gates industrial corporation plc - GTES
GTES
Close Chg Chg %
19.03 0.75 3.94%
Closed Market
19.78
+0.75 (3.94%)
Volume: 3.05M
Last Updated:
May 2, 2025, 3:59 PM EDT
Company Overview: gates industrial corporation plc - GTES
GTES Key Data
| Open $19.33 | Day Range 19.26 - 19.93 |
| 52 Week Range 14.70 - 23.85 | Market Cap $4.91B |
| Shares Outstanding 257.71M | Public Float 253.22M |
| Beta 1.23 | Rev. Per Employee N/A |
| P/E Ratio 25.79 | EPS $0.75 |
| Yield 0.00% | Dividend N/A |
| EX-DIVIDEND DATE | SHORT INTEREST N/A |
| AVERAGE VOLUME 2.92M |
GTES Performance
| 1 Week | 9.89% | ||
| 1 Month | 25.21% | ||
| 3 Months | -12.41% | ||
| 1 Year | 22.19% | ||
| 5 Years | 137.33% |
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 | 3.41B | |
| Industry | Industrial Machinery | Net Income | 195.50M | |
| Sector | Producer Manufacturing | Employees | 14,100 | |
| Fiscal Year-end | 12 / 2025 | |||
| View SEC Filings |
GTES Valuation
| P/E Current | 25.792 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 27.62 |
| Price to Sales Ratio | 1.584 |
| Price to Book Ratio | 1.722 |
| Price to Cash Flow Ratio | 14.224 |
| Enterprise Value to EBITDA | 10.371 |
| Enterprise Value to Sales | 2.211 |
| Total Debt to Enterprise Value | 0.332 |
GTES Efficiency
| Revenue/Employee | 241,716.312 |
| Income Per Employee | 13,865.248 |
| Receivables Turnover | 4.536 |
| Total Asset Turnover | 0.485 |
GTES Liquidity
| Current Ratio | 3.196 |
| Quick Ratio | 2.259 |
| Cash Ratio | 0.949 |
GTES Profitability
| Gross Margin | 40.567 |
| Operating Margin | 14.955 |
| Pretax Margin | 9.624 |
| Net Margin | 5.736 |
| Return on Assets | 2.785 |
| Return on Equity | 6.262 |
| Return on Total Capital | 3.536 |
| Return on Invested Capital | 3.488 |
GTES Capital Structure
| Total Debt to Total Equity | 82.835 |
| Total Debt to Total Capital | 45.306 |
| Total Debt to Total Assets | 36.907 |
| Long-Term Debt to Equity | 80.708 |
| Long-Term Debt to Total Capital | 44.143 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Gates Industrial Corporation Plc - GTES
Collapse All in section
| All values USD millions. | 2021 | 2022 | 2023 | 2024 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 3.47B | 3.55B | 3.57B | 3.41B | |
Sales Growth
| +24.40% | +2.30% | +0.45% | -4.54% | |
Cost of Goods Sold (COGS) incl D&A
| 2.13B | 2.30B | 2.20B | 2.03B | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 222.60M | 217.20M | 217.50M | 216.90M | |
Depreciation
| 90.00M | 88.80M | 87.70M | 88.30M | |
Amortization of Intangibles
| 132.60M | 128.40M | 129.80M | 128.60M | |
COGS Growth
| +21.52% | +7.85% | -4.25% | -8.07% | |
Gross Income
| 1.34B | 1.25B | 1.37B | 1.38B | |
Gross Income Growth
| +29.26% | -6.54% | +9.09% | +1.16% | |
Gross Profit Margin
| +38.59% | +35.25% | +38.28% | +40.57% |
| 2021 | 2022 | 2023 | 2024 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 857.10M | 859.50M | 875.40M | 872.90M | |
Research & Development
| 70.70M | 69.40M | 66.00M | 66.50M | |
Other SG&A
| 786.40M | 790.10M | 809.40M | 806.40M | |
SGA Growth
| +11.75% | +0.28% | +1.85% | -0.29% | |
Other Operating Expense
| - | (9.30M) | 200.00K | 200.00K | |
Unusual Expense
| 6.90M | 3.40M | 18.30M | 16.40M | |
EBIT after Unusual Expense
| 485.90M | 389.80M | 472.90M | 493.30M | |
Non Operating Income/Expense
| (900.00K) | 13.20M | (14.10M) | 5.10M | |
Non-Operating Interest Income
| 3.20M | 3.60M | 17.50M | 13.70M | |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Interest Expense
| 135.30M | 145.20M | 173.50M | 170.40M | |
Interest Expense Growth
| -14.37% | +7.32% | +19.49% | -1.79% | |
Gross Interest Expense
| 135.30M | 145.20M | 173.50M | 170.40M | |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 349.70M | 257.80M | 285.30M | 328.00M | |
Pretax Income Growth
| +392.54% | -26.28% | +10.67% | +14.97% | |
Pretax Margin
| +10.07% | +7.25% | +7.99% | +9.62% | |
Income Tax
| 18.40M | 14.90M | 28.30M | 107.50M | |
Income Tax - Current - Domestic
| 12.90M | 42.00M | 18.90M | 44.50M | |
Income Tax - Current - Foreign
| 99.80M | 52.60M | 75.10M | 75.10M | |
Income Tax - Deferred - Domestic
| (61.70M) | (54.50M) | (48.60M) | (36.00M) | |
Income Tax - Deferred - Foreign
| (32.60M) | (25.20M) | (17.10M) | 23.90M | |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| 331.30M | 242.90M | 257.00M | 220.50M | |
Minority Interest Expense
| 34.20M | 21.70M | 23.50M | 25.00M | |
Net Income
| 297.10M | 221.20M | 233.50M | 195.50M | |
Net Income Growth
| +272.77% | -25.55% | +5.56% | -16.27% | |
Net Margin Growth
