Valuecruncher

Running the Numbers: IBM is Cheap

EBITDA is a measure of profitability that we use as an estimate for cash generated by the business (then adjusted for Capital Expenditure, Depreciation and Tax to calculate free cash flow in the Valuecruncher model).

Reuters provides a EBITD margin for companies - our base case are a reasonable estimate. Below is the Reuters link for IBM:

www.reuters.com/financ...