General Electric Co Stock Research

Market Summary

USD93.31+1.94

Market Closed

2.12%

GE Alerts

Big jump in Earnings (Y/Y)

GE Stock Price

GE RSI Chart

GE Valuation

Market Cap

126.7B

Price/Earnings (Trailing)

563.33

Price/Sales (Trailing)

1.66

EV/EBITDA

28.92

Price/Free Cashflow

27.89

GE Price/Sales (Trailing)

GE Profitability

EBT Margin

1.84%

Return on Equity

0.62%

Return on Assets

0.12%

Free Cashflow Yield

3.59%

GE Fundamentals

GE Revenue

Revenue (TTM)

76.6B

Revenue Y/Y

7.3%

Revenue Q/Q

14.16%

GE Earnings

Earnings (TTM)

225.0M

Earnings Y/Y

157.82%

Earnings Q/Q

1.4K%

Price Action

52 Week Range

59.8094.94

(Low)(High)

Last 7 days

-0.6%

Last 30 days

9.8%

Last 90 days

11.7%

Trailing 12 Months

-2.6%

GE Financial Health

Current Ratio

1.16

Debt/Equity

0.79

Debt/Cashflow

0.21

GE Investor Care

Dividend Yield

0.41%

Dividend/Share (TTM)

0.32

Buy Backs (1Y)

0.50%

Diluted EPS (TTM)

-0.05

Peers (Alternatives to General Electric)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GE	126.7B	76.6B	9.83%	-2.59%	563.33	1.66	3.18%	103.45%
HON	125.6B	35.5B	-3.24%	-1.90%	25.3	3.54	3.12%	-10.39%
MMM	55.6B	34.2B	-7.16%	-29.91%	9.62	1.62	-3.18%	-2.43%
ROP	45.6B	5.4B	1.90%	-6.64%	10.03	8.48	11.13%	294.30%
IEP	17.6B	14.1B	-6.40%	10.47%	-50.48	1.4	24.37%	64.67%
MID-CAP
MIDD	7.3B	4.0B	-11.47%	-19.45%	16.81	1.82	24.06%	-10.63%
WWD	5.4B	2.5B	-8.84%	-27.06%	31.69	2.2	9.34%	-13.37%
SMALL-CAP
EPAC	1.5B	579.7M	-2.27%	22.47%	73.29	2.57	7.33%	-43.89%
SXI	1.4B	742.4M	1.39%	13.71%	19.98	1.85	4.57%	49.21%
TNC	1.2B	1.1B	-5.55%	-19.25%	18.06	1.1	0.13%	2.16%
SPLP	931.1M	1.7B	-2.30%	1.19%	4.52	0.55	11.18%	56.74%
THR	814.6M	420.7M	-8.16%	41.48%	23.51	1.94	28.88%	234.59%

Financials for General Electric

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.0%	76,556	75,073	74,558	74,165	74,196
S&GA Expenses	2.6%	12,781	12,452	12,329	12,472	11,716
R&D Expenses	3.1%	2,813	2,728	2,669	2,577	2,497
Costs and Expenses	-3.9%	76,375	79,488	78,491	80,834	80,702
EBITDA	363.4%	4,775	-1,813	-30.00	724	-
EBITDA Margin	356.5%	0.06*	-0.02*	0.00*	0.01*	-
Earnings Before Taxes	132.9%	1,412	-4,291	-3,652	-4,445	-3,683
EBT Margin	132.3%	0.02*	-0.06*	-0.05*	-0.06*	-
Interest Expenses	-38.4%	1,561	2,536	-	-	-
Net Income	103.9%	225	-5,840	-4,418	-4,759	-6,519
Net Income Margin	103.8%	0.00*	-0.08*	-0.06*	-0.06*	-
Free Cahsflow	79.1%	4,545	2,537	3,456	3,477	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	3.8%	187,788	180,877	185,540	191,961	198,874
Current Assets	10.2%	66,234	60,082	60,658	63,299	66,348
Cash Equivalents	37.0%	17,262	12,596	13,190	12,842	15,770
Inventory	-0.8%	17,403	17,536	17,553	16,570	15,847
Goodwill	2.1%	25,798	25,275	25,790	26,047	26,182
Liabilities	1.4%	150,206	148,124	149,597	151,678	157,262
Current Liabilities	4.2%	56,947	54,657	53,883	53,344	51,953
Long Term Debt	9.5%	28,593	26,121	27,571	28,649	30,824
Shareholder's Equity	15.5%	36,366	31,475	34,649	39,005	40,310
Retained Earnings	2.5%	84,693	82,655	82,981	83,927	85,110
Additional Paid-In Capital	-0.2%	34,173	34,254	34,382	34,391	34,691
Shares Outstanding	-0.4%	1,387	1,392	1,397	1,395	-
Minority Interest	-4.9%	1,216	1,278	1,293	1,278	1,302

