Friday January 15, 2021 15 January 2021

NEWS BITES - NORTH AMERICA

The Boeing Company (NYSE:BA), the NYSE's largest Aerospace company by market cap, has dropped $5.59 (2.7%) from its previous trading session to close at $204.32. Compared with the S&P 500 Index which fell 27.3 points (0.7%) in the day, the relative price change was -1.9%. Today the stock traded at its four-day low of $204.20.

The price is at a discount of 4.9% to the 1-month Volume Weighted Average Price (VWAP) of $214.90. This may appeal as a value proposition.

There were 11,103,300 shares worth $2.3 billion traded today. The volume was 0.4 times the average daily trading volume of 30.2 million shares.

TODAY'S INSTITUTIONAL NEWS FROM Q4 2020 REPORTS TOP BY TRANSACTION VALUE:

Gateway Investment Advisers LLC books some of its profits in Boeing

Gateway Investment Advisers LLC decreased its net position in Boeing by 13,376 shares (or 6.6%) in Q4/2020.

In SEC filings for Q3/2020, Gateway Investment Advisers LLC (CIK:0001114618) was ranked 105 out of 1641 institutional shareholders of Boeing (NYSE:BA). During the quarter the Volume Weighted Average Price (VWAP) of Boeing was USD195.02, valuing the 13,376 shares at USD2.6 million.

At December 31 Gateway Investment Advisers LLC held 188,365 Boeing shares worth USD36.7 million.

Bullish Turning Point

Williams % R

The stock is oversold according to the Williams % R indicator of -84.0, suggesting the price is close to its 14-day low. The Williams % R was previously -56.9.

BA Stock Dashboard [traded in US Dollar, USD]

Jan 15 close$204.32Shares Outstanding564,529,686
Ave Daily Volume30,249,941 sharesNo. Held by Institutions286,817,522
52-Week Range (In USD)89.00 - 347.89% of shares outstanding50.8%
Dividend Yield1%Market Cap$115.3 billion
SectorAerospace

Primary Exchange and Other Listings: Trading Currency and Volume

ExchangeTickerCurrencyLastADVTVol % of TotalToday's VI
New YorkBAUSD204.3230,031,93999.80.4
XetraBCOEUR170.927,9330.10.6
LondonBOEUSD207.9352,8520.10.1
Total100.00

1 USD= 1.2214 EUR;

ADVT= Avg. Daily Volume of Trading; VI= Volume Index (1 is avg)

BA Financials Summary: EPS fell to -$1.12 in FY2019

+ Net profit slumped from a loss of $10.5 billion in FY2018 to a loss of $636 million in FY2019.

+ Earnings Per Share (EPS) fell from $18.05 in FY2018 to -$1.12 in FY2019.

Year ended DecFY2019FY2018FY2017
Sales ($ B)76.6101.194
Pretax ($ B)(2.3)11.610.1
Net ($)(636M)10.5B8.5B
EPS ($)(1.12)18.0514.03

INDEX

SECTION 1 Recent News

SECTION 2 Corporate Profile and Independent Ratings

SECTION 3 Today's Bearish Signals

SECTION 4 Ongoing Bearish Parameters

SECTION 5 Today's Bullish Signals

SECTION 6 Ongoing Bullish Parameters

SECTION 7 Insider Buying and Ownership

SECTION 8 Patents

SECTION 9 Financials

SECTION 10 Peer Group Analysis & Ranking

SECTION 11 Q3/2020 Institutional Shareholder Activity

SECTION 12 News Archives (Dec 2018 - Sep 2020)

Glossary

DATA DOWNLOAD CENTER

BA: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:

+ PRICE VOLUME - 5-YEAR HISTORY

+ FINANCIALS - 10-YEAR HISTORY [INCLUDING Q3/2020]:

+ INSTITUTIONAL SHAREHOLDERS - CATEGORISED AND COMPLETE LIST OF 1641 INSTITUTIONS AS AT Sep 30, 2020:

+ PEER COMPARISON - STOCK IN AEROSPACE SECTOR AND STOCK IN INDICES

+ PATENTS - CATEGORISED LIST OF 5-YEAR HISTORY OF 7546 [INCLUDING 21 IN CURRENT WEEK]:

BA: LINKS IN HTML TO FURTHER INFORMATION:

+ NEWS ARCHIVES - BA PAST 3 YEARS IN HTML:

+ PRICE VOLUME CHARTS IN HTML

SECTION 1 Recent News

1.1 FY 2020

Boeing tumbles 34% in 2020, in bottom 11% of the market

The Boeing Company (NYSE:BA), the NYSE's largest Aerospace company by market cap, has tumbled $109.77 (or 33.9%) in 2020 to close at $214.06. Compared with the S&P 500 Index which has risen 16.3% in 2020, this is a relative price change of -50.2%.

The stock has underperformed 90% of NYSE-listed stocks in 2020. Market Capitalization has slumped by $62.5 billion to $120.8 billion.

Average daily volume of 26.4 million shares in 2020 was 4.9 times the average daily volume in 2019.

