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B3 · BRL

GOAU4

Metalurgica Gerdau SA Pfd

R$10.96+1.29% (R$0.14)
Day's range
R$10.74 – R$11.05
Day's volume
R$84.3m
52-week range
R$7.22 – R$11.78

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See how GOAU4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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GOAU4 in numbers

Market cap
R$13.9bn
P/E
18.25
P/B
0.75
Dividend yield (12m)
3.92%
Net debt/EBITDA
1.43

The 12-month dividend yield of GOAU4 is 3.92%, below its 5-year average of 14.18%.

GOAU4 price history

01/10/202501/10/2026
Compare with

GOAU4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+62.50%+60.32%+96.08%
Volatility (annualised)33.16%25.64%30.85%
Largest drawdown-12.97%-26.21%-30.29%
Positive months7/1220/3633/60

How much did investing in GOAU4 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,916.97 today.

Value today in GOAU4
R$1,916.97
Return over the period
+91.70%
Return per year
+13.90%
In the Ibovespa
R$1,797.60

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

GOAU4 fundamentals

Valuation

  • P/E
    18.25
  • P/B
    0.75
  • EV/EBITDA
    3.03
  • EV/EBIT
    5.26
  • EV/Revenue
    0.38
  • P/EBIT
    2.78
  • P/S
    0.20
  • P/OCF
    1.53
  • P/FCF
    3.94
  • Earnings yield
    19.00%
  • 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 GOAU4's fair price?

Two classic value formulas, with today's numbers. The current price is R$10.96.

Graham's fair price
R$14.02
27.91% 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
85.52% 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.

GOAU4 indicators by year

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

Indicator20252024202320222021202020192018
P/E33.376.594.383.582.4414.0223.748.57
P/B0.300.170.230.280.280.380.370.27
EV/EBITDA3.791.821.281.020.933.094.343.52
Dividend yield4.44%5.85%19.52%12.85%28.24%1.07%2.16%5.19%
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

GOAU4 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.

GOAU4 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
GOAU4Metalurgica Gerdau18.250.753.92%4.13%R$13.9bn
VALE3VALE S.A.29.931.588.03%5.27%R$310.3bn
GGBR4GERDAU S.A.21.460.903.26%4.18%R$45.4bn
GGBR3GERDAU S.A.18.250.763.83%4.18%R$45.4bn
CMIN3CSN MINERAÇÃO S.A.11.663.717.70%31.79%R$27.2bn
KLBN4KLABIN S.A.127.002.376.52%1.86%R$22.8bn
KLBN3KLABIN S.A.132.292.476.25%1.86%R$22.8bn

Does GOAU4 pay dividends?

Dividend yield per year

  • 0.46%2017
  • 5.19%2018
  • 2.16%2019
  • 1.07%2020
  • 28.24%2021
  • 12.85%2022
  • 19.52%2023
  • 5.85%2024
  • 4.44%2025
  • 2.19%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
Dividend15/05/202330/05/2023R$0.05
Interest on equity15/05/202330/05/2023R$0.25
Dividend14/03/202324/03/2023R$0.10
Interest on equity21/11/202215/12/2022R$0.23
Dividend21/11/202215/12/2022R$0.27
Dividend15/08/202226/08/2022R$0.36
Interest on equity16/05/202226/05/2022R$0.20
Dividend16/05/202226/05/2022R$0.09
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
Dividend21/08/201831/08/2018R$0.07
Interest on equity21/08/201831/08/2018R$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 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
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 equity11/11/2013—R$0.16
Interest on equity16/11/2010—R$0.18
Interest on equity14/05/2007—R$0.56
Dividend21/02/2007—R$0.60
Interest on equity21/11/2006—R$0.60
Dividend14/08/2006—R$0.54
Interest on equity15/05/2006—R$0.52
Dividend17/02/2006—R$0.69
Dividend18/11/2005—R$0.75
Dividend15/08/2005—R$0.79
Dividend13/05/2005—R$0.72
Dividend11/02/2005—R$1.92
Dividend03/11/2004—R$0.91
Interest on equity13/08/2004—R$0.80
Dividend30/06/2004—R$0.46
Interest on equity30/06/2004—R$0.62
Interest on equity30/03/2004—R$1.10
Interest on equity30/12/2003—R$1.94
Interest on equity13/10/2003—R$0.82
Interest on equity10/07/2003—R$0.56
Interest on equity31/03/2003—R$1.65
Interest on equity30/12/2002—R$4.04
Dividend30/12/2002—R$0.96
Interest on equity28/06/2002—R$1.73
Dividend30/04/2002—R$2.31
Interest on equity28/12/2001—R$2.74
Interest on equity23/07/2001—R$1.04
Interest on equity28/12/2000—R$1.82
Interest on equity26/06/2000—R$0.99
Interest on equity27/12/1999—R$2.98
Interest on equity22/07/1999—R$2.37
Interest on equity28/12/1998—R$1.76
Interest on equity29/06/1998—R$1.63
Interest on equity30/12/1997—R$1.23
Dividend06/08/1997—R$1.11
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
Split02/05/2000100 for 1

About Metalurgica Gerdau

Sector
Materiais Básicos
Segment
Siderurgia
Listing segment
Level 1
Tag along
Set by the bylaws
Free float
71.86%
Shares issued
486.8m ordinary · 835.89m preferred
Average daily trading
R$89.1m
Ibovespa weight
0.35%
Listed since
17/05/1968
CNPJ
92.690.783/0001-09

A Metalúrgica Gerdau S.A. é uma holding ligada ao grupo Gerdau, com exposição relevante ao negócio de siderurgia de aço longo nas Américas. No mercado brasileiro, os papéis GOAU4 representam participação societária na estrutura de controle e resultados do grupo industrial. A plataforma operacional associada inclui produção de aço para construção civil, indústria e agronegócio, com ativos no Brasil e no exterior. O modelo de negócio combina usinas, recicladoras e canais de distribuição, com parte expressiva da produção baseada em sucata ferrosa reciclada. A companhia está enquadrada em materiais básicos, no segmento de siderurgia, e negocia na B3 sob o ticker GOAU4. A base consolidada reportada de pessoal do grupo é de 27.371 empregados.

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 GOAU4

How much is GOAU4 today?

GOAU4 is at R$10.96 (1.29% on the day), last traded on 01/10/2026.

How much did GOAU4 pay in dividends in 2025?

GOAU4 paid R$0.40 per share in 2025, a dividend yield of 4.44%.

What are the P/E and P/B of GOAU4?

GOAU4 trades at a P/E of 18.25 and a P/B of 0.75.

How much did GOAU4 return in 12 months?

GOAU4 returned 62.50% in 12 months, with annualised volatility of 33.16% and a largest drawdown of -12.97%.

What sector is GOAU4 in?

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