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GTES

Gates Industrial Corp PLC

GTES

12.25USD+0.07 (+0.57%)Market Closed
Watchlist

Market Summary

USD12.25+0.07
Market Closed
0.57%

GTES Alerts

  • Big jump in Earnings (Y/Y)

GTES Stock Price

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GTES RSI Chart

GTES Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

12.69

Price/Sales (Trailing)

0.9

EV/EBITDA

3.94

Price/Free Cashflow

6.73

GTES Price/Sales (Trailing)

GTES Profitability

Operating Margin

35.71%

EBT Margin

7.55%

Return on Equity

6.73%

Return on Assets

2.97%

Free Cashflow Yield

14.85%

GTES Fundamentals

GTES Revenue

Revenue (TTM)

3.6B

Revenue Y/Y

1.42%

Revenue Q/Q

-6.77%

GTES Earnings

Earnings (TTM)

254.9M

Earnings Y/Y

51.64%

Earnings Q/Q

21.26%

Price Action

Last 7 days

-0.1%

Last 30 days

8.0%

Last 90 days

3.6%

Trailing 12 Months

13.2%

How does GTES drawdown profile look like?

GTES Financial Health

Current Ratio

3.19

GTES Investor Care

Buy Backs (1Y)

6.50%

Diluted EPS (TTM)

0.91

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.6B3.6B3.6B0
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

Latest Insider Trading transactions for GTES

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Oct 24, 2023
eliasson fredrik j
sold (taxes)
-121
11.07
-11.00
-
Aug 14, 2023
omaha aggregator (cayman) l.p.
sold
-199,582,000
11.57
-17,250,000
-
Aug 14, 2023
bx gates ml-1 holdco llc
sold
-199,582,000
11.57
-17,250,000
-
Aug 14, 2023
blackstone inc.
sold
-199,582,000
11.57
-17,250,000
-
Jul 27, 2023
pitstick thomas g.
sold (taxes)
-98,356
13.4
-7,340
chief strategy officer
Jul 27, 2023
bracken cristin c.
acquired
-
-
20,346
chief legal officer
Jul 27, 2023
wisniewski david m
acquired
-
-
10,873
chief accounting officer
Jul 27, 2023
bracken cristin c.
sold (taxes)
-78,537
13.4
-5,861
chief legal officer
Jul 27, 2023
jurek ivo
acquired
-
-
186,666
chief exec officer & director
Jul 27, 2023
pitstick thomas g.
acquired
-
-
25,483
chief strategy officer

1–10 of 50

Which funds bought or sold GTES recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
added
78.76
531,767
1,517,280
-%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-91.02
-1,444,480
121,058
-%
Nov 22, 2023
Graham Capital Management, L.P.
added
104
1,092,070
2,530,490
0.06%
Nov 21, 2023
AUXIER ASSET MANAGEMENT
added
10.8
-96,873
2,024,190
0.34%
Nov 17, 2023
JACOBS LEVY EQUITY MANAGEMENT, INC
added
4.25
-50,990
448,390
-%
Nov 15, 2023
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-18.56
-226,000
530,000
-%
Nov 15, 2023
GRIES FINANCIAL LLC
new
-
119,676
119,676
0.03%
Nov 15, 2023
Front Row Advisors LLC
added
13.59
-215
3,785
-%
Nov 15, 2023
Integrated Wealth Concepts LLC
unchanged
-
-19,079
118,457
-%
Nov 15, 2023
JANE STREET GROUP, LLC
added
594
1,296,370
1,556,730
-%

1–10 of 48

Latest Funds Activity

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

Schedule 13G FIlings of Gates Industrial Corp PLC

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Dec 07, 2023
424B5
Prospectus Filed
Nov 06, 2023
3
Insider Trading
Nov 03, 2023
IRANNOTICE
IRANNOTICE
Nov 03, 2023
8-K
Current Report
Nov 03, 2023
10-Q
Quarterly Report
Oct 26, 2023
4
Insider Trading

GTES Fair Value

Loading...

Peers (Alternatives to Gates Industrial Corp PLC)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
134.2B
65.4B
6.86% 40.69%
596.62
1.75
14.76% 276.64%
132.1B
66.6B
9.60% 12.45%
15.8
1.98
17.59% 23.71%
36.0B
6.5B
6.43% 11.19%
28.16
5.54
7.68% 12.63%
32.7B
33.3B
5.08% -4.79%
12.6
0.98
27.29% 25.35%
12.5B
14.4B
16.81% 7.72%
225.27
0.87
9.36% -82.19%
MID-CAP
7.1B
6.9B
12.84% 61.57%
47.49
1.04
15.17% 127.27%
6.4B
15.4B
9.25% 9.86%
37.87
0.42
16.49% 218.18%
5.1B
4.2B
3.27% 27.19%
20.58
1.2
19.99% 192.01%
3.8B
2.2B
15.48% 33.01%
13.11
1.69
-1.69% 185.56%
2.2B
1.7B
3.61% 28.49%
16.82
1.36
13.29% 45.45%
SMALL-CAP
1.7B
1.3B
41.46% -48.88%
35.79
1.32
-33.72% -55.64%
744.0M
56.2M
-27.18% -68.88%
-0.72
13.24
40.31% -43.40%
557.6M
527.6M
-5.47% 12.27%
16.41
1.06
14.23% 56.70%
280.9M
119.9M
22.96% 200.00%
-11.54
2.34
-35.41% 42.21%
88.9M
94.5M
45.11% -0.37%
-4.75
0.94
-10.30% -26446.48%