1.2 Institutional News [Updated January 15, 2021]

Top 20 Institutions increasing their holdings in Boeing shares [Q4/2020]

Institution Name (CIK)Rank on Sep 30, 2020Sep 30, 2020Dec 31, 2020Increase %*Today's Market Value $ million
Huntington National Bank (0000049205)134139,701164,22017.634.5
Cacti Asset Management (0001452208)126151,731158,2314.333.2
Sowell Financial Services (0001633697)27141,16741,9571.98.8
IFM Investors (0001698246)29135,58241,44316.58.7
Louisiana State Employees Retirement System (0001537191)34826,90032,90022.36.9
Symphony Financial (0001800687)11392,54927,100963.25.7
First Citizens Bank & Trust Co (0001092203)36624,99726,0744.35.5
Kmg Fiduciary Partners (0001773205)41719,07121,23711.44.5
Raymond James Trust N.A. (0001088950)42218,71520,3478.74.3
Abner Herrman & Brock (0001038661)41619,09319,1380.244
Davenport & Co (0000887777)43717,71118,6175.13.9
Farmers & Merchants Trust Co of Long Beach (0001737090)47015,17815,8954.73.3
Brookstone Capital Management (0001599584)9064,28615,524262.23.3
Fulton Bank (0000883782)48713,92514,7836.23.1
Redpoint Investment Management (0001732538)56510,58411,3617.32.4
True Private Wealth Advisors (0001667074)54411,17211,2911.12.4
Global Retirement Partners (0001749744)57410,43611,2007.32.4
Ims Capital Management (0001343916)7556,06110,38671.42.2
Kovack Advisors (0001728321)6308,6799,87213.72.1
Trust Company of Toledo NA (0001008937)6997,1757,4844.31.6

*Today's Market Value in $ million of holdings as at December 31, 2020.

Top 20 Institutions decreasing their holdings in Boeing shares [Q4/2020]

Institution Name (CIK)Rank on Sep 30, 2020Sep 30, 2020Dec 31, 2020Decrease %*Today's Market Value $
Gateway Investment Advisers (0001114618)105201,741188,3656.639.5 million
State of Alaska, Department of Revenue (0001370102)17590,50486,2604.718.1 million
Lawson Kroeker Investment Management (0001013701)31331,79530,7053.46.4 million
Crossmark Global Holdings (0001539204)41219,69818,8654.24 million
Webster Bank (0001105837)47614,56413,3678.22.8 million
Burns J W & Co (0001047339)51912,45412,3700.672.6 million
Uncommon Cents Investing (0001729754)5919,9059,5453.62 million
TNB Financial (0001561790)6238,9008,8900.111.9 million
West Oak Capital (0001387399)6169,0798,3997.51.8 million
Peoples Financial Services. (0001056943)6368,5658,0655.81.7 million
Rockland Trust Co (0000084616)6817,6006,73511.41.4 million
Park National (0000805676)7276,5166,3522.51.3 million
Wallington Asset Management (0001426754)7496,1616,0262.21.3 million
Sonora Investment Management (0001418539)7017,1565,78619.11.2 million
Diversified Trust Co (0001479844)7536,1035,7645.61.2 million
Carroll Financial Associates (0001567784)7685,7805,5144.61.2 million
Indiana Trust & Investment Management Co (0001356407)8674,6584,3586.4914,744
NuWave Investment Management (0001536141)8494,8224,30010.8902,570
City Holding Co (0000726854)9054,2934,0036.8840,230
Pure Financial Advisors (0001571556)9284,0643,8924.2816,931

*Today's Market Value in $ of holdings as at December 31, 2020.

1.3 Financial News

Quarterly Report (Q3/2020):

October 28, 2020

Quarterly Report Analysis Q3 2020: Boeing reports 19.8% sequential rise in Quarterly Revenue

Boeing (NYSE:BA), announced total revenue of $14.1b for the quarter-ended 30 September 2020 [Q3/2020], up 19.8% from the previous quarter [Q2/2020] and down 29.2% from the year-earlier period [Q3/2019].

Compared with the Previous Corresponding Period [PCP; Q3/2019], year-over-year [y.o.y.] Revenue was down 29.2%.

Read more in SECTION 9 on Financials

1.4 Press Releases

October 29 2020: Boeing Reports Third-Quarter Results

Financial results continue to be significantly impacted by COVID-19and the 737 MAX grounding

Proactively managing liquidity and transforming for thefuture

Revenue of $14.1 billion, GAAP loss per share of ($0.79) and core(non-GAAP)* loss per share of ($1.39)

Operating cash flow of ($4.8) billion; cash and marketablesecurities of $27.1 billion

Total backlog of $393 billion, including more than 4,300 commercialairplanes

Source: SEC

October 27 2020: Boeing: Document and Entity Information

Cover Oct. 26, 2020 Cover [Abstract] Document Type 8-K Document Period End Date Oct. 26, 2020 Entity Registrant Name BOEING CO

Source: SEC

October 27 2020: Boeing: 364-DAY CREDIT AGREEMENT

THE BOEING COMPANY, a Delaware corporation ("TBC" or the "Company"), for itself and on behalf of the other BORROWERS (as defined below), the LENDERS (as defined below), CITIBANK, N.A. and JPMORGAN CHASE BANK, N.A., as joint lead arrangers and joint book managers, JPMORGAN CHASE BANK, N.A., as syndication agent, and CITIBANK, N.A., in its capacity as administrative agent for the Lenders (in such capacity, the "Agent"), agree as follows:

Source: SEC

1.5 People's News

Wed Jan 06, 2021

Boeing (NYSE:BA) Director Edmund P. Giambastiani, has been awarded Phantom Stock Units on 242 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Director Susan C. Schwab, has been awarded Phantom Stock Units on 406 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Director Lynn Good, has been awarded Phantom Stock Units on 436 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Director Caroline B. Kennedy, has been awarded Phantom Stock Units on 242 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Independent Director John M. Richardson, has been awarded Phantom Stock Units on 242 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Independent Director Steven M. Mollenkopf, has been awarded Phantom Stock Units on 406 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Director Robert A. Bradway, has been awarded Phantom Stock Units on 406 shares. The transaction date was January 04. The shares last traded at $211.03.

