Revenues: $ 99.8 billion Debt: $ 39.7 billion
Cash: $ 11.1 billion Num Shares: 1.0 billion

Int'l Business Mach. (IBM)

Mayukh's estimated value: $164.64 Market price: $193.95 15.00 %
26th Apr 2013

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Trends

Relative Value

IBM SNE AAPL HPQ PC
1yr performance -8.42% 11.81% 30.79% 48.57% -21.66%
Price/Earnings 12.13 14.5 12.81 11.37 0.0
Price/Book 11.25 0.85 3.84 2.45 1.11
EV/EBITDA 10.03 2.17 8.08 5.22 6.03
ROE 0.93% 0.06% 0.3% 0.22% -1.14%
ROA 0.10% 0.0% 0.15% 0.05% 0.01%
Debt 39.7 billion 16.7 billion 17.0 billion 24.7 billion 19.8 billion
Cash 11.1 billion 7.8 billion 40.8 billion 16.2 billion 6.0 billion
Analyst Expected 5 yr Revenue Growth 8.86% 53.8% 19.11% 4.5% 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%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%
Operating Income20.1 billion21.4 billion22.4 billion21.7 billion22.8 billion23.9 billion25.1 billion26.4 billion27.5 billion28.6 billion29.5 billion30.2 billion30.8 billion
Taxes24.8%24.5%24.2%24.2%24.2%24.2%24.2%24.2%27.36%30.52%33.68%36.84%40.0%
Sales Cap2.222.492.4331.4131.4131.4131.4131.4114.5013.1711.6910.038.17
Reinvestment Rate-14.0%-12.0%-3.0%1.0%1.0%1.0%1.0%1.0%2.0%2.0%2.0%2.0%2.0%
Reinvestments- 1.7 billion- 1.5 billion- 469.4 million164.3 million172.6 million181.2 million190.2 million199.8 million399.7 million396.8 million390.9 million382.0 million370.1 million
Free Cashflows5.8 billion9.9 billion8.0 billion16.3 billion17.1 billion17.9 billion18.8 billion19.8 billion19.6 billion19.4 billion19.2 billion18.7 billion18.1 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 Cashflows0.0.000.0.000.0.0014.8 billion14.2 billion13.5 billion12.8 billion12.3 billion11.0 billion9.9 billion9.0 billion7.9 billion7.1 billion

Summary

PV Terminal Value: 91.8 billion
Operating Value: 204.2 billion
Cash: 12.0 billion
Debt: 33.4 billion
Num of shares: 1.1 billion