NYSE:BA

Stock Analysis Report

Executive Summary

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.


Snowflake Analysis

Average dividend payer with reasonable growth potential.


Similar Companies

Share Price & News

How has Boeing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.0%

BA

-1.5%

US Aerospace & Defense

-1.1%

US Market


1 Year Return

-22.1%

BA

23.4%

US Aerospace & Defense

17.9%

US Market

Return vs Industry: BA underperformed the US Aerospace & Defense industry which returned 23.4% over the past year.

Return vs Market: BA underperformed the US Market which returned 17.9% over the past year.


Shareholder returns

BAIndustryMarket
7 Day-3.0%-1.5%-1.1%
30 Day2.3%-0.2%1.4%
90 Day-11.5%6.0%6.9%
1 Year-20.2%-22.1%25.6%23.4%20.3%17.9%
3 Year99.1%86.2%51.9%43.8%47.8%38.3%
5 Year148.9%119.0%91.8%73.7%71.9%53.0%

Price Volatility Vs. Market

How volatile is Boeing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Boeing undervalued compared to its fair value and its price relative to the market?

39.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BA ($330.38) is trading below our estimate of fair value ($545.71)

Significantly Below Fair Value: BA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BA is unprofitable, so we can't compare its PE Ratio to the Aerospace & Defense industry average.

PE vs Market: BA is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BA has negative assets, so we can't compare its PB Ratio to the US Aerospace & Defense industry average.


Next Steps

Future Growth

How is Boeing forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

40.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: BA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BA's is expected to become profitable in the next 3 years.

Revenue vs Market: BA's revenue (11% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: BA's revenue (11% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BA's Return on Equity is forecast to be low in 3 years time (13.9%).


Next Steps

Past Performance

How has Boeing performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BA is currently unprofitable.

Growing Profit Margin: BA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BA is unprofitable, but has reduced losses over the past 5 years at a rate of 4.6% per year.

Accelerating Growth: Unable to compare BA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BA is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (8.1%).


Return on Equity

High ROE: BA's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Boeing's financial position?


Financial Position Analysis

Short Term Liabilities: BA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BA has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: BA has a high level of physical assets or inventory.

Debt Coverage by Assets: BA has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BA has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: BA has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Boeing's current dividend yield, its reliability and sustainability?

2.49%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years2.7%

Current dividend yield vs market & industry

Notable Dividend: BA's dividend (2.49%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BA's dividend (2.49%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: BA's dividends per share have been stable in the past 10 years.

Growing Dividend: BA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BA's dividends in 3 years are forecast to be covered by earnings (53.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Dave Calhoun (61yo)

0.08yrs

Tenure

US$355,110

Compensation

Mr. David L. Calhoun, also known as Dave, served as a Senior Managing Director and Head of Portfolio Operations at The Blackstone Group Inc. He served as Non-Executive Chairman of the Board at Boeing Compa ...


Leadership Team

NamePositionTenureCompensationOwnership
David Calhoun
President0.08yrsUS$355.11k0.00044% $818.6k
Gregory Smith
CFO and Executive VP of Enterprise Performance & Strategy8yrsUS$8.68m0.015% $27.9m
Gregory Hyslop
Chief Engineer and Senior Vice President0yrsUS$8.57m0.00051% $948.9k
Leanne Caret
Executive VP and President & CEO of Boeing Defense3.9yrsUS$10.73m0.0027% $5.0m
Jenette Ramos
Senior Vice President of Manufacturing2.7yrsno data0.0011% $2.1m
Andrew Ward
Chief Investment Officer10.5yrsno datano data
Vishwa Uddanwadiker
Interim Chief Information Officer and Senior VP of Information Technology & Data Analytics0.3yrsno datano data
Diana Sands
Senior Vice President for Office of Internal Governance & Administration3.9yrsUS$5.14m0.0027% $5.0m
Maurita Sutedja
Vice President of Investor Relations2.4yrsno datano data
Brett Gerry
Senior VP & General Counsel0.8yrsno data0.0013% $2.5m

2.7yrs

Average Tenure

52.5yo

Average Age

Experienced Management: BA's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Calhoun
President0.08yrsUS$355.11k0.00044% $818.6k
Lawrence Kellner
Non-Executive Chairman0.2yrsUS$371.00k0.00044% $818.6k
Mike Zafirovski
Independent Director15.3yrsUS$346.00kno data
Arthur Collins
Independent Director12.9yrsUS$366.00kno data
Edward Liddy
Independent Director9.7yrsUS$315.00k0.00073% $1.4m
Ronald Williams
Independent Director9.2yrsUS$361.00k0.00075% $1.4m
Susan Schwab
Independent Director10yrsUS$346.00k0.00032% $595.4k
Lynn Good
Independent Director4.5yrsUS$315.00k0.000090% $167.4k
Robert Bradway
Independent Director3.3yrsUS$346.00kno data
Edmund Giambastiani
Independent Director10.3yrsUS$325.63kno data

9.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: BA's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Boeing Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Boeing Company
  • Ticker: BA
  • Exchange: NYSE
  • Founded: 1916
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$186.054b
  • Shares outstanding: 563.15m
  • Website: https://www.boeing.com

Number of Employees


Location

  • The Boeing Company
  • 100 North Riverside Plaza
  • Chicago
  • Illinois
  • 60606-1596
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BANYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
BOELSE (London Stock Exchange)YesCommon SharesGBUSDJan 1968
BA *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1968
BCODB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
BCOXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1968
BASNSE (Santiago Stock Exchange)YesCommon SharesCLUSDJan 1968
BAWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1968
BOE-UETLX (Eurotlx)YesCommon SharesITEURJan 1968
BOEIENXTBR (Euronext Brussels)YesCommon SharesBEUSDJan 1968
BABASE (Buenos Aires Stock Exchange)CEDEAR (3 REP 1 USD5)ARARSMar 2000
BOEI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM SHSBRBRLAug 2012

Biography

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating and finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The Boeing Company was founded in 1916 and is based in Chicago, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:41
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.