Boeing's cash flow remains impressive, and its services unit is targeting higher-margin growth.
Boeing shares rallied after fourth-quarter earnings that beat consensus and on the back of a solid 2018 outlook. We're moving our fair value to $284 from $243, with lower-than-expected tax rates responsible for $19 of the increase; higher margins and growth in commercial airplanes accounting for $17; and the time value of money making up the rest. Even after the increase, though, shares still look overvalued relative to our discounted cash flow valuation.Fourth-quarter core EPS increased to $4....
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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