Wed Jan 06, 2021

Boeing (NYSE:BA) Director Ronald A. Williams, has been awarded Phantom Stock Units on 430 shares. The transaction date was January 04. The shares last traded at $211.03.

Thu Dec 17, 2020

David L. Calhoun's performance as Chief Executive Officer of Boeing is ranked in the second quartile of BuySellSignals' performers by EBITDA growth in NYSE for the quarter - ended September 2020 compared with the previous corresponding quarter - ended September 2019. Among 1253 stocks that have reported for the September quarter in NYSE so far, Boeing was ranked 419, a percentile rank of 67.

Thu Dec 17, 2020

Boeing (NYSE:BA) Executive Vice President Leanne Caret holds 59,248 shares worth $13.4 million at the last price of $225.87, a rise in value by $3.5 million (35.1%). Three months ago Leanne Caret held the same number of shares and the price was $167.46.

Wed Oct 21, 2020

John J. Tracy's performance as Chief Technology Officer of Boeing (NYSE:BA) is ranked 5 by US Patents issued in the past year out of 2,075 NYSE listed companies. This corresponds to a percentile ranking of 99.5. A total of 36,759 US patents were issued to NYSE listed companies in the past year, an average of 17.7 patents per company. Boeing received 1,315 US Patents in the past 12 months; 74 times average.

1.6 Recent Business News Round Up: CNBC

December 17 2020: Boeing

Boeing CEO David Calhoun told CNBC that the jet maker was not planning a massive stock sale to cut debt, as suggested in a Morgan Stanley analyst report. Separately, Boeing is said to be hiring up to 160 pilots that it will embed at airlines to ensure a smooth comeback for its 737 Max jet's return to service, according to people familiar with the matter who spoke to Reuters.

Source: CNBC

1.7 Stock Buzz

Source: The Wall Street Journal

News DateHeadline
Jan 11, 2021Thinking about trading options or stock in Eli Lilly, Gilead Sciences, GameStop, Boeing, or Roku?
Dec 29, 2020Boeing's 737 MAX Returns to U.S. Commercial Service
Dec 08, 2020Thinking about buying stock in Pfizer, Nio, Lexicon Pharmaceuticals, Oncolytics Biotech, or Boeing?

Source: Bloomberg

News DateHeadline
Jan 11, 2021Indonesia Says Boeing Jet Broke Apart Upon Impact
Jan 08, 2021Boeing to Pay $2.5 Billion to Settle 737 Max Fraud Charge
Jan 06, 2021Boeing to Release Fourth-Quarter Results on January 27
Jan 05, 2021Boeing Company Invests $100,000 in Youth, Technology, and Conservation with the National Forest Foundation: in Green Drone AZ
Dec 31, 2020U.S. Widens Tariffs on EU Imports in Airbus, Boeing Fight
Dec 30, 2020Boeing's 737 Max Returns to U.S. Skies

Source: Other Publishers

News DateHeadlinePublisher
Jan 14, 2021Traynor Capital Management Inc. Has $823,000 Stake in The Boeing Company (NYSE:BA)theenterpriseleader.com
Jan 14, 2021Charles Schwab Trust Co Invests $984,000 in The Boeing Company (NYSE:BA)modernreaders.com
Jan 14, 2021Major Boeing customer readies for more 777X delaysThe Business Journals
Jan 13, 2021Boeing Co (NYSE:BA) Enters $2.5 Billion Deferred Prosecution Settlement For Deceiving Regulators Over the 737 Max PlaneBol
Jan 13, 2021One Of Boeing s Most Important Customers Says 777X Debut Could Slip Beyond 2022International Business Times
Jan 12, 2021Boeing Delivered 157 Aircrafts In 2020, Its Worst Showing In DecadesBenzinga.com

1.8 Analyst Recommendations: Past Month

DateBrokerageCurrent RatingPrice Target
Jan 04, 2021Royal Bank of CanadaBuy307
Jan 03, 2021Royal Bank of CanadaBuy307
Jan 02, 2021Royal Bank of CanadaBuy307
Jan 01, 2021Royal Bank of CanadaBuy307
Dec 28, 2020Royal Bank of CanadaBuy307

SECTION 2 Corporate Profile and Independent Ratings

2.1 Activities

The Boeing Company (Boeing) is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. The Company operates in five principal segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network and Space Systems (N&SS), Global Services and Support (GS&S) and Boeing Capital Corporation (BCC). BMA, N&SS and GS&S comprise the Company's Integrated Defense Systems (IDS) business. The Other segment classification principally includes the activities of Engineering, Operations and Technology (EO&T), an advanced research and development organization focused on technologies, processes and the creation of new products. In December 2008, Boeing announced that it has completed its acquisition of Federated Software Group, whose engineering services and software system help track and distribute equipment and personnel for the United States Department of Defense.

