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B3 · BRL

GOAU3

Metalurgica Gerdau S.A.

R$10.13+2.63% (R$0.26)
Day's range
R$9.82 – R$10.15
Day's volume
R$158k
52-week range
R$6.23 – R$10.51

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See how GOAU3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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GOAU3 in numbers

Market cap
R$14.3bn
P/E
16.86
P/B
0.70
Dividend yield (12m)
4.24%
Net debt/EBITDA
1.43

The 12-month dividend yield of GOAU3 is 4.24%, below its 5-year average of 14.73%.

GOAU3 price history

01/10/202501/10/2026
Compare with

GOAU3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+26.96%+59.93%+88.28%
Volatility (annualised)28.92%24.24%28.42%
Largest drawdown-11.99%-23.58%-24.74%
Positive months5/1218/3631/60

How much did investing in GOAU3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,886.51 today.

Value today in GOAU3
R$1,886.51
Return over the period
+88.65%
Return per year
+13.54%
In the Ibovespa
R$1,808.65

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

GOAU3 fundamentals

Valuation

  • P/E
    16.86
  • P/B
    0.70
  • EV/EBITDA
    3.07
  • EV/EBIT
    5.33
  • EV/Revenue
    0.39
  • P/EBIT
    2.84
  • P/S
    0.21
  • P/OCF
    1.57
  • P/FCF
    4.03
  • Earnings yield
    18.76%
  • PEG ratio
    —
  • Earnings per share
    R$0.60
  • Book value per share
    R$14.54

Debt

  • Net debt
    R$12.5bn
  • Net debt/EBITDA
    1.43
  • Net debt/Equity
    0.23
  • Debt/Equity
    0.33
  • Current ratio
    2.88
  • Quick ratio
    1.31
  • Cash ratio
    0.53

Efficiency

  • Gross margin
    13.10%
  • EBITDA margin
    12.54%
  • Operating margin
    7.22%
  • Net margin
    3.27%
  • Asset turnover
    0.85

Profitability

  • ROE
    4.13%
  • ROA
    2.77%
  • ROIC
    4.49%
  • Payout
    71.59%

Growth

  • Revenue CAGR (5 years)
    2.55%
  • Earnings CAGR (5 years)
    -24.08%
  • Revenue growth (year)
    4.22%
  • Earnings growth (year)
    -69.16%
  • Revenue growth (quarter)
    0.64%
  • Earnings growth (quarter)
    -29.40%

What is GOAU3's fair price?

Two classic value formulas, with today's numbers. The current price is R$10.13.

Graham's fair price
R$14.02
38.39% above the price

√(22.50 × R$0.60 × R$14.54)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$20.33
100.72% above the price

R$1.22 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

GOAU3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E32.366.554.473.332.2812.2622.129.12
P/B0.290.170.230.260.260.330.350.29
EV/EBITDA3.721.811.290.980.892.884.203.60
Dividend yield4.58%5.89%19.13%13.81%30.23%1.22%2.31%4.88%
Earnings per shareR$0.36R$1.55R$2.48R$3.62R$4.66R$0.80R$0.39R$0.81
Book value per shareR$40.65R$58.62R$48.00R$45.74R$40.12R$30.01R$25.04R$25.71
ROE0.88%2.65%5.16%7.92%11.61%2.68%1.56%3.15%
ROIC3.17%9.34%15.06%23.24%30.33%8.06%5.76%10.22%
Gross margin11.41%13.73%16.44%22.75%26.57%13.54%10.60%13.32%
EBITDA margin10.61%15.82%19.65%24.98%30.00%17.41%13.24%12.81%
Net margin0.68%2.30%3.72%4.54%6.46%1.99%1.07%1.73%
Net debt/EBITDA1.640.860.450.370.401.482.412.37

GOAU3 financial statements

Line202520242023202220212020
Net revenueR$69.9bnR$67bnR$68.9bnR$82.4bnR$78.3bnR$43.8bn
Cost of sales-R$61.9bn-R$57.8bn-R$57.6bn-R$63.7bn-R$57.5bn-R$37.9bn
Gross profitR$8bnR$9.2bnR$11.3bnR$18.8bnR$20.8bnR$5.9bn
EBITDAR$7.4bnR$10.6bnR$13.5bnR$20.6bnR$23.5bnR$7.6bn
EBITR$3.7bnR$7.5bnR$10.4bnR$17.7bnR$21bnR$5.2bn
Net finance result-R$1.2bn-R$2bn-R$988.2m-R$1.8bn-R$693.3m-R$1.7bn
Profit before taxR$2.5bnR$5.5bnR$9.4bnR$15.9bnR$20.3bnR$3.5bn
Income tax-R$1.1bn-R$867.9m-R$1.8bn-R$4.4bn-R$4.7bn-R$1.1bn
Net incomeR$476.5mR$1.5bnR$2.6bnR$3.7bnR$5.1bnR$873m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

