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General Electric

NYSE:GE
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GE
NYSE
$61B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. The last earnings update was 44 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
-0.1%
NYSE:GE
1.4%
US Industrials
2.4%
US Market
1 Year Returns
-23.3%
NYSE:GE
-21.6%
US Industrials
-10%
US Market
GE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
General Electric (GE) -0.1% -14.4% -41% -23.3% -76.4% -74.4%
US Industrials 1.4% -11.5% -26.4% -21.6% -42.1% -35.1%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • GE underperformed the Industrials industry which returned -21.6% over the past year.
  • GE underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
GE
Industry
5yr Volatility vs Market

GE Value

 Is General Electric undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for General Electric.

NYSE:GE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:GE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Industrials Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 21%) (153.04%))
1.606
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.61
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.606 * 5.44%)
10.48%

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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:GE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.48%)
2020 1,055.00 Analyst x3 954.93
2021 5,170.25 Analyst x4 4,235.94
2022 9,151.00 Analyst x1 6,786.20
2023 12,476.90 Est @ 36.34% 8,374.99
2024 15,716.32 Est @ 25.96% 9,548.77
2025 18,654.69 Est @ 18.7% 10,258.97
2026 21,193.49 Est @ 13.61% 10,549.64
2027 23,323.13 Est @ 10.05% 10,508.52
2028 25,085.43 Est @ 7.56% 10,230.47
2029 26,543.20 Est @ 5.81% 9,798.20
Present value of next 10 years cash flows $81,246.00
NYSE:GE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $26,543.20 × (1 + 1.74%) ÷ (10.48% – 1.74%)
$309,009.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $309,009.06 ÷ (1 + 10.48%)10
$114,068.13
NYSE:GE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $81,246.00 + $114,068.13
$195,314.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $195,314.13 / 8,741.32
$22.34
NYSE:GE Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.34
Current discount Discount to share price of $7.03
= -1 x ($7.03 - $22.34) / $22.34
68.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price General Electric is available for.
Intrinsic value
>50%
Share price is $7.03 vs Future cash flow value of $22.34
Current Discount Checks
For General Electric to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • General Electric's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • General Electric's share price is below the future cash flow value, and at a substantial discount (> 40%).
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?
Raw Data
NYSE:GE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.01
NYSE:GE Share Price ** NYSE (2020-04-07) in USD $7.03
United States of America Industrials Industry PE Ratio Median Figure of 5 Publicly-Listed Industrials Companies 18.26x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of General Electric.

NYSE:GE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GE Share Price ÷ EPS (both in USD)

= 7.03 ÷ -0.01

-584.13x

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?
Raw Data
NYSE:GE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -584.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
62.4%per year
United States of America Industrials Industry PEG Ratio Median Figure of 5 Publicly-Listed Industrials Companies 2.73x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for General Electric, 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?
Raw Data
NYSE:GE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.24
NYSE:GE Share Price * NYSE (2020-04-07) in USD $7.03
United States of America Industrials Industry PB Ratio Median Figure of 6 Publicly-Listed Industrials Companies 2.97x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NYSE:GE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GE Share Price ÷ Book Value per Share (both in USD)

= 7.03 ÷ 3.24

2.17x

* 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.
X
Value checks
We assess General Electric's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Industrials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Industrials industry average (and greater than 0)? (1 check)
  5. General Electric has a total score of 3/6, 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

