Boeing's Outlook for 2017 Leads to Minimal FVE Changes for This Wide-Moat Company
This past week, Boeing’s CEO made comments on 2017 revenue, profits, and cash flows. While this didn’t amount to formal guidance, it did prompt us to review our assumptions and, by extension, our fair value estimate. However, we only derived a $1 positive impact on our fair value estimate, which we raised to $141 from $140.CEO Dennis Muilenburg expects “flattish†revenue in commercial aircraft and defense for 2017 versus 2016. The defense outlook comes as no surprise given the headwinds that B...
The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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