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Fiserv

Nasdaq:FISV
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FISV
Nasdaq
$37B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The last earnings update was 82 days ago. More info.


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FISV Share Price and Events
7 Day Returns
0.7%
NasdaqGS:FISV
-0.1%
US IT
-1.2%
US Market
1 Year Returns
23.3%
NasdaqGS:FISV
23%
US IT
3.4%
US Market
FISV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fiserv (FISV) 0.7% 4.3% 9.5% 23.3% 72.9% 206%
US IT -0.1% 3.5% 11.1% 23% 94.3% 115.1%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • FISV matched the IT industry (23%) over the past year.
  • FISV outperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
FISV
Industry
5yr Volatility vs Market

FISV Value

 Is Fiserv undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fiserv to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fiserv.

NasdaqGS:FISV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:FISV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.986 (1 + (1- 21%) (16.71%))
1.078
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.078 * 5.96%)
9.15%

Discounted Cash Flow Calculation for NasdaqGS:FISV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fiserv is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:FISV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.15%)
2020 1,530.15 Analyst x4 1,401.83
2021 1,477.25 Analyst x2 1,239.87
2022 1,391.00 Analyst x1 1,069.58
2023 1,511.00 Analyst x1 1,064.42
2024 1,513.08 Est @ 0.14% 976.50
2025 1,526.93 Est @ 0.92% 902.80
2026 1,549.22 Est @ 1.46% 839.16
2027 1,577.74 Est @ 1.84% 782.94
2028 1,610.99 Est @ 2.11% 732.40
2029 1,647.95 Est @ 2.29% 686.38
Present value of next 10 years cash flows $9,695.87
NasdaqGS:FISV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,647.95 × (1 + 2.73%) ÷ (9.15% – 2.73%)
$26,354.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $26,354.83 ÷ (1 + 9.15%)10
$10,976.85
NasdaqGS:FISV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9,695.87 + $10,976.85
$20,672.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $20,672.73 / 392.44
$52.68
NasdaqGS:FISV Discount to Share Price
Calculation Result
Value per share (USD) From above. $52.68
Current discount Discount to share price of $95.39
= -1 x ($95.39 - $52.68) / $52.68
-81.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Fiserv is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fiserv's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fiserv's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FISV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.47
NasdaqGS:FISV Share Price ** NasdaqGS (2019-07-19) in USD $95.39
United States of America IT Industry PE Ratio Median Figure of 76 Publicly-Listed IT Companies 35.17x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fiserv.

NasdaqGS:FISV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FISV Share Price ÷ EPS (both in USD)

= 95.39 ÷ 2.47

38.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiserv is overvalued based on earnings compared to the US IT industry average.
  • Fiserv is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fiserv's expected growth come at a high price?
Raw Data
NasdaqGS:FISV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
12.8%per year
United States of America IT Industry PEG Ratio Median Figure of 65 Publicly-Listed IT Companies 2.56x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:FISV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.59x ÷ 12.8%

3.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiserv is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fiserv's assets?
Raw Data
NasdaqGS:FISV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.10
NasdaqGS:FISV Share Price * NasdaqGS (2019-07-19) in USD $95.39
United States of America IT Industry PB Ratio Median Figure of 126 Publicly-Listed IT Companies 4.08x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
NasdaqGS:FISV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FISV Share Price ÷ Book Value per Share (both in USD)

= 95.39 ÷ 6.10

15.63x

* Primary Listing of Fiserv.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fiserv is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess Fiserv's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Fiserv has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FISV Future Performance

 How is Fiserv expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fiserv expected to grow at an attractive rate?
  • Fiserv's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fiserv's earnings growth is positive but not above the United States of America market average.
  • Fiserv's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FISV Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:FISV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 12.8%
NasdaqGS:FISV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 5.1%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:FISV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:FISV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,581 1
2022-12-31 7,204 1
2021-12-31 6,841 2,041 1,345 5
2020-12-31 6,495 1,968 1,298 14
2019-12-31 6,180 1,778 1,094 14
NasdaqGS:FISV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,885 1,596 989
2018-12-31 5,823 1,595 1,187
2018-09-30 5,788 1,511 1,433
2018-06-30 5,776 1,467 1,438
2018-03-31 5,742 1,411 1,408
2017-12-31 5,696 1,502 1,232
2017-09-30 5,611 1,404 915
2017-06-30 5,591 1,435 897
2017-03-31 5,568 1,385 888
2016-12-31 5,505 1,431 930
2016-09-30 5,442 1,433 904
2016-06-30 5,375 1,433 908

