An independent two-stage DCF analysis by a frontier AI model.
" data-astro-cid-hrad4euh> Applied to our $3.5B normalized base, a 15% CAGR brings Year 5 FCF to ~$7B. Boeing generated over $13B in FCF in 2018 before the crashes. $7B represents a realistic, partial return to historical profitability as delivery volumes of the 737 MAX and 787 eventually scale and stabilize.
" data-astro-cid-hrad4euh> 10Y Treasury: 4.18%. Boeing's beta is elevated due to constant operational shocks. While a textbook WACC might be slightly lower due to the heavy debt weight, equity investors should demand at least 10% to underwrite the substantial execution and regulatory risks of a turnaround.
" data-astro-cid-hrad4euh> A 2.5% terminal growth rate reflects a mature industrial giant growing slightly below global GDP. It acknowledges the durable global duopoly with Airbus, but bakes in long-term constraints on pricing power due to intense airline customer pushback and persistent regulatory oversight.
Intrinsic value per share under varying discount rate and terminal growth rate assumptions.
| WACC ↓ / Terminal → | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 1.5% | $103.27 | $89.50 | $78.97 | $70.66 | $63.93 |
| 2.0% | $111.88 | $95.89 | $83.91 | $74.58 | $67.13 |
| 2.5% | $122.05 | $103.27 | $89.50 | $78.97 | $70.66 |
| 3.0% | $134.25 | $111.88 | $95.89 | $83.91 | $74.58 |
| 3.5% | $149.17 | $122.05 | $103.27 | $89.50 | $78.97 |
■ Undervalued vs current price ■ Overvalued vs current price
Westmount Research. "Boeing (BA) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 19, 2026.
Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.