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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mangels Industrial's retained earnings for the quarter that ended in Jun. 2026 was R$-142 Mil.
Mangels Industrial's quarterly retained earnings
increased
from Dec. 2025 (R$-156 Mil) to Mar. 2026 (R$-152 Mil) and
increased
from Mar. 2026 (R$-152 Mil) to Jun. 2026 (R$-142 Mil).
Mangels Industrial's annual retained earnings
declined
from Dec. 2023 (R$-160 Mil) to Dec. 2024 (R$-203 Mil) but then
increased
from Dec. 2024 (R$-203 Mil) to Dec. 2025 (R$-156 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Mangels Industrial Retained Earnings Historical Data
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The historical data trend for Mangels Industrial's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Mangels Industrial (BSP:MGEL4) has a Retained Earnings of R$-142 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Mangels Industrial and its competitors.
Is Mangels Industrial's Retained Earnings too high?
Mangels Industrial's current Retained Earnings is R$-142 Mil. Overall, Mangels Industrial has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mangels Industrial's Retained Earnings compare to NUE and STLD?
Mangels Industrial's Retained Earnings of R$-142 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Steel company?
A good Retained Earnings depends on the Steel industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Mangels Industrial and its competitors. Mangels Industrial's current Retained Earnings is R$-142 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangels Industrial stock overvalued right now?
Based on GuruFocus' analysis, Mangels Industrial (BSP:MGEL4) is currently considered Significantly Undervalued. The stock's GF Value™ is R$8.04, compared to a current price of R$5.14 — trading 36.1% below its estimated fair value. The current Retained Earnings is R$-142 Mil. Mangels Industrial's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Mangels Industrial (BSP:MGEL4), the current Retained Earnings is R$-142 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mangels Industrial (BSP:MGEL4) Overvalued in 2026?
Based on GuruFocus' analysis, Mangels Industrial stock appears to be undervalued.
The current stock price of R$5.14 is trading 36.1% below its estimated GF Value™ of R$8.04.
GuruFocus considers Mangels Industrial to be Significantly Undervalued.
Key valuation signals for BSP:MGEL4:
Retained Earnings: R$-142 Mil
GF Value™: R$8.04 vs. price of R$5.14 (36.1% below fair value)
No single metric tells the full story. See the BSP:MGEL4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.
61GF Score
Get the complete analysis for BSP:MGEL4
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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