Boeing Co, 02 13 2012.Peer Benchmark

In: Business and Management

Submitted By ferronus
Words 3368
Pages 14
Peer Benchmark Report Boeing Co, February 13, 2012

Boeing Co
Financial health declining, but still very strong Financial Period: Dec 31, 2011, (fiscal YE 2011) FHR: 82
Risk Level: Low Risk Annual Delta: -1 rating points Quarterly Delta: Flat Ticker: BA Table 1: Financial Health Rating (FHR)
Financial Period End Financial Health Rating Annual Delta

Publication Date: February 13, 2012 Sector: Aerospace and Defense (61 firms)
History 2008 12/31/08 69 -14 2009 12/31/09 66 -3 2010 12/31/10 83 17

Current 2011 12/31/11 82 -1

Sector 2011 9/30/11* 59.1 2.0

Low Risk (80 – 100) Moderate Risk (60 – 79) Medium Risk (40 – 59) * 9/30/11 represents the most frequent period end date current for companies in the sector.

High Risk (20 – 39)

Very High Risk (0 – 19)

Figure 1: FHR Trend, YE 2008 to YE 2011 Boeing Co's Financial Health Rating (FHR™) was a very impressive 82 (0=worst, 100=best) for the four quarters ending December 31, 2011, and represents a 1 point downgrade as compared to a year earlier.

100 80 60

Sector

FHR

Investment Grade Threshold

FHR

40 20 0 Mar-09

Sep-09

Mar-10

Sep-10

Mar-11

Sep-11

Boeing Co is currently rated higher than the sector average, at 82 compared to 59.1. The orange line in Figure 1 above represents the equal weighted average for the sector.

Section 1: Boeing Co's Peer Ratio Analysis
2008 2009 17.20 1.10 2.11 1.07 0.56 5.81 6.25 19.69 109.31 45.81 32.89 n/a n/a -0.21 2010 19.38 0.94 4.82 1.15 0.46 4.34 9.62 16.73 171.20 54.32 32.39 n/a n/a -0.38 2011 18.72 0.86 5.02 1.21 0.43 3.43 11.69 12.52 210.64 54.92 33.29 0.88 n/a -0.43 Sector 24.75 0.95 4.59 2.55 1.61 0.25 11.86 12.61 103.06 38.94 62.65 0.21 0.05 0.35

Table 2: Financial Ratios

Profitability Ratios Gross Profit Margin (%) Sales to Assets (%) Return on Assets (%) Liquidity Ratios Current Ratio Quick Ratio Leverage Ratios Debt to…...

Similar Documents

Project Management Benchmark Report 2012

...This, our seventh annual report once again aims to provide a unique snapshot of the UK’s Programme and Project Management market, taking data for 2011 and forecasts for 2012 and then providing context against data collected in previous years. 2011 provided another tough year for UK PLC with both home-grown and international factors providing a broad set of challenges. Inflation remains well ahead of the Monetary Policy Committees target of 2% hitting a 19 year high in September of 5.2%, whilst unemployment also hit a 17 year high in December at 8.4% . In the Public sector spending remained positive in the first half of 2011 and whilst we have seen the first impacts of the Governments fiscal policy kick in, it is not hard to believe that we have not yet seen the full impact of this policy. The Private sector did manage to create some new jobs during 2011 but confidence remained low and susceptible to external events such as the uncertainties around the Euro and the economies of Greece, Spain and Italy. Meanwhile with rising rents and a drop in consumer spending and confidence, the retail sector was one of the hardest hit in 2011. So it is against a pretty negative backdrop that we have undertaken this current survey, with a carry over of gloom and uncertainty as we move into 2012. Some of the highlights of the PMBR include; • The number of unemployed PPM Practitioners dropped year on year by 5%, though it would appear that self employment appears to be the......

