International Business Machines Corporation (IBM) exhibits 58.2% gross margins and 13.8% return on invested capital within Technology (Computer Manufacturing), balanced against a 20.6x enterprise multiple and 7.9% implied options volatility.
Sustained 58.2% gross profitability converts into 19.1% operating margin and 13.8% ROIC, outpacing sector cost of capital.
ROIC: 13.8% // GM: 58.2%YoY revenue trajectory of +7.6% paired with 4.96% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +7.6% // FCF YLD: 4.96%Altman Z-Score of 3.38 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.38 // F-SCORE: 7/9Trading at 23.0x trailing P/E (21.4x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 23.0x // EV/EBITDA: 20.6xOptions market prices a ±7.9% implied move with a 0.73 put/call ratio around $253.00 max pain.
IMPL MOVE: ±7.9% // P/C: 0.73Elevated industry capital intensity and customer concentration in Computer Manufacturing require continuous execution to defend 15.7% net margins.
NET MARGIN: 15.7% // D/E: 1.68x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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