The Boeing Company BA | NYSE

$172.38 $0.00 | 0.00%

TREND SIGNAL: Signal available — unlock to view

|2026-08-19

Add to favoritesFavorite

Company Overview:

Market Cap: $134.26B

Trailing PE: 18.8x

FWD PE: —

Payout Ratio (TTM): 3.4%

52-Week Range: $165.01 - $254.35

10 Year BA Performance Metrics:

Total Return (with DRIP): 26.8% (2.40% CAGR)

Total Return (no DRIP): 32.9% (2.88% CAGR)

Share Price: 16.7% (1.56% CAGR)

Yield on Cost (with DRIP): 6.05%

Total Invested: $10,000

Total Value (with DRIP): $12,682

Total Return $ (with DRIP): $2,682

Dividend Increase: 44.7% (11.99% CAGR)

Dividend Yield (FWD): 4.77% ($8.22)

BA 10-yr Total Return ($10K invested)

1M 3M 6M YTD 1Y 3Y 5Y 10Y

BA Share Price

1M 3M 6M YTD 1Y 3Y 5Y 10Y All

BA Price CAGR:1Y: -11.51%2Y: 7.57%5Y: -4.63%10Y: 1.56%

BA Dividend Charts

BA - Dividends

BA Dividend CAGR:1Y: 0.00%2Y: 9.56%5Y: 17.68%10Y: 17.16%

BA - Dividend Payout Ratio

BA Dividend Payout Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

BA - Dividend to Free Cash Flow Ratio

BA Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Build Custom Charts

BA - Chart 1

BA - Chart 2

BA - Chart 3

BA Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

Revenue

BA Revenue CAGR:1Y: 3.94%2Y: 16.44%5Y: 9.62%10Y: 0.12%

Earnings Per Share (EPS)

BA EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Net Income

BA Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

EBITDA

BA EBITDA CAGR:1Y: 0.00%2Y: 0.00%5Y: -12.59%10Y: -16.58%

Free Cash Flow

BA Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Free Cash Flow / Share

BA Free Cash Flow / Share CAGR:1Y: -74.98%2Y: 0.00%5Y: 0.00%10Y: -17.71%

Operating Income

BA Operating Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 32.53%10Y: -24.18%

Gross Profit

BA Gross Profit CAGR:1Y: 0.00%2Y: 0.00%5Y: 4.89%10Y: -5.93%

Shares Outstanding

BA Shares Outstanding CAGR:1Y: 3.21%2Y: 12.34%5Y: 5.82%10Y: 2.13%

Share Buybacks

BA Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Stock-Based Comp

BA Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Expenses

BA Expenses CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Revenue vs Net Income

EPS vs FCF / Share

EPS vs PE Ratio

FCF vs FCF / Share

FCF vs Stock Based Comp

Cash & Debt

Revenue by Segment

BA Revenue CAGR:1Y: 3.94%2Y: 16.44%5Y: 9.62%10Y: 0.12%

Revenue by Region

BA Revenue CAGR:1Y: 3.94%2Y: 16.44%5Y: 9.62%10Y: 0.12%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

REVENUE: Actual + Estimates

BA Actual Revenue CAGR:1Y: 3.94%2Y: 16.44%5Y: 9.62%10Y: 0.12%

EPS: Actual + Estimates

BA Actual EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

NET INCOME: Actual + Estimates

BA Actual Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

EBITDA: Actual + Estimates

BA Actual EBITDA CAGR:1Y: 0.00%2Y: 0.00%5Y: -12.59%10Y: -16.58%

Ratios, Profit Margins & Return on Capital:

Net Profit Margin

BA Net Profit Margin CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Gross Profit Margin

BA Gross Profit Margin CAGR:1Y: 0.00%2Y: 0.00%5Y: -4.31%10Y: -6.04%

Price to Earnings

BA Price to Earnings CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

Price To Sales Ratio

BA Price To Sales Ratio CAGR:1Y: -14.41%2Y: 6.72%5Y: -6.65%10Y: 5.72%

Return on Capital Employed

BA Return on Capital Employed CAGR:1Y: 0.00%2Y: 0.00%5Y: 34.48%10Y: -26.71%

Return on Invested Capital

BA Return on Invested Capital CAGR:1Y: 0.00%2Y: 0.00%5Y: 57.87%10Y: -27.58%

BA Dividends Info:

