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Market Price

123.52 

-0.90 -0.7%

as of Nov 25 '20

52 Week Range:

90.56 158.75


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

International Business Machines Corporation operates as an integrated solutions and services company worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries. It also offers middleware and data platform software, including Red Hat, which enables the operation of clients' hybrid multi-cloud environments; and Cloud Paks, WebSphere distributed, and analytics platform software, such as DB2 distributed, information integration, and enterprise content management, as well as IoT, Blockchain and AI/Watson platforms. The company's Global Business Services segment offers business consulting services; system integration, application management, maintenance, and support services for packaged software; finance, procurement, talent and engagement, and industry-specific business process outsourcing services; and IT infrastructure and platform services. Its Global Technology Services segment provides project, managed, outsourcing, and cloud-delivered services for enterprise IT infrastructure environments; and IT infrastructure support services. The company's Systems segment offers servers for businesses, cloud service providers, and scientific computing organizations; data storage products and solutions; and z/OS, an enterprise operating system, as well as Linux. Its Global Financing segment provides lease, installment payment, loan financing, short-term working capital financing, and remanufacturing and remarketing services. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. The company was founded in 1911 and is headquartered in Armonk, New York.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Equity (BVPS) 17.34
18.77
19.16
16.88
18.85
14.39
13.77
17.98
21.28
22.17
20.24
growth rate 8.3% 2.1% -11.9% 11.7% -23.7% -4.3% 30.6% 18.4% 4.2% -8.7%
Earnings BIT 18,140.00
19,720.00
21,000.00
21,900.00
19,520.00
20,129.00
16,517.00
14,170.00
11,682.00
12,231.00
10,785.00
growth rate 8.7% 6.5% 4.3% -10.9% 3.1% -17.9% -14.2% -17.6% 4.7% -11.8%
Avg.PE 13.07
12.74
14.08
13.33
12.55
13.61
9.84
14.65
25.52
14.05
15.85
growth rate -2.5% 10.5% -5.3% -5.9% 8.5% -27.7% 48.9% 74.2% -45.0% 12.8%
ROA 12.29
13.33
13.79
14.09
13.43
9.86
11.57
10.42
4.74
7.02
6.84
growth rate 8.5% 3.5% 2.2% -4.7% -26.6% 17.3% -9.9% -54.5% 48.1% -2.6%
ROE 74.37
64.94
73.43
85.15
79.15
69.37
100.96
73.04
32.10
50.76
50.12
growth rate -12.7% 13.1% 16.0% -7.1% -12.4% 45.5% -27.7% -56.1% 58.1% -1.3%
ROIC 28.41
29.96
31.15
32.57
29.24
21.41
25.32
21.60
9.67
14.30
13.66
growth rate 5.5% 4.0% 4.6% -10.2% -26.8% 18.3% -14.7% -55.2% 47.9% -4.5%
Cur. Ratio 1.36
1.19
1.21
1.13
1.28
1.24
1.24
1.21
1.33
1.29
1.02
growth rate -12.5% 1.7% -6.6% 13.3% -3.1% 0.0% -2.4% 9.9% -3.0% -20.9%
Quick Ratio 1.13
0.98
0.98
0.95
1.07
1.02
1.07
1.04
1.18
1.11
0.87
growth rate -13.3% 0.0% -3.1% 12.6% -4.7% 4.9% -2.8% 13.5% -5.9% -21.6%
Leverage 4.82
4.92
5.78
6.32
5.54
9.90
7.75
6.44
7.12
7.35
7.30
growth rate 2.1% 17.5% 9.3% -12.3% 78.7% -21.7% -16.9% 10.6% 3.2% -0.7%
Balance Sheet Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Acct.Receivable 11,879.00
11,968.00
31,162.00
31,993.00
33,487.00
11,996.00
9,534.00
10,239.00
10,380.00
8,645.00
10,095.00
growth rate 0.8% 160.4% 2.7% 4.7% -64.2% -20.5% 7.4% 1.4% -16.7% 16.8%
Acct.Payable 21,464.00
22,492.00
20,735.00
6,864.00
6,028.00
6,209.00
6,451.00
6,558.00
4,896.00
growth rate 4.8% -7.8% -66.9% -12.2% 3.0% 3.9% 1.7% -25.3%
Cur.Assets 48,935.00
48,116.00
50,928.00
49,433.00
51,350.00
47,377.00
42,504.00
43,889.00
49,735.00
49,146.00
38,420.00
growth rate -1.7% 5.8% -2.9% 3.9% -7.7% -10.3% 3.3% 13.3% -1.2% -21.8%
Total Assets 109,022.00
113,452.00
116,433.00
119,213.00
126,223.00
117,271.00
110,495.00
