Projected Income Statement: Boeing

Forecast Balance Sheet: Boeing

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 41,858 39,781 36,342 27,582 24,698 22,357 16,218 5,838
Change - -4.96% -8.64% -24.1% -10.46% -9.48% -27.46% -64%
Announcement Date 1/26/22 1/25/23 1/31/24 1/28/25 1/27/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Boeing

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 980 1,222 1,527 2,230 2,942 4,044 3,981 3,537
Change - 24.69% 24.96% 46.04% 31.93% 37.47% -1.55% -11.17%
Free Cash Flow (FCF) 1 -4,396 2,290 4,433 -14,310 -1,877 2,398 6,402 10,014
Change - 152.09% 93.58% -422.81% 86.88% 227.78% 166.95% 56.41%
Announcement Date 1/26/22 1/25/23 1/31/24 1/28/25 1/27/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Boeing

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) -1.22% -2.35% 1.4% -13.34% 6.97% 4.49% 7.52% 9.72%
EBIT Margin (%) -4.66% -5.33% -0.99% -16.1% 4.79% 2.59% 5.59% 7.86%
EBT Margin (%) -8.08% -7.54% -2.58% -18.36% 2.95% 0.91% 4.64% 7.05%
Net margin (%) -6.75% -7.41% -2.86% -17.77% 2.11% 0.51% 3.71% 5.88%
FCF margin (%) -7.06% 3.44% 5.7% -21.51% -2.1% 2.46% 5.7% 8.12%
FCF / Net Income (%) 104.62% -46.4% -199.5% 121.1% -99.31% 485.97% 153.5% 138.07%

Profitability

        
ROA -2.89% -3.58% -1.62% -2.89% 1.16% 0.9% 2.41% 4.27%
ROE - - - - - -2.72% 35.72% 41.91%

Financial Health

        
Leverage (Debt/EBITDA) -55.22x -25.37x 33.4x -3.11x 3.96x 5.1x 1.92x 0.49x
Debt / Free cash flow -9.52x 17.37x 8.2x -1.93x -13.16x 9.32x 2.53x 0.58x

Capital Intensity

        
CAPEX / Current Assets (%) 1.57% 1.83% 1.96% 3.35% 3.29% 4.14% 3.54% 2.87%
CAPEX / EBITDA (%) -129.29% -77.93% 140.35% -25.14% 47.19% 92.18% 47.11% 29.51%
CAPEX / FCF (%) -22.29% 53.36% 34.45% -15.58% -156.74% 168.62% 62.19% 35.32%

Items per share

        
Cash flow per share 1 -5.81 5.864 9.833 -18.66 1.397 9.161 12.04 15.82
Change - 200.94% 67.69% -289.81% 107.49% 555.73% 31.45% 31.37%
Dividend per Share 1 - - - - - - 0.3487 0.9072
Change - - - - - - - 160.16%
Book Value Per Share 1 -25.47 -26.97 -28.45 -6.038 7.176 8.934 14.88 23.13
Change - -5.89% -5.49% 78.78% 218.85% 24.5% 66.51% 55.48%
EPS 1 -7.15 -8.3 -3.67 -18.36 2.48 0.4113 5.265 9.114
Change - -16.08% 55.78% -400.27% 113.51% -83.41% 1,180.04% 73.1%
Nbr of stocks (in thousands) 587,699 595,983 604,977 748,176 760,095 788,302 788,302 788,302
Announcement Date 1/26/22 1/25/23 1/31/24 1/28/25 1/27/26 - - -
1USD
Estimates
2026 *2027 *
P/E 547x 42.7x
PBR 25.2x 15.1x
EV / Sales 2.04x 1.72x
Yield - 0.16%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
-
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
27
Last Close Price
224.95USD
Average target price
270.44USD
Spread / Average Target
+20.22%

Quarterly revenue - Rate of surprise