Intrinsic value of Boeing - BA

Previous Close

$323.22

  Intrinsic Value

$138.04

stock screener

  Rating & Target

str. sell

-57%

Previous close

$323.22

 
Intrinsic value

$138.04

 
Up/down potential

-57%

 
Rating

str. sell

We calculate the intrinsic value of BA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 185.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.20
  5.18
  5.16
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.06
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
  5.03
  5.03
  5.02
  5.02
  5.02
  5.02
  5.02
  5.01
  5.01
  5.01
  5.01
  5.01
Revenue, $m
  98,248
  103,338
  108,672
  114,264
  120,127
  126,275
  132,723
  139,486
  146,581
  154,023
  161,832
  170,025
  178,623
  187,644
  197,113
  207,049
  217,479
  228,425
  239,915
  251,975
  264,635
  277,925
  291,876
  306,522
  321,897
  338,038
  354,983
  372,774
  391,451
  411,061
Variable operating expenses, $m
  92,115
  96,844
  101,801
  106,998
  112,446
  118,160
  124,152
  130,437
  137,030
  143,946
  150,389
  158,003
  165,993
  174,377
  183,175
  192,409
  202,101
  212,274
  222,951
  234,159
  245,924
  258,274
  271,238
  284,848
  299,136
  314,136
  329,883
  346,416
  363,773
  381,996
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  92,115
  96,844
  101,801
  106,998
  112,446
  118,160
  124,152
  130,437
  137,030
  143,946
  150,389
  158,003
  165,993
  174,377
  183,175
  192,409
  202,101
  212,274
  222,951
  234,159
  245,924
  258,274
  271,238
  284,848
  299,136
  314,136
  329,883
  346,416
  363,773
  381,996
Operating income, $m
  6,134
  6,494
  6,871
  7,266
  7,681
  8,115
  8,571
  9,050
  9,551
  10,077
  11,443
  12,022
  12,630
  13,268
  13,937
  14,640
  15,377
  16,151
  16,964
  17,817
  18,712
  19,651
  20,638
  21,673
  22,760
  23,902
  25,100
  26,358
  27,679
  29,065
EBITDA, $m
  8,706
  9,156
  9,629
  10,125
  10,644
  11,189
  11,760
  12,360
  12,988
  13,648
  14,340
  15,065
  15,827
  16,627
  17,466
  18,346
  19,270
  20,240
  21,258
  22,327
  23,449
  24,626
  25,862
  27,160
  28,522
  29,953
  31,454
  33,031
  34,685
  36,423
Interest expense (income), $m
  523
  600
  368
  666
  978
  1,305
  1,648
  2,007
  2,384
  2,780
  3,195
  3,630
  4,087
  4,566
  5,069
  5,596
  6,150
  6,731
  7,341
  7,981
  8,653
  9,359
  10,099
  10,876
  11,692
  12,549
  13,448
  14,392
  15,383
  16,423
  17,516
Earnings before tax, $m
  5,533
  6,125
  6,205
  6,288
  6,376
  6,468
  6,564
  6,665
  6,771
  6,883
  7,813
  7,935
  8,064
  8,199
  8,341
  8,490
  8,646
  8,810
  8,982
  9,163
  9,353
  9,552
  9,761
  9,981
  10,212
  10,454
  10,708
  10,975
  11,255
  11,549
Tax expense, $m
  1,494
  1,654
  1,675
  1,698
  1,721
  1,746
  1,772
  1,800
  1,828
  1,858
  2,109
  2,143
  2,177
  2,214
  2,252
  2,292
  2,334
  2,379
  2,425
  2,474
  2,525
  2,579
  2,636
  2,695
  2,757
  2,823
  2,891
  2,963
  3,039
  3,118
Net income, $m
  4,039
  4,472
  4,530
  4,591
  4,654
  4,721
  4,792
  4,866
  4,943
  5,024
  5,703
  5,793
  5,887
  5,985
  6,089
  6,198
  6,312
  6,431
  6,557
  6,689
  6,828
  6,973
  7,126
  7,286
  7,455
  7,631
  7,817
  8,012
  8,216
  8,431