2.2 Contact Details

Websitehttp://www.boeing.com
Physical Address100 North Riverside Plaza,Chicago,IL,60606-1596
Phone+1 312 544-2000
Fax5442082
Emailcharles.n.bickers@boeing.com

2.3 Industry & Sector

Classification LevelName of Sector
Business SectorIndustrial Goods
Industry GroupAerospace & Defense
IndustryAerospace & Defense
Economic SectorIndustrials

2.4 North American Industry Classification System [NAICS]

Code: 336411

Industry Title: Aircraft Manufacturing

2.5 Independent Ratings

+ Just Capital:

The Boeing Company was ranked 72 in the Just Capital annual list of top 100 ESG stocks for 2019; it was ranked 2 in the Aerospace & defense sector.

+ Fortune 500:

It was ranked 60 by total revenues in the Fortune 500 annual list for 2017; an improvement over a year from rank 61 in 2016.

+ Industryweek 1000:

It is a new entrant in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2016, ranked 29.

+ Newsweek 500:

It was ranked 65 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016. It had outstanding scores of 11.5% in Water productivity, 9.9% in Waste productivity and 8.2% in Carbon productivity.

+ Clarivate 100:

It is ranked in the Top 100 innovators by Clarivate Analytics.

+ FT 500:

It is the 52nd largest by revenue in the FT Global 500.

+ PwC 100:

It is a new entrant in PwC's list of Top 100 Global companies; ranked 73rd by MCap as at March 31, 2015.

+ Forbes 2000:

It is the 78th largest by revenue in the Forbes Global 2000.

SECTION 3 Today's Bearish Signals

3.1 Momentum Down 1.5% Past Week

Boeing underperformed the S&P 500 index in 4 out of 5 days. The price ranged between a low of $206.79 on Monday, Jan 11 and a high of $212.71 on Thursday, Jan 07.

DayBoeingClose price [$]Price change %Relative change % *Comment
TuesdayInches higher, resistance at 12-day EMA208.410.80.7Price/MAP50 above 1 and rising
MondayDrops to two-month low206.79-1.5-0.8Week-low of 206.79; Steepest Fall
FridayLoses $2 billion (1.3%) in MCap, steepest heavyweight fall in Aerospace sector209.9-1.3-1.9Price fall on slipping relative strength
ThursdayInches higher, resistance at 12-day EMA212.710.8-0.7Week-high of 212.71; Top Rise
WednesdayPrice 5.5% below VWAP211.03-0.3-0.9Price fall on slipping relative strength

* Relative change is price change of stock with respect to Benchmark Index, S&P 500 index.

3.2 Rank in the bottom 22% by Relative Valuation in the NYSE market

DescriptionValueRank
P/E * P/NTA151.77In Bottom 22%
Dividend Yield %1%In Bottom 16%

3.3 Rank in the bottom 23% by Price Performance in the NYSE market

DescriptionValueRank
Rel Strength 6 mo24In Bottom 23%
Price/MAP500.97In Bottom 16%
1-week Price Change %-2.7In Bottom 13%
PV1000 [1 yr] $627In Bottom 8%
1-month Price Change %-11.0In Bottom 4%

3.4 Short Selling

+ The current short volume is 1.2 times its own historical average of 0.1%.

3.5 Downtrend

Negative MACD:

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 210.08 minus the 26-day EMA of 211.88 is negative, suggesting a bearish signal. Both the 12-day EMA as well as the 26-day EMA are falling, another bearish signal.

Past Month:

- Falls to Rises: In the past month the number of falls outnumbered rises 14:8 or 1.8:1.

- Boeing stock was the fourth lowest performer in the S&P 500 Index.

Past Quarter:

The Worst 3 weeks in the past quarter

The past month witnessed the worst 2 weeks in the past quarter. In the past quarter the steepest fall of 13.7% took place in the week beginning Monday October 26.

Mon-FriChange %S&P 500 index Change %RPC %Vol Ind [1 is avg]
Oct 26-30-13.7-5.6-8.10.6
Dec 14-18-4.61.2-5.80.6
Jan 11-15-2.7-1.5-1.20.4

Trailing Relative Strength (6 months) at 24 percentile:

- The stock has a 6-month relative strength of 24 in the NYSE market of 1,804 stocks, 273 units and 117 preference stocks indicating it is trailing 76% of the market.

3.6 Other Bearish Signals

- Net profit margin has averaged 6.2% in the last 3 years. This is lower than the sector average of 7.9% and suggests a low margin of safety.

SECTION 4 Ongoing Bearish Parameters

4.1 Past two-years

- The shares fell $16.56 (4.8%) a year ago which accelerated to $123.53 (37.7%) in the past year.

- Boeing fell for a second consecutive year. In the previous year the shares fell $16.56 (4.8%).

4.2 Present Value of $1000 Invested in the Past [1 Yr, 3 Yrs]; The Worst Periods with PV$1000 < 663

PV$1,0001 yr ago3 yrs ago
BA.NYSE$627$662
Aerospace sector$754$854
S&P 500 Index$1,146$1,352

4.3 The Worst Periods [1 Yr, 3 Yrs] with Price Change % < -36.8

3-Year price change of -36.9% for Boeing underperformed the change of 35.2% in the S&P 500 index for a relative price change of -72.2%.

