Stock Analysis on Net

Boeing Co. (NYSE:BA)

Enterprise Value (EV)

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Current Enterprise Value (EV)

Boeing Co., current enterprise value calculation

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Current share price (P) $127.14
No. shares of common stock outstanding 591,635,833
US$ in millions
Common equity (market value)1 75,221 
Add: Noncontrolling interests (per books) 153 
Total equity 75,374 
Add: Short-term debt and current portion of long-term debt (per books) 1,296 
Add: Long-term debt, excluding current portion (per books) 56,806 
Total equity and debt 133,476 
Less: Cash and cash equivalents 8,052 
Less: Short-term and other investments 8,192 
Enterprise value (EV) 117,232 

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 127.14 × 591,635,833


Historical Enterprise Value (EV)

Boeing Co., EV calculation

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2 $200.24 $195.84 $318.27 $404.91 $343.80
No. shares of common stock outstanding1 582,999,765 582,996,860 563,152,208 564,985,109 588,490,313
US$ in millions
Common equity (market value)3 116,740  114,174  179,234  228,768  202,323 
Add: Noncontrolling interests (book value) 153  241  317  71  57 
Total equity 116,893  114,415  179,551  228,839  202,380 
Add: Short-term debt and current portion of long-term debt (book value) 1,296  1,693  7,340  3,190  1,335 
Add: Long-term debt, excluding current portion (book value) 56,806  61,890  19,962  10,657  9,782 
Total equity and debt 174,995  177,998  206,853  242,686  213,497 
Less: Cash and cash equivalents 8,052  7,752  9,485  7,637  8,813 
Less: Short-term and other investments 8,192  17,838  545  927  1,179 
Enterprise value (EV) 158,751  152,408  196,823  234,122  203,505 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 200.24 × 582,999,765

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 decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.