Financials GE Aerospace

Equities

GE

US3696043013

Aerospace & Defense

Market Closed - Nyse Other stock markets 00:00:02 19/07/2025 +04			After hours 02:45:57
263.27 ^USD	+1.15%		264.50	+0.47%

07-19	Air India crash reporting is 'premature,' NTSB Homendy says - Bloomberg News	RE
07-18	JPMorgan Adjusts Price Target on GE Aerospace to $275 From $210, Keeps Overweight Rating	MT

Projected Income Statement: GE Aerospace

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	79,619	74,196	76,555	67,954	35,121	40,377	44,619	48,899
Change	-	-6.81%	3.18%	-11.24%	-48.32%	14.96%	10.51%	9.59%
EBITDA ¹	5,453	8,787	10,000	8,205	8,437	10,002	10,979	12,184
Change	-	61.14%	13.8%	-17.95%	2.83%	18.55%	9.77%	10.97%
EBIT ¹	3,848	5,778	6,456	6,126	7,253	8,728	9,759	10,824
Change	-	50.16%	11.73%	-5.11%	18.4%	20.33%	11.82%	10.91%
Interest Paid ¹	-1,333	-1,813	-1,607	-1,118	-986	-922	-907.4	-917
Earnings before Tax (EBT) ¹	5,197	-3,683	1,412	10,191	7,620	8,195	9,043	10,844
Change	-	-170.87%	138.34%	621.74%	-25.23%	7.55%	10.35%	19.91%
Net income ¹	5,355	-3,562	-64	9,186	6,670	7,283	7,961	8,693
Change	-	-166.52%	98.2%	14,453.12%	-27.39%	9.18%	9.32%	9.19%
Announcement Date	26/01/21	25/01/22	24/01/23	23/01/24	23/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	17,750	19,417	21,928	17,118	18,279	18,429	20,303	17,040	18,646	19,084	21,786	14,486	16,699	17,346	19,423	15,174	8,223	8,943	9,879	9,001	10,151	10,251	10,919	10,137	11,176	11,315	11,967	11,239
Change	-	9.39%	12.93%	-21.94%	6.78%	0.82%	10.17%	-16.07%	9.42%	2.35%	14.16%	-33.51%	15.28%	3.87%	11.97%	-21.88%	-45.81%	8.76%	10.47%	-8.89%	12.78%	0.98%	6.51%	-7.16%	10.25%	1.24%	5.76%	-6.09%
EBITDA ¹	-244	1,420	2,354	1,600	1,375	2,329	2,738	2,560	2,380	1,848	3,212	1,494	2,008	2,160	2,544	2,055	2,073	2,336	2,286	2,515	2,447	2,456	2,384	2,620	2,801	2,860	2,775	2,979
Change	-	681.97%	65.77%	-32.03%	-14.06%	69.38%	17.56%	-6.5%	-7.03%	-22.35%	73.81%	-53.49%	34.4%	7.57%	17.78%	-19.22%	0.88%	12.69%	-2.14%	10.02%	0%	0.37%	-2.96%	9.91%	6.93%	2.1%	-2.96%	7.34%
EBIT ¹	-365	1,276	1,732	1,019	1,177	1,603	1,979	1,075	1,701	1,204	2,476	987	1,497	1,633	2,010	1,532	2,023	2,023	1,988	2,216	2,143	2,145	2,097	2,310	2,512	2,510	2,439	2,654
Change	-	449.59%	35.74%	-41.17%	15.51%	36.19%	23.46%	-45.68%	58.23%	-29.22%	105.65%	-60.14%	51.67%	9.08%	23.09%	-23.78%	32.05%	0%	-1.73%	11.47%	0%	0.11%	-2.22%	10.14%	8.76%	-0.08%	-2.85%	8.81%
Charge d'intérêts ¹	-396	-313	-254	-268	-261	-225	-410	-406	-394	-390	-416	-269	-267	-286	-296	-278	-248	-251	-224	-210	-158	-247.9	-274.5	-218	-199	-229.3	-274.3	-210
Earnings before Tax (EBT) ¹	-2,339	-1,660	2,721	238	-1,037	584	-3,467	-525	-244	-55	2,237	6,492	1,390	300	2,009	1,866	1,447	1,893	2,293	2,245	2,389	1,891	1,730	2,242	2,378	1,760	1,381	2,568
Change	-	29.03%	263.92%	-91.25%	-535.71%	156.32%	-693.66%	84.86%	53.52%	77.46%	4,167.27%	190.21%	-78.59%	-78.42%	569.67%	-7.12%	-22.45%	30.82%	21.13%	-2.09%	6.41%	-20.84%	-8.51%	29.59%	6.04%	-25.99%	-21.52%	85.98%
Net income ¹	-2,186	-1,161	2,364	20	-624	603	-3,561	-809	-648	-153	2,125	7,360	996	84	1,591	-	1,266	1,852	1,905	1,967	2,007	1,655	1,597	1,881	2,024	1,971	1,867	2,055
Change	-	46.89%	303.62%	-99.15%	-3,220%	196.63%	-690.55%	77.28%	19.9%	76.39%	1,488.89%	246.35%	-86.47%	-91.57%	1,794.05%	-	-	46.29%	2.86%	3.25%	2.03%	-17.53%	-3.54%	17.79%	7.65%	-2.61%	-5.29%	10.04%
Announcement Date	29/07/20	28/10/20	26/01/21	27/04/21	27/07/21	26/10/21	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	23/07/24	22/10/24	23/01/25	22/04/25	17/07/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: GE Aerospace

