The Boeing Company
Find Ratings ReportsBOEING CO's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. BOEING CO has very weak liquidity. Currently, the Quick Ratio is 0.28 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 8.49% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 22018.0 | 19980.0 |
EBITDA ($mil) | 910.0 | 569.0 |
EBIT ($mil) | 429.0 | 67.0 |
Net Income ($mil) | -23.0 | -634.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 15965.0 | 17220.0 |
Total Assets ($mil) | 137012.0 | 137100.0 |
Total Debt ($mil) | 54121.0 | 58582.0 |
Equity ($mil) | -17233.0 | -15883.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 15.11 | 13.98 |
EBITDA Margin | 4.13 | 2.84 |
Operating Margin | 1.95 | 0.34 |
Sales Turnover | 0.57 | 0.49 |
Return on Assets | -1.62 | -3.59 |
Return on Equity | 0.0 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.14 | 1.22 |
Debt/Capital | 1.47 | 1.37 |
Interest Expense | 600.0 | 640.0 |
Interest Coverage | 0.72 | 0.1 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 609.52 | 597.59 |
Div / share | 0.0 | 0.0 |
EPS | -0.04 | -1.06 |
Book value / share | -28.27 | -26.58 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 9888480.0 | 5824266.0 |
HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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BA NM | Peers 23.30 | BA 18.53 | Peers 20.65 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. BA's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. BA is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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BA 22.96 | Peers 16.58 | BA NA | Peers 2.67 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. BA is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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BA NM | Peers 4.90 | BA 55.61 | Peers 54.33 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. BA's P/B is negative making this valuation measure meaningless. |
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. BA is expected to keep pace with its peers on the basis of earnings growth. |
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Price/Sales |
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Sales Growth |
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BA 1.42 | Peers 3.84 | BA 16.79 | Peers 19.37 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. BA is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. BA trails its peers on the basis of sales growth. |
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