 How is General Electric expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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!
Annual Growth Rate
62.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is General Electric expected to grow at an attractive rate?
  • General Electric's earnings growth is expected to exceed the low risk savings rate of 1.7%.
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
Raw Data
NYSE:GE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:GE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 62.4%
NYSE:GE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 0.7%
United States of America Industrials Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
United States of America Industrials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
Raw Data
NYSE:GE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 96,391 1
2022-12-31 95,317 11,457 6,701 3
2021-12-31 90,903 6,912 4,793 12
2020-12-31 88,261 311 3,192 13
2020-04-08
NYSE:GE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 95,214 8,772 -105
2019-09-30 120,079 9,868 9
2019-06-30 120,111 4,941 -21,586
2019-03-31 121,113 3,976 -20,391
2018-12-31 97,012 4,978 -21,446
2018-09-30 102,115 -449 -33,048
2018-06-30 109,385 3,322 -8,657
2018-03-31 119,150 6,426 -8,499
2017-12-31 99,279 6,554 -8,632
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • General Electric's earnings are expected to grow significantly at over 20% yearly.
  • General Electric's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:GE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from General Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.76 0.77 0.76 2.00
2021-12-31 0.59 0.75 0.50 7.00
2020-12-31 0.40 0.50 0.31 6.00
2020-04-08
NYSE:GE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.01
2019-09-30 0.00
2019-06-30 -2.48
2019-03-31 -2.34
2018-12-31 -2.47
2018-09-30 -3.80
2018-06-30 -1.00
2018-03-31 -0.98
2017-12-31 -0.99
2017-09-30 0.69
2017-06-30 0.76
2017-03-31 1.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • General Electric is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess General Electric's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
General Electric has a total score of 4/6, 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
Below we compare General Electric's growth in the last year to its industry (Industrials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
General Electric's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from General Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 95,214.00 -105.00 12,373.00
2019-09-30 120,079.00 9.00 15,335.00
2019-06-30 120,111.00 -21,586.00 15,395.00
2019-03-31 121,113.00 -20,391.00 15,329.00
2018-12-31 97,012.00 -21,446.00 11,588.00
2018-09-30 102,115.00 -33,048.00 13,150.00
2018-06-30 109,385.00 -8,657.00 14,366.00
2018-03-31 119,150.00 -8,499.00 15,415.00
2017-12-31 99,279.00 -8,632.00 12,455.00
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
2016-12-31 119,468.00 7,783.00 14,707.00
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

*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.
  • General Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • General Electric used its assets less efficiently than the US Industrials industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess General Electric's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Industrials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of General Electric's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x 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.
Raw Data

All data from General Electric Company Filings, last reported 3 months ago.

NYSE:GE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 29,861.00 90,882.00 14,513.00
2019-09-30 29,154.00 93,245.00 13,856.00
2019-06-30 56,128.00 105,778.00 13,600.00
2019-03-31 56,062.00 107,526.00 16,525.00
2018-12-31 51,481.00 103,600.00 16,632.00
2018-09-30 48,223.00 114,965.00 8,682.00
2018-06-30 75,130.00 115,573.00 8,511.00
2018-03-31 76,742.00 125,840.00 12,679.00
2017-12-31 76,889.00 134,591.00 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
  • General Electric's level of debt (304.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (192% vs 304.4% today).
  • Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).
  • General Electric is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess General Electric's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. General Electric has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0.57%
Current annual income from General Electric dividends. Estimated to be 0.59% next year.
If you bought $2,000 of General Electric shares you are expected to receive $11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • General Electric's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.93%).
  • General Electric's dividend is below the markets top 25% of dividend payers in United States of America (5.46%).
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.
Raw Data
NYSE:GE Annualized Past and Future Dividends
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 13 Analyst Estimates (S&P Global) See Below
United States of America Industrials Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:GE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.05 3.00
2021-12-31 0.04 11.00
2020-12-31 0.04 12.00
2020-04-08
NYSE:GE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-14 0.040 0.472
2019-12-06 0.040 0.339
2019-09-06 0.040 0.410
2019-06-21 0.040 0.421
2019-02-15 0.040 0.404
2019-01-31 0.040 0.393
2018-09-07 0.480 5.166
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

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • General Electric is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • General Electric is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of General Electric's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of General Electric's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of General Electric's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess General Electric's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. General Electric has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GE Management

