Gerdau Management
Management criteria checks 1/4
Gerdau's CEO is Gustavo Da Cunha, appointed in Jan 2018, has a tenure of 8.5 years. directly owns 0.008% of the company’s shares, worth R$3.84M. The average tenure of the management team and the board of directors is 1.5 years and 4.1 years respectively.
Key information
Gustavo Da Cunha
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 8.5yrs |
| CEO ownership | 0.008% |
| Management average tenure | 1.5yrs |
| Board average tenure | 4.1yrs |
Recent management updates
Recent updates
Narrative Update • Jul 17
GGBR4: Recent Rating Upgrades Support Higher Future Earnings Multiple
Gerdau's updated analyst price target has edged higher to about R$27, supported by recent target increases and rating upgrades from analysts who highlight adjustments in fair value, discount rate assumptions, revenue growth expectations, profit margins, and forward P/E inputs. Analyst Commentary Recent research on Gerdau gives you a mixed but generally constructive picture, with several bullish analysts adjusting price targets and ratings while still leaving room for execution risks and valuation questions.
Narrative Update • Jul 03
GGBR4: Buyback, Dividends And Margin Execution Will Shape Future Returns
Analysts have raised their fair value estimate for Gerdau to R$22.0 from R$21.0, citing recent price target increases from firms such as JPMorgan and UBS, along with updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent research on Gerdau highlights a mix of optimism around the stock and caution about execution risks, valuation assumptions, and future growth potential.Narrative Update • Jun 19
GGBR4: Recent Upgrades And Buybacks Will Support Higher Future P/E
The latest Narrative Update on Gerdau reflects a higher analyst price target, with fair value moving from R$24.64 to R$25.80 as analysts factor in updated assumptions around revenue growth, profit margins and future P/E expectations following several recent upgrades and target increases from major firms. Analyst Commentary Recent research on Gerdau highlights a cluster of target increases and upgrades that help explain why fair value assumptions have been revised.
Narrative Update • Jun 04
GGBR4: Share Repurchases And Higher Margins Will Support Future Upside
Gerdau's analyst price target has been nudged higher to R$30.00, with analysts pointing to slightly updated assumptions on discount rates, revenue growth, profit margins and future P/E to support the change and recent target increases and upgrades from several firms. Analyst Commentary Recent Street research has leaned more constructive on Gerdau, with several bullish analysts adjusting their views in a way that supports the higher R$30.00 price target.Narrative Update • May 13
GGBR4: Share Repurchases And Higher Margin Assumptions Will Support Future Upside
Analysts have nudged their price target for Gerdau higher to R$29.95 from R$29.52, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, following a series of recent upgrades and target increases across the Street. Analyst Commentary Recent Street research has leaned more constructive on Gerdau, with several bullish analysts adjusting their views and price targets in quick succession.Narrative Update • Apr 28
GGBR4: Share Buybacks And Higher P/E Framework Will Support Future Upside
Analysts have inched their average price target on Gerdau higher to about R$24.64 from roughly R$24.57, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E. These changes reflect the latest rounds of target increases and rating changes across the Street.Narrative Update • Apr 14
GGBR4: Share Buybacks And Refined Margin Assumptions Will Support Future Upside
Gerdau's updated R$29.52 analyst price target edges slightly below the prior R$29.66, with analysts citing refined assumptions for discount rate, revenue growth, profit margin and future P/E following a mix of recent upgrades and downgrades across major firms. Analyst Commentary Recent Street research around Gerdau shows a mix of upgrades, downgrades and price target tweaks, with several bullish analysts focusing on refined expectations for execution and earnings power rather than wholesale changes to the underlying story.Narrative Update • Mar 31
GGBR4: Buyback Plan And Firmer Margins Will Likely Unlock Upside
Analysts raised the fair value estimate for Gerdau to R$21.00 from R$20.00, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E that reflect the latest mix of upgrades and downgrades in recent research. Analyst Commentary Recent Street research on Gerdau presents a mixed picture, with some firms turning more constructive while others are taking a step back and reassessing risk.Narrative Update • Mar 17
GGBR4: Share Buybacks Will Shape More Optimistic Future Earnings Profile
Analysts have trimmed their stance on Gerdau and now see fair value at about R$24.57 per share, a change of roughly R$0.44. This reflects expectations for lower revenue growth, a higher profit margin and a lower future P/E multiple.Narrative Update • Mar 03
GGBR4: Share Buybacks And Higher Margins Will Support Future Upside Potential
Analysts have made only a slight upward adjustment to their R$ price target for Gerdau, reflecting more cautious views following recent downgrades that point to tempered expectations, despite updated assumptions for profit margins and future P/E levels. Analyst Commentary Recent research has turned more cautious on Gerdau, with downgrades reflecting a preference to wait for clearer visibility on earnings and valuation.Narrative Update • Feb 17
GGBR4: Share Buybacks And Higher Future P/E Will Support Upside Potential
