USD 229
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| IBM | 0.7 | 0.5 | 10.0 | 13.8 | 38.6 | 42.1 | 92.7 | 81.5 | 45.7 | 3041.3 |
| S&P 500 | 0.0 | 0.8 | 5.6 | 9.4 | 14.5 | 32.4 | 33.3 | 95.6 | 191.7 | 34157.5 |
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| Attribute | Value |
|---|---|
| symbol | IBM |
| name | International Business Machines Corporation |
| price | 229 |
| changes percentage | 0.71 |
| change | 1.61 |
| day low | 226.67 |
| day high | 229.11 |
| year high | 237.37 |
| year low | 157.89 |
| market cap | 211743705000 |
| price avg 50 | 220.63 |
| price avg 200 | 193.56 |
| exchange | NYSE |
| volume | 1880883 |
| avg volume | 4208407 |
| open | 227.24 |
| previous close | 227.39 |
| eps | 6.87 |
| pe | 33.33 |
| earnings announcement | 2025-01-29T21:00:00.000+0000 |
| shares outstanding | 924645000 |
| timestamp | 2024-12-03 21:00:02 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000051143 | |||
| revenue | 61860000000 | 60530000000 | 2.20 |
| gross profit | 34300000000 | 32687000000 | 4.93 |
| gross profit ratio | 0.55 | 0.54 | 2.68 |
| research and development expenses | 6775000000 | 6567000000 | 3.17 |
| operating expenses | 25257000000 | 24513000000 | 3.04 |
| interest income | 670000000 | 162000000 | 313.58 |
| interest expense | 1607000000 | 1216000000 | 32.15 |
| ebitda | 14560000000 | 6853000000 | 112.46 |
| ebitdaratio | 0.24 | 0.12 | 98.59 |
| operating income | 9043000000 | 2372000000 | 281.24 |
| operating income ratio | 0.15 | 0.04 | 273.04 |
| net income | 7502000000 | 1640000000 | 357.44 |
| net income ratio | 0.12 | 0.03 | 347.60 |
| eps | 8.23 | 1.82 | 352.20 |
Revenue Growth: revenue increased to 61,860 million in 2023 from 60,530 million in 2022 representing a change of 2.2%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 34,300 million in 2023 from 32,687 million in 2022 representing a change of 4.93%. This indicates a sales profitability growth, which is a positive sign for the company.
Research and Development (R&D) Expenses: R&D Expenses increased to 6,775 million in 2023 from 6,567 million in 2022 representing a change of 3.17%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.
Operating Income: Operating income increased to 9,043 million in 2023 from 2,372 million in 2022 representing a change of 281.24%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to 7,502 million in 2023 from 1,640 million in 2022 representing a change of 357.44%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 8.23 in 2023 from 8.23 in 2022 representing a change of 352.2%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
Operating Expenses: Operating Expenses increased to 25,257 million in 2023 from 24,513 million in 2022 representing a change of 3.04%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 14,560 million in 2023 from 6,853 million in 2022 representing a change of 112.46%. The decrease in EBITDA indicates declined operational efficiency and profitability.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000051143 | |||
| revenue | 14967000000 | 15770000000 | -5.09 |
| gross profit | 8419000000 | 8574000000 | -1.81 |
| gross profit ratio | 0.56 | 0.54 | 3.46 |
| research and development expenses | 1876000000 | 1840000000 | 1.96 |
| operating expenses | 6787000000 | 5939000000 | 14.28 |
| interest income | 170000000 | 217000000 | -21.66 |
| interest expense | 429000000 | 427000000 | 0.47 |
| ebitda | 1042000000 | 3751000000 | -72.22 |
| ebitdaratio | 0.07 | 0.24 | -71.03 |
| operating income | 1871000000 | 2635000000 | -28.99 |
| operating income ratio | 0.13 | 0.17 | -25.18 |
| net income | -330000000 | 1834000000 | -117.99 |
| net income ratio | -0.02 | 0.12 | -118.96 |
| eps | -0.36 | 1.99 | -118.09 |
Revenue Growth: revenue decreased to 14,967 million in 2024Q3 from 15,770 million in 2024Q2 representing a change of -5.09%. This indicates a sales shrinking, which is a negative sign for the company.
Gross Profit: Gross Profit decreased to 8,419 million in 2024Q3 from 8,574 million in 2024Q2 representing a change of -1.81%. This indicates a sales profitability decline, which is a negative sign for the company.
Operating Expenses: Operating Expenses increased to 6,787 million in 2024Q3 from 5,939 million in 2024Q2 representing a change of 14.28%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 1,042 million in 2024Q3 from 3,751 million in 2024Q2 representing a change of -72.22%. The decrease in EBITDA indicates declined operational efficiency and profitability.
