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GTES

11.26USD-0.40(-3.43%)Market Closed

Gates Industrial Corporation PLC

Market Summary

USD11.26-0.40Market Closed
-3.43%

GTES Stock Price

RSI Chart

Valuation

Market Cap

3.2B

Price/Earnings

14.77

Price/Sales

0.92

Price/Cashflow

16.97

MarketCap/EBT

13.13

Price/Sales

Profitability

Operating Margin

36.17%

EBT Margin

7.02%

Return on Equity

7.33%

Return on Assets

3.01%

Fundamentals

Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

-0.2%

Revenue Q/Q

-5.08%

Earnings

Earnings (TTM)

198.6M

Earnings Y/Y

-26.07%

Earnings Q/Q

-2.26%

Price Action

52 Week Range

9.4016.87
(Low)(High)

Last 7 days

-2.7%

Last 30 days

-0.8%

Last 90 days

3.9%

Trailing 12 Months

-31.2%

Financial Health

Current Ratio

2.91

Debt/Equity

0.87

Debt/Cashflow

0.07

Investor Care

Buy Backs (1Y)

3.25%

Diluted EPS (TTM)

0.68

Peers (Alternatives to Gates Industrial Corporation)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
65.8B
15.6B
4.72% -2.17%
24.83
4.2
9.75% -0.82%
20.3B
5.7B
5.37% -9.69%
30.76
3.68
4.14% 61.55%
18.5B
5.3B
7.20% -9.46%
43.88
3.54
1.79% 9.35%
16.8B
3.1B
4.00% 1.59%
29.23
5.45
15.80% 33.34%
11.7B
2.1B
-1.18% -7.50%
25.73
5.5
10.93% 4.69%
MID-CAP
6.4B
2.8B
5.83% -16.95%
18.69
2.25
5.38% 424.65%
5.1B
4.4B
4.97% 7.85%
13.74
1.16
10.07% 3.84%
3.7B
3.5B
7.11% 0.75%
39.27
1.07
-3.08% -49.16%
SMALL-CAP
1.4B
116.9M
-13.27% 1.09%
120.09
13.3
20.80% 25.11%
716.8M
469.2M
-0.69% -35.61%
32.77
1.72
27.97% -49.16%
179.1M
251.1M
-22.63% -19.20%
22.12
0.74
14.10% 117.40%
102.3M
491.1M
-19.31% -60.59%
-6.91
0.21
1.00% -108.69%
93.4M
234.3M
7.53% -26.79%
-8.35
0.4
24.07% -1085.30%

Financials for Gates Industrial Corporation

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue0.0%3,4773,4783,4873,4743,453
Gross Profit-2.5%1,2271,2581,2991,3391,355
  S&GA Expenses-2.0%854871876853848
  R&D Expenses-71
Earnings Before Taxes-11.5%216244290350353
Net Income-8.4%199217261297259
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.2%7,0397,1987,3997,5337,506
  Current Assets-1.3%2,2172,2472,2072,2792,223
    Cash Equivalents0.5%395393407658541
  Inventory-1.3%687696718683651
  Goodwill-3.4%1,9051,9732,0502,0632,074
Liabilities-2.6%3,7953,8954,0234,0524,105
  Current Liabilities-3.2%747772789856842
  Long Term Debt-3.0%2,4952,5722,6032,5652,572
    LT Debt, Current-25.4%2838293830
    LT Debt, Non Current-2.6%2,4672,5342,5732,5272,542
Shareholder's Equity-0.8%2,9362,9582,9953,1003,017
  Retained Earnings3.9%1,3981,3461,4151,4381,386
  Additional Paid-In Capital0.4%2,5332,5242,5052,4842,478
Shares Outstanding0.1%282282289291292
Minority Interest-10.9%308345381382385
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-0.6%188189301382395
  Share Based Compensation3.8%4139422525
Cashflow From Investing-11.4%-86.90-78.00-81.80-86.00-94.50
Cashflow From Financing-22.3%-211.60-173.00-249.30-148.60-436.10
  Buy Backs0%186186186110
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on GTES?

