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International Business Machines Corp Stock Research

IBM

124.70USD+1.42(+1.15%)Market Closed

Market Summary

USD124.70+1.42
Market Closed
1.15%

IBM Stock Price

IBM RSI Chart

IBM Valuation

Market Cap

112.7B

Price/Earnings (Trailing)

68.79

Price/Sales (Trailing)

1.86

EV/EBITDA

21.94

Price/Free Cashflow

12.4

IBM Price/Sales (Trailing)

IBM Profitability

Operating Margin

54.00%

EBT Margin

1.91%

Return on Equity

7.47%

Return on Assets

1.29%

Free Cashflow Yield

8.06%

IBM Fundamentals

IBM Revenue

Revenue (TTM)

60.5B

Revenue Y/Y

-0.02%

Revenue Q/Q

18.31%

IBM Earnings

Earnings (TTM)

1.6B

Earnings Y/Y

16.16%

Earnings Q/Q

184.79%

Price Action

52 Week Range

114.18153.21
(Low)(High)

Last 7 days

-3.7%

Last 30 days

-10.2%

Last 90 days

-13.4%

Trailing 12 Months

1.8%

IBM Financial Health

Current Ratio

0.92

Debt/Equity

2.03

Debt/Cashflow

0.22

IBM Investor Care

Dividend Yield

5.28%

Dividend/Share (TTM)

6.59

Shares Dilution (1Y)

0.78%

Diluted EPS (TTM)

1.8

Peers (Alternatives to International Business Machines)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
335.8B
22.2B
-6.13% 4.21%
33.82
15.1
17.76% 14.31%
159.4B
62.4B
-14.63% -21.30%
22.6
2.56
16.08% 13.77%
112.7B
60.5B
-10.24% 1.76%
68.79
1.86
5.54% -71.46%
44.5B
17.5B
-3.58% -28.15%
-82.3
2.54
-0.73% -425.19%
16.2B
5.8B
-7.80% -6.48%
30.38
2.77
8.54% -1.33%
MID-CAP
5.4B
14.8B
-21.29% -25.03%
7.52
0.36
-10.79% 217.70%
5.1B
3.4B
-9.00% -14.62%
22.13
1.52
12.13% 226.60%
4.0B
4.5B
-25.42% -36.83%
4.4
0.89
-11.74% 13.01%
SMALL-CAP
891.3M
149.6M
21.20% -68.36%
-3.32
5.96
61.17% -407.23%
571.5M
279.2M
-30.85% -51.37%
44.52
2.05
27.35% 125.63%
281.1M
417.8M
-8.76% -7.47%
-10.38
1.26
224.00% -66.06%
233.9M
2.0B
-37.32% -83.97%
-2.21
0.12
-3.63% 76.37%
40.2M
69.4M
-21.21% -51.70%
-7.32
0.58
12.09% -1604.81%

Financials for International Business Machines

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.0%60,53060,53359,67758,36057,350
Cost Of Revenue-0.5%27,84227,98027,44826,56825,865
Gross Profit0.4%32,68732,55632,23231,79431,486
  S&GA Expenses-0.7%18,60918,74618,66118,65518,745
  R&D Expenses-0.3%6,5676,5886,5836,5516,488
EBITDA6.1%4,7794,5058,9638,568-
EBITDA Margin6.1%0.08*0.07*0.14*0.16*-
Earnings Before Taxes62.1%1,1567136,0275,2174,837
EBT Margin62.1%0.02*0.01*0.07*0.07*-
Interest Expenses0.8%1,2161,2061,2011,1851,155
Net Income29.9%1,6391,2625,5885,5215,743
Net Income Margin29.9%0.03*0.02*0.09*0.10*-
Free Cahsflow19.2%9,0897,6278,1989,281-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.1%127,243125,850127,503133,275132,001
  Current Assets0.4%29,11828,99927,89631,33029,539
    Cash Equivalents0.9%7,8867,8167,0349,9346,650
  Inventory-13.5%1,5521,7941,6841,7761,649
  Net PPE3.6%5,3345,1505,2755,5595,694
  Goodwill3.2%55,94954,21855,03956,10655,643
Liabilities-0.5%105,222105,703108,026114,162113,005
  Current Liabilities3.4%31,50530,46631,84434,05633,619
.    Short Term Borrowings-19.8%4,7605,9375,9817,6906,787
  Long Term Debt-44,917----
    LT Debt, Non Current2.8%46,18944,94244,32846,54544,917
Shareholder's Equity9.3%21,94420,07619,47619,11218,901
  Retained Earnings0.8%149,825148,611153,298153,401154,209
Accumulated Depreciation-1.2%13,36113,52513,80414,44814,390
Shares Outstanding0.3%904901899--
Minority Interest8.5%77.0071.0067.0062.0095.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations15.8%10,4359,0149,82611,13012,796
  Share Based Compensation-1.5%9871,0021,0131,003982
Cashflow From Investing-18.1%-4,202-3,558-2,490-5,333-5,975
Cashflow From Financing-3.3%-4,958-4,798-7,259-6,194-13,354
  Dividend Payments0.3%5,9485,9285,9085,8875,869

Risks for IBM

What is the probability of a big loss on IBM?