Operating Income: Operating income decreased to 1,871 million in 2024Q3 from 2,635 million in 2024Q2 representing a change of -28.99%. The decrease in operating income indicates worse operational performance and decreased profitability.
Net Income: Net income decreased to -330 million in 2024Q3 from 1,834 million in 2024Q2 representing a change of -117.99%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to -0.36 in 2024Q3 from -0.36 in 2024Q2 representing a change of -118.09%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
Research and Development (R&D) Expenses: R&D Expenses increased to 1,876 million in 2024Q3 from 1,840 million in 2024Q2 representing a change of 1.96%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000051143 | |||
| total assets | 135241000000 | 127243000000 | 6.29 |
| total liabilities | 112628000000 | 105222000000 | 7.04 |
| total equity | 22613000000 | 22021000000 | 2.69 |
| cash and cash equivalents | 13068000000 | 7886000000 | 65.71 |
| short term investments | 373000000 | 852000000 | -56.22 |
| long term investments | 5961000000 | 1617000000 | 268.65 |
| total current assets | 32908000000 | 29118000000 | 13.02 |
| total non current assets | 102333000000 | 98126000000 | 4.29 |
| total current liabilities | 34122000000 | 31505000000 | 8.31 |
| total non current liabilities | 78506000000 | 73717000000 | 6.50 |
| common stock | 59643000000 | 58343000000 | 2.23 |
| retained earnings | 151276000000 | 149825000000 | 0.97 |
| total debt | 59935000000 | 54013000000 | 10.96 |
Total Assets: Total Assets increased to 135,241 million in 2023 from 127,243 million in 2022 representing a change of 6.29%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 22,613 million in 2023 from 22,021 million in 2022 representing a change of 2.69%. This indicates an increase in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents increased to 13,068 million in 2023 from 7,886 million in 2022 representing a change of 65.71%. This indicates an increase in available liquid assets.
Total Current Assets: Total Current Assets increased to 32,908 million in 2023 from 29,118 million in 2022 representing a change of 13.02%. This indicates a better liquidity position.
Common Stock: Common Stock increased to 59,643 in 2023 from 58,343 in 2022 representing a change of 2.23%. This indicates an increase in ownership interest.
Retained Earnings: Retained Earnings increased to 151,276 million in 2023 from 149,825 million in 2022 representing a change of 0.97%. This indicates an accumulated profits.
Total Liabilities: Total Liabilities increased to 112,628 million in 2023 from 105,222 million in 2022 representing a change of 7.04%. This indicates an increase in overall liabilities.
Short Term Investments: Short Term Investments decreased to 373 million in 2023 from 852 million in 2022 representing a change of -56.22%. This indicates a decrease in short-term investment holdings.
Total Current Liabilities: Total Current Liabilities increased to 34,122 million in 2023 from 31,505 million in 2022 representing a change of 8.31%. This indicates a higher short-term debt burden.
Total Debt: Total Debt increased to 59,935 million in 2023 from 54,013 million in 2022 representing a change of 10.96%. This indicates an increase in overall debt burden.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000051143 | |||
| total assets | 134339000000 | 133848000000 | 0.37 |
| total liabilities | 109809000000 | 109744000000 | 0.06 |
| total equity | 24530000000 | 24103000000 | 1.77 |
| cash and cash equivalents | 13197000000 | 14478000000 | -8.85 |
| short term investments | 505000000 | 1481000000 | -65.90 |
| long term investments | 5079000000 | 5599000000 | -9.29 |
| total current assets | 29577000000 | 32302000000 | -8.44 |
| total non current assets | 104762000000 | 101546000000 | 3.17 |
| total current liabilities | 28853000000 | 29648000000 | -2.68 |
| total non current liabilities | 80956000000 | 80096000000 | 1.07 |
| common stock | 61013000000 | 60501000000 | 0.85 |
| retained earnings | 149789000000 | 151659000000 | -1.23 |
| total debt | 60126000000 | 59839000000 | 0.48 |
Total Assets: Total Assets increased to 134,339 million in 2024Q3 from 133,848 million in 2024Q2 representing a change of 0.37%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 24,530 million in 2024Q3 from 24,103 million in 2024Q2 representing a change of 1.77%. This indicates an increase in shareholders' equity.
Total Current Liabilities: Total Current Liabilities decreased to 28,853 million in 2024Q3 from 29,648 million in 2024Q2 representing a change of -2.68%. This indicates a lower short-term debt burden.
Common Stock: Common Stock increased to 61,013 in 2024Q3 from 60,501 in 2024Q2 representing a change of 0.85%. This indicates an increase in ownership interest.
