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IBM Common Stock (IBM)

IT Services
Tecnología
growth
cíclico
dividend achiever

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. Its Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. Its Financing segment offers client and commercial financing, facilitates IBM clients’ acquisition of hardware, software, and services. It has strategic partnership with various companies, including hyperscalers, service providers, system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. 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.

Precio Actual

$227.68
-1.66% vs día anterior

Capitalización

214B

Desviación

-19.87%

Crec. Y/Y

5.5%

Margen EBIT

21.7%

ROIC

10%

PEG Ratio

3.04

ROE

31.1%

Crec. EPS 3A

6.6%

Yield Div.

2.95%

Net Debt / EBITDA

1.9x

Último Análisis

05/2026
Fecha en la que se realizó la última valoración profunda de esta acción.

Proyecciones CAGR

Proyecciones de tasa de crecimiento anual compuesta basadas en diferentes modelos de valoración. CAGR EV/FCF es la métrica principal.

CAGR EV/FCF
11.2%
CAGR EV/FCF 2026:
24.8%
CAGR Prom.:
9.8%
CAGR P/E:
7.6%
CAGR EV/EBITDA: 9.8%
CAGR EV/EBIT: 10.4%
Precio de compra para +15%:
$186.28

Múltiplos de Valoración

Múltiplos de valoración utilizados para las estimaciones de CAGR y precios objetivo.

PER
20x
(Fair P/E: 22x)
EV/FCF
20x
CAGR EV/EBITDA
15x
CAGR EV/EBIT
20x

Gráfico de Evolución del Precio

Precios Objetivo FCF

Precios futuros estimados de la acción basados en proyecciones de flujo de caja libre.

Calculadora de Sensibilidad

Compara el CAGR de tu valoración con el que resultaría al aplicar diferentes múltiplos (LTM y Fair P/E).

Mercado LTM P/E
20x
Fair P/E
22x
CAGR EV/FCF
Tu Múltiplo: 20x
11.2%
11.2%
13.4%
CAGR P/E
Tu Múltiplo: 20x
7.6%
7.6%
9.7%
Tu CAGR
CAGR con LTM
CAGR con Fair P/E

Reverse DCF

Crec. Implícito del Mercado-5.5%
Tu CAGR EV/FCF11.2%
-5.5%11.2%
Margen de Seguridad: +16.7pp

Rentabilidad mínima que exiges a tu inversión. Refleja el coste de oportunidad y el riesgo.

Múltiplo EV/FCF al que se valorará la empresa al final del periodo de proyección.

Notas

Rendimiento Histórico vs. Índices

Rendimiento anual (YTD) de la acción comparado con índices y materias primas de referencia.

