Gerdau（XGGB）株式概要ゲルダウS.A.は、その子会社とともに鉄鋼生産会社として活動している。 詳細XGGB ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長3/6過去の実績0/6財務の健全性6/6配当金4/6報酬収益は年間31.43%増加すると予測されています リスク分析利益率(2.4%)は昨年より低い(4.8%) 財務結果に影響を与える大きな一時的項目 過去3か月間に大規模なインサイダー売却が発生 不安定な配当実績 すべてのリスクチェックを見るXGGB Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€3.9037.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-5b84b2016201920222025202620282031Revenue R$84.0bEarnings R$2.0bAdvancedSet Fair ValueView all narrativesGerdau S.A. 競合他社VidralaSymbol: BME:VIDMarket cap: €2.7bCementos MolinsSymbol: BDM:CMOMarket cap: €2.4bTerniumSymbol: NYSE:TXMarket cap: US$9.6bInmocementoSymbol: BME:IMCMarket cap: €1.8b価格と性能株価の高値、安値、推移の概要Gerdau過去の株価現在の株価R$3.9052週高値R$4.1252週安値R$2.36ベータ0.941ヶ月の変化-1.02%3ヶ月変化11.43%1年変化65.25%3年間の変化-0.85%5年間の変化-7.28%IPOからの変化387.70%最新ニュースBuy Or Sell Opportunity • May 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €3.96. The fair value is estimated to be €3.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.New Risk • May 15New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: 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 (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Significant insider selling over the past 3 months (€2.9m sold).Buy Or Sell Opportunity • May 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.06. The fair value is estimated to be €3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.Declared Dividend • May 03First quarter dividend of R$0.18 announcedShareholders will receive a dividend of R$0.18. Ex-date: 14th May 2026 Payment date: 9th June 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.Reported Earnings • Apr 29First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: R$16.7b (down 3.8% from 1Q 2025). Net income: R$1.00b (up 34% from 1Q 2025). Profit margin: 6.0% (up from 4.3% in 1Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.最新情報をもっと見るRecent updatesBuy Or Sell Opportunity • May 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €3.96. The fair value is estimated to be €3.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.New Risk • May 15New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: 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 (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Significant insider selling over the past 3 months (€2.9m sold).Buy Or Sell Opportunity • May 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.06. The fair value is estimated to be €3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.Declared Dividend • May 03First quarter dividend of R$0.18 announcedShareholders will receive a dividend of R$0.18. Ex-date: 14th May 2026 Payment date: 9th June 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.Reported Earnings • Apr 29First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: R$16.7b (down 3.8% from 1Q 2025). Net income: R$1.00b (up 34% from 1Q 2025). Profit margin: 6.0% (up from 4.3% in 1Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.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.Buy Or Sell Opportunity • Apr 08Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to €3.46. The fair value is estimated to be €2.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 53%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.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, BrazilDeclared Dividend • Feb 28Fourth quarter dividend of R$0.10 announcedShareholders will receive a dividend of R$0.10. Ex-date: 11th March 2026 Payment date: 18th March 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 158% over the next 3 years, which should maintain adequate earnings cover for the dividend.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: R$0.69 (vs R$2.19 in FY 2024)Full year 2025 results: EPS: R$0.69 (down from R$2.19 in FY 2024). Revenue: R$69.9b (up 4.2% from FY 2024). Net income: R$1.39b (down 70% from FY 2024). Profit margin: 2.0% (down from 6.8% in FY 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.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, 2026Buy Or Sell Opportunity • Dec 01Now 21% undervaluedOver the last 90 days, the stock has risen 17% to €3.08. The fair value is estimated to be €3.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 50%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Declared Dividend • Nov 03Third quarter dividend of R$0.28 announcedShareholders will receive a dividend of R$0.28. Ex-date: 11th November 2025 Payment date: 11th December 2025 Dividend yield will be 11%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (418% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: R$0.55 (vs R$0.64 in 3Q 2024)Third quarter 2025 results: EPS: R$0.55 (down from R$0.64 in 3Q 2024). Revenue: R$18.0b (up 3.5% from 3Q 2024). Net income: R$1.09b (down 19% from 3Q 2024). Profit margin: 6.1% (down from 7.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 21Now 20% undervaluedOver the last 90 days, the stock has risen 4.2% to €2.50. The fair value is estimated to be €3.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.Declared Dividend • Aug 06Second quarter dividend of R$0.12 announcedShareholders will receive a dividend of R$0.12. Ex-date: 12th August 2025 Payment date: 18th August 2025 Dividend yield will be 8.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: R$0.43 (vs R$0.41 in 2Q 2024)Second quarter 2025 results: EPS: R$0.43. Revenue: R$17.5b (up 5.5% from 2Q 2024). Net income: R$856.3m (flat on 2Q 2024). Profit margin: 4.9% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe.Buy Or Sell Opportunity • Aug 01Now 21% undervaluedOver the last 90 days, the stock has risen 9.4% to €2.56. The fair value is estimated to be €3.