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GTES Company Profile and Key Details

NYSE : GTES

Gates Industrial

$22.79
0.295+1.31%
At Close 4:00 PM
73.51
BESG ScoreESG Rating
ProfileKey StatsAnalyst RatingsOwnershipRatiosFinancialsDividend & splitsSentimentForecast

Price Chart

Stock Price Today

Gates Industrial Corporation plc (GTES) stock surged +1.31%, trading at $22.79 on NYSE, up from the previous close of $22.50. The stock opened at $22.65, fluctuating between $22.26 and $22.85 in the recent session.

Stock Snapshot

22.495
Prev. Close
5.84B
Market Cap
22.26
Day Low
25.04
P/E Ratio
0.91
EPS (TTM)
1.55
Cash Flow per Share
22.65
Open
256.47M
Number of Shares
22.85
Day High
98.14%
Free Float in %
12.19
Book Value
1.73M
Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing DateAccepted Date

Annual Report (10-k)

Filing DateAccepted Date

Stock Price History Chart

DateOpenHighLowCloseVolume
Jan 09, 202622.6322.8522.2622.792.03M
Jan 08, 202621.7522.6121.7522.492.29M
Jan 07, 202622.9123.1421.6621.721.97M
Jan 06, 202622.3523.0522.0923.002.08M
Jan 05, 202622.0222.7422.0222.461.81M
Jan 02, 202621.6022.1921.4422.061.43M
Dec 31, 202521.7821.8021.4321.471.05M
Dec 30, 202521.9122.0321.7921.821.03M
Dec 29, 202521.9722.0321.7721.831.06M
Dec 26, 202522.0722.2521.8121.971.48M
Dec 24, 202522.1322.1921.9522.02986.9K
Dec 23, 202521.9822.3721.9522.191.67M
Dec 22, 202521.7022.1921.6622.022.07M
Dec 19, 202521.4221.6821.4121.613.17M
Dec 17, 202521.6421.9121.2421.351.67M
Dec 16, 202521.9622.0521.4821.591.68M
Dec 15, 202522.1422.1721.7721.801.64M
Dec 12, 202522.4222.5021.8421.911.51M
Dec 11, 202522.2722.5122.2022.341.75M
Dec 10, 202521.5322.3021.4922.295.29M

Contact Details

Denver, CO 80202

United States

https://www.gates.com303 744 1911

About Company

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.

Company Information

Employees14100
Beta1.25
Sales or Revenue$3.57B
5Y Sales Change%0.122%
Fiscal Year EndsDecember
SectorIndustrials
IndustryIndustrial - Machinery

Stock Peers

PH
14.515+1.60%
Parker-Hannifin Corporation$920.99CMI
7.6+1.40%
Cummins Inc.$552.09ROK
6.87+1.70%
Rockwell Automation, Inc.$410.53ETN
3.93+1.23%
Eaton Corporation plc$324.51CSW
-0.89-0.28%
CSW Industrials, Inc.$319.54KAI
8.21+2.64%
Kadant Inc.$319.22WTS
1.11+0.39%
Watts Water Technologies, Inc.$287.44ITW
1.39+0.55%
Illinois Tool Works Inc.$255.12SXI
-1.82-0.76%
Standex International Corporation$237.26NPO
3.53+1.54%
EnPro Industries, Inc.$233.27

Technical Performance

GTES has shown mixed momentum, gaining 4.75% over the past week and -11.42% over the past quarter, though year-to-date performance is up 4.75%. Short-term trend indicators are bullishly aligned (SMA20 3.62%, SMA50 3.55%, SMA200 0.68%). The stock’s 14-day RSI is 56.23 (neutral), while the ATR of 0.63 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -13.87% below its high and over 55.08% above its low. Average 10-day trading volume of 1.93 million shares is below the 3-month average of 2.35 million, indicating normal recent market interest.

Dividend & Fair Value

Gates Industrial Corporation plc last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $13.40. This means the shares are trading above this model’s fair value.