Words: 522 - Pages: 3

Boeing Co. and Eads Airbus: Oligopolistic Competition and the Effects in the Managerial Decisions

...Boeing Co. and EADS Airbus: Oligopolistic Competition and the Effects in the Managerial Decisions. Carlos Fermin Jahn Pace University Business 150 – Contemporary Business Practice Executive Summary……………………………………………………………..............………..3 Introduction………………………………………………………………………..............……...4 Definition of Market Structures……………………………………………….….............…….5 Competition…………………………………………………………….….............……..5 Oligopoly…………………………………………………………………..............……..5 Table 1. Differences between Competition and Oligopoly…………..............…….6 The Global Market Structure for Large Civil Aircraft Manufacturers…….............……..6 Figure 1. Flow of Large Civil Aircraft (LCA) Production…………............……..7 Figure 2. Large Civil Aircraft (LCA) Markets Distribution………............………7 Competitive Criteria: Airbus vs. Boeing Co…………………………………................…….8 A) Competition by Outsourcing……………………………………...…...................8 B) Competition by the Use of Technology……………………………….…..….…...8 B.1. Uses of Composite………………………………………………....…..…8 B.2. Fly-by-Wire………………………………………………………..………9 C) Competition in the Global Market…………………………………...…..….……9 Table 2. Orders by Company (2005-2011)……………………….....…….10 Table 3. Deliveries by Company (2005-2011)……………………..……..10 Graph 1. Deliveries and Orders Overly by Company (2005-2011)..…10 D) Effects of Competition in......

Words: 2755 - Pages: 12

Boeing

...and Approach AERO cover photo: 777 APU exhaust bay. AERO contents 03 building better communication Four years ago, we reintroduced AERO magazine in response to a boeing customer support survey. late last year, we went back to you to find out how well we are doing. 07 New Air Traffic Surveillance Technology Air traffic service providers and regulators are moving toward airspace and flight operations to enable greater flexibility and adaptability along with assuring improved traffic flow, capacity, efficiency and safety. A key part is the transition from radar to ADS‑b surveillance. 07 15 complying with the Aging Airplane Safety rule new materials help operators comply with the u.S. Federal Aviation Administration’s new rule on aging airplane safety. 21 15 new tool for collaboration on in‑Service issues 21 boeing introduces a new collaboration platform that integrates two previous elec‑ tronic bulletin boards in a single application and includes a number of new features. 25 Fuel conservation Strategies: Descent and Approach 25 www.boeing.com/c o m m e r c i A l / A e r o m A g A z i n e the descent and approach phases of flight are the flight crew’s final opportunities to reduce fuel consumption. i s sue 38_ q u arter 02 | 2010 01 AERO Publisher Design Cover photography Editorial Board Shannon Frew methodologie Jeff corwin gary bartz, Frank billand, richard breuhaus,......

Words: 10353 - Pages: 42

Boeing Working Capital

...Boeing Working Capital – FI515 Managerial Finance 1 Hector Rueda TABLE OF CONTENTS Introduction, Company Overview ………….. ……………………………………… Risk factors …………………………………………………………………………... Boeing Balance Sheet ……………………………….……………………….………. 2 3 4 Boeing income Statement . …………………………………………………….……. 18 Boeing Working Capital………………………………………………………….…… 24 Boeing Valuation.…………………………………………………………….……… 29 Conclusion …………………………………………………………………….…….. 37 References …. ……………………………………………………………………….. 38 Appendix Financial Statements & Ratios..…………………………………………………….. Discounted Free Cash Flow projection …………………………………………….. CAGR ………………………………………………………………………………. Terminal Value …………………………………………………………………….. 40 46 47 47 1 Introduction William Boeing founded the Boeing in 1916, in the midst of World War I (U.S. Centennial of Flight Commission, 2011). Since then the company just took off to become “world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training” (Boeing 10K). Methodology We used various sources to gather our information, primary sources as well as secondary,......

Words: 14636 - Pages: 59

Lit1 Task 310.1.5-02, 11, 13.Docx

...– If you die, the business is dissolved. If you file bankruptcy, the business is also dissolved. * Control – It is controlled by each member of the business. * Profit Retention - If there is a profit, you must file on your personal income tax. * Location – Register with your State. * Convenience/Burden – It is easy to start a business, you will need to file articles of organization with the State and pay required fees. If a member terminates their relationship or dies, the relationship to the company is terminated. Also, if there is a member capable of continuing the business, he may do so. Part B MEMORANDUM TO: Business FROM: Renee Camel SUBJECT: Business Recommendation DATE: December 8, 2012 ______________________________________________________________________________ I am highly recommending that we look at a Limited Liability Company (LLC). Following are some advantages for the LLC: 1. The owner or owners receives all the profits. 2. The owners has total control of the company. 3. You can allow either individuals or entities to buy in as a member/partner. 4. Allows foreign ownership. 5. Family businesses tend to be LLC’s because they can keep control in the family. 6. Limited partnership offers the members/partners limited financial liability; are able to take tax deductible depreciation and business losses on their own tax return. 7. An LLC can continue even if the owner passes away. ......

