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BA

Boeing NYSE:BA Stock Report

Last Price

US$132.20

Market Cap

US$78.5b

7D

5.5%

1Y

-41.6%

Updated

06 Oct, 2022

Data

Company Financials +
BA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance0/6
Financial Health0/6
Dividends0/6

BA Stock Overview

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.

Boeing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Boeing
Historical stock prices
Current Share PriceUS$132.20
52 Week HighUS$233.94
52 Week LowUS$113.02
Beta1.42
1 Month Change-13.25%
3 Month Change-4.94%
1 Year Change-41.63%
3 Year Change-64.37%
5 Year Change-49.53%
Change since IPO544.88%

Recent News & Updates

Oct 04

Boeing: Buying Shares Now Is Likely To Be As Rewarding As Buying Chipotle At Its Crisis Lows

Summary Boeing has faced some major challenges in the past couple of years, but these issues are fading. Companies like Merck, Johnson & Johnson, and Chipotle all faced what seemed like existential challenges to many investors, but this is what created a major buying opportunity. Boeing revenues and the share price can rebound to pre-pandemic thanks to the growing long-term demand for air travel and for new planes that are fuel efficient. With Boeing shares trading at just $120, a rebound back to about $400 would provide significant gains for investors who buy now. After Boeing clears out inventory and pays off debt, it should be positioned to restore the dividend, which was $8.22 per share in 2019. The Crisis Is Fading And History Shows Boeing Can Rebound Like Many Other Companies: When I read articles about Boeing (NYSE:BA), I see many negative comments, which reminds me of similar comments I read back when Chipotle (CMG) was having a major food safety crisis which took the shares down to about $300. It took many quarters, but Chipotle got its act together, put the investigations and lawsuits behind them, and the doubters watched in disbelief as the stock subsequently went from $300 to around $2,000 per share. Chipotle is just one of many examples whereby a company faced a crisis that caused its revenues and share price to decline, only to see both revenues and the share price revert back to historical highs and even higher. This list includes Merck (MRK) which faced major issues with Vioxx, and Johnson & Johnson (JNJ) when Tylenol was recalled. Boeing planes make up a HUGE part of the global airlines and freight fleets and fly everyday providing the SAFEST and fastest form of modern travel. I don't know anyone who is afraid to fly a Boeing plane, and thousands of people fly Boeing planes every day. If Air Force One is good enough for the President of the United States, Boeing planes are going to be just fine for the rest of us. Let's also remember that Boeing has a huge moat around it with only one other real competitor, which is Airbus (OTCPK:EADSY). Boeing continues to hold an incredibly strong position in the industry. It also has an important defense and space division. The Chart: As the chart below shows, Boeing shares formed a bullish "double bottom" in May and June. The stock has been under pressure in the past couple of weeks as the market indexes are back to testing the lows hit earlier this year. It's worth noting that Boeing shares have not retested the lows recently, and that is a sign of relative strength. One reason for improved strength is because Boeing continues to announce news that shows it is putting its problems in the past and it is receiving new orders. China Airlines just announced an order for twenty four 787 Dreamliner planes, and they mention that fuel efficiency was a big reason for the order. The shares are now oversold and if market sentiment improves, could be poised to trade back towards the 50-day moving average of about $155, and the 200-day moving average, which is around $168 per share. StockCharts Global Demand For Travel Is Expected To Triple By 2050, Plus Airlines Want New Planes Which Are Fuel-Efficient: The future looks bright for Boeing, and major tailwinds will be population growth, increasing demand for travel and increasing demand for more fuel-efficient planes. A recent CNBC article points out that air travel is expected to triple by 2050. It also discusses the plans that airlines have to cut emissions, a big part of which is only possible by buying new planes since they are vastly more fuel efficient. Another huge positive for air travel in the coming years is the growing purchasing power in many emerging market countries. Many of these people have never taken a flight in their country much less outside of their country, and this should be part of what boosts air travel over the years. With these very positive long-term trends, it makes sense to be buying Boeing shares while it is facing short term concerns which appear to be fading in the next 12 to 18 months. Earnings Could Revert Back To Nearly $20 Per Share And Take The Share Price Back To $400:

Sep 27

Boeing delivers on 100th 737-800 BCF order to AerCap

Boeing (NYSE:BA) and AerCap (NYSE:AER) has announced the milestone delivery of the 100th contracted 737-800 Boeing Converted Freighter to the world's largest lessor, AerCap. The 100th 737-800BCF was converted at Boeing Shanghai Aviation Services, home to the first 737-800BCF conversion line. With up to 20% lower fuel use and CO2 emissions per tonne, 737-800BCF operators are carrying more payload with less fuel. The 737-800BCF is the market leader with more than 250 orders and commitments from over 20 customers. "Across five continents, our customers' 737-800BCF utilization hours are far surpassing those of the previous generation fleet. It's a testament to the important role these freighters play in unlocking market opportunities for our air cargo operators and their customers." said Kate Schaefer, vice president of Boeing's Commercial Modifications, Engineering & Specialty Products business.

Sep 20

L3Harris wins $91.5M contract from Boeing

Boeing (NYSE:BA) has selected L3Harris Technologies (NYSE:LHX) to supply mission-management processors for the T-7A Red Hawk as part of a $91.5M contract. Slated to be operational by 2024, the T-7A Red Hawk is the newest U.S. Air Force jet trainer in 60 years. The mission-management processors, developed specifically for the Red Hawk, collate multiple data streams, making the information a pilot has to process in-flight easier to decipher. The sensors and communication capabilities maximize battlespace awareness by connecting internal and external data networks and link video feeds to flight displays. The processors also host specific simulations for pilots undergoing training.

Sep 13

Boeing jetliner deliveries rise in August as Dreamliner handover resumes

Boeing (NYSE:BA) reported 35 airplane deliveries in August, up from a five-month low of 26 aircraft deliveries in July as the aircraft manufacturer resumed deliveries of its 787 Dreamliner. The company delivered 27 737 MAX jets, two 787s and five freighters. Dreamliner deliveries resumed after a 15-month delay after facing manufacturing flaws on the widebody jet that is an important source of cash for the company. The first Dreamliner delivery since May 2021 was made to Lufthansa and KLM. American Airlines (AAL) also took the first delivery from Boeing's 787 factory in South Carolina, but they were not booked for August. American Airlines has reaffirmed its plans to take delivery of nine of the planes this year. Boeing has about 120 787s awaiting delivery. A total of 240 737 MAX jets have been delivered so far this year, with overall deliveries at 277 through August. Boeing's gross orders net of cancellations rose to 338 for the year. BA shares were down around 5% shortly before 12.15PM ET