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	53.7%	5,916	3,849	4,767	4,735	3,332
Share Based Compensation	-	361	-	-	-	-
Cashflow From Investing	-90.0%	2,270	22,674	22,939	20,662	21,308
Cashflow From Financing	85.3%	-5,585	-37,903	-36,311	-45,031	-45,177
Buy Backs	55.0%	1,048	676	50.00	107	-

Risks for GE

What is the probability of a big loss on GE?

85%

Probability that General Electric stock will be more than 20% underwater in next one year

68.8%

Probability that General Electric stock will be more than 30% underwater in next one year.

56.5%

Probability that General Electric stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if General Electric was unfortunately bought at previous high price.

Drawdowns

Returns for GE

Cumulative Returns on GE

-4.5%

10-Year Cumulative Returns

-11.6%

7-Year Cumulative Returns

-1.2%

5-Year Cumulative Returns

18.1%

3-Year Cumulative Returns

What are the long-term rolling returns for GE?

FIve years rolling returns for General Electric.

Annualized Returns

Which funds bought or sold GE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-1.95	5,943,990	24,120,200	0.19%
2023-03-23	Prostatis Group LLC	new	-	28,911	28,911	0.02%
2023-03-17	American Portfolios Advisors	added	131	2,271,820	4,090,150	0.17%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	18.72	606,125	1,605,120	0.04%
2023-03-13	Claro Advisors LLC	reduced	-12.54	32,240	248,240	0.08%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	0.72	8,096,360	30,386,400	0.03%
2023-03-08	Capital Asset Advisory Services LLC	new	-	220,372	220,372	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	2.35	14,417,000	51,841,000	0.26%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-3.82	213,695	922,695	0.35%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	121	898,829	1,348,830	0.08%

Latest Funds Activity

Are funds buying GE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own GE

No. of Funds

GE Alerts

Big jump in Earnings (Y/Y)

General Electric News

Schedule 13G FIlings of General Electric

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	4.9%	54,347,955	SC 13G/A
Feb 13, 2023	capital research global investors	9.3%	102,093,162	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	7.94%	86,785,547	SC 13G/A
Feb 07, 2023	blackrock inc.	6.2%	67,872,032	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	10.5%	115,488,862	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	vanguard group inc	7.49%	82,214,690	SC 13G/A
Feb 01, 2022	blackrock inc.	6.2%	68,206,900	SC 13G
Nov 10, 2021	price t rowe associates inc /md/	10.2%	112,447,728	SC 13G/A

GE Fair Value

General Electric fair value in different scenarios

The table shows the Fair Value estimates for General Electric for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	3.74 -95.99%	4.86 -94.79%	7.06 -92.43%	9.27 -90.07%	13.86 -85.15%
Current Inflation	22.48 -75.91%	28.40 -69.56%	40.39 -56.71%	48.19 -48.35%	56.52 -39.43%
Very High Inflation	3.71 -96.02%	4.68 -94.98%	6.58 -92.95%	8.37 -91.03%	12.16 -86.97%

