| Company Name: | International Business Machines Corp | | Ticker Symbol: | IBM | | | WWW Address: | www.ibm.com |
| CEO: | Virginia M. Rometty | | No. of Employees: | 466,995 |
| Common Issue Type: | CS | | Business Description: | International Business Machines Corp is an Information Technology (IT) company. It creates business value for clients and solves business problems through integrated solutions that leverage information technology & knowledge of business processes.
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| | | Industry Information: | COMPUTER SOFWARE & SERVICES - Information Technology Services [more like this] |
| | Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 207.6 |  -0.84 | - | - | 208.02 | 209.50 | 204.99 | 3614453 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 230,185.7 | 1,108.8 | 0.68 | 14.37 | 3.30 | 14.4 | 1.8 | 215.90 - 181.85 |
| | KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 208.44 | $ | | PE Ratio - LTM | 14.4 | |
| Market Capitalisation | 230,185.7 | mil |
| Latest Shares Outstanding | 1,108.8 | mil |
| Earnings pS (EPS) | 14.37 | $ |
| Dividend pS (DPS) | 3.30 | ¢ |
| Dividend Yield | 1.8 | % |
| Dividend Payout Ratio | 23 | % |
| Revenue per Employee | 223,786 | $ |
| Effective Tax Rate | 24.2 | % |
| Float | 1,112.6 | mil |
| Float as % of Shares Outstanding | 99.8 | % |
| Foreign Sales | 68,237 | mil |
| Domestic Sales | 36,270 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 22.50 | % |
| Research & Devlopment (R&D) as % of Revenue | 6.10 | % |
| Gross Profit Margin | 52.8 | % |
| EBITDA Margin | 24.2 | % |
| Pre-Tax Profit Margin | 21.0 | % |
| Assets Turnover | 0.9 | % |
| Return on Assets (ROA) | 14.1 | % |
| Return on Equity (ROE) | 86.8 | % |
| Return on Capital Invested (ROCI) | 37.9 | % |
| Current Ratio | 1.2 | |
| Leverage Ratio (Assets/Equity) | 6.1 | |
| Interest Cover | 49.8 | |
| Total Debt/Equity (Gearing Ratio) | 1.75 | |
| LT Debt/Total Capital | 56.0 | % |
| Working Capital pS | 6.16 | $ |
| Cash pS | 9.55 | $ |
| Book-Value pS | 17.22 | $ |
| Tangible Book-Value pS | -12.21 | $ |
| Cash Flow pS | 19.16 | $ |
| Free Cash Flow pS | 8.24 | $ |
 |
| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 12.11 | |
| Price/Tangible Book Ratio | -17.08 | |
| Price/Cash Flow | 10.9 | |
| Price/Free Cash Flow | 25.3 | |
| P/E as % of Industry Group | 48.0 | % |
| P/E as % of Sector Segment | 12.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 04/29/2013 |
| Dividend Ex-Date | 05/07/2013 |
| Dividend Record Date | 05/09/2013 |
| Dividend Pay Date | 06/09/2013 |
| Dividend Amount | 950 |
| Type of Payment | Cash Payment |
| Dividend Rate | 3.80 |
| Current Dividend Yield | 1.8 |
| 5-Y Average Dividend Yield | 1.8 |
| Payout Ratio | 23.0 |
| 5-Y Average Payout Ratio | 22.0 |
|  | | 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 | - | - | - | 1.9 | 100 | 40,230 | 215,268 |
| 4 Weeks | 209.50 | 187.68 | 190.00 | 9.7 | 102 | 47,517 | 950,331 |
| 13 Weeks | 215.90 | 187.68 | 200.98 | 3.7 | 95 | 42,564 | 2,681,554 |
| 26 Weeks | 215.90 | 186.94 | 186.94 | 11.5 | 91 | 40,837 | 5,063,754 |
| 52 Weeks | 215.90 | 181.85 | 195.88 | 6.4 | 83 | 40,002 | 9,960,406 |
| YTD | 215.90 | 187.68 | - | 8.8 | 93 | 41,063 | 3,901,013 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 204.43 | 204.11 | 206.70 | 199.54 | 200.22 | 0.68 | 0.65 |
| | | | GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 0.82 | 16.5 | 2.32 |
| Income | 12.83 | 98.1 | 10.72 |
| Dividend | 14.82 | 99.0 | 13.44 |
| Capital Spending | 0.92 | NA | 9.76 |
| R&D | 0.46 | NA | 2.47 |
| Normalized Inc. | 12.59 | NA | 10.58 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -5.1 | -5.1 | -2.3 |
