Boeing Stock Analysis – A Brief Overview

Boeing logged a 0.1% change during today's afternoon session, and is now trading at a price of $204.68 per share.

Boeing returned gains of 43.0% last year, with its stock price reaching a high of $243.1 and a low of $120.99. Over the same period, the stock outperformed the S&P 500 index by 24.0%. More recently, the company's 50-day average price was $222.99. 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 Has a Negative Equity Levels:

2018-02-12 2019-02-08 2020-01-31 2021-02-01 2022-01-31 2023-01-27
Revenue (MM) $94,005 $101,127 $76,559 $58,158 $62,286 $66,608
Gross Margins 19.0% 19.0% 6.0% -10.0% 5.0% 5.0%
Operating Margins 11% 12% -3% -22% -5% -5%
Net Margins 9.0% 10.0% -1.0% -20.0% -7.0% -7.0%
Net Income (MM) $8,458 $10,460 -$636 -$11,873 -$4,202 -$4,935
Net Interest Expense (MM) -$360 -$475 -$722 -$2,156 -$2,682 -$2,533
Depreciation & Amort. (MM) -$2,047 -$2,114 -$2,271 -$2,246 -$2,144 -$1,979
Earnings Per Share $13.87 $18.04 -$1.12 -$20.87 -$7.14 -$8.28
EPS Growth n/a 30.06% -106.21% -1763.39% 65.79% -15.97%
Diluted Shares (MM) 610 580 566 569 589 596
Free Cash Flow (MM) $15,124 $16,924 -$1,283 -$17,403 -$2,965 $4,699
Capital Expenditures (MM) -$1,778 -$1,602 -$1,163 -$1,007 -$451 -$1,187
Net Current Assets (MM) -$25,455 -$29,119 -$39,696 -$48,569 -$44,732 -$43,425
Long Term Debt (MM) $9,782 $10,657 $19,962 $61,890 $56,806 $51,811

Boeing has slimmer gross margins than its peers, consistently negative margins with a negative growth trend, and declining EPS growth. Boeing has weak revenue growth and a flat capital expenditure trend, irregular cash flows, and 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 $4.52, the company has a forward P/E ratio of 49.3. In comparison, the average P/E ratio for the Industrials sector is 20.49.

Boeing Has an Average Rating of Buy:

The 25 analysts following Boeing have set target prices ranging from $180.0 to $310.0 per share, for an average of $251.78 with a buy rating. As of April 2023, the company is trading -11.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.

Boeing has a very low short interest because 1.2% of the company's shares are sold short. Institutions own 61.1% 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 $9,671,746,150.

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.