Professional
Added to YB: 2025-07-21
Pitch date: 2025-06-30
GTES [neutral]
Gates Industrial Corporation plc
+20.84%
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
$22.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.44
P/E
29.14
EV/Sales
2.62
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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