Company Valuation: Gates Industrial Corporation Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,645 3,223 3,544 5,240 5,545 6,830 - -
Change - -30.61% 9.98% 47.83% 5.84% 23.17% - -
Enterprise Value (EV) 1 6,551 5,107 5,275 6,908 6,966 7,988 7,575 6,953
Change - -22.04% 3.29% 30.95% 0.83% 14.68% -5.18% -8.21%
P/E 15.9x 14.8x 16x 27.8x 22.4x 24.1x 20.2x 17.7x
PBR 1.5x 1.06x 1.1x 1.74x 1.63x 1.86x 1.76x 1.56x
PEG - -0.6x 1.76x -2.3x 0.8x 1.5x 1x 1.3x
Capitalization / Revenue 1.34x 0.91x 0.99x 1.54x 1.61x 1.91x 1.83x 1.76x
EV / Revenue 1.89x 1.44x 1.48x 2.03x 2.02x 2.23x 2.03x 1.79x
EV / EBITDA 8.9x 7.5x 7.06x 9.08x 9.05x 9.91x 8.54x 7.4x
EV / EBIT 13.5x 13.3x 11.4x 14.4x 10.4x 11.4x 9.75x 8.29x
EV / FCF 21.5x 27.1x 12.6x 23.3x 19.1x 19.9x 17.3x 14.1x
FCF Yield 4.65% 3.68% 7.96% 4.29% 5.23% 5.02% 5.79% 7.11%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1 0.77 0.84 0.74 0.96 1.115 1.333 1.52
Distribution rate - - - - - - - -
Net sales 1 3,474 3,554 3,570 3,408 3,443 3,579 3,739 3,878
EBITDA 1 735.8 680.6 747 761.1 770.1 805.8 886.9 939.5
EBIT 1 484.1 384 462.6 478.7 672.1 700.8 777 838.9
Net income 1 297.1 220.8 232.9 194.9 251.4 282.9 328.7 364.4
Net Debt 1 1,906 1,885 1,731 1,669 1,420 1,158 744.7 123.2
Reference price 2 15.91 11.41 13.42 20.57 21.47 26.89 26.89 26.89
Nbr of stocks (in thousands) 291,935 282,448 264,109 254,718 258,280 254,000 - -
Announcement Date 7/2/22 9/2/23 8/2/24 6/2/25 12/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.12x2.23x9.91x-.--% 6.83B
15.47x - - - 14.14B
22.31x2.78x12.17x2.05% 9.62B
281.55x60.3x202.33x0.13% 8B
19.4x1.72x10.12x2.11% 6.21B
88.41x28.8x72.75x0.25% 6.09B
104.54x8.24x36.68x0.37% 3.79B
37.5x3.92x18.2x0.91% 3.42B
23.2x - - - 2.4B
17.74x - - - 2.26B
Average 63.42x 15.43x 51.74x 0.83% 6.28B
Weighted average by Cap. 65.80x 17.17x 57.10x 0.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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