General Electric
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General Electric Company operates as a digital industrial company worldwide. The last earnings update was 12 days ago. More info.
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- General Electric has significant price volatility in the past 3 months.
GE Share Price and Events
7 Day Returns
1 Year Returns
GE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| General Electric (GE) | -7.6% | -30.4% | -31.1% | -58.1% | -72% | -68.2% |
| US Industrials | 1.3% | -6.3% | -8% | -14.3% | 15.4% | 41.2% |
| US Market | 1.6% | 2.3% | -2.2% | 12.4% | 55.2% | 105.4% |
1 Year Return vs Industry and Market
- GE underperformed the Industrials industry which returned -14.3% over the past year.
- GE underperformed the Market in United States of America which returned 12.4% over the past year.
GE Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
General Electric
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for General Electric.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 3% |
| Equity Risk Premium | S&P Global | 7.1% |
| Industrials Unlevered Beta | Simply Wall St/ S&P Global | 0.88 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.884 (1 + (1- 21%) (154.05%)) |
1.961 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.96 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.961 * 7.05%) |
16.77% |
Discounted Cash Flow Calculation for NYSE:GE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for General Electric is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 5,876.18 | 8,176.58 | 11,235.00 | 11,598.00 | 11,414.46 |
| Source | Analyst x9 | Analyst x5 | Analyst x2 | Analyst x1 | Est @ -1.58% |
|
Present Value Discounted (@ 16.77%) |
5,032.08 | 5,996.21 | 7,055.55 | 6,237.25 | 5,256.76 |
| Present value of next 5 years cash flows | $29,577.85 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $11,414.46 × (1 + 2.95%) ÷ (16.77% – 2.95%) |
$85,003.58 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $85,003.58 ÷ (1 + 16.77%)5 |
$39,147.14 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $29,577.85 + $39,147.14 |
$68,724.99 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $68,724.99 / 8,698.12 |
$7.9 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $7.90 |
| Current discount | Discount to share price of
$8.58
= -1 x ($8.58 - $7.90) / $7.90 |
-8.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of General Electric is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for General Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
General Electric's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $-3.48 |
| NYSE:GE Share Price ** | NYSE (2018-11-09) in USD | $8.58 |
| United States of America Industrials Industry PE Ratio | Median Figure of 5 Publicly-Listed Industrials Companies | 27.02x |
| United States of America Market PE Ratio | Median Figure of 2,971 Publicly-Listed Companies | 18.17x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of General Electric.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GE Share Price ÷ EPS (both in USD) = 8.58 ÷ -3.48 |
-2.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- General Electric is loss making, we can't compare its value to the US Industrials industry average.
- General Electric is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
General Electric's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -2.47x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
87.5%per year |
| United States of America Industrials Industry PEG Ratio | Median Figure of 5 Publicly-Listed Industrials Companies | 5.32x |
| United States of America Market PEG Ratio | Median Figure of 2,086 Publicly-Listed Companies | 1.27x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = -2.47x ÷ 87.5% |
-0.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- General Electric is loss making, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
General Electric's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $3.62 |
| NYSE:GE Share Price * | NYSE (2018-11-09) in USD | $8.58 |
| United States of America Industrials Industry PB Ratio | Median Figure of 6 Publicly-Listed Industrials Companies | 4.68x |
| United States of America Market PB Ratio | Median Figure of 4,972 Publicly-Listed Companies | 1.88x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GE Share Price ÷ Book Value per Share (both in USD) = 8.58 ÷ 3.62 |
2.37x |
* Primary Listing of General Electric.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- General Electric is good value based on assets compared to the US Industrials industry average.
Value checks
We assess General Electric's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Industrials industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Industrials industry average (and greater than 0)? (1 check) General Electric has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
GE Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- General Electric's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
- General Electric's earnings growth is expected to exceed the United States of America market average.
