International Business Machines Corp.
IBM
Market Cap$166.36B
Close$
Earnings Call Q4 2023
January 24, 2024 - AI Summary
IBM reported solid fourth-quarter and full-year results, with revenue growth of 3% and over $11 billion in free cash flow.
The company is confident in achieving its midterm revenue model, with mid-single digit revenue growth expected for 2024.
AI remains a key focus for IBM, with the launch of watsonx and strong demand for generative AI solutions. The book of business related to generative AI doubled in the fourth quarter, with a balance between software transactions and consulting signings.
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$214.45
16.5% upside
Current Fair Value
16.5% upsideUndervalued by 16.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $166.36 Billion |
|---|---|
| Enterprise Value | $203.37 Billion |
| Dividend Yield | $6.5396 (3.6%) |
| Earnings per Share | $8.14 |
| Beta | 0.69 |
| Outstanding Shares | 916,744,848 |
| Avg 30 Day Volume | 3,337,069 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 22.18 |
|---|---|
| PEG | 104.41 |
| Price to Sales | 2.75 |
| Price to Book Ratio | 7.67 |
| Enterprise Value to Revenue | 3.29 |
| Enterprise Value to EBIT | 21.68 |
| Enterprise Value to Net Income | 27 |
| Total Debt to Enterprise | 0.28 |
| Debt to Equity | 2.51 |
Revenue Sources
No data
ESG Score
No data
About International Business Machines Corp.
CEO: Virginia Rometty