Financials Boeing Deutsche Boerse AG

Equities

BCO

US0970231058

Aerospace & Defense

Market Closed - Deutsche Boerse AG 20:39:24 03/07/2024 BST 5-day change 1st Jan Change
171.5 EUR -1.90% Intraday chart for Boeing +4.33% -26.56%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 183,335 120,843 118,316 113,529 157,693 113,438 - -
Enterprise Value (EV) 1 201,152 158,836 160,174 153,310 194,035 151,216 145,003 136,971
P/E ratio -291 x -10.3 x -28.2 x -23 x -71 x 418 x 27.4 x 18.1 x
Yield 2.52% - - - - - 0.05% 0.76%
Capitalization / Revenue 2.39 x 2.08 x 1.9 x 1.7 x 2.03 x 1.44 x 1.2 x 1.07 x
EV / Revenue 2.63 x 2.73 x 2.57 x 2.3 x 2.49 x 1.92 x 1.53 x 1.29 x
EV / EBITDA 680 x -15.1 x -211 x -97.8 x 178 x 37.8 x 17 x 12.4 x
EV / FCF -51 x -8.06 x -36.4 x 66.9 x 43.8 x -175 x 27.3 x 16.9 x
FCF Yield -1.96% -12.4% -2.74% 1.49% 2.28% -0.57% 3.67% 5.93%
Price to Book -21.3 x -6.81 x -7.9 x -7.06 x - -7.62 x -10.3 x -19 x
Nbr of stocks (in thousands) 562,791 564,530 587,699 595,983 604,977 615,473 - -
Reference price 2 325.8 214.1 201.3 190.5 260.7 184.3 184.3 184.3
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 78,718 94,676 106,239
EBITDA 1 296 -10,521 -758 -1,568 1,088 4,003 8,511 11,090
EBIT 1 -1,975 -12,767 -2,902 -3,547 -773 2,037 6,876 8,892
Operating Margin -2.58% -21.95% -4.66% -5.33% -0.99% 2.59% 7.26% 8.37%
Earnings before Tax (EBT) 1 -2,259 -14,476 -5,033 -5,022 -2,005 585.9 5,427 7,731
Net income 1 -636 -11,873 -4,202 -4,935 -2,222 365.1 4,316 6,389
Net margin -0.83% -20.42% -6.75% -7.41% -2.86% 0.46% 4.56% 6.01%
EPS 2 -1.120 -20.88 -7.150 -8.300 -3.670 0.4412 6.731 10.16
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 -864.4 5,315 8,120
FCF margin -5.15% -33.9% -7.06% 3.44% 5.7% -1.1% 5.61% 7.64%
FCF Conversion (EBITDA) - - - - 407.44% - 62.44% 73.22%
FCF Conversion (Net income) - - - - - - 123.14% 127.1%
Dividend per Share 2 8.220 - - - - - 0.1000 1.401
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 17,707 20,735 23,503 21,929 22,853
EBITDA 1 -3,637 -683 1,272 -2,306 149 308 357 -341 764 356 626 1,457 1,723 2,308 2,443
EBIT 1 -4,171 -1,169 774 -2,799 -353 -149 -99 -808 283 -86 -82.4 904.2 1,266 1,546 1,717
Operating Margin -28.2% -8.36% 4.64% -17.54% -1.77% -0.83% -0.5% -4.46% 1.29% -0.52% -0.47% 4.36% 5.39% 7.05% 7.51%
Earnings before Tax (EBT) 1 -4,700 -1,618 377 -3,132 -649 -496 -400 -1,100 -9 -378 -469.4 606.5 679.5 1,345 1,537
Net income 1 -4,143 -1,219 193 -3,275 -634 -414 -149 -1,636 -23 -343 -468.6 437 587.3 1,023 1,159
Net margin -28.01% -8.71% 1.16% -20.53% -3.17% -2.31% -0.75% -9.04% -0.1% -2.07% -2.65% 2.11% 2.5% 4.67% 5.07%
EPS 2 -7.020 -2.060 0.3200 -5.490 -1.060 -0.6900 -0.2500 -2.700 -0.0400 -0.5600 -0.7465 0.6058 1.083 1.199 1.487
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 37,778 31,565 23,533
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 60.19 x -3.611 x -55.22 x -25.37 x 33.4 x 9.439 x 3.709 x 2.122 x
Free Cash Flow 1 -3,946 -19,713 -4,396 2,290 4,433 -864 5,315 8,120
ROE (net income / shareholders' equity) 47.5% - - - - -0.4% - -
ROA (Net income/ Total Assets) -1.57% -8.31% -2.89% -3.58% -1.62% 0.03% 3.38% 6.42%
Assets 1 40,636 142,881 145,343 137,811 137,059 1,407,983 127,636 99,468
Book Value Per Share 2 -15.30 -31.50 -25.50 -27.00 - -24.20 -17.90 -9.700
Cash Flow per Share 2 -4.320 -32.40 -5.810 5.860 9.830 1.390 11.70 18.00
Capex 1 1,500 1,303 980 1,222 1,527 1,776 1,955 2,122
Capex / Sales 1.96% 2.24% 1.57% 1.83% 1.96% 2.26% 2.07% 2%
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
28
Last Close Price
184.3 USD
Average target price
218.1 USD
Spread / Average Target
+18.32%
Consensus