Revenues: $ 98.3 billion Debt: $ 46.5 billion
Cash: $ 9.7 billion Num Shares: 997.6 million

Int'l Business Mach. (IBM)

Mayukh's estimated value: $120.81 Market price: $191.61 37.00 %
24th Apr 2013

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Trends

Relative Value

IBM SNE AAPL HPQ PC
1yr performance 4.60% -6.54% 45.00% 70.86% -21.66%
Price/Earnings 11.54 0.0 15.81 13.57 0.0
Price/Book 10.89 0.82 4.94 2.81 1.11
EV/EBITDA 10.10 1.24 10.81 5.64 6.03
ROE 0.94% -0.04% 0.31% 0.21% -1.14%
ROA 0.11% 0.01% 0.15% 0.05% 0.01%
Debt 46.5 billion 10.2 billion 31.0 billion 19.8 billion 19.8 billion
Cash 9.7 billion 14.8 billion 37.9 billion 14.5 billion 6.0 billion
Analyst Expected 5 yr Revenue Growth 8.70% 55.3% 11.9% 4.74% 0.0%

Valuation details

PastFuture
Years2010201120122013201420152016201720182019202020212022
Revenue Growth Estimate4.3%7.05%-2.25%5.0%5.0%5.0%5.0%5.0%4.4%3.8%3.2%2.6%2.0%
Revenues99.9 billion106.9 billion104.5 billion108.4 billion113.8 billion119.5 billion125.5 billion131.8 billion137.6 billion142.8 billion147.4 billion151.2 billion154.2 billion
Operating Margins20.12%20.03%21.4%20.51%20.51%20.51%20.51%20.51%19.41%18.31%17.21%16.11%15.0%
Operating Income20.1 billion21.4 billion22.4 billion22.2 billion23.3 billion24.5 billion25.7 billion27.0 billion26.7 billion26.1 billion25.4 billion24.4 billion23.1 billion
Taxes24.8%24.5%24.2%28.0%28.0%28.0%28.0%28.0%30.4%32.8%35.2%37.6%40.0%
Sales Cap2.222.492.4332.2532.2532.2532.2532.256.503.462.241.561.09
Reinvestment Rate-14.0%-12.0%-3.0%1.0%1.0%1.0%1.0%1.0%4.8%8.6%12.4%16.2%20.0%
Reinvestments- 1.7 billion- 1.5 billion- 469.4 million160.1 million168.1 million176.5 million185.3 million194.6 million892.0 million1.5 billion2.0 billion2.5 billion2.8 billion
Free Cashflows5.8 billion9.9 billion8.0 billion15.8 billion16.6 billion17.5 billion18.3 billion19.3 billion17.7 billion16.1 billion14.4 billion12.7 billion11.1 billion
Cost of Capital9.0%9.0%9.0%10.0%10.0%10.0%10.0%10.0%10.0%10.0%10.0%10.0%10.0%
Present Value Cashflows0.0.000.0.000.0.0014.4 billion13.8 billion13.1 billion12.5 billion11.9 billion9.9 billion8.2 billion6.8 billion5.3 billion4.3 billion

Summary

PV Terminal Value: 55.2 billion
Operating Value: 155.5 billion
Cash: 12.0 billion
Debt: 33.4 billion
Num of shares: 1.1 billion