Gates Industrial Corporation plc (GTES)

NYSE
Currency in USD
23.22
+2.45(+11.80%)
Closed
Pre Market
22.77-0.45(-1.94%)
GTES Scorecard
Full Analysis
Net income is expected to grow this year
Unusual trading volume
Fair Value
Day's Range
20.8923.24
52 wk Range
12.4123.34
Key Statistics
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Prev. Close
23.22
Open
20.98
Day's Range
20.89-23.24
52 wk Range
12.41-23.34
Volume
6.24M
Average Volume (3m)
2.41M
1-Year Change
75.11%
Book Value / Share
12.24
Fair Value
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Fair Value Upside
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GTES Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
24.45
Upside
+5.32%
Members' Sentiments
Bearish
Bullish
ProTips
6 analysts have revised their earnings downwards for the upcoming period
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Gates Industrial Corporation plc Company Profile

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, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, coupling, and fittings, as well as assemblies. The company’s products are used in applications across various markets, including industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles comprising heavy-duty trucks and buses, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. It offers its products to replacement channel customers, as well as to original equipment manufacturers. The company was founded in 1911 and is headquartered in Denver, Colorado.

Gates Industrial Corporation plc SWOT Analysis


Margin Expansion
Gates Industrial poised for significant margin growth through strategic initiatives, with analysts projecting a 400 basis points expansion
Resilient Aftermarket
Explore how Gates' strong aftermarket business, comprising 65% of revenue, provides stability and growth potential in cyclical markets
Market Opportunities
Delve into Gates' positioning to capitalize on chain-to-belt conversion trends and the growing datacenter liquid cooling market
Analyst Outlook
Discover varied analyst perspectives, with price targets ranging from $16 to $26, reflecting diverse views on Gates' future performance
Read full SWOT analysis

Gates Industrial Corporation plc Earnings Call Summary for Q3/2024

  • Core sales down 3.8% to $831M; adjusted EBITDA at $183M with 22% margin
  • Raised adjusted EPS guidance to $1.35; returned $125M to shareholders via buybacks
  • Expects $40M annual savings from footprint optimization by end of 2025
  • Anticipates low to mid-single digit core sales decline in 2024; optimistic for 2025
  • Targeting innovations in mobility and fluid conveyance; preparing for future M&A
Last Updated: 2024/10/30, 20:34
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Compare GTES to Peers and Sector

Metrics to compare
GTES
Peers
Sector
Relationship
P/E Ratio
30.3x13.4x11.9x
PEG Ratio
−2.540.220.03
Price/Book
2.0x1.3x1.4x
Price / LTM Sales
1.7x0.6x1.2x
Upside (Analyst Target)
7.7%32.7%23.7%
Fair Value Upside
Unlock2.9%6.6%Unlock

Analyst Ratings

8 Buy
3 Hold
0 Sell
Ratings:
11 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 24.45
(+5.32% Upside)

Earnings

Latest Release
Feb 06, 2025
EPS / Forecast
0.36 / 0.33
Revenue / Forecast
829.40M / 832.19M
EPS Revisions
Last 90 days

FAQ

What Is the Gates Industrial Corp (GTES) Stock Price Today?

The Gates Industrial Corp stock price today is 23.22

What Stock Exchange Does Gates Industrial Corp Trade On?

Gates Industrial Corp is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Gates Industrial Corp?

The stock symbol for Gates Industrial Corp is "GTES."

What Is the Gates Industrial Corp Market Cap?

As of today, Gates Industrial Corp market cap is 5.93B.

What is Gates Industrial Corp Earnings Per Share?

The Gates Industrial Corp EPS is 0.75.

What Is the Next Gates Industrial Corp Earnings Date?

Gates Industrial Corp will release its next earnings report on 29 Apr 2025.

From a Technical Analysis Perspective, Is GTES a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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