Gates Story

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GTES -- USA Stock  

USD 15.64  0.80  4.87%

Gates Industrial is currently generating 0.3092% in daily expected returns and assumes 2.096% risk (volatility on return distribution) over the 60 days horizon. Although many risk-takers are getting more into industrials space, some of us are not very happy with Gates Industrial's current volatility. We will go over odds for Gates Industrial to generate above-average margins before the next press release.
Published over two weeks ago
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Gates Industrial currently holds roughly 672.3 M in cash with 331.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.31.
Volatility is a rate at which the price of Gates Industrial or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Gates Industrial may increase or decrease. In other words, similar to Gates's beta indicator, it measures the risk of Gates Industrial and helps estimate the fluctuations that may happen in a short period of time. So if prices of Gates Industrial fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Gates Industrial's Liquidity

Gates Industrial financial leverage refers to using borrowed capital as a funding source to finance Gates Industrial Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Gates Industrial financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Gates Industrial's total debt and its cash.

How Gates utilizes its cash?

To perform a cash flow analysis of Gates Industrial, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Gates Industrial is receiving and how much cash it distributes out in a given period. The Gates Industrial cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Gates Industrial Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Gates Industrial reported last year Net Cash Flow from Operations of 309 Million

Gates Industrial Volatility Drivers

Gates Industrial unsystematic risk is unique to Gates Industrial Corp and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Gates Industrial you can also buy Barnes Group. You can also mitigate this risk by investing in the specialty industrial machinery sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Gates Industrial important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Gates Industrial income statement and balance sheet. Here are more details about Gates volatility.
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