Forecast Of The Day: General Electric Aviation Revenues

+43.95%
Upside
64.55
Market
92.92
Trefis
GE: General Electric logo
GE
General Electric

What?

General Electric’s (NYSE:GE) Aviation Revenues reduced from $33 billion in 2019 to around $22 billion in 2020 and fell further to around $21 billion in 2021. Trefis expects the number to recover to about $27 billion by 2023.

Why?

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The decline was due to the impact of Covid-19 and lower demand from the aviation industry. However, we expect the business to recover driven by the strong market position of GE and the order backlog of its aircraft engines.

So What?

We don’t think the projected growth is priced into GE stock yet. We value GE at $118 per share, about 45% ahead of the current market price.

See Our Complete Analysis For General Electric

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns May 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 GE Return 5% -17% -68%
 S&P 500 Return 0% -13% 85%
 Trefis Multi-Strategy Portfolio 0% -17% 227%

[1] Month-to-date and year-to-date as of 5/6/2022
[2] Cumulative total returns since the end of 2016

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