Financials GE Aerospace Euronext Paris

Equities

GNE

US3696043013

Consumer Goods Conglomerates

Real-time Euronext Paris 11:20:46 03/05/2024 BST 5-day change 1st Jan Change
150.5 EUR -0.66% Intraday chart for GE Aerospace +1.01% +30.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 97,466 94,607 103,696 91,555 138,911 178,027 - -
Enterprise Value (EV) 1 145,352 126,954 123,111 106,643 142,908 172,821 170,789 170,565
P/E ratio -1,116 x 18.3 x -15.3 x -1,397 x 15.3 x 35 x 29.9 x 26.4 x
Yield 0.36% 0.37% 0.34% 0.38% 0.25% 0.61% 0.6% 0.72%
Capitalization / Revenue 1.02 x 1.19 x 1.4 x 1.2 x 2.04 x 4.89 x 4.38 x 4 x
EV / Revenue 1.53 x 1.59 x 1.66 x 1.39 x 2.1 x 4.75 x 4.2 x 3.83 x
EV / EBITDA 12.9 x 23.3 x 14 x 10.7 x 17.4 x 21.8 x 18.9 x 17.2 x
EV / FCF 60.6 x 209 x 59.1 x 22.4 x 27.7 x 33.1 x 28.4 x 24.7 x
FCF Yield 1.65% 0.48% 1.69% 4.46% 3.6% 3.02% 3.53% 4.05%
Price to Book 3.44 x 2.66 x 2.57 x 2.53 x 5.08 x 7.28 x 7.33 x 7.06 x
Nbr of stocks (in thousands) 1,091,694 1,094,984 1,097,663 1,092,668 1,088,386 1,094,607 - -
Reference price 2 89.28 86.40 94.47 83.79 127.6 162.6 162.6 162.6
Announcement Date 29/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 95,214 79,619 74,196 76,555 67,954 36,375 40,640 44,541
EBITDA 1 11,286 5,453 8,787 10,000 8,205 7,916 9,037 9,903
EBIT 1 10,436 3,848 5,778 6,456 6,126 6,642 7,602 8,400
Operating Margin 10.96% 4.83% 7.79% 8.43% 9.01% 18.26% 18.71% 18.86%
Earnings before Tax (EBT) 1 1,149 5,197 -3,683 1,412 10,191 7,289 7,984 9,075
Net income 1 -44 5,355 -6,757 -64 9,186 4,451 5,718 6,274
Net margin -0.05% 6.73% -9.11% -0.08% 13.52% 12.24% 14.07% 14.09%
EPS 2 -0.0800 4.720 -6.160 -0.0600 8.360 4.641 5.436 6.171
Free Cash Flow 1 2,398 606 2,082 4,758 5,150 5,227 6,023 6,914
FCF margin 2.52% 0.76% 2.81% 6.22% 7.58% 14.37% 14.82% 15.52%
FCF Conversion (EBITDA) 21.25% 11.11% 23.69% 47.58% 62.77% 66.04% 66.65% 69.82%
FCF Conversion (Net income) - 11.32% - - 56.06% 117.44% 105.34% 110.2%
Dividend per Share 2 0.3200 0.3200 0.3200 0.3200 0.3200 0.9967 0.9732 1.170
Announcement Date 29/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 20,303 17,040 18,646 19,084 21,786 14,486 16,699 17,346 19,423 16,053 8,844 9,559 9,962 9,219 9,902
EBITDA 1 2,738 2,560 2,380 1,848 3,212 1,494 2,008 2,160 2,544 2,055 1,894 2,042 2,002 2,021 2,149
EBIT 1 1,979 1,075 1,701 1,204 2,476 987 1,497 1,633 2,010 1,532 1,619 1,731 1,714 1,672 1,791
Operating Margin 9.75% 6.31% 9.12% 6.31% 11.37% 6.81% 8.96% 9.41% 10.35% 9.54% 18.31% 18.11% 17.2% 18.14% 18.09%
Earnings before Tax (EBT) 1 -3,467 -525 -244 -55 2,237 6,492 1,390 300 2,009 1,866 1,785 1,722 1,878 1,857 1,949
Net income 1 -3,900 -809 -648 -153 2,125 7,360 996 84 1,591 - 1,211 1,174 542 - -
Net margin -19.21% -4.75% -3.48% -0.8% 9.75% 50.81% 5.96% 0.48% 8.19% - 13.69% 12.28% 5.44% - -
EPS 2 -3.550 -0.7400 -0.5900 -0.1400 1.930 6.710 0.9100 0.0800 1.450 1.390 1.197 1.167 0.9499 1.359 1.438
Dividend per Share 2 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.2800 0.1600 0.1800 0.1800 0.1975 0.1467
Announcement Date 25/01/22 26/04/22 26/07/22 25/10/22 24/01/23 25/04/23 25/07/23 24/10/23 23/01/24 23/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 47,886 32,347 19,415 15,088 3,997 - - -
Net Cash position 1 - - - - - 5,206 7,238 7,462
Leverage (Debt/EBITDA) 4.243 x 5.932 x 2.21 x 1.509 x 0.4871 x - - -
Free Cash Flow 1 2,398 606 2,082 4,758 5,150 5,227 6,023 6,914
ROE (net income / shareholders' equity) 19.1% 0.34% 6.12% 7.51% 10.1% 20.8% 21.9% 23.7%
ROA (Net income/ Total Assets) 1.97% 2.07% 1.02% 1.49% 1.75% 4.53% 5.39% 5.93%
Assets 1 -2,239 259,309 -662,146 -4,295 523,896 98,262 106,107 105,722
Book Value Per Share 2 26.00 32.50 36.70 33.20 25.10 22.30 22.20 23.00
Cash Flow per Share 2 4.230 -1.140 3.030 5.330 4.710 4.520 7.400 8.180
Capex 1 2,216 1,579 1,250 1,371 1,595 975 1,143 1,209
Capex / Sales 2.33% 1.98% 1.68% 1.79% 2.35% 2.68% 2.81% 2.71%
Announcement Date 29/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
162.6 USD
Average target price
180.7 USD
Spread / Average Target
+11.10%
Consensus