Gates Industrial Corporation plc

Company Profile

Gates Industrial Corporation plc had its IPO on 2018-01-25 under the ticker symbol GTES.

The company operates in the Industrials sector and Specialty Industrial Machinery industry. Gates Industrial Corporation plc has a staff strength of 15,000 employees.

Stock update

Shares of Gates Industrial Corporation plc opened at $13.78 at the start of the last trading session i.e. 2023-03-31.

The stocks traded within a range of $13.72 - $13.89, and closed at $13.89.

This is a +1.68% increase from the previous day's closing price.

A total volume of 480,087 shares were traded at the close of the day’s session.

In the last one week, shares of Gates Industrial Corporation plc have increased by +5.95%.

Gates Industrial Corporation plc's Key Ratios

Gates Industrial Corporation plc has a market cap of $3.91 billion, indicating a price to book ratio of 1.0486 and a price to sales ratio of 0.8839.

In the last 12-months Gates Industrial Corporation plc’s revenue was $3.55 billion with a gross profit of $1.25 billion and an EBITDA of $617.10 million. The EBITDA ratio measures Gates Industrial Corporation plc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Gates Industrial Corporation plc’s operating margin was 11.25% while its return on assets stood at 3.4% with a return of equity of 7.01%.

In Q4, Gates Industrial Corporation plc’s quarterly earnings growth was a positive 43.5% while revenue growth was a positive 9.5%.

Gates Industrial Corporation plc’s PE and PEG Ratio

Forward PE

9.4787

Trailing PE

17.7403

PEG

Its diluted EPS in the last 12-months stands at $0.77 per share while it has a forward price to earnings multiple of 9.4787 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Gates Industrial Corporation plc’s profitability.

Gates Industrial Corporation plc stock is trading at a EV to sales ratio of 1.5249 and a EV to EBITDA ratio of 9.4801. Its price to sales ratio in the trailing 12-months stood at 0.8839.

Gates Industrial Corporation plc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$7.19 billion

Total Liabilities

$752.30 million

Operating Cash Flow

$-19200000.00

Capital Expenditure

$67.60 million

Dividend Payout Ratio

0%

Gates Industrial Corporation plc ended 2023 with $7.19 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.19 billion while shareholder equity stood at $3.11 billion.

Gates Industrial Corporation plc ended 2023 with $192.00 million in deferred long-term liabilities, $752.30 million in other current liabilities, 2800000.00 in common stock, $1.48 billion in retained earnings and $1.98 billion in goodwill. Its cash balance stood at $578.40 million and cash and short-term investments were $578.40 million. The company’s total short-term debt was $36,600,000 while long-term debt stood at $2.43 billion.

Gates Industrial Corporation plc’s total current assets stands at $2.28 billion while long-term investments were $15.10 million and short-term investments were $0. Its net receivables were $821.60 million compared to accounts payable of $469.60 million and inventory worth $656.20 million.

In 2023, Gates Industrial Corporation plc's operating cash flow was $-19200000.00 while its capital expenditure stood at $67.60 million.

Comparatively, Gates Industrial Corporation plc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$13.89

52-Week High

$14.94

52-Week Low

$9.4

Analyst Target Price

$15.61

Gates Industrial Corporation plc stock is currently trading at $13.89 per share. It touched a 52-week high of $14.94 and a 52-week low of $14.94. Analysts tracking the stock have a 12-month average target price of $15.61.

Its 50-day moving average was $13.57 and 200-day moving average was $11.83 The short ratio stood at 3.09 indicating a short percent outstanding of 0%.

Around 35.7% of the company’s stock are held by insiders while 10153.3% are held by institutions.