| Company Name: | International Business Machines Corporation | | Ticker Symbol: | IBM | | | WWW Address: | www.ibm.com | | CEO: | Samuel J. Palmisano | | No. of Employees: | 398,455 | | Common Issue Type: | CS | | Business Description: | A globally-integrated enterprise, which creates business value for clients and solves business problems through integrated solutions that leverage information technology and deep knowledge of business processes.
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| | | Industry Information: | COMPUTER HARDWARE - Diversified Computer Systems [more like this] |
| | Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 126.96 |  -0.58 | 124.55 | 129.42 | 127.17 | 127.69 | 126.46 | 5354701 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 166,774.7 | 1,313.6 | 0.81 | 8.93 | 1.90 | 13.1 | 1.7 | 128.66 - 75.00 |
| | KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 126.96 | $ | | PE Ratio - LTM | 13.1 | |
| Market Capitalisation | 166,775.0 | mil |
| Latest Shares Outstanding | 1,313.6 | mil |
| Earnings pS (EPS) | 8.93 | $ |
| Dividend pS (DPS) | 1.90 | ¢ |
| Dividend Yield | 1.7 | % |
| Dividend Payout Ratio | 21 | % |
| Revenue per Employee | 260,080 | $ |
| Effective Tax Rate | 26.2 | % |
| Float | 1,309.4 | mil |
| Float as % of Shares Outstanding | 99.9 | % |
| Foreign Sales | 58,131 | mil |
| Domestic Sales | 42,807 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 22.50 | % |
| Research & Devlopment (R&D) as % of Revenue | 6.20 | % |
| Gross Profit Margin | 51.1 | % |
| EBITDA Margin | 22.5 | % |
| Pre-Tax Profit Margin | 18.4 | % |
| Assets Turnover | 0.9 | % |
| Return on Assets (ROA) | 12.6 | % |
| Return on Equity (ROE) | 70.5 | % |
| Return on Capital Invested (ROCI) | 33.4 | % |
| Current Ratio | 1.3 | |
| Leverage Ratio (Assets/Equity) | 5.6 | |
| Interest Cover | 35.3 | |
| Total Debt/Equity (Gearing Ratio) | 1.38 | |
| LT Debt/Total Capital | 53.0 | % |
| Working Capital pS | 7.98 | $ |
| Cash pS | 7.26 | $ |
| Book-Value pS | 14.08 | $ |
| Tangible Book-Value pS | -2.45 | $ |
| Cash Flow pS | 13.77 | $ |
| Free Cash Flow pS | 10.77 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 9.02 | |
| Price/Tangible Book Ratio | -51.87 | |
| Price/Cash Flow | 9.2 | |
| Price/Free Cash Flow | 11.8 | |
| P/E as % of Industry Group | 59.0 | % |
| P/E as % of Sector Segment | 91.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 10/27/2009 |
| Dividend Ex-Date | 11/05/2009 |
| Dividend Record Date | 11/09/2009 |
| Dividend Pay Date | 12/09/2009 |
| Dividend Amount | 550 |
| Type of Payment | Cash Payment |
| Dividend Rate | 2.20 |
| Current Dividend Yield | 1.7 |
| 5-Y Average Dividend Yield | 1.4 |
| Payout Ratio | 21.0 |
| 5-Y Average Payout Ratio | 18.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
|
 | | | | | PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | -0.1 | 100 | 60,056 | 292,647 |
| 4 Weeks | 128.66 | 119.15 | 120.36 | 5.5 | 104 | 64,488 | 1,289,756 |
| 13 Weeks | 128.66 | 115.15 | 119.90 | 5.9 | 100 | 67,286 | 4,306,310 |
| 26 Weeks | 128.66 | 99.50 | 101.89 | 24.6 | 101 | 68,368 | 8,682,693 |
| 52 Weeks | 128.66 | 75.00 | 74.88 | 69.6 | 124 | 85,033 | 21,343,306 |
| YTD | 128.66 | 81.76 | - | 50.9 | 125 | 84,932 | 19,109,617 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 127.90 | 127.29 | 122.94 | 114.49 | 109.17 | 0.81 | 0.73 |
| | | | GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 1.22 | 23.3 | 2.53 |
| Income | 15.62 | 94.5 | 16.40 |
| Dividend | 26.38 | 96.4 | 23.95 |
| Capital Spending | 10.42 | NA | 20.25 |
| R&D | 1.99 | NA | 0.05 |
| Normalized Inc. | 15.46 | NA | 16.56 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -10.6 | -6.9 | 4.9 |