Shareholding & Insider Activity

Gates Industrial Corporation plc has 257.58 million shares outstanding. The public float is 252.79 million shares, elevated short interest at 2.44% of float. This equals 5.55 million shares. The short ratio is 2.97 days. Institutional investors hold 108.82% of the float. Insiders own 1.8%. Blackstone Group Inc holds 100.58 million shares, Blackstone Inc has 87.36 million shares and SCHWARZMAN STEPHEN A has 81.03 million shares. Over the past six months, insider transactions show net selling. They sold 65.52 thousand shares across 3 transactions.

Financial & Profitability Overview

Over the trailing twelve months, Gates Industrial generated $3.57B in revenue, or $12.95 per share. Gross margin was 38.06%, operating margin 12.96%, and net profit margin 6.52%. Returns are modest, with ROA at 3.21% and ROE at 7.23%.
On valuation metrics, Gates Industrial trades at a P/E of 24.55, P/S of 1.71 and P/B of 1.72. The current ratio is 3.52 and quick ratio is 2.50. Operationally, the company’s inventory turnover is 2.83 and cash conversion cycle is 148.73 days. Debt-to-equity is 0.05, supported by a cash flow-to-debt ratio of 2.55.

Quarterly Financial Highlights

For the quarter ended Dec 30, 2023, Gates Industrial posted revenue of $3.57B, down slightly from $3.55B in the prior quarter. Gross profit was $1.36B (margin 38.06%). Operating income was $462.60M (margin 13.0%). Net income was$232.90M (EPS $0.86).
The company ended the quarter with $720.60M in cash and short-term investments, a total debt of $2.56B, and net debt of $1.84B. Total assets were $7.25B, with equity of $3.54B. Financials further reflected stability, with operating cash flow of $481.00M, free cash flow of $409.60M, and capital expenditures of - $71.40M.

Frequently Asked Questions

What is the current Gates Industrial Corporation plc (GTES) stock price?
Gates Industrial Corporation plc (NYSE: GTES) stock price is $22.79 in the last trading session. During the trading session, GTES stock reached the peak price of $22.85 while $22.26 was the lowest point it dropped to. The percentage change in GTES stock occurred in the recent session was 1.31% while the dollar amount for the price change in GTES stock was $0.30.
GTES's industry and sector of operation?
The NYSE listed GTES is part of Industrial - Machinery industry that operates in the broader Industrials sector. Gates Industrial Corporation plc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Who are the executives of GTES?
Mr. Bill Waelke
Head of Investor Relations
Mr. Ivo Jurek
Chief Executive Officer & Director
Ms. Cristin C. Bracken
Senior Vice President, Chief Legal Officer & Corporation Sec.
Mr. L. Brooks Mallard
Executive Vice President & Chief Financial Officer
Mr. Diego Silva
Senior Vice President & Chief Information Officer
Mr. Thomas G. Pitstick
Chief Strategy Officer
Mr. Walter T. Lifsey
Executive Officer
Ms. Gwendolyn Montgomery
Senior Vice President of Global HR
Mr. Grant L. Gawronski
Executive Vice President & Chief Commercial Officer
Mr. Richard Michael Kwas C.F.A.
Vice President of Investor Relations
Mr. David M. Wisniewski
Senior Vice President & Chief Accounting Officer
How GTES did perform over past 52-week?
GTES's closing price is 55.08% higher than its 52-week low of $14.70 where as its distance from 52-week high of $26.46 is -13.87%.
How many employees does GTES have?
Number of GTES employees currently stands at 14,100.
Link for GTES official website?
Official Website of GTES is: https://www.gates.com
How do I contact GTES?
GTES could be contacted at phone 303 744 1911 and can also be accessed through its website. GTES operates from 1144 Fifteenth Street, Denver, CO 80202, United States.
How many shares of GTES are traded daily?
GTES stock volume for the day was 1.73M shares. The average number of GTES shares traded daily for last 3 months was 2.44M.
What is the market cap of GTES currently?
The market value of GTES currently stands at $5.84B with its latest stock price at $22.79 and 256.47M of its shares outstanding.
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