Loading...

We've got a brand new version of Simply Wall St! Try it out

Boeing

DB:BCO
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BCO
DB
$211B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
BCO Share Price and Events
7 Day Returns
-1.5%
DB:BCO
0.8%
Europe Aerospace & Defense
2.8%
DE Market
1 Year Returns
9.7%
DB:BCO
11.7%
Europe Aerospace & Defense
3%
DE Market
BCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boeing (BCO) -1.5% -1.9% 3.9% 9.7% 176% 246.6%
Europe Aerospace & Defense 0.8% -3.8% 0.9% 11.7% 67.1% 114.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • BCO underperformed the Aerospace & Defense industry which returned 11.7% over the past year.
  • BCO outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
BCO
Industry
5yr Volatility vs Market

BCO Value

 Is Boeing undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Boeing to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Boeing.

DB:BCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 21%) (9.64%))
0.953
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.953 * 5.96%)
5.91%

Discounted Cash Flow Calculation for DB:BCO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Boeing is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:BCO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.91%)
2020 18,136.08 Analyst x13 17,124.50
2021 17,742.70 Analyst x10 15,818.61
2022 18,234.71 Analyst x7 15,350.48
2023 19,016.60 Analyst x5 15,115.77
2024 19,257.92 Est @ 1.27% 14,453.76
2025 19,442.15 Est @ 0.96% 13,778.13
2026 19,585.65 Est @ 0.74% 13,105.64
2027 19,700.24 Est @ 0.59% 12,447.04
2028 19,794.39 Est @ 0.48% 11,808.95
2029 19,874.15 Est @ 0.4% 11,195.20
Present value of next 10 years cash flows $140,198.00
DB:BCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $19,874.15 × (1 + 0.23%) ÷ (5.91% – 0.23%)
$350,741.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $350,741.60 ÷ (1 + 5.91%)10
$197,574.40
DB:BCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $140,198.00 + $197,574.40
$337,772.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $337,772.40 / 562.71
$600.26
DB:BCO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BCO represents 0.89419x of NYSE:BA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89419x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 600.26 x 0.89419
€536.75
Value per share (EUR) From above. €536.75
Current discount Discount to share price of €335.25
= -1 x (€335.25 - €536.75) / €536.75
37.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Boeing is available for.
Intrinsic value
38%
Share price is €335.25 vs Future cash flow value of €536.75
Current Discount Checks
For Boeing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Boeing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Boeing's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Boeing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boeing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $8.76
NYSE:BA Share Price ** NYSE (2019-10-11) in USD $374.92
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.4x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Boeing.

DB:BCO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BA Share Price ÷ EPS (both in USD)

= 374.92 ÷ 8.76

42.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boeing is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • Boeing is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Boeing's expected growth come at a high price?
Raw Data
DB:BCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
35.3%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.59x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:BCO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.78x ÷ 35.3%

1.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boeing is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Boeing's assets?
Raw Data
DB:BCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $-9.46
NYSE:BA Share Price * NYSE (2019-10-11) in USD $374.92
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.96x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:BCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BA Share Price ÷ Book Value per Share (both in USD)

= 374.92 ÷ -9.46

-39.64x

* Primary Listing of Boeing.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boeing has negative assets, we can't compare the value of its assets to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Boeing's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Boeing has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BCO Future Performance

 How is Boeing expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boeing expected to grow at an attractive rate?
  • Boeing's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Boeing's earnings growth is expected to exceed the Germany market average.
  • Boeing's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BCO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 35.3%
DB:BCO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 10.5%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BCO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 129,799 21,754 18,142 5
2022-12-31 126,146 21,017 15,766 7
2021-12-31 123,201 19,711 13,930 15
2020-12-31 122,054 20,203 13,367 22
2019-12-31 84,140 8,006 2,997 20
2019-10-13
DB:BCO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 92,155 9,704 4,994
2019-03-31 100,662 14,974 10,132
2018-12-31 101,127 15,322 10,460
2018-09-30 96,943 15,276 10,095
2018-06-30 96,633 14,115 9,803
2018-03-31 95,426 14,384 9,356
2017-12-31 94,005 13,346 8,458
2017-09-30 92,521 13,275 6,769
2017-06-30 92,196 13,081 7,238
2017-03-31 93,900 11,322 5,255
2016-12-31 93,496 10,496 5,034
2016-09-30 94,858 10,786 4,290