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fiserv's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Fiserv's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:FISV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Fiserv Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FISV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.55 3.60 3.47 3.00
2020-12-31 3.30 3.49 3.06 10.00
2019-12-31 2.76 2.90 2.57 10.00
NasdaqGS:FISV Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.47
2018-12-31 2.93
2018-09-30 3.49
2018-06-30 3.47
2018-03-31 3.37
2017-12-31 2.92
2017-09-30 2.15
2017-06-30 2.08
2017-03-31 2.04
2016-12-31 2.11
2016-09-30 2.03
2016-06-30 2.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fiserv is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Fiserv's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fiserv has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FISV Past Performance

  How has Fiserv performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fiserv's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fiserv's year on year earnings growth rate has been positive over the past 5 years.
  • Fiserv's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fiserv's 1-year earnings growth is negative, it can't be compared to the US IT industry average.
Earnings and Revenue History
Fiserv's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fiserv Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FISV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,885.00 989.00 1,264.00
2018-12-31 5,823.00 1,187.00 1,228.00
2018-09-30 5,788.00 1,433.00 1,243.00
2018-06-30 5,776.00 1,438.00 1,222.00
2018-03-31 5,742.00 1,408.00 1,178.00
2017-12-31 5,696.00 1,232.00 1,150.00
2017-09-30 5,611.00 915.00 1,132.00
2017-06-30 5,591.00 897.00 1,122.00
2017-03-31 5,568.00 888.00 1,120.00
2016-12-31 5,505.00 930.00 1,101.00
2016-09-30 5,442.00 904.00 1,082.00
2016-06-30 5,375.00 908.00 1,066.00
2016-03-31 5,310.00 823.00 1,054.00
2015-12-31 5,254.00 712.00 1,034.00
2015-09-30 5,202.00 704.00 1,005.00
2015-06-30 5,152.00 725.00 990.00
2015-03-31 5,107.00 764.00 971.00
2014-12-31 5,066.00 754.00 975.00
2014-09-30 5,013.00 793.00 994.00
2014-06-30 4,951.00 715.00 988.00
2014-03-31 4,896.00 701.00 990.00
2013-12-31 4,814.00 650.00 977.00
2013-09-30 4,696.00 588.00 920.00
2013-06-30 4,602.00 567.00 889.00
2013-03-31 4,491.00 577.00 848.00
2012-12-31 4,436.00 592.00 824.00
2012-09-30 4,452.00 587.00 832.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Fiserv made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Fiserv used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • Fiserv's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fiserv's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fiserv has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FISV Health

 How is Fiserv's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fiserv's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fiserv is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fiserv's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fiserv's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fiserv Company Filings, last reported 3 months ago.

NasdaqGS:FISV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,394.00 5,862.00 452.00
2018-12-31 2,293.00 5,959.00 415.00
2018-09-30 2,661.00 5,275.00 673.00
2018-06-30 2,850.00 4,806.00 348.00
2018-03-31 2,971.00 4,604.00 382.00
2017-12-31 2,731.00 4,900.00 325.00
2017-09-30 2,350.00 5,111.00 325.00
2017-06-30 2,391.00 4,741.00 299.00
2017-03-31 2,424.00 4,638.00 308.00
2016-12-31 2,541.00 4,562.00 300.00
2016-09-30 2,569.00 4,630.00 303.00
2016-06-30 2,642.00 4,554.00 263.00
2016-03-31 2,684.00 4,449.00 283.00
2015-12-31 2,660.00 4,293.00 275.00
2015-09-30 2,869.00 4,235.00 309.00
2015-06-30 3,143.00 4,236.00 530.00
2015-03-31 3,218.00 3,852.00 296.00
2014-12-31 3,295.00 3,790.00 294.00
2014-09-30 3,462.00 3,848.00 409.00
2014-06-30 3,475.00 3,848.00 329.00
2014-03-31 3,443.00 3,848.00 307.00
2013-12-31 3,585.00 3,848.00 400.00
2013-09-30 3,460.00 3,931.00 321.00
2013-06-30 3,463.00 3,953.00 320.00
2013-03-31 3,497.00 4,049.00 356.00
2012-12-31 3,417.00 3,230.00 358.00
2012-09-30 3,258.00 3,449.00 307.00
  • Fiserv's level of debt (245.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (111.8% vs 245.4% today).
  • Debt is well covered by operating cash flow (27.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Fiserv's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fiserv has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FISV Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fiserv dividends. Estimated to be 0% next year.
If you bought $2,000 of Fiserv shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fiserv's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fiserv's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:FISV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:FISV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fiserv has not reported any payouts.
  • Unable to verify if Fiserv's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fiserv's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fiserv has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Fiserv's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Fiserv's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fiserv afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fiserv has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FISV Management