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 55% in the next 2 years.Buy Or Sell Opportunity • May 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €2.24. The fair value is estimated to be €2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.Declared Dividend • May 02First quarter dividend of R$0.12 announcedShareholders will receive a dividend of R$0.12. Ex-date: 9th May 2025 Payment date: 19th May 2025 Dividend yield will be 8.8%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: R$0.37 (vs R$0.97 in 1Q 2024)First quarter 2025 results: EPS: R$0.37 (down from R$0.97 in 1Q 2024). Revenue: R$17.4b (up 7.2% from 1Q 2024). Net income: R$749.5m (down 63% from 1Q 2024). Profit margin: 4.3% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% 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 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €2.26, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 38% over the past three years.お知らせ • Mar 13Gerdau S.A., Annual General Meeting, Apr 10, 2025Gerdau S.A., Annual General Meeting, Apr 10, 2025.New Risk • Mar 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.6% 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: 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 (4.6% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin).Buy Or Sell Opportunity • Mar 05Now 22% overvaluedOver the last 90 days, the stock has fallen 18% to €2.70. The fair value is estimated to be €2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Declared Dividend • Feb 26Fourth quarter dividend of R$0.10 announcedShareholders will receive a dividend of R$0.10. Ex-date: 6th March 2025 Payment date: 14th March 2025 Dividend yield will be 8.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 20Full year 2024 earnings releasedFull year 2024 results: Revenue: R$67.0b (down 2.7% from FY 2023). Net income: R$4.57b (down 39% from FY 2023). Profit margin: 6.8% (down from 11% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.8% 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 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.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.Board Change • Feb 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Member of Board of Auditors Elvira Baracuhy Presta was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Dec 13Now 21% undervaluedOver the last 90 days, the stock has risen 5.9% to €3.22. The fair value is estimated to be €4.07, 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 2.7% per annum over the same time period.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, 2025Buy Or Sell Opportunity • Nov 28Now 20% undervaluedOver the last 90 days, the stock has risen 8.1% to €3.22. The fair value is estimated to be €4.03, 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 4.9% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.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.Buy Or Sell Opportunity • Nov 12Now 21% undervaluedOver the last 90 days, the stock has risen 11% to €3.26. The fair value is estimated to be €4.12, 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 4.7% 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 06Third 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 2% 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 (4.8% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin).Buy Or Sell Opportunity • Sep 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to €2.96. The fair value is estimated to be €3.72, 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 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to €2.96. The fair value is estimated to be €3.71, 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 4.3% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period.New Risk • Aug 22New 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 Spanish stocks, typically moving 5.2% 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 Risk Share price has been highly volatile over the past 3 months (5.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.8% net profit margin).Reported Earnings • Aug 01Second 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 3.6% 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 9% 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 04First 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 • Mar 14Now 24% overvaluedOver the last 90 days, the stock has fallen 7.3% to €4.06. The fair value is estimated to be €3.28, 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 • Feb 27Now 23% overvaluedOver the last 90 days, the stock has fallen 4.8% to €4.00. The fair value is estimated to be €3.25, 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 Spanish dividend payers (6.2%). 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 9.2%, 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 only increased by 3% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jan 25Now 22% overvaluedOver the last 90 days, the stock has fallen 1.9% to €4.10. The fair value is estimated to be €3.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to decline by 0.02% per annum. Earnings are also forecast to decline by 29% per annum over the same time period.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 Spanish dividend payers (6.0%). 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 12% per year, which means it is significantly lagging earnings growth.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 Spanish dividend payers (6.0%). 