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Gates Industrial Corporation plc

Company price
25.43 USD -0.13 ( 0.51%)
Last update at 2026-11-12T15:28:00Z
VOLUME
255442
Market Cap
6455.35M
P/E
18.09

Momentum Score

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Gates Industrial Corporation Ltd. manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China. It operates through two segments, Power Transmission and Fluid Power. The company offers solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; elastomer drive belts; asynchronous and synchronous belts, including V-belts, transmission belts, and micro-V belts; metal drive components, such as tensioners, idlers, pulleys, sprockets, mechanical water pumps, and other accessories used in belt drive systems; and kits for the automotive replacement channel. It also provides fluid power solutions for stationary and mobile hydraulics, vehicle systems, and other industrial application platforms; hydraulics comprising hoses, tubing, couplings, and fittings, as well as assemblies; thermal and emissions management and related products; and industrial hoses, including data center pumps. The company's products are used in applications across various markets, including diversified industrial applications comprising automated manufacturing, logistics systems, and data centers; consumer applications consisting of printers, power washers, automatic doors, and vacuum cleaners; industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles, including heavy-duty trucks and buses; energy and resources markets, such as oil, gas, and mining; and personal mobility, including scooters, motorcycles, bicycles, all-terrain vehicles, and snowmobiles. It sells its products under the Gates brand. The company offers its products to aftermarket channel customers and original equipment manufacturers. Gates Industrial Corporation Ltd. was founded in 1911 and is headquartered in Denver, Colorado.

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Day Price Range
25.38
Low
25.66
High
52 Week Price Range
20.88
Low
30.34
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Gates Industrial Corporation plc supplies power transmission belts, fluid power hoses and engineered components to automotive, commercial vehicle and industrial customers worldwide. Long-term growth drivers include aftermarket replacement cycles, industrial and infrastructure activity and product diversification into electrification and hydraulic systems that may support durable demand. The company appears positioned with global distribution scale and technical product niches that could support recurring revenue.
Key risks include cyclical exposure to automotive and industrial end markets, potential demand shifts from vehicle electrification, commodity and currency volatility and execution risk in portfolio diversification.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
25.56
Dividend Yield
-
Revenue TTM
3504.60M
Revenue Per Share
13.73
Gross Profit TTM
1420.50M
Debt / Equity
0.75
ROE
10.38%
Net Debt
1697.80M
ROCE
8.23%
Diluted EPS TTM
1.41

