Gates Industrial Corporation plc

Gates Industrial Corporation plc

GTES · NYSE · Industrials / Specialty Industrial Machinery

25.40USD+0.05 (+0.20%)

Price History

Full chart

Market Stats

Previous Close25.35
Open25.71
Day Range25.00 – 26.17
52-Week Range20.88 – 30.34
Volume2.43M
Market Cap6.80B
P/E (TTM)19.05
Forward P/E13.87
EPS1.41
Dividend Yield0.00%
Beta1.26
50-Day Avg26.62
200-Day Avg25.21

About

Gates Industrial Corporation Ltd. manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China. It operates through two segments, Power Transmission and Fluid Power. The company offers solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; elastomer drive belts; asynchronous and synchronous belts, including V-belts, transmission belts, and micro-V belts; metal drive components, such as tensioners, idlers, pulleys, sprockets, mechanical water pumps, and other accessories used in belt drive systems; and kits for the automotive replacement channel. It also provides fluid power solutions for stationary and mobile hydraulics, vehicle systems, and other industrial application platforms; hydraulics comprising hoses, tubing, couplings, and fittings, as well as assemblies; thermal and emissions management and related products; and industrial hoses, including data center pumps. The company's products are used in applications across various markets, including diversified industrial applications comprising automated manufacturing, logistics systems, and data centers; consumer applications consisting of printers, power washers, automatic doors, and vacuum cleaners; industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles, including heavy-duty trucks and buses; energy and resources markets, such as oil, gas, and mining; and personal mobility, including scooters, motorcycles, bicycles, all-terrain vehicles, and snowmobiles. It sells its products under the Gates brand. The company offers its products to aftermarket channel customers and original equipment manufacturers. Gates Industrial Corporation Ltd. was founded in 1911 and is headquartered in Denver, Colorado.

Company Details

  • SectorIndustrials
  • IndustrySpecialty Industrial Machinery
  • CEOMr. Ivo Jurek
  • Employees13.00K
  • Headquarters1144 Fifteenth Street, Denver, CO, United States, 80202, USA
  • Websitehttps://www.gates.com/us/en.html

Leadership

  • Mr. Ivo JurekCEO & Director · b. 1965
  • Mr. L. Brooks Mallard C.F.A.Executive VP & CFO · b. 1967
  • Mr. Thomas G. PitstickSenior VP & President of Americas · b. 1972
  • Mr. John S. PatouhasSenior VP & Chief Accounting Officer · b. 1967
  • Mr. Diego SilvaSenior VP & Chief Digital and Information Officer
  • Mr. Richard Michael Kwas C.F.A.Vice President of Investor Relations
  • Mr. Matthew R. A. HeimanExecutive VP, Chief Legal Officer & Corporate Secretary · b. 1975
  • Ms. Holly PerkinsSenior Vice President of Human Resources
  • Mr. Andy LowPresident of Asia Pacific
  • Mr. Kristian Brok M.Sc.President of EMEA · b. 1965

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.92B2.95B3.04B3.04B2.75B3.04B3.35B3.09B2.79B3.47B3.55B3.57B3.41B3.44B
Growth (%)-+0.84%+3.22%0.00%-9.77%+10.80%+10.06%-7.78%-9.53%+24.40%+2.30%+0.45%-4.54%+1.03%
Cost of Revenue1.87B1.83B2.02B2.02B1.71B1.82B2.02B1.94B1.76B2.14B2.30B2.21B2.05B2.05B
Gross Profit1.05B1.11B1.03B1.03B1.04B1.22B1.33B1.14B1.03B1.34B1.25B1.36B1.36B1.39B
Gross Margin35.99%37.81%33.76%33.76%37.74%40.04%39.75%37.01%37.05%38.54%35.19%38.06%39.86%40.49%
Operating Expense810.90M784.50M1.03B1.03B851.50M815.10M833.80M795.70M823.60M855.10M866.60M896.30M879.80M865.90M
Operating Income240.90M330.00M-400.00K-400.00K184.60M402.90M496.80M346.80M211.10M484.10M384.00M462.60M478.70M528.30M
Operating Margin8.24%11.20%-0.01%-0.01%6.72%13.25%14.84%11.23%7.56%13.93%10.80%12.96%14.05%15.34%
EBITDA469.80M538.70M227.60M296.60M524.20M556.30M697.90M578.80M443.90M705.80M614.40M462.60M677.60M703.00M
EBITDA Margin16.07%18.28%7.48%9.75%19.10%18.29%20.85%18.75%15.89%20.31%17.29%12.96%19.88%20.42%
Net Income-39.00M107.30M-142.10M-142.10M24.90M151.30M245.30M690.10M79.40M297.10M220.80M232.90M194.90M251.40M
Net Income Margin-1.33%3.64%-4.67%-4.67%0.91%4.97%7.33%22.35%2.84%8.55%6.21%6.52%5.72%7.30%
R&D45.60M47.20M-53.80M67.40M68.60M71.40M67.90M67.20M70.70M69.40M66.00M-71.90M
R&D as % of Total Revenue1.56%1.60%-1.77%2.46%2.26%2.13%2.20%2.41%2.03%1.95%1.85%-2.09%
Interest Expense--173.10M173.10M212.60M234.60M199.70M165.60M158.00M135.30M145.20M163.20M170.40M149.00M
Interest Expense % of Total Revenue--5.69%5.69%7.74%7.71%5.97%5.36%5.66%3.89%4.09%4.57%5.00%4.33%

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets5.08B4.95B-6.57B6.57B6.85B6.72B7.41B7.43B7.53B7.19B7.25B6.79B7.15B
Total Liabilities3.14B2.91B-5.37B5.37B5.43B4.39B4.40B4.24B4.05B3.75B3.71B3.45B3.46B
Total Equity1.69B1.80B-1.19B786.30M1.01B1.95B2.65B2.81B3.10B3.11B3.22B3.02B3.33B
Cash431.30M338.10M-335.70M335.70M564.40M423.40M635.30M524.10M660.90M581.40M720.60M682.00M812.10M
Total Debt-1.69B-3.91B3.91B3.96B3.00B3.10B2.84B2.71B2.61B2.56B2.48B2.51B
Net Debt-431.30M1.36B-3.57B3.57B3.39B2.58B2.46B2.32B2.04B2.03B1.84B1.80B1.70B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow438.00M284.30M81.50M81.50M275.90M313.50M313.50M348.90M309.00M382.40M265.80M481.00M379.60M478.10M
Investing Cash Flow1.85B-78.90M-3.80B-3.80B-60.50M-220.60M-243.60M-78.00M-77.50M-86.00M-90.70M-81.80M-104.40M-119.00M
Financing Cash Flow-2.33B-290.30M3.74B3.74B-73.90M-75.30M-198.90M-59.30M-353.80M-148.60M-253.10M-258.30M-286.70M-251.10M
Capital Expenditure103.30M81.90M103.20M103.20M85.80M111.10M182.70M83.10M67.40M87.00M87.00M71.40M83.10M73.20M
Free Cash Flow334.70M202.40M-21.70M-21.70M190.10M202.40M130.80M265.80M241.60M295.40M178.80M409.60M296.50M404.90M
Dividends Paid---4.10B800.00K100.00K35.20M28.80M19.00M26.00M28.70M100.00M--
FCF to OCF76.42%71.19%-26.63%-26.63%68.90%64.56%41.72%76.18%78.19%77.25%67.27%85.16%78.11%84.69%
Dividend Paid to FCF----18893.55%0.42%0.05%26.91%10.84%7.86%8.80%16.05%24.41%--

Earnings

Report DateNov 29, 2017Mar 13, 2018May 2, 2018Aug 1, 2018Nov 1, 2018Feb 12, 2019May 7, 2019Aug 6, 2019Nov 5, 2019Feb 4, 2020May 5, 2020Aug 4, 2020Nov 3, 2020Feb 8, 2021May 10, 2021Aug 9, 2021Nov 8, 2021Feb 7, 2022May 4, 2022Aug 5, 2022Nov 4, 2022Feb 9, 2023May 4, 2023Aug 4, 2023Nov 3, 2023Feb 8, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 6, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 12, 2026May 1, 2026Jul 31, 2026Nov 4, 2026
EPS Estimate0.000.130.190.290.250.270.280.270.160.180.15-0.040.160.190.310.370.310.200.220.270.310.230.260.330.310.280.320.360.310.330.330.380.370.370.330.380.42
EPS Actual0.190.220.250.380.300.360.280.260.220.190.210.030.260.200.330.420.310.310.260.320.310.250.250.360.350.390.310.360.330.360.360.390.390.380.350.41-
Surprise-69.23%31.58%31.03%20.00%33.33%0.00%-3.70%37.50%5.56%40.00%175.00%62.50%5.26%6.45%13.51%0.00%55.00%18.18%18.52%0.00%8.70%-3.85%9.09%12.90%39.29%-3.13%0.00%6.45%9.09%9.09%2.63%5.41%2.70%6.06%7.89%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap6.80B
Enterprise Value8.21B
Trailing P/E19.05
Forward P/E13.87
Price / Sales1.94
Price / Book1.89
EPS1.41
Book Value13.91
Revenue (TTM)3.50B
Gross Profit (TTM)1.42B
EBITDA739.80M
Profit Margin10.37%
Operating Margin15.35%
Return on Equity10.38%
Return on Assets4.44%
Shares Outstanding253.15M
Shares Float247.59M
Beta1.26
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 11 analystsTarget 33.33
  • Strong Buy
    6
  • Buy
    2
  • Hold
    3

Ownership Breakdown

Institutions
103.07%
Insiders
1.98%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    29.73M11.74%
  • FMR Inc
    18.01M7.12%
  • Vanguard Portfolio Management, LLC
    13.09M5.17%
  • Allspring Global Investments Holdings, LLC
    12.13M4.79%
  • Dimensional Fund Advisors, Inc.
    11.93M4.71%
  • Vanguard Capital Management, LLC
    11.42M4.51%
  • Neuberger Berman Group LLC
    8.08M3.19%
  • State Street Corp
    8.07M3.19%
  • Franklin Templeton Inc
    7.61M3.01%
  • JPMorgan Chase & Co
    7.56M2.99%
  • Amvescap Plc.
    6.58M2.60%
  • Fiduciary Management, Inc. of Milwaukee
    6.19M2.44%
  • HHG PLC
    5.23M2.07%
  • UBS Asset Mgmt Americas Inc
    4.89M1.93%
  • Geode Capital Management, LLC
    4.50M1.78%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    15.47M6.11%
  • Allspring Special Mid Cap Value Inst
    9.69M3.83%
  • Vanguard MStar Total Stk Mkt Idx Invest
    8.10M3.20%
  • Vanguard Small Cap Index
    5.85M2.31%
  • Fidelity Low-Priced Stock
    4.34M1.71%