Financials Boeing

Equities

BA

US0970231058

Aerospace & Defense

Real-time Estimate Cboe BZX 04:00:03 2024-05-17 pm EDT 5-day change 1st Jan Change
184.7 USD +0.98% Intraday chart for Boeing +3.56% -29.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 183,335 120,843 118,316 113,529 157,693 112,316 - -
Enterprise Value (EV) 1 201,152 158,836 160,174 153,310 194,035 147,918 140,891 133,295
P/E ratio -291 x -10.3 x -28.2 x -23 x -71 x 161 x 24.2 x 17 x
Yield 2.52% - - - - - 0.09% 0.79%
Capitalization / Revenue 2.39 x 2.08 x 1.9 x 1.7 x 2.03 x 1.39 x 1.17 x 1.05 x
EV / Revenue 2.63 x 2.73 x 2.57 x 2.3 x 2.49 x 1.84 x 1.47 x 1.25 x
EV / EBITDA 680 x -15.1 x -211 x -97.8 x 178 x 35 x 15.2 x 11.4 x
EV / FCF -51 x -8.06 x -36.4 x 66.9 x 43.8 x 114 x 22.1 x 15.7 x
FCF Yield -1.96% -12.4% -2.74% 1.49% 2.28% 0.88% 4.53% 6.36%
Price to Book -21.3 x -6.81 x -7.9 x -7.06 x - -7.95 x -10.4 x -19.8 x
Nbr of stocks (in thousands) 562,791 564,530 587,699 595,983 604,977 613,884 - -
Reference price 2 325.8 214.1 201.3 190.5 260.7 183.0 183.0 183.0
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 76,559 58,158 62,286 66,608 77,794 80,544 96,153 106,699
EBITDA 1 296 -10,521 -758 -1,568 1,088 4,223 9,294 11,670
EBIT 1 -1,975 -12,767 -2,902 -3,547 -773 2,408 7,293 9,436
Operating Margin -2.58% -21.95% -4.66% -5.33% -0.99% 2.99% 7.59% 8.84%
Earnings before Tax (EBT) 1 -2,259 -14,476 -5,033 -5,022 -2,005 937.6 5,901 8,281
Net income 1 -636 -11,873 -4,202 -4,935 -2,222 682 4,846 6,891
Net margin -0.83% -20.42% -6.75% -7.41% -2.86% 0.85% 5.04% 6.46%
EPS 2 -1.120 -20.88 -7.150 -8.300 -3.670 1.134 7.570 10.73
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 1,295 6,380 8,475
FCF margin -5.15% -33.9% -7.06% 3.44% 5.7% 1.61% 6.64% 7.94%
FCF Conversion (EBITDA) - - - - 407.44% 30.65% 68.65% 72.63%
FCF Conversion (Net income) - - - - - 189.82% 131.66% 122.99%
Dividend per Share 2 8.220 - - - - - 0.1733 1.444
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 14,793 13,991 16,681 15,956 19,980 17,921 19,751 18,104 22,018 16,569 18,983 21,043 23,754 22,036 23,223
EBITDA 1 -3,637 -683 1,272 -2,306 149 308 357 -341 764 356 812.7 1,416 1,771 2,308 2,443
EBIT 1 -4,171 -1,169 774 -2,799 -353 -149 -99 -808 283 -86 326 984.2 1,395 1,898 2,057
Operating Margin -28.2% -8.36% 4.64% -17.54% -1.77% -0.83% -0.5% -4.46% 1.29% -0.52% 1.72% 4.68% 5.87% 8.61% 8.86%
Earnings before Tax (EBT) 1 -4,700 -1,618 377 -3,132 -649 -496 -400 -1,100 -9 -378 -143.9 679.8 810.8 1,332 1,512
Net income 1 -4,143 -1,219 193 -3,275 -634 -414 -149 -1,636 -23 -343 -87.07 440.5 661.2 995 1,157
Net margin -28.01% -8.71% 1.16% -20.53% -3.17% -2.31% -0.75% -9.04% -0.1% -2.07% -0.46% 2.09% 2.78% 4.52% 4.98%
EPS 2 -7.020 -2.060 0.3200 -5.490 -1.060 -0.6900 -0.2500 -2.700 -0.0400 -0.5600 -0.1903 0.7627 1.228 1.300 1.618
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 1/26/22 4/27/22 7/27/22 10/26/22 1/25/23 4/26/23 7/26/23 10/25/23 1/31/24 4/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 17,817 37,993 41,858 39,781 36,342 35,601 28,575 20,978
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 60.19 x -3.611 x -55.22 x -25.37 x 33.4 x 8.43 x 3.075 x 1.798 x
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 1,295 6,380 8,475
ROE (net income / shareholders' equity) 47.5% - - - - 5.65% - -
ROA (Net income/ Total Assets) -1.57% -8.31% -2.89% -3.58% -1.62% 0.03% 4.24% 6.42%
Assets 1 40,636 142,881 145,343 137,811 137,059 2,630,211 114,273 107,284
Book Value Per Share 2 -15.30 -31.50 -25.50 -27.00 - -23.00 -17.60 -9.250
Cash Flow per Share 2 -4.320 -32.40 -5.810 5.860 9.830 4.750 11.90 18.00
Capex 1 1,500 1,303 980 1,222 1,527 1,711 1,870 2,045
Capex / Sales 1.96% 2.24% 1.57% 1.83% 1.96% 2.12% 1.94% 1.92%
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/31/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
29
Last Close Price
183 USD
Average target price
221.9 USD
Spread / Average Target
+21.30%
Consensus
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