Boeing Q2 FY12/24 Earnings Review

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Fundamentals Disastrous, Technicals Bullish.

by Alex King, CEO, Cestrian Capital Research, Inc

Boeing financials are awful and getting worse. The chart looks like it’s turning up and usually charts run ahead of financials, so the chart has it.

Financial Fundamentals

Backlog growth is declining, revenue growth is negative, EBITDA margins are mildly negative and cashflow margins are a disaster area. The company is 69x TTM EBITDA levered! If stocks traded on actual company numbers, BA stock would be on the floor and heading for the basement.