,91913,268N/A12/31/202178,34515,4949,32512,517N/A9/30/202170,41013,0474,7517,290N/A6/30/202161,3158,2395,1167,199N/A3/31/202150,9304,6005,0476,815N/A12/31/202043,8152,3664,6036,408N/A9/30/202039,7281,4171,9463,653N/A6/30/202037,4379178952,783N/A3/31/202038,8469711,1183,161N/A12/31/201939,6441,204N/A1,643N/A9/30/201941,0101,488N/A3,520N/A6/30/201943,9151,987N/A1,938N/A3/31/201945,7962,312N/A1,847N/A12/31/201846,1592,304N/A2,000N/A9/30/201845,077536N/A2,573N/A6/30/201841,717-114N/A2,308N/A3/31/201838,848-734N/A1,836N/A12/31/201736,918-359N/A2,076N/A9/30/201735,720-2,039N/A1,465N/A6/30/201734,943-2,082N/A2,060N/A3/31/201736,026-2,084N/A2,624N/A12/31/201637,652-2,891N/A3,516N/A9/30/201639,481-2,984N/A3,791N/A6/30/201642,708-5,018N/A6,409N/A3/31/201643,218-4,836N/A7,147N/A12/31/201543,581-4,551N/A7,162N/A9/30/201543,976-997N/A5,827N/A6/30/201542,7571,198N/A3,515N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: GDUBの予測収益成長率 (年間31.4% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: GDUBの収益 ( 31.4% ) はGerman市場 ( 16.7% ) よりも速いペースで成長すると予測されています。高成長収益: GDUBの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: GDUBの収益 ( 4% ) German市場 ( 6.4% ) よりも低い成長が予測されています。高い収益成長: GDUBの収益 ( 4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: GDUBの 自己資本利益率 は、3年後には低くなると予測されています ( 10 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 12:55終値2026/05/07 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Gerdau S.A. 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。22 アナリスト機関Leonardo CorreaBarclaysMary Cleia da SilvaBB Banco de Investimento S.A.Caio RibeiroBofA Global Research19 その他のアナリストを表示
お知らせ • Apr 30Gerdau S.A. Approves Dividend Distribution, Payable on June 9, 2026Gerdau S.A. approved a dividend distribution of BRL 0.18 per share, equivalent to BRL 354.1 million, to be paid as of June 09, 2026.
お知らせ • Apr 17Gerdau S.A. (BOVESPA:GGBR4) agreed to acquire additional 23.03% stake in Dona Francisca Energética S.A. from Centrais Elétricas de Santa Catarina S.A. (BOVESPA:CLSC4) for an enterprise value of BRL 150 million.Gerdau S.A. (BOVESPA:GGBR4) agreed to acquire additional 23.03% stake in Dona Francisca Energética S.A. from Centrais Elétricas de Santa Catarina S.A. (BOVESPA:CLSC4) for an enterprise value of BRL 150 million on April 16, 2026. Upon completion of the acquisition, the Company will hold a 76.97% equity interest in DFESA. As part of the agreement, the acquisition price will be paid in cash on the closing date, using the Company's own available resources. The purchase price is subject to customary closing adjustments in accordance with the terms and conditions set forth in the definitive agreements. The transaction is also subject to the potential exercise of the proportional preemptive rights held by the other shareholders of DFESA. Additionally, closing of the transaction is subject to the satisfaction of customary conditions precedent for transactions of this nature, including approval by the Brazilian antitrust authority.
お知らせ • Mar 17Gerdau S.A., Annual General Meeting, Apr 15, 2026Gerdau S.A., Annual General Meeting, Apr 15, 2026. Location: to be held exclusively on, Brazil
お知らせ • Jan 07+ 3 more updatesGerdau S.A. to Report Q4, 2025 Results on Feb 23, 2026Gerdau S.A. announced that they will report Q4, 2025 results on Feb 23, 2026
お知らせ • Nov 01Gerdau S.A. Announces Dividend Distribution Based on Third Quarter of 2025 ResultsGerdau S.A. announced Dividend distribution of BRL 0.28 per share, equivalent to BRL 555.2 million, based on third quarter of 2025 results.