 What is the CEO of General Electric's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Larry Culp
COMPENSATION $24,553,788
AGE 56
TENURE AS CEO 1.5 years
CEO Bio

Mr. H. Lawrence Culp, Jr., also known as Larry, has been the Chairman and Chief Executive Officer of General Electric Company (“GE”) since October 1, 2018. He joined GE as an independent director in April 2018, was elected Lead Director in June 2018. Prior to joining GE, he served as the President and CEO of Danaher Corporation (“Danaher”) from 2000 to 2014. Investors and analysts consistently ranked him as one of the top CEOs in annual Institutional Investor surveys, and Harvard Business Review named him one of the Top 50 CEOs 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 while also serving as President of Fluke and Fluke Networks. He was named Executive Vice President in 1999, Chief Operating Officer in 2001, and President and CEO in 2001. He is a member and the immediate past Chair of the Board of Visitors and Governors of his alma mater, Washington College, and also serves on the Wake Forest University Board of Trustees. Previously, he was a Senior Lecturer at Harvard Business School, where he focused on leadership, strategy and general management in the MBA and executive education programs. A member of Phi Beta Kappa, he earned a B.A. in Economics from Washington College and an MBA from Harvard Business School.

CEO Compensation
  • Larry's compensation has increased whilst company is loss making.
  • Larry's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the General Electric management team in years:

1.7
Average Tenure
53.5
Average Age
  • The average tenure for the General Electric management team is less than 2 years, this suggests a new team.
Management Team

Larry Culp

TITLE
Chairman & CEO
COMPENSATION
$25M
AGE
56
TENURE
1.5 yrs

L. Cox

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$14M
AGE
56
TENURE
1.2 yrs

David Joyce

TITLE
Vice Chair
COMPENSATION
$24M
AGE
62
TENURE
3.6 yrs

Russell Stokes

TITLE
Senior Vice President
COMPENSATION
$11M
AGE
48
TENURE
4.5 yrs

Carolina Dybeck Happe

TITLE
Senior VP & CFO
AGE
47
TENURE
0.1 yrs

Tom Timko

TITLE
VP, Controller & Chief Accounting Officer
AGE
51
TENURE
1.6 yrs

Vic Abate

TITLE
Senior VP & Chief Technology Officer
TENURE
4.6 yrs

Chris Drumgoole

TITLE
VP & Chief Information Officer
AGE
43
TENURE
1.8 yrs

Steve Winoker

TITLE
Vice President of Investor Communications
TENURE
1.3 yrs

Mike Holston

TITLE
Senior VP
COMPENSATION
$14M
AGE
57
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the General Electric board of directors in years:

2.3
Average Tenure
58
Average Age
  • The average tenure for the General Electric board of directors is less than 3 years, this suggests a new board.
Board of Directors