Annual Dividend: $8.22

Forward Yield: 4.77%

Ex-Dividend Date: 2020-02-13

Lifetime Dividends / Share: $59.01

BA Dividend History: Dates, Payments & Yield list

Below is a schedule of all BA dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date	Payment Date	Amount	Yield	Forward Yield	Price on Ex-Date
02/13/2020	03/06/2020	$2.055	2.4%	3.13%	$262.33
11/07/2019	12/06/2019	$2.055	2.3%	2.32%	$354.09
08/08/2019	09/06/2019	$2.055	2.44%	2.26%	$363.00
05/09/2019	06/07/2019	$2.055	2.32%	2.32%	$353.70
02/07/2019	03/01/2019	$2.055	2.03%	1.87%	$440.62
11/08/2018	12/07/2018	$1.710	1.84%	2.12%	$323.22
08/09/2018	09/07/2018	$1.710	1.99%	1.96%	$349.28
05/10/2018	06/01/2018	$1.710	1.99%	1.92%	$356.72
02/08/2018	03/02/2018	$1.710	2.07%	1.98%	$344.67
11/09/2017	12/01/2017	$1.420	2.16%	2.09%	$271.38
08/09/2017	09/01/2017	$1.420	2.42%	2.36%	$240.33
05/10/2017	06/02/2017	$1.420	3.1%	2.99%	$190.23
02/08/2017	03/03/2017	$1.420	3.47%	3.12%	$182.18
11/08/2016	12/02/2016	$1.090	3.07%	2.86%	$152.25
08/10/2016	09/02/2016	$1.090	3.3%	3.32%	$131.16
05/11/2016	06/03/2016	$1.090	3.28%	3.42%	$127.38
02/10/2016	03/04/2016	$1.090	3.75%	3.6%	$121.07
11/04/2015	12/04/2015	$0.910	2.46%	2.45%	$148.50
08/05/2015	09/04/2015	$0.910	2.51%	2.81%	$129.76
05/06/2015	06/05/2015	$0.910	2.58%	2.59%	$140.73
02/11/2015	03/06/2015	$0.910	2.46%	2.38%	$153.12
11/05/2014	12/05/2014	$0.730	2.35%	2.21%	$132.21
08/06/2014	09/05/2014	$0.730	2.47%	2.34%	$124.69
05/07/2014	06/06/2014	$0.730	2.24%	2.11%	$138.25
02/12/2014	03/07/2014	$0.730	2.28%	2.27%	$128.54
11/06/2013	12/06/2013	$0.485	1.46%	1.44%	$135.18
08/07/2013	09/06/2013	$0.485	1.82%	1.83%	$106.07
05/08/2013	06/07/2013	$0.485	2.06%	1.89%	$102.49
02/13/2013	03/08/2013	$0.485	2.59%	2.39%	$81.23
11/07/2012	12/07/2012	$0.440	2.51%	2.36%	$74.64
08/15/2012	09/07/2012	$0.440	2.41%	2.41%	$72.89
05/09/2012	06/01/2012	$0.440	2.38%	2.62%	$67.24
02/08/2012	03/02/2012	$0.440	2.33%	2.35%	$74.90
11/08/2011	12/02/2011	$0.420	2.52%	2.36%	$71.30
08/10/2011	09/02/2011	$0.420	2.93%	2.62%	$64.03
05/11/2011	06/03/2011	$0.420	2.12%	2.24%	$74.84
02/09/2011	03/04/2011	$0.420	2.31%	2.34%	$71.80
11/03/2010	12/03/2010	$0.420	2.44%	2.52%	$66.54
08/04/2010	09/03/2010	$0.420	2.43%	2.6%	$64.64
05/05/2010	06/04/2010	$0.420	2.37%	2.75%	$61.15
02/03/2010	03/05/2010	$0.420	2.73%	2.47%	$67.93
11/04/2009	12/04/2009	$0.420	3.49%	3.07%	$54.68
