Total Valuation
IBM has a market cap or net worth of $180.18 billion. The enterprise value is $220.55 billion.
| Market Cap | 180.18B |
| Enterprise Value | 220.55B |
Important Dates
The next estimated earnings date is Wednesday, April 17, 2024, after market close.
| Earnings Date | Apr 17, 2024 |
| Ex-Dividend Date | Feb 8, 2024 |
Share Statistics
IBM has 916.75 million shares outstanding. The number of shares has increased by 1.07% in one year.
| Shares Outstanding | 916.75M |
| Shares Change (YoY) | +1.07% |
| Shares Change (QoQ) | +0.40% |
| Owned by Insiders (%) | 0.10% |
| Owned by Institutions (%) | 60.63% |
| Float | 913.22M |
Valuation Ratios
The trailing PE ratio is 24.14 and the forward PE ratio is 19.32. IBM's PEG ratio is 4.54.
| PE Ratio | 24.14 |
| Forward PE | 19.32 |
| PS Ratio | 2.91 |
| Forward PS | 2.79 |
| PB Ratio | 8.00 |
| P/FCF Ratio | 14.48 |
| PEG Ratio | 4.54 |
Financial Ratio History
Enterprise Valuation
The stock's EV/EBITDA ratio is 15.02, with an EV/FCF ratio of 17.73.
| EV / Earnings | 29.40 |
| EV / Sales | 3.57 |
| EV / EBITDA | 15.02 |
| EV / EBIT | 21.44 |
| EV / FCF | 17.73 |
Financial Position
The company has a current ratio of 0.96, with a Debt / Equity ratio of 2.66.
| Current Ratio | 0.96 |
| Quick Ratio | 0.80 |
| Debt / Equity | 2.66 |
| Debt / EBITDA | 4.08 |
| Debt / FCF | 4.82 |
| Interest Coverage | 6.40 |
Financial Efficiency
Return on equity (ROE) is 33.60% and return on invested capital (ROIC) is 10.79%.
| Return on Equity (ROE) | 33.60% |
| Return on Assets (ROA) | 5.70% |
| Return on Capital (ROIC) | 10.79% |
| Revenue Per Employee | $219,206 |
| Profits Per Employee | $26,584 |
| Employee Count | 282,200 |
| Asset Turnover | 0.47 |
| Inventory Turnover | 20.32 |
Taxes
In the past 12 months, IBM has paid $1.18 billion in taxes.
| Income Tax | 1.18B |
| Effective Tax Rate | 13.55% |
Stock Price Statistics
The stock price has increased by +53.25% in the last 52 weeks. The beta is 0.71, so IBM's price volatility has been lower than the market average.
| Beta (1Y) | 0.71 |
| 52-Week Price Change | +53.25% |
| 50-Day Moving Average | 177.90 |
| 200-Day Moving Average | 152.16 |
| Relative Strength Index (RSI) | 70.80 |
| Average Volume (30 Days) | 5,141,875 |
Short Selling Information
The latest short interest is 21.61 million, so 2.36% of the outstanding shares have been sold short.
| Short Interest | 21.61M |
| Short Previous Month | 24.91M |
| Short % of Shares Out | 2.36% |
| Short % of Float | 2.37% |
| Short Ratio (days to cover) | 3.42 |
Income Statement
In the last 12 months, IBM had revenue of $61.86 billion and earned $7.50 billion in profits. Earnings per share was $8.14.
| Revenue | 61.86B |
| Gross Profit | 34.30B |
| Operating Income | 10.30B |
| Pretax Income | 8.68B |
| Net Income | 7.50B |
| EBITDA | 14.68B |
| EBIT | 10.29B |
| Earnings Per Share (EPS) | $8.14 |
Full Income Statement
Balance Sheet
The company has $19.56 billion in cash and $59.94 billion in debt, giving a net cash position of -$40.37 billion or -$44.04 per share.
| Cash & Cash Equivalents | 19.56B |
| Total Debt | 59.94B |
| Net Cash | -40.37B |
| Net Cash Per Share | -$44.04 |
| Equity / Book Value | 22.53B |
| Book Value Per Share | 24.58 |
| Working Capital | -1.21B |
Full Balance Sheet
Cash Flow
In the last 12 months, operating cash flow was $13.93 billion and capital expenditures -$1.49 billion, giving a free cash flow of $12.44 billion.
| Operating Cash Flow | 13.93B |
| Capital Expenditures | -1.49B |
| Free Cash Flow | 12.44B |
| FCF Per Share | $13.65 |
Full Cash Flow Statement
Margins
Gross margin is 55.45%, with operating and profit margins of 16.64% and 12.13%.
| Gross Margin | 55.45% |
| Operating Margin | 16.64% |
| Pretax Margin | 14.03% |
| Profit Margin | 12.13% |
| EBITDA Margin | 23.73% |
| EBIT Margin | 16.63% |
| FCF Margin | 20.11% |
Dividends & Yields
This stock pays an annual dividend of $6.64, which amounts to a dividend yield of 3.38%.
| Dividend Per Share | $6.64 |
| Dividend Yield | 3.38% |
| Dividend Growth (YoY) | 0.61% |
| Years of Dividend Growth | 28 |
| Payout Ratio | 81.57% |
| Buyback Yield | -1.07% |
| Shareholder Yield | 2.30% |
| Earnings Yield | 4.16% |
| FCF Yield | 6.91% |
Dividend Details
Analyst Forecast
The average price target for IBM is $170.50, which is -13.25% lower than the current price. The consensus rating is "Buy".
| Price Target | $170.50 |
| Price Target Difference | -13.25% |
| Analyst Consensus | Buy |
| Analyst Count | 12 |
| Revenue Growth Forecast (5Y) | 4.66% |
| EPS Growth Forecast (5Y) | n/a |
Stock Forecasts
Stock Splits
The last stock split was on November 4, 2021. It was a forward split with a ratio of 1046:1000.
| Last Split Date | Nov 4, 2021 |
| Split Type | Forward |
| Split Ratio | 1046:1000 |
Scores
IBM has an Altman Z-Score of 3.22 and a Piotroski F-Score of 6.
| Altman Z-Score | 3.22 |
| Piotroski F-Score | 6 |