Total Liabilities: Total Liabilities increased to 109,809 million in 2024Q3 from 109,744 million in 2024Q2 representing a change of 0.06%. This indicates an increase in overall liabilities.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 13,197 million in 2024Q3 from 14,478 million in 2024Q2 representing a change of -8.85%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 505 million in 2024Q3 from 1,481 million in 2024Q2 representing a change of -65.9%. This indicates a decrease in short-term investment holdings.
Total Current Assets: Total Current Assets decreased to 29,577 million in 2024Q3 from 32,302 million in 2024Q2 representing a change of -8.44%. This indicates a worsen liquidity position.
Retained Earnings: Retained Earnings decreased to 149,789 million in 2024Q3 from 151,659 million in 2024Q2 representing a change of -1.23%. This indicates an accumulated losses.
Total Debt: Total Debt increased to 60,126 million in 2024Q3 from 59,839 million in 2024Q2 representing a change of 0.48%. This indicates an increase in overall debt burden.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000051143 | |||
| net change in cash | 5101000000 | 1031000000 | 394.76 |
| operating cash flow | 13931000000 | 10435000000 | 33.50 |
| free cash flow | 12121000000 | 8575000000 | 41.35 |
| capital expenditure | -1810000000 | -1860000000 | 2.69 |
| depreciation and amortization | 4396000000 | 4802000000 | -8.45 |
| deferred income tax | -1114000000 | -2726000000 | 59.13 |
| stock based compensation | 1133000000 | 987000000 | 14.79 |
| accounts payables | 65000000 | 213000000 | -69.48 |
| inventory | 390000000 | 71000000 | 449.30 |
| acquisitions net | -5082000000 | -1076000000 | -372.30 |
| investments in property plant and equipment | -1245000000 | -1860000000 | 33.06 |
| net cash used for investing activites | -7070000000 | -4202000000 | -68.25 |
| debt repayment | 4497000000 | 1221000000 | 268.30 |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | -402000000 | -407000000 | 1.23 |
| dividends paid | -6040000000 | -5948000000 | -1.55 |
| net cash used provided by financing activities | -1769000000 | -4958000000 | 64.32 |
| cash at end of period | 13089000000 | 7988000000 | 63.86 |
| accounts receivables | 725000000 | -717000000 | 201.12 |
| cash at beginning of period | 7988000000 | 6957000000 | 14.82 |
Net Change in Cash: Net Change in Cash increased to 5,101 million in 2023 from 1,031 million in 2022 representing a change of 394.76%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Operating Cash Flow: Operating Cash Flow increased to 13,931 million in 2023 from 10,435 million in 2022 representing a change of 33.5%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 12,121 million in 2023 from 8,575 million in 2022 representing a change of 41.35%. This indicates an increase in cash generated after accounting for capital expenditures.
Accounts Payables: The absolute value of Accounts Payables decreased to 65 million in 2023 from 213 million in 2022 representing a change of -69.48%. This indicates that the company has reduced its outstanding obligations to its suppliers.
Capital Expenditure: Capital Expenditure increased to -1,810 million in 2023 from -1,860 million in 2022 representing a change of 2.69%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
Deferred Income Tax: Deferred Income Tax increased to -1,114 million in 2023 from -2,726 million in 2022 representing a change of 59.13%. This indicates that the company's tax liability for future periods has increased.
Stock-Based Compensation: Stock-Based Compensation increased to 1,133 million in 2023 from 987 million in 2022 representing a change of 14.79%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Receivables: Accounts Receivables increased to 725 in 2023 from -717 million in 2022 representing a change of 201.12%. This suggests that the company is less capable of collecting payments from its customers.
Dividends Paid: Dividends Paid decreased to -6,040 million in 2023 from -5,948 million in 2022 representing a change of -1.55%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000051143 | |||
| operating cash flow | 2881000000 | 2066000000 | 39.45 |
| free cash flow | 2457000000 | 1622000000 | 51.48 |
| capital expenditure | -424000000 | -444000000 | 4.50 |
| depreciation and amortization | 1268000000 | 1155000000 | 9.78 |
| deferred income tax | 0 | 0 | NaN |
| stock based compensation | 330000000 | 316000000 | 4.43 |
| accounts receivables | 0 | 0 | NaN |
| accounts payables | 0 | 0 | NaN |
| inventory | 0 | 0 | NaN |
| acquisitions net | -2511000000 | -108000000 | -2,225.00 |
| investments in property plant and equipment | -424000000 | -444000000 | 4.50 |
| net cash used for investing activites | -1587000000 | 2239000000 | -170.88 |
| debt repayment | -1258000000 | -2900000000 | 56.62 |
| common stock issued | 0 | 0 | NaN |
| common stock repurchased | -189000000 | -151000000 | -25.17 |
| dividends paid | -1543000000 | -1536000000 | -0.46 |
| net cash used provided by financing activities | -2765000000 | -4515000000 | 38.76 |
| net change in cash | -1264000000 | -287000000 | -340.42 |
| cash at end of period | 13214000000 | 14478000000 | -8.73 |
| cash at beginning of period | 14478000000 | 14765000000 | -1.94 |
Net Change in Cash: Net Change in Cash decreased to -1,264 million in 2024Q3 from -287 million in 2024Q2 representing a change of -340.42%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.
