International Business Machines

Valuation Analysis

About the Company

International Business Machines en bref

International Business Machines (IBM) is currently trading at 217,73 € with a market capitalization of 204,6 Md €. The trailing P/E ratio stands at 22.12x, with a forward P/E of 18.56x. The 52-week range spans from 185,11 € to 289,83 €; the current price is 24.9% below the yearly high. Year-over-year revenue growth stands at +9.5%. The net profit margin stands at 15.61%.

💰 Dividende

International Business Machines pays an annual dividend of 5,89 € per share, representing a yield of 2.71%. The payout ratio stands at 59.47%.

📊 Avis des analystes

21 analystes évaluent International Business Machines (IBM) au consensus : Acheter. L'objectif de cours moyen est de 253,59 €, soit un potentiel de +16.47% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 169,99 € à 339,99 €.

International Business Machines : la thèse d'investissement en détail

International Business Machines (IBM) operates in the Technology — specifically Information Technology Services — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Return on equity of 35.77% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard. Free cash flow is positive and net margins stand at 15.61%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions. Wall Street consensus sits at Buy with an average price target implying roughly 16.47% upside from current levels — analyst sentiment is firmly constructive.

Le scénario baissier

The debt-to-equity ratio of 211.17% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn.

À surveiller

• The forward P/E of 18.56x is meaningfully below the trailing 22.12x — analysts expect earnings to step up; the next earnings release is the test.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Profil de risque

The data points to relatively defensive market behavior, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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