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	32,347	19,415	15,088	3,997	5,654	8,474	7,580	7,148
Change	-	-39.98%	-22.29%	-73.51%	41.46%	49.88%	-10.55%	-5.7%
Announcement Date	26/01/21	25/01/22	24/01/23	23/01/24	23/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: GE Aerospace

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,579	1,250	1,371	1,595	1,032	1,103	1,228	1,305
Change	-	-20.84%	9.68%	16.34%	-35.3%	6.91%	11.34%	6.2%
Free Cash Flow (FCF) ¹	606	2,082	4,758	3,584	3,678	6,785	7,342	7,900
Change	-	243.56%	128.53%	-24.67%	2.62%	84.48%	8.21%	7.6%
Announcement Date	26/01/21	25/01/22	24/01/23	23/01/24	23/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: GE Aerospace

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.85%	11.84%	13.06%	12.07%	24.02%	24.77%	24.61%	24.92%
EBIT Margin (%)	4.83%	7.79%	8.43%	9.01%	20.65%	21.62%	21.87%	22.14%
EBT Margin (%)	6.53%	-4.96%	1.84%	15%	21.7%	20.3%	20.27%	22.18%
Net margin (%)	6.73%	-4.8%	-0.08%	13.52%	18.99%	18.04%	17.84%	17.78%
FCF margin (%)	0.76%	2.81%	6.22%	5.27%	10.47%	16.8%	16.46%	16.16%
FCF / Net Income (%)	11.32%	-58.45%	-7,434.38%	39.02%	55.14%	93.17%	92.23%	90.89%
Profitability
ROA	2.07%	1.02%	1.49%	1.75%	3.4%	6.53%	7%	7.35%
ROE	0.34%	6.12%	7.51%	10.1%	21.54%	33.19%	38.18%	40.8%
Financial Health
Leverage (Debt/EBITDA)	5.93x	2.21x	1.51x	0.49x	0.67x	0.85x	0.69x	0.59x
Debt / Free cash flow	53.38x	9.33x	3.17x	1.12x	1.54x	1.25x	1.03x	0.9x
Capital Intensity
CAPEX / Current Assets (%)	1.98%	1.68%	1.79%	2.35%	2.94%	2.73%	2.75%	2.67%
CAPEX / EBITDA (%)	28.96%	14.23%	13.71%	19.44%	12.23%	11.03%	11.19%	10.71%
CAPEX / FCF (%)	260.56%	60.04%	28.81%	44.5%	28.06%	16.26%	16.73%	16.51%
Items per share
Cash flow per share ¹	-1.145	3.035	5.326	4.712	4.305	7.628	8.884	9.815
Change	-	365.08%	75.51%	-11.52%	-8.64%	77.17%	16.46%	10.48%
Dividend per Share ¹	0.32	0.32	0.32	0.32	1.12	1.426	1.661	1.88
Change	-	0%	0%	0%	250%	27.28%	16.51%	13.18%
Book Value Per Share ¹	32.46	36.71	33.18	25.14	18.01	17	21.85	23.94
Change	-	13.08%	-9.61%	-24.23%	-28.34%	-5.66%	28.58%	9.57%
EPS ¹	4.72	-6.16	-0.06	8.36	5.99	6.425	7.275	8.275
Change	-	-230.51%	99.03%	14,033.33%	-28.35%	7.27%	13.22%	13.74%
Nbr of stocks (in thousands)	1,094,984	1,097,663	1,092,668	1,088,386	1,082,294	1,060,439	1,060,439	1,060,439
Announcement Date	26/01/21	25/01/22	24/01/23	23/01/24	23/01/25	-	-	-