39.2%


Probability that International Business Machines stock will be more than 20% underwater in next one year

20.4%


Probability that International Business Machines stock will be more than 30% underwater in next one year.

0%


Probability that International Business Machines stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IBM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if International Business Machines was unfortunately bought at previous high price.

Drawdowns

Returns for IBM

Cumulative Returns on IBM

-1.3%


10-Year Cumulative Returns

2.7%


7-Year Cumulative Returns

0.2%


5-Year Cumulative Returns

11.0%


3-Year Cumulative Returns

What are the long-term rolling returns for IBM?

FIve years rolling returns for International Business Machines.

Annualized Returns

Which funds bought or sold IBM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-0.09
2,094,610
13,439,600
0.38%
2023-03-13
Claro Advisors LLC
added
9.94
86,682
975,682
0.32%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
3.47
31,550,400
170,509,000
0.19%
2023-03-10
MATHER GROUP, LLC.
reduced
-10.36
36,430
609,430
0.01%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-8.78
81,757
935,757
0.07%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-1.13
6,876,000
46,757,000
0.23%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
2.61
167,863
940,863
0.06%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
added
2.6
886,188
4,977,190
1.89%
2023-03-03
TIAA, FSB
reduced
-0.85
2,080,210
13,910,200
0.06%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
1,787,190
1,787,190
0.02%

1–10 of 46

Latest Funds Activity

Are funds buying IBM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own IBM
No. of Funds

International Business Machines News

Nasdaq

Best Dividend Stocks To Watch In 2023? 3 To Know.

Nasdaq,
37 hours ago

Nasdaq

The Globe and Mail

Schedule 13G FIlings of International Business Machines

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.86%
80,144,196
SC 13G/A
Feb 03, 2023
blackrock inc.
8.0%
72,337,762
SC 13G/A
Feb 14, 2022
state street corp
5.93%
53,156,014
SC 13G/A
Feb 10, 2022
vanguard group inc
8.42%
75,553,655
SC 13G/A
Feb 01, 2022
blackrock inc.
7.3%
65,452,374
SC 13G/A
Feb 12, 2021
state street corp
5.83%
51,957,682
SC 13G
Feb 10, 2021
vanguard group inc
8.28%
73,806,391
SC 13G/A
Jan 29, 2021
blackrock inc.
7.0%
62,271,273
SC 13G/A
Feb 13, 2020
state street corp
6.16%
54,521,224
SC 13G
Feb 12, 2020
vanguard group inc
8.29%
73,435,581
SC 13G/A

IBM Fair Value

International Business Machines fair value in different scenarios

The table shows the Fair Value estimates for International Business Machines for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

38.70

-68.97%

52.36

-58.01%

58.01

-53.48%

76.36

-38.77%

98.34

-21.14%
Current Inflation

36.06

-71.08%

53.86

-56.81%

67.63

-45.77%

81.01

-35.04%

94.65

-24.10%
Very High Inflation

34.34

-72.46%

45.44

-63.56%

50.13

-59.80%

63.93

-48.73%

80.77

-35.23%

Historical International Business Machines Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of International Business Machines

View All Filings
Date Filed Form Type Document
Mar 06, 2023
ARS
ARS
Mar 06, 2023
DEF 14A
DEF 14A
Mar 06, 2023
DEFA14A
DEFA14A
Feb 28, 2023
10-K
Annual Report
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading

Latest Insider Trading transactions for IBM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-21
COHN GARY D
acquired
-
-
2,722
vice chairman
2023-02-21
KRISHNA ARVIND
sold (taxes)
-342,754
133
-2,577
chairman and ceo
2023-02-21
KAVANAUGH JAMES J
acquired
-
-
3,380
sr. vp and cfo
2023-02-21
BROWDY MICHELLE H
acquired
-
-
1,877
senior vice president
2023-02-21
KAVANAUGH JAMES J
sold (taxes)
-225,310
133
-1,694
sr. vp and cfo
2023-02-21
KRISHNA ARVIND
acquired
-
-
5,163
chairman and ceo
2023-02-21
COHN GARY D
sold (taxes)
-200,306
133
-1,506
vice chairman
2023-02-21
LAMOREAUX NICKLE JACLYN
sold (taxes)
-50,408
133
-379
senior vice president
2023-02-21
Rosamilia Thomas W
sold (taxes)
-163,862
133
-1,232
senior vice president
2023-02-21
Fehring Nicolas A.
sold (taxes)
-18,753
133
-141
vp, controller

1–10 of 50

Arvind Krishna
65535
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.

