Explain this page
Arphra AIPlain-English read on GE Aerospace’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +23.18% | +34.84% | +35.11% | +37.19% | +36.83% | +37.27% | +36.61% | +36.12% | +36.29% |
| Operating margin | +1.87% | +12.34% | +13.34% | +17.47% | +19.13% | +16.18% | +16.48% | +16.33% | +16.52% |
| EBITDA margin | -2.74% | +13.88% | +35.78% | +25.30% | +26.31% | +29.08% | +29.57% | +28.51% | +28.29% |
| EBIT margin | -6.92% | +9.82% | +32.45% | +22.24% | +23.65% | +26.30% | +26.11% | +26.66% | +25.68% |
| Pre-tax margin | -10.09% | +5.22% | +29.54% | +19.69% | +21.81% | +23.56% | +24.25% | +23.21% | +23.45% |
| Net margin | -11.22% | +1.15% | +26.82% | +16.94% | +18.98% | +17.08% | +16.40% | +17.00% | +16.70% |
| Cost structure | |||||||||
| Cost of revenue / sales | +76.82% | +65.16% | +64.89% | +62.81% | +63.17% | +62.72% | +62.54% | +62.08% | +62.80% |
| R&D intensity | +2.98% | +2.77% | +2.86% | +3.32% | +3.45% | +3.19% | +3.26% | +3.17% | +3.19% |
| SG&A intensity | +18.33% | +19.73% | +18.90% | +16.40% | +8.92% | +14.63% | +14.39% | +14.62% | +14.51% |
| Effective tax rate | — | +11.10% | +9.52% | +12.62% | +14.05% | +12.48% | +12.01% | +11.98% | +11.91% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | -15.17% | +0.96% | +33.15% | +33.51% | +46.06% | +29.98% | +28.34% | +30.70% | +28.63% |
| Return on assets (ROA) | -3.19% | +0.18% | +5.38% | +5.21% | +6.69% | +4.62% | +4.50% | +4.70% | +4.46% |
| Return on capital (ROC) | +1.33% | +5.89% | +9.36% | +16.93% | +22.26% | +14.83% | +14.94% | +14.97% | +14.99% |
| Return on invested capital (ROIC) | +0.99% | +0.55% | +18.83% | +16.41% | +22.10% | +15.65% | +14.87% | +15.58% | +15.15% |
| Asset turnover | +28.39% | +15.43% | +20.07% | +30.77% | +35.23% | +27.07% | +27.45% | +27.64% | +26.68% |
| DuPont · ROE decomposition | |||||||||
| Net margin | -11.22% | +1.15% | +26.82% | +16.94% | +18.98% | +17.08% | +16.40% | +17.00% | +16.70% |
| Asset turnover (× revenue / assets) | +28.39% | +15.43% | +20.07% | +30.77% | +35.23% | +27.07% | +27.45% | +27.64% | +26.68% |
| Equity multiplier (× assets / equity) | +476.23% | +540.93% | +615.65% | +642.79% | +688.80% | +648.51% | +629.71% | +653.60% | +642.72% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.28 | 0.15 | 0.20 | 0.31 | 0.35 | 0.27 | 0.27 | 0.28 | 0.27 |
| Fixed-asset turnover | 3.62 | 2.39 | 4.88 | 5.32 | 5.74 | — | — | — | — |
| Inventory turnover | 2.74 | 1.28 | 2.77 | 2.49 | 2.44 | — | — | — | — |
| Receivables turnover | 2.75 | 1.68 | 3.05 | 3.14 | 3.00 | — | — | — | — |
| Payables turnover | 2.67 | 1.23 | 3.39 | 3.24 | 2.87 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 132.51 | 216.68 | 119.55 | 116.09 | 121.66 | — | — | — | — |
| Days inventory outstanding (DIO) | 133.34 | 286.26 | 131.81 | 146.60 | 149.54 | — | — | — | — |
| Days payables outstanding (DPO) | 136.68 | 296.03 | 107.60 | 112.81 | 126.98 | — | — | — | — |
| Cash conversion cycle | 129.18 | 206.91 | 143.77 | 149.87 | 144.21 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | -0.55 | 17.61 | 0.55 | 0.72 | 0.98 | 0.90 | 0.92 | 0.87 | 0.93 |
| FCF / Net income | -0.37 | 14.11 | 0.38 | 0.56 | 0.83 | 0.71 | 0.70 | 0.71 | 0.70 |
| FCF margin | +4.19% | +16.27% | +10.14% | +9.50% | +15.84% | +12.05% | +11.50% | +12.08% | +11.65% |
| OCF margin | +6.16% | +20.30% | +14.65% | +12.17% | +18.62% | +15.32% | +15.05% | +14.82% | +15.57% |
| CapEx / Revenue | +1.97% | +4.03% | +4.51% | +2.67% | +2.78% | +3.26% | +3.39% | +3.40% | +3.34% |