Sep 06

Boeing's Financials And The Broad Market Backdrop Make It Uninvestable

Summary Boeing was once a darling of a stock in the 2010s. The company had an enviable balance sheet at the time, and its reputation was practically flawless. That all changed with the 737 MAX debacle, something consumers won't ever forget given that it has been etched in the minds of travelers via a high-profile documentary. With that bearish backdrop clearly stated, Boeing is benefiting immensely from recovering passenger air travel demand while the outlook for defense spending in Western countries is quite robust. We like Boeing's strong commercial aircraft backlog, but its financials and huge net debt position leave a lot to be desired. The stock trades at a discount to our fair value estimate, but broader global economic concerns and the potential for a market "flush" make its stock uninvestable, in our view. By The Valuentum Team The Boeing Company (BA) was once a darling of a stock in the 2010s. The company had an enviable balance sheet, and its reputation was practically flawless, albeit not perfect. At the time, we were looking at Boeing's shares as fortress-like, and we were huge fans of its commercial aircraft backlog, which it retains. However, the black marks associated with its 737 MAX, all but highlighted on DOWNFALL: The Case Against Boeing, have in part made dabbling in shares of the aerospace giant a difficult proposition. Furthermore, concerns over global economic growth in Europe and China coupled with worries about the health of the U.S. consumer, as outlined in Valuentum President's Brian Nelson's latest video, where he expects a huge market "flush," should give investors pause, especially in the context of Boeing's weakened and battered balance sheet. With that bearish backdrop clearly stated, Boeing is benefiting immensely from recovering passenger air travel demand while the outlook for defense spending in Western countries is quite robust due to rising geopolitical tensions. Boeing's order backlog is steadily recovering, though its financial strength remains lackluster as the firm has been dealing with several crises in recent years. Not only was the 737 MAX grounded in March 2019, the negative headlines haven't disappeared, and its 787 aircraft is now dealing with immense regulatory scrutiny. In August, Boeing restarted its deliveries of its 787 aircraft (the first since May 2021), alleviating in part major headwinds to its financial performance. All things considered, however, we think Boeing's fundamentals and struggling financials coupled with the stock market's bearish backdrop make it "uninvestable" for some time yet. Image Shown: Passenger air travel activity is steadily recovering from the pandemic and air cargo traffic remains robust, supporting Boeing's longer term outlook. (Image Source: Boeing - First Quarter of 2022 IR Earnings Presentation) Boeing's Key Investment Considerations Image Source: Valuentum Boeing is the largest manufacturer of commercial jetliners and military aircraft combined. Boeing also makes rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. The firm is a major service provider to NASA. The aerospace giant had been benefiting from a benign operating environment until COVID-19 and 737 MAX troubles derailed progress. Boeing suspended its dividend and tapped debt markets in 2020 to ride out the storm, though significant headwinds remain. Boeing's commercial aerospace backlog of unfulfilled deliveries offers it some visibility and recent orders indicate the firm may finally be turning the corner after years of missteps and regulatory problems stymied its growth story. The company was working to build a $50 billion services division, though COVID-19 has delayed those efforts. The U.S. FAA cleared the 737 MAX to return to the skies in November 2020, as did EU regulators in January 2021, followed by Chinese regulators in December 2021. Now Boeing is working hard to resume the pace of deliveries of its 787 Dreamliner planes. Boeing's outlook is improving, but we're still very, very cautious on shares. That said, the company has aggressively cut costs in recent years to offset headwinds created by COVID-19 and regulatory hurdles. The firm's cost savings programs involve rationalizing its manufacturing footprint and shrinking its headcount across the board. This will help, but its reputation may be damaged for some time given the 737 MAX disasters. Boeing's Financial Health Boeing exited March 2022 with a massive net debt load of ~$45.5 billion (inclusive of short-term debt) after generating negative free cash flows in each year from 2019-2021. The company also generated negative free cash flows during the first quarter of 2022. Large working capital builds due to its inability to deliver certain aircraft, a product of its lackluster operational execution and regulatory intervention, is largely why