Words: 1592 - Pages: 7

Task 310.1.5-02, 11, 13 0912

...SUBDOMAIN 310.1 - BUSINESS LAW Competency 310.1.5: Labor and Employment Law - The graduate can determine whether business activities in a given situation violate specific labor and employment laws. Objective 310.1.5-02: Evaluate a given situation to determine how the provisions of the Family and Medical Leave Act of 1993 would apply. Objective 310.1.5-11: Analyze a given situation to determine whether a violation of the Age Discrimination in Employment Act of 1967 has occurred. Objective 310.1.5-13: Analyze a given situation to determine whether there has been a violation of the Americans with Disabilities Act of 1990. Introduction: Human resource departments are responsible for effectively, legally, fairly, and consistently attempting to maximize an organization’s return on its human capital investment while minimizing financial risk. Given: As director of human resources at Company X, a company with over 75 employees, you are charged with oversight of hiring and employment practices at the company, including compliance with federal regulations against discrimination in hiring and employment. You work with department managers to assist them in dealing with hiring and employment issues, and to ensure they are in compliance with pertinent federal law regarding the treatment of employees. Three situations have come to the attention of the company’s senior vice-president of operations, who has asked you to analyze each situation, and submit a report regarding whether certain......

Words: 761 - Pages: 4

Boeing

...Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Boeing has a long tradition of aerospace leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs. Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; integrating military platforms, defense systems and the warfighter through network-enabled solutions; creating advanced technology solutions; and arranging innovative customer-financing options. With corporate offices in Chicago, Boeing employs more than 170,000 people across the United States and in 70 countries. This represents one of the most diverse, talented and innovative workforces anywhere. More than 140,000 employees hold college degrees -- including nearly 35,000 advanced degrees -- in virtually every business and technical field from approximately 2,700 colleges and universities worldwide. Our enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers......

Words: 6266 - Pages: 26

Lit1 - Task 2 - 310.1.5-02, 11, 13 0912

...LIT1 - Task 2 - 310.1.5-02,_11,_13_0912 Family Medical Leave act of 1993 The Family Medical Leave act of 1993 (FMLA) ensures that personnel of companies with 50 or more employees, who work within a 75 mile radius of those in need of the leave, are able to take time off in order to balance their personal obligations with their employment commitment. An employee will qualify for family leave if • they need time off for a serious health condition • or a close family member requires care because of a serious health condition and • they have worked for their employer for at least 1 year • and they worked at least 1250 hours for the employer in that year • and they notify the company • and fill out the necessary paperwork in a timely manner The leave requested by the employee is unpaid and the employer must maintain the employee’s benefits during their time of leave. When the employee is able to return to work they must be restored to the position they held when they began their leave at the same pay and benefit rate. If the employee cannot perform the job function they performed at the time of the leave request they must be given an alternative position at their previous pay and benefit rate. In our case since Company X qualifies as a company that needs to abide by the FMLA requirements and Employee A met the requirements for time off to care for his wife and premature twins, Employee A was permitted leave from his employment duties for this purpose. On Employee......

Words: 1046 - Pages: 5

B.Tech (Eee) Syllabus for 2012-13 Admitted

...GITAM UNIVERSTIY (Declared as Deemed to be University U/S 3 of UGC Act, 1956) [pic] REGULATIONS & SYLLABUS Of B.Tech. (Electrical & Electronics & Engineering) (W.e.f 2012-13 admitted batch) Gandhi Nagar Campus, Rushikonda VISAKHAPATNAM – 530 045 Website: www.gitam.edu REGULATIONS (W.e.f. 2012-013 admitted batch) 1. ADMISSIONS 1. Admissions into B.Tech (Electrical & Electronics Engineering) programme of GITAM University are governed by GITAM University admission regulations. 2. ELIGIBILTY CRITERIA 1. A pass in 10+2 or equivalent examination approved by GITAM University with Physics, Chemistry and Mathematics. 2. Admissions into B.Tech will be based on an All India Entrance Test (GAT) conducted by GITAM University and the rule of reservation, wherever applicable. 3. STRUCTURE OF THE B.Tech. PROGRAMME 3.1 The Programme of instruction consists of: i) A general core programme comprising Basic Sciences, Basic Engineering, Humanities & Social Sciences and Mathematics. ii) An engineering core programme imparting to the student the fundamentals of engineering in the branch concerned. iii) An elective programme enabling the students to take up a group of departmental / interdepartmental courses of interest to him/her. In addition, a student has to i)...