Analysts have nudged their price target on Gerdau to R$29.60 from R$27.96, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple, even as some recent research, such as BTG Pactual turning more cautious, reflects a more mixed stance on the shares. Analyst Commentary Bullish Takeaways Bullish analysts highlight the updated price target of R$29.60 as a sign that they see room for the shares to better reflect their assumptions on revenue, margins and a higher future P/E multiple.Narrative Update • Feb 03
GGBR4: Share Buybacks And Refined Earnings Assumptions Will Shape Balanced Outlook
Analysts now set their fair value estimate for Gerdau at US$24.13 per share, up from US$23.08. This reflects updated views on discount rates, long term profit margins and future P/E assumptions, even as some recent research has turned more cautious on the stock.Narrative Update • Jan 20
GGBR4: Share Cancellations And Rich P/E Will Likely Restrain Returns
Analysts have lifted their price target on Gerdau from US$17.00 to US$20.00, citing revised assumptions around revenue growth, profit margins, the discount rate, and the future P/E they apply to the shares. What's in the News Between July 1, 2025 and September 30, 2025, Gerdau repurchased 293,000 shares for BRL 4.59 million under its buyback program announced on January 20, 2025, bringing total repurchases under the program to 1,033,500 shares for BRL 16.17 million (company filing).Narrative Update • Jan 05
GGBR4: Share Cancellations And Dividend Payout Will Support Bullish Outlook
Analysts have nudged their price target for Gerdau higher from US$22.61 to about US$23.08, reflecting updated views that factor in slightly adjusted forecasts for discount rate, revenue growth, profit margins, and future P/E assumptions. What's in the News From October 1, 2025 to December 19, 2025, Gerdau repurchased 466,500 shares for BRL 7.3 million, completing the 1,500,000 share buyback program announced on January 20, 2025 for a total of BRL 23.48 million (company filing).Narrative Update • Dec 14
GGBR4: Share Cancellations And Dividend Policy Will Support Future Upside Potential
Analysts have modestly trimmed their price target on Gerdau to approximately $27.96 from $28.00, citing a combination of slower expected revenue growth, a slightly higher discount rate, and improved profit margin and future valuation assumptions. What's in the News A board meeting is scheduled for October 30, 2025, to evaluate the cancellation of 283,900 common shares (GGBR3) and 12,650,000 preferred shares (GGBR4) without reducing capital stock (company filing).Narrative Update • Nov 25
GGBR4: Upcoming Dividend Payment and Share Buybacks Will Drive Market Optimism
Analysts have raised Gerdau's fair value estimate from $22.19 to $22.61, citing recent adjustments to growth and profitability expectations as key factors in the revised price target. What's in the News The Board of Directors approved the cancellation of 283,900 common shares (GGBR3) and 12,650,000 preferred shares (GGBR4) with no reduction in capital stock (Key Developments).
New Narrative • Nov 30
Strategic Shifts And Efficiency Enhancements Set The Stage For Growth Amid Global Challenges
Cost reduction efforts and a strategic product mix are set to improve margins and efficiency, enhancing Gerdau's financial performance.CEO
Gustavo Da Cunha (53 yo)
8.5yrs
Tenure
Mr. Gustavo Werneck Da Cunha has been the Chief Executive Officer at Gerdau S.A. since January 1, 2018 and serves as its Director since April 17, 2019. He is a Member of Board Of Executive Officers at Gerd...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Board of Executive Officers | 8.5yrs | no data | 0.0084% R$ 3.8m | |
| Independent Vice Chairman of the Board | 18.3yrs | no data | 0.0044% R$ 2.0m | |
| Executive VP of Strategy | no data | no data | 0% R$ 0 | |
| Vice President of Board of Executive Officers & Executive VP | less than a year | no data | 0.0069% R$ 3.1m | |
| Member of Board of Executive Officers | 4.5yrs | no data | 0.0049% R$ 2.3m | |
| Member of Board of Executive Officers & Commercial Officer of Gerdau Steel Brasil | no data | no data | 0% R$ 0 | |
| Member of Board of Executive Officers and Director of Mining & Raw Materials | no data | no data | 0.0064% R$ 2.9m | |
| Member of Board of Executive Officers | 1.5yrs | no data | 0.00080% R$ 365.9k | |
| Member of Board of Executive Officers & Executive VP | 1.5yrs | no data | 0.0011% R$ 525.9k | |
| Member of Board of Executive Officers | less than a year | no data | no data | |
| Accounting Director | no data | no data | 0% R$ 0 | |
| Legal Director | no data | no data | no data |
1.5yrs
Average Tenure
53yo
Average Age
Experienced Management: GGBR4's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Board of Executive Officers | 7.3yrs | no data | 0.0084% R$ 3.8m | |
| Independent Vice Chairman of the Board | 18.3yrs | no data | 0.0044% R$ 2.0m | |
| Chairman of the Board | 18.5yrs | no data | 0.018% R$ 8.1m | |
| Independent Director | 4.1yrs | no data | 0.00027% R$ 123.5k | |
| Vice Chairman of the Board | no data | no data | no data | |
| Member of Fiscal Council | less than a year | no data | no data | |
| Member of Fiscal Council | less than a year | no data | no data | |
| Independent Director | 7.3yrs | no data | 0.0011% R$ 489.3k | |
| Member of Fiscal Council | 1.3yrs | no data | no data | |
| Member of Fiscal Council | less than a year | no data | no data |
4.1yrs
Average Tenure
58.5yo
Average Age
Experienced Board: GGBR4's board of directors are considered experienced (4.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/28 01:25 |
| End of Day Share Price | 2026/07/27 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Gerdau S.A. is covered by 22 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Leonardo Correa | Barclays |
| Mary Cleia da Silva | BB Banco de Investimento S.A. |
| Caio Ribeiro | BofA Global Research |