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  118,229
  124,353
  130,772
  137,502
  144,557
  151,956
  159,715
  167,854
  176,391
  185,347
  194,744
  204,603
  214,949
  225,806
  237,199
  249,157
  261,707
  274,880
  288,706
  303,219
  318,454
  334,447
  351,235
  368,859
  387,361
  406,784
  427,176
  448,584
  471,061
  494,658
Adjusted assets (=assets-cash), $m
  118,229
  124,353
  130,772
  137,502
  144,557
  151,956
  159,715
  167,854
  176,391
  185,347
  194,744
  204,603
  214,949
  225,806
  237,199
  249,157
  261,707
  274,880
  288,706
  303,219
  318,454
  334,447
  351,235
  368,859
  387,361
  406,784
  427,176
  448,584
  471,061
  494,658
Revenue / Adjusted assets
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
  0.831
Average production assets, $m
  17,586
  18,497
  19,452
  20,453
  21,503
  22,603
  23,757
  24,968
  26,238
  27,570
  28,968
  30,435
  31,973
  33,588
  35,283
  37,062
  38,929
  40,888
  42,945
  45,104
  47,370
  49,749
  52,246
  54,867
  57,619
  60,509
  63,542
  66,726
  70,070
  73,580
Working capital, $m
  1,965
  2,067
  2,173
  2,285
  2,403
  2,526
  2,654
  2,790
  2,932
  3,080
  3,237
  3,401
  3,572
  3,753
  3,942
  4,141
  4,350
  4,569
  4,798
  5,040
  5,293
  5,559
  5,838
  6,130
  6,438
  6,761
  7,100
  7,455
  7,829
  8,221
Total debt, $m
  6,817
  12,329
  18,106
  24,163
  30,513
  37,171
  44,155
  51,479
  59,163
  67,223
  75,680
  84,554
  93,865
  103,636
  113,890
  124,652
  135,947
  147,803
  160,247
  173,309
  187,020
  201,413
  216,522
  232,384
  249,036
  266,517
  284,869
  304,137
  324,366
  345,603
Total liabilities, $m
  106,406
  111,918
  117,695
  123,752
  130,102
  136,760
  143,744
  151,068
  158,752
  166,812
  175,269
  184,143
  193,454
  203,225
  213,479
  224,241
  235,536
  247,392
  259,836
  272,898
  286,609
  301,002
  316,111
  331,973
  348,625
  366,106
  384,458
  403,726
  423,955
  445,192
Total equity, $m
  11,823
  12,435
  13,077
  13,750
  14,456
  15,196
  15,972
  16,785
  17,639
  18,535
  19,474
  20,460
  21,495
  22,581
  23,720
  24,916
  26,171
  27,488
  28,871
  30,322
  31,845
  33,445
  35,123
  36,886
  38,736
  40,678
  42,718
  44,858
  47,106
  49,466
Total liabilities and equity, $m
  118,229
  124,353
  130,772
  137,502
  144,558
  151,956
  159,716
  167,853
  176,391
  185,347
  194,743
  204,603
  214,949
  225,806
  237,199
  249,157
  261,707
  274,880
  288,707
  303,220
  318,454
  334,447
  351,234
  368,859
  387,361
  406,784
  427,176
  448,584
  471,061
  494,658
Debt-to-equity ratio
  0.580
  0.990
  1.380
  1.760
  2.110
  2.450
  2.760
  3.070
  3.350
  3.630
  3.890
  4.130
  4.370
  4.590
  4.800
  5.000
  5.190
  5.380
  5.550
  5.720
  5.870
  6.020
  6.160
  6.300
  6.430
  6.550
  6.670
  6.780
  6.890
  6.990
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  4,039
  4,472
  4,530
  4,591
  4,654
  4,721
  4,792
  4,866
  4,943
  5,024
  5,703
  5,793
  5,887
  5,985
  6,089
  6,198
  6,312
  6,431
  6,557
  6,689
  6,828
  6,973
  7,126
  7,286
  7,455
  7,631
  7,817
  8,012
  8,216
  8,431
Depreciation, amort., depletion, $m
  2,572
  2,663
  2,758
  2,859
  2,963
  3,074
  3,189
  3,310
  3,437
  3,570
  2,897
  3,043
  3,197
  3,359
  3,528
  3,706
  3,893
  4,089
  4,294
  4,510
  4,737
  4,975
  5,225
  5,487
  5,762
  6,051
  6,354
  6,673
  7,007
  7,358
Funds from operations, $m
  6,611
  7,134
  7,288
  7,449
  7,618
  7,795
  7,981
  8,176
  8,380
  8,595
  8,600
  8,836
  9,084
  9,344
  9,617
  9,904
  10,205
  10,520
  10,852
  11,200
  11,565
  11,948