Capital Expenditure: Capital Expenditure increased to -424 million in 2024Q3 from -444 million in 2024Q2 representing a change of 4.5%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
Stock-Based Compensation: Stock-Based Compensation increased to 330 million in 2024Q3 from 316 million in 2024Q2 representing a change of 4.43%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Dividends Paid: Dividends Paid decreased to -1,543 million in 2024Q3 from -1,536 million in 2024Q2 representing a change of -0.46%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
Operating Cash Flow: Operating Cash Flow increased to 2,881 million in 2024Q3 from 2,066 million in 2024Q2 representing a change of 39.45%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 2,457 million in 2024Q3 from 1,622 million in 2024Q2 representing a change of 51.48%. This indicates an increase in cash generated after accounting for capital expenditures.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q3 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 67.89 | 67.06 | 1.24 |
| net income per share | 8.23 | 1.82 | 353.15 |
| operating cash flow per share | 15.29 | 11.56 | 32.25 |
| free cash flow per share | 13.3 | 9.5 | 40.03 |
| cash per share | 14.75 | 9.68 | 52.38 |
| book value per share | 24.82 | 24.4 | 1.73 |
| tangible book value per share | -53.34 | -49.98 | -6.72 |
| shareholders equity per share | 24.73 | 24.31 | 1.72 |
| interest debt per share | 63.43 | 57.79 | 9.76 |
| market cap | 149028447672.45 | 127176357729.1 | 17.18 |
| enterprise value | 195895447672.45 | 173303357729.1 | 13.04 |
| pe ratio | 19.87 | 77.55 | -74.38 |
| price to sales ratio | 2.41 | 2.1 | 14.66 |
| pocfratio | 10.7 | 12.19 | -12.22 |
| pfcf ratio | 12.3 | 14.83 | -17.10 |
| pb ratio | 6.61 | 5.8 | 14.12 |
| ptb ratio | 6.61 | 5.8 | 14.12 |
| ev to sales | 3.17 | 2.86 | 10.61 |
| enterprise value over ebitda | 13.45 | 25.29 | -46.80 |
| ev to operating cash flow | 14.06 | 16.61 | -15.33 |
| ev to free cash flow | 16.16 | 20.21 | -20.03 |
| earnings yield | 0.05 | 0.01 | 290.36 |
| free cash flow yield | 0.08 | 0.07 | 20.63 |
| debt to equity | 2.49 | 2.32 | 7.41 |
| debt to assets | 0.42 | 0.4 | 3.77 |
| net debt to ebitda | 3.22 | 6.73 | -52.18 |
| current ratio | 0.96 | 0.92 | 4.35 |
| interest coverage | 5.63 | 1.95 | 188.48 |
| income quality | 1.86 | 6.37 | -70.83 |
| dividend yield | 0.04 | 0.05 | -13.34 |
| payout ratio | 0.81 | 3.63 | -77.80 |
| sales general and administrative to revenue | 0.28 | 0.27 | 4.46 |
| research and ddevelopement to revenue | 0.11 | 0.11 | 0.95 |
| intangibles to total assets | 0.53 | 0.53 | -0.19 |
| capex to operating cash flow | 0.13 | 0.18 | -27.11 |
| capex to revenue | 0.03 | 0.03 | -4.78 |
| capex to depreciation | 0.41 | 0.39 | 6.30 |
| stock based compensation to revenue | 0.02 | 0.02 | 12.32 |
| graham number | 67.68 | 31.52 | 114.70 |
| roic | 0.1 | 0.05 | 98.00 |
| return on tangible assets | 0.12 | 0.03 | 329.45 |
| graham net net | -101.86 | -100.21 | -1.65 |
| working capital | -1214000000 | -2387000000 | 49.14 |
| tangible asset value | -48601000000 | -45112000000 | -7.73 |
| net current asset value | -79720000000 | -76104000000 | -4.75 |
| invested capital | 78721000000 | 72958000000 | 7.90 |
| average receivables | 7362000000 | 7115000000 | 3.47 |
| average payables | 4091500000 | 4003000000 | 2.21 |
| average inventory | 1356500000 | 1600500000 | -15.25 |
| days sales outstanding | 45.55 | 42.24 | 7.82 |
| days payables outstanding | 54.72 | 53.11 | 3.05 |
| days of inventory on hand | 15.38 | 20.35 | -24.43 |
| receivables turnover | 8.01 | 8.64 | -7.26 |
| payables turnover | 6.67 | 6.87 | -2.96 |
| inventory turnover | 23.74 | 17.94 | 32.32 |
| roe | 0.33 | 0.07 | 345.48 |
| capex per share | 1.99 | 2.06 | -3.60 |
ROE: Return on Equity (ROE) increased to 0.33 on 2023-12-31 from 0.07 on 2022-12-31, representing a change of 345.48%. Suggesting the company has been generating high returns for its shareholders.