08/05/2009	09/04/2009	$0.420	3.82%	3.42%	$49.15
05/06/2009	06/05/2009	$0.420	3.8%	3.19%	$52.65
02/04/2009	03/06/2009	$0.420	4%	5.58%	$30.10
11/05/2008	12/05/2008	$0.400	3.23%	4.05%	$39.53
08/06/2008	09/05/2008	$0.400	2.45%	2.54%	$62.89
05/07/2008	06/06/2008	$0.400	1.89%	2.19%	$73.16
02/06/2008	03/07/2008	$0.400	2%	2.09%	$76.60
11/07/2007	12/07/2007	$0.350	1.44%	1.5%	$93.16
08/08/2007	09/07/2007	$0.350	1.36%	1.48%	$94.84
05/09/2007	06/01/2007	$0.350	1.49%	1.4%	$99.83
02/07/2007	03/02/2007	$0.350	1.55%	1.61%	$87.03
11/08/2006	12/01/2006	$0.300	1.4%	1.34%	$89.55
08/09/2006	09/01/2006	$0.300	1.56%	1.59%	$75.43
05/10/2006	06/02/2006	$0.300	1.35%	1.43%	$83.80
02/08/2006	03/03/2006	$0.300	1.67%	1.64%	$73.39
11/08/2005	12/02/2005	$0.250	1.54%	1.44%	$69.44
08/10/2005	09/02/2005	$0.250	1.52%	1.55%	$64.34
05/11/2005	06/03/2005	$0.250	1.66%	1.55%	$64.66
02/09/2005	03/04/2005	$0.250	1.85%	1.71%	$58.38
11/09/2004	12/03/2004	$0.200	1.52%	1.45%	$55.26
08/11/2004	09/03/2004	$0.200	1.61%	1.51%	$53.10
05/19/2004	06/11/2004	$0.200	1.84%	1.64%	$48.83
02/11/2004	03/05/2004	$0.170	1.53%	1.59%	$42.72
11/12/2003	12/05/2003	$0.170	1.74%	1.79%	$38.00
08/13/2003	09/05/2003	$0.170	2.1%	1.83%	$37.16
05/14/2003	06/06/2003	$0.170	2.31%	1.95%	$34.86
02/05/2003	03/07/2003	$0.170	2.22%	2.63%	$25.84
11/13/2002	12/06/2002	$0.170	2.16%	2.04%	$33.40
08/14/2002	09/06/2002	$0.170	1.87%	1.83%	$37.21
05/15/2002	06/07/2002	$0.170	1.53%	1.59%	$42.76
02/06/2002	03/01/2002	$0.170	1.66%	1.42%	$47.84
11/14/2001	12/07/2001	$0.170	1.99%	1.82%	$37.30
08/15/2001	09/07/2001	$0.170	1.25%	1.51%	$45.18
05/09/2001	06/01/2001	$0.170	1.05%	1.05%	$65.00
02/07/2001	03/02/2001	$0.170	1.18%	1.13%	$60.10
11/08/2000	12/01/2000	$0.140	0.86%	0.85%	$65.81
08/09/2000	09/01/2000	$0.140	1.17%	1.02%	$54.75
05/10/2000	06/02/2000	$0.140	1.52%	1.4%	$39.88
02/09/2000	03/03/2000	$0.140	1.44%	1.56%	$35.94
11/09/1999	12/03/1999	$0.140	1.35%	1.39%	$40.38
08/11/1999	09/03/1999	$0.140	1.22%	1.23%	$45.44
05/12/1999	06/04/1999	$0.140	1.32%	1.27%	$43.94
02/08/1999	03/03/1999	$0.140	1.54%	1.65%	$33.94
11/10/1998	12/04/1998	$0.140	1.36%	1.7%	$32.94
08/12/1998	09/04/1998	$0.140	1.44%	1.65%	$33.94
05/13/1998	06/05/1998	$0.140	1.13%	1.23%	$45.50
02/11/1998	03/06/1998	$0.140	1.14%	1.07%	$52.44
11/12/1997	12/05/1997	$0.140	1.21%	1.07%	$52.38
08/13/1997	09/05/1997	$0.140	0.96%	1.01%	$55.38
05/14/1997	06/06/1997	$0.140	1.12%	1.02%	$54.94
