FISV

FiservNasdaqGS:FISV Stock Report

Market Cap

US$71.9b

7D

-1.9%

1Y

4.9%

Updated

18 Sep, 2021

Data

Company Financials +
FISV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends0/6

FISV Overview

Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide.

Fiserv Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fiserv
Historical stock prices
Current Share PriceUS$108.62
52 Week HighUS$92.81
52 Week LowUS$127.34
Beta0.89
1 Month Change-6.56%
3 Month Change0.98%
1 Year Change4.95%
3 Year Change33.37%
5 Year Change114.68%
Change since IPO22,918.61%

Recent News & Updates

Sep 16
Fiserv, Inc.'s (NASDAQ:FISV) Intrinsic Value Is Potentially 44% Above Its Share Price

Fiserv, Inc.'s (NASDAQ:FISV) Intrinsic Value Is Potentially 44% Above Its Share Price

Today we will run through one way of estimating the intrinsic value of Fiserv, Inc. ( NASDAQ:FISV ) by taking the...

Sep 02

Fiserv: Big Potential In The Fintech Space

Clover is leading the charge for the resurgence in Fiserv, with 96% growth YTD. Fiserv has many other weapons in the fintech space, including debit cards that will lead growth for the core banking leader. The company currently is undervalued, albeit by a small margin, but with growing revenue and cost synergies being realized from the First Data merger.

Aug 25

Activist Spotlight: ValueAct Has Sights Set On Fiserv

Fiserv facilitates payments for businesses and financial institutions -- you could argue they are essential in the continued digitization of banking and payments. ValueAct mentioned Clover could be valued at $30-$45 billion today and could be $185 billion by 2024. Shares look attractive with our intrinsic value estimate of $153.92 per share.

Shareholder Returns

FISVUS ITUS Market
7D-1.9%-0.9%-0.6%
1Y4.9%25.7%33.8%

Return vs Industry: FISV underperformed the US IT industry which returned 25.7% over the past year.

Return vs Market: FISV underperformed the US Market which returned 33.8% over the past year.

Price Volatility

Is FISV's price volatile compared to industry and market?
FISV volatility
FISV Beta0.89
Industry Beta1.18
Market Beta1

Stable Share Price: FISV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FISV's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198444,000Frank Bisignanohttps://www.fiserv.com

Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.

Fiserv Fundamentals Summary

How do Fiserv's earnings and revenue compare to its market cap?
FISV fundamental statistics
Market CapUS$71.93b
Earnings (TTM)US$1.14b
Revenue (TTM)US$15.42b

63.3x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FISV income statement (TTM)
RevenueUS$15.42b
Cost of RevenueUS$7.48b
Gross ProfitUS$7.94b
ExpensesUS$6.81b
EarningsUS$1.14b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.70
Gross Margin51.50%
Net Profit Margin7.37%
Debt/Equity Ratio61.2%

How did FISV perform over the long term?

See historical performance and comparison

Valuation

Is Fiserv undervalued compared to its fair value and its price relative to the market?

30.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FISV ($108.62) is trading below our estimate of fair value ($156.98)

Significantly Below Fair Value: FISV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FISV is poor value based on its PE Ratio (63.3x) compared to the US IT industry average (34.4x).

PE vs Market: FISV is poor value based on its PE Ratio (63.3x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FISV is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: FISV is good value based on its PB Ratio (2.3x) compared to the US IT industry average (5.2x).


Future Growth

How is Fiserv forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

33.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FISV's forecast earnings growth (33.4% per year) is above the savings rate (2%).

Earnings vs Market: FISV's earnings (33.4% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FISV's revenue (7.4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: FISV's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FISV's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has Fiserv performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FISV has high quality earnings.

Growing Profit Margin: FISV's current net profit margins (7.4%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: FISV's earnings have declined by 0.7% per year over the past 5 years.

Accelerating Growth: FISV's earnings growth over the past year (35.5%) exceeds its 5-year average (-0.7% per year).

Earnings vs Industry: FISV earnings growth over the past year (35.5%) exceeded the IT industry 28%.


Return on Equity

High ROE: FISV's Return on Equity (3.6%) is considered low.


Financial Health

How is Fiserv's financial position?


Financial Position Analysis

Short Term Liabilities: FISV's short term assets ($17.7B) exceed its short term liabilities ($17.3B).

Long Term Liabilities: FISV's short term assets ($17.7B) do not cover its long term liabilities ($25.7B).


Debt to Equity History and Analysis

Debt Level: FISV's debt to equity ratio (61.2%) is considered high.

Reducing Debt: FISV's debt to equity ratio has reduced from 172.5% to 61.2% over the past 5 years.

Debt Coverage: FISV's debt is well covered by operating cash flow (21.1%).

Interest Coverage: FISV's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

What is Fiserv current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FISV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FISV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FISV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FISV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FISV's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Frank Bisignano (62 yo)

1.17yrs

Tenure

US$12,193,925

Compensation

Mr. Frank J. Bisignano serves as the Chief Executive Officer at Fiserv, Inc. July 1, 2020. Mr. Bisignano serves as the Chief Executive Officer at FDGS Group, LLC and FundsXpress Financial Network, Inc. Mr....


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD12.19M) is about average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FISV's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: FISV's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FISV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fiserv, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fiserv, Inc.
  • Ticker: FISV
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$71.929b
  • Shares outstanding: 662.20m
  • Website: https://www.fiserv.com

Number of Employees


Location

  • Fiserv, Inc.
  • 255 Fiserv Drive
  • Brookfield
  • Wisconsin
  • 53045
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.