Price Change %Year3 Years
Boeing-37.7-36.9
Aerospace sector-24.7-14.6
S&P 500 index14.835.2

4.4 Moving Annual Return of -37.1% in the past year:

Moving Annual Return was -37.1% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 22.8%

BAClose ($)Dividends ($)Capital Gain / (Loss) %% YieldAnnual Return %
Jan 15204.322.06(37.7)0.6(37.1)
1 Yr ago327.858.22(4.3)2.4(1.9)
2 Yrs ago342.576.845.72.17.8
3 Yrs ago3245.68112.93.7116.7
4 Yrs ago152.154.3625.13.628.7

Close 5 years ago $121.63

4.5 Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Periods with TSR < -12.6%

TSR %1 yr3 yrs
BA.NYSE-37.3-12.7

4.6 Deteriorated EBIT Margins:

EBIT margin is negative and has deteriorated from 11.5% to -3.0% in the past year.

FYEBIT Margins (%)
2019-3.0
201811.5
201710.8
20165.9
20157.7

4.7 A 15.7% Increase in Insider Selling

In the past 5 years a total of 877,885 Boeing shares worth $170.5 million were sold by insiders. Based on a dynamic start date of 5 years ago, insider selling has averaged 175,577 shares per year. In the past year, insiders sold 72,247 shares, an increase of 15.7% from the previous year.

YearNo. of SharesValue, $
1 Yr ago72,24728,923,075
2 Yrs ago62,43221,184,734
3 Yrs ago356,57866,172,781
4 Yrs ago386,62854,214,392
Total877,885170,494,983

4.8 Decrease in Institutional Ownership down from 63.5% to 50.8%

As at September 30, 2020 Institutions held 50.8% of total shares on issue; a decrease from 51.7% as at June 30, 2020 and 63.5% as at September 30, 2019.

Quarter-endSeptember 30, 2019June 30, 2020September 30, 2020
Holdings (%)63.551.750.8

4.9 Revenue, EPS, and EBITDA:

- Revenue growth rate has shown signs of deterioration in recent years. [compared with previous year, all figures in %]

FYRevenue GrowthEPS GrowthEBITDA Growth
2019-24--
201882914

4.10 Satisfies 1 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Reduction in total shares on issue.

SECTION 5 Today's Bullish Signals

5.1 Uptrend

Beta > 1 combined with price rise. The Beta of the stock is 2.9.

Price/Moving Average Price of 1.17:

- The price to 200-day MAP ratio is 1.17, a bullish indicator. In the past 200 days this ratio has exceeded 1.17, 36 times suggesting further upside. The 50-day MAP of $210.05 is higher than the 200-day MAP of $174.26, a bullish indicator. The 200-day MAP has increased to $174.26. An increase is another bullish indicator.

5.2 Undervaluation

Dividend Yield > 2/3rd Bond Yield:

The dividend yield of 1.01% is 0.91 times the triple-A bond yield of 1.11%; it is also above the benchmark of 2/3rd set by Benjamin Graham.

(All figures in %)

Dividend Yield1.01
Bond Yield1.11
Spread0.1

MCap/Total Assets:

- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.9. Compared with the rest of the market the stock is undervalued.

Brand Value/Enterprise Value:

- Brandirectory have estimated Boeing brand value at $9.2 billion. The Brand Value represents 6.5% of the estimated Enterprise Value of $143 billion. Enterprise Value is defined as MCap of $115.3 billion plus net debt of $27.6 billion.

5.3 Oversold/Bullish Signals:

- The stock is oversold according to the Williams % R indicator of -84.0, suggesting the price is close to its 14-day low of $201.01.

SECTION 6 Ongoing Bullish Parameters

6.1 Rank in the top 4% by Size in the NYSE market

DescriptionValueRank
Ave daily Turnover$2.3 billionIn Top 1%
Tr 12 months Revenue$60.8 billionIn Top 3%
MCap$115.3 billionIn Top 4%

6.2 Present Value of $1000 Invested in the Past 3 Months; The Best Period with PV$1000 > 1,243

PV$1,0003 mo ago
BA.NYSE$1,244
Aerospace sector$1,214
S&P 500 Index$1,086

6.3 Past quarter: price rise of 24.4%

3-Month price change of 24.4% for Boeing outperformed the change of 8.2% in the S&P 500 index for a relative price change of 16.2%.

Price Change %Quarter
Boeing24.4
Aerospace sector21.4
S&P 500 index8.2

6.4 MCap: 5-Year Increase of $29 billion

In the past 5 years Market Capitalization has increased by $28.8 billion (33%) from $86.6 billion to $115.3 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.

PriceMCap ($ B)
Last$204.32115.3
1 Year ago$327.85185.6
2 Years ago$342.57199
3 Years ago$324.0200.2
4 Years ago$152.1598
5 Years ago$121.6386.6

6.5 Buybacks and 5-Years Decrease of 22.4% in Total Shares on Issue

In the past 5 years total shares on issue have decreased by 163.5 million (22.4%) from 728.9 million to 565.4 million. Buybacks have averaged 22.5 million shares [3.1%] per financial year. Based on a dynamic start date of 5 years ago, there has been no rise in issued capital over the last 5 years. A reduction in total shares on issue is a favourable indicator in Joseph Piotroski's 9 indicators.