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boeing's earnings are expected to grow significantly at over 20% yearly.
  • Boeing's revenue is expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Boeing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BCO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 33.27 33.86 32.67 2.00
2022-12-31 29.71 30.94 26.80 4.00
2021-12-31 25.97 29.73 19.41 11.00
2020-12-31 23.82 29.30 19.35 16.00
2019-12-31 5.25 7.40 3.73 12.00
2019-10-13
DB:BCO Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 8.76
2019-03-31 17.65
2018-12-31 18.04
2018-09-30 17.23
2018-06-30 16.55
2018-03-31 15.66
2017-12-31 14.02
2017-09-30 11.10
2017-06-30 11.74
2017-03-31 8.41
2016-12-31 7.91
2016-09-30 6.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Boeing is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Boeing's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Boeing has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BCO Past Performance

  How has Boeing performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Boeing's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Boeing's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Boeing's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Boeing's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Earnings and Revenue History
Boeing's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Boeing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BCO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 92,155.00 4,994.00 4,056.00 3,370.00
2019-03-31 100,662.00 10,132.00 4,664.00 3,371.00
2018-12-31 101,127.00 10,460.00 4,525.00 3,269.00
2018-09-30 96,943.00 10,095.00 4,525.00 3,179.00
2018-06-30 96,633.00 9,803.00 4,322.00 3,121.00
2018-03-31 95,426.00 9,356.00 4,155.00 3,107.00
2017-12-31 94,005.00 8,458.00 4,101.00 3,179.00
2017-09-30 92,521.00 6,769.00 3,892.00 3,143.00
2017-06-30 92,196.00 7,238.00 3,892.00 3,232.00
2017-03-31 93,900.00 5,255.00 3,653.00 3,311.00
2016-12-31 93,496.00 5,034.00 4,091.00 3,391.00
2016-09-30 94,858.00 4,290.00 3,548.00 3,571.00
2016-06-30 96,809.00 3,715.00 3,514.00 3,571.00
2016-03-31 96,597.00 5,059.00 3,468.00 3,479.00
2015-12-31 96,114.00 5,176.00 3,525.00 3,331.00
2015-09-30 97,009.00 5,616.00 3,634.00 3,181.00
2015-06-30 94,944.00 5,274.00 3,677.00 3,074.00
2015-03-31 92,446.00 5,817.00 3,835.00 3,007.00
2014-12-31 90,762.00 5,446.00 3,767.00 3,047.00
2014-09-30 90,079.00 5,213.00 3,827.00 3,140.00
2014-06-30 88,425.00 5,011.00 3,851.00 3,145.00
2014-03-31 88,195.00 4,445.00 3,862.00 3,175.00
2013-12-31 86,623.00 4,586.00 3,956.00 3,071.00
2013-09-30 85,140.00 4,331.00 3,799.00 2,976.00
2013-06-30 83,018.00 4,205.00 3,759.00 3,074.00
2013-03-31 81,208.00 4,085.00 3,733.00 3,168.00
2012-12-31 81,698.00 3,903.00 3,717.00 3,298.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Boeing has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Boeing used its assets less efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Boeing's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Boeing's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Boeing has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BCO Health

 How is Boeing's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Boeing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boeing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Boeing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boeing's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Boeing has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Boeing Company Filings, last reported 3 months ago.

DB:BCO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -4,943.00 19,216.00 9,606.00
2019-03-31 232.00 14,744.00 7,729.00
2018-12-31 410.00 13,847.00 8,564.00
2018-09-30 -1,209.00 11,876.00 9,990.00
2018-06-30 -1,374.00 12,118.00 9,770.00
2018-03-31 1,298.00 12,452.00 9,891.00
2017-12-31 1,713.00 11,117.00 9,992.00
2017-09-30 1,145.00 10,768.00 10,032.00
2017-06-30 -1,978.00 10,775.00 10,326.00
2017-03-31 155.00 10,799.00 9,205.00
2016-12-31 877.00 9,952.00 10,029.00
2016-09-30 2,150.00 10,456.00 9,629.00
2016-06-30 647.00 11,015.00 9,265.00
2016-03-31 4,106.00 9,964.00 8,314.00
2015-12-31 6,397.00 9,964.00 12,052.00
2015-09-30 6,786.00 9,016.00 9,819.00
2015-06-30 6,307.00 9,016.00 9,587.00
2015-03-31 8,030.00 9,038.00 9,593.00
2014-12-31 8,790.00 9,070.00 13,054.00
2014-09-30 14,637.00 8,880.00 10,031.00
2014-06-30 14,184.00 8,883.00 11,284.00
2014-03-31 14,633.00 8,935.00 12,178.00
2013-12-31 14,997.00 9,635.00 15,212.00
2013-09-30 9,067.00 9,596.00 15,865.00
2013-06-30 7,632.00 9,578.00 14,279.00
2013-03-31 7,560.00 9,171.00 11,807.00
2012-12-31 5,967.00 10,230.00 13,502.00
  • Boeing has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Boeing's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (50.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.2x coverage).
X
Financial health checks
We assess Boeing's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Boeing has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BCO Dividends