Words: 3379 - Pages: 14

Lit1 Task 310.1.5-02, 11, 13

...to the Situation For the given situation, Employee B is over 40 years old so this law applies to the situation. The company also has more than 20 employees, therefore the company must obey the law. The rules of this law prohibit discrimination based on age which is what is being claimed. Discrimination includes the denial of a promotion based on the age of the employee. Conclusion if a Violation Occurred Company X committed a violation of the law because they denied Employee B a promotion based on their age. Even though Employee B had been doing an above average job according to their last performance review, Company X decided to promote Employee B’s younger co-worker who was only doing adequate based on theirr last performance review. Based on the performance review the company could not argue the fact that the co-worker was more qualified. Situation C - Americans with Disabilities Act Rules of the Law The Americans with Disabilities Act of 1990 is a federal law that prohibits discrimination against people with disabilities. It applies to all companies with 15 or more employees. The term disability can be open to interpretation as the law does not state specific disabilities. According to the law a person is disabled if they have a physical or mental impairment that limits one or more life activity. Both short term and long term disabilities are covered under the law. Therefore, a company must provide reasonable accommodations for both someone who has a broken......

Words: 1450 - Pages: 6

310.1.5-02, 11, 13

...discrimination based on age. ADEA was basically designed to help those employees that are 40 years of age and above. It applies to things such as acquisition of workers, remunerating them, granting them promotions, and ending their employment contract. The Age Discrimination in Employment Act has been violated in situation B. Based on the given information, employee B was denied solely because of his age. ADEA states that the employer cannot discriminate because of someone’s age unless there is a bona fide occupational qualification (BFOQ). This means that the company must be able to show that employee B cannot adequately perform the functions of the job. In this particular example, the 68 year old employee is outperforming his 32 year old co-worker, so one has to believe that he has been denied promotion due to his age and for no other reason. Situation C – The Americans with Disabilities Act (ADA) The Americans with Disabilities Act (ADA) was authored by Senator Tom Harkin and endorsed by The Congress in 1990, hence the term ‘The American Disabilities act of 1990’. This subsection of the United States Department of Labor, Wage and Hours Division, protects all individuals from disability- based discrimination. Goren (2006) says; “Because the ADA deals with discrimination against persons with disabilities, perhaps the key definition is that of the word disability… A person has a disability under the ADA if he or she: has a physical or mental impairment that......

Words: 1181 - Pages: 5

Lit1 Task 310.1.5-02, 11, 13

...with the same pay and same work hours for employee “a”. In conclusion, a violation has not occurred in situation “a” regarding employee “a”. We granted our employee the time off that he requested and upon his return, we gave him his previous position with previous pay. We are not responsible or even held liable for the withheld salary, due to no agreement before employee “a’s” leave. Had the previous manager promised his salary on leave, then we would need to review that matter. Situation B: Employee B is 68 years old and has been with Company X for 42 years. During the annual performance review last month, it was determined that Employee B was doing “above average” work in the department. Employee B was denied a promotion due to age. A co-worker given the promotion, who is 32 years old, received a performance review of “adequate.” In situation “b” with employee “b”, we as a company are in the wrong. Under the Age Discrimination in Employment Act of 1967 or ADEA, persons over the age of 40 years old are protected against discrimination due to age. As a current employee and long-time employee, employee “b” is protected under this ADEA act. ADEA protects the right to be promoted even if employee “b” is over the age of 40. More specifically the Older Workers Benefit Act of 1990 prohibits employers from denying benefits to our companies more aged employees. As a company, we are also not allowed to retaliate against employee “b” if he was to challenge our employment......