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 340.20M 328.00M 285.30M 257.80M 349.70M
Minority interest -24.90M -25.00M -22.50M 21.70M -34.20M
Net income 251.40M 194.90M 232.90M 220.80M 297.10M
Selling general administrative 794.00M 870.00M 875.90M 853.70M 852.70M
Selling and marketing expenses - - 14.00M - 1.00M
Gross profit 1394.20M 1358.50M 1358.90M 1250.60M 1339.20M
Reconciled depreciation 213.80M 216.90M 215.60M 217.20M 222.60M
Ebit 528.30M 460.70M 462.60M 384.00M 484.10M
Ebitda 742.10M 677.60M 462.60M 627.10M 717.50M
Depreciation and amortization 213.80M 216.90M 217.50M 243.10M 233.40M
Non operating income net other - - - 13.20M -0.90M
Operating income 528.30M 478.70M 462.60M 384.00M 484.10M
Other operating expenses 2914.90M 2929.50M 3093.50M 3157.50M 2978.60M
Interest expense 149.00M 170.40M 163.20M 139.40M 133.50M
Tax provision 63.10M 107.50M 19.30M 14.90M 18.40M
Interest income 9.60M 13.70M 10.70M 3.60M 3.20M
Net interest income -123.60M -142.10M -154.60M -135.80M -133.50M
Non recurring - - - 3.20M 4.30M
Income tax expense 63.10M 107.50M 28.30M 14.90M 18.40M
Total revenue 3443.20M 3408.20M 3570.20M 3554.20M 3474.40M
Total operating expenses 865.90M 879.80M 882.20M 853.90M 843.40M
Cost of revenue 2049.00M 2049.70M 2211.30M 2303.60M 2135.20M
Total other income expense net -188.10M -150.70M -177.30M -126.20M -134.40M
Discontinued operations - - - -0.40M -0.40M
Net income from continuing ops 277.10M 220.50M 278.00M 242.90M 331.30M
Net income applicable to common shares - - - 220.80M 297.10M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 7151.40M 6786.30M 7254.50M 7191.60M 7533.00M
Intangible assets 1192.40M 1248.60M 1386.10M 1490.40M 1642.20M
Other current assets 225.20M 196.70M 234.90M 221.20M 210.70M
Total liab 3462.20M 3446.00M 3710.60M 3748.00M 4051.60M
Total stockholder equity 3334.00M 3023.60M 3220.20M 3110.00M 3099.70M
Deferred long term liab - - - 192.00M 283.70M
Other current liab 211.80M 251.30M 248.50M 325.80M 311.20M
Common stock 2.60M 2.60M 2.60M 2.80M 2.90M
Capital stock 2.60M 2.60M 2.60M 2.80M 2.90M
Retained earnings 1652.70M 1479.60M 1462.30M 1482.90M 1437.90M
Other liab - - - 425.30M 552.80M
Good will 2035.20M 1908.90M 2038.70M 1981.10M 2063.00M
Other assets - - - 640.30M 754.60M
Cash 812.10M 682.00M 720.60M 578.40M 658.20M
Total current liabilities 735.40M 721.50M 779.30M 752.30M 855.90M
Current deferred revenue - - 36.60M -79.70M -
Net debt 1697.80M 1795.90M 1841.50M 2006.50M 2022.80M
Short term debt 62.90M 39.10M 36.50M 36.60M 38.10M
Short long term debt 36.20M 39.10M 36.50M 36.60M 38.10M
Short long term debt total 2509.90M 2477.90M 2562.10M 2584.90M 2681.00M
Other stockholder equity 2595.80M 2618.60M 2583.80M 2542.10M 2484.10M
Property plant equipment - - - 769.70M 794.50M
Total current assets 2481.50M 2306.00M 2401.30M 2277.40M 2278.70M
Long term investments - - - 15.10M 15.70M
Net tangible assets - - - -361.50M -605.50M
Short term investments - - 27.00M - -
Net receivables 744.20M 751.30M 798.60M 821.60M 727.20M
Long term debt 2196.30M 2311.50M 2415.00M 2426.40M 2526.50M
Inventory 700.00M 676.00M 647.20M 656.20M 682.60M
Accounts payable 433.70M 408.20M 457.70M 469.60M 506.60M
Noncontrolling interest in consolidated entity - - - 333.60M 381.70M
Accumulated other comprehensive income -917.10M -1077.20M -828.50M -917.80M -825.20M
Common stock total equity - - - 2.80M 2.90M
Retained earnings total equity - - - 1482.90M 1437.90M
Non currrent assets other 56.20M 50.40M 1.80M 72.70M 24.10M
Non current assets total 4669.90M 4480.30M 4853.20M 4914.20M 5254.30M
Capital lease obligations 124.50M 127.30M 110.60M 121.90M 116.40M
Long term debt total - - - 2426.40M 2526.50M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.00M -104.40M -77.20M -90.70M -86.00M
Change to liabilities - - - -81.40M 99.60M
Total cashflows from investing activities -119.00M -104.40M -81.80M -90.70M -86.00M
Net borrowings -123.40M -108.40M -19.60M -55.20M -91.00M
Total cash from financing activities -251.10M -286.70M -258.30M -253.10M -148.60M
Change to operating activities - - - 9.20M -49.60M
Net income 251.40M 219.90M 256.40M 242.50M 331.30M
Change in cash 130.20M -39.20M 142.60M -79.50M 136.80M
Begin period cash flow 684.80M 724.00M 581.40M 660.90M 524.10M
End period cash flow 815.00M 684.80M 724.00M 581.40M 660.90M
Total cash from operating activities 478.10M 379.60M 481.00M 265.80M 382.40M
Issuance of capital stock 10.40M 14.90M 18.30M 15.90M 4.60M
Depreciation 213.80M 216.90M 217.50M 217.20M 222.60M
Other cashflows from investing activities -45.80M -15.00M -20.60M -13.10M 1.00M
Dividends paid - - 100.00M 28.70M 26.00M
Change to inventory 14.30M -64.00M 24.50M 2.90M -192.40M
Change to account receivables 18.40M 8.40M 45.60M -129.30M -22.30M
Sale purchase of stock -119.30M -176.10M -251.70M -175.90M -10.60M
Other cashflows from financing activities -18.80M -17.10M -5.70M 583.80M -51.60M
Change to netincome - - - -20.40M -11.30M
Capital expenditures 73.20M 83.10M 71.40M 87.00M 87.00M
Change receivables - - - -129.30M -22.30M
Cash flows other operating - - - 34.30M -56.00M
Cash and cash equivalents changes - - - -78.00M 147.80M
Change in working capital 21.30M -26.00M 74.70M -157.50M -126.00M
Stock based compensation 27.20M 28.80M 27.40M 44.30M 24.60M
Other non cash items -9.60M -47.90M -29.30M -1.00M 24.20M
Free cash flow 404.90M 296.50M 409.60M 178.80M 295.40M

