Gates Industrial Financials

GTES Stock  USD 22.16  0.04  0.18%   
Based on the analysis of Gates Industrial's profitability, liquidity, and operating efficiency, Gates Industrial may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Gates Industrial's Long Term Debt Total is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 7.7 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 2.5 B in 2024. Key indicators impacting Gates Industrial's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.870.91
Sufficiently Down
Pretty Stable
Current Ratio2.222.72
Significantly Down
Pretty Stable
The financial analysis of Gates Industrial is a critical element in measuring its lifeblood. Investors should not minimize Gates Industrial's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

172.04 Million

  
Understanding current and past Gates Industrial Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Gates Industrial's financial statements are interrelated, with each one affecting the others. For example, an increase in Gates Industrial's assets may result in an increase in income on the income statement.

Gates Industrial Earnings Geography

Please note, the imprecision that can be found in Gates Industrial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Gates Industrial. Check Gates Industrial's Beneish M Score to see the likelihood of Gates Industrial's management manipulating its earnings.

Gates Industrial Stock Summary

Gates Industrial competes with Crane NXT, Donaldson, ITT, Franklin Electric, and John Bean. Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado. Gates Industrial operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 15050 people.
Specialization
Industrials, Specialty Industrial Machinery
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINGB00BD9G2S12
CUSIPG39108108
LocationColorado; U.S.A
Business Address1144 Fifteenth Street,
SectorMachinery
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.gates.com
Phone303 744 1911
CurrencyUSD - US Dollar

Gates Industrial Key Financial Ratios

Gates Industrial Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets7.4B7.4B7.5B7.2B7.3B7.7B
Other Current Liab237.3M252.2M240.9M222.6M248.5M150.8M
Other Liab682M735.4M552.8M425.3M382.8M590.5M
Net Tangible Assets(1.3B)(1.1B)(605.5M)(361.5M)(415.7M)(436.5M)
Net Debt2.4B2.3B2.0B2.0B1.8B2.1B
Retained Earnings1.1B1.2B1.4B1.5B1.5B860.3M
Accounts Payable374.7M417.4M506.6M469.6M457.7M443.6M
Cash635.3M521.4M658.2M578.4M720.6M606.8M
Other Assets665.3M785M754.6M640.3M736.3M449.0M
Long Term Debt2.9B2.7B2.5B2.4B2.4B2.4B
Net Receivables716.8M723.6M727.2M821.6M798.6M798.9M
Good Will2.1B2.1B2.1B2.0B2.0B2.2B
Long Term Debt Total2.9B2.7B2.5B2.4B2.2B2.5B
Capital Surpluse2.4B2.5B2.5B2.5B2.9B2.4B
Inventory475.1M508.2M682.6M656.2M647.2M580.1M
Total Liab4.4B4.2B4.1B3.7B3.7B3.6B
Short Long Term Debt46.1M42.7M38.1M36.6M36.5M40.3M
Total Current Assets2.0B1.9B2.3B2.3B2.4B2.1B
Short Term Debt46.1M42.7M74.3M36.6M36.5M43.5M
Intangible Assets1.9B1.8B1.6B1.5B1.4B1.5B

Gates Industrial Key Income Statement Accounts

The reason investors look at the income statement is to determine what Gates Industrial's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Tax Provision(495.9M)(19.3M)18.4M14.9M19.3M20.3M
Interest Expense157.8M154.3M133.5M139.4M163.2M135.9M
Total Revenue3.1B2.8B3.5B3.6B3.6B3.5B
Gross Profit1.1B1.0B1.3B1.3B1.4B1.3B
Operating Income346.8M211.1M484.1M384M462.6M315.5M
Ebit346.8M271.1M497.9M403M462.6M356.8M
Ebitda588.1M489.7M720.5M620.2M462.6M590.6M
Cost Of Revenue1.9B1.8B2.1B2.3B2.2B2.2B
Income Before Tax198.8M71M349.7M257.8M285.3M148.6M
Net Income690.1M79.4M297.1M220.8M232.9M172.0M
Income Tax Expense(495.9M)(19.3M)18.4M14.9M28.3M29.7M
Minority Interest359.7M10.6M(34.2M)21.7M(22.5M)(21.4M)
Interest Income5.7M4.3M3.2M3.6M10.7M10.2M
Research Development67.9M67.2M70.7M69.4M66M54.9M
Net Interest Income(152.1M)(154.3M)(133.5M)(135.8M)(154.6M)(162.3M)
Non Recurring3.3M10.4M4.3M3.2M2.9M4.6M

Gates Industrial Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory65.1M(22.1M)(192.4M)2.9M24.5M25.7M
Change In Cash212M(112.5M)136.8M(79.5M)142.6M149.7M
Free Cash Flow265.8M241.6M295.4M178.8M409.6M230.0M
Depreciation222.2M218.6M222.6M217.2M217.5M184.1M
Other Non Cash Items7.2M22.2M24.2M(1M)(29.3M)(30.8M)
Capital Expenditures182.7M83.1M67.4M87M61.2M74.3M
Net Income694.1M90M331.3M242.5M256.4M237.3M
End Period Cash Flow636.6M524.1M660.9M581.4M724M539.1M
Net Borrowings(33.4M)(331.5M)(91M)(55.2M)(49.7M)(47.2M)
Change To Netincome(616.8M)34.7M(11.3M)(20.4M)(23.5M)(24.6M)
Dividends Paid28.8M19M26M28.7M100M95M
Investments(78M)(77.5M)(86M)(90.7M)(77.2M)(81.1M)
Change Receivables41.8M9.7M(22.3M)(129.3M)(116.4M)(110.6M)

Gates Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Gates Industrial's current stock value. Our valuation model uses many indicators to compare Gates Industrial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Gates Industrial competition to find correlations between indicators driving Gates Industrial's intrinsic value. More Info.
Gates Industrial is rated below average in return on equity category among its peers. It is rated # 4 in return on asset category among its peers reporting about  1.43  of Return On Asset per Return On Equity. At this time, Gates Industrial's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Gates Industrial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Gates Industrial Systematic Risk

Gates Industrial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Gates Industrial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Gates Industrial correlated with the market. If Beta is less than 0 Gates Industrial generally moves in the opposite direction as compared to the market. If Gates Industrial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Gates Industrial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Gates Industrial is generally in the same direction as the market. If Beta > 1 Gates Industrial moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Gates Industrial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Gates Industrial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Gates Industrial growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.53)

At this time, Gates Industrial's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Gates Industrial December 1, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Gates Industrial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Gates Industrial. We use our internally-developed statistical techniques to arrive at the intrinsic value of Gates Industrial based on widely used predictive technical indicators. In general, we focus on analyzing Gates Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Gates Industrial's daily price indicators and compare them against related drivers.

Additional Tools for Gates Stock Analysis

When running Gates Industrial's price analysis, check to measure Gates Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gates Industrial is operating at the current time. Most of Gates Industrial's value examination focuses on studying past and present price action to predict the probability of Gates Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gates Industrial's price. Additionally, you may evaluate how the addition of Gates Industrial to your portfolios can decrease your overall portfolio volatility.