Analyst Ratings

Date	Action	Analyst	Rating	Target
Apr-29-26	Reiterated	UBS	Buy	$4.60 → $5.25
Dec-15-25	Reiterated	UBS	Buy	$4.60
Jun-09-25	Upgrade	UBS	Neutral → Buy
Sep-09-24	Reiterated	Bank of America Securities		$4.70 → $5.00
May-24-24	Upgrade	B of A Securities	Neutral → Buy
Apr-15-24	Upgrade	JP Morgan	Neutral → Overweight
Nov-20-23	Downgrade	B of A Securities	Buy → Neutral
Feb-09-23	Downgrade	JP Morgan	Overweight → Neutral
Apr-18-22	Reiterated	Bank of America Securities		$9.60
Sep-09-21	Upgrade	Credit Suisse	Neutral → Outperform

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	12,706	12,495	12,401	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	11,178	11,070	10,698
Gross Profit	1,529	1,425	1,703
Selling, General and Administrative Excl. Other	385	379	401
Research and Development	0	0	0
Other Operating Expense	44	43	115
Operating Income	1,101	1,003	1,187
Interest Expense	248	43	147
Unusual Expense	—	—	—
Non-Operating Income (Expense)	305	309	28
Net Income Before Taxes	544	452	1,011
Income Taxes	237	198	160
Consolidated Net Income	299	248	845
Net Income From Continuing Operations	305	254	851
Net Income	299	248	845
EPS (Recurring)	0.15	0.12	0.40
EPS (Basic, Before Extraordinaries)	0.15	0.12	0.40
EPS (Diluted)	0.15	0.12	0.40
EBITDA	1,478	1,353	1,737
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	27.80	29.90	—
Price To Sales Ratio	0.65	0.59	—
Gross Margin	12.03	11.40	13.73
Operating Margin	8.67	8.03	9.57
Net Margin	2.35	1.98	6.81
Shares Outstanding	1,974	2,004	2,090
Market Capitalization	8,232	7,395	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Da Cunha Gustavo Werneck	CEO and Board Member	Jun 12 '26	Buy	4.73	165,224	781,510	165,224	Jun 15 12:00 AM
Metz Mauricio	other: Executive Vice President	May 26 '26	Sale	4.70	5,000	23,500	29,536	May 28 12:00 AM
Japur Rafael Dorneles	other: VP, CFO and IR Officer	May 22 '26	Sale	4.75	5,000	23,750	96,967	May 26 12:00 AM
Peres Cesar Obino da Rosa	Officer	May 19 '26	Sale	4.60	8,000	36,800	8	May 22 12:00 AM
Metz Mauricio	other: Executive Vice President	May 13 '26	Sale	4.85	5,000	24,250	34,536	May 15 12:00 AM
Da Cunha Gustavo Werneck	CEO and Board Member	May 08 '26	Sale	4.87	432,854	2,107,999	0	May 12 12:00 AM
Metz Mauricio	other: Executive Vice President	May 05 '26	Sale	4.69	2,000	9,380	39,536	May 08 12:00 AM
Wang Chia Yuan	other: Senior management	May 05 '26	Sale	4.75	40,000	190,000	32,195	May 07 12:00 AM
Da Cunha Gustavo Werneck	CEO and Board Member	Apr 28 '26	Sale	4.50	88,000	396,000	80	May 05 12:00 AM
Wang Chia Yuan	other: Senior management	Apr 30 '26	Sale	4.54	20,000	90,800	72,195	May 04 12:00 AM
Wang Chia Yuan	other: Senior Management	Apr 28 '26	Sale	4.49	76,700	344,383	92,195	Apr 30 12:00 AM
Uhlein Clemir	other: Senior Management	Apr 28 '26	Sale	4.51	38,276	172,625	0	Apr 30 12:00 AM
Metz Mauricio	other: Executive Vice President	Apr 28 '26	Sale	4.53	1,000	4,530	41,536	Apr 30 12:00 AM
Wang Chia Yuan	other: Senior Management	Apr 10 '26	Sale	4.21	25,000	105,250	168,895	Apr 14 12:00 AM
Wahrhaftig Marcos Eduardo Faraco	other: Executive Vice President	Apr 09 '26	Sale	4.06	12,419	50,421	0	Apr 13 12:00 AM


Market Cap	8.83B	Forward P/E	7.53	EPS next Y	0.55	Insider Trans	-0.04%	Shs Float	-	Perf Month	-8.55%


Enterprise Value	10.93B	PEG	-	EPS next Q	0.03	Inst Own	-	Short Float	-	Perf Quarter	26.36%


Income	272.11M	P/S	0.64	EPS this Y	252.29%	Inst Trans	-	Short Ratio	-	Perf Half Y	10.61%


Sales	13.75B	P/B	0.84	EPS next Y	4.82%	ROA	1.70%	Short Interest	-	Perf YTD	13.01%


Book/sh	5.15	P/C	5.70	EPS next 5Y	-	ROE	2.53%	52W High	4.98 -16.27%	Perf Year	39.93%


Cash/sh	0.54	P/FCF	40.87	EPS past 3/5Y	-	ROIC	2.98%	52W Low	2.80 48.93%	Perf 3Y	-


Dividend Est.	0.13 (3.05%)	EV/EBITDA	7.27	Sales past 3/5Y	-7.65% 8.01%	Gross Margin	11.41%	Volatility	2.70% 2.62%	Perf 5Y	-


Dividend TTM	0.13 (3.05%)	EV/Sales	0.79	EPS Y/Y TTM	-13.22%	Oper. Margin	5.54%	ATR (14)	0.17	Perf 10Y	-


Dividend Ex-Date	May 15, 2026	Quick Ratio	1.40	Sales Y/Y TTM	2.46%	Profit Margin	1.99%	RSI (14)	34.98	Recom	2.50


Dividend Gr. 3/5Y	-41.69% 17.70%	Current Ratio	2.89	EPS Q/Q	66.67%	SMA20	-9.85%	Beta	1.32	Target Price	5.25


Payout	92.69%	Debt/Eq	0.31	Sales Q/Q	7.62%	SMA50	-8.33%	Rel Volume	1.66	Prev Close	4.49


Employees	30,000	LT Debt/Eq	0.26	Earnings	Jul 30	SMA200	8.00%	Avg Volume	18.53M	Price	4.17


IPO Date	Mar 10, 1999	Option/Short	Yes / Yes	EPS/Sales Surpr.	-33.33% -0.60%	Net Debt/EBITDA	1.39	Volume	30,755,685	Change	-7.13%

GGB