117,470.00
125,356.00
123,382.00
152,186.00
growth rate 4.1% 2.6% 2.4% 5.9% -7.1% -5.8% 6.3% 6.7% -1.6% 23.4%
Cash 12,183.00
10,661.00
11,922.00
10,412.00
10,716.00
8,476.00
7,686.00
7,826.00
11,972.00
11,379.00
8,172.00
growth rate -12.5% 11.8% -12.7% 2.9% -20.9% -9.3% 1.8% 53.0% -5.0% -28.2%
Inventory 2,494.00
2,450.00
2,595.00
2,287.00
2,310.00
2,103.00
1,551.00
1,553.00
1,583.00
1,682.00
1,619.00
growth rate -1.8% 5.9% -11.9% 1.0% -9.0% -26.3% 0.1% 1.9% 6.3% -3.8%
Cur.Liabilities 36,002.00
40,562.00
42,123.00
43,625.00
40,154.00
39,581.00
34,269.00
36,275.00
37,363.00
38,227.00
37,701.00
growth rate 12.7% 3.9% 3.6% -8.0% -1.4% -13.4% 5.9% 3.0% 2.3% -1.4%
Liabilities 86,385.00
90,406.00
96,294.00
100,353.00
103,431.00
105,257.00
96,071.00
99,078.00
107,631.00
106,452.00
131,201.00
growth rate 4.7% 6.5% 4.2% 3.1% 1.8% -8.7% 3.1% 8.6% -1.1% 23.3%
LT Debt 21,932.00
21,846.00
22,857.00
24,088.00
32,856.00
34,991.00
33,431.00
34,663.00
39,871.00
35,567.00
53,950.00
growth rate -0.4% 4.6% 5.4% 36.4% 6.5% -4.5% 3.7% 15.0% -10.8% 51.7%
Equity 22,637.00
23,046.00
20,138.00
18,860.00
22,792.00
11,868.00
14,262.00
18,246.00
17,594.00
16,796.00
20,841.00
growth rate 1.8% -12.6% -6.4% 20.9% -47.9% 20.2% 27.9% -3.6% -4.5% 24.1%
Common Shares 1,341.00
1,287.00
1,214.00
1,155.00
1,103.00
1,010.00
983.00
959.00
937.00
916.00
893.00
growth rate -4.0% -5.7% -4.9% -4.5% -8.4% -2.7% -2.4% -2.3% -2.2% -2.5%
Cash Flow Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Capital Expenditures 3,117.00
3,415.00
4,108.00
4,082.00
3,623.00
3,740.00
3,579.00
3,567.00
3,229.00
3,395.00
2,286.00
growth rate 9.6% 20.3% -0.6% -11.2% 3.2% -4.3% -0.3% -9.5% 5.1% -32.7%
Cash Dividends 2,860.00
3,177.00
3,473.00
3,773.00
4,058.00
4,265.00
4,897.00
5,256.00
5,506.00
5,666.00
5,707.00
growth rate 11.1% 9.3% 8.6% 7.6% 5.1% 14.8% 7.3% 4.8% 2.9% 0.7%
Cash From OA 20,773.00
19,549.00
19,846.00
19,586.00
17,485.00
16,868.00
17,255.00
17,084.00
16,724.00
15,247.00
14,770.00
growth rate -5.9% 1.5% -1.3% -10.7% -3.5% 2.3% -1.0% -2.1% -8.8% -3.1%
FCF per Share 12.45
11.49
12.00
12.87
11.80
12.64
13.82
15.02
11.71
13.82
13.76
growth rate -7.7% 4.4% 7.3% -8.3% 7.1% 9.3% 8.7% -22.0% 18.0% -0.4%
Sale Purchase of Stock -12,593.00
-10,455.00
-12,785.00
709.00
322.00
204.00
-4,358.00
growth rate 0.0% 0.0% 100.0% -54.6% -36.7% -100.0%
FCF 16,696.00
14,795.00
15,179.00
14,869.00
13,345.00
12,685.00
12,857.00
12,808.00
12,951.00
11,283.00
11,863.00
growth rate -11.4% 2.6% -2.0% -10.3% -5.0% 1.4% -0.4% 1.1% -12.9% 5.1%
Income Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Sales 95,758.00
99,870.00
106,916.00
102,874.00
98,367.00
92,793.00
81,741.00
79,919.00
79,139.00
79,591.00
77,147.00
growth rate 4.3% 7.1% -3.8% -4.4% -5.7% -11.9% -2.2% -1.0% 0.6% -3.1%
Op.Income 17,012.00
18,149.00
15,855.00
16,999.00
16,881.00
20,129.00
16,517.00
14,170.00
11,682.00
12,231.00
10,785.00
growth rate 6.7% -12.6% 7.2% -0.7% 19.2% -17.9% -14.2% -17.6% 4.7% -11.8%
IBT 18,138.00
19,723.00
21,003.00
22,540.00
20,244.00
19,985.00
15,945.00
12,330.00
11,400.00
11,342.00
10,166.00
growth rate 8.7% 6.5% 7.3% -10.2% -1.3% -20.2% -22.7% -7.5% -0.5% -10.4%
Net Income 13,425.00
14,833.00
15,855.00
16,999.00
16,881.00
12,022.00
13,190.00
11,872.00
5,753.00
8,728.00
9,431.00
growth rate 10.5% 6.9% 7.2% -0.7% -28.8% 9.7% -10.0% -51.5% 51.7% 8.1%
EPS 10.01
11.52
13.06
14.37
14.94
11.90
13.42
12.38
6.14
9.52
10.56
growth rate 15.1% 13.4% 10.0% 4.0% -20.4% 12.8% -7.8% -50.4% 55.1% 10.9%
Gross Profit 43,785.00
46,013.00
50,138.00
50,361.00
48,684.00
46,407.00
40,684.00
38,517.00
36,943.00
36,937.00
36,489.00
growth rate 5.1% 9.0% 0.4% -3.3% -4.7% -12.3% -5.3% -4.1% 0.0% -1.2%
R&D 5,820.00
6,026.00
6,258.00
5,816.00
5,743.00
5,437.00
5,247.00
5,726.00
5,590.00
5,379.00
5,936.00
growth rate 3.5% 3.9% -7.1% -1.3% -5.3% -3.5% 9.1% -2.4% -3.8% 10.4%

