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Gates Industrial (GTES)

(Real Time Quote from BATS)

$16.53 USD

16.53
884,881

+0.41 (2.54%)

Updated Aug 8, 2024 02:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth D Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 14% (36 out of 250)

Industry: Engineering - R and D Services

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Balance Sheet

Research for GTES

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Gates Industrial Corporation PLC falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 721 578 658 521 635
Receivables 799 822 727 724 717
Notes Receivable 0 0 0 0 0
Inventories 647 656 683 508 475
Other Current Assets 235 221 211 153 131
Total Current Assets 2,401 2,277 2,279 1,907 1,959
Net Property & Equipment 630 638 670 705 728
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 19 15 16 27 23
Deferred Charges 622 600 639 673 587
Intangibles 3,425 3,472 3,705 3,909 3,937
Deposits & Other Assets 37 58 100 86 55
Total Assets 7,255 7,192 7,533 7,426 7,411
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 458 470 507 417 375
Current Portion Long-Term Debt 37 37 38 43 46
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 249 223 277 252 189
Income Taxes Payable 37 24 34 14 49
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 779 752 856 726 658
Mortgages 0 0 0 0 0
Deferred Taxes/Income 119 192 284 360 369
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,494 2,506 2,630 2,778 3,021
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 207 176 165 264 236
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 3,711 3,748 4,052 4,241 4,401
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3 3 3 3 3
Capital Surplus 2,584 2,542 2,484 2,457 2,435
Retained Earnings 1,462 1,483 1,438 1,151 1,072
Other Equity -505 -584 -444 -426 -499
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,544 3,444 3,481 3,185 3,011
Total Liabilities & Shareholder's Equity 7,255 7,192 7,533 7,426 7,411
Total Common Equity 3,544 3,444 3,481 3,185 3,011
Shares Outstanding 264.10 282.20 290.10 290.10 290.10
Book Value Per Share 13.42 12.20 12.00 10.98 10.38

Fiscal Year End for Gates Industrial Corporation PLC falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 580 522 721 557 565
Receivables 862 842 799 872 915
Notes Receivable 0 0 0 0 0
Inventories 697 677 647 646 644
Other Current Assets 238 246 235 243 250
Total Current Assets 2,377 2,287 2,401 2,318 2,374
Net Property & Equipment 600 619 630 616 634
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 18 18 19 15 15
Deferred Charges 608 607 622 608 618
Intangibles 3,276 3,360 3,425 3,384 3,457
Deposits & Other Assets 29 34 37 48 53
Total Assets 7,035 7,046 7,255 7,109 7,277
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 441 451 458 441 471
Current Portion Long-Term Debt 22 28 37 28 37
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 239 224 249 243 238
Income Taxes Payable 61 45 37 68 53
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 763 748 779 780 798
Mortgages 0 0 0 0 0
Deferred Taxes/Income 106 114 119 166 177
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,386 2,396 2,494 2,483 2,598
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 167 207 157 196
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 3,541 3,551 3,711 3,697 3,886
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3 3 3 3 3
Capital Surplus 2,601 2,590 2,584 2,576 2,573
Retained Earnings 1,523 1,452 1,462 1,399 1,321
Other Equity -632 -549 -505 -565 -505
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,494 3,495 3,544 3,412 3,391
Total Liabilities & Shareholder's Equity 7,035 7,046 7,255 7,109 7,277
Total Common Equity 3,494 3,495 3,544 3,412 3,391
Shares Outstanding 261.60 261.30 264.10 264.00 282.20
Book Value Per Share 13.36 13.38 13.42 12.93 12.02