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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $324M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Unisys Corporation logo

Unisys Corporation

UIS
25
Information Technology Services · Technology
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Good

Winston Score History

The full picture

Unisys Corporation helps large organizations manage their technology systems. It provides IT services like cloud computing, cybersecurity, and data processing, mainly to government agencies, airlines, banks, and other big institutions. The company is best known for running complex back-office technology operations that clients often find too difficult or costly to manage themselves.

Unisys earns money by signing long-term service contracts with clients, charging fees for managing their IT infrastructure and software systems. It operates globally, with significant business in the United States, Europe, and Australia, and generates roughly $2 billion in annual revenue. The company's main competitive advantage is its deep relationships with government and enterprise clients, but it faces real pressure from larger rivals like IBM and Accenture, as well as ongoing pension obligations that weigh on its finances. The key risk going forward is whether Unisys can win enough new contracts to offset revenue declines in its older, legacy technology businesses.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-19.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

16.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~6 years

$388M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$388M cash & investments at current burn rate

Growth context

Unisys Corporation is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
25.7%
Modest — 25.7% gross margin
Profit after running costs
Operating Margin
3.7%
Thin — 3.7% operating margin
Return on the money invested
ROCE
3.7%
Weak — 3.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+0.1%
Nearly flat sales (+0.1% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-11.4%
Burning cash (-11.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
2.27x
Tight — interest eats into profit (2.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
36.50%
Healthy income — 36.50% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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