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 19.87 on 2023-12-31 from 77.55 on 2022-12-31, representing a change of -74.38%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio increased to 0.96 on 2023-12-31 from 0.92 on 2022-12-31, representing a change of 4.35%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. However, it's below 1, indicating potential liquidity issues.
Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 2.49 on 2023-12-31 from 2.32 on 2022-12-31, representing a change of 7.41%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. A ratio of 2.0 or higher is usually considered risky.
| 2024-09-30 Q3 | 2024-06-30 Q2 | Q/Q change % | |
|---|---|---|---|
| IBM | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 16.26 | 17.14 | -5.09 |
| net income per share | -0.36 | 1.99 | -117.99 |
| operating cash flow per share | 3.13 | 2.24 | 39.45 |
| free cash flow per share | 2.67 | 1.76 | 51.48 |
| cash per share | 14.89 | 17.34 | -14.14 |
| book value per share | 26.65 | 26.19 | 1.77 |
| tangible book value per share | -51.78 | -49.51 | -4.58 |
| shareholders equity per share | 26.57 | 26.11 | 1.76 |
| interest debt per share | 62.8 | 62.72 | 0.13 |
| market cap | 203459924000 | 161142348429.1 | 26.26 |
| enterprise value | 250388924000 | 206503348429.1 | 21.25 |
| pe ratio | -154.14 | 21.97 | -801.71 |
| price to sales ratio | 13.59 | 10.22 | 33.04 |
| pocfratio | 70.62 | 78.0 | -9.46 |
| pfcf ratio | 82.81 | 99.35 | -16.65 |
| pb ratio | 8.32 | 6.71 | 24.08 |
| ptb ratio | 8.32 | 6.71 | 24.08 |
| ev to sales | 16.73 | 13.09 | 27.76 |
| enterprise value over ebitda | 240.3 | 55.05 | 336.48 |
| ev to operating cash flow | 86.91 | 99.95 | -13.05 |
| ev to free cash flow | 101.91 | 127.31 | -19.96 |
| earnings yield | -0.0 | 0.01 | -114.25 |
| free cash flow yield | 0.01 | 0.01 | 19.97 |
| debt to equity | 2.35 | 2.38 | -1.60 |
| debt to assets | 0.43 | 0.43 | -0.23 |
| net debt to ebitda | 45.04 | 12.09 | 272.42 |
| current ratio | 1.03 | 1.09 | -5.91 |
| interest coverage | 4.36 | 6.17 | -29.33 |
| income quality | -9.73 | 1.13 | -962.13 |
| dividend yield | 0.01 | 0.01 | -20.44 |
| payout ratio | -4.68 | 0.84 | -658.29 |
| sales general and administrative to revenue | 0.29 | 0.27 | 5.98 |
| research and ddevelopement to revenue | 0.13 | 0.12 | 7.43 |
| intangibles to total assets | 0.54 | 0.52 | 3.23 |
| capex to operating cash flow | 0.15 | 0.21 | -31.52 |
| capex to revenue | 0.03 | 0.03 | 0.62 |
| capex to depreciation | 0.33 | 0.38 | -13.01 |
| stock based compensation to revenue | 0.02 | 0.02 | 10.03 |
| graham number | 14.64 | 34.21 | -57.21 |
| roic | 0.01 | 0.03 | -66.18 |
| return on tangible assets | -0.01 | 0.03 | -118.58 |
| graham net net | -93.37 | -96.1 | 2.83 |
| working capital | 724000000 | 2654000000 | -72.72 |
| tangible asset value | -47652000000 | -45563000000 | -4.58 |
| net current asset value | -80232000000 | -77442000000 | -3.60 |
| invested capital | 81875000000 | 81051000000 | 1.02 |
| average receivables | 9482000000 | 9579000000 | -1.01 |
| average payables | 3452500000 | 3609500000 | -4.35 |
| average inventory | 1300500000 | 1223000000 | 6.34 |
| days sales outstanding | 76.1 | 36.01 | 111.35 |
| days payables outstanding | 45 | 45.41 | -0.91 |
| days of inventory on hand | 18.79 | 15.43 | 21.74 |
| receivables turnover | 1.18 | 2.5 | -52.68 |
| payables turnover | 2 | 1.98 | 0.92 |
| inventory turnover | 4.79 | 5.83 | -17.86 |
| roe | -0.01 | 0.08 | -117.68 |
| capex per share | 0.46 | 0.48 | -4.51 |
ROE: Return on Equity (ROE) decreased to -0.01 on 2024-09-30 Q3 from 0.08 on 2024-06-30 Q2, representing a change of -117.68%. Suggesting that the company has not been generating high returns for its shareholders.
