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.
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 |
Metrics to compare | GTES | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipGTESPeersSector | |
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P/E Ratio | 30.3x | 13.4x | 11.9x | |
PEG Ratio | −2.54 | 0.22 | 0.03 | |
Price/Book | 2.0x | 1.3x | 1.4x | |
Price / LTM Sales | 1.7x | 0.6x | 1.2x | |
Upside (Analyst Target) | 7.7% | 32.7% | 23.7% | |
Fair Value Upside | Unlock | 2.9% | 6.6% | Unlock |