Financials Boeing Buenos Aires S.E.

Equities

BA

ARDEUT110061

Aerospace & Defense

End-of-day quote Buenos Aires S.E. 06:00:00 2024-07-10 pm EDT 5-day change 1st Jan Change
10,800 ARS +1.17% Intraday chart for Boeing +1.22% +2.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 183,335 120,843 118,316 113,529 157,693 113,192 - -
Enterprise Value (EV) 1 201,152 158,836 160,174 153,310 194,035 151,726 145,619 137,236
P/E ratio -291 x -10.3 x -28.2 x -23 x -71 x 423 x 27.2 x 18.1 x
Yield 2.52% - - - - - 0.05% 0.77%
Capitalization / Revenue 2.39 x 2.08 x 1.9 x 1.7 x 2.03 x 1.44 x 1.2 x 1.07 x
EV / Revenue 2.63 x 2.73 x 2.57 x 2.3 x 2.49 x 1.94 x 1.54 x 1.29 x
EV / EBITDA 680 x -15.1 x -211 x -97.8 x 178 x 40.7 x 16.8 x 12.5 x
EV / FCF -51 x -8.06 x -36.4 x 66.9 x 43.8 x -134 x 27.6 x 16.9 x
FCF Yield -1.96% -12.4% -2.74% 1.49% 2.28% -0.74% 3.62% 5.93%
Price to Book -21.3 x -6.81 x -7.9 x -7.06 x - -7.42 x -10.2 x -19 x
Nbr of stocks (in thousands) 562,791 564,530 587,699 595,983 604,977 615,473 - -
Reference price 2 325.8 214.1 201.3 190.5 260.7 182.3 182.3 182.3
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 78,403 94,459 105,989
EBITDA 1 296 -10,521 -758 -1,568 1,088 3,727 8,674 11,013
EBIT 1 -1,975 -12,767 -2,902 -3,547 -773 1,900 6,863 8,814
Operating Margin -2.58% -21.95% -4.66% -5.33% -0.99% 2.42% 7.27% 8.32%
Earnings before Tax (EBT) 1 -2,259 -14,476 -5,033 -5,022 -2,005 385.2 5,333 7,564
Net income 1 -636 -11,873 -4,202 -4,935 -2,222 185.5 4,237 6,203
Net margin -0.83% -20.42% -6.75% -7.41% -2.86% 0.24% 4.49% 5.85%
EPS 2 -1.120 -20.88 -7.150 -8.300 -3.670 0.4309 6.701 10.09
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 -1,129 5,275 8,138
FCF margin -5.15% -33.9% -7.06% 3.44% 5.7% -1.44% 5.58% 7.68%
FCF Conversion (EBITDA) - - - - 407.44% - 60.82% 73.9%
FCF Conversion (Net income) - - - - - - 124.52% 131.2%
Dividend per Share 2 8.220 - - - - - 0.1000 1.401
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 17,523 20,615 23,423 21,634 22,770
EBITDA 1 -3,637 -683 1,272 -2,306 149 308 357 -341 764 356 306.3 1,397 1,675 2,276 2,414
EBIT 1 -4,171 -1,169 774 -2,799 -353 -149 -99 -808 283 -86 -247.8 903.5 1,264 1,496 1,717
Operating Margin -28.2% -8.36% 4.64% -17.54% -1.77% -0.83% -0.5% -4.46% 1.29% -0.52% -1.41% 4.38% 5.4% 6.92% 7.54%
Earnings before Tax (EBT) 1 -4,700 -1,618 377 -3,132 -649 -496 -400 -1,100 -9 -378 -648.9 595.5 684.5 1,309 1,496
Net income 1 -4,143 -1,219 193 -3,275 -634 -414 -149 -1,636 -23 -343 -502.4 427.7 589 993 1,132
Net margin -28.01% -8.71% 1.16% -20.53% -3.17% -2.31% -0.75% -9.04% -0.1% -2.07% -2.87% 2.07% 2.51% 4.59% 4.97%
EPS 2 -7.020 -2.060 0.3200 -5.490 -1.060 -0.6900 -0.2500 -2.700 -0.0400 -0.5600 -0.7716 0.6083 1.089 1.155 1.447
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 38,534 32,427 24,044
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 60.19 x -3.611 x -55.22 x -25.37 x 33.4 x 10.34 x 3.739 x 2.183 x
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 -1,129 5,275 8,138
ROE (net income / shareholders' equity) 47.5% - - - - -0.4% - -
ROA (Net income/ Total Assets) -1.57% -8.31% -2.89% -3.58% -1.62% -0.23% 3.06% 5.88%
Assets 1 40,636 142,881 145,343 137,811 137,059 -81,391 138,600 105,578
Book Value Per Share 2 -15.30 -31.50 -25.50 -27.00 - -24.60 -18.00 -9.580
Cash Flow per Share 2 -4.320 -32.40 -5.810 5.860 9.830 -1.120 11.40 17.30
Capex 1 1,500 1,303 980 1,222 1,527 1,775 1,955 2,126
Capex / Sales 1.96% 2.24% 1.57% 1.83% 1.96% 2.26% 2.07% 2.01%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
183.9 USD
Average target price
218.6 USD
Spread / Average Target
+18.89%
Consensus