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 Risk 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). Share price has been volatile over the past 3 months (4.9% average weekly change). 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 22% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 05First 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 1.2% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €4.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 189% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.88 per share.Upcoming Dividend • Mar 09Upcoming 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 Spanish dividend payers (6.0%). Higher than average of industry peers (8.2%).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 21% 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.Upcoming Dividend • Nov 16Upcoming dividend of R$2.15 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 14 December 2022. Payout ratio is a comfortable 2.5% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Spanish dividend payers (6.2%). Higher than average of industry peers (8.8%).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.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 Spanish dividend payers (5.9%). Higher than average of industry peers (9.5%).Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.86, 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 75% 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 Spanish dividend payers (5.8%). Higher than average of industry peers (8.3%).Reported Earnings • May 06First 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 7.5% compared to a 33% growth forecast for the industry in Spain. 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 20% 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 03Investor sentiment improved over the past weekAfter last week's 20% share price gain to €5.00, 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 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.86 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 Spanish dividend payers (5.7%). Higher than average of industry peers (8.7%).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 Spain. 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 5% per year, which means it is significantly lagging earnings growth.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 Spanish dividend payers (5.4%). 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 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €3.82, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.81 per share.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to R$4.42, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.32 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%. Lower than top quartile of Spanish dividend payers (4.9%). 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 12% per year, which means it is significantly lagging earnings growth.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 Spain.Is New 90 Day High Low • Jan 04New 90-day high: €4.00The company is up 19% from its price of €3.36 on 06 October 2020. The Spanish market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.72 per share.Is New 90 Day High Low • Dec 18New 90-day high: €3.88The company is up 14% from its price of €3.40 on 18 September 2020. The Spanish market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.66 per share.Is New 90 Day High Low • Nov 24New 90-day high: €3.54The company is up 20% from its price of €2.96 on 26 August 2020. The Spanish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.37 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 Spain.株主還元XGGBES Metals and MiningES 市場7D-3.0%3.0%1.6%1Y65.3%92.2%25.5%株主還元を見る業界別リターン: XGGB過去 1 年間で92.2 % の収益を上げたSpanish Metals and Mining業界を下回りました。リターン対市場: XGGB過去 1 年間で25.5 % の収益を上げたSpanish市場を上回りました。価格変動Is XGGB's price volatile compared to industry and market?XGGB volatilityXGGB Average Weekly Movement5.2%Metals and Mining Industry Average Movement8.3%Market Average Movement3.8%10% most volatile stocks in ES Market6.9%10% least volatile stocks in ES Market0.9%安定した株価: XGGB 、 Spanish市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: XGGBの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト190130,000Gustavo Da Cunhawww2.gerdau.comゲルダウS.A. は子会社とともに鉄鋼生産会社として事業を行っている。同社は、ブラジル事業、北米事業、南米事業、特殊鋼事業の各セグメントを通じて事業を展開している。同社はまた、ビレット、ブルーム、スラブなどの半製品、鉄筋、線材、マーチャントバー、軽量形鋼、プロファイルなどの一般的な長尺圧延製品を建設・製造業界に提供している；有刺鉄線、無刺鉄線、亜鉛メッキ線、フェンス、コンクリート補強金網、釘、製造業、建設業、農業用のクランプからなる引抜製品、自動車部品、小型・大型車両、農業機械、石油・ガス、風力エネルギー、機械・設備、鉱業、鉄道、その他の市場で使用される特殊鋼製品。さらに、同社は熱延鋼板コイルや厚板などの平鋼製品を提供し、平鋼製品の再販も行っている。さらに、ブラジルのミナス・ジェライス州で鉄鉱石を生産する鉱山を運営している。同社は、独立した代理店、工場からの直接販売、小売ネットワークを通じて製品を販売している。ゲルダウS A.は1901年に設立され、ブラジルのサンパウロに本拠を置く。もっと見るGerdau S.A. 基礎のまとめGerdau の収益と売上を時価総額と比較するとどうか。XGGB 基礎統計学時価総額€7.45b収益（TTM）€278.37m売上高(TTM)€11.75b27.3xPER（株価収益率0.6xP/SレシオXGGB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計XGGB 損益計算書（TTM）収益R$69.20b売上原価R$60.88b売上総利益R$8.31bその他の費用R$6.68b収益R$1.64b直近の収益報告Mar 31, 2026次回決算日Aug 04, 2026一株当たり利益（EPS）0.83グロス・マージン12.02%純利益率2.37%有利子負債／自己資本比率26.1%XGGB の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.7%現在の配当利回り82%配当性向XGGB 配当は確実ですか？XGGB 配当履歴とベンチマークを見るXGGB 、いつまでに購入すれば配当金を受け取れますか？Gerdau 配当日配当落ち日May 14 2026配当支払日Jun 09 2026配当落ちまでの日数17 days配当支払日までの日数9 daysXGGB 配当は確実ですか？XGGB 配当履歴とベンチマークを見るView Valuation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2026/05/29 10:26終値2026/05/29 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
Buy Or Sell Opportunity • May 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €3.96. The fair value is estimated to be €3.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.
