Definitive Analysis
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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

GE Aerospace (GE)

Company Dividend Discount ModelIndustry: Aerospace & DefenseSector: Industrials

Valuation Snapshot

Stable Growth$24.22 - $31.55$28.08
Multi-Stage$48.65 - $53.95$51.24
Blended Fair Value$39.66
Current Price$300.82
Upside-86.81%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.21%-19.53%0.940.550.590.540.600.604.168.058.208.65
YoY Growth--71.14%-7.82%11.13%-11.27%-0.15%-85.49%-48.28%-1.77%-5.26%5.00%
Dividend Yield--0.47%0.39%0.78%0.94%0.92%1.53%8.28%12.48%5.75%5.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,062.00
(-) Cash Dividends Paid (M)1,377.00
(=) Cash Retained (M)6,685.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,612.401,007.75604.65
Cash Retained (M)6,685.006,685.006,685.00
(-) Cash Required (M)-1,612.40-1,007.75-604.65
(=) Excess Retained (M)5,072.605,677.256,080.35
(/) Shares Outstanding (M)1,074.291,074.291,074.29
(=) Excess Retained per Share4.725.285.66
LTM Dividend per Share1.281.281.28
(+) Excess Retained per Share4.725.285.66
(=) Adjusted Dividend6.006.576.94
WACC / Discount Rate9.28%9.28%9.28%
Growth Rate-12.43%-11.43%-10.43%
Fair Value$24.22$28.08$31.55
Upside / Downside-91.95%-90.66%-89.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,062.007,140.736,324.745,602.004,961.844,394.844,526.68
Payout Ratio17.08%31.66%46.25%60.83%75.42%90.00%92.50%
Projected Dividends (M)1,377.002,261.052,925.073,407.813,742.023,955.354,187.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.28%9.28%9.28%
Growth Rate-12.43%-11.43%-10.43%
Year 1 PV (M)2,045.642,069.002,092.36
Year 2 PV (M)2,394.272,449.272,504.88
Year 3 PV (M)2,523.662,611.112,700.55
Year 4 PV (M)2,507.152,623.652,744.15
Year 5 PV (M)2,397.612,537.662,684.19
PV of Terminal Value (M)40,400.5742,760.5445,229.54
Equity Value (M)52,268.9055,051.2257,955.66
Shares Outstanding (M)1,074.291,074.291,074.29
Fair Value$48.65$51.24$53.95
Upside / Downside-83.83%-82.97%-82.07%

High-Yield Dividend Screener

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