Larry Culp

TITLE
Chairman & CEO
COMPENSATION
$25M
AGE
56
TENURE
1.5 yrs

Risa Lavizzo-Mourey

TITLE
Independent Director
COMPENSATION
$321K
AGE
64
TENURE
3.3 yrs

Tom Horton

TITLE
Lead Independent Director
COMPENSATION
$366K
AGE
57
TENURE
1.5 yrs

Leslie Seidman

TITLE
Independent Director
COMPENSATION
$343K
AGE
57
TENURE
2 yrs

James Tisch

TITLE
Independent Director
COMPENSATION
$298K
AGE
66
TENURE
9.8 yrs

Frank D'Souza

TITLE
Independent Director
COMPENSATION
$332K
AGE
50
TENURE
7.2 yrs

Sébastien Bazin

TITLE
Independent Director
COMPENSATION
$314K
AGE
58
TENURE
4.3 yrs

Ed Garden

TITLE
Independent Director
COMPENSATION
$312K
AGE
58
TENURE
2.5 yrs

Paula G. Reynolds

TITLE
Independent Director
COMPENSATION
$339K
AGE
62
TENURE
1.3 yrs

Cathie Lesjak

TITLE
Independent Director
COMPENSATION
$274K
AGE
60
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Aug 19 Buy Leslie Seidman Individual 23. Aug 19 23. Aug 19 6,500 $7.80 $50,700
19. Aug 19 Buy Thomas Timko Individual 19. Aug 19 19. Aug 19 10,000 $8.83 $88,300
16. Aug 19 Buy Scott Strazik Individual 15. Aug 19 15. Aug 19 34,836 $8.01 $279,036
15. Aug 19 Buy H. Culp Individual 15. Aug 19 15. Aug 19 252,200 $7.93 $1,999,946
15. Aug 19 Buy Paula G. Reynolds Individual 14. Aug 19 15. Aug 19 10,000 $9.05 $85,300
14. Aug 19 Buy L. Cox Individual 13. Aug 19 13. Aug 19 105,600 $9.42 $994,752
13. Aug 19 Buy H. Culp Individual 12. Aug 19 12. Aug 19 331,684 $9.04 $2,998,423
13. Aug 19 Buy Thomas Horton Individual 12. Aug 19 12. Aug 19 55,248 $9.02 $498,337
28. May 19 Buy Risa Lavizzo-Mourey Individual 23. May 19 23. May 19 10,000 $9.75 $97,500
24. May 19 Sell Trian Fund Management, L.P. Company 22. May 19 24. May 19 -6,659,852 $10.02 $-64,196,874
X
Management checks
We assess General Electric's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Simply Wall St News

Should You Think About Buying General Electric Company (NYSE:GE) Now?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … 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. … Given that General Electric’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future.

Simply Wall St -

Do Institutions Own General Electric Company (NYSE:GE) Shares?

A look at the shareholders of General Electric Company (NYSE:GE) can tell us which group is most powerful. … General Electric is a pretty big company. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

The General Electric (NYSE:GE) Share Price Is Down 67% So Some Shareholders Are Wishing They Sold

While not a mind-blowing move, it is good to see that the General Electric Company (NYSE:GE) share price has gained 15% in the last three months. … In that time, the share price dropped 67%. … Other metrics may better explain the share price move.

Simply Wall St -

Have Insiders Been Buying General Electric Company (NYSE:GE) Shares?

So we'll take a look at whether insiders have been buying or selling shares in General Electric Company (NYSE:GE). … General Electric Insider Transactions Over The Last Year. … In total, General Electric insiders bought more than they sold over the last year

Simply Wall St -

General Electric Company (NYSE:GE) Investors Are Paying Above The Intrinsic Value

In this article I am going to calculate the intrinsic value of General Electric Company (NYSE:GE). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

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 -

Who 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 -

Is 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 -

What 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 -

Does 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 -

GE Company Info

Description

General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; blades for onshore and offshore wind turbines; and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial and military airframes; maintenance, component repair, and overhaul services, as well as replacement parts; integrated digital components; and additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics; drug discovery; biopharmaceutical manufacturing technologies; and performance enhancement solutions to hospitals, medical facilities, pharmaceutical and biotechnology companies, and life science research markets. The Capital segment leases and finances aircraft, aircraft engines, and helicopters; provides financial and underwriting solutions; and manages its run-off insurance operations which provides life and health insurance and reinsurance products. The company was founded in 1892 and is headquartered in Boston, Massachusetts.

Details
Name: General Electric Company
GE
Exchange: NYSE
Founded: 1892
$61,451,460,485
8,741,317,281
Website: http://www.ge.com
Address: General Electric Company
5 Necco 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 USD 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
ETLX GEL-U Common Stock Eurotlx IT EUR 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 COM USD0.06 Buenos Aires Stock Exchange AR ARS 12. Jan 2001
Number of employees
Current staff
Staff numbers
205,000
General Electric employees.
Industry
Industrial Conglomerates
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 07:52
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.