|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 197.52 EUR | -1.98% |
|
+9.82% | -23.91% |
| 29/07 | Daiwa Securities Adjusts Price Target on IBM to $217 From $247, Maintains Neutral Rating | MT |
| 29/07 | Citic Securities Adjusts Price Target on IBM to $297 From $294, Maintains Buy Rating | MT |
Company Valuation: IBM
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 1,19,866 | 1,27,382 | 1,49,341 | 2,03,265 | 2,76,878 | 2,13,337 | - | - |
| Change | - | 6.27% | 17.24% | 36.11% | 36.22% | -22.95% | - | - |
| Enterprise Value (EV) 1 | 1,64,013 | 1,69,490 | 1,92,426 | 2,43,433 | 3,23,667 | 2,56,650 | 2,46,901 | 2,41,777 |
| Change | - | 3.34% | 13.53% | 26.51% | 32.96% | -20.71% | -3.8% | -2.08% |
| P/E | 21x | 78.3x | 20.1x | 34.2x | 26.5x | 22.5x | 20.1x | 17.8x |
| PBR | 6.34x | 5.8x | 6.64x | 7.46x | 8.5x | 5.54x | 4.78x | 4.12x |
| PEG | - | -1.1x | 0x | -1.6x | 0.4x | -2.3x | 1.7x | 1.4x |
| Capitalization / Revenue | 2.09x | 2.1x | 2.41x | 3.24x | 4.1x | 3.03x | 2.91x | 2.77x |
| EV / Revenue | 2.86x | 2.8x | 3.11x | 3.88x | 4.79x | 3.65x | 3.37x | 3.14x |
| EV / EBITDA | - | 11.5x | 12.5x | 14.8x | 16.9x | 12.7x | 11.5x | 10.6x |
| EV / EBIT | - | 17.1x | 17.4x | 21.6x | 22.9x | 17.1x | 15.4x | 13.7x |
| EV / FCF | 25.2x | 18.2x | 17.2x | 19.1x | 22x | 16.6x | 14.4x | 13.4x |
| FCF Yield | 3.97% | 5.48% | 5.83% | 5.24% | 4.55% | 6.03% | 6.95% | 7.47% |
| Dividend per Share 2 | 6.55 | 6.52 | 6.63 | 6.67 | 6.71 | 6.759 | 6.799 | 6.875 |
| Rate of return | 4.9% | 4.63% | 4.05% | 3.03% | 2.27% | 2.98% | 3% | 3.04% |
| EPS 2 | 6.35 | 1.8 | 8.14 | 6.43 | 11.17 | 10.08 | 11.29 | 12.72 |
| Distribution rate | 103% | 362% | 81.4% | 104% | 60.1% | 67.1% | 60.2% | 54% |
| Net sales 1 | 57,350 | 60,530 | 61,860 | 62,753 | 67,535 | 70,375 | 73,260 | 77,067 |
| EBITDA 1 | - | 14,739 | 15,447 | 16,400 | 19,200 | 20,153 | 21,555 | 22,784 |
| EBIT 1 | - | 9,937 | 11,052 | 11,263 | 14,126 | 14,973 | 15,999 | 17,606 |
| Net income 1 | 5,743 | 1,639 | 7,502 | 6,023 | 10,593 | 9,810 | 11,336 | 12,506 |
| Net Debt 1 | 44,147 | 42,108 | 43,085 | 40,168 | 46,789 | 43,313 | 33,564 | 28,440 |
| Reference price 2 | 133.66 | 140.89 | 163.55 | 219.83 | 296.21 | 226.44 | 226.44 | 226.44 |
| Nbr of stocks (in thousands) | 8,96,800 | 9,04,126 | 9,13,119 | 9,24,645 | 9,34,735 | 9,42,134 | - | - |
| 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.($) | ||
|---|---|---|---|---|---|---|
| 12.82x | 1.42x | 7.44x | 3.75% | 11TCr | ||
| -99.09x | 15.69x | 90.82x | -.--% | 9.81TCr | ||
| 15.87x | 2.9x | 10.97x | 5.18% | 9.24TCr | ||
| 22.58x | 5.8x | 14.27x | 2.54% | 6.67TCr | ||
| 15.13x | 2.21x | 9.37x | 5.16% | 4.89TCr | ||
| 21.96x | 1.78x | 11.22x | 1.35% | 4.07TCr | ||
| 18.31x | 2.35x | 11.27x | 4.72% | 3.8TCr | ||
| 20.58x | 1.52x | 9.59x | 0.92% | 3.73TCr | ||
| 20.75x | 2.41x | 15.72x | 2.89% | 2.82TCr | ||
| Average | 5.43x | 4.01x | 20.07x | 2.95% | 6.18TCr | |
| Weighted average by Cap. | -3.06x | 4.92x | 24.81x | 2.96% |
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
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