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Gerdau USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Steel

COMM_GGB

Price chart

4.55 USDDay -0.22%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
4.55 USD · -0.22%
Market cap
9.0 bn USD

Growth

Δ revenue y/y
7.8%
Δ EBITDA y/y
35.6%

Multiples

P/E (LTM)
14.6x
P/B (FY)
P/E (ann.)
11.1x
EV/EBITDA (LTM)
4.6x
EV/EBITDA (ann.)
4.9x

Cash return

Dividend yield
1.7%
FCF yield (LTM)
-3.2%

Liquidity

Daily turnover (listing)
70 mln USD

Shares: yahoo_fundamentals_timeseries/GGB

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 14 / Warn: 1 / Err: 1 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1OK
2023-06-30 Q2OK
2023-09-30 Q3OK
2023-12-31 FYOK
2023-12-31 Q4OK
2024-03-31 Q1OK
2024-06-30 Q2OK
2024-09-30 Q3OK
2024-12-31 FYOK
2024-12-31 Q4Warn 1
2025-03-31 Q1OK
2025-06-30 Q2OK
2025-09-30 Q3OK
2025-12-31 FYOK
2025-12-31 Q4Errors 1Warn 1
2026-03-31 Q1OK
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)PARTIAL3.3
y/y 7.8%
y/y
y/y
0.5
y/y 35.6%
0.2
y/y 49.8%
0.3-0.2
y/y
y/y
1.6
2025-12-31FY 2025 (12M)PARTIAL9.4
y/y 20.2%
y/y
y/y
0.9
y/y -27.9%
0.1
y/y -88.9%
0.9-0.9
y/y
y/y
1.4
2025-09-30Q3 2025 (3M)PARTIAL3.3
y/y 10.8%
y/y
y/y
0.5
y/y -4.7%
0.2
y/y -14.0%
0.5-0.3
y/y
y/y
1.6
2025-06-30Q2 2025 (3M)PARTIAL3.1
y/y 6.2%
y/y
y/y
0.4
y/y 1.9%
0.2
y/y 0.4%
0.2-0.3
y/y
y/y
1.6
2025-03-31Q1 2025 (3M)PARTIAL3.1
y/y -2.4%
y/y
y/y
0.4
y/y -40.8%
0.1
y/y -66.4%
0.2-0.3
y/y
y/y
1.4
2024-12-31FY 2024 (12M)PARTIAL7.8
y/y -27.9%
y/y
y/y
1.2
y/y -43.9%
0.5
y/y -59.0%
0.8-0.7
y/y
y/y
0.9
2024-09-30Q3 2024 (3M)PARTIAL3.0
y/y -10.8%
y/y
y/y
0.5
y/y -19.5%
0.2
y/y -25.4%
1.0-0.3
y/y
y/y
0.6
2024-06-30Q2 2024 (3M)PARTIAL3.0
y/y -23.4%
y/y
y/y
0.4
y/y -44.7%
0.2
y/y -65.9%
0.3-0.2
y/y
y/y
1.1
2024-03-31Q1 2024 (3M)PARTIAL3.2
y/y -16.3%
y/y
y/y
0.7
y/y -32.3%
0.4
y/y -37.8%
0.2-0.2
y/y
y/y
1.0
2023-12-31FY 2023 (12M)PARTIAL10.9
y/y
y/y
y/y
2.2
y/y
1.2
y/y
1.8-0.8
y/y
y/y
1.1
2023-09-30Q3 2023 (3M)PARTIAL3.4
y/y
y/y
y/y
0.6
y/y
0.3
y/y
0.5-0.3
y/y
y/y
1.1
2023-06-30Q2 2023 (3M)PARTIAL3.9
y/y
y/y
y/y
0.8
y/y
0.5
y/y
0.7-0.3
y/y
y/y
1.4
2023-03-31Q1 2023 (3M)PARTIAL3.8
y/y
y/y
y/y
1.0
y/y
0.6
y/y
0.4-0.2
y/y
y/y
1.3
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01 0002 0003 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%-50%0%50%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

Net debt / cash ($ mln)

05001 0001 5002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — HRC (China)

Current 3 390spot vs LTM +2%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -56.7%

Main driver: HRC (China) +2% vs LTM; revenue ×1.02 vs costs ×1.06; EBITDA 1 499→1 849; at 3.0× EV/EBITDA → -57%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
HRC (China) (rev)+85%3 390.003 327.833 656.29+2%+10%
Iron and Steel Scrap (cost)-45%595.13543.96569.96+9%+5%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue12 997
LTM EBITDA1 499
LTM cash costs (revenue − EBITDA)11 498
2 · Revenue projection
Revenue multiplier — spot×1.016 (+2%)
= Spot revenue13 203
Revenue multiplier — 3y price×1.084 (+8%)
= 3-year-price revenue14 087
3 · Costs projection
Cost multiplier — spot×1.064 (+6%)
= Spot cash costs12 238
Cost multiplier — 3y price×1.044 (+4%)
= 3-year-price cash costs11 998
4 · EBITDA projection (revenue − costs)
= Spot EBITDA965
= 3-year-price EBITDA2 089
Conservative EBITDA = min(spot, avg)1 849
5 · Valuation → target market cap
Historical EV/projected-EBITDA (3-yr average)3.0x
Target EV = EV/EBITDA × conservative EBITDA5 545
Net debt1 643
Target market cap = EV − net debt3 902
Current market cap9 007

Upside = target market cap ÷ current − 1 = -56.7%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q23 8673 623+6.7%770668+15.2%
2023 Q33 3813 594-5.9%629798-21.2%
2023 Q43 2083 450-7.0%386662-41.6%
2024 Q13 1683 520-10.0%680552+23.2%
2024 Q22 9613 315-10.7%426547-22.2%
2024 Q33 0162 828+6.7%506204+148.2%
2024 Q41 7042 893-41.1%106348-69.6%
2025 Q13 0922 539+21.8%402249+61.7%
2025 Q23 1432 507+25.4%43481+434.4%
2025 Q33 3412 752+21.4%482384+25.6%
2025 Q43 1802 780+14.4%37300-87.8%
2026 Q13 3313 150+5.8%545240+127.7%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 5.3x · target 3-yr avg 3.1x · LTM avg 4.5x

EV/EBITDA (LTM)EV/EBITDA (projected)target avg (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-150.036 USDEx-dividend: 0.036 USD per sharePaidYahoo Finance (ex-div)
2026-03-120.019 USDEx-dividend: 0.019 USD per sharePaidYahoo Finance (ex-div)
2025-08-130.022 USDEx-dividend: 0.022 USD per sharePaidYahoo Finance (ex-div)
2025-05-120.021 USDEx-dividend: 0.021 USD per sharePaidYahoo Finance (ex-div)
2025-03-070.017 USDEx-dividend: 0.017 USD per sharePaidYahoo Finance (ex-div)
2024-11-210.049 USDEx-dividend: 0.049 USD per sharePaidYahoo Finance (ex-div)
2024-08-130.022 USDEx-dividend: 0.022 USD per sharePaidYahoo Finance (ex-div)
2024-05-170.054 USDEx-dividend: 0.054 USD per sharePaidYahoo Finance (ex-div)
2024-03-040.0167 USDEx-dividend: 0.0167 USD per sharePaidYahoo Finance (ex-div)
2023-11-200.08 USDEx-dividend: 0.08 USD per sharePaidYahoo Finance (ex-div)
2023-08-210.0733 USDEx-dividend: 0.0733 USD per sharePaidYahoo Finance (ex-div)
2023-05-160.0842 USDEx-dividend: 0.0842 USD per sharePaidYahoo Finance (ex-div)
2023-03-150.0302 USDEx-dividend: 0.0302 USD per sharePaidYahoo Finance (ex-div)
2022-11-220.3302 USDEx-dividend: 0.3302 USD per sharePaidYahoo Finance (ex-div)
2022-08-160.1087 USDEx-dividend: 0.1087 USD per sharePaidYahoo Finance (ex-div)
2022-05-170.0921 USDEx-dividend: 0.0921 USD per sharePaidYahoo Finance (ex-div)
2022-03-080.0317 USDEx-dividend: 0.0317 USD per sharePaidYahoo Finance (ex-div)
2021-11-080.231 USDEx-dividend: 0.231 USD per sharePaidYahoo Finance (ex-div)
2021-09-290.0571 USDEx-dividend: 0.0571 USD per sharePaidYahoo Finance (ex-div)
2021-08-170.0833 USDEx-dividend: 0.0833 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)