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October 22, 2014


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VALUATION WATCH IS OFF: Undervalued stocks now make up 54.32% of our stocks assigned a valuation and 18.5% of those equities are calculated to be undervalued by 20% or more.  Seven sectors are calculated to be undervalued--two by double digits.

Boeing Going Boing?

--Boeing Posts Great Numbers, Rides Efficient New Passenger Jet Boom

The Boeing Company (BA) is one of the world's major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications.

As the latest round of earnings progresses this week, Boeing has posted some great numbers. The company reported a profit of @ $1.36 billion or $1.86/share--and increase over last year's Q3 figure of $1.51/share. The company reported a 17% increase in earnings for Q3. And, better yet, the company also reported a record backlog of orders thus indicating that the good numbers may be an ongoing trend.

The Wall Street Journal notes that Boeing is boosting its sales thanks to high demand from China as well as an overall move towards newer, more fuel-efficient aircraft designed to mitigate the impact of higher fuel costs. However, all the news isn't golden for the company. US budget cuts at the Pentagon will trim some of the company's defense business. In 2003, defense spending accounted for 56% of Boeing's sales vs. 38% in 2013. They are lacking a big cash-cow military fighter aircraft at the moment--they lost that battle with Lockheed when the DoD decided to go with the F-35.

ValuEngine continues its BUY recommendation on BOEING CO for 2014-10-21. Based on the information we have gathered and our resulting research, we feel that BOEING CO has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Sharpe Ratio.

Below is today's data on BA:


ValuEngine Forecast
 
Target
Price*
Expected
Return
1-Month
127.69 0.45%
3-Month
128.90 1.40%
6-Month
130.35 2.54%
1-Year
133.95 5.37%
2-Year
133.54 5.05%
3-Year
116.62 -8.26%

Valuation & Rankings
Valuation
4.20% undervalued
Valuation Rank(?)
60
1-M Forecast Return
0.45%
1-M Forecast Return Rank
82
12-M Return
4.65%
Momentum Rank(?)
61
Sharpe Ratio
0.77
Sharpe Ratio Rank(?)
90
5-Y Avg Annual Return
17.11%
5-Y Avg Annual Rtn Rank
85
Volatility
22.13%
Volatility Rank(?)
78
Expected EPS Growth
3.48%
EPS Growth Rank(?)
21
Market Cap (billions)
92.70
Size Rank
100
Trailing P/E Ratio
15.81
Trailing P/E Rank(?)
72
Forward P/E Ratio
15.28
Forward P/E Ratio Rank
50
PEG Ratio
4.54
PEG Ratio Rank
5
Price/Sales
1.05
Price/Sales Rank(?)
66
Market/Book
15.35
Market/Book Rank(?)
7
Beta
1.12
Beta Rank
45
Alpha
-0.10
Alpha Rank
51

 

ValuEngine Market Overview

Summary of VE Stock Universe
Stocks Undervalued
49.79%
Stocks Overvalued
50.21%
Stocks Undervalued by 20%
17.35%
Stocks Overvalued by 20%
13.82%

ValuEngine Sector Overview

Sector
Change
MTD
YTD
Valuation
Last 12-MReturn
P/E Ratio
0.89%
1.16%
1.11%
5.20% overvalued
3.27%
23.33
1.33%
-1.86%
-2.28%
3.99% overvalued
-1.32%
20.94
1.46%
0.52%
-6.43%
3.28% overvalued
-4.70%
23.32
1.45%
0.62%
9.08%
2.83% overvalued
11.05%
29.17
0.79%
0.35%
2.26%
2.68% overvalued
2.21%
17.04
0.78%
0.76%
6.00%
2.61% overvalued
3.51%
20.84
1.02%
-0.78%
-6.01%
2.47% overvalued
-1.46%
26.53
2.35%
-0.81%
4.22%
0.97% overvalued
7.56%
18.51
0.75%
-3.32%
-4.62%
0.46% overvalued
10.68%
20.33
1.47%
-3.13%
-0.68%
0.33% undervalued
-0.99%
30.09
1.80%
0.65%
-1.38%
1.93% undervalued
0.40%
23.81
1.57%
-1.16%
-5.59%
4.41% undervalued
-1.99%
21.50
1.81%
-3.32%
-4.80%
6.16% undervalued
-5.98%
15.40
1.42%
0.76%
-3.10%
8.26% undervalued
-1.43%
23.46
1.18%
-2.50%
-3.10%
10.38% undervalued
-7.81%
24.72
1.56%
-7.93%
5.37%
11.57% undervalued
-9.74%
23.64

 

 

 

 

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