Is International Business Machines (IBM) A Bargain Or Fully Priced?
International Business Machines has delivered a strong multi year share price run. With the stock recently at US$232.14 and cash flows in focus, the live question is whether that price still lines up with what the business can earn and return over time. Over the past 5 years the share price has gained 130.1%, which puts a lot of weight on the idea that IBM’s future cash flows can justify a much higher valuation than in the past. Fresh commitments in areas such as quantum computing and...
International Business Machines has delivered a strong multi year share price run. With the stock recently at US$232.14 and cash flows in focus, the live question is whether that price still lines up with what the business can earn and return over time.
Over the past 5 years the share price has gained 130.1%, which puts a lot of weight on the idea that IBM’s future cash flows can justify a much higher valuation than in the past.
Fresh commitments in areas such as quantum computing and...
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