| Earnings % | -1.1 | -1.1 | 4.7 |
| EPS % | 3.4 | 3.4 | 10.0 |
| EPS $ | 0.09 | 0.09 | 1.31 |
| | | | SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 4.87 |
| Current Ratio | 1.1 |
| Quick Ratio (Acid Test) | 1.0 |
| Liquidity Ratio (Cash) | 0.26 |
| Receivables Turnover | 3.5 |
| Average Collection Period | 103 |
| Working Capital/Equity | 30.8 |
| Working Capital pS | 5.20 |
| Cash-Flow pS | 19.04 |
| Free Cash-Flow pS | 7.14 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 3.20 |
| Financial Leverage Ratio (Assets/Equity) | 6.3 |
| Debt Ratio | 84.2 |
| Total Debt/Equity (Gearing Ratio) | 1.76 |
| LT Debt/Equity | 1.28 |
| LT Debt/Capital Invested | 132.1 |
| LT Debt/Total Liabilities | 24.0 |
| Interest Cover | 48.7 |
| Interest/Capital Invested | 0.61 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 20.03 |
| Tobin's Q Ratio | 1.94 |
| Current P/E Ratio - LTM | 14.40 |
| Enterprise Value (EV)/EBITDA | 12.75 |
| Enterprise Value (EV)/Free Cash Flow | 40.69 |
| Dividend Yield | 1.8 |
| Price/Tangible Book Ratio - LTM | -17.08 |
| Price/Book Ratio - LTM | 12.11 |
| Price/Cash Flow Ratio | 10.9 |
| Price/Free Cash Flow Ratio - LTM | 25.3 |
| Price/Sales Ratio | 2.24 |
| P/E Ratio (1 month ago) - LTM | 14.5 |
| P/E Ratio (26 weeks ago) - LTM | 13.5 |
| P/E Ratio (52 weeks ago) - LTM | 14.6 |
| 5-Y High P/E Ratio | 14.9 |
| 5-Y Low P/E Ratio | 7.8 |
| 5-Y Average P/E Ratio | 12.5 |
| Current P/E Ratio as % of 5-Y Average P/E | 115 |
| P/E as % of Industry Group | 48.0 |
| P/E as % of Sector Segment | 12.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 14.4 |
| PER SHARE FIGURES |
| LT Debt pS | 21.56 |
| Current Liabilities pS | 39.04 |
| Tangible Book Value pS - LTM | -12.21 |
| Book Value pS - LTM | 17.22 |
| Capital Invested pS | 38.73 |
| Cash pS - LTM | 9.55 |
| Cash Flow pS - LTM | 19.16 |
| Free Cash Flow pS - LTM | 8.24 |
| Earnings pS (EPS) | 14.37 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 7.63 |
| Free Cash Flow Margin 5YEAR AVG | 8.24 |
| Net Profit Margin | 15.9 |
| Net Profit Margin - 5YEAR AVRG. | 14.3 |
| Equity Productivity | 5.54 |
| Return on Equity (ROE) | 88.0 |
| Return on Equity (ROE) - 5YEAR AVRG. | 74.4 |
| Capital Invested Productivity | 2.43 |
| Return on Capital Invested (ROCI) | 38.7 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 34.5 |
| Assets Productivity | 0.90 |
| Return on Assets (ROA) | 13.9 |
| Return on Assets (ROA) - 5YEAR AVRG. | 12.9 |
| Gross Profit Margin | 52.8 |
| Gross Profit Margin - 5YEAR AVRG. | 51.0 |
| EBITDA Margin - LTM | 24.2 |
| EBIT Margin - LTM | 21.4 |
| Pre-Tax Profit Margin | 21.0 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 19.1 |
| Effective Tax Rate | 24.2 |
| Effective Tax Rate - 5YEAR AVRG. | 25.1 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 123 |
| Revenue per Employee | 223,786 |
| Net Income per Employee | 35,555 |
| Average Collection Period | 105 |
| Receivables Turnover | 3.5 |
| Day's Inventory Turnover Ratio | 18 |
| Inventory Turnover | 20.3 |
| Inventory/Sales | 2.2 |
| Accounts Payble/Sales | 7.61 |
| Assets/Revenue | 1.11 |
| Net Working Capital Turnover | 17.99 |
| Fixed Assets Turnover | 1.50 |
| Total Assets Turnover | 0.9 |
| Revenue per $ Cash | 10.04 |
| Revenue per $ Plant | 7.47 |
| Revenue per $ Common Equity | 5.54 |
| Revenue per $ Capital Invested | 2.43 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 22.5 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 22.2 |
| Research & Devlopment (R&D) as % of Revenue | 6.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 6.0 |
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