- The Boeing Company (BA) currently trades above corporate and historical averages relative to Uniform earnings, with a 45.0x Uniform P/E (Fwd. V/E’).
At these levels, markets are pricing in expectations for Uniform ROA to recover to 8% in 2023, accompanied by 4% Uniform asset growth.
Similarly, analysts expect Uniform ROA to improve to 8% in 2023, accompanied by 4% Uniform asset growth.
If sustained going forward, these levels would imply a stock price closer to $109, representing approximately 27% equity downside for the firm.
Moreover, the firm’s most recent earnings call suggests management may have concerns about the demand in China, plane launches, and operating issues.