Kyndryl (KD) - A net net / but worth the investment?

Just noticed this this morning haven’t done any research.

Kyndryl provides technology services to companies like outsourcing data centers, data center colocation, technology management etc..

Some of the fundamentals look bad, like declining revenue, lumpy net income and eps.

But:
- current p/e - 14 / forward p/e - 6
- FCF yield - 12.30% (adj. for stock based comp - 11.36%)
- price to sales - 0.18

The best part is it has cash of $2.62 billion and its market cap is $2.76 billion.

Seems really cheap, obviously it’s gotta be cheap for a reason.

Anyone out ahead of me that has researched this company and can provide thoughts, insights, things to look out for etc?

Thanks 🙏