This year hasn't been kind to shares of IBM (IBM -9.19%). The Dow component is trailing the broader market badly, and could end 2013 as the single worst stock in the group.

IBM Chart

IBM data by YCharts

But does next year hold more promise for IBM investors?

In the following video, Fool contributor Demitrios Kalogeropoulos tries to answer that question. He goes over the tech giant's recent performance and notes that the company has seen some particularly bad results in emerging markets. Still, profitability is holding up, the company is generating billions in free cash flow, and it's on track to boost earnings by 25% in two years. Those fundamentals point to an attractive valuation that could prime IBM shares for a solid 2014.