お知らせ • Mar 13Gerdau S.A., Annual General Meeting, Apr 10, 2025Gerdau S.A., Annual General Meeting, Apr 10, 2025.
お知らせ • Feb 20Gerdau S.A. Announces Dividend Distribution to Be Paid Based on Fourth Quarter 2024 Results, Payable on March 14, 2025Gerdau S.A. announced Dividend distribution in the amount of BRL 0.10 per share, equivalent to BRL 203.4 million, to be paid based on fourth quarter 2024 results. In 2024, Gerdau S.A. returned BRL 2.9 billion through dividends and the buyback program, achieving a return of 65.9% for shareholders. Record Date: March 05, 2025. Ex-Dividend Date: March 06, 2025. Payment Date: March 14, 2025.
お知らせ • Feb 12Gerdau S.A. (BOVESPA:GGBR4) completed the acquisition of remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631).Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million on November 21, 2024. A cash consideration of $32.6 million will be paid by Gerdau S.A. As part of consideration, $32.6 million is paid towards common equity of Gerdau Summit Acos Fundidos e Forjados S.A. Upon completion, Gerdau S.A. will own 100% stake in Gerdau Summit Acos Fundidos e Forjados S.A. The transaction is subject to approval by competition authorities. The transaction is expected to complete in early 2025. Gerdau S.A. (BOVESPA:GGBR4) completed the acquisition of remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) on February 10, 2025.
お知らせ • Dec 11+ 2 more updatesGerdau S.A. to Report Q3, 2025 Results on Oct 30, 2025Gerdau S.A. announced that they will report Q3, 2025 results on Oct 30, 2025
お知らせ • Nov 22Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million.Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million on November 21, 2024. A cash consideration of $32.6 million will be paid by Gerdau S.A. As part of consideration, $32.6 million is paid towards common equity of Gerdau Summit Acos Fundidos e Forjados S.A. Upon completion, Gerdau S.A. will own 100% stake in Gerdau Summit Acos Fundidos e Forjados S.A. The transaction is subject to approval by competition authorities. The transaction is expected to complete in early 2025.
Declared Dividend • Nov 13Third quarter dividend of R$0.30 announcedShareholders will receive a dividend of R$0.30. Ex-date: 19th November 2024 Payment date: 16th December 2024 Dividend yield will be 12%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.38, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.23 per share.
Buy Or Sell Opportunity • Nov 10Now 20% undervaluedOver the last 90 days, the stock has risen 11% to €3.20. The fair value is estimated to be €4.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period.
お知らせ • Nov 07Gerdau S.A. to Report Q4, 2024 Results on Feb 19, 2025Gerdau S.A. announced that they will report Q4, 2024 results at 6:00 PM, E. South America Standard Time on Feb 19, 2025
Reported Earnings • Nov 07Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: R$17.4b (up 1.8% from 3Q 2023). Net income: R$1.35b (down 15% from 3Q 2023). Profit margin: 7.8% (down from 9.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Nov 06Gerdau S.A. Declares DividendGerdau S.A. announced Dividend distribution in the amount of BRL 0.30 per share, equivalent to BRL 619,4 million, to be paid based on 3Q24 results.
New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin).
Buy Or Sell Opportunity • Oct 15Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.2% to €2.90. The fair value is estimated to be €3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period.
Buy Or Sell Opportunity • Sep 11Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to €2.84. The fair value is estimated to be €3.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 1.4% per annum over the same time period.
Buy Or Sell Opportunity • Aug 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to €2.90. The fair value is estimated to be €3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period.
Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: R$0.41 (vs R$1.02 in 2Q 2023)Second quarter 2024 results: EPS: R$0.41 (down from R$1.02 in 2Q 2023). Revenue: R$16.6b (down 9.0% from 2Q 2023). Net income: R$859.1m (down 60% from 2Q 2023). Profit margin: 5.2% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 06First quarter dividend of R$0.28 announcedShareholders will receive a dividend of R$0.28. Ex-date: 16th May 2024 Payment date: 27th May 2024 Dividend yield will be 13%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.4% over the next 3 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • May 03First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: R$16.2b (down 14% from 1Q 2023). Net income: R$2.04b (down 36% from 1Q 2023). Profit margin: 13% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.