Gates Industrial Corp PLC News

Latest updates
Defense World04 Dec 202309:16 am4 days ago
GuruFocus.com17 Aug 202307:00 am3 months ago
Marketscreener.com14 Feb 202308:00 am9 months ago
TribLIVE22 Nov 202108:00 am2 years ago
Benzinga12 Feb 202104:34 am2 years ago
24/7 Wall St.26 Nov 201808:00 am5 years ago

Financials for Gates Industrial Corp PLC

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-6.8%873936898893861907893816862915881794712577710726747810805792828
Cost Of Revenue-9.3%530584573583551581589529522548536492439373454464474509498482501
Gross Profit-2.6%343353325310310326305286341367346302274204256261272301307310327
  S&GA Expenses-3.3%213221232210200209235210217214212205195183193187192198201185203
EBITDA Margin---0.18*0.17*0.16*0.17*0.18*0.20*0.21*0.20*0.17*0.16*0.16*0.16*0.18*0.19*-----
Interest Expenses-11.2%40.0045.0041.0041.0033.0033.0033.0033.0033.0033.0034.0045.0038.0034.0037.0043.0037.0039.0038.0036.0040.00
Income Taxes-89.6%1.0010.0015.00-6.6011.0012.00-2.20-29.4017.0012.0019.0012.00-16.001.00-16.102.004.0038.00-5391.007.00
Earnings Before Taxes7.0%87.0081.0046.0084.0067.0072.0035.0042.0096.0011795.0045.0030.00-27.2024.0027.0042.0064.0065.0084.0074.00
EBT Margin---0.08*0.07*0.06*0.07*0.08*0.10*0.10*0.09*0.05*0.03*0.02*0.02*0.05*0.06*-----
Net Income21.3%79.0065.0026.0085.0052.0053.0031.0063.0070.0097.0067.0024.0042.00-22.4036.0019.0036.0022.0061476.0060.00
Net Income Margin---0.06*0.06*0.06*0.06*0.07*0.09*0.07*0.07*0.04*0.03*0.03*0.02*0.04*0.22*-----
Free Cashflow---41.0022877.006.00-12214886.00114-42.1016240.0030.0019.00182-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-2.3%7,1097,2777,2827,1927,0397,1987,3997,5337,5067,4997,3767,4267,3367,1767,1857,4117,2867,4307,4386,7236,719
  Current Assets-2.4%2,3182,3742,3572,2772,2172,2472,2072,2792,2232,1231,9991,9072,0461,9591,9981,9591,8641,8661,8361,8151,717
    Cash Equivalents-0.9%560565595578395396410661543476450524675641627637457412335425298
  Inventory0.3%646644659656687696718683651589536508486499484475508545560538527
  Net PPE-----------------721748757756762
  Goodwill-1.7%1,9842,0182,0151,9811,9051,9732,0502,0632,0742,1032,0872,1202,0221,9831,9582,0612,0242,0672,0552,0462,094
Liabilities-4.9%3,6973,8863,7293,7483,7953,8954,0234,0524,1054,1354,1464,2414,3814,3354,3434,4014,3564,4484,4764,3894,392
  Current Liabilities-2.2%780798738752747772789856842841757726654629668658583641642679654
    LT Debt, Current-24.5%28.0037.0028.0037.0028.0038.0029.0038.0030.0039.0030.0043.0050.0064.0055.0046.0044.0041.0034.0052.0033.00
    LT Debt, Non Current-4.1%2,4182,5212,4232,4262,4672,5342,5732,5272,5422,5602,6302,6662,9282,9072,9022,9122,9102,9352,9292,9532,963
Shareholder's Equity11.1%3,4123,0703,5543,1102,9363,3033,3763,4813,4023,3643,2303,1852,9552,8422,8413,0112,9302,9832,9622,3342,327
  Retained Earnings6.0%1,3991,3211,5091,4831,3981,3461,4151,4381,3861,3161,2191,1511,1271,0851,1081,0721,0531,017996382307
  Additional Paid-In Capital0.1%2,5762,5732,5602,5422,5332,5242,5052,4842,4782,4712,4632,4572,4512,4452,4402,4352,4312,4262,4212,4172,416
Shares Outstanding0.2%264264285283282282289291292292292291291291291290290290290290290
Minority Interest0.2%321321339334308345381382385380378379357344357360353372383386389
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-18.0%107,800,000131,400,00052,500,000247,000,000100,600,00023,600,000-105,400,000168,900,000101,700,000135,800,000-24,000,000181,500,00055,900,00040,500,00031,100,000203,700,00081,400,000111,500,000-47,700,000171,200,00048,400,000
  Share Based Compensation-51.5%3,300,0006,800,0009,500,0009,500,0007,200,0003,500,00024,100,0006,100,0005,700,0006,500,0006,300,0006,300,0004,900,0005,700,0002,900,0004,500,0004,100,0003,800,0002,600,000500,0002,300,000
Cashflow From Investing-50.9%-16,900,000-11,200,000-29,900,000-19,200,000-28,900,000-17,600,000-25,000,000-15,400,000-20,000,000-21,400,000-29,200,000-23,900,000-16,500,000-12,500,000-24,600,000-8,400,000-22,100,000-15,800,000-31,700,000-29,500,000-40,400,000
Cashflow From Financing48.6%-81,300,000-158,300,000-2,100,000-76,100,000-49,700,000-11,500,000-115,800,000-34,600,000-11,100,000-87,800,000-15,100,000-322,100,000-12,800,000-16,000,000-2,900,000-19,200,000-8,800,000-18,200,000-13,100,000-11,800,000-14,100,000
  Buy Backs-99.6%1,050,000253,800,000-100,000-600,000175,200,00010,600,000-------------

