GE - Pressure remains on to the downside!
已更新
Updated chart shows GE is still in downtrend. Reiterating target of $8.
On March 21, 2018 I posted:
As the saying goes “the bigger the drop, the bigger the need for repair.” Ex - all items, GE’s cash flow has not grown since 1994.
Just back 3 - 4 years ago GE -1.24% was producing ~ $24 billion in cash flow. Using Basel III 2.27% agreement TCE ratios, GE -1.24% is underfunded
by ~ $53 billion as of 3rd qtr. 2017. Assets need to be sold and equity add to the books!
Valuation: Using ex-item numbers, GE -1.24% produced ~$ 8.5 billion in cash flow for 2017. Applying a generous 2% growth rate the
Intrinsic Value Buy price is $6.50 and a Sell at $16.
Target of $8.
On March 21, 2018 I posted:
As the saying goes “the bigger the drop, the bigger the need for repair.” Ex - all items, GE’s cash flow has not grown since 1994.
Just back 3 - 4 years ago GE -1.24% was producing ~ $24 billion in cash flow. Using Basel III 2.27% agreement TCE ratios, GE -1.24% is underfunded
by ~ $53 billion as of 3rd qtr. 2017. Assets need to be sold and equity add to the books!
Valuation: Using ex-item numbers, GE -1.24% produced ~$ 8.5 billion in cash flow for 2017. Applying a generous 2% growth rate the
Intrinsic Value Buy price is $6.50 and a Sell at $16.
Target of $8.
註釋
Potential target of $5 by Feb. 2019.註釋
Reminding viewers of what we posted 17 months ago! Lots of research being published today. The simple version is to remember Basel III agreement TCE ratios. That being addressed, GE will need capital.How that does it remains to be seen.
GE needs a minimum of $32.25 billion adding non controlling equity back to the balance sheet. A maximum of $52.56 billion taking out non controlling equity.
This equates to a negative $5-$10 per share currently.
2019 Cash Flow is estimated to be ~$8.812 billion. At no growth this produces an intrinsic value of $6.14 - $14.13 per share.
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