 What is the CEO of Fiserv's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Yabuki
COMPENSATION $12,410,769
AGE 59
TENURE AS CEO 13.6 years
CEO Bio

Mr. Jeffery W. Yabuki, also known as Jeff, B.S., has been the Chief Executive Officer and President of Fiserv, Inc., the holding company of Personix, Inc. since December 1, 2005. Mr. Yabuki has more than 25 years experience in the financial services industry. He served as the Chief Operating Officer of H&R Block Inc., from April 2002 to November 30, 2005 and its Executive Vice President from October 2000 to November 30, 2005. Mr. Yabuki served as the President of H&R Block Services Inc., a subsidiary of H&R Block Inc., since October 2000 and from 2001 to 2002. Mr. Yabuki joined H&R Block as President of International Operations and served in that role from September 1999 to October 2001, where he led its tax services operations in Canada, Australia and the United Kingdom, directing development of its financial services and expansion strategy in international markets, as well as business development. From 1987 to 1999, Mr. Yabuki held various executive positions with American Express Company. Mr. Yabuki served as President and Chief Executive Officer of American Express Tax & Business Services Inc., New York, from 1998 to September 1999 and as Vice President, Mergers and Acquisitions, American Express, Minneapolis, Minnesota, from 1996 to 1998. He has been a Director of Fiserv, Inc. since December 1, 2005. He is a Director of Royal bank of Canada from October 19, 2017. Mr. Yabuki served as a Director of MBIA Inc., from August 11, 2005 to November 2008. He served as an Independent Director of Petsmart, Inc. from June 2004 to June 2007. He was a Member of the Minnesota Board of Accountancy. He is a Leading Financial Services Executive. He is a Certified Public Accountant from California and Minnesota. He holds a NASD Series 7 license. Mr. Yabuki holds a Bachelor of Science Degree in Business Administration and Accounting from California State University at Los Angeles.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fiserv management team in years:

3.3
Average Tenure
54.5
Average Age
  • The tenure for the Fiserv management team is about average.
Management Team

Jeff Yabuki

TITLE
President
COMPENSATION
$12M
AGE
59
TENURE
13.6 yrs

Bob Hau

TITLE
CFO & Treasurer
COMPENSATION
$4M
AGE
53
TENURE
3.3 yrs

Byron Vielehr

TITLE
Chief Administrative Officer
COMPENSATION
$5M
AGE
56
TENURE
1.3 yrs

Lynn McCreary

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$2M
AGE
59
TENURE
6.5 yrs

Devin McGranahan

TITLE
Senior Group President of Billing and Payments
COMPENSATION
$4M
AGE
49
TENURE
2.7 yrs

Cheryl Nash

TITLE
President of Investment Services Division
TENURE
7.7 yrs

Ken Best

TITLE
Chief Accounting Officer
AGE
48
TENURE
3.3 yrs

Marc West

TITLE
Chief Information Officer
AGE
60
TENURE
1.5 yrs

Britt Zarling

TITLE
Vice President of Corporate Communications

Jim Cox

TITLE
Executive Vice President of Corporate Development
COMPENSATION
$1M
AGE
51
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Fiserv board of directors in years:

5.8
Average Tenure
60.5
Average Age
  • The tenure for the Fiserv board of directors is about average.
Board of Directors

Glenn Renwick

TITLE
Chairman of the Board
COMPENSATION
$415K
AGE
64
TENURE
2.2 yrs

Jeff Yabuki

TITLE
President
COMPENSATION
$12M
AGE
59
TENURE
13.6 yrs

Doyle Simons

TITLE
Director
COMPENSATION
$295K
AGE
55
TENURE
11.9 yrs

Denis O'Leary

TITLE
Director
COMPENSATION
$310K
AGE
62
TENURE
11.5 yrs

Dennis Lynch

TITLE
Director
COMPENSATION
$306K
AGE
71
TENURE
7 yrs

Kim Robak

TITLE
Director
COMPENSATION
$304K
AGE
64
TENURE
15.8 yrs

Alison Davis

TITLE
Director
COMPENSATION
$285K
AGE
58
TENURE
4.7 yrs

JD Sherman

TITLE
Director
COMPENSATION
$285K
AGE
54
TENURE
3.7 yrs

John Kim

TITLE
Director
COMPENSATION
$285K
AGE
59
TENURE
3 yrs

Harry DiSimone

TITLE
Independent Director
COMPENSATION
$315K
AGE
64
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. May 19 Sell Yabuki Family Foundation, Endowment Arm Company 21. May 19 21. May 19 -2,000 $88.95 $-177,900
21. Feb 19 Sell Jeffery Yabuki Individual 20. Feb 19 20. Feb 19 -50,000 $84.85 $-4,242,500
X
Management checks
We assess Fiserv's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fiserv has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FISV News

