Financials Boeing

Equities

BA

US0970231058

Aerospace & Defense

Market Closed - Nyse 04:00:02 2024-05-24 pm EDT 5-day change 1st Jan Change
174.5 USD +1.34% Intraday chart for Boeing -5.64% -33.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 183,335 120,843 118,316 113,529 157,693 107,135 - -
Enterprise Value (EV) 1 201,152 158,836 160,174 153,310 194,035 142,628 136,297 129,587
P/E ratio -291 x -10.3 x -28.2 x -23 x -71 x 164 x 23.8 x 16.7 x
Yield 2.52% - - - - - 0.05% 0.8%
Capitalization / Revenue 2.39 x 2.08 x 1.9 x 1.7 x 2.03 x 1.34 x 1.12 x 1.01 x
EV / Revenue 2.63 x 2.73 x 2.57 x 2.3 x 2.49 x 1.78 x 1.42 x 1.22 x
EV / EBITDA 680 x -15.1 x -211 x -97.8 x 178 x 34.4 x 14.7 x 11.2 x
EV / FCF -51 x -8.06 x -36.4 x 66.9 x 43.8 x 141 x 22.1 x 15.3 x
FCF Yield -1.96% -12.4% -2.74% 1.49% 2.28% 0.71% 4.53% 6.54%
Price to Book -21.3 x -6.81 x -7.9 x -7.06 x - -7.45 x -10.1 x -19.8 x
Nbr of stocks (in thousands) 562,791 564,530 587,699 595,983 604,977 613,884 - -
Reference price 2 325.8 214.1 201.3 190.5 260.7 174.5 174.5 174.5
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 80,159 95,799 106,426
EBITDA 1 296 -10,521 -758 -1,568 1,088 4,150 9,248 11,568
EBIT 1 -1,975 -12,767 -2,902 -3,547 -773 2,336 7,162 9,260
Operating Margin -2.58% -21.95% -4.66% -5.33% -0.99% 2.91% 7.48% 8.7%
Earnings before Tax (EBT) 1 -2,259 -14,476 -5,033 -5,022 -2,005 871.3 5,739 8,059
Net income 1 -636 -11,873 -4,202 -4,935 -2,222 637.9 4,727 6,745
Net margin -0.83% -20.42% -6.75% -7.41% -2.86% 0.8% 4.93% 6.34%
EPS 2 -1.120 -20.88 -7.150 -8.300 -3.670 1.064 7.347 10.44
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 1,013 6,177 8,478
FCF margin -5.15% -33.9% -7.06% 3.44% 5.7% 1.26% 6.45% 7.97%
FCF Conversion (EBITDA) - - - - 407.44% 24.41% 66.79% 73.29%
FCF Conversion (Net income) - - - - - 158.82% 130.66% 125.69%
Dividend per Share 2 8.220 - - - - - 0.0909 1.404
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 18,735 21,005 23,825 22,000 23,187
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 -86 278.5 962.4 1,377 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% 1.49% 4.58% 5.78% 8.63% 8.87%
Earnings before Tax (EBT) 1 -4,700 -1,618 377 -3,132 -649 -496 -400 -1,100 -9 -378 -186.2 671.9 807.4 1,332 1,512
Net income 1 -4,143 -1,219 193 -3,275 -634 -414 -149 -1,636 -23 -343 -123.2 434.8 662.5 995 1,157
Net margin -28.01% -8.71% 1.16% -20.53% -3.17% -2.31% -0.75% -9.04% -0.1% -2.07% -0.66% 2.07% 2.78% 4.52% 4.99%
EPS 2 -7.020 -2.060 0.3200 -5.490 -1.060 -0.6900 -0.2500 -2.700 -0.0400 -0.5600 -0.2357 0.7550 1.229 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 35,493 29,162 22,452
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 60.19 x -3.611 x -55.22 x -25.37 x 33.4 x 8.552 x 3.153 x 1.941 x
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 1,013 6,177 8,478
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 2,459,991 111,480 105,012
Book Value Per Share 2 -15.30 -31.50 -25.50 -27.00 - -23.40 -17.20 -8.800
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 1,768 1,932 2,105
Capex / Sales 1.96% 2.24% 1.57% 1.83% 1.96% 2.21% 2.02% 1.98%
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
174.5 USD
Average target price
221.6 USD
Spread / Average Target
+26.96%
Consensus