GERDAU S.A.

GGBR4
End-of-day quote. End-of-day quote  - 07/26
31.8BRL +3.45%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 39 20851 553
Entreprise Value (EV)1 49 06558 099
P/E ratio 17,7x5,19x
Yield 1,72%4,68%
Capitalization / Revenue 0,89x0,76x
EV / Revenue 1,12x0,86x
EV / EBITDA 6,38x3,36x
Price to Book 1,36x1,36x
Nbr of stocks (in thousands) 1 701 1611 705 338
Reference price (BRL) 24,531,8
Announcement Date 02/24/2021-
Previous period Next period
1 BRL in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 43 81567 885
EBITDA1 7 69017 301
Operating profit (EBIT)1 5 19414 525
Operating Margin 11,9%21,4%
Pre-Tax Profit (EBT)1 3 49613 312
Net income1 2 38810 131
Net margin 5,45%14,9%
EPS2 1,386,13
Dividend per Share2 0,421,49
Announcement Date 02/24/2021-
Previous period Next period
1 BRL in Million
2 BRL
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 9 8576 546
Net Cash position1 --
Leverage (Debt / EBITDA) 1,28x0,38x
Free Cash Flow1 4 7578 817
ROE (Net Profit / Equities) 8,33%28,2%
Shareholders' equity1 28 66835 936
ROA (Net Profit / Asset) 4,08%16,8%
Assets1 58 56260 481
Book Value Per Share2 18,023,4
Cash Flow per Share2 3,706,39
Capex1 1 6513 245
Capex / Sales 3,77%4,78%
Announcement Date 02/24/2021-
Previous period Next period
1 BRL in Million
2 BRL
Financial Ratios
Size 2021e 2022e
Capitalization 51 553 M BRL -
Entreprise Value (EV) 58 099 M BRL 54 638 M BRL
Valuation 2021e 2022e
P/E ratio (Price / EPS) 5,19x 8,65x
Capitalization / Revenue 0,76x 0,83x
EV / Revenue 0,86x 0,93x
EV / EBITDA 3,36x 4,62x
Yield (DPS / Price) 4,68% 5,21%
Price to book (Price / BVPS) 1,36x 1,25x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 21,4% 15,3%
Operating Leverage (Delta EBIT / Delta Sales) 3,27x -4,20x
Net Margin (Net Profit / Revenue) 14,9% 9,73%
ROA (Net Profit / Asset) 16,8% 8,88%
ROE (Net Profit / Equities) 28,2% 15,2%
Rate of Dividend 24,3% 45,1%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   4,78% 4,42%
Cash Flow / Sales 16,1% 16,8%
Capital Intensity (Assets / Sales) 0,89x 1,10x
Financial Leverage (Net Debt / EBITDA) 0,38x 0,25x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend