Gates Industrial Corporation plc (GTES) - Net Assets
Based on the latest financial reports, Gates Industrial Corporation plc (GTES) has net assets worth $3.69 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.15 Billion) and total liabilities ($3.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GTES asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.69 Billion |
| % of Total Assets | 51.59% |
| Annual Growth Rate | 5.05% |
| 5-Year Change | 5.97% |
| 10-Year Change | 209.34% |
| Growth Volatility | 23.21 |
Gates Industrial Corporation plc - Net Assets Trend (2012–2025)
This chart illustrates how Gates Industrial Corporation plc's net assets have evolved over time, based on quarterly financial data. Also explore GTES asset base for the complete picture of this company's asset base.
Annual Net Assets for Gates Industrial Corporation plc (2012–2025)
The table below shows the annual net assets of Gates Industrial Corporation plc from 2012 to 2025. For live valuation and market cap data, see market cap of Gates Industrial Corporation plc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.69 Billion | +10.45% |
| 2024-12-31 | $3.34 Billion | -5.75% |
| 2023-12-31 | $3.54 Billion | +2.91% |
| 2022-12-31 | $3.44 Billion | -1.09% |
| 2021-12-31 | $3.48 Billion | +9.31% |
| 2020-12-31 | $3.19 Billion | +5.79% |
| 2019-12-31 | $3.01 Billion | +29.01% |
| 2018-12-31 | $2.33 Billion | +63.38% |
| 2017-12-31 | $1.43 Billion | +19.77% |
| 2016-12-31 | $1.19 Billion | 0.00% |
| 2015-12-31 | $1.19 Billion | -41.30% |
| 2013-12-31 | $2.03 Billion | +4.51% |
| 2012-12-31 | $1.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gates Industrial Corporation plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 130.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.65 Billion | 49.57% |
| Common Stock | $2.60 Million | 0.08% |
| Other Comprehensive Income | $-917.10 Million | -27.51% |
| Other Components | $2.60 Billion | 77.86% |
| Total Equity | $3.33 Billion | 100.00% |
Gates Industrial Corporation plc Competitors by Market Cap
The table below lists competitors of Gates Industrial Corporation plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bluestar Adisseo Co
SHG:600299
|
$5.99 Billion |
|
Shanghai Friendess Electronics Tech
SHG:688188
|
$5.99 Billion |
|
Nexans S.A.
PA:NEX
|
$6.01 Billion |
|
Reece Ltd
AU:REH
|
$6.01 Billion |
|
Nanya New Material Technology Co Ltd
SHG:688519
|
$5.98 Billion |
|
Shandong Xinchao Energy Co Ltd
SHG:600777
|
$5.98 Billion |
|
Hyundai Construction Equipment Co Ltd
KO:267270
|
$5.98 Billion |
|
Godrej Properties Limited
NSE:GODREJPROP
|
$5.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gates Industrial Corporation plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,023,600,000 to 3,334,000,000, a change of 310,400,000 (10.3%).
- Net income of 251,400,000 contributed positively to equity growth.
- Share repurchases of 119,300,000 reduced equity.
- New share issuances of 10,400,000 increased equity.
- Other comprehensive income increased equity by 160,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $251.40 Million | +7.54% |
| Share Repurchases | $119.30 Million | -3.58% |
| Share Issuances | $10.40 Million | +0.31% |
| Other Comprehensive Income | $160.10 Million | +4.8% |
| Other Changes | $7.80 Million | +0.23% |
| Total Change | $- | 10.27% |
Book Value vs Market Value Analysis
This analysis compares Gates Industrial Corporation plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.02x to 1.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $1558.10 | $24.06 | x |
| 2013-12-31 | $1652.25 | $24.06 | x |
| 2015-12-31 | $2.77 | $24.06 | x |
| 2016-12-31 | $2.77 | $24.06 | x |
| 2017-12-31 | $3.57 | $24.06 | x |
| 2018-12-31 | $6.68 | $24.06 | x |
| 2019-12-31 | $9.09 | $24.06 | x |
| 2020-12-31 | $9.60 | $24.06 | x |
| 2021-12-31 | $10.43 | $24.06 | x |
| 2022-12-31 | $10.81 | $24.06 | x |
| 2023-12-31 | $11.68 | $24.06 | x |
| 2024-12-31 | $11.48 | $24.06 | x |
| 2025-12-31 | $12.80 | $24.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gates Industrial Corporation plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.30%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.14x
- Recent ROE (7.54%) is above the historical average (6.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -2.30% | -1.33% | 0.57x | 3.00x | $-208.46 Million |
| 2013 | 5.97% | 3.64% | 0.60x | 2.75x | $-72.35 Million |
| 2015 | -18.07% | -4.67% | 0.46x | 8.35x | $-220.73 Million |
| 2016 | 3.17% | 0.91% | 0.42x | 8.35x | $-53.73 Million |
| 2017 | 14.91% | 4.97% | 0.44x | 6.76x | $49.84 Million |
| 2018 | 12.60% | 7.33% | 0.50x | 3.45x | $50.56 Million |
| 2019 | 26.03% | 22.35% | 0.42x | 2.80x | $425.00 Million |
| 2020 | 2.83% | 2.84% | 0.38x | 2.65x | $-201.17 Million |
| 2021 | 9.58% | 8.55% | 0.46x | 2.43x | $-12.87 Million |
| 2022 | 7.10% | 6.21% | 0.49x | 2.31x | $-90.20 Million |
| 2023 | 7.23% | 6.52% | 0.49x | 2.25x | $-89.12 Million |
| 2024 | 6.45% | 5.72% | 0.50x | 2.24x | $-107.46 Million |
| 2025 | 7.54% | 7.30% | 0.48x | 2.14x | $-82.00 Million |
Industry Comparison
This section compares Gates Industrial Corporation plc's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $423,177,531
- Average return on equity (ROE) among peers: 6.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gates Industrial Corporation plc (GTES) | $3.69 Billion | -2.30% | 0.94x | $5.98 Billion |
| Ametek Inc (AME) | $252.90 Million | 16.29% | 1.13x | $53.06 Billion |
| American Superconductor Corporation (AMSC) | $22.10 Million | -19.46% | 0.09x | $1.72 Billion |
| Smith AO Corporation (AOS) | $1.72 Billion | 25.87% | 0.79x | $6.84 Billion |
| ATS Corporation (ATS) | $143.40 Million | 13.67% | 0.65x | $2.89 Billion |
| Babcock & Wilcox Enterprises Inc (BW) | $-294.94 Million | 0.00% | 0.00x | $1.90 Billion |
| Broadwind Energy Inc (BWEN) | $59.40 Million | 1.94% | 1.16x | $50.81 Million |
| Clean Energy Technologies, Inc. Common Stock (CETY) | $-4.80 Million | 0.00% | 0.00x | $5.97 Million |
| Cummins Inc (CMI) | $933.00 Million | 8.79% | 4.18x | $74.50 Billion |
| Crane Company (CR) | $1.15 Billion | 10.72% | 1.99x | $9.93 Billion |
| CSW Industrials, Inc. (CSW) | $258.01 Million | 9.87% | 0.52x | $4.86 Billion |
About Gates Industrial Corporation plc
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. It operates through two segments, Power Transmission and Fluid Power. The company offers solutions for stationary and… Read more