Boeing logged a 8.7% change during today's evening session, and is now trading at a price of $232.8 per share.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. Based in Arlington, VA, the large-cap Industrials company has 156,000 full time employees. Boeing has not offered a dividend during the last year.
The Company's Revenues Are Declining:
| 2020-01-31 | 2021-02-01 | 2022-01-31 | 2023-01-27 | |
|---|---|---|---|---|
| Revenue (MM) | $76,559 | $58,158 | $62,286 | $66,608 |
| Gross Margins | 5.8% | -9.8% | 4.8% | 5.3% |
| Operating Margins | -3.5% | -22.3% | -5.4% | -5.3% |
| Net Margins | -0.83% | -20.42% | -6.75% | -7.41% |
| Net Income (MM) | -$636 | -$11,873 | -$4,202 | -$4,935 |
| Net Interest Expense (MM) | -$722 | -$2,156 | -$2,682 | -$2,533 |
| Depreciation & Amort. (MM) | -$2,271 | -$2,246 | -$2,144 | -$1,979 |
| Earnings Per Share | -$1.12 | -$20.87 | -$7.14 | -$7.09 |
| EPS Growth | n/a | -1763.39% | 65.79% | 0.7% |
| Diluted Shares (MM) | 566 | 569 | 589 | 602 |
| Free Cash Flow (MM) | -$1,283 | -$17,403 | -$2,965 | $4,699 |
| Capital Expenditures (MM) | -$1,163 | -$1,007 | -$451 | -$1,187 |
| Net Current Assets (MM) | -$39,696 | -$48,569 | -$44,732 | -$43,425 |
| Current Ratio | 1.05 | 1.39 | 1.33 | 1.22 |
| Long Term Debt (MM) | $19,962 | $61,890 | $56,806 | $51,811 |
| LT Debt to Equity | -2.41 | -3.42 | -3.83 | -3.27 |
Boeing suffers from declining revenues and a flat capital expenditure trend, slimmer gross margins than its peers, and consistently negative margins with a negative growth trend. The firm's financial statements also exhibit declining EPS growth and an unconvincing cash flow history. Boeing has just enough current assets to cover current liabilities.
Boeing does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $4.66, the company has a forward P/E ratio of 45.2. In comparison, the average P/E ratio for the Industrials sector is 20.49.
Analysts Give Boeing an Average Rating of Buy:
The 24 analysts following Boeing have set target prices ranging from $162.7 to $271.17 per share, for an average of $213.34 with a buy rating. As of April 2023, the company is trading -1.3% away from its average target price, indicating that there is an analyst consensus of little upside potential.
Boeing has a very low short interest because 1.3% of the company's shares are sold short. Institutions own 59.4% of the company's shares, and the insider ownership rate stands at 0.09%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 8% stake in the company is worth $10,897,225,203.
