GTES - Gates Industrial Corp PLC Stock Price, Fair Value and News

17.34USD-0.06 (-0.34%)Delayed

Market Summary

USD17.34-0.06

Delayed

-0.34%

GTES Alerts

Big jump in Earnings (Y/Y)

GTES Stock Price

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GTES RSI Chart

GTES Valuation

Market Cap

4.5B

Price/Earnings (Trailing)

18.39

Price/Sales (Trailing)

1.28

EV/EBITDA

9.06

Price/Free Cashflow

13.25

GTES Price/Sales (Trailing)

GTES Profitability

Operating Margin

38.58%

EBT Margin

9.05%

Return on Equity

7.05%

Return on Assets

3.5%

Free Cashflow Yield

7.55%

GTES Fundamentals

GTES Revenue

Revenue (TTM)

3.5B

Rev. Growth (Yr)

-3.91%

Rev. Growth (Qtr)

-0.08%

GTES Earnings

Earnings (TTM)

246.5M

Earnings Growth (Yr)

51.52%

Earnings Growth (Qtr)

-36.41%

Breaking Down GTES Revenue

Last 7 days

3.0%

Last 30 days

0.4%

Last 90 days

30.4%

Trailing 12 Months

45.2%

How does GTES drawdown profile look like?

GTES Financial Health

Current Ratio

3.06

Debt/Equity

0.66

Debt/Cashflow

0.18

GTES Investor Care

Buy Backs (1Y)

8.30%

Diluted EPS (TTM)

0.9

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.5B	0	0	0
2023	3.6B	3.6B	3.6B	3.6B
2022	3.5B	3.5B	3.5B	3.6B
2021	3.0B	3.3B	3.5B	3.5B
2020	3.0B	2.8B	2.7B	2.8B
2019	3.3B	3.2B	3.2B	3.1B
2018	3.2B	3.3B	3.3B	3.3B
2017	2.8B	2.9B	3.0B	3.0B
2016	0	0	0	2.7B

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

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Tracking the Latest Insider Buys and Sells of Gates Industrial Corp PLC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 04, 2024	mains stephanie k.	acquired	-	-	9,751	-
Mar 04, 2024	ireland james w	acquired	-	-	9,751	-
Mar 04, 2024	simpkins neil p	acquired	-	-	18,493	-
Mar 04, 2024	neely wilson s	acquired	-	-	9,751	-
Mar 04, 2024	tillman alicia l.	acquired	-	-	9,751	-
Mar 04, 2024	zhang peifang	acquired	-	-	9,751	-
Mar 04, 2024	eliasson fredrik j	acquired	-	-	9,751	-
Mar 01, 2024	wisniewski david m	sold (taxes)	-25,465	14.72	-1,730	chief accounting officer
Mar 01, 2024	pitstick thomas g.	acquired	-	-	10,766	pres. apac & global strategy
Mar 01, 2024	bracken cristin c.	sold (taxes)	-52,727	14.72	-3,582	chief legal officer

Which funds bought or sold GTES recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Tidal Investments LLC	added	11.26	301,513	945,431	0.02%
May 16, 2024	JANE STREET GROUP, LLC	added	839	2,687,310	2,923,180	-%
May 16, 2024	KLCM Advisors, Inc.	added	59.21	10,000,300	19,082,600	2.45%
May 16, 2024	CASTLEARK MANAGEMENT LLC	new	-	2,761,170	2,761,170	0.12%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	15.75	1,046,740	3,030,840	-%
May 16, 2024	LEVIN CAPITAL STRATEGIES, L.P.	sold off	-100	-268,400	-	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	148	36,242,700	52,156,300	0.01%
May 15, 2024	Mariner, LLC	added	25.65	299,088	753,610	-%
May 15, 2024	Strategic Global Advisors, LLC	reduced	-2.77	444,828	2,015,890	0.44%
May 15, 2024	PDT Partners, LLC	reduced	-	798,521	3,296,680	0.31%

Are Funds Buying or Selling GTES?

