Kyndryl Holdings Inc Dossier
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SectorInformation Technology IndustryInformation Technology Services Beta (adjusted)1.50 Intrinsic Value $15.50median of 6 methods · middle span $11-$22based on filings through 30 Jun 2026 Market Price $12.12Price as of 1 Oct 2026 UndervaluedIntrinsic value is 28% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $2.6B Enterprise Value $6.2B Shares Outstanding 215.3M diluted Moat Rating None Next Earnings Date3 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Kyndryl Holdings, Inc. (NYSE: KD) is executing a multi-year turnaround strategy focused on transitioning away from low-margin legacy contracts toward high-margin cloud alliances (Alliances), automated delivery platforms (Advanced Delivery), and account optimization (Accounts). While the company's non-GAAP profitability metrics (Adjusted EBITDA and Adjusted Pretax Income) show solid expansion, GAAP net income and overall revenue growth remain constrained by restructuring costs, lengthening sales cycles, and legacy contract roll-offs. A neutral 'Hold' stance is warranted as the market monitors the execution of its workforce rebalancing program and the remediation of internal control weaknesses. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$13.00 Mean target$14.20 High · most bullish analyst$16.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The bear case reflects prolonged sales cycles, higher-than-expected restructuring charges, failure to remediate material weaknesses in internal controls, or negative outcomes from the active SEC inquiry, which would depress margins and delay free cash flow generation. Base CaseCentral scenario The base case assumes Kyndryl successfully stabilizes its top-line revenue in constant currency while expanding its adjusted pretax margins through the Advanced Delivery initiative (AI-powered Kyndryl Bridge) and workforce rebalancing. Hyperscaler alliances and Kyndryl Consult continue to grow at double-digit rates, offsetting legacy declines. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |