Stock Pitch Template
XXX Company Name – Date:                01/23/2015Ticker:                 IBMStock price:         $27.44Market Cap:        $17.1BEnterprise Value:        $17.9B (approx)        ROE (2016 estimate):        21%2015 P/E:                192016 P/E:                16 (my estimate)Recommendation:          Strong BuyTarget price:                 $69 by 2018MBA – Class of xxxxThe University of xxxxxxExecutive SummaryCompany DescriptionInvestment ThesisIndustry and Competitive AnalysisManagement teamFinancial Model 2013 (actual)2014 (actual)2015 (actual)Q1-Q3-2016 (actual) (1)Fy-2016 (estimate) (1)2017 (estimate)NotesSALES:        Segment 1219.0259.0371.0387.0516.01548.0Segment 2976.21234.41538.71683.12244.16732.4Segment 3334.3453.6677.9703.6938.23752.7Other sales20.019.020.016.121.564.4Total Sales2078.02518.03276.03476.24634.913971.0         GROSS PROFIT:        Segment 198.6116.6167.0174.2232.2696.645% gross marginSegment 2390.5493.8646.3706.9942.52491.037% gross marginSegment 3133.7181.4284.7295.5394.01388.537% gross marginOther sales120.0110.0129.4127.7170.2299.937% gross marginTotal Gross Profit847.31095.41518.91623.32164.45537.5 Gross Profit Margin40.8%43.5%46.4%46.7%46.7%39.6%         R&d expense107.2165213.5245.7327.6558.84% of salesSG&A358.1406.4520.6508.6678.11397.110% of salesOther expense15.70.0-92.600.00.0 Operating income366.3524877.48691158.73581.6 Tax/ Finance expense88.1113.7186.4190253.3788.022% of Op. IncomeNET INCOME:278.2410.3691679905.32793.6 Net Profit Margin13.4%16.3%21.1%19.5%19.5%20.0% Source: XXX annual reports, XXX press releases, YYY Sell side report, and author’s estimates

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