| CapEx / D&A | 0.37 | 0.40 | 0.77 | 0.87 | 1.04 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | +0.90% | +1.02% | +0.09% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | -6.16 | 0.04 | 8.36 | 5.99 | 8.16 | 7.56 | 8.60 | 9.82 | 10.83 |
| EPS · basic | -6.16 | 0.04 | 8.44 | 6.04 | 8.16 | 7.60 | 8.73 | 9.78 | 11.00 |
| Book value / share | 38.03 | 31.85 | 26.03 | 17.88 | 17.71 | 26.13 | 29.10 | 29.84 | 33.31 |
| Tangible BV / share | 5.69 | 14.42 | 13.66 | 6.19 | 5.26 | 26.13 | 29.10 | 29.84 | 33.31 |
| Sales / share | 51.43 | 26.59 | 32.16 | 35.38 | 42.98 | 45.88 | 50.30 | 53.90 | 57.12 |
| Operating CF / share | 3.17 | 5.40 | 4.71 | 4.31 | 8.00 | 7.03 | 7.57 | 7.99 | 8.90 |
| Free cash flow / share | 2.16 | 4.33 | 3.26 | 3.36 | 6.81 | 5.53 | 5.79 | 6.51 | 6.65 |
| Dividends / share | 0.52 | 0.58 | 0.54 | 0.92 | 1.36 | 1.16 | 1.27 | 1.31 | 1.43 |
| Payout ratio | -9.07% | +190.18% | +6.21% | +15.38% | +16.68% | +14.74% | +15.36% | +14.27% | +14.99% |
| Retention ratio | +109.07% | -90.18% | +93.79% | +84.62% | +83.32% | +85.26% | +84.64% | +85.73% | +85.01% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | -48.40% | +21.31% | +9.49% | +18.48% | +5.77% | +9.69% | +8.84% | +5.83% | +1.03% |
| Gross profit · YoY | — | -22.45% | +22.23% | +16.00% | +17.32% | +7.04% | +7.76% | +7.38% | +6.31% | +6.85% |
| Profit | ||||||||||
| Operating income · YoY | — | +239.89% | +31.17% | +43.33% | +29.71% | -10.52% | +11.73% | +7.87% | +7.02% | +32.62% |
| EBITDA · YoY | — | +361.81% | +212.71% | -22.60% | +23.22% | +16.91% | +11.55% | +4.93% | +5.02% | — |
| Net income · YoY | — | +105.30% | +2722.02% | -30.86% | +32.76% | -4.84% | +5.30% | +12.83% | +3.98% | — |
| Operating | ||||||||||
| EBIT · YoY | — | +173.27% | +300.91% | -24.97% | +25.99% | +17.64% | +8.91% | +11.12% | +1.94% | — |
| R&D · YoY | — | -51.96% | +25.12% | +27.20% | +22.86% | -2.08% | +12.24% | +5.69% | +6.59% | +1.91% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +100.70% | +19341.86% | -28.35% | +36.23% | -7.38% | +13.80% | +14.19% | +10.23% | — |
| EPS · basic · YoY | — | +100.70% | +19527.91% | -28.44% | +35.10% | -6.87% | +14.90% | +11.98% | +12.52% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $38.03B | $26.15B | $21.76B | $20.38B | $20.49B | $25.3B | $27.89B | $31.11B | $31.78B |
| Net debt | $22.26B | $10.34B | $6.56B | $6.76B | $8.1B | $8.14B | $8.75B | $11.34B | $9.95B |
| Net debt / EBITDA | -14.41 | 2.56 | 0.52 | 0.69 | 0.67 | 0.58 | 0.56 | 0.69 | 0.57 |
| Debt / equity | 0.91 | 0.75 | 0.76 | 1.04 | 1.08 | 0.92 | 0.91 | 0.97 | 0.89 |
| Debt / assets | +19.12% | +13.85% | +12.36% | +16.20% | +15.74% | +14.12% | +14.39% | +14.85% | +13.84% |
| Equity / assets | +21.00% | +18.49% | +16.24% | +15.56% | +14.52% | +15.42% | +15.88% | +15.30% | +15.56% |
| Coverage | |||||||||
| EBITDA / interest expense | -0.86 | 3.02 | 12.29 | 9.93 | 14.31 | 11.65 | 12.37 | 11.38 | 11.31 |
| Operating income / interest | 0.59 | 2.69 | 4.58 | 6.86 | 10.40 | 6.48 | 6.89 | 6.52 | 6.60 |
| Interest expense | $1.79B | $1.34B | $1.03B | $986M | $843M | $1.21B | $1.27B | $1.45B | $1.53B |
| Liquidity | |||||||||
| Current ratio | 1.28 | 1.18 | 1.33 | 1.09 | 1.04 | — | — | — | — |
| Quick ratio | 0.93 | 0.82 | 1.01 | 0.78 | 0.71 | — | — | — | — |
| Cash ratio | 0.30 | 0.32 | 0.47 | 0.40 | 0.32 | — | — | — | — |
| Working capital | $14.4B | $8.96B | $10.45B | $3.24B | $1.62B | — | — | — | — |
| Working capital / revenue | +25.49% | +30.74% | +29.57% | +8.38% | +3.52% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).