Stocktoria

Gates Industrial Corp plc GTES

NYSE · stock · General Industrial Machinery & Equipment · website · IPO 2018-01-25

Gates Industrial Corp plc statistics & valuation

Market cap$7.3B
P / E29.1×
P / S2.1×
P / B2.0×
P / FCF18.1×
Net margin7.3%
Return on equity6.8%
FCF margin11.8%
Net debt$1.4B
Net debt / EBITDA2.1×
Enterprise value USD$8.7B
EV / EBITDA12.9×
Earnings yield EBIT/EV5.3%
Return on capital7.3%
Graham number -37.2%$17.49

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.49); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.00% 7.30% 22.40% 2.80% 8.60% 6.20% 6.50% 5.70% 7.30% 201720182019202120222022202320242025
Gross margin (%)
40.00% 39.70% 37.00% 37.00% 38.50% 35.20% 38.10% 39.90% 39.80% 201720182019202120222022202320242025
Operating margin (%)
13.20% 14.80% 11.20% 7.60% 13.90% 10.80% 12.90% 13.90% 13.50% 201720182019202120222022202320242025
Return on equity (%)
10.60% 10.50% 22.90% 2.50% 8.50% 6.40% 6.60% 5.80% 6.80% 201720182019202120222022202320242025
Shares outstanding
250.5M 291.7M 291.6M 292.1M 297.3M 287.6M 275.6M 264.7M 260.5M 201720182019202120222022202320242025
Net debt ($)
$3.39B $2.58B $2.32B $2.19B $1.91B $1.88B $1.73B $1.67B $1.42B 201720182019202120222022202320242025
Share buybacks ($)
201720182019202120222022202320242025
Return on assets (%)
2.20% 3.60% 9.30% 1.10% 3.90% 3.10% 3.20% 2.90% 3.50% 201720182019202120222022202320242025
Free cash flow margin (%)
7.20% 4.40% 9.00% 9.00% 8.80% 5.30% 11.80% 8.70% 11.80% 201720182019202120222022202320242025
Debt / equity (×)
2.77× 1.29× 0.98× 0.85× 0.74× 0.72× 0.69× 0.70× 0.61× 201720182019202120222022202320242025
EPS ($)
$0.60 $0.84 $2.37 $0.27 $1.00 $0.77 $0.84 $0.74 $0.96 201720182019202120222022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Gates Industrial Corp plc trades at about 29× earnings — above its 10-year norm (10-year range 5.3×–52.3×, median 17.7×).

5.3× 52.3×

Shaded band = 10-year range (5.3×–52.3×); dot = today's 29×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2022FY2021FY2019FY2018FY2017
Gross margin39.8%39.9%38.1%35.2%38.5%37.0%37.0%39.7%40.0%
Operating margin13.5%13.9%12.9%10.8%13.9%7.6%11.2%14.8%13.2%
Net margin7.3%5.7%6.5%6.2%8.6%2.8%22.4%7.3%5.0%
FCF margin11.8%8.7%11.8%5.3%8.8%9.0%9.0%4.4%7.2%
Return on assets3.5%2.9%3.2%3.1%3.9%1.1%9.3%3.6%2.2%
Return on equity6.8%5.8%6.6%6.4%8.5%2.5%22.9%10.5%10.6%
Debt / equity0.61×0.70×0.69×0.72×0.74×0.85×0.98×1.29×2.77×
Current ratio3.373.203.083.032.662.632.982.672.62

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.