January 30, 2019

For today's bulletin, we take a look at Boeing $BA and provide a link to download a copy of our latest stock report on the company.

VALUATION WATCH: Overvalued stocks now make up 22.58% of our stocks assigned a valuation and 8.24% of those equities are calculated to be overvalued by 20% or more. There are no sectors calculated to be overvalued.

If you cannot display this bulletin properly, GO HERE

To subscribe to our bulletins and receive content whenever it is published, subscribe at our blog HERE

--Off We Go

ValuEngine BUY Boeing Projects Increased Sales for 2019

The Boeing Company (BA) is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Boeing has a long tradition of aerospace leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs. Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; designing, building and integrating military platforms and defense systems; creating advanced technology solutions; and arranging innovative financing and service options for customers.

Want to learn more about ValuEngine? Our methods? Our history?
Check out our video presentation HERE.

Earnings continue to come out and we have another company reporting today whose business is heavily dependent on world trade and the strength of the global economy, Boeing. Boeing reported Q4 2018 results this morning and the the numbers were impressive.

Boeing reported fourth-quarter revenue of $28.3 billion, GAAP earnings per share of $5.93 and core earnings per share (non-GAAP)* of $5.48, all company records. Revenue was a record $101.1 billion for the full year reflecting higher commercial deliveries and increased volume across the company.

During the quarter, Boeing delivered 238 airplanes, including the delivery of the 787th 787 Dreamliner and the first 737 MAX Boeing Business Jet. The 737 program delivered 111 MAX airplanes in the fourth quarter, including the first MAX delivery from the China Completion Center, and delivered 256 MAX airplanes in 2018. The first 777X flight test airplane completed final body join and power-on, and the program remains on track for flight testing this year and first delivery in 2020. Boeing booked 262 net orders during the quarter, valued at $16 billion. Backlog remains robust with nearly 5,900 airplanes valued at $412 billion.

Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg noted that

across the enterprise our team delivered strong core operating performance and customer focus, driving record revenues, earnings and cash flow and further extending our global aerospace industry leadership in 2018, Our financial performance provided a firm platform to further invest in new growth businesses, innovation and future franchise programs, as well as in our people and enabling technologies. In the last 5 years, we have invested nearly $35 billion in key strategic areas of our business, all while increasing cash returns to shareholders.

Notable here is that Boeing reported strong demand from China, so that is a positive sign for those worried about tariffs and trade wars. Boeing is particularly sensitive to global trade due to its status as the biggest manufacturer of aircraft in the world.

VALUENGINE RECOMMENDATION: ValuEngine continues its BUY recommendation on Boeing for 2019-01-29. Based on the information we have gathered and our resulting research, we feel that Boeing has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Sharpe Ratio.

You can download a free copy of our summary report on the Boeing Company (BA) from the link below.

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	367.67	0.76%
3-Month	370.41	1.51%
6-Month	380.33	4.23%
1-Year	398.02	9.07%
2-Year	405.43	11.10%
3-Year	427.50	17.15%

Valuation & Rankings
Valuation	13.49% overvalued	Valuation Rank(?)	16
1-M Forecast Return	0.76%	1-M Forecast Return Rank	93
12-M Return	7.07%	Momentum Rank(?)	83
Sharpe Ratio	0.75	Sharpe Ratio Rank(?)	96
5-Y Avg Annual Return	17.20%	5-Y Avg Annual Rtn Rank	93
Volatility	23.04%	Volatility Rank(?)	63
Expected EPS Growth	20.17%	EPS Growth Rank(?)	59
Market Cap (billions)	260.15	Size Rank	100
Trailing P/E Ratio	24.21	Trailing P/E Rank(?)	47
Forward P/E Ratio	20.15	Forward P/E Ratio Rank	26
PEG Ratio	1.20	PEG Ratio Rank	36
Price/Sales	2.65	Price/Sales Rank(?)	36
Market/Book	n/a	Market/Book Rank(?)	n/a
Beta	1.22	Beta Rank	28
Alpha	0.17	Alpha Rank	87

DOWNLOAD A FREE SAMPLE OF OUR BOEING (BA) REPORT BY CLICKING HERE

Steve Hach
Senior Editor
ValuEngine.Com