Wide-moat GE Aerospace reported its last quarterly results to include operations with the recently spun off wind and power businesses of GE Vernova. Management's discussion, and our analysis, focused on the stand-alone commercial and military jet engine and propulsion business, and we see great prospects for it.
Bears vastly underestimate the incremental profits GE will make from operating leverage as commercial aerospace fully recovers and its Leap engine aftermarket program enters its profitable phase.
Burgeoning demand for its engines could place GE Aerospace’s manufacturing and supply chain under disruptive strain, not just frustrating customers but hampering efficiency.
|
Metric
|
GE
|
RTX
|
MTX
|
|---|---|---|---|
Price/Earnings (Normalized) | 47.52 | 19.54 | 20.38 |
Price/Book Value | 5.84 | 2.22 | 4.05 |
Price/Sales | 2.52 | 1.99 | 2.23 |
Price/Cash Flow | 41.64 | 21.54 | 13.23 |
|
Metric
|
GE
|
RTX
|
MTX
|
|---|---|---|---|
Quick Ratio | 0.76 | 0.64 | 0.77 |
Current Ratio | 1.17 | 1.07 | 1.12 |
Interest Coverage | 5.22 | 3.15 | −2.42 |
|
Metric
|
GE
|
RTX
|
MTX
|
|---|---|---|---|
Return on Assets (Normalized) | 3.12% | 2.51% | 6.21% |
Return on Equity (Normalized) | 17.00% | 6.05% | 19.59% |
Return on Invested Capital (Normalized) | 10.09% | 5.17% | 15.68% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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BA
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GD
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