Simply Wall St News

Have Insiders Been Selling Fiserv, Inc. (NASDAQ:FISV) Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Fiserv The Last 12 Months Of Insider Transactions At Fiserv Over the last year, we can see that the biggest insider sale was by the President, Jeffery Yabuki, for US$4.2m worth of shares, at about US$84.85 per share. … NasdaqGS:FISV Recent Insider Trading, July 18th 2019 Insider Ownership of Fiserv Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … Still, the insider transactions at Fiserv in the last 12 months are not very heartening.

Simply Wall St -

Can Fiserv, Inc. (NASDAQ:FISV) Maintain Its Strong Returns?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Fiserv: 41% = US$989m ÷ US$2.4b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Fiserv Have A Good Return On Equity? … The Importance Of Debt To Return On Equity Companies usually need to invest money to grow their profits.

Simply Wall St -

Here's What Fiserv, Inc.'s (NASDAQ:FISV) P/E Is Telling Us

We'll look at Fiserv, Inc.'s (NASDAQ:FISV) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for Fiserv How Do I Calculate Fiserv's Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Fiserv: P/E of 37.02 = $91.5 ÷ $2.47 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

What Does Fiserv, Inc.'s (NASDAQ:FISV) Share Price Indicate?

The stock’s ratio of 35.75x is currently trading slightly above its industry peers’ ratio of 32.28x, which means if you buy Fiserv today, you’d be paying a relatively fair price for it. … And if you believe Fiserv should be trading in this range, then there isn’t really any room for the share price grow beyond what it’s currently trading. … FISV’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Why You Should Like Fiserv, Inc.’s (NASDAQ:FISV) ROCE

Last but not least, we'll look at what impact its current liabilities have on its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Fiserv: 0.16 = US$1.5b ÷ (US$12b - US$2.1b) (Based on the trailing twelve months to March 2019.) So, Fiserv has an ROCE of 16%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Why Fiserv, Inc.'s (NASDAQ:FISV) CEO Pay Matters To You

In 2005 Jeff Yabuki was appointed CEO of Fiserv, Inc. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Jeff Yabuki's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Need To Know: Fiserv, Inc. (NASDAQ:FISV) Insiders Have Been Selling Shares

(NASDAQ:FISV), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As a general rule we consider it to be discouraging when insiders are selling below the current price

Simply Wall St -

Is Fiserv, Inc.'s (NASDAQ:FISV) P/E Ratio Really That Good?

We'll look at Fiserv, Inc.'s (NASDAQ:FISV) P/E ratio and reflect on what it tells us about the company's share price. … Fiserv has a price to earnings ratio of 29.04, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

If You Had Bought Fiserv Stock Five Years Ago, You Could Pocket A 192% Gain Today

(NASDAQ:FISV) which saw its share price drive 192% higher over five years. … During five years of share price growth, Fiserv achieved compound earnings per share (EPS) growth of 18% per year. … This EPS growth is slower than the share price growth of 24% per year, over the same period.

Simply Wall St -

Does Fiserv, Inc.'s (NASDAQ:FISV) CEO Pay Compare Well With Peers?

In 2005 Jeff Yabuki was appointed CEO of Fiserv, Inc. … This analysis aims first to contrast CEO compensation with other large companies. … How Does Jeff Yabuki's Compensation Compare With Similar Sized Companies?

Simply Wall St -

FISV Company Info

Description

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.

Details
Name: Fiserv, Inc.
FISV
Exchange: NasdaqGS
Founded: 1984
$37,434,836,146
392,439,838
Website: http://www.fiserv.com
Address: Fiserv, Inc.
255 Fiserv Drive,
Brookfield,
Wisconsin, 53045,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FISV Common Stock Nasdaq Global Select US USD 25. Sep 1986
DB FIV Common Stock Deutsche Boerse AG DE EUR 25. Sep 1986
WBAG FISV Common Stock Wiener Boerse AG AT EUR 25. Sep 1986
BMV FISV * Common Stock Bolsa Mexicana de Valores MX MXN 25. Sep 1986
Number of employees
Current staff
Staff numbers
24,000
Fiserv employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 01:50
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.