After Dismal 3Q Free Cash Flow, GE Retrenches; Expect to Cut Our FVE, Dividend at Risk
We plan to cut our fair value estimate by as much at 10% following General Electric’s third-quarter earnings report, which revealed deeper challenges in the power segment than we had anticipated. We now expect industrial free cash flow through 2018 to be lower than our prior projections, with modest growth returning in 2019 and beyond.Underperformance in the power segment, driven by a lower volume of high-margin services and aeroderivative equipment, weighed heavily on industrial cash from oper...
General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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