New Risk • May 15New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: 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 (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Significant insider selling over the past 3 months (€2.9m sold).
Buy Or Sell Opportunity • May 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.06. The fair value is estimated to be €3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.
Declared Dividend • May 03First quarter dividend of R$0.18 announcedShareholders will receive a dividend of R$0.18. Ex-date: 14th May 2026 Payment date: 9th June 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
Reported Earnings • Apr 29First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: R$16.7b (down 3.8% from 1Q 2025). Net income: R$1.00b (up 34% from 1Q 2025). Profit margin: 6.0% (up from 4.3% in 1Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.
Buy Or Sell Opportunity • May 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €3.96. The fair value is estimated to be €3.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.
New Risk • May 15New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: 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 (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Significant insider selling over the past 3 months (€2.9m sold).
Buy Or Sell Opportunity • May 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.06. The fair value is estimated to be €3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to grow by 231% in the next 2 years.
Declared Dividend • May 03First quarter dividend of R$0.18 announcedShareholders will receive a dividend of R$0.18. Ex-date: 14th May 2026 Payment date: 9th June 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
Reported Earnings • Apr 29First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: R$16.7b (down 3.8% from 1Q 2025). Net income: R$1.00b (up 34% from 1Q 2025). Profit margin: 6.0% (up from 4.3% in 1Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Europe.
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.
Buy Or Sell Opportunity • Apr 08Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to €3.46. The fair value is estimated to be €2.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 53%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
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
Declared Dividend • Feb 28Fourth quarter dividend of R$0.10 announcedShareholders will receive a dividend of R$0.10. Ex-date: 11th March 2026 Payment date: 18th March 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 158% over the next 3 years, which should maintain adequate earnings cover for the dividend.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: R$0.69 (vs R$2.19 in FY 2024)Full year 2025 results: EPS: R$0.69 (down from R$2.19 in FY 2024). Revenue: R$69.9b (up 4.2% from FY 2024). Net income: R$1.39b (down 70% from FY 2024). Profit margin: 2.0% (down from 6.8% in FY 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
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
Buy Or Sell Opportunity • Dec 01Now 21% undervaluedOver the last 90 days, the stock has risen 17% to €3.08. The fair value is estimated to be €3.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 50%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Declared Dividend • Nov 03Third quarter dividend of R$0.28 announcedShareholders will receive a dividend of R$0.28. Ex-date: 11th November 2025 Payment date: 11th December 2025 Dividend yield will be 11%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (418% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: R$0.55 (vs R$0.64 in 3Q 2024)Third quarter 2025 results: EPS: R$0.55 (down from R$0.64 in 3Q 2024). Revenue: R$18.0b (up 3.5% from 3Q 2024). Net income: R$1.09b (down 19% from 3Q 2024). Profit margin: 6.1% (down from 7.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 21Now 20% undervaluedOver the last 90 days, the stock has risen 4.2% to €2.50. The fair value is estimated to be €3.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.
Declared Dividend • Aug 06Second quarter dividend of R$0.12 announcedShareholders will receive a dividend of R$0.12. Ex-date: 12th August 2025 Payment date: 18th August 2025 Dividend yield will be 8.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: R$0.43 (vs R$0.41 in 2Q 2024)Second quarter 2025 results: EPS: R$0.43. Revenue: R$17.5b (up 5.5% from 2Q 2024). Net income: R$856.3m (flat on 2Q 2024). Profit margin: 4.9% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe.
Buy Or Sell Opportunity • Aug 01Now 21% undervaluedOver the last 90 days, the stock has risen 9.4% to €2.56. The fair value is estimated to be €3.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 55% in the next 2 years.
Buy Or Sell Opportunity • May 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €2.24. The fair value is estimated to be €2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
Declared Dividend • May 02First quarter dividend of R$0.12 announcedShareholders will receive a dividend of R$0.12. Ex-date: 9th May 2025 Payment date: 19th May 2025 Dividend yield will be 8.8%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: R$0.37 (vs R$0.97 in 1Q 2024)First quarter 2025 results: EPS: R$0.37 (down from R$0.97 in 1Q 2024). Revenue: R$17.4b (up 7.2% from 1Q 2024). Net income: R$749.5m (down 63% from 1Q 2024). Profit margin: 4.3% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% 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 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €2.26, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 38% over the past three years.
お知らせ • Mar 13Gerdau S.A., Annual General Meeting, Apr 10, 2025Gerdau S.A., Annual General Meeting, Apr 10, 2025.
New Risk • Mar 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.6% 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: 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 (4.6% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin).
