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Earnings transcript
Read the complete earnings call transcript.
GGB
GGB
Gerdau S.A.
$4.56
-0.01
(-0.22%)
| Exchange: | NYSE |
| Market Cap: | 9.07B |
| Shares Outstanding: | 1.394B |
Delayed data
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Steel | |||||
| CEO: | Gustavo Werneck Da Cunha | |||||
| Full Time Employees: | 30000 | |||||
| Address: |
| |||||
| Website: | https://www2.gerdau.com |
Gerdau S.A. is a Brazilian steel producer and service provider, operating globally across various segments: Brazil, North America, South America, and a dedicated Special Steel division. The company’s extensive product portfolio ranges from foundational semi-finished goods like billets, blooms, and slabs, to a wide array of long rolled products such as rebars, wire rods, and merchant bars, primarily serving the construction and manufacturing sectors. They also produce finished industrial steel items, agricultural wires and stakes, and diverse drawn products including fencing, galvanized wires, and concrete reinforcement meshes. Beyond standard steel, Gerdau specializes in high-performance steel for critical applications in automotive, heavy machinery, agricultural equipment, oil and gas, wind energy, mining, and rail industries. Their offerings extend to flat steel products, specifically hot rolled coils and heavy plates, which they produce and resell. An integrated part of their operation involves iron ore mining and production. Gerdau distributes its products through a multi-channel approach, utilizing independent distributors, direct mill sales, and its own retail outlets. Established in 1901, the company is headquartered in Sao Paulo, Brazil.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 68,916,447 | 67,026,656 | 69,858,532 |
| Gross Profit | 11,332,455 | 9,203,240 | 7,967,493 |
| EBITDA | 13,233,886 | 9,386,895 | 7,565,180 |
| Operating Income | 9,625,121 | 6,413,995 | 5,607,950 |
| Net Income | 7,501,565 | 4,566,317 | 1,387,020 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 74,885,144 | 86,814,493 | 81,688,175 |
| Total Liabilities | 25,646,281 | 28,640,707 | 27,889,686 |
| Total Stockholders Equity | 49,058,959 | 57,948,759 | 53,585,393 |
| Total Debt | 12,195,902 | 14,917,153 | 15,571,312 |
| Cash and Cash Equivalents | 3,005,645 | 7,767,813 | 5,929,170 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 11,138,710 | 11,381,243 | 7,987,454 |
| Capital Expenditure | -5,336,323 | -5,946,417 | -6,681,620 |
| Free Cash Flow | 5,802,387 | 5,434,826 | 1,305,833.999 |
| Net Income | 7,501,565 | 4,599,062 | 1,387,020 |
| Net Change in Cash | 529,782 | 4,762,168 | -1,838,643 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 88,554,095.348 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 91,595,187.219 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 90,189,009.931 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 17,454,273.497 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 18,053,681.678 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 17,776,519.985 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,623,715.095 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,713,817.745 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,672,154.979 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 0 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: Gerdau reported an adjusted EBITDA of BRL 10.8 billion for 2024, as highlighted in the Q4 2024 earnings call, reflecting strong operational efficiency and profitability despite market challenges. Key metrics such as gross profit margin and net profit margin (TTM) indicate robust cost management and revenue generation.
- Strong Cash Flow Generation: Positive free cash flow (TTM) and consistent net cash provided by operating activities, as per cash flow statements, demonstrate Gerdau’s ability to fund operations and investments internally, reducing reliance on external financing.
- Strategic Capital Expenditure: The company’s focus on strategic investments, as mentioned in the earnings call, including innovation and capacity expansion, positions Gerdau to maintain competitiveness and adapt to industry trends.
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Intrinsic Value Calculator
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Common questions about GGB valuation
Is Gerdau S.A. (GGB) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Gerdau S.A. (GGB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GGB a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GGB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GGB’s P/E ratio?
You can see GGB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GGB?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GGB a good long-term investment?
Whether GGB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GGB
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Daily snapshot
-0.22
Trading Metrics:
| Open: | 4.64 | Previous Close: | 4.57 | |
| Day Low: | 4.42 | Day High: | 4.64 | |
| Year Low: | 2.8 | Year High: | 4.98 | |
| Price Avg 50: | 4.41 | Price Avg 200: | 3.8 | |
| Volume: | 16.148M | Average Volume: | 19.388M |
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Login — it's freeGGB full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Gerdau S.A., ticker symbol GGB, a major player in the steel industry. If you’re looking to understand whether this stock deserves a spot in your portfolio, stick around because we’re covering everything from financials to recent performance and even intrinsic value. Let’s get started! So, what’s the big picture with Gerdau? This is a company that’s been around for over a century, based out…