Buy Or Sell Opportunity • May 03Now 31% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €3.72. The fair value is estimated to be €2.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings are forecast to decline by 8.4% per annum over the same time period.
New Risk • Apr 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).
Buy Or Sell Opportunity • Mar 20Now 21% overvaluedOver the last 90 days, the stock has fallen 5.8% to €3.90. The fair value is estimated to be €3.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are forecast to decline by 22% per annum over the same time period.
Buy Or Sell Opportunity • Mar 02Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to €4.06. The fair value is estimated to be €3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings are forecast to decline by 23% per annum over the same time period.
Upcoming Dividend • Feb 26Upcoming dividend of R$0.10 per shareEligible shareholders must have bought the stock before 04 March 2024. Payment date: 13 March 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (5.9%).
Declared Dividend • Feb 25Fourth quarter dividend of R$0.10 announcedShareholders will receive a dividend of R$0.10. Ex-date: 4th March 2024 Payment date: 13th March 2024 Dividend yield will be 9.3%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 34% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Feb 22Full year 2023 earnings released: EPS: R$4.29 (vs R$6.53 in FY 2022)Full year 2023 results: EPS: R$4.29 (down from R$6.53 in FY 2022). Revenue: R$68.9b (down 16% from FY 2022). Net income: R$7.50b (down 34% from FY 2022). Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jan 12Gerdau S.A., Annual General Meeting, Apr 16, 2024Gerdau S.A., Annual General Meeting, Apr 16, 2024.
お知らせ • Dec 12+ 3 more updatesGerdau S.A. to Report Q1, 2024 Results on May 02, 2024Gerdau S.A. announced that they will report Q1, 2024 results After-Market on May 02, 2024
Upcoming Dividend • Nov 13Upcoming dividend of R$0.47 per share at 15% yieldEligible shareholders must have bought the stock before 20 November 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (9.0%).
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: R$0.91 (vs R$1.71 in 3Q 2022)Third quarter 2023 results: EPS: R$0.91 (down from R$1.71 in 3Q 2022). Revenue: R$17.1b (down 19% from 3Q 2022). Net income: R$1.59b (down 47% from 3Q 2022). Profit margin: 9.3% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (13% net profit margin).
Upcoming Dividend • Aug 14Upcoming dividend of R$0.43 per share at 14% yieldEligible shareholders must have bought the stock before 21 August 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (8.5%).
New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: R$18.3b (down 21% from 2Q 2022). Net income: R$2.14b (down 51% from 2Q 2022). Profit margin: 12% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 06First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: R$18.9b (down 7.2% from 1Q 2022). Net income: R$3.21b (up 9.6% from 1Q 2022). Profit margin: 17% (up from 14% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.
Upcoming Dividend • Mar 08Upcoming dividend of R$0.20 per share at 11% yieldEligible shareholders must have bought the stock before 15 March 2023. Payment date: 23 March 2023. Payout ratio is a comfortable 45% and the cash payout ratio is 88%. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (8.0%).
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: R$6.76 (vs R$9.09 in FY 2021)Full year 2022 results: EPS: R$6.76 (down from R$9.09 in FY 2021). Revenue: R$82.4b (up 5.2% from FY 2021). Net income: R$11.4b (down 26% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 09Gerdau S.A. to Report Q4, 2022 Results on Mar 01, 2023Gerdau S.A. announced that they will report Q4, 2022 results Pre-Market on Mar 01, 2023
お知らせ • Jan 14Gerdau S.A., Annual General Meeting, Apr 17, 2023Gerdau S.A., Annual General Meeting, Apr 17, 2023.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alberto Fernandes was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: R$1.79 (vs R$3.27 in 3Q 2021)Third quarter 2022 results: EPS: R$1.79 (down from R$3.27 in 3Q 2021). Revenue: R$21.1b (flat on 3Q 2021). Net income: R$3.01b (down 46% from 3Q 2021). Profit margin: 14% (down from 26% in 3Q 2021). Revenue is expected to fall by 5.4% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 09Upcoming dividend of R$0.71 per shareEligible shareholders must have bought the stock before 16 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 13%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (9.5%).
