An analysis of Boeing based on my rating criteria. Boeing is the world

An analysis of Boeing based on my rating criteria. Boeing is the world's largest aircraft manufacturer and the second largest in the United States supplier of defense material. Previously, there were three major players in the aerospace sector, space museum huntsville Boeing, McDonnell Douglas and EADS over Airbus but since Boeing bought McDonnell Douglas in 1997 remains now only two, Boeing and European EADS. Boeing parts of its operations into three parts. Commercial Airplanes Integrated Defense Systems (IDS) Capital Corporation Leaves we financing aside I stand Commercial Airplanes (aircraft manufacture for civilian purposes) customary for about 50% of sales and IDS for the other half. Current bestsellers in Commercial Airplanes, for example, Boeing 787 Dreamliner.
IDS is in turn divided into three parts. Military Aircraft Network & Space Global Service and Support. Military Aircraft with products such as the F/A-18 and F-15 are responsible space museum huntsville for half the IDS sales, while the other parts of the rest. Network & Space include a major supplier to NASA. Sales have risen in recent years for Boeing, but it's Commercial Airplanes space museum huntsville which saw its sales growth increase. IDS are relatively stationary. Below is turnover in billions space museum huntsville usd for the two different business areas over the past three years.
Large, mid or equivalent in any of the Nordic exchanges alternatively on the NYSE. Boeing is listed on NYSE.Tickern BA. Owner institutional ownership. Capital World Investors, Evercore Trust Company, space museum huntsville State Street, Vanguard and others Provides company and it is expected to pay dividends? space museum huntsville Yes and giving dividends four times a year. No real dividend growth rates have been shown for the past five years. At least not when adjusted for inflation. Right now the dividend on an annual basis to 1.94 usd / share, which possibly indicates better times for dividend suktande investors that it has a 7% increase from last year (2012)
5-year average is 1.70 usd / share while the gain medium for the same period is 4.08 usd / share. It gives a payout ratio in the profits of 42% on average. Unlike the others in the defense industry such repurchases can not share the same way. While many of the other companies repurchases often twice as much as they are paid, the number of shares of Boeing actually increased from year to year by about 2-3% annually. Is it perhaps an incentive program space museum huntsville that ghosts? There is significant risk that the company's business is strongly influenced by external factors such as commodity prices, interest rate changes, political decisions and stock market fluctuations? Yes they are affected by political decisions. space museum huntsville Also, it seems as if one is relatively cyclical. Is the company dependent on innovative product? Product development space museum huntsville is an important part in both the civil aircraft manufacturing defense industry. Proven ability to turn a profit through high and slump, or at least shown the ability to pay dividends during such periods Yes this if they manage even if the so-called space museum huntsville financial crisis (2008-2009) left their mark and declining profitability. Now, however, reside in the same profit figures space museum huntsville innan.2012 profit was 5.11 usd / share.
When it goes well it seems to deliver gains of around 4 billion usd which transformed gives around and just over 5 usd/aktie.2007 was eg also such a year when Boeing made 5.26 usd / share in profit. Interest bearing debt less than equity Boeing's Long Term Debt is 9 billion usd, compared with the equity on 5.9 billion usd. In addition there is a large amount of other debt, especially short-term. Debt / Equity is at a staggering 14.07 (2012). I feel very strange for this type of balance sheet. 1/20 the total assets consist of goodwill amounting to about 5 billion in balance sheet. Yield and growth requirements ROE is sky high because of the high leverage of the balance sheet and thus a fairly space museum huntsville irrelevant yardstick in this case. The dividend yield of 5-year average is 2.8%, and dividend payments, as I said been relatively quiet, with a ökningstkat of about 2%, ie at the level of inflation. With a fairly low dividend combined with a low growth becomes my assessment that Boeing can not handle kriteriet.Frågan you can ask yourself is where Boeing reported profits goes? Management I friar rather than shed. I have not found any more reason to distrust the lead, but I'm thinking a little about how their pay and reward programs look like because you get to see the share dilution year after year. Information available Yes it is acceptabelt.Det is also possible, for example foreign travel experience space museum huntsville flying space museum huntsville with any of their Airplanes. Market power and market situation, Boeing has both the civilian and the military side an oligopoly. EADS is the only real competitor at the moment in terms of the production of large aircraft. In military aviation as companies compete primarily with Lockheed Martin