Boeing has had difficulties generating positive free cash flows in recent years. In March 2020, Boeing suspended its dividend as it contended with a rapidly deteriorating outlook for aircraft demand in the wake of the early days of the pandemic and large working capital builds due to the grounding of its 737 MAX aircraft (which wasn't cleared to fly again in the US by the Federal Aviation Administration until late 2020). Back in April 2019, Boeing suspended its share buyback program. As an aside, Boeing suspended its operations in Russia (it is no longer offering services, parts, and support to Russian airlines) and also is no longer buying titanium from Russia. One of the few things working in Boeing's favor is its strong order backlog, which stood at $370.8 billion at the end of March 2022. That covered ~4,200 commercial aircraft with a backlog worth $290.3 billion, followed by a $57.7 billion backlog relating to national defense needs (defense, space, and security) along with a sizable services backlog. Boeing delivered 95 aircraft in the first quarter of 2022, up from 77 aircraft in the same period in 2021. Deliveries of Boeing's national security offerings remained robust in the first quarter of 2022 and was broadly flat, in unit terms, versus the same period last year. The company's backlog declined modestly (down $6.6 billion) from the end of December 2021 to the end of March 2022, primarily due to Boeing picking up the pace of its deliveries, though its backlog still remained enormous. At the end of December 2020, Boeing's backlog stood at $363.4 billion (covering ~4,000 commercial aircraft along with sizable defense, services, and other offerings), indicating its order book has more or less resumed its growth trajectory over the past several quarters. Image Shown: Boeing's total backlog remains enormous and its commercial aircraft deliveries are steadily picking up the pace. (Image Source: Boeing - First Quarter of 2022 Earnings Press Release) Boeing's Economic Profit Analysis The best measure of a company's ability to create value for shareholders is expressed by comparing its return on invested capital with its weighted average cost of capital. The gap or difference between ROIC and WACC is called the firm's economic profit spread. Boeing's 3-year historical return on invested capital (without goodwill) has been negative, clearly well below the estimate of its cost of capital of 8.4%. As such, we assign Boeing a ValueCreation rating of VERY POOR. In the chart below, we show the probable path of ROIC in the years ahead based on the estimated volatility of key drivers behind the measure. The solid grey line reflects the most likely outcome, in our opinion, and represents the scenario that results in our fair value estimate. As shown, things aren't looking great for Boeing as it relates to economic profit creation, and we expect conditions to remain difficult for the company in this department for some time yet. Image Source: Valuentum Boeing's Cash Flow Valuation Analysis Image Source: Valuentum Though we are bearish on shares, more generally, we do think they are cheap, but only for investors with a very long time horizon. It may take years for Boeing to come to reflect our estimate of intrinsic value, given the sentiment surrounding the name at the moment. On the basis of our enterprise valuation process, our fair value estimate for Boeing is $215 per share with a fair value estimate range of $167-$263. The margin of safety around our fair value estimate is driven by the firm's MEDIUM ValueRisk rating, which is derived from an evaluation of the historical volatility of key valuation drivers and a future assessment of them. Our near-term operating forecasts, including revenue and earnings, do not differ much from consensus estimates or management guidance. Our model reflects a compound annual revenue growth rate of 15.4% during the next five years, a pace that is higher than the firm's 3-year historical compound annual growth rate of -14.9%. Our valuation model reflects a 5-year projected average operating margin of 6%, which is above Boeing's trailing 3-year average. Beyond year 5, we assume free cash flow will grow at an annual rate of 2.2% for the next 15 years and 3% in perpetuity. For Boeing, we use a 8.4% weighted average cost of capital to discount future free cash flows. Boeing's Margin of Safety Analysis Image Source: Valuentum Our discounted cash flow process values each firm on the basis of the present value of all future free cash flows. Although we estimate Boeing's fair value at about $215 per share, every company has a range of probable fair values that's created by the uncertainty of key valuation drivers (like future revenue or earnings, for example). After all, if the future were known with certainty, we wouldn't see much volatility in the markets as stocks would trade precisely at their known fair values.

