International Piotroski F Score

IBM
 Stock
  

USD 148.90  2.41  1.65%   

This module uses fundamental data of International Business to approximate its Piotroski F score. International Business F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of International Business Machines. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about International Business financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please see International Business Altman Z Score, International Business Correlation, International Business Valuation, as well as analyze International Business Alpha and Beta and International Business Hype Analysis.
  
International Business Total Debt is relatively stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 55.76 Billion. Debt Current is expected to hike to about 8.7 B this year, although the value of Debt Non Current will most likely fall to nearly 47.1 B. International Business Inventory Turnover is relatively stable at the moment as compared to the past year. The company's current value of Inventory Turnover is estimated at 21.03. Accrued Expenses Turnover is expected to hike to 11.40 this year, although the value of Accounts Payable Turnover will most likely fall to 12.31.
At this time, it appears that International Business' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

International Business Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to International Business is to make sure International is not a subject of accounting manipulations and runs a healthy internal audit department. So, if International Business' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if International Business' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted1.1 B904.6 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares1.1 B896 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets4.093.9886
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations16.6 B12.8 B
Significantly Up
Decreasing
Slightly volatile
Current Liabilities40.1 B33.6 B
Fairly Up
Decreasing
Slightly volatile
Total Liabilities104.6 B113.1 B
Significantly Down
Increasing
Slightly volatile
Gross Margin49.2554.9015
Moderately Down
Increasing
Slightly volatile
Total Debt55.8 B55.1 B
Fairly Up
Increasing
Slightly volatile
Asset Turnover0.610.3983
Way Up
Decreasing
Slightly volatile
Current Assets41.7 B29.5 B
Significantly Up
Decreasing
Slightly volatile
Total Assets122.4 B132 B
Significantly Down
Increasing
Slightly volatile

International Business F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between International Business' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards International Business in a much-optimized way.

About International Business Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

1.06 Billion

International Business Weighted Average Shares is relatively stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 1.06 Billion

International Business Current Valuation Drivers

We derive many important indicators used in calculating different scores of International Business from analyzing International Business' financial statements. These drivers represent accounts that assess International Business' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of International Business' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee15.69 K24.89 K24.57 K14.85 K18.67 K26.43 K
Revenue Per Employee215.87 K227.01 K201.01 K195.63 K186.44 K225.9 K
Average Assets121.25 B123.07 B146.85 B154.43 B142.91 B148.17 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA16.41 B16.28 B17.22 B12.52 B12.36 B18.06 B
Earnings Before Interest Taxes and Depreciation Amortization USD16.55 B16.55 B16.89 B12.21 B13.44 B15.22 B
Earnings before Tax11.39 B11.35 B9.49 B4.23 B5.87 B8.82 B
Average Equity18.49 B18.32 B18.23 B20.59 B21.11 B21.85 B
Enterprise Value176.75 B138.49 B179.98 B168 B171.04 B169.93 B
Free Cash Flow13.41 B11.53 B12.4 B15.15 B10.41 B11.13 B
Invested Capital82.05 B80.01 B100.87 B100.03 B78.41 B87.31 B
Invested Capital Average79.18 B81.26 B100.15 B99.89 B84.95 B90.68 B
Market Capitalization142.03 B103.3 B118.71 B112.17 B119.87 B127.51 B
Tangible Asset Value84.83 B84.03 B78.73 B88.47 B63.85 B68.02 B
Working Capital12.37 B10.92 B719 M(704 M)(4.08 B)(4.19 B)

International Business ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, International Business' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to International Business' managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About International Business Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze International Business Machines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of International Business using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of International Business Machines based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions software for business automation, AIOps and management, integration, and application servers data and artificial intelligence solutions and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services technology consulting services and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients mission-critical and regulated workloads and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.

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Please see International Business Altman Z Score, International Business Correlation, International Business Valuation, as well as analyze International Business Alpha and Beta and International Business Hype Analysis. Note that the International Business information on this page should be used as a complementary analysis to other International Business' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is International Business' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of International Business. If investors know International will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about International Business listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.041
Market Capitalization
131 B
Quarterly Revenue Growth YOY
0.065
Return On Assets
0.0322
Return On Equity
0.0648
The market value of International Business is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Business' value that differs from its market value or its book value, called intrinsic value, which is International Business' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because International Business' market value can be influenced by many factors that don't directly affect International Business' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between International Business' value and its price as these two are different measures arrived at by different means. Investors typically determine International Business value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Business' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.