International Business Machines Corp

$ 132.28 -0.11 (-0.08%)
Volume: 2,594,605 Avg Vol (1m): 3,525,197
Market Cap $: 117.29 Bil Enterprise Value $: 149.38 Bil
P/E (TTM): 13.95 P/B: 7.17
Earnings Power Value 135.57
Net Current Asset Value -69.07
Tangible Book -25.46
Projected FCF 151.78
Median P/S Value 159.39
Graham Number 0
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 6/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 0.36
Cash-To-Debt ranked lower than
87.84% of 2180 companies
in the Information Technology Services industry.
Industry Max: 52661, Med: 5.23, Min: 0.01
IBM: 0.36
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.1, Med: 0.27, Max: 0.6
Current: 0.36
0.1
0.6
Equity-to-Asset 0.13
Equity-to-Asset ranked lower than
91.87% of 2115 companies
in the Information Technology Services industry.
Industry Max: 1.55, Med: 0.6, Min: -56.05
IBM: 0.13
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.1, Med: 0.24, Max: 0.5
Current: 0.13
0.1
0.5
Debt-to-Equity 3.03
Debt-to-Equity ranked lower than
95.19% of 1267 companies
in the Information Technology Services industry.
Industry Max: 248.23, Med: 0.27, Min: 0.01
IBM: 3.03
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.43, Med: 1.28, Max: 3.43
Current: 3.03
0.43
3.43
Debt-to-EBITDA 2.83
Debt-to-EBITDA ranked lower than
71.67% of 1112 companies
in the Information Technology Services industry.
Industry Max: 5506.28, Med: 1.26, Min: 0.01
IBM: 2.83
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 1.11, Med: 1.6, Max: 2.83
Current: 2.83
1.11
2.83
Interest Coverage 17.63
Interest Coverage ranked lower than
63.28% of 1702 companies
in the Information Technology Services industry.
Industry Max: 14867928, Med: 46.64, Min: 0.01
IBM: 17.63
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 18.28, Med: 40.31, Max: 52.46
Current: 17.63
18.28
52.46
Piotroski F-Score 7
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 3.37
DISTRESS
GREY
SAFE
Beneish M-Score -2.68
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 18.89%
WACC 8.96%

Profitability & Growth : 6/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 17.19
Operating Margin ranked higher than
81.48% of 2144 companies
in the Information Technology Services industry.
Industry Max: 678.59, Med: 4.91, Min: -510650
IBM: 17.19
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 16.6, Med: 19.26, Max: 21.54
Current: 17.19
16.6
21.54
Net Margin % 10.98
Net Margin ranked higher than
75.75% of 2144 companies
in the Information Technology Services industry.
Industry Max: 990.53, Med: 3.58, Min: -307550
IBM: 10.98
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 7.27, Med: 14.84, Max: 16.76
Current: 10.98
7.27
16.76
ROE % 48.14
ROE ranked higher than
96.36% of 2062 companies
in the Information Technology Services industry.
Industry Max: 1271.48, Med: 6.36, Min: -234428.57
IBM: 48.14
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 32.1, Med: 73.24, Max: 100.96
Current: 48.14
32.1
100.96
ROA % 6.93
ROA ranked higher than
69.08% of 2199 companies
in the Information Technology Services industry.
Industry Max: 3269.23, Med: 2.95, Min: -16416.67
IBM: 6.93
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 4.74, Med: 11.94, Max: 14.09
Current: 6.93
4.74
14.09
ROC (Joel Greenblatt) % 117.40
ROC (Joel Greenblatt) ranked higher than
68.27% of 2165 companies
in the Information Technology Services industry.
Industry Max: 85250, Med: 23.63, Min: -99999999.99
IBM: 117.4
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: 109.49, Med: 145.31, Max: 166.47
Current: 117.4
109.49
166.47
3-Year Total Revenue Growth Rate -0.90
3-Year Revenue Growth Rate ranked lower than
64.24% of 1829 companies
in the Information Technology Services industry.
Industry Max: 1196.4, Med: 6.3, Min: -100
IBM: 1.5
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -3.2, Med: 4.8, Max: 13.2
Current: 1.5
-3.2
13.2
3-Year Total EBITDA Growth Rate -6.50
3-Year EBITDA Growth Rate ranked lower than
71.54% of 1588 companies
in the Information Technology Services industry.
Industry Max: 1165.1, Med: 9.1, Min: -450.9
IBM: -4.3
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 7.6, Max: 26.1
Current: -4.3
0
26.1
3-Year EPS w/o NRI Growth Rate -11.20
3-Year EPS w/o NRI Growth Rate ranked lower than
76.19% of 1432 companies
in the Information Technology Services industry.
Industry Max: 719.3, Med: 10.7, Min: -502.1
IBM: -11.2
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
N/A

