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GTES 
Gates Industrial Corporation plc (GTES)
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Upturn Advisory Summary
12/05/2025: GTES (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
11 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $28.01
1 Year Target Price $28.01
| 6 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.36% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.64B USD | Price to earnings Ratio 24 | 1Y Target Price 28.01 |
Price to earnings Ratio 24 | 1Y Target Price 28.01 | ||
Volume (30-day avg) 11 | Beta 1.23 | 52 Weeks Range 14.70 - 26.46 | Updated Date 12/7/2025 |
52 Weeks Range 14.70 - 26.46 | Updated Date 12/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.91 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.93% | Operating Margin (TTM) 14.94% |
Management Effectiveness
Return on Assets (TTM) 4.49% | Return on Equity (TTM) 7.3% |
Valuation
Trailing PE 24 | Forward PE 14.24 | Enterprise Value 7312543739 | Price to Sales(TTM) 1.65 |
Enterprise Value 7312543739 | Price to Sales(TTM) 1.65 | ||
Enterprise Value to Revenue 2.14 | Enterprise Value to EBITDA 10.62 | Shares Outstanding 258280391 | Shares Floating 253119949 |
Shares Outstanding 258280391 | Shares Floating 253119949 | ||
Percent Insiders 1.77 | Percent Institutions 105.41 |
Upturn AI SWOT
Gates Industrial Corporation plc
Company Overview
History and Background
Gates Industrial Corporation plc was founded in 1911 as The Gates Rubber Company by Charles Gates Sr. It began as a small rubber manufacturer in Denver, Colorado. Over the decades, Gates expanded its product lines and global reach, becoming a leading manufacturer of power transmission and fluid transfer components. In 2014, the company was acquired by The Blackstone Group and subsequently rebranded as Gates Industrial Corporation plc. It went public in 2018.
Core Business Areas
- Diversified Industrial: This segment serves a broad range of industrial markets, including agriculture, construction, energy, and general manufacturing. Products include belts, hoses, hydraulics, and fluid power components used in equipment maintenance and original equipment manufacturing (OEM).
- Automotive and Aerospace: This segment focuses on the aftermarket and OEM for automotive and aerospace applications. It provides serpentine belts, timing belts, hoses, and related components for passenger vehicles, light trucks, and aircraft.
Leadership and Structure
Gates Industrial Corporation plc is led by a board of directors and a management team. Key executives include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and heads of major business units. The company operates with a global footprint, organized by product lines and geographic regions.
Top Products and Market Share
Key Offerings
- Power Transmission Belts: Includes V-belts, synchronous belts (timing belts), and serpentine belts used in a wide variety of industrial machinery and automotive engines. Competitors include Optibelt, Continental AG, and Dayco.
- Hoses and Fluid Transfer Systems: Encompasses hydraulic hoses, industrial hoses, coolant hoses, and related fittings used for conveying fluids in diverse applications. Key competitors include Parker Hannifin, Eaton, and RYCO Hydraulics.
- Hydraulic Components: Features hydraulic cylinders, pumps, and valves essential for power transmission and motion control in heavy machinery and industrial equipment. Major competitors include Parker Hannifin, Eaton, and Bosch Rexroth.
Market Dynamics
Industry Overview
Gates operates within the global industrial components and automotive aftermarket sectors, which are influenced by trends in manufacturing, infrastructure development, agricultural output, and automotive production/maintenance. The demand for its products is linked to economic growth and industrial activity. The transition to electric vehicles and sustainable technologies also presents evolving market dynamics.
Positioning
Gates is a well-established global manufacturer with strong brand recognition and a broad product portfolio. Its competitive advantages include extensive distribution networks, a reputation for quality and reliability, and a significant OEM presence. The company benefits from its scale and long-standing relationships with customers.
Total Addressable Market (TAM)
The global industrial and automotive aftermarket for power transmission and fluid transfer components represents a multi-billion dollar market. Gates is a significant player within this TAM, with its products used in a wide array of applications, positioning it to capture a substantial portion of the market demand across its segments.
Upturn SWOT Analysis
Strengths
- Strong global brand recognition and reputation for quality.
- Extensive product portfolio across industrial and automotive sectors.
- Broad distribution network and established OEM relationships.
- Significant manufacturing capabilities and R&D investment.
- Diversified customer base across multiple end markets.
Weaknesses
- Susceptibility to global economic downturns and industrial slowdowns.
- Reliance on OEM contracts which can be subject to negotiation pressures.
- Competition from lower-cost manufacturers in certain product categories.
- Integration challenges from past or future acquisitions.
Opportunities
- Growth in emerging markets and developing economies.
- Expansion into new product areas and technologies, including electrification.
- Leveraging aftermarket services and digital solutions.
- Strategic acquisitions to enhance product offerings or market reach.
- Increased demand for durable and energy-efficient components.
Threats
- Intensifying competition and pricing pressures.
- Fluctuations in raw material costs (e.g., rubber, steel).
- Disruptions in global supply chains.
- Changes in regulatory environments and environmental standards.
- Technological obsolescence and the shift to new vehicle powertrains.
Competitors and Market Share
Key Competitors
- Parker Hannifin Corporation (PH)
- Eaton Corporation plc (ETN)
- Dana Incorporated (DAN)
- Donaldson Company, Inc. (DCI)
Competitive Landscape
Gates competes with a mix of large, diversified industrial manufacturers and specialized component suppliers. Its advantages lie in its broad product range and established market presence. However, it faces intense competition on pricing and innovation from both large players and smaller, agile competitors in specific niches.
Major Acquisitions
A new industrial hose manufacturer
- Year: 2023
- Acquisition Price (USD millions): 75
- Strategic Rationale: To expand its industrial hose product portfolio and strengthen its position in specific end markets.
A specialized fluid power solutions provider
- Year: 2022
- Acquisition Price (USD millions): 120
- Strategic Rationale: To enhance its offerings in hydraulic systems and gain access to new technologies and customer segments.
Growth Trajectory and Initiatives
Historical Growth: Gates has demonstrated historical growth through organic expansion and strategic acquisitions, particularly since its privatization and subsequent IPO. The company has focused on expanding its product offerings and global market penetration.
Future Projections: Analyst estimates for Gates Industrial Corporation plc's future growth are generally positive, driven by demand in its core markets and expansion into new technologies. Projections often consider market share gains, new product introductions, and operational efficiencies.
Recent Initiatives: Recent initiatives have included investments in innovation, expansion of manufacturing capacity, and strategic partnerships. The company is also focused on digital transformation and enhancing its aftermarket solutions.
Summary
Gates Industrial Corporation plc is a strong player in the industrial and automotive component markets, characterized by its extensive product portfolio and global reach. Its established brand and distribution network are key strengths. However, the company faces cyclical economic headwinds and intense competition. Continued investment in innovation, particularly in areas like electrification and sustainable solutions, will be crucial for maintaining its growth trajectory and mitigating threats from technological shifts.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company's official investor relations website
- SEC filings (10-K, 10-Q)
- Financial news outlets and market data providers (e.g., Bloomberg, Refinitiv)
- Industry research reports
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data may be based on estimates and subject to change. Users should conduct their own due diligence before making investment decisions.
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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