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -154.14 on 2024-09-30 Q3 from 21.97 on 2024-06-30 Q2, representing a change of -801.71%. Indicating a decrease in the relative valuation of the company's stock.
Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 2.35 on 2024-09-30 Q3 from 2.38 on 2024-06-30 Q2, representing a change of -1.60%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. However, a ratio of 2.0 or higher is usually considered risky.
Current Ratio: Current Ratio decreased to 1.03 on 2024-09-30 Q3 from 1.09 on 2024-06-30 Q2, representing a change of -5.91%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.
Positive Sentiment: Discounted Cash Flow value is 257.55 which is higher than current price 229, indicates the company may be undervalued.
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Positive
Publish Date: 2024-12-03 10:01:24
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Sentiment: Positive
Publish Date: 2024-12-02 16:01:17
IBM appears to be treading in the middle of the road and new investors could be better off if they trade with caution.
Sentiment: Positive
Publish Date: 2024-11-29 07:37:00
It's been an excellent year for stock market investors. The S&P 500 index has delivered an excellent 26% return thus far in 2024, driven by resilient macroeconomic conditions, record corporate earnings, and growing optimism about artificial intelligence's (AI) transformative potential across the economy.
Sentiment: Positive
Publish Date: 2024-11-29 04:08:00
C3.ai (AI 0.08%) went public at $42 on Dec. 9, 2020, started trading at $100, and soared to an all-time high of $177.47 just two weeks later. Investors were initially impressed by its enterprise AI algorithms -- which could be plugged into a large organization's existing software to automate and accelerate certain tasks -- and its rapid growth rates.
Sentiment: Positive
Publish Date: 2024-11-28 08:51:00
Technology veteran IBM (IBM -0.83%) is catching some tailwinds nowadays. The stock has gained more than 45% over the last year, boosted by the market frenzy for artificial intelligence (AI) experts.
Sentiment: Positive
Publish Date: 2024-11-28 03:37:38
24/7 Insights Trade deficits aren’t necessarily a bad thing, and a little education can help us make better decisions regarding our trade policies. The responsibility for reducing our trade deficit rests on companies and politicians, not the end consumer. Download our free report on the two stocks we recommend every investor buy. The United States’ trade deficit, along with our public debt, makes headlines every election cycle, with all sides complaining about it but stopping short of actually implementing any real solutions. But which products actually drive the high deficit of our trade? Is there anything we can do to shrink the deficit, and do we even want to? Here are the top five imports that account for 27.5%, almost one-third, of our trade deficit. For this list, we consulted the data published by the United States Census Bureau in November of 2024, titled U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES, SEPTEMBER 2024. This data is current as of September 2024. Background on the U.S. Balance of Trade An image depicting international trade, most of which takes place through container ships. In order to understand the balance of trade for the United States, it is important to clear up some misconceptions, and fear, surrounding a trade deficit. Too often, elected officials spread fear and anger about the trade deficit without fully understanding how it works themselves, or why they are worried about it themselves. If they do understand but continue to spread misinformation and fear, then we should take a good, hard look at why they are in office. To begin, a trade deficit occurs when a country imports more goods and services than it exports. A country with a high population with large amounts of discretionary income will always consume more than it produces. This trade deficit is usually accompanied by (but not necessarily tied to or causal with) public debt. When a country begins to export more goods than it imports, known as a trade surplus, the trade deficit will shrink. The United States had its last trade surplus in 1975 and has maintained a trade deficit ever since. Here are things to know about trade deficits. First, a trade deficit isn’t necessarily bad. The idea that trade deficits should be avoided or eliminated is rejected by all economists and trade experts. Trade deficits in the United States usually only increase when the U.S. economy is growing because American citizens are able to buy more things that they want which are produced abroad, rather than living paycheck to paycheck and only paying for necessities that are produced at home. Second, American companies usually exacerbate the problem of trade deficits and make them worse by taking advantage of recessions and economic hardship by transferring manufacturing and programming jobs to cheaper labor overseas and replacing them with low-paying service jobs here in the United States. Third, it isn’t your job to fix the deficit. Consumers will buy the best product that fits their needs and their budget. If that product happens to be imported from a foreign country, it doesn’t matter to them. Their families need to eat, they need cars to travel, they need clothes to wear, and books to learn. Asking American consumers to buy a more expensive alternative simply because it is produced domestically, even though they can barely afford the imported version, is putting the responsibility