Gates Industrial Corporation plc (GTES)
NYSE: GTES · IEX Real-Time Price · USD
16.04
-0.04 (-0.25%)
At close: Jun 17, 2024, 4:00 PM
16.37
+0.33 (2.06%)
Pre-market: Jun 18, 2024, 7:37 AM EDT

GTES Statistics

Total Valuation

GTES has a market cap or net worth of $4.19 billion. The enterprise value is $6.12 billion.

Market Cap 4.19B
Enterprise Value 6.12B

Important Dates

The next estimated earnings date is Friday, August 2, 2024, before market open.

Earnings Date Aug 2, 2024
Ex-Dividend Date n/a

Share Statistics

GTES has 261.38 million shares outstanding. The number of shares has decreased by -6.49% in one year.

Shares Outstanding 261.38M
Shares Change (YoY) -6.49%
Shares Change (QoQ) +0.06%
Owned by Insiders (%) 0.90%
Owned by Institutions (%) 97.18%
Float 207.01M

Valuation Ratios

The trailing PE ratio is 17.82 and the forward PE ratio is 10.60.

PE Ratio 17.82
Forward PE 10.60
PS Ratio 1.19
Forward PS 1.14
PB Ratio 1.32
P/FCF Ratio 12.22
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.12, with an EV/FCF ratio of 17.85.

EV / Earnings 24.84
EV / Sales 1.73
EV / EBITDA 9.12
EV / EBIT 13.49
EV / FCF 17.85

Financial Position

The company has a current ratio of 3.06, with a Debt / Equity ratio of 0.77.

Current Ratio 3.06
Quick Ratio 1.76
Debt / Equity 0.77
Debt / EBITDA 3.65
Debt / FCF 7.15
Interest Coverage 2.84

Financial Efficiency

Return on equity (ROE) is 7.90% and return on invested capital (ROIC) is 7.27%.

Return on Equity (ROE) 7.90%
Return on Assets (ROA) 3.40%
Return on Capital (ROIC) 7.27%
Revenue Per Employee $240,483
Profits Per Employee $16,769
Employee Count 14,700
Asset Turnover 0.49
Inventory Turnover 3.25

Taxes

In the past 12 months, GTES has paid $47.50 million in taxes.

Income Tax 47.50M
Effective Tax Rate 16.16%

Stock Price Statistics

The stock price has increased by +23.48% in the last 52 weeks. The beta is 1.44, so GTES's price volatility has been higher than the market average.

Beta (1Y) 1.44
52-Week Price Change +23.48%
50-Day Moving Average 17.06
200-Day Moving Average 14.08
Relative Strength Index (RSI) 35.95
Average Volume (30 Days) 2,765,306

Short Selling Information

The latest short interest is 9.64 million, so 3.69% of the outstanding shares have been sold short.

Short Interest 9.64M
Short Previous Month 8.40M
Short % of Shares Out 3.69%
Short % of Float 4.66%
Short Ratio (days to cover) 4.40

Income Statement

In the last 12 months, GTES had revenue of $3.54 billion and earned $246.50 million in profits. Earnings per share was $0.90.

Revenue 3.54B
Gross Profit 1.36B
Operating Income 488.30M
Pretax Income 294.00M
Net Income 246.50M
EBITDA 671.50M
EBIT 453.90M
Earnings Per Share (EPS) $0.90
Full Income Statement

Balance Sheet

The company has $522.20 million in cash and $2.45 billion in debt, giving a net cash position of -$1.93 billion or -$7.39 per share.

Cash & Cash Equivalents 522.20M
Total Debt 2.45B
Net Cash -1.93B
Net Cash Per Share -$7.39
Equity / Book Value 3.18B
Book Value Per Share 12.16
Working Capital 1.54B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $407.50 million and capital expenditures -$64.40 million, giving a free cash flow of $343.10 million.

Operating Cash Flow 407.50M
Capital Expenditures -64.40M
Free Cash Flow 343.10M
FCF Per Share $1.30
Full Cash Flow Statement

Margins

Gross margin is 38.58%, with operating and profit margins of 13.81% and 6.97%.

Gross Margin 38.58%
Operating Margin 13.81%
Pretax Margin 8.32%
Profit Margin 6.97%
EBITDA Margin 19.00%
EBIT Margin 12.84%
FCF Margin 9.71%

Dividends & Yields

GTES does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 6.49%
Shareholder Yield 6.49%
Earnings Yield 5.88%
FCF Yield 8.18%
Dividend Details

Analyst Forecast

The average price target for GTES is $19.00, which is 18.45% higher than the current price. The consensus rating is "Buy".

Price Target $19.00
Price Target Difference 18.45%
Analyst Consensus Buy
Analyst Count 9
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

GTES has an Altman Z-Score of 1.97 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.97
Piotroski F-Score 7