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Business Description

Industry Application Software » Information Technology Services    NAICS : 541512    SIC : 7373
Compare NSE:TCS NYSE:ACN NSE:INFY NAS:CTSH XMAD:AMS TSE:6501 BOM:507685 NSE:HCLTECH XPAR:CAP TSX:GIB.A NYSE:DXC TSE:9613 NAS:CDW XKRX:018260 TSE:6702 NYSE:IT XKRX:034730 TSE:4307 BOM:532755 XPAR:ATO
Traded in other countries IBMC.Belgium IBMB34.Brazil IBMA.Netherlands
Address 1 New Orchard Road, Armonk, NY, USA, 10504
IBM is an IT behemoth with an operating history dating back over a century. The company's offerings span a range of services, software, and hardware. IBM operates on a global scale, with operations in over 170 countries (the company generates a little more than half of its revenue outside the Americas). The firm has an entrenched position globally within the largest multinational firms, providing an end-to-end portfolio that helps enterprises' plan, build, manage, and maintain IT infrastructure, platforms, applications, and services.

Ratios

Current vs industry vs history
PE Ratio (TTM) 13.95
PE Ratio ranked higher than
75.19% of 1475 companies
in the Information Technology Services industry.
Industry Max: 10600, Med: 24.79, Min: 0.01
IBM: 13.95
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 8.94, Med: 13.19, Max: 27.39
Current: 13.95
8.94
27.39
Forward PE Ratio 9.48
Forward P/E ranked higher than
94.52% of 456 companies
in the Information Technology Services industry.
Industry Max: 2500, Med: 26.18, Min: 2.66
IBM: 9.48
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 13.95
PE without NRI ranked higher than
75.25% of 1414 companies
in the Information Technology Services industry.
Industry Max: 10600, Med: 24.46, Min: 0.01
IBM: 13.95
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 8.88, Med: 12.83, Max: 27.39
Current: 13.95
8.88
27.39
Price-to-Owner-Earnings 11.07
Price-to-Owner-Earnings ranked higher than
85.11% of 826 companies
in the Information Technology Services industry.
Industry Max: 2445, Med: 25.26, Min: 0.08
IBM: 11.07
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 7.64, Med: 12.29, Max: 17.3
Current: 11.07
7.64
17.3
PB Ratio 7.17
PB Ratio ranked lower than
78.91% of 2262 companies
in the Information Technology Services industry.
Industry Max: 5500, Med: 2.93, Min: 0.01
IBM: 7.17
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 3.66, Med: 8.97, Max: 14.09
Current: 7.17
3.66
14.09
PS Ratio 1.53
PS Ratio ranked higher than
63.10% of 2268 companies
in the Information Technology Services industry.
Industry Max: 285714.29, Med: 2.86, Min: 0
IBM: 1.53
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 1, Med: 1.84, Max: 2.42
Current: 1.53
1
2.42
Price-to-Free-Cash-Flow 10.20
Price-to-Free-Cash-Flow ranked higher than
84.31% of 924 companies
in the Information Technology Services industry.
Industry Max: 2237.2, Med: 28.2, Min: 0.08
IBM: 10.2
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 8, Med: 12.42, Max: 16.83
Current: 10.2
8
16.83
Price-to-Operating-Cash-Flow 7.78
Price-to-Operating-Cash-Flow ranked higher than
84.00% of 1181 companies
in the Information Technology Services industry.
Industry Max: 6271.25, Med: 20.26, Min: 0.04
IBM: 7.78
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 5.93, Med: 9.37, Max: 12.94
Current: 7.78
5.93
12.94
EV-to-EBIT 11.62
EV-to-EBIT ranked higher than
63.96% of 1537 companies
in the Information Technology Services industry.
Industry Max: 119475.88, Med: 18.1, Min: 0.05
IBM: 11.62
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 7.5, Med: 11.1, Max: 15.9
Current: 11.62
7.5
15.9
EV-to-EBITDA 8.45
EV-to-EBITDA ranked higher than
68.09% of 1661 companies
in the Information Technology Services industry.
Industry Max: 64649.64, Med: 14.06, Min: 0.01
IBM: 8.45
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 5.7, Med: 8.9, Max: 11.9
Current: 8.45
5.7
11.9
EV-to-Revenue 1.90
EV-to-Revenue ranked higher than
56.60% of 2327 companies
in the Information Technology Services industry.
Industry Max: 295554.27, Med: 2.52, Min: 0.01
IBM: 1.9
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 1.2, Med: 2.2, Max: 2.6
Current: 1.9
1.2
2.6
Shiller PE Ratio 10.26
Shiller PE Ratio ranked higher than
89.46% of 588 companies
in the Information Technology Services industry.
Industry Max: 13256.8, Med: 33.85, Min: 0.02
IBM: 10.26
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 8.76, Med: 17.68, Max: 25.86
Current: 10.26
8.76
25.86
Current Ratio 1.36
Current Ratio ranked lower than
71.95% of 2075 companies
in the Information Technology Services industry.
Industry Max: 672.73, Med: 1.93, Min: 0.01
IBM: 1.36
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.88, Med: 1.23, Max: 1.65
Current: 1.36
0.88
1.65
Quick Ratio 1.31
Quick Ratio ranked lower than
69.35% of 2075 companies
in the Information Technology Services industry.
Industry Max: 672.73, Med: 1.78, Min: 0.01
IBM: 1.31
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.82, Med: 1.11, Max: 1.36
Current: 1.31
0.82
1.36
Days Inventory 15.38
Days Inventory ranked higher than
52.36% of 1270 companies
in the Information Technology Services industry.
Industry Max: 73152.82, Med: 16.77, Min: 0.01
IBM: 15.38
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 13.56, Med: 16.5, Max: 18.24
Current: 15.38
13.56
18.24
Days Sales Outstanding 94.09
Days Sales Outstanding ranked lower than
85.16% of 2082 companies
in the Information Technology Services industry.
Industry Max: 989.79, Med: 66.86, Min: 0.02
IBM: 94.09
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 43.74, Med: 44.51, Max: 45.28
Current: 94.09
43.74
45.28
Days Payable 49.67
Days Payable ranked higher than
57.17% of 1870 companies
in the Information Technology Services industry.
Industry Max: 2567.37, Med: 44.89, Min: 0.02
IBM: 49.67
Ranked among companies with meaningful Days Payable only.
N/A

