Culp Will Unlock GE’s Considerable Asset Value, Even Amid Near-term Free Cash Flow Troubles
After taking a deeper dive into GE’s fundamentals, including a review of the firm’s third-quarter 10-Q filing, we lowered our fair value estimate to $13.70 from $16.30 per share. The primary levers driving our reduced fair value estimate are our reduced projections of the firm's power and renewable energy segments than we previously modeled, as well as reductions to our stage II assumptions. These are somewhat offset by greater-than-expected strength at GE Aviation. While we were originally bear...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.
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