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Gates Industrial (Gates Industrial) Cyclically Adjusted Price-to-FCF : 19.90 (As of Apr. 30, 2024)


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What is Gates Industrial Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Gates Industrial's current share price is $17.71. Gates Industrial's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.89. Gates Industrial's Cyclically Adjusted Price-to-FCF for today is 19.90.

The historical rank and industry rank for Gates Industrial's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

GTES' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.25   Med: 16.66   Max: 19.92
Current: 19.92

During the past 10 years, Gates Industrial's highest Cyclically Adjusted Price-to-FCF was 19.92. The lowest was 14.25. And the median was 16.66.

GTES's Cyclically Adjusted Price-to-FCF is ranked better than
70.78% of 1020 companies
in the Industrial Products industry
Industry Median: 32.835 vs GTES: 19.92

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Gates Industrial's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $1.486. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.89 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gates Industrial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gates Industrial's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gates Industrial Cyclically Adjusted Price-to-FCF Chart

Gates Industrial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 15.09

Gates Industrial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 15.09

Competitive Comparison of Gates Industrial's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Gates Industrial's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gates Industrial's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gates Industrial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Gates Industrial's Cyclically Adjusted Price-to-FCF falls into.



Gates Industrial Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Gates Industrial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.71/0.89
=19.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gates Industrial's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Gates Industrial's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.486/129.4194*129.4194
=1.486

Current CPI (Dec23) = 129.4194.

Gates Industrial Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.076 99.070 -0.099
201512 0.669 99.792 0.868
201612 1.087 101.863 1.381
201712 0.735 104.011 0.915
201812 0.448 105.998 0.547
201912 0.911 108.420 1.087
202012 0.827 109.897 0.974
202112 0.994 117.630 1.094
202212 0.622 125.222 0.643
202312 1.486 129.419 1.486

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Gates Industrial  (NYSE:GTES) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Gates Industrial Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Gates Industrial's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Gates Industrial (Gates Industrial) Business Description

Traded in Other Exchanges
Address
1144 Fifteenth Street, Denver, CO, USA, 80202
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
Executives
Omaha Aggregator (cayman) L.p. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-1 Holdco Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Gwendolyn Ann Montgomery officer: SVP, Global Human Resources 33587 WALKER RD, AVON LAKE OH 44012
Fredrik J Eliasson director 500 WATER STREET, JACKSONVILLE FL 32202
Seth Meisel director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Wilson S Neely director C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Bx Gates Ml-5 Holdco Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-4 Holdco Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-3 Holdco Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-2 Holdco Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Alicia L. Tillman director C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Thomas G. Pitstick officer: CMO & SVP Strategic Planning C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Peifang Zhang director 21640 E. BRIARWOOD DR., AURORA CO 80016
James W Ireland director C/O GATES INTERNATIONAL CORPORATION PLC, 1144 15TH STREET, SUITE 1400, DENVER CO 80202