  12,350
  12,773
  13,217
  13,682
  14,171
  14,684
  15,223
  15,789
Change in working capital, $m
  97
  102
  107
  112
  117
  123
  129
  135
  142
  149
  156
  164
  172
  180
  189
  199
  209
  219
  230
  241
  253
  266
  279
  293
  307
  323
  339
  356
  374
  392
Cash from operations, $m
  6,514
  7,033
  7,181
  7,337
  7,501
  7,672
  7,852
  8,040
  8,238
  8,446
  8,444
  8,672
  8,912
  9,164
  9,428
  9,705
  9,996
  10,301
  10,622
  10,958
  11,311
  11,682
  12,071
  12,480
  12,909
  13,359
  13,832
  14,329
  14,850
  15,397
Maintenance CAPEX, $m
  -1,674
  -1,759
  -1,850
  -1,945
  -2,045
  -2,150
  -2,260
  -2,376
  -2,497
  -2,624
  -2,757
  -2,897
  -3,043
  -3,197
  -3,359
  -3,528
  -3,706
  -3,893
  -4,089
  -4,294
  -4,510
  -4,737
  -4,975
  -5,225
  -5,487
  -5,762
  -6,051
  -6,354
  -6,673
  -7,007
New CAPEX, $m
  -848
  -911
  -955
  -1,001
  -1,050
  -1,101
  -1,154
  -1,211
  -1,270
  -1,332
  -1,398
  -1,467
  -1,539
  -1,615
  -1,695
  -1,779
  -1,867
  -1,959
  -2,057
  -2,159
  -2,266
  -2,379
  -2,497
  -2,622
  -2,752
  -2,889
  -3,033
  -3,184
  -3,343
  -3,510
Cash from investing activities, $m
  -2,522
  -2,670
  -2,805
  -2,946
  -3,095
  -3,251
  -3,414
  -3,587
  -3,767
  -3,956
  -4,155
  -4,364
  -4,582
  -4,812
  -5,054
  -5,307
  -5,573
  -5,852
  -6,146
  -6,453
  -6,776
  -7,116
  -7,472
  -7,847
  -8,239
  -8,651
  -9,084
  -9,538
  -10,016
  -10,517
Free cash flow, $m
  3,992
  4,363
  4,377
  4,391
  4,406
  4,421
  4,437
  4,454
  4,471
  4,490
  4,289
  4,309
  4,330
  4,351
  4,374
  4,398
  4,423
  4,449
  4,476
  4,505
  4,535
  4,566
  4,599
  4,634
  4,670
  4,708
  4,748
  4,790
  4,834
  4,880
Issuance/(repayment) of debt, $m
  -4,300
  5,512
  5,777
  6,056
  6,350
  6,659
  6,983
  7,325
  7,683
  8,061
  8,457
  8,873
  9,311
  9,771
  10,254
  10,762
  11,295
  11,855
  12,444
  13,062
  13,711
  14,393
  15,109
  15,862
  16,652
  17,481
  18,353
  19,268
  20,229
  21,238
Issuance/(repurchase) of shares, $m
  6,128
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,828
  5,512
  5,777
  6,056
  6,350
  6,659
  6,983
  7,325
  7,683
  8,061
  8,457
  8,873
  9,311
  9,771
  10,254
  10,762
  11,295
  11,855
  12,444
  13,062
  13,711
  14,393
  15,109
  15,862
  16,652
  17,481
  18,353
  19,268
  20,229
  21,238
Total cash flow (excl. dividends), $m
  5,820
  9,875
  10,154
  10,447
  10,756
  11,080
  11,421
  11,779
  12,155
  12,550
  12,746
  13,182
  13,641
  14,123
  14,628
  15,160
  15,718
  16,304
  16,920
  17,567
  18,246
  18,960
  19,709
  20,496
  21,322
  22,189
  23,101
  24,057
  25,062
  26,117
Retained Cash Flow (-), $m
  -10,167
  -612
  -642
  -673
  -706
  -740
  -776
  -814
  -854
  -896
  -940
  -986
  -1,035
  -1,086
  -1,139
  -1,196
  -1,255
  -1,317
  -1,383
  -1,451
  -1,523
  -1,599
  -1,679
  -1,762
  -1,850
  -1,942
  -2,039
  -2,141
  -2,248
  -2,360
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -4,347
  9,262
  9,512
  9,774
  10,050
  10,340
  10,645
  10,965
  11,301
  11,655
  11,806
  12,197
  12,606
  13,037
  13,489
  13,964
  14,463
  14,987
  15,538
  16,116
  16,723
  17,360
  18,030
  18,733
  19,472
  20,247
  21,061
  21,917
  22,815
  23,758
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -4,168
  8,480
  8,278
  8,048
  7,790
  7,504
  7,191
  6,853
  6,492
  6,110
  5,607
  5,205
  4,793
  4,377
  3,960
  3,549
  3,147
  2,760
  2,392
  2,048
  1,730
  1,440
  1,182
  954
  757
  591
  452
  339
  249
  179
Current shareholders' claim on cash, %
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0
  73.0