on the end user to fix the situation instead of those who created the problem in the first place: corporations and politicians. Fourth, countries export services as well as goods. In the case of the United States, however, the goods we import far outweigh the services we import, and sometimes we have a trade surplus for services. Fifth, many of the goods we import, including some on this list, are from companies that are based within the United States already. These companies produce or manufacture goods for pennies overseas before importing them to the United States to be sold for high premiums. Everything from clothing to Apple computers, and medicine to smartphones. High tariffs, aggressive foreign policies, and other antagonistic behavior toward our trade partners will do nothing but make this problem worse. #5 Computers A photo of the Apple logo. Imports in 2024: $89,137 million It should be no surprise that computers are on this list, since most computers of all prices and capabilities are produced outside the United States, and those that are produced domestically are usually outperformed in both quality and capabilities by foreign competitors. This category includes everything for desktop computers, tablets, laptops, and other specialty computers. Most of the products in this category come from China, with Mexico in a close second. #5 Computers (Cont.) Most companies prefer to produce their computers in foreign countries that take advantage of cheap (often exploitative) labor but keep their headquarters or offices within the United States to take advantage of tax incentives and high-skill talent. The top companies importing computers include Apple, Dell, IBM, Hewlett-Packard, Lenovo, Fujitsu, Samsung, Toshiba, ASUS, and more. #4 Other Automotive Parts and Accessories A mechanic inspecting a car thermostat. Imports in 2024: $110,071 million This import category is different from engines and engine parts which has its own category. This would be everything outside of the engine but still needed for the car to operate properly or be allowed to be sold in the United States. #4 Other Automotive Parts and Accessories (Cont.) This covers everything from parts that are added by the auto company after the vehicle is completed but before it is sent to customers or dealers, replacement parts, special parts and features offered by the company, and more. Given the astronomical cost of insurance and cars in general and the ridiculous number of cars in the United States, it makes sense that car parts would be on this list. #3 Crude Oil An oil drill rig and pump jack in the Rechitsa region of Belarus. Imports in 2024: $126,560 million America loves oil. Besides our addiction to cars and driving, oil is used for dozens of other things we consume on a daily basis. The United States, like other countries, imports crude oil and refines it in domestic refineries into things like gasoline, diesel, synthetic rubber, asphalt, lubricants, plastic, refrigerants, paint, pharmaceuticals, pesticides, fertilizer, and other things. The position of crude oil on this list can fluctuate wildly depending on the time of year, the global supply of crude oil, and international politics. #3 Crude Oil (Cont.) For better or worse, it is safe to say that America as we know it would cease to exist without the import of crude oil. The peak of crude oil production is expected to happen in or before 2035 when climate change mitigation policies and renewable energy will finally begin (hopefully) to reach mass adoption. #2 Passenger Cars Most cars sit in lots like this for months while they wait to be sold. Imports in 2024: $162,140 million Of the five imports on this list, three of them are related directly to America’s absolute, all-powerful obsession with cars and driving. We had car parts, then crude oil, and now passenger cars themselves. When you look at the culture of America in general, this should come as no surprise. #2 Passenger Cars (Cont.) We need cars to work, visit family, buy groceries, participate in our public services and responsibilities, and more. We even need cars to go buy more cars. Many families have more than two or three vehicles each. We have autoplexes and dealerships, drive-in theaters, car washes, auto repair shops, car detail shops, racetracks, multi-level parking garages, thousands of miles of roads in every city, parking lots that stretch for miles, and gas stations at almost every intersection. Garages come standard with every home. We love our cars. #1 Pharmaceutical Preparations A man looking through medicines, most of which was produced overseas. Imports in 2024: $178,440 million This category includes the final pharmaceutical itself, as well as the ingredients or components that will be combined to create the final pharmaceutical product. Given the astronomical price of healthcare and medicine in the United States, it makes sense that pharmaceuticals will be near the top of the list. The American healthcare system incentivizes large healthcare companies to produce and manufacture medicines for extremely low prices in foreign countries before importing them to be sold at huge markups in domestic markets. 100 Million Americans Are Missing This Crucial Retirement Tool The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away. Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever. A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow. Click here to learn how to get a quote in just a few minutes.The post These 5 Imports Are Causing 27% of America’s Trade Deficit appeared first on 24/7 Wall St..
