# Boeing CDR (CAD Hedged) (BA.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Industrials / Aerospace & Defense. Price C$28.57, market value C$178.5 billion.

## Valuation
- **P/E (trailing): 18.1×** (5-yr avg 116.2×, 3-yr avg 116.2×). Boeing CDR (CAD Hedged) trades at 18.1× trailing earnings, well below its own five-year average of 116.2×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 26.3×**. Enterprise value is 26.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.2%** (5-yr avg -0.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Gross margin: 4.4%**. Boeing CDR (CAD Hedged) keeps 4.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -5.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 2.5%**. 2.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 41.0%**. 41.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: -15.0%**. Return on all capital, debt included, is -15.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.6%**. Each dollar of assets produces 1.6% of profit.

## Growth
- **Revenue growth (1 yr): 34.5%** (3-yr 10.3%/yr). Revenue grew 34.5% over the last year.
- **EPS growth (1 yr): 113.5%**. Earnings per share rose 113.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 9.98**. Debt is 9.98 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.2×**. It would take 3.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: -2.0×**. Operating profit covers interest only -2.0×: fragile.
- **Current ratio: 1.19** (quick 0.40). Current assets cover the next year's liabilities 1.19 times.
- **Altman Z-score: 1.27**. A Z-score of 1.27 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Boeing CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **From 52-week high: -33.0%** (4.9% above the low). Trading 33% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 0.96** (volatility 35%). Beta of 0.96 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BA.TO · Page: https://foliofundamentals.com/stocks/ba.to

Not investment advice.