GOAU3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
GOAU3Metalurgica Gerdau16.860.704.24%4.13%R$14.3bn
VALE3VALE S.A.29.751.578.08%5.27%R$308.4bn
GGBR4GERDAU S.A.21.950.923.18%4.18%R$46.5bn
GGBR3GERDAU S.A.18.820.793.71%4.18%R$46.6bn
CMIN3CSN MINERAÇÃO S.A.11.533.667.79%31.79%R$26.9bn
KLBN4KLABIN S.A.126.292.366.55%1.86%R$22.7bn
KLBN3KLABIN S.A.131.232.456.31%1.86%R$22.7bn

Does GOAU3 pay dividends?

Dividend yield per year

  • 0.52%2017
  • 4.88%2018
  • 2.31%2019
  • 1.22%2020
  • 30.23%2021
  • 13.81%2022
  • 19.13%2023
  • 5.89%2024
  • 4.58%2025
  • 2.37%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend19/08/202614/09/2026R$0.11
Dividend13/05/202610/06/2026R$0.08
Dividend10/03/202619/03/2026R$0.05
Dividend10/11/202512/12/2025R$0.19
Dividend11/08/202519/08/2025R$0.08
Dividend08/05/202520/05/2025R$0.08
Dividend05/03/202517/03/2025R$0.05
Dividend18/11/202417/12/2024R$0.13
Dividend09/08/202421/08/2024R$0.08
Dividend15/05/202428/05/2024R$0.19
Dividend01/03/202413/03/2024R$0.05
Dividend17/11/202314/12/2023R$0.93
See all 108 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend18/08/202330/08/2023R$0.26
Interest on equity15/05/202330/05/2023R$0.25
Dividend15/05/202330/05/2023R$0.05
Dividend14/03/202324/03/2023R$0.10
Dividend21/11/202215/12/2022R$0.27
Interest on equity21/11/202215/12/2022R$0.23
Dividend15/08/202226/08/2022R$0.36
Dividend16/05/202226/05/2022R$0.09
Interest on equity16/05/202226/05/2022R$0.20
Dividend07/03/202217/03/2022R$0.10
Interest on equity05/11/202117/11/2021R$0.11
Dividend05/11/202117/11/2021R$1.44
Dividend27/09/202117/11/2021R$0.08
Interest on equity27/09/202117/11/2021R$0.12
Dividend16/08/202127/08/2021R$0.28
Dividend14/05/202127/05/2021R$0.21
Interest on equity11/03/202126/03/2021R$0.08
Interest on equity21/12/202026/03/2021R$0.09
Dividend06/11/202019/11/2020R$0.07
Dividend28/02/202012/03/2020R$0.02
Dividend11/11/201926/11/2019R$0.02
Dividend16/08/201929/08/2019R$0.04
Dividend17/05/201930/05/2019R$0.04
Dividend06/03/201918/03/2019R$0.05
Dividend21/11/201803/12/2018R$0.09
Interest on equity21/08/201831/08/2018R$0.07
Dividend21/08/201831/08/2018R$0.07
Dividend21/05/201801/06/2018R$0.04
Dividend21/11/201701/12/2017R$0.02
Dividend24/08/201504/09/2015R$0.02
Dividend21/05/201502/06/2015R$0.02
Dividend16/03/201526/03/2015R$0.07
Dividend17/11/201427/11/2014R$0.04
Dividend11/08/201421/08/2014R$0.07
Interest on equity21/05/201430/05/2014R$0.11
Dividend05/03/201417/03/2014R$0.08
Interest on equity11/11/201322/11/2013R$0.16
Interest on equity12/08/201321/08/2013R$0.11
Dividend17/05/201329/05/2013R$0.02
Dividend04/03/201314/03/2013R$0.02
Interest on equity12/11/201223/11/2012R$0.09
Dividend13/08/201223/08/2012R$0.13
Dividend11/05/201223/05/2012R$0.08
Dividend27/02/201208/03/2012R$0.11
Dividend21/11/201130/11/2011R$0.19
Interest on equity15/08/201125/08/2011R$0.15
Dividend19/05/201127/05/2011R$0.10
Dividend14/03/201124/03/2011R$0.09
Interest on equity16/11/201026/11/2010R$0.18
Dividend16/08/201026/08/2010R$0.22
Interest on equity17/05/201017/05/2010R$0.16
Interest on equity28/12/200912/03/2010R$0.26
Interest on equity16/11/200926/11/2009R$0.17
Dividend02/03/200912/03/2009R$0.10
Dividend14/11/200826/11/2008R$0.26
Dividend15/08/200827/08/2008R$0.60
Interest on equity21/05/200803/06/2008R$0.64
Dividend22/02/200805/03/2008R$0.49
Interest on equity21/11/200730/11/2007R$0.56
Dividend17/08/200729/08/2007R$0.49
Interest on equity14/05/200724/05/2007R$0.56
Dividend21/02/200706/03/2007R$0.60
Interest on equity21/11/200630/11/2006R$0.60
Dividend14/08/200624/08/2006R$0.54
Interest on equity15/05/200625/05/2006R$0.52
Dividend17/02/200602/03/2006R$0.69
Dividend18/11/200530/11/2005R$0.75
Dividend15/08/200524/08/2005R$0.79
Dividend13/05/200524/05/2005R$0.72
Dividend11/02/200522/02/2005R$1.92
Dividend03/11/200417/11/2004R$0.91
Interest on equity13/08/200417/11/2004R$0.80
Dividend30/06/200417/08/2004R$0.46
Interest on equity30/06/200417/08/2004R$0.62
Interest on equity30/03/200418/05/2004R$1.10
Interest on equity30/12/200317/02/2004R$1.94
Interest on equity13/10/200318/11/2003R$0.82
Interest on equity10/07/200314/08/2003R$0.56
Interest on equity31/03/200315/05/2003R$1.65
Interest on equity30/12/200218/02/2003R$4.04
Dividend30/12/200218/02/2003R$0.96
Interest on equity28/06/200215/08/2002R$1.73
Dividend30/04/200204/06/2002R$2.10
Interest on equity28/12/200119/02/2002R$2.49
Interest on equity23/07/200115/08/2001R$0.95
Interest on equity28/12/200015/02/2001R$1.65
Interest on equity26/06/200015/08/2000R$0.90
Interest on equity27/12/199929/02/2000R$2.71
Interest on equity22/07/1999—R$2.15
Interest on equity28/12/1998—R$1.60
Interest on equity29/06/1998—R$1.48
Interest on equity30/12/1997—R$1.12
Dividend06/08/1997—R$1.01
Dividend25/02/1997—R$1.18
Dividend05/08/1996—R$0.42
Dividend14/02/1996—R$1.51
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares18/12/202533.30% in shares
Split13/06/20082 for 1
Bonus shares12/04/200650.00% in shares
Bonus shares11/04/200550.00% in shares
Split30/04/200417 for 10
Share consolidation30/04/20031 for 1000
Split05/02/20032 for 1
Share consolidation07/02/20001 for 4

