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Gates Industrial Corporation PLC (GTES)

Stock Price: $11.56 USD -0.37 (-3.10%)
Updated Oct 26, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 3.36B
Revenue (ttm) 2.76B
Net Income (ttm) 68.10M
Shares Out 290.76M
EPS (ttm) 0.24
PE Ratio 48.17
Forward PE 16.08
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 26, 2020
Last Price $11.56
Previous Close $11.93
Change ($) -0.37
Change (%) -3.10%
Day's Open 11.70
Day's Range 11.42 - 11.74
Day's Volume 100,642
52-Week Range 5.42 - 14.30

More Stats

Market Cap 3.36B
Enterprise Value 5.80B
Earnings Date (est) Nov 3, 2020
Ex-Dividend Date n/a
Shares Outstanding 290.76M
Float 43.85M
EPS (basic) 0.23
EPS (diluted) 0.24
FCF / Share 1.03
Dividend n/a
Dividend Yield n/a
Earnings Yield 2.08%
FCF Yield 8.88%
Payout Ratio n/a
Shares Short 311,236
Short Ratio 1.50
Short % of Float 0.71%
Beta 1.94
PE Ratio 48.17
Forward PE 16.08
P/FCF Ratio 11.26
PS Ratio 1.22
PB Ratio 1.38
Revenue 2.76B
Operating Income 208.20M
Net Income 68.10M
Free Cash Flow 298.40M
Net Cash -2.44B
Net Cash / Share -8.40
Gross Margin 41.60%
Operating Margin 7.55%
Profit Margin 2.50%
FCF Margin 10.82%
ROA 2.12%
ROE 2.58%
ROIC 4.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (9)

Buy 7
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$14.39*
(24.48% upside)
Low
13.0
Current: $11.56
High
16.0
Target: 14.39
*Average 12-month price target from 9 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015
Revenue3,0873,3483,0422,7472,745
Revenue Growth-7.78%10.06%10.73%0.07%-
Gross Profit1,1431,3311,2181,0611,036
Operating Income347497403309185
Net Income69024515157.7024.90
Shares Outstanding290290284284-
Earnings Per Share2.370.840.600.230.10
EPS Growth182.14%40%160.87%130%-
Operating Cash Flow349314320377276
Capital Expenditures-72.10-166-101-53.80-75.80
Free Cash Flow277147219323200
Cash & Equivalents635423564527344
Total Debt3,0753,0053,9563,8373,909
Net Cash / Debt-2,439-2,582-3,391-3,310-3,566
Assets7,4116,7236,8546,3836,566
Liabilities4,4014,3895,4255,3155,373
Book Value2,6511,9471,015691786
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Gates Industrial Corporation PLC
Country United States
Employees 14,700
CEO Ivo Jurek

Stock Information

Ticker Symbol GTES
Stock Exchange New York Stock Exchange
Sector Industrials
Industry Specialty Industrial Machinery
Unique Identifier NYSE: GTES
IPO Date January 25, 2018

Description

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. 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; and metal drive components and kits for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms. It also provides fluid power products comprising hydraulic hoses, tubing, and fittings, as well as assemblies; and engine and industrial hoses for use in stationary hydraulics, mobile hydraulics, engine systems, and other industrial applications. The company serves various end markets comprising the construction, agriculture, energy, automotive, transportation, general industrial, consumer products, and others. It sells its engineered products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers as specified components. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.