| +8.55% | +6.22% | +6.54% | +5.74% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 297.10M | 221.20M | 233.50M | 195.50M | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 297.10M | 221.20M | 233.50M | 195.50M | |
EPS (Basic)
| 1.0188 | 0.7787 | 0.8588 | 0.7534 | |
EPS (Basic) Growth
| +271.55% | -23.57% | +10.29% | -12.27% | |
Basic Shares Outstanding
| 291.62M | 284.06M | 271.88M | 259.48M | |
EPS (Diluted)
| 0.9994 | 0.7692 | 0.8471 | 0.7386 | |
EPS (Diluted) Growth
| +266.35% | -23.03% | +10.13% | -12.81% | |
Diluted Shares Outstanding
| 297.29M | 287.59M | 275.65M | 264.68M | |
EBITDA
| 715.40M | 610.40M | 708.70M | 726.60M | |
EBITDA Growth
| +46.09% | -14.68% | +16.10% | +2.53% | |
EBITDA Margin
| +20.59% | +17.17% | +19.85% | +21.32% |
Snapshot
| Average Recommendation | OVERWEIGHT | Average Target Price | 23.364 | |
| Number of Ratings | 11 | Current Quarters Estimate | 0.371 | |
| FY Report Date | 06 / 2025 | Current Year's Estimate | 1.43 | |
| Last Quarter’s Earnings | 0.36 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 1.39 | Next Fiscal Year Estimate | 1.661 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 11 | 11 | 11 | 11 |
| Mean Estimate | 0.37 | 0.34 | 1.43 | 1.66 |
| High Estimates | 0.39 | 0.37 | 1.50 | 1.85 |
| Low Estimate | 0.33 | 0.32 | 1.33 | 1.55 |
| Coefficient of Variance | 4.41 | 4.42 | 3.23 | 4.88 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 6 | 6 | 6 |
| OVERWEIGHT | 2 | 2 | 2 |
| HOLD | 3 | 3 | 3 |
| UNDERWEIGHT | 0 | 0 | 0 |
| SELL | 0 | 0 | 0 |
| MEAN | Overweight | Overweight | Overweight |
SEC Filings for Gates Industrial Corporation Plc - GTES
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Gates Industrial Corporation Plc - GTES
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Apr 7, 2025 | Ivo Jurek Chief Executive Officer; Director | 250,000 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Apr 7, 2025 | Ivo Jurek Chief Executive Officer; Director | 1,620,309 | 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 $19.24 per share | 31,174,745.16 |
| Apr 7, 2025 | Ivo Jurek Chief Executive Officer; Director | 2,176,696 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $9.84 per share | 21,418,688.64 |
| Apr 4, 2025 | Thomas G. Pitstick President, Americas | 34,685 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Apr 4, 2025 | Thomas G. Pitstick President, Americas | 34,685 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Apr 4, 2025 | Thomas G. Pitstick President, Americas | 170,795 | 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 $18.57 per share | 3,171,663.15 |
| Apr 4, 2025 | Thomas G. Pitstick President, Americas | 202,605 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $6.56 per share | 1,329,088.80 |
| Apr 4, 2025 | Thomas G. Pitstick President, Americas | 152,605 | 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 $18.57 per share | 2,833,874.85 |
| Apr 4, 2025 | Thomas G. Pitstick President, Americas | 189,383 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $9.84 per share | 1,863,528.72 |
| Apr 2, 2025 | Joseph S. Cantie Director | 7,871 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 12, 2025 | Fredrik J. Eliasson Director | 188,452 | Open market or private purchase of non-derivative security Non-derivative transaction at $19.56 per share | 3,686,121.12 |
| Mar 12, 2025 | Ivo Jurek Chief Executive Officer; Director | 680,894 | 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 $19.84 per share | 13,508,936.96 |
| Mar 12, 2025 | Ivo Jurek Chief Executive Officer; Director | N/A | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 12, 2025 | Ivo Jurek Chief Executive Officer; Director | N/A | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 7, 2025 | Wilson S. Neely Director | 123,104 | 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 per share | 2,462,080.00 |
| Mar 7, 2025 | Neil P. Simpkins Director | 31,191 | 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 per share | 623,820.00 |
| Mar 7, 2025 | Lawrence Brooks Mallard Chief Financial Officer | 184,873 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 7, 2025 | Lawrence Brooks Mallard Chief Financial Officer | 177,627 | 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 per share | 3,552,540.00 |
| Mar 7, 2025 | Alicia L. Tillman Director | 41,068 | 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 per share | 821,360.00 |
| Mar 7, 2025 | Gwen Montgomery Chief Human Resources Officer | 60,957 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |