Professional
Added to YB: 2025-04-30
Pitch date: 2025-03-31
GTES [bullish]
Gates Industrial Corporation plc
+51.91%
current return
Author Info
No bio for this author
Company Info
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.
Market Cap
$7.1B
Pitch Price
$18.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.44
P/E
29.14
EV/Sales
2.62
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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