` Comparison: APX, IBM - Alpha Spread

APX
vs
IBM

Over the past 12 months, APX has significantly outperformed IBM, delivering a return of +149% compared to the IBM's +56% growth.

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APX
IBM
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

APX Intrinsic Value
1.068 AUD
Overvaluation 7%
Intrinsic Value
Price
IBM Intrinsic Value
196.87 USD
Overvaluation 30%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Appen Ltd
ASX:APX
1.145 AUD
International Business Machines Corp
NYSE:IBM
281.96 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
APX, IBM

APX
IBM
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Appen Ltd
Revenue
International Business Machines Corp
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
APX, IBM

APX
IBM
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Appen Ltd
ASX:APX
International Business Machines Corp
NYSE:IBM
What is Free Cash Flow?

Gross Margin

APX
46.2%
IBM
57%

Operating Margin

APX
-8.2%
IBM
14.9%

Net Margin

APX
-8.5%
IBM
8.7%

FCF Margin

APX
-5.7%
IBM
19.9%

ROE

APX
-19.3%
IBM
21.8%

ROA

APX
-12.3%
IBM
3.9%

ROIC

APX
-19.6%
IBM
7.3%

ROCE

APX
-16.5%
IBM
8.7%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
APX, IBM

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Performance Gap
APX, IBM

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APX
IBM
Difference
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Performance By Year
APX, IBM

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APX
IBM
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