Year End (Dec 31)Total Shares on IssueFYBuybacksBuyback %
2019565,400,000201913,800,0002.4%
2018579,200,000201823,300,0003.9%
2017602,500,000201733,000,0005.2%
2016635,500,0002016--
2015696,100,000201532,800,0004.5%
2014728,900,000201431,900,0004.2%
Total134,800,000
Average per FY22,466,667

6.6 Created Market Value [CMV] past 12 yrs of $54.6 billion

- Market Capitalization has increased by $83.9 billion from $31.5 billion to $115.3 billion in the last 12 years. This increase comprises cumulative retained earnings (RETE) of $29.3 billion and Created Market Value of $54.6 billion. The Created Market Value multiple, defined by the change in MCap for every $1 of retained earnings is exemplary at $2.87.

6.7 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 8.3%

TSR %5 yrs10 yrs20 yrs30 yrs
BA.NYSE13.414.58.49

6.8 Increased Volume, up 635% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has increased 634.9% to 30.2 million shares.

Avg. Daily Volume Traded 12 months ended Jan 15, million shares

YearADVT
202130.2
20205.4
20194.4
20183.3
20174.1

6.9 Increased VWAP, up 42% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 41.6% to $176.36. .

Past five years, 12 months ended Jan 15 (USD)

YearHigh PriceVWAPLow Price
2021347.89176.3689.0
2020438.28360.24315.82
2019383.74333.28285.97
2018324.64214.38150.16
2017153.34124.5297.0

6.10 Increased share turnover, up 900% in 5 years

In the past five years, average daily share turnover has increased 899.5% to $5.1 billion. This suggests increased liquidity.

Past five years, 12 months ended Jan 15 (USD billion)

YearAverage Daily Turnover
20215.1
20202.0
20191.5
20180.72
20170.51

6.11 Growth > 19% for Revenue:

- Revenue growth has shown signs of recovery in recent quarters. [All figures in %]

Qtr-endedRevenue GrowthNet Profit Margin
Sep 20 [Q3 vs Q2]19.8-3.3
Jun 20 [Q2 vs Q1]-30.2-20.3

6.12 Satisfies two criteria of Benjamin Graham

- "A dividend yield of at least two-thirds the triple-A bond yield"; the stock's dividend yield is 0.9 times the triple-A bond yield of 1.1%.

-"Total debt equal or less than twice the net quick liquidation value"; total debt of USD27.3 billion is 0.4 times the net liquidation value of USD74.93 billion.

SECTION 7 Insider Buying and Ownership

7.1 Shares Held by Insiders as on Jan 15, 2021

NameShares HeldValue, $
Greg Smith174,15235,582,737
David L. Calhoun65,04713,290,403
Leanne Caret59,24812,105,551
Stanley A. Deal47,3069,665,562
Bertrand-Marc (Marc) Allen43,9718,984,155
Heidi Capozzi24,8155,070,201
Edward M. Liddy22,9264,684,240
Ronald A. Williams20,5144,191,420
Susan C. Schwab17,7563,627,906
Edmund P. Giambastiani17,6233,600,731
Jenette Ramos14,1252,886,020
Brett C. Gerry12,7932,613,866
Lynn Good7,2771,486,837
Robert A. Bradway6,1831,263,311
Michael Arthur4,122842,207
Caroline B. Kennedy2,756563,106
Steven M. Mollenkopf2,698551,255
John M. Richardson1,438293,812
Nikki R. Haley624127,496
Total545,374111,430,816

7.2 David L. Calhoun Shares and Options Held

(Value computed at price $204.32)

David L. Calhoun now has a beneficial interest in 65,047 Boeing shares and options worth $13.3 million comprising 39,280 Boeing shares $8 million and 25,767 Boeing options $5.3 million.

7.3 Greg Smith Shares and Options Held

(Value computed at price $204.32)

Greg Smith now has a beneficial interest in 174,152 Boeing shares and options worth $35.6 million comprising 154,750 Boeing shares $31.6 million and 19,402 Boeing options $4 million.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
NA154,18731,503,488
By 401(k)501102,364
By Spouse6212,668
Total (Equity)154,75031,618,520
Options-Derivative Securities
NA19,4023,964,217
Total (Options)19,4023,964,217
Total (Equity & Options)174,15235,582,737

7.4 Nikki R. Haley Options Held

(Value computed at price $204.32)

Nikki R. Haley now has a beneficial interest in 624 Boeing Options worth $127,496.

7.5 Edward M. Liddy Options Held

(Value computed at price $204.32)

Edward M. Liddy now has a beneficial interest in 22,926 Boeing Options worth $4.7 million.

7.6 Edmund P. Giambastiani Options Held

(Value computed at price $204.32)

Edmund P. Giambastiani now has a beneficial interest in 17,623 Boeing Options worth $3.6 million.

7.7 Caroline B. Kennedy Options Held

(Value computed at price $204.32)

Caroline B. Kennedy now has a beneficial interest in 2,756 Boeing Options worth $563,106.

7.8 Ronald A. Williams Options Held

(Value computed at price $204.32)

Ronald A. Williams now has a beneficial interest in 20,514 Boeing Options worth $4.2 million.

