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GTES 
Gates Industrial Corporation plc (GTES)
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Upturn Advisory Summary
08/14/2025: GTES (4-star) is a STRONG-BUY. BUY since 68 days. Profits (18.68%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
11 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $29.4
1 Year Target Price $29.4
| 6 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.32% | Avg. Invested days 43 | Today’s Advisory Regular Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.32B USD | Price to earnings Ratio 31.44 | 1Y Target Price 29.4 |
Price to earnings Ratio 31.44 | 1Y Target Price 29.4 | ||
Volume (30-day avg) 11 | Beta 1.25 | 52 Weeks Range 14.70 - 25.66 | Updated Date 08/14/2025 |
52 Weeks Range 14.70 - 25.66 | Updated Date 08/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.78 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-07-29 | When Before Market | Estimate 0.3733 | Actual 0.39 |
Profitability
Profit Margin 5.98% | Operating Margin (TTM) 15.03% |
Management Effectiveness
Return on Assets (TTM) 4.44% | Return on Equity (TTM) 6.43% |
Valuation
Trailing PE 31.44 | Forward PE 16.81 | Enterprise Value 8278106038 | Price to Sales(TTM) 1.86 |
Enterprise Value 8278106038 | Price to Sales(TTM) 1.86 | ||
Enterprise Value to Revenue 2.44 | Enterprise Value to EBITDA 12.43 | Shares Outstanding 257584000 | Shares Floating 252808521 |
Shares Outstanding 257584000 | Shares Floating 252808521 | ||
Percent Insiders 1.8 | Percent Institutions 104.42 |
Upturn AI SWOT
Gates Industrial Corporation plc
Company Overview
History and Background
Gates Industrial Corporation plc traces its origins back to 1911 when Charles Gates Sr. purchased the Colorado Tire and Leather Company. It evolved from manufacturing tire covers to focusing on power transmission and fluid power solutions. Over the decades, Gates expanded globally through acquisitions and organic growth, becoming a leading industrial manufacturer.
Core Business Areas
- Power Transmission: Design, manufacture, and market a comprehensive portfolio of power transmission belts and related components used in a wide variety of industrial and automotive applications.
- Fluid Power: Design, manufacture, and market a comprehensive portfolio of fluid power solutions, including hoses, tubing, couplings, and related accessories used in hydraulic and pneumatic applications.
Leadership and Structure
The leadership team consists of Ivo Jurek (Chief Executive Officer), Brooks Mallard (Chief Financial Officer), and other senior executives. The organizational structure is divided into segments based on product lines and geographical regions.
Top Products and Market Share
Key Offerings
- Power Transmission Belts: Industrial and automotive belts used to transfer power. Gates has a significant market share in specific applications, but precise figures fluctuate and are subject to market conditions. Competitors: Dayco, ContiTech (Continental AG), Bando.
- Hydraulic Hoses and Couplings: Hoses and couplings used in hydraulic systems across various industries. Market share data is fragmented; Gates is a major player. Competitors: Parker Hannifin, Eaton, Danfoss.
- Engineered Plastics: Custom engineered plastics designed for Automotive and Industrial Solutions. Market share data is fragmented. Competitors: Saint-Gobain, Freudenberg, Trelleborg.
Market Dynamics
Industry Overview
The industrial manufacturing sector is influenced by economic cycles, technological advancements, and regulatory changes. Demand for power transmission and fluid power solutions is driven by growth in end markets like automotive, agriculture, construction, and industrial equipment.
Positioning
Gates is a global leader in power transmission and fluid power solutions, known for its engineering expertise, product innovation, and strong customer relationships. Its competitive advantage lies in its broad product portfolio, global reach, and application-specific knowledge.
Total Addressable Market (TAM)
The TAM for power transmission and fluid power solutions is estimated to be in the tens of billions of dollars globally. Gates holds a significant portion of the TAM, but there is substantial room for growth by expanding into new markets and applications.
Upturn SWOT Analysis
Strengths
- Global brand recognition
- Extensive product portfolio
- Strong R&D capabilities
- Established distribution network
- Diverse end-market exposure
Weaknesses
- Exposure to cyclical industries
- Dependence on raw material prices
- Potential for product obsolescence
- Integration challenges from acquisitions
Opportunities
- Expansion into emerging markets
- Development of new technologies
- Increased adoption of electric vehicles
- Growing demand for automation
- Strategic acquisitions
Threats
- Economic downturns
- Increased competition
- Disruptive technologies
- Fluctuations in currency exchange rates
- Regulatory changes
Competitors and Market Share
Key Competitors
- PARKER HANNIFIN (PH)
- EATON CORPORATION PLC (ETN)
- DANFOSS
Competitive Landscape
Gates competes primarily on product quality, innovation, and customer service. The company faces competition from both large global players and smaller, specialized manufacturers.
Major Acquisitions
Tompkins Industries
- Year: 2019
- Acquisition Price (USD millions): 185
- Strategic Rationale: Expanded Gates' fluid power product offering and distribution network.
Atlas Hydraulics
- Year: 2021
- Acquisition Price (USD millions): 85
- Strategic Rationale: Bolstered capabilities in providing hydraulic solutions for agricultural market.
Growth Trajectory and Initiatives
Historical Growth: Gates has experienced both organic and inorganic growth over the years, driven by market trends and strategic initiatives.
Future Projections: Analyst estimates project continued growth, dependent on general economic conditions and sector performance.
Recent Initiatives: Recent strategic initiatives include new product launches, acquisitions, and investments in digital capabilities.
Summary
Gates Industrial is a strong player in power transmission and fluid power solutions, benefiting from its global reach and diverse product range. The company faces cyclical market pressures and competition. Strategic acquisitions and focus on innovation will be crucial. Overall, Gates is well-positioned but must navigate economic uncertainties and emerging technologies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Analyst estimates
- Company Website
Disclaimers:
This analysis is based on available information and represents a general overview. It is not financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gates Industrial Corporation plc
Exchange NYSE | Headquaters Denver, CO, United States | ||
IPO Launch date 2018-01-25 | CEO & Director Mr. Ivo Jurek | ||
Sector Industrials | Industry Specialty Industrial Machinery | Full time employees 14100 | Website https://www.gates.com |
Full time employees 14100 | Website https://www.gates.com | ||
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, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, coupling, and fittings, as well as assemblies. The company's products are used in applications across various markets, including industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles comprising heavy-duty trucks and buses, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. It offers its products to replacement channel customers, as well as to original equipment manufacturers. The company was founded in 1911 and is headquartered in Denver, Colorado.
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