About Metalurgica Gerdau

Sector
Materiais Básicos
Segment
Siderurgia
Listing segment
Level 1
Tag along
80.00%
Free float
71.86%
Shares issued
486.8m ordinary · 835.89m preferred
Average daily trading
R$429.7k
Listed since
17/05/1968
CNPJ
92.690.783/0001-09

A Metalúrgica Gerdau S.A., listada na B3 sob GOAU3 e GOAU4, atua como holding de participações vinculada ao grupo Gerdau, com exposição econômica relevante ao setor siderúrgico por meio de sua posição acionária. Diferentemente de uma operadora industrial direta em todas as linhas, o papel societário da companhia envolve governança de investimentos, alocação de capital e captura de resultados de empresas controladas e coligadas ligadas à produção e transformação de aço. Na prática, o desempenho financeiro de GOAU costuma acompanhar a dinâmica operacional e de mercado da Gerdau, incluindo ciclo de demanda de aço, margens industriais e condições macroeconômicas dos países onde o grupo atua. A companhia mantém obrigações de divulgação e governança de emissor listado, com foco em retorno para acionistas via resultado recorrente, política de dividendos e disciplina financeira associada ao portfólio de participações no complexo siderúrgico.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
INDAC - INVESTIMENTOS E PARTICIPAÇÕES S.A.Controlling43.29%0.00%15.93%
Grupo Gerdau Empreendimentos LtdaControlling31.80%0.00%11.70%
Dynamo Administração de Recursos Ltda.0.00%10.17%6.43%
FMR LLC0.00%10.03%6.34%
BONSUCEX HOLDING S.A.12.45%1.75%5.69%
SPX Gestão de Recursos Ltda.0.00%5.08%3.21%
Outros12.46%72.98%50.71%
Ações Tesouraria0.00%0.00%0.00%

Questions about GOAU3

How much is GOAU3 today?

GOAU3 is at R$10.13 (2.63% on the day), last traded on 01/10/2026.

How much did GOAU3 pay in dividends in 2025?

GOAU3 paid R$0.40 per share in 2025, a dividend yield of 4.58%.

What are the P/E and P/B of GOAU3?

GOAU3 trades at a P/E of 16.86 and a P/B of 0.70.

How much did GOAU3 return in 12 months?

GOAU3 returned 26.96% in 12 months, with annualised volatility of 28.92% and a largest drawdown of -11.99%.

What sector is GOAU3 in?

Metalurgica Gerdau is in the Materiais Básicos sector, Siderurgia segment.