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GTES

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

16.09USD-0.45 (-2.72%)Market Closed

Market Summary

GTES
USD16.09-0.45
Market Closed
-2.72%

GTES Alerts

  • 3 major insider sales recently.
  • Big jump in Earnings (Y/Y)

GTES Stock Price

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GTES RSI Chart

GTES Valuation

Market Cap

4.2B

Price/Earnings (Trailing)

17.06

Price/Sales (Trailing)

1.19

EV/EBITDA

8.6

Price/Free Cashflow

12.29

GTES Price/Sales (Trailing)

GTES Profitability

Operating Margin

38.58%

EBT Margin

9.05%

Return on Equity

7.75%

Return on Assets

3.5%

Free Cashflow Yield

8.13%

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

-2.4%

Last 30 days

-5.3%

Last 90 days

-6.0%

Trailing 12 Months

22.6%

How does GTES drawdown profile look like?

GTES Financial Health

Current Ratio

3.06

Debt/Equity

0.73

Debt/Cashflow

0.18

GTES Investor Care

Buy Backs (1Y)

8.30%

Diluted EPS (TTM)

0.9

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20243.5B000
20233.6B3.6B3.6B3.6B
20223.5B3.5B3.5B3.6B
20213.0B3.3B3.5B3.5B
20203.0B2.8B2.7B2.8B
20193.3B3.2B3.2B3.1B
20183.2B3.3B3.3B3.3B
20172.8B2.9B3.0B3.0B
20160002.7B
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Tracking the Latest Insider Buys and Sells of Gates Industrial Corp PLC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 21, 2024
blackstone inc.
sold
-328,641,000
16.33
-20,125,000
-
May 21, 2024
bx gates ml-1 holdco llc
sold
-328,641,000
16.33
-20,125,000
-
May 21, 2024
omaha aggregator (cayman) l.p.
sold
-328,641,000
16.33
-20,125,000
-
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 04, 2024
mains stephanie k.
acquired
-
-
9,751
-

1–10 of 50

Which funds bought or sold GTES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
458
458
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
reduced
-6.84
1,167,000
6,241,000
0.01%
May 21, 2024
LRI Investments, LLC
new
-
2,037
2,037
-%
May 20, 2024
EMC Capital Management
new
-
203,000
203,000
0.12%
May 17, 2024
Rokos Capital Management LLP
sold off
-100
-3,356,250
-
-%
May 16, 2024
JANE STREET GROUP, LLC
added
839
2,687,310
2,923,180
-%
May 16, 2024
LEVIN CAPITAL STRATEGIES, L.P.
sold off
-100
-268,400
-
-%
May 16, 2024
CASTLEARK MANAGEMENT LLC
new
-
2,761,170
2,761,170
0.12%
May 16, 2024
Tidal Investments LLC
added
11.26
301,513
945,431
0.02%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
15.75
1,046,740
3,030,840
-%

1–10 of 47

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

Unveiling Gates Industrial Corp PLC's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
Jun 04, 2024
8-K
Current Report
May 30, 2024
SD
SD
May 23, 2024
4
Insider Trading
May 23, 2024
4
Insider Trading
May 23, 2024
4
Insider Trading
May 23, 2024
8-K
Current Report
May 20, 2024
8-K
Current Report
May 17, 2024
424B5
Prospectus Filed
May 15, 2024
424B5
Prospectus Filed
May 01, 2024
10-Q
Quarterly Report

