Forecast Of The Day: General Electric Aviation Revenues
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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