- General Electric's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:GE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 87.5% |
| NYSE:GE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 1.7% |
| United States of America Industrials Industry Earnings Growth Rate | Market Cap Weighted Average | 24.6% |
| United States of America Industrials Industry Revenue Growth Rate | Market Cap Weighted Average | 1.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.4% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 136,660 | 3,146 | 12,227 | 2 |
| 2020-12-31 | 120,842 | 10,827 | 6,102 | 8 |
| 2019-12-31 | 121,276 | 9,533 | 5,911 | 14 |
| 2018-12-31 | 120,659 | 8,367 | -21,319 | 14 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 122,949 | 7,099 | -30,236 |
| 2018-06-30 | 124,037 | 10,338 | -5,961 |
| 2018-03-31 | 123,031 | 11,898 | -5,684 |
| 2017-12-31 | 121,252 | 10,426 | -5,931 |
| 2017-09-30 | 119,694 | 4,521 | 6,038 |
| 2017-06-30 | 118,070 | 4,626 | 6,709 |
| 2017-03-31 | 119,317 | -970 | 8,988 |
| 2016-12-31 | 120,273 | -244 | 9,116 |
| 2016-09-30 | 120,651 | 4,872 | 8,219 |
| 2016-06-30 | 119,471 | 4,671 | 8,086 |
| 2016-03-31 | 117,573 | 14,445 | 6,474 |
| 2015-12-31 | 115,834 | 19,891 | 1,672 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from General Electric Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 1.39 | 1.39 | 1.39 | 1.00 |
| 2020-12-31 | 0.42 | 0.57 | 0.27 | 2.00 |
| 2019-12-31 | 0.68 | 0.94 | 0.43 | 6.00 |
| 2018-12-31 | -2.22 | -1.27 | -2.59 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | -3.48 |
| 2018-06-30 | -0.69 |
| 2018-03-31 | -0.65 |
| 2017-12-31 | -0.68 |
| 2017-09-30 | 0.69 |
| 2017-06-30 | 0.76 |
| 2017-03-31 | 1.01 |
| 2016-12-31 | 1.01 |
| 2016-09-30 | 0.89 |
| 2016-06-30 | 0.85 |
| 2016-03-31 | 0.66 |
| 2015-12-31 | 0.17 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess General Electric's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
General Electric has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
GE Past Performance
How has General Electric performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- General Electric does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare General Electric's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare General Electric's 1-year growth to the US Industrials industry average as it is not currently profitable.
Earnings and Revenue History
All data from General Electric Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 122,949.00 | -30,236.00 | 17,127.00 | |
| 2018-06-30 | 124,037.00 | -5,961.00 | 17,575.00 | |
| 2018-03-31 | 123,031.00 | -5,684.00 | 17,095.00 | |
| 2017-12-31 | 121,252.00 | -5,931.00 | 17,099.00 | |
| 2017-09-30 | 119,694.00 | 6,038.00 | 14,734.00 | |
| 2017-06-30 | 118,070.00 | 6,709.00 | 14,315.00 | |
| 2017-03-31 | 119,317.00 | 8,988.00 | 14,958.00 | |
| 2016-12-31 | 120,273.00 | 9,116.00 | 15,212.00 | |
| 2016-09-30 | 120,651.00 | 8,219.00 | 16,450.00 | |
| 2016-06-30 | 119,471.00 | 8,086.00 | 16,392.00 | |
| 2016-03-31 | 117,573.00 | 6,474.00 | 16,205.00 | |
| 2015-12-31 | 115,834.00 | 1,672.00 | 16,327.00 | |
| 2015-09-30 | 104,864.00 | 585.00 | 6,215.00 | |
| 2015-06-30 | 109,113.00 | 1,454.00 | 9,624.00 | |
| 2015-03-31 | 112,927.00 | 2,656.00 | 11,624.00 | |
| 2014-12-31 | 116,981.00 | 9,514.00 | 14,774.00 | |
| 2014-09-30 | 134,620.00 | 13,007.00 | 25,083.00 | |
| 2014-06-30 | 138,174.00 | 13,458.00 | 26,662.00 | |
| 2014-03-31 | 140,973.00 | 13,831.00 | 29,334.00 | |
| 2013-12-31 | 112,888.00 | 7,601.00 | 14,231.00 | |
| 2013-09-30 | 144,890.00 | 14,471.00 | 35,934.00 | |
| 2013-06-30 | 145,483.00 | 14,639.00 | 36,125.00 | |
| 2013-03-31 | 146,547.00 | 15,040.00 | 35,991.00 | |
| 2012-12-31 | 127,891.00 | 11,793.00 | 26,497.00 | |
| 2012-09-30 | 141,724.00 | 14,309.00 | 36,370.00 | |
| 2012-06-30 | 140,834.00 | 13,267.00 | 36,926.00 | |
| 2012-03-31 | 144,034.00 | 13,104.00 | 36,884.00 | |
| 2011-12-31 | 142,837.00 | 13,091.00 | 36,841.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if General Electric has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if General Electric has efficiently used its assets last year compared to the US Industrials industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if General Electric improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess General Electric's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Industrials industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
General Electric has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
GE Health
How is General Electric's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up General Electric's finances.