Peers (Alternatives to Gates Industrial Corp PLC)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
170.6B
69.5B
-4.64% 47.89%
48.6
2.45
16.04% -60.91%
158.8B
67.0B
-10.68% 29.84%
14.13
2.37
8.59% 58.17%
38.7B
6.7B
-1.53% 6.59%
29.32
5.74
7.11% 10.53%
37.7B
34.0B
-8.78% 12.35%
18.26
1.11
12.85% -19.64%
11.8B
15.3B
-4.95% 0.31%
-855.1
0.77
13.36% -103.70%
MID-CAP
10.4B
6.9B
2.39% 50.26%
60.69
1.51
3.19% 62.26%
7.6B
15.5B
16.19% 51.60%
25.09
0.49
7.53% 3145.00%
6.1B
4.4B
-7.38% 27.13%
26.19
1.39
17.31% 1.26%
4.1B
2.4B
-6.32% 15.97%
28.46
1.72
4.48% -49.27%
2.1B
1.7B
-12.76% -4.67%
15.64
1.24
8.96% 15.52%
SMALL-CAP
1.7B
1.4B
17.61% -32.96%
29.52
1.23
-13.54% -25.70%
1.0B
627.3M
13.44% 90.21%
26.87
1.63
36.84% 37.55%
958.5M
145.6M
78.81% 281.59%
-46.43
6.58
37.42% 67.34%
691.8M
35.8M
-8.93% -63.57%
-0.73
19.3
-27.93% -18.06%
204.4M
100.1M
-19.92% 313.01%
-25.05
2.04
2.80% 39.07%

