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

An analysis godahoppsudden 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, Boeing, McDonnell Douglas and Airbus EADS through but then Boeing bought McDonnell Douglas in 1997 remains now only two, Boeing and European EADS. Boeing parts of its operations godahoppsudden into three parts. Commercial godahoppsudden Airplanes Integrated Defense Systems (IDS) Capital Corporation Leaving aside so we financing is Commercial Airplanes (aircraft manufacture for civilian purposes) customary for about 50% of sales and IDS for the other half. Current bestsellers in Commercial Airplanes is such Boeing 787 Dreamliner.
IDS is in turn divided into three parts. Military Aircraft Network & Space Global Service godahoppsudden & Support. Military Aircraft with products such as the F / A-18 and F-15 accounts godahoppsudden for half of the IDS sales while the others sharing the rest. Network & Space include: a major supplier to the American NASA. Turnover has risen in recent years for Boeing, but it's Commercial Airplanes, which saw its sales growth increase. IDS are relatively stationary. Below is the turnover in billion USD for the two business godahoppsudden 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, State Street, Vanguard and others Provides godahoppsudden company and it is expected godahoppsudden to pay dividends? Yes and giving dividends four times per 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 of 1.94 usd / share, which possibly indicates better times for dividend suktande investors that it has a 7% increase from last year (2012) godahoppsudden
5-year godahoppsudden average is 1.70 USD / share while the gain medium for the same period godahoppsudden 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 godahoppsudden can not share the same way. While many of the other companies for repurchases often twice as much as they are paid, the number of shares of Boeing contrary increased from year to year by about 2-3% annually. Is it perhaps an incentive program that ghosts? Significant godahoppsudden risk to the Company's business is strongly godahoppsudden influenced by external factors such as commodity prices, interest rate changes, godahoppsudden political decisions, and stock market fluctuations? Yes they are affected by political decisions. Also, it seems as if one is relatively cyclical. Is the company dependent on innovative product? Product development is an important part in both the civil aircraft manufacturing defense industry. Proven ability to turn a profit through high and recession, or at least shown the ability to pay dividends during such periods Yes this successful man even if the so-called financial crisis (2008-2009) left their mark and declining profitability. Now, however, reside in the same profit figures innan.2012 godahoppsudden profit was 5.11 USD / share.
When it goes well it seems to deliver gains of around $ 4 billion which transformed gives around and just over 5 usd / aktie.2007 was such also such a year when Boeing made the 5.26 usd / share in profit. Interest-bearing debt less than equity Boeing's Long Term Debt is at $ 9 billion, compared to equity of 5.9 billion USD. In addition there is a large amount of other debts, not least short term. Debt / Equity godahoppsudden is at a staggering 14.07 (2012). I feel very strange for this type of balance. 1/20 the total assets consist of goodwill amounting to about 5 billion in balance sheet. Distribution and growth requirements ROE is sky high because of the high leverage in the balance sheet and therefore quite irrelevant yardstick in this case. The dividend yield as the 5-year average is 2.8% and the dividends have been told that relatively tranquil with a ökningstkat at about 2%, ie the same level as 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 bit about how their pay and reward programs look like because godahoppsudden 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 to fly one of their flyplanstyper. 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. godahoppsudden In military aviation as it competes mainly with Lockheed Martin