Words: 1141 - Pages: 5

Boeing

...- Vishal Prabhakar - Jayaraj Somarajan - Ajay Gnanashekaran - Shafrin Maredia     Table of Contents   Sl.No 1. 2. 3. 4. 5. 6. 7. 10. 11. Contents Evolution of Project Boeing 7E7 Empirical Data 7E7 Project NPV –DCF Analysis WACC Calculation Payback Period Stock Options @ Risk Analysis Conclusion References Page 1 4 5 7 11 12 22 23 24                               Table of Tables Table Number Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Table 9 Table 10 Table 11 Table 12 Table 13 Table 14 Table 15 Table 16 Table 17 Table 18 Table 19 Table 20 Table 21 Table 22 Table 23 Table 24 Content DCF Analysis Variables Regression Analysis WACC Calculations Payback Period Depreciation Call Option - NYSE Call Option - S&P 500 Put Option - NYSE Put Option - S&P 500 Sell A Call - NYSE Sell A Call - S&P 500 Sell A Put - NYSE Sell A Put - S&P 500 Covered Call - NYSE Covered Call - S&P 500 Protective Put - NYSE Protective Put - S&P 500 Protective Collar - NYSE Protective Collar - S&P 500 Long Straddle - NYSE Long Straddle - S&P 500 Short Straddle - NYSE Short Straddle - S&P 500                 Table of Exhibits List of exhibits   Exhibit A Exhibit B Exhibit C Exhibit D Exhibit E Exhibit F Exhibit G Exhibit H Exhibit I Exhibit......

Words: 5459 - Pages: 22

Boeing

...The Boeing Company, Part II Political The Boeing Company is very involved in the politics of the industry. Therefore, Boeing has a Government Operations office located near Washington D.C., and the office serves the company in three ways. One way is that they work with government officials and organizations to protect and advance the company's interests, competitiveness, and reputation. This is very important because as the world’s largest aircraft manufacturer, Boeing does not want to get surprised by a policy or rule that could hurt the company. In addition, another service is to win government contracts. Recently, Boeing won a contract with the U.S. Navy for an order of 20 P-8A airplanes for $2.5 billion (Smith, 2016). Due the location of the office, Boeing was able to secure this contract, as well as many others over the history of the company. Lastly, Boeing and the government works hard to shape public policy issues that impact the company. The office works with public officials across all levels of government, federal, state and local, to work with the government to be compliant. Boeing’s team also works with various third party organizations such as associations, public policy groups, and international organizations (Boeing, 2009). The effective income tax rates for 2014, 2013, 2012 were 23.7%, 26.4% and 34.0%, respectively. Boeing’s 2014 effective tax rate was lower than 2013 primarily due to tax benefits of $265 million related to tax basis adjustments and......

Words: 3951 - Pages: 16

Tax Deducted at Source - 2012-13

...the specified time. The tax so deducted from the income of the recipient is deemed to be payment of Income-tax by the recipient at the time of his assessment. Income from several sources is subjected to tax deduction at source. Presently this concept of T.D.S. is also used as an instrument in enlarging the tax base. Some of such income subjected to T.D.S. is salary, interest, dividend, interest on securities, winnings from lottery, horse races, commission and brokerage, rent, fees for professional and technical services, payments to non-residents etc. It is always considered as an Advance tax which is paid to the government when we are being paid for provision made by us in the form of products or services. TDS rates for Financial Year 2012-13 Form 24Q: Male | Female | Senior Citizen | Tax (%) | For Income Between 0 to 2,00,000 | For Income Between 0 to 2,00,000 | For Income Between 0 to 2,50,000 | 0 | For Income Between 2,00,001 to 5,00,000 | For Income Between 2,00,001 to 5,00,000 | For Income Between 2,50,001 to 5,00,000 | 10 | For Income Between 5,00,001 to 10,00,000 | For Income Between 5,00,001 to 10,00,000 | For Income Between 5,00,001 to 10,00,000 | 20 | For Income above 10,00,001 | For Income above 10,00,001 | For Income above 10,00,001 | 30 | Surcharge |   | 0 | Education Cess |   | 3 | Note: Age of senior citizen is 60 and above years. New category of assessee "Very Senior Citizen", aged above 80 years, is exempted till 5,00,000 of......

Words: 1684 - Pages: 7