Sentiment: Positive
Publish Date: 2024-11-24 16:01:54
Tech stocks, excluding semiconductors, have surged, with IBM benefiting from AI trends, but valuation concerns prompt a downgrade to a hold. IBM's Q3 results were mixed, with strong software growth but weak infrastructure performance, causing a significant stock drop despite a bottom-line beat. IBM's financial outlook includes solid free cash flow and potential EPS growth, but competition and debt sensitivity pose risks.
Sentiment: Positive
Publish Date: 2024-11-23 07:33:00
There are many ways to buy into the artificial intelligence (AI) frenzy. Many investors look to AI hardware designer Nvidia, making the former video gaming accelerator maven one of the most valuable companies in the world.
Sentiment: Neutral
Publish Date: 2024-11-22 12:36:57
IBM (IBM) reported earnings 30 days ago. What's next for the stock?
Sentiment: Positive
Publish Date: 2024-11-21 11:23:34
Kyndryl Holdings Inc. KD is boosting investor confidence with the announcement of its first-ever share repurchase program, worth $300 million.
Sentiment: Positive
Publish Date: 2024-11-19 16:10:00
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dun & Bradstreet (NYSE: DNB), a leading global provider of business decisioning data and analytics, announced today the availability of D&B Ask Procurement, its generative artificial intelligence (Gen AI) assistant built in collaboration with IBM (NYSE: IBM), that synthesizes vast datasets and provides intelligent recommendations to help procurement teams make faster data-driven decisions, mitigate risks and drive efficiencies across their supplier n.
Sentiment: Negative
Publish Date: 2024-11-19 10:06:13
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Sentiment: Positive
Publish Date: 2024-11-19 04:00:00
MELVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced that its subsidiary, CloudFirst Europe, has entered into a strategic partnership with Brightsolid, a premier data center provider based in Scotland and part of the DC Thomson group. This collaboration marks a significant step in CloudFirst's expansion strategy across the UK and positions the Company to better serve clients in Scotland.
Sentiment: Negative
Publish Date: 2024-11-18 11:34:57
Walt Disney Co (NYSE:DIS, ETR:WDP), International Business Machines Corp (NYSE:IBM) and Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2) are among a string of advertisers to have returned to X following a boycott late last year. Alongside Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) and Lionsgate Entertainment, the formerly key advertisers to the social media platform have spent $3.3 million on X so far this year.
Sentiment: Neutral
Publish Date: 2024-11-16 05:40:00
Should You Buy the 3 Highest Paying Dividend Stocks in the Dow Jones?
Sentiment: Negative
Publish Date: 2024-11-15 07:27:00
What makes IBM a hidden AI leader? See how this tech giant is shaping the business-class AI market.
Sentiment: Negative
Publish Date: 2024-11-15 05:00:47
IBM Vice-chairman Gary Cohn discusses the 2017 tax cuts, tariffs and the Trump transition team on 'The Claman Countdown.'
Sentiment: Positive
Publish Date: 2024-11-14 08:15:00
IBM and UFC to develop UFC Insights Engine built with IBM watsonx to offer enhanced fight analysis across viewing platforms ARMONK, N.Y. and LAS VEGAS , Nov. 14, 2024 /PRNewswire/ -- IBM (NYSE: IBM) and UFC®️ , the world's premier mixed martial arts organization and part of TKO Group Holdings (NYSE: TKO), today announced an innovative new partnership that will combine the power of IBM's AI and data platform, watsonx, with the vast global reach of UFC's content platforms to enhance the viewing experience for millions of UFC fans around the world.
Sentiment: Positive
Publish Date: 2024-11-13 17:43:20
"Five years from now, if you're not using [artificial intelligence] in every part of your business, I can look you in the eye and say you're going to be fundamentally disadvantaged," IBM (IBM) CEO Arvind Krishna told Yahoo Finance at the 2024 Invest conference. D.A. Davidson Managing Director Gil Luria joins Morning Brief Hosts Seana Smith and Brad Smith to discuss where IBM stands in the AI era and how businesses are leveraging the emerging tech.
Sentiment: Positive
Publish Date: 2024-11-13 13:57:08
Oppenheimer analyst Param Singh initiated coverage on Commvault Systems, Inc. CVLT with an Outperform rating and a price forecast of $200.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
|---|---|---|
| Price and EMA ⓘ | Price crosses above EMA | Price crosses below EMA |
| Short-Term vs Long-Term EMA ⓘ | Short EMA crosses above Long EMA | Short EMA crosses below Long EMA |
| Volume ⓘ | Increasing volume during price uptrend | Increasing volume during price downtrend |
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