The net worth of a company is the difference between its assets and liabilities.
- General Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- General Electric's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from General Electric Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 48,223.00 | 114,965.00 | 13,482.00 |
| 2018-06-30 | 75,130.00 | 115,573.00 | 13,411.00 |
| 2018-03-31 | 76,742.00 | 125,840.00 | 12,679.00 |
| 2017-12-31 | 85,385.00 | 134,591.00 | 18,211.00 |
| 2017-09-30 | 97,493.00 | 136,392.00 | 12,836.00 |
| 2017-06-30 | 78,975.00 | 134,402.00 | 14,220.00 |
| 2017-03-31 | 79,228.00 | 128,841.00 | 7,875.00 |
| 2016-12-31 | 80,516.00 | 136,211.00 | 10,525.00 |
| 2016-09-30 | 86,596.00 | 149,432.00 | 10,591.00 |
| 2016-06-30 | 89,754.00 | 156,436.00 | 9,931.00 |
| 2016-03-31 | 95,791.00 | 186,049.00 | 9,297.00 |
| 2015-12-31 | 103,110.00 | 197,602.00 | 10,372.00 |
| 2015-09-30 | 119,992.00 | 291,387.00 | 16,810.00 |
| 2015-06-30 | 118,279.00 | 315,963.00 | 17,022.00 |
| 2015-03-31 | 117,298.00 | 351,357.00 | 13,423.00 |
| 2014-12-31 | 136,931.00 | 261,424.00 | 15,916.00 |
| 2014-09-30 | 143,511.00 | 374,141.00 | 10,576.00 |
| 2014-06-30 | 140,067.00 | 378,717.00 | 10,235.00 |
| 2014-03-31 | 138,019.00 | 380,580.00 | 11,690.00 |
| 2013-12-31 | 136,783.00 | 353,687.00 | 13,682.00 |
| 2013-09-30 | 129,045.00 | 388,095.00 | 10,202.00 |
| 2013-06-30 | 128,811.00 | 387,316.00 | 19,180.00 |
| 2013-03-31 | 129,050.00 | 397,412.00 | 22,060.00 |
| 2012-12-31 | 128,470.00 | 413,799.00 | 15,415.00 |
| 2012-09-30 | 128,016.00 | 431,475.00 | 7,795.00 |
| 2012-06-30 | 123,899.00 | 428,774.00 | 8,043.00 |
| 2012-03-31 | 121,588.00 | 442,796.00 | 7,485.00 |
| 2011-12-31 | 118,134.00 | 453,443.00 | 7,799.00 |
- General Electric's level of debt (238.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (300.3% vs 238.4% today).
- Debt is not well covered by operating cash flow (6.2%, less than 20% of total debt).
- General Electric is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess General Electric's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) General Electric has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
GE Dividends
What is General Electric's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
General Electric
shares you are expected to receive
$112
in your first year as a dividend.
Dividend Amount
- General Electric's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.37%).