Quarterly Statements

Item Name Sep '19 Dec '19 Mar '20 Jun '20 Sep '20
Earnings BIT 2,021.00
4,072.00
923.00
1,929.00
2,120.00
growth rate 101.5% -77.3% 109.0% 9.9%
Balance Sheet Sep '19 Dec '19 Mar '20 Jun '20 Sep '20
Acct.Receivable 9,142.00
10,095.00
9,031.00
7,985.00
7,550.00
growth rate 10.4% -10.5% -11.6% -5.5%
Acct.Payable 4,042.00
4,896.00
4,172.00
4,719.00
3,985.00
growth rate 21.1% -14.8% 13.1% -15.6%
Cur.Assets 38,122.00
38,420.00
38,931.00
39,954.00
39,845.00
growth rate 0.8% 1.3% 2.6% -0.3%
Total Assets 149,620.00
152,186.00
153,403.00
154,200.00
154,128.00
growth rate 1.7% 0.8% 0.5% -0.1%
Cash 10,087.00
8,172.00
11,218.00
12,041.00
14,393.00
growth rate -19.0% 37.3% 7.3% 19.5%
Inventory 1,712.00
1,619.00
1,786.00
1,869.00
1,949.00
growth rate -5.4% 10.3% 4.7% 4.3%
Cur.Liabilities 35,066.00
37,701.00
40,673.00
38,442.00
37,993.00
growth rate 7.5% 7.9% -5.5% -1.2%
Liabilities 131,525.00
131,201.00
133,275.00
133,512.00
132,794.00
growth rate -0.3% 1.6% 0.2% -0.5%
LT Debt 57,678.00
53,950.00
52,439.00
55,181.00
54,838.00
growth rate -6.5% -2.8% 5.2% -0.6%
Equity 17,956.00
20,841.00
19,999.00
20,551.00
21,208.00
growth rate 16.1% -4.0% 2.8% 3.2%
Common Shares 55,808.00
55,895.00
56,092.00
56,135.00
56,366.00
growth rate 0.2% 0.4% 0.1% 0.4%
Cash Flow Statement Sep '19 Dec '19 Mar '20 Jun '20 Sep '20
Capital Expenditures 588.00
576.00
630.00
585.00
725.00
growth rate -2.0% 9.4% -7.1% 23.9%
Cash Dividends 1,436.00
1,438.00
1,440.00
1,450.00
1,453.00
growth rate 0.1% 0.1% 0.7% 0.2%
Cash From OA 3,619.00
3,451.00
4,476.00
3,576.00
4,285.00
growth rate -4.6% 29.7% -20.1% 19.8%
Sale Purchase of Stock
growth rate
FCF 3,031.00
2,875.00
3,846.00
2,991.00
3,560.00
growth rate -5.2% 33.8% -22.2% 19.0%
Income Statement Sep '19 Dec '19 Mar '20 Jun '20 Sep '20
Sales 18,028.00
21,777.00
17,571.00
18,121.00
17,561.00
growth rate 20.8% -19.3% 3.1% -3.1%
Op.Income 2,021.00
4,072.00
923.00
1,929.00
2,120.00
growth rate 101.5% -77.3% 109.0% 9.9%
IBT 1,522.00
3,993.00
-50.00
1,571.00
1,827.00
growth rate 162.4% -100.0% 100.0% 16.3%
Net Income 1,672.00
3,670.00
1,175.00
1,361.00
1,698.00
growth rate 119.5% -68.0% 15.8% 24.8%
EPS
growth rate
Gross Profit 8,336.00
11,101.00
7,923.00
8,698.00
8,431.00
growth rate 33.2% -28.6% 9.8% -3.1%
R&D 1,500.00
1,596.00
1,625.00
1,582.00
1,515.00
growth rate 6.4% 1.8% -2.7% -4.2%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

F (14.24)

YOY Growth Grade:

F (15.48)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 13.25 14.00 10.04
EPS / Growth -5.0% 8.82 -1.1%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 5.8%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 1.0% 2.6% 2.6%
Future PE 2.00 9.49 9.49
Future EPS 9.75 11.39 11.39
Value Price
MOS %
4.82
-96.1%
26.73
-78.4%
26.73
-78.4%
MOS Price 2.41 13.36 13.36
IRT 13.05 11.83 11.83

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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