7.9 Robert A. Bradway Options Held

(Value computed at price $204.32)

Robert A. Bradway now has a beneficial interest in 6,183 Boeing Options worth $1.3 million.

7.10 Lynn Good Options Held

(Value computed at price $204.32)

Lynn Good now has a beneficial interest in 7,277 Boeing Options worth $1.5 million.

7.11 Susan C. Schwab Options Held

(Value computed at price $204.32)

Susan C. Schwab now has a beneficial interest in 17,756 Boeing Options worth $3.6 million.

7.12 Steven M. Mollenkopf Shares and Options Held

(Value computed at price $204.32)

Steven M. Mollenkopf now has a beneficial interest in 2,698 Boeing shares and options worth $551,255 comprising 1,152 Boeing shares $235,377 and 1,546 Boeing options $315,879.

7.13 John M. Richardson Options Held

(Value computed at price $204.32)

John M. Richardson now has a beneficial interest in 1,438 Boeing Options worth $293,812.

7.14 Leanne Caret Shares Held

(Value computed at price $204.32)

Leanne Caret now has a beneficial interest in 59,248 Boeing shares worth $12.1 million.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
NA59,14812,085,119
By Spouse10020,432
Total (Equity)59,24812,105,551

7.15 Stanley A. Deal Shares Held

(Value computed at price $204.32)

Stanley A. Deal now has a beneficial interest in 47,306 Boeing shares worth $9.7 million.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
NA42,3978,662,555
Career Shares4,320882,662
401(k) plan589120,344
Total (Equity)47,3069,665,562

7.16 Brett C. Gerry Shares Held

(Value computed at price $204.32)

Brett C. Gerry now has a beneficial interest in 12,793 Boeing shares worth $2.6 million.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
By Trust7,4701,526,270
NA5,3201,086,982
401(k) plan3613
Total (Equity)12,7932,613,866

7.17 Michael Arthur Shares Held

(Value computed at price $204.32)

Michael Arthur now has a beneficial interest in 4,122 Boeing shares worth $842,207.

7.18 Jenette Ramos Shares and Options Held

(Value computed at price $204.32)

Jenette Ramos now has a beneficial interest in 14,125 Boeing shares and options worth $2.9 million comprising 12,125 Boeing shares $2.5 million and 2,000 Boeing options $408,640.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
NA12,0782,467,777
401(k) plan479,603
Total (Equity)12,1252,477,380
Options-Derivative Securities
NA2,000408,640
Total (Options)2,000408,640
Total (Equity & Options)14,1252,886,020

7.19 Heidi Capozzi Shares Held

(Value computed at price $204.32)

Heidi Capozzi now has a beneficial interest in 24,815 Boeing shares worth $5.1 million.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
NA24,6915,044,865
By 401(k)12425,336
Total (Equity)24,8155,070,201

7.20 Bertrand-Marc (Marc) Allen Shares Held

(Value computed at price $204.32)

Bertrand-Marc (Marc) Allen now has a beneficial interest in 43,971 Boeing shares worth $9 million.

Nature of OwnershipShares HeldValue, $
Equity-Non-Derivative Securities
NA43,1978,826,011
By 401(k)774158,144
Total (Equity)43,9718,984,155

7.21 Insider buying Summary in the past 12 months

NameNo. of SharesPrice, $Value, $
Mollenkopf Steven M [Independent Director]1,152173.4199,710.7
Total1,152173.4199,710.7

7.22 Mollenkopf Steven M [Independent Director] Reported Buying In The Past 12 Months

MonthNo. of SharesPrice, $Value, $
August 07, 20201152173.4199,710.7

SECTION 8 Patents

EXCEL TABLES ARE AVAILABLE TO EXPORT AS FOLLOWS:

PATENTS - CATEGORISED LIST OF 5-YEAR HISTORY OF 7546 [INCLUDING 21 IN CURRENT WEEK]:

http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/PDF/quarterly/xls/BA_History_Patents.xls

SECTION 9 Financials

EXCEL TABLES ARE AVAILABLE TO EXPORT AS FOLLOWS:

Financials Q3 2020, FY 2019, Past 10 Years

http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/PDF/quarterly/xls/BA_Financials.xls

SECTION 10 Peer Group Analysis & Ranking

10.1 Global Peer Group (all figures in $): Key Financials

In its Global Peer Group of 9 companies BA is ranked first by MCap, third by Revenue, Total Assets, sixth by Relative Str. (6 mo) and eighth by PV $1000 (1 yr), Net Profit.

Name (Code)Relative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
Rank of BA618383
Boeing (BA)55115.3B627.076.6B(636M)133.6B
Raytheon Technologies (RTX)58105.7B482.077B5.5B139.7B
Lockheed Martin (LMT)3597.4B868.459.8B6.2B47.5B
Airbus Group (AIR)8089.2B758.186.1B(1.7B)139.7B
Safran (SAF)7457.2B933.530.7B3B52.3B
Northrop Grumman (NOC)3950.1B811.133.8B2.2B41.1B
General Dynamics (GD)4444B906.639.4B3.5B48.8B
TransDigm Group (TDG)7831.7B944.05.1B514M18.4B
AECC Aviation Power - A Share (600893)9423.3B3,247.73.9B166.9M9.8B

Global Peer Group: Relative Value Indicators

BA is ranked first by Turnover Rate and sixth by P/S.