Are funds buying GTES calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GTES

No. of Funds

GTES Alerts

Big jump in Earnings (Y/Y)

Unveiling Gates Industrial Corp PLC's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.80%	15,329,789	SC 13G
Feb 09, 2024	blackstone holdings iii l.p.	16.4%	43,344,256	SC 13G/A
Feb 09, 2023	blackstone holdings iii l.p.	28.7%	81,033,144	SC 13G/A
Feb 14, 2022	blackstone holdings iii l.p.	29.9%	87,357,197	SC 13G/A
Feb 16, 2021	blackstone holdings iii l.p.	0.8%	2,402,208	SC 13G/A
Feb 14, 2020	blackstone holdings iii l.p.	0.4%	1,278,808	SC 13G/A

Recent SEC filings of Gates Industrial Corp PLC

View All Filings

Date Filed	Form Type	Document
May 17, 2024	424B5	Prospectus Filed
May 15, 2024	424B5	Prospectus Filed
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
May 01, 2024	IRANNOTICE	IRANNOTICE
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Apr 15, 2024	PRE 14A	PRE 14A
Mar 28, 2024	8-K	Current Report

Peers (Alternatives to Gates Industrial Corp PLC)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Gates Industrial Corp PLC News

Latest updates

Gates Industrial Corp PLC Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.1%	863	863	873	936	898	893	861	907	893	816	862	915	881	794	712	577	710	726	747	810	805
Cost Of Revenue	1.3%	533	526	530	584	573	583	551	581	589	529	522	548	536	492	439	373	454	464	474	509	498
Gross Profit	-2.3%	330	338	343	353	325	310	310	326	305	286	341	367	346	302	274	204	256	261	272	301	307
S&GA Expenses	-2.0%	212	216	213	221	232	210	200	209	235	210	217	214	212	205	195	183	193	187	192	198	201
EBITDA Margin	5.7%	0.20*	0.19*	0.19*	0.18*	0.18*	0.17*	0.16*	0.17*	0.18*	0.20*	0.21*	0.20*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.3%	38.00	38.00	40.00	45.00	41.00	41.00	33.00	33.00	33.00	33.00	33.00	33.00	34.00	45.00	38.00	34.00	37.00	43.00	37.00	39.00	38.00
Income Taxes	1337.5%	35.00	2.00	1.00	10.00	15.00	-6.60	11.00	12.00	-2.20	-29.40	17.00	12.00	19.00	12.00	-16.00	1.00	-16.10	2.00	4.00	38.00	-539
Earnings Before Taxes	12.7%	81.00	72.00	87.00	81.00	46.00	84.00	67.00	72.00	35.00	42.00	96.00	117	95.00	45.00	30.00	-27.20	24.00	27.00	42.00	64.00	65.00
EBT Margin	13.2%	0.09*	0.08*	0.08*	0.08*	0.08*	0.07*	0.06*	0.07*	0.08*	0.10*	0.10*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	-36.4%	40.00	63.00	79.00	65.00	26.00	85.00	52.00	53.00	31.00	63.00	70.00	97.00	67.00	24.00	42.00	-22.40	36.00	19.00	36.00	22.00	614
Net Income Margin	6.9%	0.07*	0.07*	0.07*	0.06*	0.06*	0.06*	0.06*	0.06*	0.07*	0.09*	0.07*	0.07*	-	-	-	-	-	-	-	-	-
Free Cashflow	-122.1%	-37.00	168	93.00	119	41.00	228	77.00	6.00	-122	148	86.00	114	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.9%	7,046	7,255	7,109	7,277	7,282	7,192	7,039	7,198	7,399	7,533	7,506	7,499	7,376	7,426	7,336	7,176	7,185	7,411	7,286	7,430	7,438
