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 6,962 - -
Change - -30.61% 9.98% 47.83% 5.84% 25.55% - -
Enterprise Value (EV) 1 6,551 5,107 5,275 6,908 6,966 8,120 7,707 7,085
Change - -22.04% 3.29% 30.95% 0.83% 16.58% -5.09% -8.06%
P/E 15.9x 14.8x 16x 27.8x 22.4x 24.6x 20.6x 18x
PBR 1.5x 1.06x 1.1x 1.74x 1.63x 1.9x 1.79x 1.59x
PEG - -0.6x 1.76x -2.3x 0.8x 1.5x 1.1x 1.3x
Capitalization / Revenue 1.34x 0.91x 0.99x 1.54x 1.61x 1.95x 1.86x 1.8x
EV / Revenue 1.89x 1.44x 1.48x 2.03x 2.02x 2.27x 2.06x 1.83x
EV / EBITDA 8.9x 7.5x 7.06x 9.08x 9.05x 10.1x 8.69x 7.54x
EV / EBIT 13.5x 13.3x 11.4x 14.4x 10.4x 11.6x 9.92x 8.45x
EV / FCF 21.5x 27.1x 12.6x 23.3x 19.1x 20.2x 17.6x 14.3x
FCF Yield 4.65% 3.68% 7.96% 4.29% 5.23% 4.94% 5.69% 6.98%
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 27.41 27.41 27.41
Nbr of stocks (in thousands) 2,91,935 2,82,448 2,64,109 2,54,718 2,58,280 2,54,000 - -
Announcement Date 07/02/22 09/02/23 08/02/24 06/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.59x2.27x10.08x-.--% 696.21Cr
15.17x - - - 1.39TCr
22.3x2.78x12.11x2.05% 962.54Cr
301.95x64.88x215.09x0.12% 857.38Cr
94.3x30.74x77.65x0.24% 649.63Cr
21.99x1.81x10.93x1.96% 672.92Cr
109.64x8.66x38.56x0.35% 399.31Cr
38.4x4.02x18.63x0.89% 349.6Cr
23.69x - - - 245.21Cr
18.44x - - - 234.65Cr
Average 67.05x 16.45x 54.72x 0.8% 645.31Cr
Weighted average by Cap. 71.58x 18.73x 61.64x 0.87%

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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