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STOCK COMPARISON

IRSA Propiedades Comerciales S.A vs International Business Machines: Fair Value & Quality

Both stocks run through our valuation models. Here is how IRSA Propiedades Comerciales S.A (IRCP) and International Business Machines (IBM) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: IRSA Propiedades Comerciales S.A trades at ARS 129 versus a fair value of ARS 39.33 (-69%), while International Business Machines trades at $237 versus $144 (-39%).
IRSA Propiedades Comerciales S.A
IRCP.BA · ARS · Real Estate
-69%
upside to fair value
overvalued
PriceARS 129
Fair ValueARS 39.33
Quality21/100
International Business Machines
IBM · USD · Information Technology
-39%
upside to fair value
overvalued
Price$237
Fair Value$144
Quality67/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

IRSA Propiedades Comerciales S.AInternational Business Machines
Valuation
P/E (TTM)25.7×
P/S (TTM)2.96×
P/B6.25×
18.3×EV/EBITDA14.8×
PEG2.71×
Dividend yield2.3%
Dividend per share$6.72
Profitability
0%Net margin16%
19%Operating margin14%
-50%Return on equity36%
1%Return on assets5%
Growth
31%Revenue growth (YoY)10%
22.7%Avg. growth/yr (3Y)3.7%
23.3%Avg. growth/yr (5Y)-1.7%
Balance & size
0.49×Debt / equity1.68×
$49MMarket cap$204B
mixedGrowth qualityweak

IRSA Propiedades Comerciales S.A leads: 5 to 4 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

IRSA Propiedades Comerciales S.Aof which business quality 24 · market factors 51 International Business Machinesof which business quality 61 · market factors 41
ProfitabilityMargins and returns on capital today
1
59
Quality GrowthAre margins and returns improving?
8
68
CashflowEarnings quality: real cash, not paper profit
59
70
Fin. StrengthBalance sheet, leverage, solvency risk
34
39
InvestmentDisciplined investing over empire-building
33
66
Low VolatilityCalm price path (market factor)
84
54
MomentumPrice trend over the last 3–12 months (market factor)
40
42
52W MomentumDistance to the 52-week high (market factor)
33
26
Net IssuanceBuybacks instead of dilution
0
69

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

IRSA Propiedades Comerciales S.A

DCF ModelsARS 49.78
Dividend DiscountARS 84.10
MultiplesARS 50.19
Asset-BasedARS 89.70
Growth DCFARS 38.55

11 of 11 models see the stock below the current price.

International Business Machines

DCF Models$137
Earnings-Based$84.63
Dividend Discount$76.30
Multiples$161
Asset-Based$23.27
Growth DCF$125
Economic Profit$84.51
Growth Earnings$171

24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

IRSA Propiedades Comerciales S.A
Bear ARS 7.87Fair Value ARS 39.33Bull ARS 64.33
ARS 129 = current price (white tick)
International Business Machines
Bear $89.31Fair Value $144Bull $208
$237 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

IRSA Propiedades Comerciales S.A · Real Estate

Quality score21 · bottom 25%
Fair value upside-69% · bottom 25%

International Business Machines · Information Technology

Quality score67 · Top 25%
Fair value upside-39% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees International Business Machines as the less overvalued of the two: IRSA Propiedades Comerciales S.A trades at ARS 129 versus a fair value of ARS 39.33 (-69%), while International Business Machines trades at $237 versus $144 (-39%).

International Business Machines has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.