GTES Income Statement

2023-09-30
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Income Statement [Abstract]    
Net sales$ 872.9$ 860.7$ 2,706.9$ 2,660.9
Cost of sales529.5551.21,685.71,720.3
Gross profit343.4309.51,021.2940.6
Selling, general and administrative expenses213.4199.7666.2644.0
Transaction-related expenses1.30.72.12.0
Asset impairments0.10.50.11.1
Restructuring expenses2.64.710.38.4
Other operating expense0.10.10.20.2
Operating income from continuing operations125.9103.8342.3284.9
Interest expense39.533.3124.898.9
Other (income) expense(0.2)3.13.811.8
Income from continuing operations before taxes86.667.4213.7174.2
Income tax expense1.011.425.921.5
Net income from continuing operations85.656.0187.8152.7
Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0, and $00.10.00.50.3
Net income85.556.0187.3152.4
Less: non-controlling interests6.84.117.316.5
Net income attributable to shareholders$ 78.7$ 51.9$ 170.0$ 135.9
Basic    
Earnings per share from continuing operations (in usd per share)$ 0.30$ 0.18$ 0.62$ 0.48
Earnings per share from discontinued operations (in usd per share)0000
Earnings per share (in usd per share)0.300.180.620.48
Diluted    
Earnings per share from continuing operations (in usd per share)0.290.180.610.47
Earnings per share from discontinued operations (in usd per share)0000
Earnings per share (in usd per share)$ 0.29$ 0.18$ 0.61$ 0.47

GTES Balance Sheet

2023-09-30
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 556.8$ 578.4
Trade accounts receivable, net821.9808.6
Inventories646.1656.2
Taxes receivable50.013.0
Prepaid expenses and other assets243.1221.2
Total current assets2,317.92,277.4
Non-current assets  
Property, plant and equipment, net615.7637.5
Goodwill1,984.31,981.1
Pension surplus9.810.1
Intangible assets, net1,399.61,490.4
Right-of-use assets121.3132.2
Taxes receivable15.115.1
Deferred income taxes607.8600.3
Other non-current assets37.847.5
Total assets7,109.37,191.6
Current liabilities  
Debt, current portion27.736.6
Trade accounts payable441.1469.6
Taxes payable68.323.5
Accrued expenses and other current liabilities243.3222.6
Total current liabilities780.4752.3
Non-current liabilities  
Debt, less current portion2,417.72,426.4
Post-retirement benefit obligations72.376.2
Lease liabilities111.9121.9
Taxes payable65.079.5
Deferred income taxes165.5192.0
Other non-current liabilities84.299.7
Total liabilities3,697.03,748.0
Commitments and contingencies (Note 18)
Shareholders’ equity  
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 264,094,061 (December 31, 2022: authorized shares: 3,000,000,000; outstanding shares: 282,578,917)2.62.8
—Additional paid-in capital2,575.72,542.1
—Accumulated other comprehensive loss(886.4)(917.8)
—Retained earnings1,399.31,482.9
Total shareholders’ equity3,091.23,110.0
Non-controlling interests321.1333.6
Total equity3,412.33,443.6
Total liabilities and equity$ 7,109.3$ 7,191.6
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
 WEBSITEwww.gates.com
 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 Thu Dec 07 2023, market cap of Gates Industrial Corp PLC is 3.24 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. 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 Thu Dec 07 2023, GTES's PE ratio (Price to Earnings) is 12.69 and Price to Sales (PS) ratio is 0.9. 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.