 What is Boeing's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.19%
Current annual income from Boeing dividends. Estimated to be 2.43% next year.
If you bought €2,000 of Boeing shares you are expected to receive €44 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Boeing's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Boeing's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BCO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BCO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 11.60 1.00
2022-12-31 11.58 3.00
2021-12-31 10.26 10.00
2020-12-31 8.85 16.00
2019-12-31 7.99 16.00
2019-10-13
DB:BCO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-24 8.220 2.288
2019-04-29 8.220 2.304
2018-12-17 8.220 2.205
2018-10-22 6.840 2.006
2018-06-25 6.840 1.934
2018-04-30 6.840 1.956
2017-12-11 6.840 2.077
2017-10-30 5.680 2.124
2017-06-26 5.680 2.411
2017-05-01 5.680 3.021
2016-12-12 5.680 3.349
2016-10-31 4.360 2.943
2016-06-27 4.360 3.291
2016-05-02 4.360 3.342
2015-12-14 4.360 3.414
2015-10-26 3.640 2.481
2015-06-22 3.640 2.624
2015-04-27 3.640 2.528
2014-12-15 3.640 2.533
2014-10-27 2.920 2.283
2014-06-23 2.920 2.328
2014-04-28 2.920 2.203
2013-12-16 2.920 2.246
2013-10-28 1.940 1.455
2013-06-24 1.940 1.767
2013-04-29 1.940 1.979
2012-12-17 1.940 2.434
2012-10-31 1.760 2.410
2012-06-25 1.760 2.437
2012-04-30 1.760 2.446
2011-12-12 1.760 2.369
2011-10-31 1.680 2.509
2011-06-27 1.680 2.583
2011-05-02 1.680 2.213
2010-12-13 1.680 2.375
2010-10-25 1.680 2.524
2010-06-21 1.680 2.558
2010-04-26 1.680 2.505
2009-12-14 1.680 2.637
2009-10-26 1.680 3.258
2009-06-22 1.680 3.596
2009-04-28 1.680 3.676
2008-12-15 1.680 4.424
2008-10-27 1.600 3.740

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Boeing's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Boeing's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Boeing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boeing has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BCO Management

 What is the CEO of Boeing's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dennis Muilenburg
COMPENSATION $23,392,187
AGE 55
TENURE AS CEO 4.3 years
CEO Bio

Mr. Dennis A. Muilenburg has been the Chief Executive Officer of The Boeing Company since July 2015 and served as its Chairman since March 1, 2016 until October 2019. Mr. Muilenburg has been the President of The Boeing Company since December 2013. He served as Vice Chairman and Chief Operating Officer at The Boeing Company since December 2013 until July 2015 and serves as its Member of Executive Council. Previously, he served as the Chief Executive Officer, Executive Vice President and President of Boeing Defense, Space & Security (BDS) at The Boeing Company from September 2009 to December 2013. He served as an Executive Vice President at The Boeing Company. He served as the Chief Executive Officer and President of Boeing Integrated Defense Systems Inc. since September 1, 2009. He served as an Executive Vice President of Integrated Defense Systems at Boeing Co. He served as the President of Global Services & Support of Boeing Co., from February 2008 to August 2009. Mr. Muilenburg served as the President of IDS Support Systems of Boeing Co., from February 2008 to August 2009. He led Boeing's Combat Systems division and successful Future Combat Systems program. He served as Vice President and General Manager of the Boeing Combat Systems from May 2006 to February 2008. He joined The Boeing Company in 1985 as an Engineering Intern in Seattle. He served as Vice President and Program Manager for Future Combat Systems from 2003 to 2006. He has been Director of The Boeing Company since July 2015. He has been a Director of Caterpillar Inc. since June 2011. He serves on the Association of the United States Army ("AUSA") Council of Trustees and the Washington University Board of Trustees. He is an Associate Fellow of the American Institute of Aeronautics and Astronautics and a Fellow of the Royal Aeronautical Society. Mr. Muilenburg holds a bachelor's degree in aerospace engineering and an honorary doctor of science degree from Iowa State University as well as a master's degree in aeronautics and astronautics from the University of Washington.