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.15, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 90% over the past three years.
Upcoming Dividend • May 10Upcoming dividend of R$0.57 per shareEligible shareholders must have bought the stock before 17 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (8.3%).
Reported Earnings • May 07First quarter 2022 earnings released: EPS: R$1.72 (vs R$1.44 in 1Q 2021)First quarter 2022 results: EPS: R$1.72 (up from R$1.44 in 1Q 2021). Revenue: R$20.3b (up 24% from 1Q 2021). Net income: R$2.92b (up 19% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 7.7% compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Pine Brauna Pinheiro was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to €5.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.72 per share.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 20% share price gain to €4.92, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.73 per share.
Upcoming Dividend • Mar 01Upcoming dividend of R$0.20 per shareEligible shareholders must have bought the stock before 08 March 2022. Payment date: 16 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (9.2%).
Reported Earnings • Feb 24Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: R$9.12 (up from R$1.39 in FY 2020). Revenue: R$78.3b (up 79% from FY 2020). Net income: R$15.6b (up R$13.2b from FY 2020). Profit margin: 20% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is expected to shrink by 7.0% compared to a 13% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 05Now 25% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be R$6.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 79% per annum over the last 3 years.
Upcoming Dividend • Nov 01Upcoming dividend of R$1.59 per shareEligible shareholders must have bought the stock before 08 November 2021. Payment date: 16 November 2021. Trailing yield: 11%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (7.2%).
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS R$3.27 (vs R$0.46 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: R$21.3b (up 74% from 3Q 2020). Net income: R$5.58b (up R$4.79b from 3Q 2020). Profit margin: 26% (up from 6.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to R$4.28, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.49 per share.
Upcoming Dividend • Aug 10Upcoming dividend of R$0.54 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 26 August 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.2%).
Reported Earnings • Aug 06Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: R$19.1b (up 119% from 2Q 2020). Net income: R$3.92b (up R$3.60b from 2Q 2020). Profit margin: 21% (up from 3.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 05Upcoming Dividend of R$0.11 Per ShareWill be paid on the 25th of March to those who are registered shareholders by the 12th of March. The trailing yield of 1.6% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (4.3%).
Reported Earnings • Feb 26Full year 2020 earnings released: EPS R$1.39 (vs R$0.71 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: R$43.8b (up 11% from FY 2019). Net income: R$2.37b (up 97% from FY 2019). Profit margin: 5.4% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 19%, compared to a 21% growth forecast for the Metals and Mining industry in Germany.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to R$4.34, the stock is trading at a trailing P/E ratio of 35.4x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe. Total returns to shareholders over the past three years are 22%.
Is New 90 Day High Low • Jan 07New 90-day high: €4.18The company is up 27% from its price of €3.28 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.52 per share.
Is New 90 Day High Low • Dec 16New 90-day high: €3.76The company is up 12% from its price of €3.36 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.73 per share.
Is New 90 Day High Low • Nov 10New 90-day high: €3.56The company is up 29% from its price of €2.76 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.83 per share.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of R$1.42b, down 4.5% from the prior year. Total revenue was R$39.7b over the last 12 months, down 3.1% from the prior year.
Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 7.4% at R$12.2b. Revenue is forecast to grow 15% over the next year, compared to a 8.1% growth forecast for the Metals and Mining industry in Germany.
Is New 90 Day High Low • Oct 24New 90-day high: €3.44The company is up 30% from its price of €2.64 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.64 per share.
お知らせ • Jun 19Gerdau S.A. to Report Q2, 2020 Results on Aug 05, 2020Gerdau S.A. announced that they will report Q2, 2020 results at 11:24 AM, GMT Standard Time on Aug 05, 2020