Boeing (BA) – Key Facts and Figures

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.