$Gates Industrial (GTES.US)$Revenue has fluctuated little in...
$Gates Industrial (GTES.US)$Revenue has fluctuated little in the past 5 years. The operating profit curve is similar to revenue. It also declined in 2019 and 2020, rebounded in 2021, and net profit was affected by tax rebates. At one point, it reached 700 million yuan in 2019. The average growth rate over the past 5 years was 31%. The average growth rate in the past 3 years was 7%, and the growth rate declined rapidly.
There was almost no change in revenue for the first three quarters of 2022, with operating profit falling 29% and net profit falling 42%.
Gross margin fell from 40% to 38.5% in the past 5 years, and plummeted to 36% in the first 3 quarters of 2022, which is consistent with the performance of the entire sector.
The balance ratio has declined from 79% to 54% in the past 5 years.
The balance sheet shows that accounts receivable and inventory growth are relatively normal. Goodwill and other intangible assets are worth 3.705 billion yuan, accounting for half of total assets, more than 200 million in net assets, and relatively poor assets.
Long-term loans have been reduced from $2.95 billion to $2.53 billion over the past 5 years, and to $2.47 billion in the first 3 quarters of 2022, indicating that management's efforts to reduce debt have continued.
Over the past 5 years, the net operating amount has continued to be higher than the net investment amount, and shareholders' surpluses are high.
Currently, the price-earnings ratio is 13, and the price-earnings ratio is 19.6, which is not very attractive in the short term.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