- General Electric's dividend is above the markets top 25% of dividend payers in United States of America (3.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| United States of America Industrials Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1977 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 0.15 | 4.00 |
| 2019-12-31 | 0.09 | 9.00 |
| 2018-12-31 | 0.39 | 10.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-09-07 | 0.480 | 4.137 |
| 2018-06-08 | 0.480 | 3.651 |
| 2018-02-09 | 0.480 | 3.396 |
| 2017-11-13 | 0.480 | 2.769 |
| 2017-09-07 | 0.960 | 4.226 |
| 2017-06-09 | 0.960 | 3.680 |
| 2017-02-10 | 0.960 | 3.283 |
| 2016-12-09 | 0.960 | 3.102 |
| 2016-09-09 | 0.920 | 3.083 |
| 2016-06-10 | 0.920 | 2.942 |
| 2016-02-12 | 0.920 | 3.037 |
| 2015-12-11 | 0.920 | 3.143 |
| 2015-09-11 | 0.920 | 3.256 |
| 2015-06-05 | 0.920 | 3.530 |
| 2015-02-06 | 0.920 | 3.513 |
| 2014-12-12 | 0.920 | 3.748 |
| 2014-09-05 | 0.880 | 3.415 |
| 2014-06-06 | 0.880 | 3.355 |
| 2014-02-07 | 0.880 | 3.381 |
| 2013-12-13 | 0.880 | 3.322 |
| 2013-09-13 | 0.760 | 2.965 |
| 2013-06-14 | 0.760 | 3.196 |
| 2013-02-15 | 0.760 | 3.284 |
| 2012-12-17 | 0.760 | 3.498 |
| 2012-09-07 | 0.680 | 3.138 |
| 2012-06-08 | 0.680 | 3.344 |
| 2012-02-10 | 0.680 | 3.529 |
| 2011-12-09 | 0.680 | 3.714 |
| 2011-09-02 | 0.600 | 3.776 |
| 2011-04-21 | 0.600 | 3.303 |
| 2011-02-11 | 0.560 | 2.763 |
| 2010-12-10 | 0.560 | 2.948 |
| 2010-07-23 | 0.480 | 2.984 |
| 2010-06-11 | 0.400 | 2.656 |
| 2010-02-12 | 0.400 | 2.311 |
| 2009-12-15 | 0.400 | 2.506 |
| 2009-09-04 | 0.400 | 2.543 |
| 2009-02-27 | 0.400 | 3.396 |
| 2009-02-06 | 1.240 | 12.104 |
| 2008-12-16 | 1.240 | 8.720 |
| 2008-11-12 | 1.240 | 7.548 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess General Electric's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can General Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) General Electric has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
GE Management
CEO
| AGE | 55 |
| TENURE AS CEO | 0.1 years |
CEO Bio
Mr. H. Lawrence Culp, Jr., also known as Larry, has been the Chairman and Chief Executive Officer of General Electric Company since October 1, 2018. He joined GE in 2018 as Lead Director. He served as the Chief Executive officer and President of Danaher Corporation from 2000 to 2014. Harvard Business Review named Mr. Culp as one of the Top 50 CEO’s in the world. He joined Danaher in 1990 at Veeder-Root, becoming president in 1993. He was appointed Group Executive and Corporate Officer in 1995, with responsibility for Danaher’s Environmental and Electronic Test and Measurement platforms. During this time, he also served as President of Fluke and Fluke Networks. In 1999, he became Executive Vice President, in 2001 Chief Operating officer, and in 2001 President and CEO. He is a Senior Lecturer at Harvard Business School, focusing on leadership, strategy and general management in the MBA and executive education programs. He is also a Senior Advisor at Bain Capital Private Equity since 2017, a member of the T. Rowe Price Group Board of Directors, and member and the immediate Past Chair of the Board of Visitors and Governors of his alma mater, Washington College. He also serves on the Wake Forest University Board of Trustees. Previously, he served on the Board of GlaxoSmithKline and Chaired the board of the Potomac School. A member of Phi Beta Kappa, he received a B.A. in Economics from Washington College and an MBA from Harvard Business School. He was ranked 38th on Harvard Business Review's list of the 100 best-performing Chief Executive Officer's in the world in 2014.
CEO Compensation
- Insufficient data for Larry to compare compensation growth.
- Insufficient data for Larry to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the General Electric management team in years:
- The average tenure for the General Electric management team is less than 2 years, this suggests a new team.
Management Team
Jamie Miller
Senior VP & CFO
$5M
49
1 yrs
David Joyce
Vice Chair
$5M
61
10.4 yrs
Larry Culp
Chairman & CEO
55
0.1 yrs
Aris Kekedjian
Head of Corporate Development & Chief Investment Officer
51
Tom Timko
VP, Controller & Chief Accounting Officer
50
0.2 yrs
Vic Abate
Senior VP & Chief Technology Officer
3.2 yrs
Todd Ernst
Vice President of Investor Relations
0.3 yrs
Mike Holston
Senior VP
56
0.6 yrs
Jennifer Weyrauch-Erickson
Chief Communications Officer
0.2 yrs
Linda Boff
Chief Marketing Officer and Chief Learning Officer
56
3.2 yrs
Board of Directors Tenure
Average tenure and age of the General Electric board of directors in years:
- The tenure for the General Electric board of directors is about average.