75.7%


Probability that Gates Industrial Corporation stock will be more than 20% underwater in next one year

58.8%


Probability that Gates Industrial Corporation stock will be more than 30% underwater in next one year.

45.9%


Probability that Gates Industrial Corporation stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GTES drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Gates Industrial Corporation was unfortunately bought at previous high price.

Returns

Cumulative Returns on GTES

-1.8%


3-Year Cumulative Returns

Which funds bought or sold GTES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-189,000
1,270,000
-%
2022-11-17
M&T Bank Corp
-
-
571,000
621,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
REDUCED
-8.88
-54,000
247,000
-%
2022-11-16
Front Row Advisors LLC
NEW
-
5,000
5,000
-%
2022-11-15
JANE STREET GROUP, LLC
NEW
-
860,000
860,000
-%
2022-11-15
JACOBS LEVY EQUITY MANAGEMENT, INC
REDUCED
-45.88
-632,000
603,000
-%
2022-11-15
Alpha Paradigm Partners, LLC
NEW
-
220,000
220,000
0.10%
2022-11-15
ADVISORY RESEARCH INC
REDUCED
-0.87
-313,000
2,666,000
0.26%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
ADDED
1.73
-52,000
580,000
-%
2022-11-15
Neuberger Berman Group LLC
REDUCED
-45.1
-321,000
316,000
-%

1–10 of 48

Latest Funds Activity

Are funds buying GTES calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own GTES

Gates Industrial Corporation News

The American Conservative

Myth-Busting Silicon Valley.15 hours ago

Sierra Club

GTES Fair Value

Gates Industrial Corporation fair value in different scenarios

The table shows the Fair Value estimates for Gates Industrial Corporation for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

8.33

-26.02%

10.04

-10.83%

12.85

14.12%

18.97

68.47%

24.99

121.94%

Current Inflation

7.99

-29.04%

9.39

-16.61%

11.77

4.53%

17.03

51.24%

22.19

97.07%

Very High Inflation

7.56

-32.86%

8.59

-23.71%

10.48

-6.93%

14.76

31.08%

18.93

68.12%

Historical Gates Industrial Corporation Fair Value Estimates


Recent SEC filings of Gates Industrial Corporation

View All Filings
Date Filed Form Type Document
Nov 21, 2022
8-K
Current Report
Nov 14, 2022
8-K
Current Report
Nov 04, 2022
10-Q
Quarterly Report
Nov 04, 2022
8-K
Current Report
Nov 02, 2022
4
Insider Trading
Oct 26, 2022
3
Insider Trading
Oct 26, 2022
4
Insider Trading
Oct 26, 2022
8-K
Current Report
Sep 01, 2022
4
Insider Trading
Aug 26, 2022
S-3ASR
S-3ASR

Latest Insider Trading transactions for GTES

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-01
Kahr Julia
SOLD FOR TAXES
-78.05
11.15
-7
-
2022-10-24
Eliasson Fredrik J
ACQUIRED
-
-
11,563
-
2022-08-30
Neely Wilson S
BOUGHT
32,505
10.835
3,000
-
2022-04-27
Bracken Cristin C.
ACQUIRED
-
-
1,667
SVP, CLO & Corporate Secretary
2022-04-27
Tillman Alicia L.
SOLD (Taxes)
-76.74
12.79
-6
-
2022-04-27
Bracken Cristin C.
SOLD (Taxes)
-6,177.57
12.79
-483
SVP, CLO & Corporate Secretary
2022-04-11
Wisniewski David M
SOLD (Taxes)
-7,261
13.25
-548
Chief Accounting Officer
2022-04-11
Wisniewski David M
ACQUIRED
-
-
1,890
Chief Accounting Officer
2022-03-30
BX GATES ML-1 HOLDCO LLC
SOLD
-208,175,000
15.14
-13,750,000
-
2022-03-30
Omaha Aggregator (Cayman) L.P.
SOLD
-208,175,000
15.14
-13,750,000
-

