` Comparison: IDR, IBM - Alpha Spread

IDR
vs
IBM

Over the past 12 months, IDR has significantly outperformed IBM, delivering a return of +191% compared to the IBM's +36% growth.

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IDR
IBM
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Valuation Comparison

IDR Intrinsic Value
49.6 EUR
Undervaluation 3%
Intrinsic Value
Price
IBM Intrinsic Value
209.01 USD
Overvaluation 31%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Indra Sistemas SA
MAD:IDR
48.14 EUR
International Business Machines Corp
NYSE:IBM
300.98 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
IDR, IBM

IDR
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
Indra Sistemas SA
Revenue
International Business Machines Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
IDR, IBM

IDR
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
Indra Sistemas SA
MAD:IDR
International Business Machines Corp
NYSE:IBM
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What is Free Cash Flow?

Gross Margin

IDR
76.8%
IBM
57.8%

Operating Margin

IDR
8.9%
IBM
16.1%

Net Margin

IDR
6.9%
IBM
12.1%

FCF Margin

IDR
3.1%
IBM
18.3%

ROE

IDR
39%
IBM
30.2%

ROA

IDR
9.2%
IBM
5.6%

ROIC

IDR
12.2%
IBM
6.9%

ROCE

IDR
22%
IBM
9.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IDR, IBM

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Performance Gap
IDR, IBM

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IDR
IBM
Difference
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Performance By Year
IDR, IBM

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IDR
IBM
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