Professional
Added to YB: 2024-04-24
Pitch date: 2024-03-31
GTES [bullish]
Gates Industrial Corporation plc
+56.54%
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
$17.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.44
P/E
29.14
EV/Sales
2.62
Sector
Machinery
Category
growth
Fiduciary Management Portfolio Holding: Gates Industrial Corporation plc
GTES: Engineered power transmission & fluid power solutions leader. Blackstone 27% overhang, destocking & end market challenges provide opportunity in high-quality industrial with solid through-cycle growth prospects & re-rating potential from 12x 2024 P/E. Replacement-driven markets + growth initiatives (chain-to-belt conversions, personal mobility, auto aftermarket) drive 2x industrial production revenue growth. Margin expansion from cost reduction & productivity initiatives. Attractive EPS growth & return profile warrant re-rating vs high-quality industrial peers.
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