BA – Market expectations are for record-high Uniform ROA, but management has concerns about their backlog, new products, and initiatives
June 1, 2018
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- The Boeing Company (BA:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 24.4x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about their backlog, new products, and initiatives
- Specifically, management may have concerns about the sustainability of their strong backlog, and may lack confidence in their new products and services in their BGS segment. Furthermore, they may lack confidence in their ability to build their Chinese completion center by the end of this year, and may also lack confidence in their productivity initiatives
