IBM (IBM) Stock May Be 15% Undervalued As Quantum Progress Draws Focus

International Business Machines has seen its share price move around in recent months, yet the key issue for anyone looking at IBM today is whether the current US$232.14 level is supported by the cash the business can generate over time. Over the past 5 years, International Business Machines has delivered a total return of 130.1%, which puts real weight on the question of how its recent share price lines up with the cash flows investors are paying for now. Fresh projects in quantum computing...