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Gates Industrial Corporation plc is a specialty industrial machinery business based in the US. Gates Industrial Corporation shares (GTES) are listed on the NYSE and all prices are listed in US Dollars. Gates Industrial Corporation employs 14,300 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$7.95 - $18.22|
|50-day moving average||$16.69|
|200-day moving average||$14.51|
|Wall St. target price||$20.13|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.27|
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Valuing Gates Industrial Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Gates Industrial Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Gates Industrial Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 65x. In other words, Gates Industrial Corporation shares trade at around 65x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Gates Industrial Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $490.2 million.
The EBITDA is a measure of a Gates Industrial Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$2.8 billion|
|Operating margin TTM||9.72%|
|Gross profit TTM||$1 billion|
|Return on assets TTM||2.29%|
|Return on equity TTM||2.92%|
|Market capitalisation||$5.1 billion|
TTM: trailing 12 months
There are currently 1.1 million Gates Industrial Corporation shares held short by investors – that's known as Gates Industrial Corporation's "short interest". This figure is 19.7% down from 1.4 million last month.
There are a few different ways that this level of interest in shorting Gates Industrial Corporation shares can be evaluated.
Gates Industrial Corporation's "short interest ratio" (SIR) is the quantity of Gates Industrial Corporation shares currently shorted divided by the average quantity of Gates Industrial Corporation shares traded daily (recently around 729449.66887417). Gates Industrial Corporation's SIR currently stands at 1.51. In other words for every 100,000 Gates Industrial Corporation shares traded daily on the market, roughly 1510 shares are currently held short.
However Gates Industrial Corporation's short interest can also be evaluated against the total number of Gates Industrial Corporation shares, or, against the total number of tradable Gates Industrial Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Gates Industrial Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Gates Industrial Corporation shares in existence, roughly 0 shares are currently held short) or 0.0247% of the tradable shares (for every 100,000 tradable Gates Industrial Corporation shares, roughly 25 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Gates Industrial Corporation.
Find out more about how you can short Gates Industrial Corporation stock.
We're not expecting Gates Industrial Corporation to pay a dividend over the next 12 months.
Over the last 12 months, Gates Industrial Corporation's shares have ranged in value from as little as $7.95 up to $18.22. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Gates Industrial Corporation's is 1.8456. This would suggest that Gates Industrial Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; and metal drive components and kits for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms. It also provides fluid power products comprising hydraulic hoses, tubing, and fittings, as well as assemblies; and engine and industrial hoses for use in stationary hydraulics, mobile hydraulics, engine systems, and other industrial applications. The company serves various end markets, including construction, agriculture, energy, automotive, transportation, general industrial, consumer products, and others. It sells its engineered products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers as specified components. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.
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