Professional
Added to YB: 2024-10-01
Pitch date: 2024-08-08
GE [bullish]
General Electric Company
+82.6%
current return
Author Info
No bio for this author
Company Info
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems.
Market Cap
$305.2B
Pitch Price
$164.19
Price Target
N/A
Dividend
0.50%
EV/EBITDA
26.47
P/E
38.61
EV/Sales
7.15
Sector
Aerospace and Defense
Category
value
TCW Select Equities Fund New Position: GE Aerospace
GE: Leading aircraft engine supplier (75% commercial, 25% defense). Oligopoly market, high barriers. Razor-blade model: profits from aftermarket services. Favorable industry dynamics: OEM demand exceeds supply, 80% aircraft past warranty. Strong balance sheet, management, FCF. Undervalued given business strength & market position.
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