1–10 of 50

Ivo Jurek
15000
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, personal mobility, and vertical lifts application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, engine systems, and other industrial application platforms; and hydraulics, including hoses, tubing, and fittings, as well as assemblies. The company serves construction, agriculture, energy and resources, automotive, transportation, mobility and recreation, consumer products, and various industrial applications, such as automated manufacturing and logistics systems. It sells its engineered 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.

GTES Income Statement

2022-10-01
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]    
Net sales$ 860.7$ 862.4$ 2,660.9$ 2,658.8
Cost of sales551.2521.71,720.31,605.9
Gross profit309.5340.7940.61,052.9
Selling, general and administrative expenses199.7217.4644.0643.2
Transaction-related expenses0.70.22.02.8
Asset impairments0.50.01.10.0
Restructuring expenses4.71.98.48.5
Other operating expense (income)0.1(9.3)0.2(9.8)
Operating income from continuing operations103.8130.5284.9408.2
Interest expense33.333.198.9100.8
Other expenses (income)3.11.911.8(0.5)
Income from continuing operations before taxes67.495.5174.2307.9
Income tax expense11.417.321.547.8
Net income from continuing operations56.078.2152.7260.1
Loss (gain) on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0 and $00.00.20.3(0.1)
Net income56.078.0152.4260.2
Less: non-controlling interests4.17.816.525.8
Net income attributable to shareholders$ 51.9$ 70.2$ 135.9$ 234.4
Basic    
Earnings per share from continuing operations (in usd per share)$ 0.18$ 0.24$ 0.48$ 0.80
Earnings per share from discontinued operations (in usd per share)0000
Earnings per share (in usd per share)0.180.240.480.80
Diluted    
Earnings per share from continuing operations (in usd per share)0.180.230.470.79
Earnings per share from discontinued operations (in usd per share)0000
Earnings per share (in usd per share)$ 0.18$ 0.23$ 0.47$ 0.79

GTES Balance Sheet

2022-10-01
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2022
Jan. 01, 2022
Current assets  
Cash and cash equivalents$ 395.3$ 658.2
Trade accounts receivable, net805.4708.1
Inventories686.6682.6
Taxes receivable62.819.1
Prepaid expenses and other assets266.8210.7
Total current assets2,216.92,278.7
Non-current assets  
Property, plant and equipment, net618.2670.3
Goodwill1,905.32,063.0
Pension surplus64.475.5
Intangible assets, net1,491.61,642.2
Right-of-use assets130.2124.2
Taxes receivable14.715.7
Deferred income taxes531.2639.3
Other non-current assets66.224.1
Total assets7,038.77,533.0
Current liabilities  
Debt, current portion28.238.1
Trade accounts payable453.2506.6
Taxes payable47.934.1
Accrued expenses and other current liabilities217.4277.1
Total current liabilities746.7855.9
Non-current liabilities  
Debt, less current portion2,467.12,526.5
Post-retirement benefit obligations91.3106.2
Lease liabilities122.6116.4
Taxes payable105.9103.7
Deferred income taxes210.5283.7
Other non-current liabilities51.159.2
Total liabilities3,795.24,051.6
Commitments and contingencies (note 18)
Shareholders’ equity  
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 282,440,724 (January 1, 2022: authorized shares: 3,000,000,000; outstanding shares: 291,282,137)2.82.9
—Additional paid-in capital2,533.02,484.1
—Accumulated other comprehensive loss(997.8)(825.2)
—Retained earnings1,398.01,437.9
Total shareholders’ equity2,936.03,099.7
Non-controlling interests307.5381.7
Total equity3,243.53,481.4
Total liabilities and equity$ 7,038.7$ 7,533.0