Peer Comparison*

Sector: Industrials Industry: Specialty Industrial Machinery

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
GTES
Gates Industrial Corporation plc
-0.13
0.51%
25.43 18.09 13.39 1.84 1.83 2.28 11.64
GEV
GE Vernova LLC
8.58
1.06%
816.82 56.16 67.57 7.02 23.82 6.79 115.11
SMAWF
Siemens AG Class N
-0.34
0.11%
304.16 25.72 20.16 2.87 2.96 2.85 13.79
SBGSF
Schneider Electric SE
-4.15
1.53%
267.80 32.06 22.47 4.40 6.27 4.00 19.13
ETN
Eaton Corporation PLC
-6.45
1.79%
354.17 39.21 30.77 5.80 8.18 6.15 27.30

Profile*

Gates Industrial Corporation plc

Gates Industrial Corporation Ltd. manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China. It operates through two segments, Power Transmission and Fluid Power. The company offers solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; elastomer drive belts; asynchronous and synchronous belts, including V-belts, transmission belts, and micro-V belts; metal drive components, such as tensioners, idlers, pulleys, sprockets, mechanical water pumps, and other accessories used in belt drive systems; and kits for the automotive replacement channel. It also provides fluid power solutions for stationary and mobile hydraulics, vehicle systems, and other industrial application platforms; hydraulics comprising hoses, tubing, couplings, and fittings, as well as assemblies; thermal and emissions management and related products; and industrial hoses, including data center pumps. The company's products are used in applications across various markets, including diversified industrial applications comprising automated manufacturing, logistics systems, and data centers; consumer applications consisting of printers, power washers, automatic doors, and vacuum cleaners; industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles, including heavy-duty trucks and buses; energy and resources markets, such as oil, gas, and mining; and personal mobility, including scooters, motorcycles, bicycles, all-terrain vehicles, and snowmobiles. It sells its products under the Gates brand. The company offers its products to aftermarket channel customers and original equipment manufacturers. Gates Industrial Corporation Ltd. was founded in 1911 and is headquartered in Denver, Colorado.

1144 Fifteenth Street, Denver, CO, United States, 80202

303 744 1911

13000

Name Title Year Born
Mr. Ivo Jurek CEO & Director 1965
Mr. L. Brooks Mallard Exec. VP & CFO 1967
Mr. Thomas G. Pitstick Sr. VP & Chief Marketing Officer NA
Mr. Walter T. Lifsey Exec. Officer 1959
Mr. Grant L. Gawronski Exec. VP & Chief Commercial Officer 1963
Mr. David M. Wisniewski Sr. VP & Chief Accounting Officer 1970
Mr. Diego Silva Sr. VP & Chief Information Officer NA
Mr. Bill Waelke VP of Investor Relations NA
Ms. Cristin C. Bracken Sr. VP, Chief Legal Officer & Corp. Sec. 1968
Ms. Gwendolyn Montgomery Sr. VP of Global HR NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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