Historical General Electric Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of General Electric

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	ARS	ARS
Mar 16, 2023	DEF 14A	DEF 14A
Mar 16, 2023	DEFA14A	DEFA14A
Mar 14, 2023	8-K	Current Report
Mar 13, 2023	SC 13D/A	13D - Major Acquisition
Mar 07, 2023	13F-HR/A	Fund Holdings Report
Mar 07, 2023	13F-HR/A	Fund Holdings Report
Mar 07, 2023	13F-HR/A	Fund Holdings Report
Mar 07, 2023	13F-HR/A	Fund Holdings Report
Mar 07, 2023	13F-HR/A	Fund Holdings Report

Latest Insider Trading transactions for GE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-02	Timko Thomas S	acquired	-	-	1,990	vice president
2023-03-02	Cox L Kevin	acquired	-	-	3,061	senior vice president
2023-03-02	Holston Michael J	sold (taxes)	-112,549	84.56	-1,331	senior vice president
2023-03-02	Stokes Russell	sold (taxes)	-167,175	84.56	-1,977	senior vice president
2023-03-02	Stokes Russell	acquired	-	-	4,373	senior vice president
2023-03-02	Strazik Scott	acquired	-	-	4,185	senior vice president
2023-03-02	Dybeck Happe Carolina	acquired	-	-	5,102	senior vice president
2023-03-02	Dybeck Happe Carolina	sold (taxes)	-141,723	84.56	-1,676	senior vice president
2023-03-02	Strazik Scott	sold (taxes)	-168,866	84.56	-1,997	senior vice president
2023-03-02	Timko Thomas S	sold (taxes)	-81,854	84.56	-968	vice president

About General Electric

H. Lawrence Culp

www.ge.com

65535

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The Renewables segment provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. The Healthcare segment provides healthcare technologies to developed and emerging markets in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery and performance improvement solutions that are the building blocks of precision health to hospitals and medical facilities. The company also engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.

GE Income Statement

2022-09-30

STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Insurance revenues (Note 12)	$ 646	$ 756	$ 2,179	$ 2,295
Total revenues (Note 8)	19,084	18,569	54,769	53,893
Costs and expenses
Selling, general and administrative expenses	2,868	2,745	9,239	8,503
Separation costs	227	0	553	0
Research and development	686	627	2,023	1,792
Interest and other financial charges	390	462	1,191	1,450
Debt extinguishment costs (Note 11)	0	0	0	1,416
Insurance losses, annuity benefits and other costs (Note 12)	917	674	1,975	1,773
Non-operating benefit cost (income)	(125)	427	(396)	1,374
Total costs and expenses	19,334	18,337	54,653	55,866
Other income (loss) (Note 18)	195	351	(941)	1,757
Earnings (loss) from continuing operations before income taxes	(55)	584	(825)	(216)
Benefit (provision) for income taxes	(21)	(2)	(541)	323
Earnings (loss) from continuing operations	(76)	582	(1,366)	107
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(85)	602	(580)	(2,856)
Net earnings (loss)	(160)	1,184	(1,946)	(2,748)
Less net earnings (loss) attributable to noncontrolling interests	4	(73)	51	(72)
Net earnings (loss) attributable to the Company	(165)	1,257	(1,997)	(2,677)
Preferred stock dividends	(73)	(52)	(192)	(180)
Net earnings (loss) attributable to GE common shareholders	(238)	1,205	(2,189)	(2,857)
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations	(76)	582	(1,366)	107
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	4	(73)	51	(72)
Earnings (loss) from continuing operations attributable to the Company	(80)	655	(1,417)	179
Preferred stock dividends	(73)	(52)	(192)	(180)
Earnings (loss) from continuing operations attributable to GE common shareholders	(153)	603	(1,609)	(1)
Earnings (loss) from discontinued operations attributable to GE common shareholders	(85)	602	(580)	(2,856)
Net earnings (loss) attributable to GE common shareholders	$ (238)	$ 1,205	$ (2,189)	$ (2,857)
Earnings (loss) per share from continuing operations (Note 17)
Diluted earnings (loss) per share (in dollars per share)	$ (0.14)	$ 0.54	$ (1.46)	$ (0.01)
Basic earnings (loss) per share (in dollars per share)	(0.14)	0.54	(1.46)	(0.01)
Net earnings (loss) per share (Note 17)
Diluted earnings (loss) per share (in dollars per share)	(0.21)	1.08	(1.99)	(2.61)
Basic earnings (loss) per share (in dollars per share)	$ (0.21)	$ 1.09	$ (1.99)	$ (2.61)
Equipment
Revenues
Sales	$ 8,082	$ 8,903	$ 22,549	$ 25,172
Costs and expenses
Cost of sales	8,118	8,128	22,017	23,334
Services
Revenues
Sales	10,356	8,910	30,041	26,427
Costs and expenses
Cost of sales	$ 6,253	$ 5,274	$ 18,051	$ 16,224

