` Comparison: TECHM, IBM - Alpha Spread

TECHM
vs
IBM

Over the past 12 months, TECHM has underperformed IBM, delivering a return of +3% compared to the IBM's +57% growth.

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TECHM
IBM
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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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

TECHM Intrinsic Value
1 357.97 INR
Overvaluation 12%
Intrinsic Value
Price
IBM Intrinsic Value
196.87 USD
Overvaluation 31%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Tech Mahindra Ltd
NSE:TECHM
1 544.8 INR
International Business Machines Corp
NYSE:IBM
284.71 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TECHM, IBM

TECHM
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
Tech Mahindra Ltd
Revenue
International Business Machines Corp
Revenue

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

Profitability Comparison

Free Cash Flow
TECHM, IBM

TECHM
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
Tech Mahindra Ltd
NSE:TECHM
International Business Machines Corp
NYSE:IBM
What is Free Cash Flow?

Gross Margin

TECHM
89%
IBM
57%

Operating Margin

TECHM
9.7%
IBM
14.9%

Net Margin

TECHM
8%
IBM
8.7%

FCF Margin

TECHM
9.8%
IBM
19.9%

ROE

TECHM
15.7%
IBM
21.8%

ROA

TECHM
9.7%
IBM
3.9%

ROIC

TECHM
12.1%
IBM
7.3%

ROCE

TECHM
16.4%
IBM
8.7%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
TECHM, IBM

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Performance Gap
TECHM, IBM

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TECHM
IBM
Difference
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Performance By Year
TECHM, IBM

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TECHM
IBM
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