GATES INDUSTRIAL CORPORATION PLC Financials Gates Industrial Corporation plc
Equities
GTES
GB00BD9G2S12
Industrial Machinery & Equipment
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.18 USD | -1.70% |
|
-8.69% | +20.57% |
| May. 01 | Transcript : Gates Industrial Corporation plc, Q1 2024 Earnings Call, May 01, 2024 | |
| May. 01 | Gates Industrial Q1 Adjusted Earnings Rise, Net Sales Fall; Maintains 2024 Adjusted EPS Guidance | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,983 | 3,734 | 4,633 | 3,223 | 3,544 | 4,229 | - | - |
| Enterprise Value (EV) 1 | 6,306 | 5,921 | 6,539 | 5,107 | 5,275 | 5,687 | 5,293 | 4,866 |
| P/E ratio | 5.79 x | 47.6 x | 15.9 x | 14.8 x | 16 x | 16.7 x | 12.4 x | 10.1 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.29 x | 1.34 x | 1.33 x | 0.91 x | 0.99 x | 1.2 x | 1.14 x | 1.09 x |
| EV / Revenue | 2.04 x | 2.12 x | 1.88 x | 1.44 x | 1.48 x | 1.61 x | 1.43 x | 1.26 x |
| EV / EBITDA | 10.3 x | 11.7 x | 8.89 x | 7.5 x | 7.06 x | 7.27 x | 6.21 x | 5.3 x |
| EV / FCF | 22.8 x | 23.6 x | 21.5 x | 27.1 x | 12.6 x | 17 x | 12.6 x | 9.84 x |
| FCF Yield | 4.39% | 4.24% | 4.66% | 3.68% | 7.96% | 5.9% | 7.93% | 10.2% |
| Price to Book | 1.5 x | 1.33 x | 1.49 x | 1.06 x | 1.1 x | 1.27 x | 1.17 x | 1.04 x |
| Nbr of stocks (in thousands) | 290,118 | 290,790 | 291,935 | 282,448 | 264,109 | 261,380 | - | - |
| Reference price 2 | 13.73 | 12.84 | 15.87 | 11.41 | 13.42 | 16.18 | 16.18 | 16.18 |
| Announcement Date | 2/4/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,087 | 2,793 | 3,474 | 3,554 | 3,570 | 3,530 | 3,704 | 3,867 |
| EBITDA 1 | 611 | 506.6 | 735.8 | 680.6 | 747 | 782.5 | 851.9 | 917.4 |
| EBIT 1 | 346.8 | 211.1 | 484.1 | 384 | 462.6 | 494 | 616.1 | 718.9 |
| Operating Margin | 11.23% | 7.56% | 13.93% | 10.8% | 12.96% | 14% | 16.63% | 18.59% |
| Earnings before Tax (EBT) 1 | 198.8 | 71 | 349.7 | 257.8 | 285.3 | 326.5 | 478 | 605 |
| Net income 1 | 690.1 | 79.4 | 297.1 | 220.8 | 232.9 | 284 | 362 | 460.5 |
| Net margin | 22.35% | 2.84% | 8.55% | 6.21% | 6.52% | 8.05% | 9.77% | 11.91% |
| EPS 2 | 2.370 | 0.2700 | 1.000 | 0.7700 | 0.8400 | 0.9702 | 1.308 | 1.610 |
| Free Cash Flow 1 | 276.8 | 250.8 | 304.7 | 188.2 | 419.8 | 335.3 | 419.5 | 494.3 |
| FCF margin | 8.97% | 8.98% | 8.77% | 5.3% | 11.76% | 9.5% | 11.33% | 12.78% |
| FCF Conversion (EBITDA) | 45.3% | 49.51% | 41.41% | 27.65% | 56.2% | 42.85% | 49.24% | 53.88% |
| FCF Conversion (Net income) | 40.11% | 315.87% | 102.56% | 85.24% | 180.25% | 118.06% | 115.88% | 107.35% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 815.6 | 893.4 | 906.8 | 860.7 | 893.3 | 897.7 | 936.3 | 872.9 | 863.3 | 862.6 | 898.1 | 878.6 | 886.3 | 919.6 | 962.3 |
| EBITDA 1 | 139.6 | 156.8 | 180.1 | 177.7 | 166 | 174.5 | 197.3 | 189.4 | 185.8 | 195.6 | 196.6 | 196.3 | 196.9 | 215.1 | 219.5 |
| EBIT 1 | 75.9 | 68.4 | 112.7 | 103.8 | 99.1 | 87.3 | 129.1 | 125.9 | 120.3 | 116.7 | 128.2 | 121.5 | 128.4 | - | - |
| Operating Margin | 9.31% | 7.66% | 12.43% | 12.06% | 11.09% | 9.72% | 13.79% | 14.42% | 13.93% | 13.53% | 14.27% | 13.83% | 14.48% | - | - |
| Earnings before Tax (EBT) 1 | 41.8 | 35.2 | 71.6 | 67.4 | 83.6 | 46.2 | 80.9 | 86.6 | 71.6 | 80.7 | 84.3 | 80.1 | 81.9 | - | - |
| Net income 1 | 62.7 | 30.9 | 53.1 | 51.9 | 84.9 | 26.4 | 64.9 | 78.7 | 62.9 | 40 | 75.2 | 74.53 | 77.27 | - | - |
| Net margin | 7.69% | 3.46% | 5.86% | 6.03% | 9.5% | 2.94% | 6.93% | 9.02% | 7.29% | 4.64% | 8.37% | 8.48% | 8.72% | - | - |
| EPS 2 | 0.2100 | 0.1000 | 0.1900 | 0.1800 | 0.3000 | 0.0900 | 0.2300 | 0.2900 | 0.2400 | 0.1500 | 0.2561 | 0.2583 | 0.2658 | 0.3553 | 0.3412 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/7/22 | 5/4/22 | 8/5/22 | 11/4/22 | 2/9/23 | 5/4/23 | 8/4/23 | 11/3/23 | 2/8/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,323 | 2,187 | 1,906 | 1,885 | 1,731 | 1,458 | 1,064 | 636 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.802 x | 4.318 x | 2.591 x | 2.769 x | 2.317 x | 1.864 x | 1.249 x | 0.6937 x |
| Free Cash Flow 1 | 277 | 251 | 305 | 188 | 420 | 335 | 420 | 494 |
| ROE (net income / shareholders' equity) | 12.1% | 7.5% | 13.8% | 10.6% | 11.8% | 11.6% | 12.5% | 12.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 9.140 | 9.650 | 10.60 | 10.80 | 12.20 | 12.70 | 13.80 | 15.60 |
| Cash Flow per Share | - | 1.060 | 1.290 | 0.9200 | - | - | - | - |
| Capex 1 | 72.1 | 58.2 | 77.7 | 77.6 | 61.2 | 99.5 | 95.8 | 102 |
| Capex / Sales | 2.34% | 2.08% | 2.24% | 2.18% | 1.71% | 2.82% | 2.59% | 2.65% |
| Announcement Date | 2/4/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
16.18
USD
Average target price
19.7
USD
Spread / Average Target
+21.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.57% | 4.23B | |
| +17.30% | 8.78B | |
| +20.49% | 6.45B | |
| +14.10% | 5.03B | |
| +6.14% | 4.75B | |
| -14.49% | 3.27B | |
| -22.55% | 2.77B | |
| -2.34% | 2.51B | |
| -4.69% | 2.46B | |
| +10.03% | 2.09B |
- Stock Market
- Equities
- GTES Stock
- Financials Gates Industrial Corporation plc
