General Electric Stock Fair Value Calculation – GE Announces Rahul Ghai as its New CFO Beginning September
May 19, 2023
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General Electric ($NYSE:GE) (GE) has just announced the appointment of Rahul Ghai as its new Chief Financial Officer, effective September of this year. GE is a leading technology and financial services company that has been operating for over a century. It is one of the most recognizable companies in the world, and its products and services are found in many different industries across the globe. From jet engines to medical equipment, GE has a diverse portfolio that it uses to make advancements in various areas. The company is also an influential force on the stock market and has seen major growth over the last few years. Ghai brings to the table a wealth of experience in finance and accounting, including his previous roles at Monsanto and Schlumberger.
He will be responsible for leading the finance organization at GE, overseeing financial planning and analysis, corporate finance, tax, and accounting operations. With Ghai’s expertise, GE is confident that their financial performance will continue to grow. The appointment of Ghai to the CFO role at GE marks a major move for the company, and it speaks to their commitment to keeping up with innovation and financial performance. With Ghai’s leadership, GE is poised to become an even stronger presence in the global economy.
Market Price
On Thursday, GENERAL ELECTRIC (GE) announced the appointment of Rahul Ghai as its new Chief Financial Officer (CFO) effective beginning September. The news caused a surge in GE stock, with the opening price of $102.9 and closing price of $104.0, rising by 0.5% from the previous closing price of 103.5. Prior to joining GE, Ghai served as CFO of International Flavors & Fragrances Inc. (IFF), where he led the company through a successful transformation and delivered above-market growth. GE believes that Ghai’s experience in finance and operations will allow him to successfully navigate the company’s financial strategies and decisions to deliver further positive outcomes in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for General Electric. More…
| Total Revenues | Net Income | Net Margin |
| 78.37k | 8.48k | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for General Electric. More…
| Operations | Investing | Financing |
| 6.21k | 918 | -7.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for General Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 164.47k | 131.65k | 29.07 |
Key Ratios Snapshot
Some of the financial key ratios for General Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.7% | -17.1% | 13.5% |
| FCF Margin | ROE | ROA |
| 6.0% | 19.4% | 4.0% |
Analysis – General Electric Stock Fair Value Calculation
At GoodWhale, we have conducted a thorough fundamental analysis of GENERAL ELECTRIC‘s financials and prepared an insightful report. According to our proprietary Valuation Line, the fair value of GENERAL ELECTRIC share is around $64.0. Currently, the stock is trading at $104.0, which means it is overvalued by 62.4%. We advise investors to be cautious as the stock may not be worth the price it is currently being traded at. More…
Peers
In the competitive world of today’s businesses, it is not uncommon for companies to find themselves in head-to-head battles with their competitors. This is certainly the case for General Electric Co, which finds itself up against such companies as Siemens AG, MotorVac Technologies Inc, and Hangzhou Zhongtai Cryogenic Technology Corp. While each of these companies has its own strengths and weaknesses, it is clear that GE has its work cut out for it if it wants to stay ahead of the competition.
– Siemens AG ($OTCPK:SIEGY)
Siemens AG is a German conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The principal divisions of the company are Industry, Energy, Healthcare (Siemens Healthineers), and Infrastructure & Cities, which represent the main activities of the company. Siemens AG is organized into four main business sectors: Industry, Energy, Healthcare, and Infrastructure & Cities.
– MotorVac Technologies Inc ($OTCPK:MVAC)
MotorVac Technologies Inc is a publicly traded company with a market capitalization of $4.62 million as of 2022. The company is engaged in the development, manufacturing and marketing of vehicle service equipment for the automotive aftermarket industry. Its products are used in the maintenance and repair of vehicles.
– Hangzhou Zhongtai Cryogenic Technology Corp ($SZSE:300435)
Hangzhou Zhongtai Cryogenic Technology Corp is a publicly traded company with a market cap of 5.42 billion as of 2022. The company has a return on equity of 8.72%. The company is involved in the manufacturing of cryogenic equipment and products. The company’s products are used in a variety of industries, including the medical, scientific, and industrial fields.
Summary
General Electric is a diversified global industrial company with a long history of success. The company recently announced that Rahul Ghai will be taking over as the new Chief Financial Officer in September. Investors should take note of several key considerations when looking at GE. Firstly, the company has a strong portfolio of products that span multiple industries, which provides a cushion against economic downturns. Secondly, GE has a long-term strategy that focuses on growth and value creation.
Thirdly, the company has a wide array of investments in research and development and has created a strong network of partners to ensure continued success. Finally, GE has strong financials, with high returns on equity and excellent balance sheets. Overall, GE remains a solid stock for long-term investors.
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