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gates industrial corporation plc - GTES

GTES

Close Chg Chg %
20.75 0.04 0.17%

Closed Market

20.79

+0.04 (0.17%)

Volume: 3.13M

Last Updated:

Nov 15, 2024, 3:59 PM EDT

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Company Overview: gates industrial corporation plc - GTES

GTES Key Data

Open

$20.58

 Day Range

20.56 - 20.86

52 Week Range

11.24 - 21.54

 Market Cap

$5.28B

Shares Outstanding

254.72M

 Public Float

244.34M

Beta

1.39

 Rev. Per Employee

N/A

P/E Ratio

24.91

 EPS

$0.85

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

3.80M

  

GTES Performance

1 Week
 
 -2.30%
 
1 Month
 
 11.30%
 
3 Months
 
 19.22%
 
1 Year
 
 72.45%
 
5 Years
 
 74.33%
 

GTES Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 11
Full Ratings ➔

About gates industrial corporation plc - GTES

Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. It operates through the following segments: Power Transmission and Fluid Power. The Power Transmission segment includes elastomer drive belts, and related components used to efficiently transfer motion in a broad range of applications. The Fluid Power segment consists of hoses, tubing, and fittings designed to convey hydraulic fluid at high-pressures in both mobile and stationary applications, and high-pressure and fluid transfer hoses used to convey various fluids. The company was founded on September 25, 2017, and is headquartered in Denver, CO.

GTES At a Glance

Gates Industrial Corp. Plc
1144 15th Street
Denver, Colorado 80202
Phone 1-303-744-1911 Revenue 3.57B
Industry Industrial Machinery Net Income 233.50M
Sector Producer Manufacturing 2023 Sales Growth 0.45%
Fiscal Year-end 12 / 2024 Employees 14,700
View SEC Filings

GTES Valuation

P/E Current 24.91
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 15.842
Price to Sales Ratio 1.036
Price to Book Ratio 1.101
Price to Cash Flow Ratio 7.691
Enterprise Value to EBITDA 8.304
Enterprise Value to Sales 1.648
Total Debt to Enterprise Value 0.439

GTES Efficiency

Revenue/Employee 242,870.748
Income Per Employee 15,884.354
Receivables Turnover 4.471
Total Asset Turnover 0.494

GTES Liquidity

Current Ratio 3.081
Quick Ratio 2.251
Cash Ratio 0.929

GTES Profitability

Gross Margin 38.284
Operating Margin 13.758
Pretax Margin 7.991
Net Margin 6.54
Return on Assets 3.233
Return on Equity 7.377
Return on Total Capital 4.022
Return on Invested Capital 4.094

GTES Capital Structure

Total Debt to Total Equity 80.306
Total Debt to Total Capital 44.539
Total Debt to Total Assets 35.647
Long-Term Debt to Equity 78.464
Long-Term Debt to Total Capital 43.517
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Gates Industrial Corporation Plc - GTES

