Stock Analysis on Net

Boeing Co. (NYSE:BA)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Boeing Co., current enterprise value calculation

Microsoft Excel
Current share price (P) $151.02
No. shares of common stock outstanding 616,167,165
US$ in millions
Common equity (market value)1 93,054
Add: Noncontrolling interests (per books) 5
Total equity 93,059
Add: Short-term debt and current portion of long-term debt (per books) 5,204
Add: Long-term debt, excluding current portion (per books) 47,103
Total equity and debt 145,366
Less: Cash and cash equivalents 12,691
Less: Short-term and other investments 3,274
Enterprise value (EV) 129,401

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 151.02 × 616,167,165


Historical Enterprise Value (EV)

Boeing Co., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $211.04 $211.17 $200.24 $195.84 $318.27
No. shares of common stock outstanding1 610,135,205 598,239,585 582,999,765 582,996,860 563,152,208
US$ in millions
Common equity (market value)3 128,763 126,330 116,740 114,174 179,234
Add: Noncontrolling interests (book value) 5 35 153 241 317
Total equity 128,768 126,365 116,893 114,415 179,551
Add: Short-term debt and current portion of long-term debt (book value) 5,204 5,190 1,296 1,693 7,340
Add: Long-term debt, excluding current portion (book value) 47,103 51,811 56,806 61,890 19,962
Total equity and debt 181,075 183,366 174,995 177,998 206,853
Less: Cash and cash equivalents 12,691 14,614 8,052 7,752 9,485
Less: Short-term and other investments 3,274 2,606 8,192 17,838 545
Enterprise value (EV) 165,110 166,146 158,751 152,408 196,823

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Boeing Co. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 211.04 × 610,135,205

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Boeing Co. EV increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.