GE Balance Sheet

2022-09-30

STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions

Sep. 30, 2022

Dec. 31, 2021

Statement of Financial Position [Abstract]

Cash, cash equivalents and restricted cash

^[1]

$ 12,596

$ 15,770

Investment securities (Note 3)

6,297

12,297

Current receivables (Note 4)

17,197

15,620

Inventories, including deferred inventory costs (Note 5)

17,536

15,847

Current contract assets (Note 9)

3,701

4,881

All other current assets (Note 10)

2,059

1,933

Assets of businesses held for sale (Note 2)

696

Current assets

60,082

66,348

Investment securities (Note 3)

33,624

42,209

Property, plant and equipment – net (Note 6)

14,295

15,609

Goodwill (Note 7)

25,275

26,182

Other intangible assets – net (Note 7)

7,725

9,330

Contract and other deferred assets (Note 9)

6,221

6,124

All other assets (Note 10)

19,166

19,040

Deferred income taxes (Note 15)

11,504

10,855

Assets of discontinued operations (Note 2)

2,985

3,177

Total assets

180,877

198,874

Short-term borrowings (Note 11)

4,285

4,361

Accounts payable and equipment project accruals

17,331

16,243

Progress collections and deferred income (Note 9)

16,445

17,372

All other current liabilities (Note 14)

15,094

13,977

Liabilities of businesses held for sale (Note 2)

1,503

Current liabilities

54,657

51,953

Deferred income (Note 9)

1,842

1,989

Long-term borrowings (Note 11)

26,121

30,824

Insurance liabilities and annuity benefits (Note 12)

33,435

37,166

Non-current compensation and benefits

19,201

21,202

All other liabilities (Note 14)

11,767

13,240

Liabilities of discontinued operations (Note 2)

1,103

887

Total liabilities

148,124

157,262

Preferred stock (5,835,763 and 5,939,875 shares outstanding at September 30, 2022  and December 31, 2021, respectively)

Common stock (1,092,668,140 and 1,099,027,213 shares outstanding   at September 30, 2022 and December 31, 2021, respectively)

Accumulated other comprehensive income (loss) – net attributable to GE

(4,405)

1,582

Other capital

34,254

34,691

Retained earnings

82,655

85,110

Less common stock held in treasury

(81,049)

(81,093)

Total GE shareholders’ equity

31,475

40,310

Noncontrolling interests (Note 16)

1,278

1,302

Total equity

32,753

41,612

Total liabilities and equity

$ 180,877

$ 198,874

[1]	Excluded $476 million and $353 million at September 30, 2022 and December 31, 2021, respectively, primarily related to our run-off Insurance business, which is subject to regulatory restrictions, and is included in All other assets. See Note 10 for further information.