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 4.79
Trailing Dividend Yield ranked higher than
91.86% of 1450 companies
in the Information Technology Services industry.
Industry Max: 35.84, Med: 1.55, Min: 0.01
IBM: 4.79
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 1.31, Med: 2.05, Max: 5.6
Current: 4.79
1.31
5.6
Dividend Payout Ratio 0.66
Dividend Payout Ratio ranked higher than
73.56% of 919 companies
in the Information Technology Services industry.
Industry Max: 24.56, Med: 0.33, Min: 0.01
IBM: 0.66
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.22, Med: 0.26, Max: 0.96
Current: 0.66
0.22
0.96
3-Year Dividend Growth Rate (Per Share) 7.50
3-Year Dividend Growth Rate ranked lower than
54.60% of 619 companies
in the Information Technology Services industry.
Industry Max: 291.5, Med: 8.9, Min: -100
IBM: 7.5
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: -40.9, Med: 13.1, Max: 34.6
Current: 7.5
-40.9
34.6
Forward Dividend Yield % 4.90
Forward Dividend Yield ranked higher than
88.36% of 1375 companies
in the Information Technology Services industry.
Industry Max: 46.15, Med: 1.79, Min: 0.01
IBM: 4.9
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 8.09
Yield-on-Cost (5y) ranked higher than
91.91% of 1422 companies
in the Information Technology Services industry.
Industry Max: 107.53, Med: 2.13, Min: 0.01
IBM: 8.09
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 2.22, Med: 3.47, Max: 9.48
Current: 8.09
2.22
9.48
3-Year Share Buyback Rate 2.00
3-Year Share Buyback Rate ranked higher than
93.83% of 1507 companies
in the Information Technology Services industry.
Industry Max: 100, Med: -3.3, Min: -1487.4
IBM: 2
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -1, Med: 3.9, Max: 6.6
Current: 2
-1
6.6

Valuation & Return

Current vs industry vs history
Price-to-Projected-FCF 0.87
Price-to-Intrinsic-Value-Projected-FCF ranked higher than
84.67% of 907 companies
in the Information Technology Services industry.
Industry Max: 650.5, Med: 2.08, Min: 0.01
IBM: 0.87
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.71, Med: 1.16, Max: 6.04
Current: 0.87
0.71
6.04
Price-to-Median-PS-Value 0.83
Price-to-Median-PS-Value ranked higher than
62.37% of 2062 companies
in the Information Technology Services industry.
Industry Max: 78, Med: 1, Min: 0.02
IBM: 0.83
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.21, Med: 0.9, Max: 1.56
Current: 0.83
0.21
1.56
Earnings Yield (Joel Greenblatt) % 8.61
Earnings Yield (Greenblatt) ranked higher than
77.04% of 2413 companies
in the Information Technology Services industry.
Industry Max: 2103.44, Med: 2.07, Min: -5000
IBM: 8.61
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 6.3, Med: 9, Max: 13.4
Current: 8.61
6.3
13.4
Forward Rate of Return (Yacktman) % 3.28
Forward Rate of Return ranked lower than
67.84% of 939 companies
in the Information Technology Services industry.
Industry Max: 34548.51, Med: 10.12, Min: -301.2
IBM: 3.28
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: 0.8, Med: 15.5, Max: 23.6
Current: 3.28
0.8
23.6

More Statistics

Revenue (TTM) (Mil) $ 78,699
EPS (TTM) $ 9.48
Beta 1.62
Volatility % 34.58
52-Week Range $ 105.94 - 154.36
Shares Outstanding (Mil) 886.64

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 7
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy N
Less Shares Outstanding yoy Y
Higher Gross Margin yoy Y
Higher Asset Turnover yoy N