Professional
Added to YB: 2025-04-30
Pitch date: 2025-03-31
GTES [bullish]
Gates Industrial Corporation plc
+19.86%
current return
Author Info
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Company Info
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide.
Market Cap
$5.6B
Pitch Price
$18.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.83
P/E
23.99
EV/Sales
2.24
Sector
Machinery
Category
value
Heartland Value Plus Fund Portfolio Holding: Gates Industrial Corporation plc
GTES (holding update): Resilient belts/hoses maker for auto/industrial use. 36% revenues from auto replacement parts benefit if tariffs extend vehicle life. Less cyclical than peers in downturn, upside in recovery. Margin improvements from cost cuts, footprint optimization. Reduced leverage to 2.2x net debt/EBITDA enables share buybacks. Cheap at 13x P/E, 9x EBITDA.
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