Current Assets	-4.8%	2,287	2,401	2,318	2,374	2,357	2,277	2,217	2,247	2,207	2,279	2,223	2,123	1,999	1,907	2,046	1,959	1,998	1,959	1,864	1,866	1,836
Cash Equivalents	-27.0%	526	721	557	565	595	578	398	396	410	661	543	476	450	524	675	641	627	637	457	412	335
Inventory	4.6%	677	647	646	644	659	656	687	696	718	683	651	589	536	508	486	499	484	475	508	545	560
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	721	748	757
Goodwill	-1.3%	2,013	2,039	1,984	2,018	2,015	1,981	1,905	1,973	2,050	2,063	2,074	2,103	2,087	2,120	2,022	1,983	1,958	2,061	2,024	2,067	2,055
Liabilities	-4.3%	3,551	3,711	3,697	3,886	3,729	3,748	3,795	3,895	4,023	4,052	4,105	4,135	4,146	4,241	4,381	4,335	4,343	4,401	4,356	4,448	4,476
Current Liabilities	-4.0%	748	779	780	798	738	752	747	772	789	856	842	841	757	726	654	629	668	658	583	641	642
Long Term Debt	-4.2%	2,313	2,415	2,418	2,521	2,423	2,426	2,467	2,534	2,573	2,527	2,542	2,560	2,630	2,666	2,928	2,907	2,902	2,912	2,910	2,935	2,929
LT Debt, Current	-23.6%	28.00	37.00	28.00	37.00	28.00	37.00	28.00	38.00	29.00	38.00	30.00	39.00	30.00	43.00	50.00	64.00	55.00	46.00	44.00	41.00	34.00
LT Debt, Non Current	-100.0%	-	2,415	2,418	2,521	2,423	2,426	2,467	2,534	2,573	2,527	2,542	2,560	2,630	2,666	2,928	2,907	2,902	2,912	2,910	2,935	2,929
Shareholder's Equity	8.5%	3,495	3,220	3,091	3,391	3,554	3,110	3,244	3,303	3,376	3,481	3,402	3,364	3,230	3,185	2,955	2,842	2,841	3,011	2,930	2,983	2,962
Retained Earnings	-0.7%	1,452	1,462	1,399	1,321	1,509	1,483	1,398	1,346	1,415	1,438	1,386	1,316	1,219	1,151	1,127	1,085	1,108	1,072	1,053	1,017	996
Additional Paid-In Capital	0.2%	2,590	2,584	2,576	2,573	2,560	2,542	2,533	2,524	2,505	2,484	2,478	2,471	2,463	2,457	2,451	2,445	2,440	2,435	2,431	2,426	2,421
Shares Outstanding	-1.1%	261	264	264	264	285	283	282	282	289	291	292	292	-	-	-	-	-	-	-	-	-
Minority Interest	-2.1%	317	324	321	321	339	334	308	345	381	382	385	380	378	379	357	344	357	360	353	372	383
Float	-	-	-	-	1,701	-	-	-	1,062	-	-	-	1,210	-	-	-	438	-	-	-	526	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-111.1%	-21.00	189	108	131	53.00	247	101	24.00	-105	169	102	136	-24.00	182	56.00	41.00	31.00	204	81.00	112	-47.70
Share Based Compensation	10.3%	9.00	8.00	3.00	7.00	10.00	10.00	7.00	4.00	24.00	6.00	6.00	7.00	6.00	6.00	5.00	6.00	3.00	5.00	4.00	4.00	3.00
Cashflow From Investing	18.1%	-19.50	-23.80	-16.90	-11.20	-29.90	-19.20	-28.90	-17.60	-25.00	-15.40	-20.00	-21.40	-29.20	-23.90	-16.50	-12.50	-24.60	-8.40	-22.10	-15.80	-31.70
Cashflow From Financing	-797.0%	-148	-16.60	-81.30	-158	-2.10	-76.10	-49.70	-11.50	-115	-34.60	-11.10	-87.80	-15.10	-322	-12.80	-16.00	-2.90	-19.20	-8.80	-18.20	-13.10
Buy Backs	-	51.00	-	-1.05	254	-	0.00	-	1.00	175	11.00	-	-	-	-	-	-	-	-	-	-	-

