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Kyndryl Holdings trades at 61 times earnings, but it's not as expensive as it seems

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Summary
Nutrition label

68% Informative

IT infrastructure specialist Kyndryl Holdings trades at 61 times GAAP earnings.

The company's separation from former parent company IBM left the company with lots of low-margin client contracts.

Free cash flow is expected to reach $300 million in 2025 , and then triple over the next three years .

By then, the sliding top-line revenue should stabilize at mid-single-digit annual growth.