NasdaqGS:FISV

Stock Analysis Report

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Executive Summary

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. More Details


Snowflake Analysis

Moderate 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FISV's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.5%

FISV

-0.2%

US IT

0.7%

US Market


1 Year Return

0.6%

FISV

30.1%

US IT

22.2%

US Market

Return vs Industry: FISV underperformed the US IT industry which returned 30.7% over the past year.

Return vs Market: FISV underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

FISVIndustryMarket
7 Day0.5%-0.2%0.7%
30 Day18.7%15.2%11.8%
90 Day14.8%5.6%8.6%
1 Year0.6%0.6%31.4%30.1%25.0%22.2%
3 Year77.0%77.0%101.4%93.5%49.4%39.5%
5 Year148.0%148.0%182.1%162.5%100.2%78.1%

Long-Term 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

Valuation

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

86.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FISV ($115.52) is trading above our estimate of fair value ($86.25)

Significantly Below Fair Value: FISV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FISV is poor value based on its PE Ratio (86.1x) compared to the US IT industry average (36.1x).

PE vs Market: FISV is poor value based on its PE Ratio (86.1x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: FISV is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: FISV is good value based on its PB Ratio (2.4x) compared to the US IT industry average (4x).


Next Steps

Future Growth

How is Fiserv forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

27.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FISV's forecast earnings growth (27% per year) is above the savings rate (2.2%).

Earnings vs Market: FISV's earnings (27% per year) are forecast to grow faster than the US market (21.8% per year).

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

Revenue vs Market: FISV's revenue (4.7% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: FISV's revenue (4.7% 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 (9.9%).


Next Steps

Past Performance

How has Fiserv performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FISV has high quality earnings.

Growing Profit Margin: FISV's current net profit margins (6%) are lower than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: FISV's earnings have grown by 4.1% 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 (-2.9%) over the past year, making it difficult to compare to the IT industry average (3.2%).


Return on Equity

High ROE: FISV's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is Fiserv's financial position?


Financial Position Analysis

Short Term Liabilities: FISV's short term assets ($14.0B) exceed its short term liabilities ($13.3B).

Long Term Liabilities: FISV's short term assets ($14.0B) do not cover its long term liabilities ($26.4B).


Debt to Equity History and Analysis

Debt Level: FISV's debt to equity ratio (62.8%) is considered high.

Reducing Debt: FISV's debt to equity ratio has reduced from 147.9% to 62.8% over the past 5 years.

Debt Coverage: FISV's debt is well covered by operating cash flow (20.8%).

Interest Coverage: FISV's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

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?

2.9yrs

Average management tenure


CEO

Frank Bisignano (61 yo)

0.42

Tenure

US$41,026,136

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 ($USD41.03M) is above average for companies of similar size in the US market ($USD10.98M).

Compensation vs Earnings: Insufficient data to compare Frank's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffery Yabuki
Executive Chairman1.42yrsUS$27.60m0.0042%
$ 3.3m
Frank Bisignano
President0.42yrUS$41.03m0.34%
$ 266.1m
Robert Hau
CFO & Treasurer4.75yrsUS$7.31m0.0067%
$ 5.2m
Byron Vielehr
Executive VP & Senior Group President1.42yrsUS$8.59m0.0053%
$ 4.1m
Devin McGranahan
Executive VP & Senior Group President2.92yrsUS$8.48m0.0067%
$ 5.2m
Cheryl Nash
President of Investment Services Division9.08yrsno datano data
Kenneth Best
Chief Accounting Officer4.75yrsno data0.0049%
$ 3.8m
Marc West
Chief Information Officer2.92yrsno datano data
Guy Chiarello
Chief Administrative Officer1.42yrsno data0.023%
$ 18.0m
Peter Poillon
Senior Vice President of Investor Relationsno datano datano data
Lynn McCreary
Chief Legal Officer & Secretary7.92yrsUS$1.70m0.0057%
$ 4.4m
Britt Zarling
Vice President of Corporate Communicationsno datano datano data

2.9yrs

Average Tenure

60yo

Average Age

Experienced Management: FISV's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffery Yabuki
Executive Chairman1.42yrsUS$27.60m0.0042%
$ 3.3m
Frank Bisignano
President0.42yrUS$41.03m0.34%
$ 266.1m
Heidi Miller
Independent Director1.42yrsUS$23.25k0.0030%
$ 2.3m
Denis O'Leary
Independent Lead Director1.92yrsUS$385.09k0.0013%
$ 1.0m
Scott Nuttall
Independent Director1.42yrsUS$25.75k0.0045%
$ 3.5m
Doyle Simons
Independent Director13.33yrsUS$290.80k0.0057%
$ 4.4m
Dennis Lynch
Independent Director8.42yrsUS$310.01k0.0030%
$ 2.3m
Alison Davis
Independent Director6.08yrsUS$285.01k0.00042%
$ 325.3k
Kevin Warren
Non-Employee Director0.17yrno datano data
Henrique De Castro
Independent Director1.42yrsUS$23.25k0.0010%
$ 774.5k
Harry DiSimone
Independent Director2.83yrsUS$285.01k0.0012%
$ 906.2k

1.9yrs

Average Tenure

60yo

Average Age

Experienced Board: FISV's board of directors are not considered experienced ( 1.9 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 sold more shares than they have bought 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 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$77.449b
  • Shares outstanding: 670.44m
  • Website: https://www.fiserv.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FISVNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 1986
FIVDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1986
FIVXTRA (XETRA Trading Platform)YesCommon StockDEEURSep 1986
0IP9LSE (London Stock Exchange)YesCommon StockGBUSDSep 1986
FISV *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNSep 1986
FISVWBAG (Wiener Boerse AG)YesCommon StockATEURSep 1986
FIVETLX (Eurotlx)YesCommon StockITEURSep 1986
F1IS34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 COMBRBRLDec 2019

Biography

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. Its First Data segment provides merchant acquiring, e-commerce, mobile commerce, and other business solutions...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:55
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.