` Comparison: IBM, SAP - Alpha Spread

IBM
vs
SAP

Over the past 12 months, IBM has underperformed SAP, delivering a return of 0% compared to the SAP's 12% drop.

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IBM
SAP
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Stocks Compared:
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Valuation Comparison

IBM Intrinsic Value
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SAP Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
International Business Machines Corp
SGO:IBM
136.51 USD
SAP SE
XETRA:SAP
208.8 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
IBM, SAP

IBM
SAP
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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
International Business Machines Corp
Revenue
SAP SE
Revenue

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

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Profitability Comparison

Free Cash Flow
IBM, SAP

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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
International Business Machines Corp
SGO:IBM
SAP SE
XETRA:SAP
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What is Free Cash Flow?

Gross Margin

IBM
57.8%
SAP
73.8%

Operating Margin

IBM
16.1%
SAP
27.5%

Net Margin

IBM
12.1%
SAP
19.4%

FCF Margin

IBM
18.3%
SAP
17.8%

ROE

IBM
30.2%
SAP
16.9%

ROA

IBM
5.6%
SAP
10.3%

ROIC

IBM
6.9%
SAP
13%

ROCE

IBM
9.7%
SAP
19.6%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IBM, SAP

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SAP
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Performance Gap
IBM, SAP

Performance Gap Between IBM and SAP
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Performance By Year
IBM, SAP

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SAP
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