| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
FISV Overview
Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide.
Fiserv Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$108.62 |
| 52 Week High | US$92.81 |
| 52 Week Low | US$127.34 |
| Beta | 0.89 |
| 1 Month Change | -6.56% |
| 3 Month Change | 0.98% |
| 1 Year Change | 4.95% |
| 3 Year Change | 33.37% |
| 5 Year Change | 114.68% |
| Change since IPO | 22,918.61% |
Recent News & Updates
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...
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.
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
| FISV | US IT | US Market | |
|---|---|---|---|
| 7D | -1.9% | -0.9% | -0.6% |
| 1Y | 4.9% | 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
| FISV volatility | |
|---|---|
| FISV Beta | 0.89 |
| Industry Beta | 1.18 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 44,000 | Frank Bisignano | https://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
| FISV fundamental statistics | |
|---|---|
| Market Cap | US$71.93b |
| Earnings (TTM) | US$1.14b |
| Revenue (TTM) | US$15.42b |
63.3x
P/E Ratio4.7x
P/S RatioIs FISV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FISV income statement (TTM) | |
|---|---|
| Revenue | US$15.42b |
| Cost of Revenue | US$7.48b |
| Gross Profit | US$7.94b |
| Expenses | US$6.81b |
| Earnings | US$1.14b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.70 |
| Gross Margin | 51.50% |
| Net Profit Margin | 7.37% |
| Debt/Equity Ratio | 61.2% |
How did FISV perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:02 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.