Shareholder Returns

BAUS Aerospace & DefenseUS Market
7D5.5%3.5%3.3%
1Y-41.6%-0.7%-20.4%

Return vs Industry: BA underperformed the US Aerospace & Defense industry which returned 1.2% over the past year.

Return vs Market: BA underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is BA's price volatile compared to industry and market?
BA volatility
BA Average Weekly Movement6.4%
Aerospace & Defense Industry Average Movement6.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.9%

Stable Share Price: BA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1916142,000Dave Calhounhttps://www.boeing.com

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.

Boeing Fundamentals Summary

How do Boeing's earnings and revenue compare to its market cap?
BA fundamental statistics
Market CapUS$78.50b
Earnings (TTM)-US$5.28b
Revenue (TTM)US$60.74b

1.3x

P/S Ratio

-14.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BA income statement (TTM)
RevenueUS$60.74b
Cost of RevenueUS$57.08b
Gross ProfitUS$3.64b
Other ExpensesUS$8.92b
Earnings-US$5.28b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 26, 2022

Earnings per share (EPS)-8.89
Gross Margin5.99%
Net Profit Margin-8.69%
Debt/Equity Ratio-385.4%

How did BA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BA?

Other financial metrics that can be useful for relative valuation.

BA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA1045x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BA's PS Ratio compare to its peers?

BA PS Ratio vs Peers
The above table shows the PS ratio for BA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1x
EMBR3 Embraer
0.5x12.1%R$9.4b
AIR Airbus
1.4x10.8%€73.3b
BBD.B Bombardier
0.3x5.9%CA$2.7b
LMT Lockheed Martin
1.7x3.2%US$106.0b
BA Boeing
1.3x12.9%US$78.5b

Price-To-Sales vs Peers: BA is expensive based on its Price-To-Sales Ratio (1.3x) compared to the peer average (1x).


Price to Earnings Ratio vs Industry

How does BA's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

Price-To-Sales vs Industry: BA is good value based on its Price-To-Sales Ratio (1.3x) compared to the US Aerospace & Defense industry average (2.1x)


Price to Sales Ratio vs Fair Ratio

What is BA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio1.9x

Price-To-Sales vs Fair Ratio: BA is good value based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).


Share Price vs Fair Value

What is the Fair Price of BA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BA ($132.2) is trading below our estimate of fair value ($279.34)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


47.4%

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 (1.9%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: BA's revenue (12.9% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: BA's revenue (12.9% 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 very high in 3 years time (1558.4%).


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Past Performance

How has Boeing performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-61.5%

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, and losses have increased over the past 5 years at a rate of 61.5% 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 (11.9%).


Return on Equity

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


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Financial Health

How is Boeing's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.

Debt Coverage: BA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if BA's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.49%

Forecast Dividend Yield

Dividend Yield vs Market

Boeing Dividend Yield vs Market
How does Boeing dividend yield compare to the market?
SegmentDividend Yield
Company (Boeing)0%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Aerospace & Defense)2.1%
Analyst forecast in 3 Years (Boeing)1.5%

Notable Dividend: Unable to evaluate BA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: BA is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BA has not reported any payouts.


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Management

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

2.8yrs

Average management tenure


CEO

Dave Calhoun (64 yo)

13.33yrs

Tenure

US$21,093,605

Compensation

Mr. David L. Calhoun, also known as Dave, serves as the Chief Executive Officer and President of Boeing Company since January 13, 2020. He served as a Senior Managing Director and Head of Private Equity Po...


CEO Compensation Analysis

Dave Calhoun's Compensation vs Boeing Earnings
How has Dave Calhoun's remuneration changed compared to Boeing's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$5b

Mar 31 2022n/an/a

-US$5b

Dec 31 2021US$21mUS$1m

-US$4b

Sep 30 2021n/an/a

-US$8b

Jun 30 2021n/an/a

-US$9b

Mar 31 2021n/an/a

-US$12b

Dec 31 2020US$21mUS$269k

-US$12b

Sep 30 2020n/an/a

-US$4b

Jun 30 2020n/an/a

-US$3b

Mar 31 2020n/an/a

-US$3b

Dec 31 2019US$422kn/a

-US$636m

Sep 30 2019n/an/a

US$4b

Jun 30 2019n/an/a

US$5b

Mar 31 2019n/an/a

US$10b

Dec 31 2018US$355kn/a

US$10b

Sep 30 2018n/an/a

US$10b

Jun 30 2018n/an/a

US$10b

Mar 31 2018n/an/a

US$9b

Dec 31 2017US$359kn/a

US$8b

Sep 30 2017n/an/a

US$7b

Jun 30 2017n/an/a

US$7b

Mar 31 2017n/an/a

US$5b

Dec 31 2016US$326kn/a

US$5b

Sep 30 2016n/an/a

US$4b

Jun 30 2016n/an/a

US$4b

Mar 31 2016n/an/a

US$5b

Dec 31 2015US$326kn/a

US$5b

Compensation vs Market: Dave's total compensation ($USD21.09M) is above average for companies of similar size in the US market ($USD13.03M).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BA's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: BA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