Board of Directors
Larry Culp
Chairman & CEO
55
0.1 yrs
Jim Mulva
Director
$345K
71
10.6 yrs
Geoff Beattie
Independent Director
$329K
58
9.8 yrs
Risa Lavizzo-Mourey
Director
$176K
63
1.8 yrs
Tom Horton
Lead Director
56
0.1 yrs
James Tisch
Director
$285K
65
8.4 yrs
Jack Brennan
Independent Director
$380K
63
6.4 yrs
Frank D'Souza
Independent Director
$290K
49
5.8 yrs
Sébastien Bazin
Director
$310K
57
2.8 yrs
Ed Garden
Director
$81K
57
1.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by General Electric insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Start | End | Shares | Max Price ($) | Value ($) |
|---|---|---|---|---|---|---|---|---|
| 07. Nov 18 | Buy | Alexander Dimitrief | Individual | 06. Nov 18 | 06. Nov 18 | 10,000 | $9.48 | $94,800.00 |
| 05. Nov 18 | Buy | H. Culp | Individual | 01. Nov 18 | 01. Nov 18 | 225,000 | $9.73 | $2,189,250.00 |
| 25. Jul 18 | Buy | H. Culp | Individual | 24. Jul 18 | 24. Jul 18 | 191,000 | $13.04 | $2,490,640.00 |
| 31. Jan 18 | Buy | Alexander Dimitrief | Individual | 26. Jan 18 | 29. Jan 18 | 2,689 | $16.28 | $43,446.24 |
| 22. Nov 17 | Buy | James Tisch | Individual | 21. Nov 17 | 21. Nov 17 | 3,000,000 | $17.99 | $53,712,250.00 |
| 20. Nov 17 | Buy | Francisco D'Souza | Individual | 20. Nov 17 | 20. Nov 17 | 55,000 | $17.94 | $986,700.00 |
| 17. Nov 17 | Buy | John Flannery | Individual | 15. Nov 17 | 15. Nov 17 | 60,000 | $18.27 | $1,096,200.00 |
| 16. Nov 17 | Buy | Steven Mollenkopf | Individual | 16. Nov 17 | 16. Nov 17 | 5,500 | $18.24 | $100,320.00 |
Management checks
We assess General Electric's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) General Electric has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
GE News
External News
Simply Wall St News
General Electric Company (NYSE:GE): Risks You Need To Consider Before Buying
If you are a shareholder in General Electric Company’s (NYSE:GE), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Broadly speaking, there are two types of risk you should consider when investing in stocks such as GE. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.
Simply Wall St - – Full articleWho Owns General Electric Company (NYSE:GE)?
Today, I will be analyzing General Electric Company’s (NYSE:GE) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … While this may be more interesting for long-term investors, short-term investors can also benefit by paying attention to when these institutions trade in order to take advantage of the heightened volatility.
Simply Wall St - – Full articleIs General Electric Company's (NYSE:GE) Balance Sheet A Threat To Its Future?
Investors pursuing a solid, dependable stock investment can often be led to General Electric Company (NYSE:GE), a large-cap worth US$119.34b. … the key to their continued success lies in its financial health. … This article will examine General Electric’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth
Simply Wall St - – Full articleWhat Investors Should Know About General Electric Company's (NYSE:GE) Financial Strength
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as General Electric Company (NYSE:GE) a safer option. … Let’s take a look at General Electric’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself
Simply Wall St - – Full articleDoes General Electric Company (NYSE:GE) Have A Place In Your Portfolio?
In the past 10 years General Electric Company (NYSE:GE) has returned an average of 4.00% per year to investors in the form of dividend payouts. … Check out our latest analysis for General Electric … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:
Simply Wall St - – Full articleAt US$013.98, Is General Electric Company (NYSE:GE) A Buy?
