International Piotroski F Score

IBM Stock  USD 135.86  0.32  0.23%   
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.
  
As of 7th of February 2023, Debt Current is likely to grow to about 9.3 B, while Total Debt is likely to drop about 60.1 B. International Business Cash and Equivalents Turnover is very stable at the moment as compared to the past year. International Business reported last year Cash and Equivalents Turnover of 6.39. As of 7th of February 2023, Return on Investment is likely to grow to 9.67, while Receivables Turnover is likely to drop 3.81.
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..
6.0
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 ChangeLower 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 BB
Significantly Up
Down
Slightly volatile
Weighted Average Shares1.1 BB
Significantly Up
Down
Slightly volatile
Return on Average Assets4.714.59
Fairly Up
Down
Slightly volatile
Net Cash Flow from Operations17.6 B14.7 B
Fairly Up
Down
Slightly volatile
Current Liabilities42.7 B38.7 B
Significantly Up
Down
Slightly volatile
Total Liabilities98.7 B101.8 B
Sufficiently Down
Up
Slightly volatile
Gross Margin46.3649.41
Notably Down
Up
Pretty Stable
Total Debt60.1 B63.4 B
Notably Down
Up
Slightly volatile
Asset Turnover0.650.46
Significantly Up
Down
Slightly volatile
Current Assets44 B34 B
Significantly Up
Down
Slightly volatile
Total Assets115.5 B118.8 B
Fairly Down
Up
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

1.13 Billion

International Business Weighted Average Shares is very stable at the moment as compared to the past year. International Business reported last year Weighted Average Shares of 1.03 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.
201820192020202120222023 (projected)
Net Income Per Employee24.89 K24.57 K14.85 K18.67 K21.47 K27.9 K
Revenue Per Employee227.01 K201.01 K195.63 K186.44 K214.41 K240.62 K
Average Assets123.07 B146.85 B154.43 B142.91 B164.35 B159.46 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA16.28 B17.22 B12.52 B12.36 B14.21 B19.03 B
Earnings Before Interest Taxes and Depreciation Amortization USD16.55 B16.89 B12.21 B13.44 B12.1 B14.51 B
Earnings before Tax11.35 B9.49 B4.23 B5.87 B5.28 B5.42 B
Average Equity18.32 B18.23 B20.59 B21.11 B24.28 B23.51 B
Enterprise Value138.49 B179.98 B168 B171.04 B153.93 B160.93 B
Free Cash Flow11.53 B12.4 B15.15 B10.41 B9.37 B10.58 B
Invested Capital80.01 B100.87 B100.03 B78.41 B90.17 B93.5 B
Invested Capital Average81.26 B100.15 B99.89 B84.95 B97.7 B97.39 B
Market Capitalization103.3 B118.71 B112.17 B119.87 B107.88 B121.2 B
Tangible Asset Value84.03 B78.73 B88.47 B63.85 B57.46 B64.66 B
Working Capital10.92 B719 M(704 M)(4.08 B)(3.67 B)(3.77 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. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. International Business operates under Information Technology Services classification in the United States and is traded on New York Stock Exchange. It employs 282100 people.

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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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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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
0.147
Market Capitalization
122.7 B
Quarterly Revenue Growth
4.123
Return On Assets
0.0078
Return On Equity
0.0869
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.