Media vs. Bitcoin
-288.17%
Media vs. Gold
-4.85%
Media vs. Bono USA 7-10y
+6.79%
Media vs. Bono USA 1-3y
+5.89%
Media vs. Bono USA 20+y
+8.00%
Media vs. Dow Jones
-5.37%
Media vs. S&P 500
-7.95%
Media vs. NASDAQ 100
-14.09%
Media vs. MSCI World
-5.60%
Media vs. Russell 2000
-2.81%
Media vs. STOXX Europe 600
+0.83%
statistics.year
Rendimiento IBM
Rendimiento Bitcoin
Rendimiento vs. Bitcoin
Rendimiento Gold
Rendimiento vs. Gold
Rendimiento Bono USA 7-10y
Rendimiento vs. Bono USA 7-10y
Rendimiento Bono USA 1-3y
Rendimiento vs. Bono USA 1-3y
Rendimiento Bono USA 20+y
Rendimiento vs. Bono USA 20+y
Rendimiento Dow Jones
Rendimiento vs. Dow Jones
Rendimiento S&P 500
Rendimiento vs. S&P 500
Rendimiento NASDAQ 100
Rendimiento vs. NASDAQ 100
Rendimiento MSCI World
Rendimiento vs. MSCI World
Rendimiento Russell 2000
Rendimiento vs. Russell 2000
Rendimiento STOXX Europe 600
Rendimiento vs. STOXX Europe 600
2026
YTD en Vivo
-21.61%-10.01%-11.59%8.78%-30.39%-0.54%-21.06%-0.35%-21.26%-0.37%-21.24%1.75%-23.36%4.47%-26.08%6.89%-28.50%4.70%-26.30%11.11%-32.72%2.43%-24.04%
2025
34.68%110.77%-76.09%26.96%+7.72%-3.73%+38.41%0.05%+34.63%-11.17%+45.85%12.80%+21.87%24.01%+10.67%30.78%+3.90%17.88%+16.79%10.80%+23.88%5.50%+29.17%
2024
36.12%153.66%-117.54%11.76%+24.36%-0.15%+36.26%0.98%+35.13%-2.54%+38.66%13.74%+22.38%24.73%+11.39%44.52%-8.40%21.92%+14.19%15.78%+20.33%11.67%+24.44%
2023
15.54%-65.23%+80.77%0.78%+14.76%-15.93%+31.47%-5.00%+20.54%-31.00%+46.55%-9.40%+24.94%-19.95%+35.50%-33.89%+49.44%-19.70%+35.24%-22.50%+38.04%-13.29%+28.83%
2022
3.57%60.33%-56.77%-6.24%+9.80%-4.15%+7.72%-0.98%+4.55%-5.94%+9.50%20.23%-16.67%28.79%-25.23%23.20%-19.64%21.22%-17.66%15.39%-11.82%21.66%-18.10%
2021
12.91%301.93%-289.02%23.90%-11.00%8.33%+4.58%2.02%+10.89%15.12%-2.22%6.02%+6.89%15.29%-2.39%41.75%-28.84%12.94%-0.03%18.48%-5.58%-4.64%+17.55%
2020
-7.04%88.85%-95.90%17.78%-24.82%5.55%-12.60%1.20%-8.24%10.91%-17.96%21.91%-28.96%28.34%-35.38%34.60%-41.65%25.23%-32.27%23.05%-30.09%23.42%-30.46%
2019
16.35%-71.79%+88.14%-3.12%+19.46%-0.97%+17.32%-0.24%+16.59%-3.17%+19.52%-6.03%+22.38%-7.01%+23.36%-5.30%+21.65%-11.16%+27.51%-13.00%+29.35%-13.42%+29.77%
2018
-26.31%1,184.56%-1,210.87%11.93%-38.24%0.76%-27.07%-0.63%-25.68%6.03%-32.34%24.33%-50.64%18.42%-44.72%27.16%-53.46%19.45%-45.76%12.45%-38.76%7.16%-33.47%
2017
-8.23%1,184.56%-1,192.80%11.93%-20.17%-1.15%-7.08%-0.02%-8.21%-1.91%-6.32%24.33%-32.57%18.42%-26.65%27.16%-35.39%19.45%-27.69%12.45%-20.69%7.16%-15.39%
common.average5.60%293.76%-288.17%10.45%-4.85%-1.20%+6.79%-0.30%+5.89%-2.40%+8.00%10.97%-5.37%13.55%-7.95%19.69%-14.09%11.19%-5.60%8.40%-2.81%4.77%+0.83%
Rendimiento anual de cada inversión. La línea discontinua marca el benchmark. 0% (punto de equilibrio).

Historial de Valoración

Registro de los cambios en los parámetros de valoración a lo largo del tiempo.

Fecha de Valoración
Crec. Y/Y
Margen EBIT
Deuda/Pat.
PER
EV/FCF
CAGR EV/EBITDA
CAGR EV/EBIT
Objetivo 2026
Objetivo 2027
Objetivo 2028
Objetivo 2029
Objetivo 2030
4/14/20265.5%21.6%1.9x20x(22x)20x15x20x$274.99$306.42$342.64$358.45$374.99
9/24/20254.8%20.5%2.9x20x(18x)20x15x20x$239.72$237.69$249.00$257.20$265.66

Historial de Dividendos

Evolución de los dividendos por acción y métricas de crecimiento.

Yield Actual
294.71%
Crecimiento (5A)
223.4%
Años Consecutivos
9