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GTES Income Statement

2024-03-30

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Income Statement [Abstract]
Net sales	$ 862.6	$ 897.7
Cost of sales	532.6	572.6
Gross profit	330.0	325.1
Selling, general and administrative expenses	211.7	232.1
Transaction-related expenses	0.4	0.2
Restructuring expenses	1.2	5.5
Operating income from continuing operations	116.7	87.3
Interest expense	37.5	40.8
Other (income) expenses	(1.5)	0.3
Income from continuing operations before taxes	80.7	46.2
Income tax expense	34.5	15.3
Net income from continuing operations	46.2	30.9
Loss on disposal of discontinued operations, net of tax, respectively, of $0 and $0	0.1	0.3
Net income	46.1	30.6
Less: non-controlling interests	6.1	4.2
Net income attributable to shareholders	$ 40.0	$ 26.4
Basic
Earnings per share from continuing operations (in usd per share)	$ 0.15	$ 0.09
Earnings per share from discontinued operations (in usd per share)	0	0
Earnings per share (in usd per share)	0.15	0.09
Diluted
Earnings per share from continuing operations (in usd per share)	0.15	0.09
Earnings per share from discontinued operations (in usd per share)	0	0
Earnings per share (in usd per share)	$ 0.15	$ 0.09

GTES Balance Sheet

2024-03-30

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 30, 2024	Dec. 30, 2023
Current assets
Cash and cash equivalents	$ 522.2	$ 720.6
Trade accounts receivable, net	797.7	768.2
Inventories	677.2	647.2
Taxes receivable	44.2	30.4
Prepaid expenses and other assets	245.8	234.9
Total current assets	2,287.1	2,401.3
Non-current assets
Property, plant and equipment, net	619.2	630.0
Goodwill	2,012.5	2,038.7
Pension surplus	8.4	8.6
Intangible assets, net	1,347.0	1,386.1
Right-of-use assets	120.9	120.1
Taxes receivable	18.3	18.5
Deferred income taxes	607.4	622.4
Other non-current assets	25.1	28.8
Total assets	7,045.9	7,254.5
Current liabilities
Debt, current portion	27.9	36.5
Trade accounts payable	451.4	457.7
Taxes payable	44.9	36.6
Accrued expenses and other current liabilities	223.7	248.5
Total current liabilities	747.9	779.3
Non-current liabilities
Debt, less current portion	2,313.1	2,415.0
Post-retirement benefit obligations	81.6	83.8
Lease liabilities	112.0	110.6
Taxes payable	83.3	79.4
Deferred income taxes	114.3	119.4
Other non-current liabilities	98.3	123.1
Total liabilities	3,550.5	3,710.6
Commitments and contingencies (Note 18)
Shareholders’ equity
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 261,244,776 (December 30, 2023: authorized shares: 3,000,000,000; outstanding shares: 264,259,788)	2.6	2.6
—Additional paid-in capital	2,590.1	2,583.8
—Accumulated other comprehensive loss	(865.9)	(828.5)
—Retained earnings	1,451.8	1,462.3
Total shareholders’ equity	3,178.6	3,220.2
Non-controlling interests	316.8	323.7
Total equity	3,495.4	3,543.9
Total liabilities and equity	$ 7,045.9	$ 7,254.5

About Gates Industrial Corp PLC

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, and fittings, as well as assemblies. The company's products are used in applications across various markets, including industrial off-highway end markets, such as construction and agriculture; industrial on-highway end markets comprising transportation, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.

CEO	Mr. Ivo Jurek
WEBSITE	gates.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	15000

Gates Industrial Corp PLC Frequently Asked Questions

What is the ticker symbol for Gates Industrial Corp PLC? What does GTES stand for in stocks?

GTES is the stock ticker symbol of Gates Industrial Corp PLC. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Gates Industrial Corp PLC (GTES)?

As of Fri May 17 2024, market cap of Gates Industrial Corp PLC is 4.53 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GTES stock?

You can check GTES's fair value in chart for subscribers.

What is the fair value of GTES stock?

You can check GTES's fair value in chart for subscribers. The fair value of Gates Industrial Corp PLC is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Gates Industrial Corp PLC is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GTES so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Gates Industrial Corp PLC a good stock to buy?

The fair value guage provides a quick view whether GTES is over valued or under valued. Whether Gates Industrial Corp PLC is cheap or expensive depends on the assumptions which impact Gates Industrial Corp PLC's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GTES.

What is Gates Industrial Corp PLC's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, GTES's PE ratio (Price to Earnings) is 18.39 and Price to Sales (PS) ratio is 1.28. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GTES PE ratio will change depending on the future growth rate expectations of investors.