Gates Industrial Corporation plc

Gates Industrial Corporation plc

GTESยทNYSE

$26.03

-1.5%
IndustrialsIndustrial - Machinery

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.

At a Glance

Live Snapshot
Market Cap$6.61B
EPS0.9800
P/E Ratio26.56
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 26.6).

Valuation inputs: P/E 26.6, earnings yield +3.8%, momentum -1.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +7.5%, ROIC +6.6%).

Profitability stack: net margin +7.3%, ROE +7.5%, ROIC +6.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +48.4%, momentum -1.5%, net margin +7.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Gates Industrial Corporation plc Market vs Earnings Trajectory

GTES ยท NYSE

Loading price and EPS data...

Gates Industrial Corporation plc

Gates Industrial Corporation plc Fair Value Envelope

GTES ยท NYSE

Our analysis suggests that GTES has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $26.03, this represents a potential HIDDEN relative to our calculated worth for Gates Industrial Corporation plc.

Intrinsic Value
Current Price: $26.03
3Y+14.0%
5Y-4.0%
10Y+14.0%
3Y-4.0%
5Y-1.0%
10Y+3.0%
3Y+8.0%
5Y-15.0%
10Y+2.0%
3Y-1.0%
5Y+25.0%
10Y+53.0%
3Y-1.0%
5Y+37.0%
10Y+210.0%
3Y-1.0%
5Y-5.0%
10Y+6.0%
Gates Industrial Corporation plc

Gates Industrial Corporation plc Profit Bridge

GTES ยท NYSE
Revenue3.44B
Cost of Goods Sold (2.05B)
Gross Profit1.39B
Operating Expenses (865.90M)
Operating Income528.30M
Interest Expense (149.00M)
Other Income/Expense-188.10M
Pretax Income340.20M
Income Tax (63.10M)
Net Income251.40M
Net Income
251.40M

Profitability Analysis

Gross Margin

40.5%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

15.3%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

7.3%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

18.5%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

40.49%
Gross Profit Margin
2%
3Y+6.0%
5Y+5.0%
10Y+2.0%
15.34%
Operating Profit Margin
9%
3Y+18.0%
5Y+10.0%
10Y+3.0%
7.30%
Net Profit Margin
28%
3Y+12.0%
5Y-15.0%
10Y-
7.54%
Return on Equity
17%
3Y+4.0%
5Y-21.0%
10Y-40.0%
3.52%
Return on Assets
22%
3Y+10.0%
5Y-11.0%
10Y-4.0%
6.64%
Return on Invested Capital
26%
3Y+4.0%
5Y-2.0%
10Y-9.0%
GTES

Gates Industrial Corporation plc Cash Conversion Engine

GTES ยท NYSE
Net Income251.40M
Depreciation & Amortization213.80M
Stock-Based Compensation27.20M
Change in Working Capital21.30M
Others-9.60M
Capital Expenditures-73.20M
Free Cash Flow404.90M

Cash Flow Quality Analysis

FCF Conversion Rate

161.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

15.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+36.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$21.30M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Gates Industrial Corporation plc Funding & Solvency Profile

GTES ยท NYSE
Cash & Cash Equivalents785.30M
Net Receivables799.60M
Inventory685.70M
Other Current Assets218.80M
Total Current Assets2 B
Property, Plant & Equipment751.50M
Goodwill & Intangible Assets3.18B
Long-Term Investments0.00
Other Non-Current Assets58.50M
Total Non-Current Assets810 M
Total Assets
7.12B

Financial Health Analysis

Current Ratio

3.67x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.91x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

2 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

35% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Gates Industrial Corporation plc Street Expectations Map

GTES ยท NYSE

Wall Street analysts project that GTES stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 32.60, with estimates ranging from a low of 28.00 to a high of 39.00.

Lowest Target
28.00
7.57%
Consensus Target
32.60
25.24%
Highest Target
39.00
49.83%

The consensus 1-year price target stands at 32.60, with estimates ranging from a low of 28.00 to a high of 39.00.

Analyst Consensus Analysis

Upside Potential

+25.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

33.7% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Gates Industrial Corporation plc Insider Positioning

GTES ยท NYSE

During the last 12 months, insiders have sold $1.48M worth of GTES shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

65.5K

1.48M

Net Activity

-1.5M

-$1.48M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
MGA

Montgomery Gwendolyn Ann

Officer: Chief Human Resources Officer

43.3K sharesโ€ข2 transactions

$977K

2
MLB

Mallard Lawrence B

Officer: Chief Financial Officer

22.2K sharesโ€ข1 transactions

$505K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.48M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

gtes Dividend History

GTES
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%