Financials GE Aerospace

Equities

GE

US3696043013

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:10:00 2025-06-18 pm EDT			5-day change	1st Jan Change
235.89 ^USD	+0.06%		-1.71%	+41.43%

Jun. 19	China's COMAC advances wide-body jetliner plans as it navigates trade barriers	RE
Jun. 18	US safety board wants warnings on Boeing 737 MAX engines over smoke entering cockpit	RE

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	39,771	43,996	48,060
Change	-	-6.81%	3.18%	-11.24%	-48.32%	13.24%	10.62%	9.24%
EBITDA ¹	5,453	8,787	10,000	8,205	8,437	9,590	10,702	11,791
Change	-	61.14%	13.8%	-17.95%	2.83%	13.67%	11.59%	10.18%
EBIT ¹	3,848	5,778	6,456	6,126	7,253	8,317	9,364	10,422
Change	-	50.16%	11.73%	-5.11%	18.4%	14.67%	12.59%	11.29%
Interest Paid ¹	-1,333	-1,813	-1,607	-1,118	-986	-934.1	-918.6	-920.3
Earnings before Tax (EBT) ¹	5,197	-3,683	1,412	10,191	7,620	8,270	9,404	11,065
Change	-	-170.87%	138.34%	621.74%	-25.23%	8.53%	13.72%	17.66%
Net income ¹	5,355	-3,562	-64	9,186	6,670	6,630	7,229	8,133
Change	-	-166.52%	98.2%	14,453.12%	-27.39%	-0.6%	9.03%	12.51%
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/23/25	-	-	-

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	9,505	10,027	10,762	10,046	10,658	11,077	11,781	11,145
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%	5.6%	5.49%	7.32%	-6.65%	6.09%	3.93%	6.36%	-5.4%
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	2,413	2,343	2,291	2,578	2,794	2,815	2,781	2,954
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%	-4.07%	-2.89%	-2.2%	12.53%	8.36%	0.77%	-1.21%	6.2%
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	2,107	2,064	2,040	2,239	2,365	2,403	2,350	2,626
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%	-4.93%	-2.05%	-1.13%	9.75%	5.61%	1.62%	-2.22%	11.74%
Charge d'intérêts ¹	-396	-313	-254	-268	-261	-225	-410	-406	-394	-390	-416	-269	-267	-286	-296	-278	-248	-251	-224	-210	-231.9	-231.4	-243.1	-213.5	-213.5	-206	-206	-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	2,119	1,993	1,949	2,175	2,364	2,435	2,362	2,509
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%	-5.61%	-5.97%	-2.18%	11.58%	8.71%	3%	-3%	6.23%
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	1,735	1,605	1,497	1,740	1,891	1,948	1,890	2,007
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%	-11.78%	-7.52%	-6.73%	16.23%	8.71%	3%	-3%	6.23%
Announcement Date	7/29/20	10/28/20	1/26/21	4/27/21	7/27/21	10/26/21	1/25/22	4/26/22	7/26/22	10/25/22	1/24/23	4/25/23	7/25/23	10/24/23	1/23/24	4/23/24	7/23/24	10/22/24	1/23/25	4/22/25	-	-	-	-	-	-	-	-

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	7,512	7,351	7,006
Change	-	-39.98%	-22.29%	-73.51%	41.46%	32.86%	-2.14%	-4.69%
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/23/25	-	-	-

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	1,096	1,195	1,262
Change	-	-20.84%	9.68%	16.34%	-35.3%	6.23%	8.97%	5.66%
Free Cash Flow (FCF) ¹	606	2,082	4,758	3,584	3,678	6,756	7,226	7,735
Change	-	243.56%	128.53%	-24.67%	2.62%	83.67%	6.96%	7.05%
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/23/25	-	-	-

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%	24.11%	24.32%	24.53%
EBIT Margin (%)	4.83%	7.79%	8.43%	9.01%	20.65%	20.91%	21.28%	21.69%
EBT Margin (%)	6.53%	-4.96%	1.84%	15%	21.7%	20.79%	21.38%	23.02%
Net margin (%)	6.73%	-4.8%	-0.08%	13.52%	18.99%	16.67%	16.43%	16.92%
FCF margin (%)	0.76%	2.81%	6.22%	5.27%	10.47%	16.99%	16.42%	16.09%
FCF / Net Income (%)	11.32%	-58.45%	-7,434.38%	39.02%	55.14%	101.89%	99.95%	95.1%
Profitability
ROA	2.07%	1.02%	1.49%	1.75%	3.4%	5.74%	6.13%	6.73%
ROE	0.34%	6.12%	7.51%	10.1%	21.54%	30.12%	36.79%	40.7%
Financial Health
Leverage (Debt/EBITDA)	5.93x	2.21x	1.51x	0.49x	0.67x	0.78x	0.69x	0.59x
Debt / Free cash flow	53.38x	9.33x	3.17x	1.12x	1.54x	1.11x	1.02x	0.91x
Capital Intensity
CAPEX / Current Assets (%)	1.98%	1.68%	1.79%	2.35%	2.94%	2.76%	2.72%	2.63%
CAPEX / EBITDA (%)	28.96%	14.23%	13.71%	19.44%	12.23%	11.43%	11.16%	10.7%
CAPEX / FCF (%)	260.56%	60.04%	28.81%	44.5%	28.06%	16.23%	16.53%	16.32%
Items per share
Cash flow per share ¹	-1.145	3.035	5.326	4.712	4.305	7.434	8.771	9.637
Change	-	365.08%	75.51%	-11.52%	-8.64%	72.68%	17.98%	9.87%
Dividend per Share ¹	0.32	0.32	0.32	0.32	1.12	1.451	1.827	2.106
Change	-	0%	0%	0%	250%	29.59%	25.88%	15.27%
Book Value Per Share ¹	32.46	36.71	33.18	25.14	18.01	19.84	21.73	23.74
Change	-	13.08%	-9.61%	-24.23%	-28.34%	10.14%	9.54%	9.24%
EPS ¹	4.72	-6.16	-0.06	8.36	5.99	6.03	6.818	7.89
Change	-	-230.51%	99.03%	14,033.33%	-28.35%	0.66%	13.07%	15.73%
Nbr of stocks (in thousands)	1,094,984	1,097,663	1,092,668	1,088,386	1,082,294	1,066,387	1,066,387	1,066,387
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/23/25	-	-	-