Gates Industrial Corporation plc(GTES) Stock Research - Grey Stern Research
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Gates Industrial Corporation plc (GTES) Stock Analysis

$17.15 (0.47%)

GTES Financial Performance


Use the table below to view Gates Industrial Corporation plc's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $16.93 -
52 Week Low $10.68 -
52 Week High $19.07 -
Market Cap $4.8 Billion 6/14
Gross Margin 41% 5/14
Profit Margin 8% 8/14
EBITDA margin 22% 5/14
Q2 - 2024 Revenue $885.5 Million 4/14
Q2 - 2024 Earnings $71.0 Million 6/14
Q2 - 2024 Free Cash Flow $66.6 Million 6/14
Trailing 4 Quarters Revenue $3.5 Billion 3/14
Trailing 4 Quarters Earnings $252.6 Million 7/14
Quarterly Earnings Growth 9% 3/14
Annual Earnings Growth 75% 3/14
Quarterly Revenue Growth -5% 9/14
Annual Revenue Growth -4% 9/14
Cash On Hand $579.7 Million 4/14
Short Term Debt $21.8 Million 6/14
Long Term Debt $2.3 Billion 2/14

Gates Industrial Corporation plc Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Gates Industrial Corporation plc's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 18.87 11/14
PS 1.37 12/14
PB 1.36 14/14
PC 8.22 13/14
Liabilities to Equity 1.11 3/14
ROA 0.04 10/14
ROE 0.08 11/14
Current Ratio 1.99 12/14
Quick Ratio 0.16 6/14
Long Term Debt to Equity 0.73 3/14
Debt to Equity 0.77 3/14
Burn Rate 21.58 2/14
Cash to Cap 0.12 2/14
CCR 0.94 7/14
EV to EBITDA 33.90 14/14
EV to Revenue 1.91 11/14

Company Details

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, personal mobility, and vertical lifts application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, engine systems, and other industrial application platforms; and hydraulics, including hoses, tubing, and fittings, as well as assemblies. The company serves construction, agriculture, energy and resources, automotive, transportation, mobility and recreation, consumer products, and various industrial applications, such as automated manufacturing and logistics systems. 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. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.

CEO: Mr. Ivo Jurek

Website: https://www.gates.com

Address: 1551 Wewatta St Denver, COLORADO

Exchange: New York Stock Exchange

Industry: Specialty Industrial Machinery

Gates Industrial Corporation plc Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Gates Industrial Corporation plc. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Ingersoll Rand Inc. IR $36.7 Billion
IDEX Corporation IEX $15.3 Billion
Donaldson Company, Inc. DCI $8.6 Billion
Graco Inc. GGG $14.2 Billion
ITT Inc. ITT $11.1 Billion
John Bean Technologies Corporation JBT $2.9 Billion
Franklin Electric Co., Inc. FELE $4.5 Billion
Tennant Company TNC $1.8 Billion
CIRCOR International, Inc. CIR $1.1 Billion
The Gorman-Rupp Company GRC $988.3 Million
Luxfer Holdings PLC LXFR $317.7 Million
Omega Flex, Inc. OFLX $507.0 Million
Helios Technologies, Inc. HLIO $1.4 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
GTES Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 885.5 Million $71.0 Million
Q1 2024 $ 862.6 Million $40.0 Million
Q4 2023 $ 863.3 Million $62.9 Million
Q3 2023 $ 872.9 Million $78.7 Million
Q2 2023 $ 936.3 Million $64.9 Million
Q1 2023 $ 897.7 Million $26.4 Million
Q4 2022 $ 893.3 Million $84.9 Million
Q3 2022 $ 860.7 Million $51.9 Million

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GTES Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $579.7 Million $7.0 Billion $2.4 Billion $3.5 Billion
Q1 2024 $522.2 Million $7.0 Billion $2.5 Billion $3.5 Billion
Q4 2023 $720.6 Million $7.3 Billion $2.6 Billion $3.5 Billion
Q3 2023 $556.8 Million $7.1 Billion $2.6 Billion $3.4 Billion
Q2 2023 $565.0 Million $7.3 Billion $2.7 Billion $3.1 Billion
Q1 2023 $594.9 Million $7.3 Billion $2.6 Billion $3.2 Billion
Q4 2022 $578.4 Million $7.2 Billion $2.6 Billion $3.1 Billion
Q3 2022 $395.3 Million $7.0 Billion $150.8 Million $3.2 Billion

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GTES Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $66.6 Million -$27.2 Million $57.5 Million
Q1 2024 -$39.1 Million -$18.1 Million -$201.8 Million
Q4 2023 $165.1 Million -$24.2 Million $163.9 Million
Q3 2023 $90.4 Million -$17.4 Million -$8.1 Million
Q2 2023 $116.2 Million -$15.2 Million -$29.6 Million
Q1 2023 $37.9 Million -$14.6 Million $16.4 Million
Q4 2022 $225.7 Million -$21.3 Million $183.0 Million
Q3 2022 $73.0 Million -$27.6 Million $2.1 Million

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