| Earnings % | 8.9 | 13.8 | 18.4 |
| EPS % | 13.0 | 17.1 | 24.4 |
| EPS $ | 0.74 | 0.35 | 1.75 |
| | | | SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 6.00 |
| Current Ratio | 1.2 |
| Quick Ratio (Acid Test) | 1.0 |
| Liquidity Ratio (Cash) | 0.30 |
| Receivables Turnover | 3.7 |
| Average Collection Period | 97 |
| Working Capital/Equity | 48.8 |
| Working Capital pS | 4.90 |
| Cash-Flow pS | 13.26 |
| Free Cash-Flow pS | 3.80 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 2.73 |
| Financial Leverage Ratio (Assets/Equity) | 8.1 |
| Debt Ratio | 87.7 |
| Total Debt/Equity (Gearing Ratio) | 2.52 |
| LT Debt/Equity | 1.69 |
| LT Debt/Capital Invested | 148.3 |
| LT Debt/Total Liabilities | 23.6 |
| Interest Cover | 25.8 |
| Interest/Capital Invested | 1.00 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 16.52 |
| Tobin's Q Ratio | 1.52 |
| Current P/E Ratio - LTM | 13.10 |
| Enterprise Value (EV)/EBITDA | 11.69 |
| Enterprise Value (EV)/Free Cash Flow | 50.52 |
| Dividend Yield | 1.7 |
| Price/Tangible Book Ratio - LTM | -51.87 |
| Price/Book Ratio - LTM | 9.02 |
| Price/Cash Flow Ratio | 9.2 |
| Price/Free Cash Flow Ratio - LTM | 11.8 |
| Price/Sales Ratio | 1.75 |
| P/E Ratio (1 month ago) - LTM | 12.7 |
| P/E Ratio (26 weeks ago) - LTM | 11.3 |
| P/E Ratio (52 weeks ago) - LTM | 9.0 |
| 5-Y High P/E Ratio | 20.4 |
| 5-Y Low P/E Ratio | 7.8 |
| 5-Y Average P/E Ratio | 15.4 |
| Current P/E Ratio as % of 5-Y Average P/E | 85 |
| P/E as % of Industry Group | 59.0 |
| P/E as % of Sector Segment | 91.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 13.1 |
| PER SHARE FIGURES |
| LT Debt pS | 16.91 |
| Current Liabilities pS | 31.63 |
| Tangible Book Value pS - LTM | -2.45 |
| Book Value pS - LTM | 14.08 |
| Capital Invested pS | 27.52 |
| Cash pS - LTM | 7.26 |
| Cash Flow pS - LTM | 13.77 |
| Free Cash Flow pS - LTM | 10.77 |
| Earnings pS (EPS) | 8.93 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 4.92 |
| Free Cash Flow Margin 5YEAR AVG | 7.00 |
| Net Profit Margin | 11.9 |
| Net Profit Margin - 5YEAR AVRG. | 10.1 |
| Equity Productivity | 7.70 |
| Return on Equity (ROE) | 91.6 |
| Return on Equity (ROE) - 5YEAR AVRG. | 36.5 |
| Capital Invested Productivity | 2.87 |
| Return on Capital Invested (ROCI) | 34.1 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 21.8 |
| Assets Productivity | 0.90 |
| Return on Assets (ROA) | 11.3 |
| Return on Assets (ROA) - 5YEAR AVRG. | 8.9 |
| Gross Profit Margin | 51.1 |
| Gross Profit Margin - 5YEAR AVRG. | 46.5 |
| EBITDA Margin - LTM | 22.5 |
| EBIT Margin - LTM | 18.9 |
| Pre-Tax Profit Margin | 16.1 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 14.3 |
| Effective Tax Rate | 26.2 |
| Effective Tax Rate - 5YEAR AVRG. | 29.6 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 114 |
| Revenue per Employee | 260,080 |
| Net Income per Employee | 30,955 |
| Average Collection Period | 96 |
| Receivables Turnover | 3.7 |
| Day's Inventory Turnover Ratio | 18 |
| Inventory Turnover | 19.6 |
| Inventory/Sales | 2.6 |
| Accounts Payble/Sales | 6.77 |
| Assets/Revenue | 1.11 |
| Net Working Capital Turnover | 15.78 |
| Fixed Assets Turnover | 1.71 |
| Total Assets Turnover | 0.9 |
| Revenue per $ Cash | 8.13 |
| Revenue per $ Plant | 7.24 |
| Revenue per $ Common Equity | 7.70 |
| Revenue per $ Capital Invested | 2.87 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 22.6 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 22.1 |
| Research & Devlopment (R&D) as % of Revenue | 6.1 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 6.1 |
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