02/12/1997	03/07/1997	$0.140	1.02%	1.05%	$53.19
11/13/1996	12/06/1996	$0.140	1.22%	1.17%	$47.81
08/14/1996	09/06/1996	$0.140	1.24%	1.24%	$45.13
05/15/1996	06/07/1996	$0.140	1.38%	1.3%	$42.94
02/07/1996	03/01/1996	$0.125	1.25%	1.24%	$40.25
11/08/1995	12/01/1995	$0.125	1.43%	1.36%	$36.75
08/09/1995	09/01/1995	$0.125	1.53%	1.53%	$32.69
05/08/1995	06/02/1995	$0.125	1.83%	1.69%	$29.50
02/06/1995	03/03/1995	$0.125	2.12%	2.16%	$23.13
11/04/1994	12/02/1994	$0.125	2.29%	2.2%	$22.69
08/08/1994	09/02/1994	$0.125	2.22%	2.18%	$22.94
05/09/1994	06/03/1994	$0.125	2.25%	2.07%	$24.13
02/07/1994	03/04/1994	$0.125	2.35%	2.12%	$23.56
11/05/1993	12/03/1993	$0.125	2.68%	2.62%	$19.06
08/09/1993	09/03/1993	$0.125	2.56%	2.52%	$19.81
05/10/1993	06/04/1993	$0.125	2.61%	2.52%	$19.81
02/08/1993	03/05/1993	$0.125	2.83%	2.89%	$17.31
11/06/1992	12/04/1992	$0.125	2.79%	2.9%	$17.25
08/10/1992	09/04/1992	$0.125	2.52%	2.67%	$18.75
05/11/1992	06/05/1992	$0.125	2.27%	2.23%	$22.44
02/10/1992	03/06/1992	$0.125	2.08%	2.17%	$23.06
11/08/1991	12/06/1991	$0.125	2.05%	2.33%	$21.50
08/12/1991	09/06/1991	$0.125	2.17%	1.91%	$26.19
05/13/1991	06/07/1991	$0.125	2.13%	2.08%	$24.00
02/11/1991	03/08/1991	$0.125	1.95%	2.02%	$24.75
11/09/1990	12/07/1990	$0.125	2.23%	2.2%	$22.75
08/13/1990	09/07/1990	$0.125	1.9%	2.13%	$23.50
05/14/1990	06/08/1990	$0.125	1.92%	1.82%	$27.50
02/12/1990	03/09/1990	$0.100	1.93%	1.77%	$22.58
11/13/1989	12/08/1989	$0.100	2.15%	2%	$20.00
08/14/1989	08/16/1989	$0.100	2.3%	2.26%	$17.71
05/08/1989	06/09/1989	$0.100	2.37%	2.37%	$16.89
02/06/1989	03/10/1989	$0.089	2.53%	2.41%	$14.78
11/04/1988	12/09/1988	$0.089	2.5%	2.55%	$13.94
05/09/1988	06/10/1988	$0.089	3.29%	2.86%	$12.42
02/05/1988	03/11/1988	$0.078	3.06%	2.95%	$10.56
11/03/1987	12/11/1987	$0.078	3.73%	3.93%	$7.92
08/04/1987	09/11/1987	$0.078	2.72%	2.77%	$11.25
05/04/1987	06/12/1987	$0.078	3.13%	3.02%	$10.31
02/04/1987	03/13/1987	$0.078	2.78%	2.68%	$11.61
11/05/1986	12/10/1986	$0.067	2.4%	2.29%	$11.64
08/05/1986	09/10/1986	$0.067	2.03%	2.05%	$13.03
05/06/1986	06/11/1986	$0.067	2.09%	1.98%	$13.44
02/04/1986	03/11/1986	$0.067	2.56%	2.24%	$11.92
11/04/1985	12/10/1985	$0.060	2.36%	2.11%	$11.39
08/06/1985	09/13/1985	$0.060	2.24%	2.32%	$10.36
05/06/1985	06/07/1985	$0.040	1.87%	1.57%	$10.19
02/05/1985	03/08/1985	$0.052	2.21%	2.19%	$9.46
11/02/1984	12/07/1984	$0.052	2.37%	2.66%	$7.81
08/06/1984	09/07/1984	$0.052	2.73%	2.62%	$7.93
