We maintain our $138 fair value estimate for no-moat GE Vernova following its first-quarter results. We continue to believe GE Vernova is well positioned to achieve its long-term margin targets but believe this is already priced into shares. Hence our view is that shares are fairly valued.
GE Vernova enjoys leadership market positions in oligopolistic markets, including gas turbines and North American onshore wind.
GE Vernova's historical-margin and profitability track record has been inconsistent.
|
Metric
|
GEV
|
ABBN
|
ENR
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 22.60 | — |
Price/Book Value | 4.64 | 7.30 | 1.45 |
Price/Sales | 1.25 | 2.95 | 0.48 |
Price/Cash Flow | 743.71 | 22.19 | — |
|
Metric
|
GEV
|
ABBN
|
ENR
|
|---|---|---|---|
Quick Ratio | 0.66 | 0.83 | 0.55 |
Current Ratio | 1.00 | 1.23 | 0.92 |
Interest Coverage | 0.31 | 19.59 | −3.48 |
|
Metric
|
GEV
|
ABBN
|
ENR
|
|---|---|---|---|
Return on Assets (Normalized) | −1.24% | 8.77% | −8.16% |
Return on Equity (Normalized) | −6.10% | 27.51% | −37.82% |
Return on Invested Capital (Normalized) | −4.72% | 15.88% | −24.60% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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