Today we're going to take a look at the well-established General Electric Company (NYSE:GE). … A question to answer is whether General Electric's current trading price of $13.98 reflective of the actual value of the? … Let’s take a look at General Electric’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Simply Wall St - – Full articleA Look At The Fair Value Of General Electric Company (NYSE:GE)
by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleA Look At The Fair Value Of General Electric Company (NYSE:GE)
In this article I am going to calculate the intrinsic value of General Electric Company (NYSE:GE) by taking the expected future cash flows and discounting them to their present value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $6,611.75 $9,980.65 $8,442.63 $9,993.00 $11,278.00 Source Analyst x4 Analyst x4 Analyst x3 Analyst x1 Analyst x1 Present Value Discounted @ 11.28% $5,941.40 $8,059.42 $6,126.26 $6,516.07 $6,608.37 Present Value of 5-year Cash Flow (PVCF)= $33,252 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $11,278 × (1 + 2.9%) ÷ (11.3% – 2.9%) = $139,339 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $139,339 / ( 1 + 11.3%)5 = $81,646 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $114,898.
Simply Wall St - – Full articleIs General Electric Company's (NYSE:GE) Balance Sheet A Threat To Its Future?
Moreover, GE has generated US$10.43B in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 7.75%, indicating that GE’s operating cash is not sufficient to cover its debt. … Since equity is smaller than total debt levels, General Electric is considered to have high leverage. … Next Steps: GE’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Simply Wall St - – Full articleDoes General Electric Company (NYSE:GE) Fall With The Market?
An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … Thus, we can expect GE to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books. … However, this is the opposite to what GE’s actual beta value suggests, which is higher stock volatility relative to the market.
Simply Wall St - – Full articleGE Company Info
Map
Description
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; and blades for onshore and offshore wind turbines. The Oil & Gas segment offers oilfield services, oilfield equipment, turbomachinery and process solutions, and digital solutions. The Aviation segment provides jet engines and turboprops; maintenance, component repair, and overhaul services, as well as replacement parts; and additive machines, materials, and engineering services. The Healthcare segment offers diagnostic imaging and clinical systems; products, services, and manufacturing solutions for drug discovery, the biopharmaceutical industry, and cellular and gene therapy technologies; and medical technologies, software, analytics, cloud solutions, and implementation and services. The Transportation segment provides freight and passenger locomotives, and rail and support advisory services; parts, integrated software solutions, and data analytics; software-enabled solutions; mining equipment and services; and marine diesel and stationary power diesel engines and motors, as well as overhaul, repair and upgrade, and wreck repair services. The Lighting segment offers light emitting diode products; and energy efficiency and productivity solutions. The Capital segment provides industrial and energy financial services; and commercial aircraft leasing, financing, and consulting services. General Electric Company was founded in 1892 and is headquartered in Boston, Massachusetts.
Details
| Name: | General Electric Company |
| GE | |
| Exchange: | NYSE |
| Founded: | 1892 |
| $74,629,826,700 | |
| 8,698,115,000 | |
| Website: | http://www.ge.com |
| Address: |
General Electric Company 41 Farnsworth Street, Boston, Massachusetts, 02210, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GE | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | GEC | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| XTRA | GEC | Common Stock | XETRA Trading Platform | DE | EUR | 02. Jan 1968 | |
| LSE | GEC | Common Stock | London Stock Exchange | GB | EUR | 02. Jan 1968 | |
| SWX | GE | Common Stock | SIX Swiss Exchange | CH | CHF | 02. Jan 1968 | |
| ENXTPA | GNE | Common Stock | Euronext Paris | FR | EUR | 02. Jan 1968 | |
| WBAG | GE | Common Stock | Wiener Boerse AG | AT | EUR | 02. Jan 1968 | |
| SNSE | GE | Common Stock | Santiago Stock Exchange | CL | USD | 02. Jan 1968 | |
| BVC | GE | Common Stock | Bolsa de Valores de Colombia | CO | COP | 02. Jan 1968 | |
| BMV | GE * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 | |
| BATS-CHIXE | GEZ | Common Stock | BATS 'Chi-X Europe' | GB | CHF | 02. Jan 1968 | |
| BOVESPA | GEOO34 | BDR EACH REPR 1 COM SH | Bolsa de Valores de Sao Paulo | BR | BRL | 29. Sep 2011 | |
| BASE | GE | CEDEARS EACH REPR 1/5 COM USD0.06 | Buenos Aires Stock Exchange | AR | ARS | 12. Jan 2001 |
Number of employees
Current staff
Industry
| Industrial Conglomerates | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2018/11/11 21:06 |
| End of day share price update: | 2018/11/09 00:00 |
| Last estimates confirmation: | 2018/11/09 |
| Last earnings filing: | 2018/10/30 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
