Gates Industrial Corporation plc
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- Market Cap.:
- $3.91 billion
- Book Value:
- Revenue TTM:
- $3.55 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $1.25 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Capital Expenditure
- $67.60 million
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- Analyst Target Price
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.
Frequently Asked Questions About Gates Industrial Corporation plc
Similar Industry Stocks (Specialty Industrial Machinery)
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.