Company Valuation: IBM

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 119,866 127,382 149,341 203,265 276,878 234,125 - -
Change - 6.27% 17.24% 36.11% 36.22% -15.44% - -
Enterprise Value (EV) 1 164,013 169,490 192,426 243,433 323,667 284,755 276,186 266,846
Change - 3.34% 13.53% 26.51% 32.96% -12.02% -3.01% -3.38%
P/E 21x 78.3x 20.1x 34.2x 26.5x 24.2x 21.2x 18.5x
PBR 6.34x 5.8x 6.64x 7.46x - 6.08x 5.2x 4.44x
PEG - -1.1x 0x -1.6x 0.4x -3.05x 1.5x 1.3x
Capitalization / Revenue 2.09x 2.1x 2.41x 3.24x 4.1x 3.28x 3.14x 2.97x
EV / Revenue 2.86x 2.8x 3.11x 3.88x 4.79x 3.98x 3.7x 3.38x
EV / EBITDA - 11.5x 12.5x 14.8x 16.9x 13.9x 12.5x 11.3x
EV / EBIT - 17.1x 17.4x 21.6x 22.9x 18.7x 17x 15x
EV / FCF 25.2x 18.2x 17.2x 19.1x 22x 18.2x 16.3x 14.5x
FCF Yield 3.97% 5.48% 5.83% 5.24% 4.55% 5.51% 6.15% 6.9%
Dividend per Share 2 6.55 6.52 6.63 6.67 - 6.75 6.792 6.868
Rate of return 4.9% 4.63% 4.05% 3.03% - 2.71% 2.73% 2.76%
EPS 2 6.35 1.8 8.14 6.43 11.17 10.28 11.74 13.44
Distribution rate 103% 362% 81.4% 104% - 65.6% 57.9% 51.1%
Net sales 1 57,350 60,530 61,860 62,753 67,535 71,473 74,641 78,922
EBITDA 1 - 14,739 15,447 16,400 19,200 20,477 22,030 23,571
EBIT 1 - 9,937 11,052 11,263 14,126 15,258 16,278 17,836
Net income 1 5,743 1,639 7,502 6,023 10,593 9,937 11,532 12,821
Net Debt 1 44,147 42,108 43,085 40,168 46,789 50,630 42,061 32,720
Reference price 2 133.66 140.89 163.55 219.83 296.21 249.10 249.10 249.10
Nbr of stocks (in thousands) 896,800 904,126 913,119 924,645 934,735 939,885 - -
Announcement Date 24/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.13x2.59x9.53x5.87% 84.58B
-81.36x12.81x74.17x-.--% 80.51B
9.48x0.98x5.18x5.09% 78.57B
18.46x4.87x12.04x3.08% 54.76B
14.64x2.15x9x5.29% 48.42B
13.26x1.52x10.42x1.22% 36.03B
15.83x2.01x9.48x5.46% 33.35B
21.3x1.44x10.28x0.82% 32.73B
19.89x2.3x14.97x3.02% 27.24B
Average 5.07x 3.41x 17.23x 3.32% 52.91B
Weighted average by Cap. -1.36x 4.05x 20.40x 3.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!