Buy Or Sell Opportunity • Mar 05Now 22% overvaluedOver the last 90 days, the stock has fallen 18% to €2.70. The fair value is estimated to be €2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Declared Dividend • Feb 26Fourth quarter dividend of R$0.10 announcedShareholders will receive a dividend of R$0.10. Ex-date: 6th March 2025 Payment date: 14th March 2025 Dividend yield will be 8.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 20Full year 2024 earnings releasedFull year 2024 results: Revenue: R$67.0b (down 2.7% from FY 2023). Net income: R$4.57b (down 39% from FY 2023). Profit margin: 6.8% (down from 11% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.8% 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 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
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.
Board Change • Feb 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Member of Board of Auditors Elvira Baracuhy Presta was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Dec 13Now 21% undervaluedOver the last 90 days, the stock has risen 5.9% to €3.22. The fair value is estimated to be €4.07, 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 2.7% per annum over the same time period.
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
Buy Or Sell Opportunity • Nov 28Now 20% undervaluedOver the last 90 days, the stock has risen 8.1% to €3.22. The fair value is estimated to be €4.03, 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 4.9% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.
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.
Buy Or Sell Opportunity • Nov 12Now 21% undervaluedOver the last 90 days, the stock has risen 11% to €3.26. The fair value is estimated to be €4.12, 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 4.7% 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 06Third 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 2% 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 (4.8% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin).
Buy Or Sell Opportunity • Sep 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to €2.96. The fair value is estimated to be €3.72, 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 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to €2.96. The fair value is estimated to be €3.71, 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 4.3% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period.
New Risk • Aug 22New 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 Spanish stocks, typically moving 5.2% 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 Risk Share price has been highly volatile over the past 3 months (5.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.8% net profit margin).
Reported Earnings • Aug 01Second 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 3.6% 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 9% 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 04First 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 • Mar 14Now 24% overvaluedOver the last 90 days, the stock has fallen 7.3% to €4.06. The fair value is estimated to be €3.28, 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 • Feb 27Now 23% overvaluedOver the last 90 days, the stock has fallen 4.8% to €4.00. The fair value is estimated to be €3.25, 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 Spanish dividend payers (6.2%). 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 9.2%, 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 only increased by 3% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jan 25Now 22% overvaluedOver the last 90 days, the stock has fallen 1.9% to €4.10. The fair value is estimated to be €3.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to decline by 0.02% per annum. Earnings are also forecast to decline by 29% per annum over the same time period.
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 Spanish dividend payers (6.0%). 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 12% per year, which means it is significantly lagging earnings growth.
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 Spanish dividend payers (6.0%). 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 Risk 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). Share price has been volatile over the past 3 months (4.9% average weekly change). 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 22% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 05First 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 1.2% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €4.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 189% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.88 per share.
Upcoming Dividend • Mar 09Upcoming 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 Spanish dividend payers (6.0%). Higher than average of industry peers (8.2%).
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 21% 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.
Upcoming Dividend • Nov 16Upcoming dividend of R$2.15 per shareEligible shareholders must have bought the stock before 22 November 2022. Payment date: 14 December 2022. Payout ratio is a comfortable 2.5% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Spanish dividend payers (6.2%). Higher than average of industry peers (8.8%).
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.
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 Spanish dividend payers (5.9%). Higher than average of industry peers (9.5%).
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.86, 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 75% 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 Spanish dividend payers (5.8%). Higher than average of industry peers (8.3%).
Reported Earnings • May 06First 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 7.5% compared to a 33% growth forecast for the industry in Spain. 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 20% 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 03Investor sentiment improved over the past weekAfter last week's 20% share price gain to €5.00, 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 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.86 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 Spanish dividend payers (5.7%). Higher than average of industry peers (8.7%).
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 Spain. 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 5% per year, which means it is significantly lagging earnings growth.
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 Spanish dividend payers (5.4%). 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 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €3.82, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.81 per share.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to R$4.42, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.32 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%. Lower than top quartile of Spanish dividend payers (4.9%). 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 12% per year, which means it is significantly lagging earnings growth.
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 Spain.
Is New 90 Day High Low • Jan 04New 90-day high: €4.00The company is up 19% from its price of €3.36 on 06 October 2020. The Spanish market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.72 per share.
Is New 90 Day High Low • Dec 18New 90-day high: €3.88The company is up 14% from its price of €3.40 on 18 September 2020. The Spanish market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.66 per share.
Is New 90 Day High Low • Nov 24New 90-day high: €3.54The company is up 20% from its price of €2.96 on 26 August 2020. The Spanish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.37 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 Spain.