CEO Compensation
  • Dennis's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Dennis's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Boeing management team in years:

3.6
Average Tenure
53
Average Age
  • The tenure for the Boeing management team is about average.
Management Team

Dennis Muilenburg

TITLE
CEO, President & Director
COMPENSATION
$23M
AGE
55
TENURE
4.3 yrs

Greg Smith

TITLE
CFO and Executive VP of Enterprise Performance & Strategy
COMPENSATION
$9M
AGE
52
TENURE
7.7 yrs

Greg Hyslop

TITLE
CTO and Senior VP of Boeing Engineering
COMPENSATION
$9M
AGE
60
TENURE
3.3 yrs

Mike Luttig

TITLE
Executive VP and Counselor & Senior Advisor to the Board of Directors
COMPENSATION
$8M
AGE
65

Leanne Caret

TITLE
Executive Vice President
COMPENSATION
$11M
AGE
52
TENURE
3.6 yrs

Jenette Ramos

TITLE
Senior Vice President of Manufacturing
AGE
53
TENURE
2.3 yrs

Andy Ward

TITLE
Chief Investment Officer
AGE
48
TENURE
10.2 yrs

Ted Colbert

TITLE
Chief Information Officer and Senior VP of Information Technology & Data Analytics
AGE
45
TENURE
5.9 yrs

Diana Sands

TITLE
Senior Vice President for Office of Internal Governance & Administration
COMPENSATION
$5M
AGE
53
TENURE
3.6 yrs

Maurita Sutedja

TITLE
Vice President of Investor Relations
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Boeing board of directors in years:

9.3
Average Tenure
64.5
Average Age
  • The tenure for the Boeing board of directors is about average.
Board of Directors

Dave Calhoun

TITLE
Non-Executive Chairman & Lead Director
COMPENSATION
$355K
AGE
61

Dennis Muilenburg

TITLE
CEO, President & Director
COMPENSATION
$23M
AGE
55
TENURE
4.3 yrs

Art Collins

TITLE
Independent Director
COMPENSATION
$366K
AGE
71
TENURE
12.6 yrs

Ron Williams

TITLE
Independent Director
COMPENSATION
$361K
AGE
70
TENURE
8.8 yrs

Larry Kellner

TITLE
Independent Director
COMPENSATION
$371K
AGE
60
TENURE
8 yrs

Mike Zafirovski

TITLE
Independent Director
COMPENSATION
$346K
AGE
65
TENURE
15 yrs

Ed Liddy

TITLE
Independent Director
COMPENSATION
$315K
AGE
73
TENURE
9.3 yrs

Edmund Giambastiani

TITLE
Independent Director
COMPENSATION
$326K
AGE
70
TENURE
10 yrs

Susan Schwab

TITLE
Independent Director
COMPENSATION
$346K
AGE
64
TENURE
9.7 yrs

Lynn Good

TITLE
Independent Director
COMPENSATION
$315K
AGE
59
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Feb 19 Sell J. Luttig Individual 12. Feb 19 12. Feb 19 -8,500 €363.16 €-3,083,129
12. Feb 19 Sell Kevin McAllister Individual 08. Feb 19 08. Feb 19 -12,637 €351.67 €-4,444,084
31. Oct 18 Sell Diana Sands Individual 29. Oct 18 29. Oct 18 -5,000 €307.54 €-1,537,682
X
Management checks
We assess Boeing's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Boeing has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BCO News

Simply Wall St News

BCO Company Info

Description

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services, principally. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating and finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The Boeing Company was founded in 1916 and is based in Chicago, Illinois.

Details
Name: The Boeing Company
BCO
Exchange: DB
Founded: 1916
$190,928,968,760
562,710,008
Website: http://www.boeing.com
Address: The Boeing Company
100 North Riverside Plaza,
Chicago,
Illinois, 60606,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BA Common Shares New York Stock Exchange US USD 02. Jan 1968
DB BCO Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA BCO Common Shares XETRA Trading Platform DE EUR 02. Jan 1968
LSE BOE Common Shares London Stock Exchange GB USD 02. Jan 1968
ENXTBR BOEI Common Shares Euronext Brussels BE USD 02. Jan 1968
WBAG BA Common Shares Wiener Boerse AG AT EUR 02. Jan 1968
SNSE BA Common Shares Santiago Stock Exchange CL USD 02. Jan 1968
BMV BA * Common Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA BOEI34 BDR EACH REPR 1 COM SHS Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2012
BASE BA CEDEAR (3 REP 1 USD5) (USD) Buenos Aires Stock Exchange AR ARS 13. Mar 2000
Number of employees
Current staff
Staff numbers
153,000
Boeing employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 20:55
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/12
Last earnings filing: 2019/07/24
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.