Scan how Boeing's latest widebody and defense deals compare with other aviation players by hunting through our hand picked list of solid balance sheet and fundamentals (26 results) for your next watchlist candidate.
Boeing is still an investment about patience. To own the stock, you need to believe the large commercial backlog and growing defense programs can eventually outweigh current issues in loss making commercial operations, heavy debt and lingering production challenges on the 737 MAX and 787. The near term swing factor remains how cleanly Boeing can stabilize output and deliveries while keeping safety and quality front and center.
These September announcements mostly reinforce that airlines and defense customers continue to commit to Boeing platforms rather than change the short term story. They do not remove the key risk around cash generation relative to US$53.3b of debt or the exposure to supply chain disruption, but they add more contractual visibility if execution improves.
The Ethiopian Airlines order for eight 777-8 Freighters and two 777 Freighters looks most relevant here. It extends Boeing’s widebody freighter backlog and ties Ethiopian more tightly to the 777X family after its earlier 777-9 purchase. For an investor, that speaks directly to the long dated demand thesis behind Boeing’s commercial franchise rather than to near term margin repair.
This commitment also leans into key catalysts already flagged by analysts. A larger installed base of 777F and 777-8F aircraft can support future services revenue, while scale on the 777-8 Freighter program could help spread fixed costs if Boeing executes on production and certification. The flip side is clear. Any delay or quality issue on 777X would now affect an even broader set of customers and keep pressure on profitability and cash flow.
Boeing's narrative projects US$125.6b revenue and US$7.9b earnings by 2029. That profile assumes 10.9% yearly revenue growth and an earnings increase of US$6b from US$1.9b today.
Uncover how Boeing's fair value indicates a 39% potential upside to its current price before a closing gap forces investors to reassess expectations.
One alternate view on Boeing leans hard into defense. The most optimistic analysts already modeled revenue of US$132.7b and earnings of US$11.7b by 2028, helped by faster growth and higher margins. Those forecasts pre date the F/A-XX award and Ethiopian freighter deal, so you may see those narratives shift.
Explore 6 other Boeing fair value estimates, including one that suggests there could be as much as 100% upside from the current price!
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
If Boeing has you thinking about where to deploy fresh capital next, it can help to scan a broader mix of companies with different strengths and risk profiles using the Simply Wall St Screener.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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