Financials Boeing London S.E.

Equities

BOE

US0970231058

Aerospace & Defense

Market Closed - London S.E. 14:36:20 02/05/2024 BST After market 18:15:28
172.5 USD +2.33% Intraday chart for Boeing 177.3 +2.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 183,335 120,843 118,316 113,529 157,693 105,257 - -
Enterprise Value (EV) 1 201,152 158,836 160,174 153,310 194,035 140,802 133,046 125,701
P/E ratio -291 x -10.3 x -28.2 x -23 x -71 x 141 x 21.7 x 15.4 x
Yield 2.52% - - - - - 0.1% 0.74%
Capitalization / Revenue 2.39 x 2.08 x 1.9 x 1.7 x 2.03 x 1.3 x 1.09 x 0.98 x
EV / Revenue 2.63 x 2.73 x 2.57 x 2.3 x 2.49 x 1.74 x 1.38 x 1.17 x
EV / EBITDA 680 x -15.1 x -211 x -97.8 x 178 x 33.5 x 14.3 x 10.6 x
EV / FCF -51 x -8.06 x -36.4 x 66.9 x 43.8 x 101 x 19.6 x 13.7 x
FCF Yield -1.96% -12.4% -2.74% 1.49% 2.28% 0.99% 5.09% 7.31%
Price to Book -21.3 x -6.81 x -7.9 x -7.06 x - -6.97 x -10.2 x -22.1 x
Nbr of stocks (in thousands) 562,791 564,530 587,699 595,983 604,977 613,884 - -
Reference price 2 325.8 214.1 201.3 190.5 260.7 171.5 171.5 171.5
Announcement Date 29/01/20 27/01/21 26/01/22 25/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 76,559 58,158 62,286 66,608 77,794 81,090 96,299 107,193
EBITDA 1 296 -10,521 -758 -1,568 1,088 4,208 9,307 11,805
EBIT 1 -1,975 -12,767 -2,902 -3,547 -773 2,419 7,326 9,527
Operating Margin -2.58% -21.95% -4.66% -5.33% -0.99% 2.98% 7.61% 8.89%
Earnings before Tax (EBT) 1 -2,259 -14,476 -5,033 -5,022 -2,005 1,019 6,029 8,396
Net income 1 -636 -11,873 -4,202 -4,935 -2,222 844.5 4,974 7,036
Net margin -0.83% -20.42% -6.75% -7.41% -2.86% 1.04% 5.17% 6.56%
EPS 2 -1.120 -20.88 -7.150 -8.300 -3.670 1.217 7.900 11.17
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 1,389 6,778 9,192
FCF margin -5.15% -33.9% -7.06% 3.44% 5.7% 1.71% 7.04% 8.57%
FCF Conversion (EBITDA) - - - - 407.44% 33% 72.82% 77.86%
FCF Conversion (Net income) - - - - - 164.42% 136.26% 130.63%
Dividend per Share 2 8.220 - - - - - 0.1733 1.271
Announcement Date 29/01/20 27/01/21 26/01/22 25/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 14,793 13,991 16,681 15,956 19,980 17,921 19,751 18,104 22,018 16,569 19,050 21,460 23,912 22,157 23,167
EBITDA 1 -3,637 -683 1,272 -2,306 149 308 357 -341 764 356 815.3 1,432 1,788 2,295 2,430
EBIT 1 -4,171 -1,169 774 -2,799 -353 -149 -99 -808 283 -86 323.9 989 1,404 1,885 2,044
Operating Margin -28.2% -8.36% 4.64% -17.54% -1.77% -0.83% -0.5% -4.46% 1.29% -0.52% 1.7% 4.61% 5.87% 8.51% 8.82%
Earnings before Tax (EBT) 1 -4,700 -1,618 377 -3,132 -649 -496 -400 -1,100 -9 -378 -123 725.9 861.9 1,396 1,598
Net income 1 -4,143 -1,219 193 -3,275 -634 -414 -149 -1,636 -23 -343 -7.517 479.1 703 1,049 1,211
Net margin -28.01% -8.71% 1.16% -20.53% -3.17% -2.31% -0.75% -9.04% -0.1% -2.07% -0.04% 2.23% 2.94% 4.73% 5.23%
EPS 2 -7.020 -2.060 0.3200 -5.490 -1.060 -0.6900 -0.2500 -2.700 -0.0400 -0.5600 -0.1895 0.8096 1.281 1.376 1.695
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 26/01/22 27/04/22 27/07/22 26/10/22 25/01/23 26/04/23 26/07/23 25/10/23 31/01/24 24/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 17,817 37,993 41,858 39,781 36,342 35,545 27,789 20,444
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 60.19 x -3.611 x -55.22 x -25.37 x 33.4 x 8.448 x 2.986 x 1.732 x
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 1,389 6,778 9,192
ROE (net income / shareholders' equity) 47.5% - - - - 5.65% - -
ROA (Net income/ Total Assets) -1.57% -8.31% -2.89% -3.58% -1.62% 0.03% 4.24% 6.42%
Assets 1 40,636 142,881 145,343 137,811 137,059 3,256,895 117,294 109,545
Book Value Per Share 2 -15.30 -31.50 -25.50 -27.00 - -24.60 -16.90 -7.750
Cash Flow per Share 2 -4.320 -32.40 -5.810 5.860 9.830 4.750 11.90 18.00
Capex 1 1,500 1,303 980 1,222 1,527 1,708 1,868 2,050
Capex / Sales 1.96% 2.24% 1.57% 1.83% 1.96% 2.11% 1.94% 1.91%
Announcement Date 29/01/20 27/01/21 26/01/22 25/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
171.5 USD
Average target price
226.2 USD
Spread / Average Target
+31.92%
Consensus