IBM Income Statement

2022-12-31
CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue (Note D)$ 60,530$ 57,350$ 55,179
Cost27,84225,86524,314
Gross profit32,68731,48630,865
Expense and other (income)   
Selling, general and administrative18,60918,74520,561
Research, development and engineering (Note G)6,5676,4886,262
Intellectual property and custom development income(663)(612)(620)
Other (income) and expense (Note A)5,803873802
Interest expense (Note P&T)1,2161,1551,288
Total expense and other (income)31,53126,64928,293
Income from continuing operations before income taxes1,1564,8372,572
Provision for/(benefit from) income taxes (Note H)(626)124(1,360)
Income from continuing operations1,7834,7123,932
Income/(loss) from discontinued operations, net of tax (Note C)(143)1,0301,658
Net income$ 1,639$ 5,743$ 5,590
Assuming dilution   
Continuing operations (in dollars per share) (Note I)$ 1.95$ 5.21$ 4.38
Discontinued operations (in dollars per share) (Note I)(0.16)1.141.85
Total (in dollars per share) (Note I)1.806.356.23
Basic   
Continuing operations (in dollars per share) (Note I)1.975.264.42
Discontinued operations (in dollars per share) (Note I)(0.16)1.151.86
Total (in dollars per share) (Note I)$ 1.82$ 6.41$ 6.28
Weighted-average number of common shares outstanding   
Assuming dilution (in shares)912,269,062904,641,001896,563,971
Basic (in shares)902,664,190895,990,771890,348,679
Services   
Revenue (Note D)$ 30,206$ 29,225$ 27,626
Cost21,06219,14717,689
Sales   
Revenue (Note D)29,67327,34626,569
Cost6,3746,1846,048
Financing.   
Revenue (Note D)651780984
Cost$ 406$ 534$ 577

IBM Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 7,886$ 6,650
Restricted cash103307
Marketable securities (Note J)852600
Notes and accounts receivable-trade (net of allowances of $233 in 2022 and $218 in 2021)6,5416,754
Short-term financing receivables, held for investment (net of allowances of $145 in 2022 and $176 in 2021) (Note L)6,8517,221
Short-term financing receivables, held for sale (Note L)939793
Other accounts receivable (net of allowances of $89 in 2022 and $24 in 2021)8171,002
Inventory (Note K)1,5521,649
Deferred costs (Note D)9671,097
Prepaid expenses and other current assets2,6113,466
Total current assets29,11829,539
Property, plant and equipment (Note M)18,69520,085
Less: Accumulated depreciation (Note M)13,36114,390
Property, plant and equipment - net (Note M)5,3345,694
Operating right-of-use assets-net (Note N)2,8783,222
Long-term financing receivables (net of allowances of $28 in 2022 and $25 in 2021)5,8065,425
Prepaid pension assets (Note V)8,2369,850
Deferred costs (Note D)866924
Deferred taxes (Note H)6,2567,370
Goodwill (Note O)55,94955,643
Intangible assets-net (Note O)11,18412,511
Investments and sundry assets1,6171,823
Total assets127,243132,001
Current liabilities  
Taxes (Note H)2,1962,289
Short-term debt (Note J&P)4,7606,787
Accounts payable4,0513,955
Compensation and benefits3,4813,204
Deferred income12,03212,518
Operating lease liabilities (Note N)874974
Other accrued expenses and liabilities4,1113,892
Total current liabilities31,50533,619
Long-term debt (Note J&P)46,18944,917
Retirement and nonpension postretirement benefit obligations (Note V)9,59614,435
Deferred income3,4993,577
Operating lease liabilities (Note N)2,1902,462
Other liabilities (Note Q)12,24313,996
Total liabilities105,222113,005
Commitments and Contingencies (Note R)
IBM stockholders' equity  
Common stock, par value $.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2022-2,257,116,920; 2021-2,248,577,848)58,34357,319
Retained earnings149,825154,209
Treasury stock, at cost (shares: 2022-1,351,024,943; 2021-1,350,509,249)(169,484)(169,392)
Accumulated other comprehensive income/(loss)(16,740)(23,234)
Total IBM stockholders' equity21,94418,901
Noncontrolling interests (Note A)7795
Total equity22,02118,996
Total liabilities and equity$ 127,243$ 132,001