Name (Code)Country CodeLast PriceP/EP/STurnover Rate (%)% Disc to 52-w Hi
Rank of BA61
Boeing (BA)US$204.321.9955.040.4
Raytheon Technologies (RTX)US$69.202.0157.654.2
Lockheed Martin (LMT)US$347.2714.81.5145.719.9
Airbus Group (AIR)FREUR92.5530.91.071.633.6
Safran (SAF)FREUR114.7519.91.866.724.7
Northrop Grumman (NOC)US$300.7520.41.4163.321.6
General Dynamics (GD)US$153.1713.81.1140.317.8
TransDigm Group (TDG)US$584.9968.26.5177.09.3
AECC Aviation Power - A Share (600893)CNCNY66.905.4156.617.2

10.2 BuySellSignals Fundamentals Valuation Ranking: Boeing vs NYSE Market

Out of 1,804 stocks and 273 units in the NYSE Market, Boeing is ranked Twenty-second by Revenue, 128th by Discount to 52-Wk High, 1201st by Premium to 52-Wk Low and 1210th by Free Cash Flow.

NYSE AvgBARankRank 1Rank 2Rank 3Lowest Rank
Revenue $-76.6 B22 264.9 B XOM256.8 B CVS
Discount to 52-Wk High (%)6.641.312890.2 AHT86.4 KODK85.2 HPR0.04 LH
Premium to 52-Wk Low (%)78.97129.612015.2 TR5.6 NWN7.95 RPLA-
Free Cash Flow(938.8 M) 121040.1 B AAPL31.1 B TD24.3 B VZ
Yield (%)1.61.01134919.3 GEO17.4 USDP16.9 PEI0.02 COO
EBITDA Margin%12.5(2.95)166289.4 MPW87.6 PLD86.97 SPG(87.9) KOPN
Net Profit $-(636 M)251081.4 B BRK.A45.7 B AAPL34.6 B JPM

Negative values are shown in brackets.

10.3 Market Share

Boeing vs Aerospace sector [Aerospace sector Total in Brackets]

Revenue of $76.6 billion[39.2% of aggregate sector revenue of $195.5 billion; down from 48.4% in the previous year.]

10.4 Share in Index

Boeing is a constituent of the following indices. Its market capitalisation accounts for 1.2% of the combined MCap of the Dow Jones Industrials Index.

Index NameMCap of Index ($ B)MCap as % of Index
Dow Jones Industrials Index9,723 1.2
NYSE U.S. 100 Index20,002 0.6
NYSE Composite Index24,070 0.5
S&P 500 Index32,567 0.4

10.5 Global Rank [out of 47,979 stocks] and Rank of Boeing in the American Region [out of 11,948 stocks]

DescriptionValueGlobal RankIn Am Region
MCap ($)115.3B14398
Total Assets ($)133.6B469204
Revenue ($)76.6B14844
Net Profit ($)(636M)42,7479,764
Net Profit Margin %(0.8)27,4014,074
Yield %1.016,4833,284
PV1000 (1Year) $62737,7217,895
$ Change (1Year) %-36.937,2017,873

10.6 Rank of Boeing in the S&P 500 Index [out of 363 stocks], in the Total NYSE Market [out of 1959 stocks] and in the Aerospace sector [out of 12 stocks]

DescriptionValueIn S&P 500 IndexIn Total NYSE MarketIn Aerospace sector
MCap ($)115.3B41481
Total Assets ($)133.6B42572
Revenue ($)76.6B25272
Net Profit ($)(636M)3451,92212
Net Profit Margin %(0.8)3251,37411
Yield %1.02541,2132
PV1000 (1Year) $6273541,8159

10.7 Long-Term Fundamental Ranking: 3 out of 5 [5 is best]

Boeing is ranked number 1 out of 15 listed aerospace companies in the United States with a market capitalization of $115.3 billion.

In the aerospace companies it has the 2nd highest total assets and 2nd highest revenues.

Within its sector it has a relatively moderate Price/Sales of 1.9.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.

SECTION 11 Q3/2020 Institutional Shareholder Activity

EXCEL TABLES ARE AVAILABLE TO EXPORT AS FOLLOWS:

CATEGORISED AND COMPLETE LIST OF 1641 INSTITUTIONAL SHAREHOLDERS AS AT September 30, 2020

http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/PDF/quarterly/xls/BA_Institutional_Shareholder_Activity.xls

SECTION 12 News Archives (Dec 2018 - Sep 2020)

HTML PAGES ARE AVAILABLE TO EXPORT AS FOLLOWS:

http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/Daily/Html/BA_Corporate_Wire.html

Glossary

ADVT: Average Daily Volume of shares Traded

Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Current Ratio: Current Assets/Current Liabiliites (times)

Dividend Yield: Dividend Per Share/Share Price (%)

EBIT Margin : Earnings Before Interest and Tax/Revenue (%)

Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods

PCP: Previous Corresponding Period

PV1000: Present value of 1000 invested 1 year/'n' years ago

Price Close/Moving Avg Price: Latest Price/Moving Average Price

Price/Sales: Share Price/Sales Per Share (times)

Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index

Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.

TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend

Turnover Rate: value of annual trading volume as a percentage of market capitalisation

Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period

Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Created by www.buysellsignals.com