05/07/1984	05/09/1984	$0.052	3.58%	3.57%	$5.81
02/06/1984	03/09/1984	$0.052	3.33%	3.57%	$5.81
11/03/1983	11/07/1983	$0.052	0%	3.16%	$6.56
08/08/1983	08/10/1983	$0.052	0%	3.16%	$6.56
05/09/1983	06/10/1983	$0.052	0%	3.16%	$6.56
02/07/1983	02/09/1983	$0.052	0%	3.16%	$6.56
11/04/1982	11/08/1982	$0.052	0%	3.16%	$6.56
08/09/1982	08/11/1982	$0.052	0%	3.16%	$6.56
05/10/1982	05/12/1982	$0.052	0%	3.16%	$6.56
02/05/1982	02/10/1982	$0.052	0%	3.16%	$6.56
11/05/1981	11/09/1981	$0.052	0%	3.16%	$6.56
08/07/1981	08/12/1981	$0.052	0%	3.16%	$6.56
05/08/1981	05/13/1981	$0.052	0%	3.16%	$6.56
02/06/1981	02/11/1981	$0.052	0%	3.16%	$6.56
11/06/1980	11/10/1980	$0.074	0%	4.52%	$6.56
08/08/1980	08/13/1980	$0.044	0%	2.71%	$6.56
05/09/1980	05/14/1980	$0.044	0%	2.71%	$6.56
02/08/1980	02/13/1980	$0.044	0%	1.36%	$6.56
08/10/1979	08/15/1979	$0.025	0%	1.51%	$6.56
05/14/1979	05/16/1979	$0.025	0%	1.51%	$6.56
02/09/1979	02/14/1979	$0.025	0%	1.51%	$6.56
08/11/1978	08/16/1978	$0.020	0%	1.2%	$6.56
05/05/1978	05/10/1978	$0.020	0%	1.2%	$6.56
11/10/1977	11/14/1977	$0.016	0%	1%	$6.56
08/05/1977	08/10/1977	$0.016	0%	1%	$6.56
05/06/1977	05/11/1977	$0.012	0%	0.7%	$6.56
02/14/1977	02/16/1977	$0.012	0%	0.7%	$6.56
11/05/1976	11/10/1976	$0.016	0%	1%	$6.56
08/06/1976	08/11/1976	$0.008	0%	0.5%	$6.56
05/07/1976	05/12/1976	$0.008	0%	0.5%	$6.56
02/06/1976	02/11/1976	$0.008	0%	0.5%	$6.56
11/06/1975	11/10/1975	$0.013	0%	0.8%	$6.56
08/08/1975	08/13/1975	$0.007	0%	0.4%	$6.56
05/09/1975	05/14/1975	$0.007	0%	0.4%	$6.56
02/06/1975	02/10/1975	$0.007	0%	0.4%	$6.56
11/07/1974	11/11/1974	$0.010	0%	0.6%	$6.56
07/26/1974	07/31/1974	$0.005	0%	0.3%	$6.56
05/10/1974	05/15/1974	$0.005	0%	0.3%	$6.56
02/01/1974	02/06/1974	$0.005	0%	0.3%	$6.56
11/01/1973	11/05/1973	$0.003	0%	0.2%	$6.56
08/03/1973	08/08/1973	$0.003	0%	0.2%	$6.56
05/04/1973	05/09/1973	$0.003	0%	0.2%	$6.56
02/02/1973	02/07/1973	$0.003	0%	0.2%	$6.56
11/02/1972	11/06/1972	$0.003	0%	0.2%	$6.56
08/04/1972	08/09/1972	$0.003	0%	0.2%	$6.56
04/28/1972	05/03/1972	$0.003	0%	0.2%	$6.56
02/04/1972	02/09/1972	$0.003	0%	0.2%	$6.56
10/28/1971	11/01/1971	$0.003	0%	0.2%	$6.56
07/30/1971	08/04/1971	$0.003	0%	0.2%	$6.56
04/30/1971	05/05/1971	$0.003	0%	0.2%	$6.56
01/29/1971	02/03/1971	$0.003	0%	0.2%	$6.56
10/29/1970	11/02/1970	$0.003	0%	0.2%	$6.56
07/31/1970	08/05/1970	$0.003	0%	0.2%	$6.56
05/01/1970	05/06/1970	$0.003	0%	0.2%	$6.56