NYSE:BA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 Feb 22BuyUS$1,044,550Lawrence KellnerIndividual5,000US$208.91
01 Feb 22BuyUS$100,027Steven MollenkopfIndividual480US$208.39
05 Nov 21SellUS$219,651Edward DandridgeIndividual990US$221.87

Ownership Breakdown

What is the ownership structure of BA?
Owner TypeNumber of SharesOwnership Percentage
State or Government234,1580.04%
Individual Insiders419,5110.07%
Employee Share Scheme43,906,0407.4%
General Public254,472,71842.9%
Institutions294,778,74249.6%

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


Top Shareholders

Top 25 shareholders own 42.12% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.5%
The Vanguard Group, Inc.
44,529,543$5.9b2.71%0.13%
7.39%
The Boeing Company Employee Savings Plans Master Trust
43,906,040$5.8b0%no data
5.51%
BlackRock, Inc.
32,695,447$4.3b3.22%0.1%
4.42%
State Street Global Advisors, Inc.
26,255,730$3.5b-1.3%0.19%
2.67%
FMR LLC
15,830,705$2.1b17.22%0.19%
2.3%
Loomis Sayles & Company, L.P.
13,655,099$1.8b7.17%3.18%
1.93%
Capital Research and Management Company
11,489,682$1.5b156.88%0.1%
1.55%
Geode Capital Management, LLC
9,193,200$1.2b3.74%0.15%
0.93%
Morgan Stanley, Investment Banking and Brokerage Investments
5,503,625$727.6m-10.77%0.14%
0.86%
Northern Trust Global Investments
5,082,330$671.9m2.51%0.13%
0.76%
T. Rowe Price Group, Inc.
4,505,452$595.6m0.91%0.07%
0.66%
UBS Asset Management
3,936,979$520.5m1.63%0.1%
0.65%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
3,886,027$513.7m-1.18%0.17%
0.65%
BNY Mellon Asset Management
3,856,576$509.8m6.5%0.11%
0.6%
Managed Account Advisors LLC
3,536,302$467.5m13.65%0.13%
0.5%
Legal & General Investment Management Limited
2,992,486$395.6m6.81%0.11%
0.49%
Charles Schwab Investment Management, Inc.
2,909,391$384.6m3.26%0.1%
0.49%
BMO Asset Management Corp.
2,883,128$381.1m-41.8%0.22%
0.41%
Eaton Vance Management
2,443,965$323.1m-1.23%0.12%
0.4%
Swiss National Bank, Asset Management Arm
2,402,522$317.6m-0.65%0.2%
0.35%
Strategic Advisers LLC
2,070,798$273.8m28.19%0.22%
0.31%
Nikko Asset Management Co., Ltd.
1,855,301$245.3m3.66%0.11%
0.29%
Goldman Sachs Asset Management, L.P.
1,725,258$228.1m2.25%0.09%
0.25%
Bank of America Corporation, Asset Management Arm
1,492,706$197.3m-14.86%0.08%
0.25%
Wells Fargo & Company, Securities and Brokerage Investments
1,479,494$195.6m-8.75%0.08%

Company Information

The Boeing Company's 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
  • Implied Market Cap: US$78.502b
  • Shares outstanding: 593.81m
  • 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
BABVL (Bolsa de Valores de Lima)YesCommon SharesPEUSDJan 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
BCOBUL (Bulgaria Stock Exchange)YesCommon SharesBGEURJan 1968
BA_KZKAS (Kazakhstan Stock Exchange)YesCommon SharesKZUSDJan 1968
BACLSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPJan 1968
BABASE (Buenos Aires Stock Exchange)CEDEAR EACH 6 REP 1ARARSMar 2000
BADBASE (Buenos Aires Stock Exchange)CEDEAR EACH 6 REP 1ARUSDMar 2000
BOEI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM SHSBRBRLAug 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.