Boeing Co Dossier
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SectorIndustrials IndustryAerospace & Defense Beta (adjusted)1.15 Intrinsic Value $254.90median of 5 methods · middle span $199-$275based on filings through 30 Jun 2026 Market Price $192.28Price as of 1 Oct 2026 UndervaluedIntrinsic value is 33% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $152B Enterprise Value $190.3B Shares Outstanding 796.5M diluted Moat Rating None Next Earnings Date4 Nov 2026 Last ex-dividend13 Feb 2020 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Boeing's operating recovery is advancing but remains incomplete. The second quarter delivered 171 commercial aircraft, positive free cash flow and a record $715.261 billion backlog, while the August FAA certification of the 737-7 removed one development milestone. Against those positives, Commercial Airplanes still posted a negative operating margin, Defense recorded another major fixed-price program loss, consolidated debt remained $45.9 billion and the 737-10 and 777X schedules still require execution. With Boeing's issuer-hosted share price at $209.82 on August 28, 2026, the balance of improving volume and cash generation against thin profitability, leverage and certification risk supports a Hold rather than an aggressive directional call. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$246.00 Mean target$274.85 High · most bullish analyst$305.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $246.0024% Certification or production setbacks constrain deliveries, Commercial Airplanes remains loss-making, fixed-price defense charges continue and free cash flow turns negative again. High debt and interest expense then limit financial flexibility. Base CaseCentral scenario $274.8556% Matches the consensus meanCommercial deliveries and cash generation continue improving, but margin recovery is gradual and periodic defense-program charges persist. The 737-10 and 777X programs broadly retain their stated schedules, while debt reduction proceeds more slowly than in the bull case. Bull CaseUpside scenario $305.0020% The 737 production transition proves stable, the 737-10 is certified within 2026, 777X remains on track for first delivery in 2027, delivery growth converts the record backlog into sustained positive cash flow, and Commercial Airplanes margins improve materially. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |