Professional
Added to YB: 2025-07-21
Pitch date: 2025-06-30
GTES [neutral]
Gates Industrial Corporation plc
-4.66%
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
$22.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.83
P/E
23.99
EV/Sales
2.24
Sector
Machinery
Category
value
Heartland Advisors Value Plus Fund Portfolio Holding: Gates Industrial Corporation plc
GTES (holding update): Manufacturer of mission-critical belts/hoses for vehicles & industrial machines. 68% revenue from replacements. Recent 19% selloff on Trump tariff fears overdone - less Asia exposure vs peers & pricing power. Confirmed by maintained guidance despite tariffs. Cost reduction program protecting margins. Trades at just 14x P/E, 10x EBITDA despite 45% recovery.
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