The Boeing Company is an aerospace company. The Company's segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry. The Commercial Airplanes segment also produces commercial aircraft and offers a family of commercial jetliners. The BDS segment's operations involve research, development, production, modification and support of the products and related systems. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems. The BCC segment's portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.

FINANCIAL RATIOS  of  Boeing (BA)

Valuation Ratios
P/E Ratio 40.8
Price to Sales 2.1
Price to Book 244.2
Price to Tangible Book
Price to Cash Flow 19
Price to Free Cash Flow 25.3
Growth Rates
Sales Growth Rate -1.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 6.7%
Cap. Spend. - 3 Yr. Gr. Rate 4.5%
Financial Strength
Quick Ratio 26
Current Ratio 0
LT Debt to Equity 1171.1%
Total Debt to Equity 1218.1%
Interest Coverage 12
Management Effectiveness
Return On Assets 5.8%
Ret/ On Assets - 3 Yr. Avg. 6%
Return On Total Capital 36.2%
Ret/ On T. Cap. - 3 Yr. Avg. 30.8%
Return On Equity 136.9%
Return On Equity - 3 Yr. Avg. 84.1%
Asset Turnover 1
Profitability Ratios
Gross Margin 14.6%
Gross Margin - 3 Yr. Avg. 14.9%
EBITDA Margin 8.5%
EBITDA Margin - 3 Yr. Avg. 9.6%
Operating Margin 6.2%
Oper. Margin - 3 Yr. Avg. 7.4%
Pre-Tax Margin 5.9%
Pre-Tax Margin - 3 Yr. Avg. 7.1%
Net Profit Margin 5.2%
Net Profit Margin - 3 Yr. Avg. 5.5%
Effective Tax Rate 12.1%
Eff/ Tax Rate - 3 Yr. Avg. 21.1%
Payout Ratio 56.3%

BA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BA stock intrinsic value calculation we used $93392 million for the last fiscal year's total revenue generated by Boeing. The default revenue input number comes from 0001 income statement of Boeing. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BA stock valuation model: a) initial revenue growth rate of 5.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for BA is calculated based on our internal credit rating of Boeing, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Boeing.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BA stock the variable cost ratio is equal to 93.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Boeing.

Corporate tax rate of 27% is the nominal tax rate for Boeing. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BA are equal to 17.9%.

Life of production assets of 10 years is the average useful life of capital assets used in Boeing operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BA is equal to 2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1656 million for Boeing - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 574.508 million for Boeing is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Boeing at the current share price and the inputted number of shares is $185.7 billion.

RELATED COMPANIES Price Int.Val. Rating
LMT Lockheed Marti 285.40 112.63  str.sell
ERJ Embraer ADR 21.06 46.85  str.buy
SPR Spirit AeroSys 75.42 65.54  sell

COMPANY NEWS

▶ [$$] Embraer/Boeing: grounded   [07:15AM  Financial Times]
▶ Stocks - Dow Erases Gains for Year on Tech, Trade Turmoil   [Dec-07-18 06:51PM  Investing.com]
▶ Boeing Falls 3%   [05:04PM  Investing.com]
▶ Airbus boosts deliveries with 89-jet November   [02:12PM  American City Business Journals]
▶ Former Wichita work helping boost Boeing in San Antonio   [12:38PM  American City Business Journals]
▶ Stocks Rise As Jobs Data, Oil Prices Boost Early Trade   [09:37AM  Investor's Business Daily]
▶ [$$] FirstFT: Todays top stories   [07:55AM  Financial Times]
▶ Top books of 2018 for aerospace and aviation enthusiasts   [05:00AM  American City Business Journals]
▶ [$$] Boeing Backs Out of Global IP Satellite Order Financed by China   [Dec-06-18 10:42PM  The Wall Street Journal]
▶ Brazilian court blocks Boeings deal with Embraer   [04:41PM  American City Business Journals]
▶ Nasdaq Rallies To A Gain After A Wild Ride In The Stock Market   [04:27PM  Investor's Business Daily]
▶ On board the longest flight ever taken from Chicago   [03:13PM  American City Business Journals]
▶ Most Interesting New ETFs   [01:09PM  Zacks]
▶ Boeing Falls 3%   [11:32AM  Investing.com]
▶ Hayward startup in expansion mode as it develops autonomous helicopters   [10:16AM  American City Business Journals]
▶ [$$] Lockheed-Airbus Challenge Boeings Grip on Pentagon Tanker Fleet   [Dec-04-18 07:53PM  The Wall Street Journal]
▶ Former Anchorage airport manager named new boss of Boeing Field   [06:01PM  American City Business Journals]
▶ Lockheed and Airbus join forces for flying gas stations   [02:35PM  American City Business Journals]
▶ Boeing Falls 3%   [02:16PM  Investing.com]
▶ 3 Best ETFs to Play Political Gridlock   [12:10PM  InvestorPlace]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.