Gates Industrial Corp PLC News

Latest updates
Yahoo News Australia21 hours ago

Gates Industrial Corp PLC Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-0.1%863863873936898893861907893816862915881794712577710726747810805
Cost Of Revenue1.3%533526530584573583551581589529522548536492439373454464474509498
Gross Profit-2.3%330338343353325310310326305286341367346302274204256261272301307
  S&GA Expenses-2.0%212216213221232210200209235210217214212205195183193187192198201
EBITDA Margin5.7%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%38.0038.0040.0045.0041.0041.0033.0033.0033.0033.0033.0033.0034.0045.0038.0034.0037.0043.0037.0039.0038.00
Income Taxes1337.5%35.002.001.0010.0015.00-6.6011.0012.00-2.20-29.4017.0012.0019.0012.00-16.001.00-16.102.004.0038.00-539
Earnings Before Taxes12.7%81.0072.0087.0081.0046.0084.0067.0072.0035.0042.0096.0011795.0045.0030.00-27.2024.0027.0042.0064.0065.00
EBT Margin13.2%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%40.0063.0079.0065.0026.0085.0052.0053.0031.0063.0070.0097.0067.0024.0042.00-22.4036.0019.0036.0022.00614
Net Income Margin6.9%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%-37.0016893.0011941.0022877.006.00-12214886.00114---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-2.9%7,0467,2557,1097,2777,2827,1927,0397,1987,3997,5337,5067,4997,3767,4267,3367,1767,1857,4117,2867,4307,438
  Current Assets-4.8%2,2872,4012,3182,3742,3572,2772,2172,2472,2072,2792,2232,1231,9991,9072,0461,9591,9981,9591,8641,8661,836
    Cash Equivalents-27.5%522721557565598581398396410661543476450524675641627637457412335
  Inventory4.6%677647646644659656687696718683651589536508486499484475508545560
  Net PPE-------------------721748757
  Goodwill-1.3%2,0132,0391,9842,0182,0151,9811,9051,9732,0502,0632,0742,1032,0872,1202,0221,9831,9582,0612,0242,0672,055
Liabilities-4.3%3,5513,7113,6973,8863,7293,7483,7953,8954,0234,0524,1054,1354,1464,2414,3814,3354,3434,4014,3564,4484,476
  Current Liabilities-4.0%748779780798738752747772789856842841757726654629668658583641642
  Long Term Debt-4.2%2,3132,4152,4182,5212,4232,4262,4672,5342,5732,5272,5422,5602,6302,6662,9282,9072,9022,9122,9102,9352,929
    LT Debt, Current-23.6%28.0037.0028.0037.0028.0037.0028.0038.0029.0038.0030.0039.0030.0043.0050.0064.0055.0046.0044.0041.0034.00
    LT Debt, Non Current-4.2%2,3132,4152,4182,5212,4232,4262,4672,5342,5732,5272,5422,5602,6302,6662,9282,9072,9022,9122,9102,9352,929
Shareholder's Equity-1.3%3,1793,2203,0913,3913,5543,4443,2443,3033,3763,4813,4023,3643,2303,1852,9552,8422,8413,0112,9302,9832,962
  Retained Earnings-0.7%1,4521,4621,3991,3211,5091,4831,3981,3461,4151,4381,3861,3161,2191,1511,1271,0851,1081,0721,0531,017996
  Additional Paid-In Capital0.2%2,5902,5842,5762,5732,5602,5422,5332,5242,5052,4842,4782,4712,4632,4572,4512,4452,4402,4352,4312,4262,421
Shares Outstanding-1.1%261264264264285283282282289291292292---------
Minority Interest-2.1%317324321321339334308345381382385380378379357344357360353372383
Float----1,701---1,062---1,210---438---526-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-111.1%-21.0018910813153.0024710124.00-105169102136-24.0018256.0041.0031.0020481.00112-47.70
  Share Based Compensation10.3%9.008.003.007.0010.0010.007.004.0024.006.006.007.006.006.005.006.003.005.004.004.003.00
Cashflow From Investing18.1%-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-50.00--1.05254-0.00-1.0017511.00-----------
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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 sales532.6572.6
Gross profit330.0325.1
Selling, general and administrative expenses211.7232.1
Transaction-related expenses0.40.2
Restructuring expenses1.25.5
Operating income from continuing operations116.787.3
Interest expense37.540.8
Other (income) expenses(1.5)0.3
Income from continuing operations before taxes80.746.2
Income tax expense34.515.3
Net income from continuing operations46.230.9
Loss on disposal of discontinued operations, net of tax, respectively, of $0 and $00.10.3
Net income46.130.6
Less: non-controlling interests6.14.2
Net income attributable to shareholders$ 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)00
Earnings per share (in usd per share)0.150.09
Diluted  
Earnings per share from continuing operations (in usd per share)0.150.09
Earnings per share from discontinued operations (in usd per share)00
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, net797.7768.2
Inventories677.2647.2
Taxes receivable44.230.4
Prepaid expenses and other assets245.8234.9
Total current assets2,287.12,401.3
Non-current assets  
Property, plant and equipment, net619.2630.0
Goodwill2,012.52,038.7
Pension surplus8.48.6
Intangible assets, net1,347.01,386.1
Right-of-use assets120.9120.1
Taxes receivable18.318.5
Deferred income taxes607.4622.4
Other non-current assets25.128.8
Total assets7,045.97,254.5
Current liabilities  
Debt, current portion27.936.5
Trade accounts payable451.4457.7
Taxes payable44.936.6
Accrued expenses and other current liabilities223.7248.5
Total current liabilities747.9779.3
Non-current liabilities  
Debt, less current portion2,313.12,415.0
Post-retirement benefit obligations81.683.8
Lease liabilities112.0110.6
Taxes payable83.379.4
Deferred income taxes114.3119.4
Other non-current liabilities98.3123.1
Total liabilities3,550.53,710.6
Commitments and contingencies (Note 18)
Shareholders’ equity  
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 261,244,776 (December 30, 2023: authorized shares: 3,000,000,000; outstanding shares: 264,259,788)2.62.6
—Additional paid-in capital2,590.12,583.8
—Accumulated other comprehensive loss(865.9)(828.5)
—Retained earnings1,451.81,462.3
Total shareholders’ equity3,178.63,220.2
Non-controlling interests316.8323.7
Total equity3,495.43,543.9
Total liabilities and equity$ 7,045.9$ 7,254.5
GTES
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
 WEBSITEgates.com
 INDUSTRYApparel Manufacturing
 EMPLOYEES15000

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 Jun 14 2024, market cap of Gates Industrial Corp PLC is 4.21 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 Jun 14 2024, GTES's PE ratio (Price to Earnings) is 17.06 and Price to Sales (PS) ratio is 1.19. 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.