Market Cap
US$84.0b
Last Updated
2020/02/20 00:36 UTC
Data Sources
Company Financials +
Executive Summary
Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Fiserv's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FISV has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.1%
FISV
2.0%
US IT
0.5%
US Market
1 Year Return
45.8%
FISV
39.2%
US IT
20.3%
US Market
Return vs Industry: FISV exceeded the US IT industry which returned 39.2% over the past year.
Return vs Market: FISV exceeded the US Market which returned 20.3% over the past year.
Shareholder returns
| FISV | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 2.0% | 0.5% |
| 30 Day | 2.4% | 5.3% | 2.0% |
| 90 Day | 8.5% | 16.6% | 9.4% |
| 1 Year | 45.8%45.8% | 40.7%39.2% | 22.8%20.3% |
| 3 Year | 115.1%115.1% | 112.1%102.9% | 50.1%40.4% |
| 5 Year | 214.2%214.2% | 151.0%128.7% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Fiserv's share price compared to the market and industry in the last 5 years?
Simply Wall St News
15 hours ago | Simply Wall St
Is Fiserv, Inc.'s (NASDAQ:FISV) ROE Of 2.6% Concerning?2 weeks ago | Simply Wall St
These 4 Measures Indicate That Fiserv (NASDAQ:FISV) Is Using Debt Reasonably Well3 weeks ago | Simply Wall St
Calculating The Intrinsic Value Of Fiserv, Inc. (NASDAQ:FISV)Valuation
Is Fiserv undervalued compared to its fair value and its price relative to the market?
10.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FISV ($123.55) is trading below our estimate of fair value ($137.88)
Significantly Below Fair Value: FISV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FISV is poor value based on its PE Ratio (72.3x) compared to the IT industry average (33.5x).
PE vs Market: FISV is poor value based on its PE Ratio (72.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: FISV is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: FISV is good value based on its PB Ratio (2.6x) compared to the US IT industry average (4.3x).
Next Steps
Future Growth
How is Fiserv forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
28.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FISV's forecast earnings growth (28.5% per year) is above the savings rate (1.7%).
Earnings vs Market: FISV's earnings (28.5% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FISV's revenue (15.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: FISV's revenue (15.3% 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 (10.4%).
Next Steps
Past Performance
How has Fiserv performed over the past 5 years?
9.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FISV has high quality earnings.
Growing Profit Margin: FISV's current net profit margins (8.8%) are lower than last year (20.4%).
Past Earnings Growth Analysis
Earnings Trend: FISV's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: FISV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FISV had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the IT industry average (12%).
Return on Equity
High ROE: FISV's Return on Equity (2.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Fiserv's financial position?
Financial Position Analysis
Short Term Liabilities: FISV's short term assets ($17.0B) exceed its short term liabilities ($15.7B).
Long Term Liabilities: FISV's short term assets ($17.0B) do not cover its long term liabilities ($27.0B).
Debt to Equity History and Analysis
Debt Level: FISV's debt to equity ratio (60.1%) is considered high.
Reducing Debt: FISV's debt to equity ratio has reduced from 115.1% to 60.1% over the past 5 years.
Debt Coverage: FISV's debt is not well covered by operating cash flow (14%).
Interest Coverage: FISV's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Inventory Level: FISV has a low level of unsold assets or inventory.
Debt Coverage by Assets: FISV's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Fiserv's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FISV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FISV's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
5.5yrs
Average management tenure
CEO
Jeff Yabuki (59yo)
14.2yrs
Tenure
US$12,410,769
Compensation
Mr. Jeffery W. Yabuki, also known as Jeff, B.S., has been the Chief Executive Officer and Chairman of Fiserv, Inc. He has been a Director of First Data Corporation since July 29, 2019. He served as the Chi ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD12.41M) is about average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.2yrs | US$12.41m | 0.038% $31.8m | |
| CFO & Treasurer | 3.9yrs | US$4.27m | 0.0025% $2.1m | |
| Chief Legal Officer & Secretary | 7.1yrs | US$1.70m | 0.0048% $4.0m | |
| Executive VP & Senior Group President | 0yrs | US$5.29m | 0.0037% $3.1m | |
| Executive VP & Senior Group President | 0yrs | US$4.22m | 0.0049% $4.1m | |
| President | 0yrs | no data | 0.20% $168.6m | |
| President of Investment Services Division | 8.3yrs | no data | no data | |
| Chief Accounting Officer | 3.9yrs | no data | 0.0046% $3.9m | |
| Chief Information Officer | 2.1yrs | no data | no data | |
| Chief Administrative Officer | 0yrs | no data | 0.018% $14.7m |
5.5yrs
Average Tenure
59yo
Average Age
Experienced Management: FISV's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.2yrs | US$12.41m | 0.038% $31.8m | |
| President | 0yrs | no data | 0.20% $168.6m | |
| Independent Director | 0.6yrs | no data | 0.0030% $2.5m | |
| Lead Director | 0yrs | US$310.04k | 0.0060% $5.1m | |
| Independent Director | 0.6yrs | no data | 0.0045% $3.7m | |
| Independent Director | 12.5yrs | US$295.04k | 0.0061% $5.1m | |
| Independent Director | 7.6yrs | US$306.11k | no data | |
| Independent Director | 5.3yrs | US$285.04k | 0.000020% $16.8k | |
| Independent Director | 0.6yrs | no data | 0.00099% $831.6k | |
| Independent Director | 2yrs | US$314.90k | 0.00069% $579.6k |
2.0yrs
Average Tenure
59.5yo
Average Age
Experienced Board: FISV's board of directors are not considered experienced ( 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 only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.9%.
Top Shareholders
Company Information
Fiserv, Inc.'s company bio, 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$84.001b
- Shares outstanding: 679.90m
- Website: https://www.fiserv.com
Number of Employees
Location
- Fiserv, Inc.
- 255 Fiserv Drive
- Brookfield
- Wisconsin
- 53045
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FISV | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Sep 1986 |
| FIV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1986 |
| FIV | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Sep 1986 |
| 0IP9 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 1986 |
| FISV * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Sep 1986 |
| FISV | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Sep 1986 |
| FIV | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Sep 1986 |
| F1IS34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 2 COM | BR | BRL | Dec 2019 |
Biography
Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company’s Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services. This segment also offers card and print personalization services; investment account processing services for separately managed accounts; and fraud and risk management products and services. Its Financial Institution Services segment provides account processing, item processing and source capture, loan origination and servicing products, cash management and consulting services, and other products and services that support various types of financial transactions. This segment also provides ACH and treasury management, case management and resolution, and source capture optimization services to the financial services industry. The company also provides bank payment and liquidity management solutions, as well as Internet based mortgage software and mortgage lending technology solutions. It serves banks, credit unions, investment management firms, leasing and finance companies, billers, retailers, and merchants. The company was founded in 1984 and is headquartered in Brookfield, Wisconsin.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 00:36 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.