general electric co (GNE:EN Paris)
general electric co (GNE) Snapshot
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Open
€18.21
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Previous Close
€18.25
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Day High
€18.27
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Day Low
€18.09
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52 Week High
05/22/13 - €18.68
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52 Week Low
06/5/12 - €14.48
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Market Cap
--
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Average Volume 10 Days
8.4K
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EPS TTM
€1.19
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Shares Outstanding
0.0
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EX-Date
02/21/13
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P/E TM
15.3x
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Dividend
€0.74
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Dividend Yield
3.04%
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general electric co (GNE) Latest News
general electric co (GNE) Related Businessweek News
general electric co (GNE) Details
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, generators, combined cycle systems, controls, and related services; wind turbines and solar technology; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment. The company’s Energy Management segments offers electrical distribution and control products, lighting and power panels, switchgears, and circuit breakers; engineering, inspection, mechanical, and emergency services; motors, drives, and control technologies; and plant automation, hardware, software, and embedded computing systems. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, related replacement parts, and aerospace systems and equipment for military and commercial aircrafts; and maintenance, component repair, and overhaul services. The company’s Healthcare segment provides medical imaging and information technologies, medical diagnostics, and patient monitoring systems; and disease research, drug discovery, and remote diagnostic and repair services. Its Transportation segment offers freight and passenger locomotives, diesel engines for rail, marine, and stationary power applications; railway signaling and communications systems; underground mining equipment; motorized drive systems; energy storage systems; and information technology solutions. Its Home and Business Solutions segment manufactures home appliances and lighting products. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, home loans, credit cards, personal loans, and other financial services. The company was founded in 1892 and is headquartered in Fairfield, Connecticut.
general electric co (GNE) Top Compensated Officers
general electric co (GNE) Key Developments
General Electric Company (NYSE:GE) is examining a range of strategic options that could include an initial public offering of some parts of the business, GE Capital, Jeff Immelt, Chief Executive Officer of GE, said on May 22, 2013. Immelt set a new target to cut the assets that will be held by GE Capital at the end of 2014 to less than half their size in the run-up to the 2008 financial crisis. "We think the timing is good to be thinking strategically," Immelt said during an annual Electrical Products Group conference in Florida. "We think there's a lot of techniques to do it," he added.
General Electric Company (NYSE:GE) is considering an initial public offering of the consumer finance unit. Jeffrey Immelt, Chief Executive Officer of General Electric, said, "In financial services, putting things up for sale with the assumption that a bank would buy it has been a fool’s journey. So the only way you’ve been able to think about this is by thinking about IPOs. The market, I think, is open. If we miss it, that’s on me." The cash from offering will be used to buy back more shares. Jeffrey Immelt said, “The businesses that GE may exit are great assets, fantastic, but we think our commercial finance assets are very strong and very consistent with our competitive advantage. The capital markets are very receptive to IPOs and a lot of different technologies today, so you basically have as good a setting as you could possibly have." General Electric share increased 0.8% to $23.86 at the market close in New York.
The News report quoted financial market sources as saying that Mitsubishi UFJ Financial Group, Inc. (TSE:8306) had offered to acquire General Electric Company’s (NYSE:GE) 25.3% stake in Bank of Ayudhya Public Company Limited (SET:BAY) for THB 40 per share. According to the news report, the sale would be worth almost THB 62 billion. Others bidders include Khazanah Nasional Berhad. Shares in Bank of Ayudhya rose by 0.7% at THB 36 after the local newspaper reported about Mitsubishi’s offer.
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Industry Analysis
GNE
Industry Average
| Valuation | GNE | Industry Range |
| Price/Earnings | 16.5x |
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| Price/Sales | 1.7x |
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| Price/Book | 2.0x |
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| Price/Cash Flow | 17.3x |
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| TEV/Sales | NM | Not Meaningful |
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