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
2.79B 3.47B 3.55B 3.57B
Sales Growth
-9.53% +24.40% +2.30% +0.45%
Cost of Goods Sold (COGS) incl D&A
1.76B 2.13B 2.30B 2.20B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
218.60M 222.60M 217.20M 217.50M
Depreciation
89.30M 90.00M 88.80M 87.70M
Amortization of Intangibles
129.30M 132.60M 128.40M 129.80M
COGS Growth
-9.46% +21.52% +7.85% -4.25%
Gross Income
1.04B 1.34B 1.25B 1.37B
Gross Income Growth
-9.64% +29.26% -6.54% +9.09%
Gross Profit Margin
+37.13% +38.59% +35.25% +38.28%
2020 2021 2022 2023 5-year trend
SG&A Expense
767.00M 857.10M 859.50M 875.40M
Research & Development
67.20M 70.70M 69.40M 66.00M
Other SG&A
699.80M 786.40M 790.10M 809.40M
SGA Growth
-1.27% +11.75% +0.28% +1.85%
Other Operating Expense
(1.00M) (9.30M) 200.00K 200.00K
Unusual Expense
56.30M 6.90M 3.40M 18.30M
EBIT after Unusual Expense
214.80M 485.90M 389.80M 472.90M
Non Operating Income/Expense
14.20M (900.00K) 13.20M (14.10M)
Non-Operating Interest Income
4.30M 3.20M 3.60M 17.50M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
158.00M 135.30M 145.20M 173.50M
Interest Expense Growth
-4.59% -14.37% +7.32% +19.49%
Gross Interest Expense
158.00M 135.30M 145.20M 173.50M
Interest Capitalized
- - - -
-
Pretax Income
71.00M 349.70M 257.80M 285.30M
Pretax Income Growth
-64.29% +392.54% -26.28% +10.67%
Pretax Margin
+2.54% +10.07% +7.25% +7.99%
Income Tax
(19.30M) 18.40M 14.90M 28.30M
Income Tax - Current - Domestic
5.40M 12.90M 42.00M 18.90M
Income Tax - Current - Foreign
23.00M 99.80M 52.60M 75.10M
Income Tax - Deferred - Domestic
2.00M (61.70M) (54.50M) (48.60M)
Income Tax - Deferred - Foreign
(49.70M) (32.60M) (25.20M) (17.10M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
90.30M 331.30M 242.90M 257.00M
Minority Interest Expense
10.60M 34.20M 21.70M 23.50M
Net Income
79.70M 297.10M 221.20M 233.50M
Net Income Growth
-88.46% +272.77% -25.55% +5.56%
Net Margin Growth
+2.85% +8.55% +6.22% +6.54%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
79.70M 297.10M 221.20M 233.50M
Preferred Dividends
- - - -
-
Net Income Available to Common
79.70M 297.10M 221.20M 233.50M
EPS (Basic)
0.2742 1.0188 0.7787 0.8588
EPS (Basic) Growth
-88.48% +271.55% -23.57% +10.29%
Basic Shares Outstanding
290.68M 291.62M 284.06M 271.88M
EPS (Diluted)
0.2728 0.9994 0.7692 0.8471
EPS (Diluted) Growth
-88.48% +266.35% -23.03% +10.13%
Diluted Shares Outstanding
292.12M 297.29M 287.59M 275.65M
EBITDA
489.70M 715.40M 610.40M 708.70M
EBITDA Growth
-16.13% +46.09% -14.68% +16.10%
EBITDA Margin
+17.53% +20.59% +17.17% +19.85%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 22.091
Number of Ratings 11 Current Quarters Estimate 0.333
FY Report Date 12 / 2024 Current Year's Estimate 1.347
Last Quarter’s Earnings 0.33 Median PE on CY Estimate N/A
Year Ago Earnings 1.36 Next Fiscal Year Estimate 1.579
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 11 9 11 11
Mean Estimate 0.33 0.39 1.35 1.58
High Estimates 0.35 0.43 1.36 1.65
Low Estimate 0.32 0.34 1.33 1.52
Coefficient of Variance 3.86 6.68 0.65 2.81

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 6 6 6
OVERWEIGHT 1 1 1
HOLD 4 4 3
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Gates Industrial Corporation Plc - GTES

Date Name Shares Transaction Value
Nov 8, 2024 Gwen Montgomery Chief Human Resources Officer 27,099 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Nov 8, 2024 Gwen Montgomery Chief Human Resources Officer 71,714 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $7.21 per share 517,057.94
Nov 8, 2024 Gwen Montgomery Chief Human Resources Officer 54,429 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $20.24 per share 1,101,642.96
Jun 19, 2024 John S. Patouhas Chief Accounting Officer 10,000 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 24, 2024 Blackstone Corporate Private Equity 4,763,515 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $16.33 per share 77,788,199.95
May 24, 2024 Blackstone Corporate Private Equity 23,354,919 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $16.33 per share 381,385,827.27
May 24, 2024 Blackstone Corporate Private Equity 22,583,402 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $16.33 per share 368,786,954.66
May 24, 2024 Blackstone Corporate Private Equity 1,097,695 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $16.33 per share 17,925,359.35
May 24, 2024 Blackstone Corporate Private Equity 77,326 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $16.33 per share 1,262,733.58
Mar 15, 2024 Blackstone Corporate Private Equity 2,484 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 153,039 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 750,330 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 750,333 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 725,544 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 2,484 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 153,039 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 35,265 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 750,333 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 2,484 Open market or private sale of non-derivative or derivative security 0.00
Mar 15, 2024 Blackstone Corporate Private Equity 153,039 Open market or private sale of non-derivative or derivative security 0.00

Gates Industrial Corporation Plc in the News