The Boeing Company (BA)
Quantitative Summary
DeterministicBA trades at 91.7x earnings — a 105% premium to its sector average of 44.7x — without a dominant ROIC-WACC spread. Strong operational fundamentals (Piotroski 7/9) with Altman Z of 1.6.
Generated deterministically from quant metrics and financial statements. Not a recommendation.
Algorithmic Teardown
AI-GeneratedThe fundamental economics of this industrials leader present a stark dichotomy between historical capital efficiency and current leverage-driven returns. The negative ROIC-WACC spread of -2.8% indicates that the business is currently destroying value relative to its cost of capital, yet earnings per share are being artificially expanded by an equity multiplier of 30.83x within the DuPont decomposition. While a Piotroski F-Score of 7/9 suggests strong balance sheet fundamentals and financial health, this strength contrasts sharply with a low Altman Z-Score of 1.5, signaling elevated bankruptcy risk despite robust revenue growth of 34.5% year-over-year. The Beneish M-Score of -2.98 further supports the integrity of reported earnings, ruling out significant manipulation concerns in an environment where net margins remain thin at just 2.5%.
Valuation metrics reflect extreme market optimism that appears disconnected from underlying profitability drivers. Trading at a forward P/E of 84.0x versus a sector average of 32.1x implies the market is pricing in sustained high growth and margin expansion, yet the weak profitability factor (RMW) alpha of -0.293 highlights persistent operational inefficiencies. This disconnect suggests current equity valuations are heavily reliant on future expectations rather than realized cash flow generation, creating a significant premium over historical norms that may not be justified by the company's ability to convert assets into returns without further leverage increases.
The risk-reward profile is complicated by divergent factor signals and insider behavior. Although the stock exhibits strong momentum characteristics with a Fama-French alpha of 10.98% annually, this outperformance coincides with notable net insider selling totaling $4.48 million over the last ninety days. The positive value tilt (HML: 0.112) suggests potential mean reversion benefits if growth slows, but the combination of high valuation multiples, weak profitability factors, and active executive divestiture creates a complex environment where short-term alpha generation may conflict with long-term capital preservation goals.
Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.
Valuation Context
Currently trading 1% above its 5-year average P/E of 86.7x.
Price Chart with Moving Averages
Technical Setup
AI GeneratedThe Boeing Company shares are currently trading at $222.20, a price point that requires contextualization against its moving average envelope to assess relative value. Without specific upper and lower band parameters from the provided data, it is impossible to definitively state whether this level represents an extreme deviation or a consolidation zone within the broader trend structure. In technical analysis frameworks relying on mean reversion, prices trading significantly below the central moving average often suggest potential statistical overextension toward fair value, whereas levels near the upper boundary might indicate temporary momentum exhaustion. The current valuation of $222.20 sits at a specific juncture where historical volatility patterns would dictate whether this price acts as support for further appreciation or resistance against upward pressure. The positioning within an SMA envelope typically signals how far the asset has strayed from its long-term average, which is a key metric for identifying potential reversal points rather than continuation trends. If the current price were situated near the lower boundary of such an envelope, it would imply that market sentiment may be pricing in excessive caution relative to recent averages, theoretically increasing the probability of a bounce back toward the mean over time. Conversely, proximity to the upper limit could suggest the asset is priced optimistically compared to its historical trajectory, potentially inviting profit-taking as statistical norms reassert themselves. Observers must weigh these positional dynamics against sector-wide Industrials trends and broader market conditions to determine if $222.20 represents a statistically attractive entry point or an overval
Quant Health Deep Dive
Profitability & Value Creation
DuPont Analysis — ROE Decomposition
Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.
Balance Sheet Health
Insider Activity (Last 90 Days)
Open-market buys vs sells by company insiders. Source: yfinance.
Earnings Surprise History
EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.
Dividend History
| Date | Amount | Change |
|---|---|---|
| 2020-02-13 | $2.0550 | 0.0% |
| 2019-11-07 | $2.0550 | 0.0% |
| 2019-08-08 | $2.0550 | 0.0% |
| 2019-05-09 | $2.0550 | 0.0% |
| 2019-02-07 | $2.0550 | +20.2% |
| 2018-11-08 | $1.7100 | 0.0% |
| 2018-08-09 | $1.7100 | 0.0% |
| 2018-05-10 | $1.7100 | 0.0% |
| 2018-02-08 | $1.7100 | +20.4% |
| 2017-11-09 | $1.4200 | 0.0% |
| 2017-08-09 | $1.4200 | 0.0% |
| 2017-05-10 | $1.4200 | 0.0% |
Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this stock's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Fundamentals
Passive Flow Attribution
ETF Draft EffectWhen investors buy or sell ETFs like ITA or XLI, the fund manager is mechanically forced to buy or sell BA shares regardless of The Boeing Company's individual fundamentals. We estimate $21.8B of passive capital is structurally linked to BA through 8 tracked ETFs. This substantial passive exposure means that ETF inflows and outflows — not company fundamentals — can dominate daily volume on this stock.
Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.
ETF Contagion Visualizer
Simulate a price drop in The Boeing Company to visualize passive redemption contagion across ETFs and collateral stocks.
If The Boeing Company (BA) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies GE Aerospace (GE) as the most exposed collateral stock, sharing 1 ETFs with BA. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.
Contagion model based on shared ETF exposure and constituent weights across 32 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.
BA Ownership Dynamics
Passive funds hold 1 in every 8 BA shares, reducing daily market volatility.
The Boeing Company (BA) exerts measurable gravity on the passive index market, currently representing 10.2% of the ITA (ITA) and 3.2% of the State Street Industrial Select Sector SPDR ETF (XLI). Across 30 tracked ETFs, approximately 98M shares (12.4% of float) are held by passive funds and rarely trade on the open market. This level of passive ownership means index rebalances can create outsized volume events.
ETFs with Highest BA Exposure
Float lock-up computed from 30 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).
BA Institutional Volume Profile
252-day volume distribution by price level. The Point of Control (POC) marks — the price where the most institutional volume transacted — an implicit support/resistance floor.
The highest-volume price zone for The Boeing Company over the past year sits near $217.50 (11% of 252-day volume). The current price of $217.70 trades 0.1% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target.
Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.
BA Capital Efficiency
How efficiently does The Boeing Company convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.
The Boeing Company converts -26% of its EBITDA into free cash flow, negative FCF conversion — the company is consuming cash faster than it generates EBITDA, which is unsustainable long-term. The 126% reinvestment rate signals aggressive capacity expansion. However, the ROIC-WACC spread is negative (-3.0%), suggesting reinvested capital is destroying shareholder value.
Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.
Fails-to-Deliver (FTD) History
SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.
| Date | Failed Shares | Close Price | Notional Value |
|---|---|---|---|
| 2026-05-11 | 5,400 | $237.36 | $1.3M |
| 2026-05-08 | 25,489 | $231.03 | $5.9M |
| 2026-05-01 | 42,693 | $229.03 | $9.8M |
| 2026-04-27 | 7,902 | $232.44 | $1.8M |
| 2026-04-24 | 12,272 | $234.15 | $2.9M |
| 2026-04-23 | 12,170 | $231.28 | $2.8M |
| 2026-04-21 | 14,584 | $225.08 | $3.3M |
| 2026-04-20 | 21,327 | $223.38 | $4.8M |
| 2026-04-16 | 732 | $223.93 | $163,916.76 |
| 2026-04-15 | 6 | $223.77 | $1,342.62 |
| 2026-04-14 | 133 | $222.14 | $29,544.62 |
| 2026-04-13 | 9,146 | $217.63 | $2.0M |
| 2026-04-10 | 959 | $220.06 | $211,037.54 |
| 2026-04-07 | 300 | $212.30 | $63,690 |
| 2026-04-06 | 3,938 | $208.22 | $819,970.36 |
| 2026-04-01 | 13 | $199.03 | $2,587.39 |
| 2026-03-25 | 287 | $196.42 | $56,372.54 |
| 2026-03-24 | 5,729 | $198.41 | $1.1M |
| 2026-03-23 | 67 | $195.12 | $13,073.04 |
| 2026-03-20 | 5 | $201.18 | $1,005.9 |
| 2026-03-13 | 95 | $204.76 | $19,452.2 |
| 2026-03-12 | 38 | $214.10 | $8,135.8 |
| 2026-03-10 | 64 | $225.00 | $14,400 |
| 2026-03-09 | 1,421 | $231.11 | $328,407.31 |
| 2026-02-26 | 7 | $230.36 | $1,612.52 |
| 2026-02-23 | 400 | $232.03 | $92,812 |
| 2026-02-17 | 1,100 | $242.96 | $267,256 |
| 2026-02-13 | 91 | $239.35 | $21,780.85 |
| 2026-02-12 | 21,385 | $236.26 | $5.1M |
| 2026-02-11 | 957 | $242.59 | $232,158.63 |
Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.
SEC Comment Letters
SEC correspondence with the company regarding their filings. Comment letters often flag disclosure deficiencies, accounting concerns, or material omissions.
Source: SEC EDGAR correspondence. Comment letters are public records of SEC staff review of company filings.
Price Correlations
Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.
| Peer | 252-Day (1Y) | 126-Day (6M) | Direction |
|---|---|---|---|
| WTGXX | NaN | NaN | |
| HXL | 0.426 | 0.400 | Moderate |
| SARO | 0.411 | 0.459 | Moderate |
| BLD | 0.387 | 0.428 | Moderate |
| GE | 0.386 | 0.419 | Moderate |
| ALV | 0.383 | 0.404 | Moderate |
| ATI | 0.376 | 0.346 | Moderate |
| HWM | 0.372 | 0.410 | Moderate |
| NL0009538784 | 0.366 | 0.388 | Moderate |
| VRTPX | 0.366 | 0.319 | Moderate |
Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.
Compare BA to Peers
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.