Projected Future Returns & Dividends for BA

Based on past 10-year performance, here are BA growth metrics:

Share price CAGR of +1.56%
Dividend CAGR of +17.63%

Using BA CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

	BA (DRIP)	BA - No DRIP
Current Price	$172.38	$172.38
Start Shares	58.01	58.01
Start Value	$10,000	$10,000

After 10 years:
Final Share Count	156.69	58.01
Dividends Payment	$10.43	$10.43
Annual Dividends	$6,535	$2,419
Yield on cost	65.35%	24.19%
Share Price	$201.20	$201.20
Total Dividends	$18,791	$11,016
Final Value	$31,526	$22,687

Estimated Future Value + Dividends - BA

NOTE: Above numbers are our estimate based on BA's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

What is BA worth at today's price?

Pro adds BA's DCF fair value and the Trend Signal to this page and opens the 28 blurred charts above.

Show BA's fair value

Company Info

The Boeing Company (BA) had its IPO on 1962-01-02, and is traded on NYSE stock exchange.

The Boeing Company is a global aerospace powerhouse specializing in the design, development, manufacture, sale, and comprehensive support of commercial airliners, military aircraft, satellites, missile defense systems, human space flight, and launch technologies, along with related services across the globe. Its operations are organized into four key segments. The Commercial Airplanes division delivers commercial jet aircraft for passenger and cargo transport, alongside essential fleet support services. The Defense, Space & Security segment concentrates on the research, development, production, and modification of manned and unmanned military aircraft, advanced weapons systems, strategic defense and intelligence solutions (including missile defense, command, control, communications, computers, intelligence, surveillance, and reconnaissance, cyber, and information solutions), and satellite systems for both governmental and commercial use, encompassing space exploration. The Global Services segment provides a vast array of support, such as supply chain and logistics management, engineering, maintenance, upgrades, spare parts, pilot and maintenance training, technical documentation, and data analytics for its commercial and defense clientele. Lastly, the Boeing Capital segment offers financing services, overseeing a portfolio of equipment under various lease and financing structures. Founded in 1916, the company is headquartered in Chicago, Illinois.

BA website: https://www.boeing.com

Loading signals…

DCF Model — BA

Value from:

EPS (TTM)icompany profit per share over the last 12 months

EPS Growth %ihow fast profit per share grows each of the next 5 years — prefilled with what analysts expect

EPS growth after year 5 (forever)ithe slower pace once the fast 5 years are over — only drives years 6-10 of the price path below

Exit multiple (PE in 5 yrs)iwhat buyers pay per $1 of profit in 2031 — prefilled with today’s forward PE

Desired return %/yrithe yearly return you want from buying today — the S&P has done ~14%/yr, ask for more from a single stock

FCF growth %/yr (next 5 yrs)ihow fast free cash flow grows while the company is still expanding fast

Years of fast FCF growthihow many years the fast growth lasts before the business settles down

FCF growth after year 5 (forever)ithe slow, steady pace once the company is mature — usually 2-3%, near inflation. Must stay below your target return

Risk-free rate %iwhat a 10-yr US treasury pays with zero risk — the floor any risky stock must beat

Your target return %/yrithe yearly return you want for taking this risk — rule of thumb: risk-free rate + extra for risk

FCF base ($M, TTM)ilast 12 months of free cash flow, added up from reported quarters

Include dividends in returnidividends hand you part of the return in cash, so the share price needs to climb less

Pay up to today

—

vs current price $172.38

—

Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today

—

grows for the next years

Then mature

—

every future dollar counted back to today

Pile of today-dollars

—

÷ shares

Implied price path

Year	FCF	Implied price

Sensitivity — fair value: growth ↓ × target return →