Fidelity National Information Services
Fidelity National Information Services, Inc. The last earnings update was 64 days ago. More info.
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FIS Share Price and Events
7 Day Returns
1 Year Returns
FIS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Fidelity National Information Services (FIS) | 0.6% | 1.4% | 5.8% | 17.8% | 69.5% | 105.2% |
| US IT | 0.6% | 5% | 17.3% | 27.3% | 81.4% | 106.4% |
| US Market | 0.9% | 4.6% | 10.9% | 9.6% | 39% | 47.2% |
1 Year Return vs Industry and Market
- FIS underperformed the IT industry which returned 27.3% over the past year.
- FIS outperformed the Market in United States of America which returned 9.6% over the past year.
FIS Value
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
Fidelity National Information Services
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Fidelity National Information Services.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 18 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.8% |
| 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.
| 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 | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (24.91%)) |
1.182 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.18 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.182 * 5.96%) |
9.78% |
Discounted Cash Flow Calculation for NYSE:FIS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Fidelity National Information Services 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.78%) |
|
|---|---|---|---|
| 2019 | 1,869.54 | Analyst x6 | 1,703.05 |
| 2020 | 2,018.84 | Analyst x7 | 1,675.30 |
| 2021 | 2,314.25 | Analyst x2 | 1,749.42 |
| 2022 | 2,554.23 | Est @ 10.37% | 1,758.89 |
| 2023 | 2,760.56 | Est @ 8.08% | 1,731.69 |
| 2024 | 2,939.26 | Est @ 6.47% | 1,679.60 |
| 2025 | 3,096.53 | Est @ 5.35% | 1,611.90 |
| 2026 | 3,237.86 | Est @ 4.56% | 1,535.38 |
| 2027 | 3,367.83 | Est @ 4.01% | 1,454.80 |
| 2028 | 3,490.04 | Est @ 3.63% | 1,373.34 |
| Present value of next 10 years cash flows | $16,273.39 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $3,490.04 × (1 + 2.73%) ÷ (9.78% – 2.73%) |
$50,888.41 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $50,888.41 ÷ (1 + 9.78%)10 |
$20,024.71 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $16,273.39 + $20,024.71 |
$36,298.10 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $36,298.10 / 323.29 |
$112.28 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $112.28 |
| Current discount | Discount to share price of
$111.55
= -1 x ($111.55 - $112.28) / $112.28 |
0.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Fidelity National Information Services's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Fidelity National Information Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Fidelity National Information Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Fidelity National Information Services's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.58 |
| NYSE:FIS Share Price ** | NYSE (2019-04-25) in USD | $111.55 |
| United States of America IT Industry PE Ratio | Median Figure of 77 Publicly-Listed IT Companies | 32.25x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Fidelity National Information Services.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:FIS Share Price ÷ EPS (both in USD) = 111.55 ÷ 2.58 |
43.25x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fidelity National Information Services is overvalued based on earnings compared to the US IT industry average.
- Fidelity National Information Services is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Fidelity National Information Services's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 43.25x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
17.2%per year |
| United States of America IT Industry PEG Ratio | Median Figure of 65 Publicly-Listed IT Companies | 2.66x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 43.25x ÷ 17.2% |
2.51x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fidelity National Information Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Fidelity National Information Services's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $31.24 |
| NYSE:FIS Share Price * | NYSE (2019-04-25) in USD | $111.55 |
| United States of America IT Industry PB Ratio | Median Figure of 124 Publicly-Listed IT Companies | 4.46x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:FIS Share Price ÷ Book Value per Share (both in USD) = 111.55 ÷ 31.24 |
3.57x |
* Primary Listing of Fidelity National Information Services.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fidelity National Information Services is good value based on assets compared to the US IT industry average.
Value checks
We assess Fidelity National Information Services's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the IT industry average (and greater than 0)? (1 check) Fidelity National Information Services has a total score of 1/6, 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.
FIS Future Performance
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!
Earnings growth vs Low Risk Savings
- Fidelity National Information Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Fidelity National Information Services's earnings growth is expected to exceed the United States of America market average.
- Fidelity National Information Services's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:FIS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 17.2% |
| NYSE:FIS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 2.2% |
| United States of America IT Industry Earnings Growth Rate | Market Cap Weighted Average | 15.4% |
| United States of America IT Industry Revenue Growth Rate | Market Cap Weighted Average | 9.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 9,079 | 2,921 | 1,378 | 4 |
| 2020-12-31 | 8,725 | 2,542 | 1,289 | 17 |
| 2019-12-31 | 8,408 | 2,315 | 1,163 | 18 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 8,423 | 1,993 | 846 |
| 2018-09-30 | 8,877 | 1,950 | 1,540 |
| 2018-06-30 | 8,889 | 2,036 | 1,444 |
| 2018-03-31 | 9,041 | 1,641 | 1,372 |
| 2017-12-31 | 8,668 | 1,741 | 1,261 |
| 2017-09-30 | 8,948 | 1,662 | 534 |
| 2017-06-30 | 9,161 | 1,633 | 661 |
| 2017-03-31 | 9,208 | 1,994 | 641 |
| 2016-12-31 | 8,831 | 1,925 | 524 |
| 2016-09-30 | 8,670 | 1,775 | 466 |
| 2016-06-30 | 7,940 | 1,508 | 458 |
| 2016-03-31 | 7,222 | 1,285 | 580 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Fidelity National Information Services's earnings are expected to grow by 17.2% yearly, however this is not considered high growth (20% yearly).
- Fidelity National Information Services's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
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 18 Analyst Estimates (S&P Global) | See Below |
All data from Fidelity National Information Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 4.62 | 4.62 | 4.62 | 1.00 |
| 2020-12-31 | 4.24 | 4.41 | 3.95 | 6.00 |
| 2019-12-31 | 3.60 | 3.84 | 3.14 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.58 |
| 2018-09-30 | 4.68 |
| 2018-06-30 | 4.38 |
| 2018-03-31 | 4.15 |
| 2017-12-31 | 3.82 |
| 2017-09-30 | 1.62 |
| 2017-06-30 | 2.02 |
| 2017-03-31 | 1.96 |
| 2016-12-31 | 1.61 |
| 2016-09-30 | 1.47 |
| 2016-06-30 | 1.49 |
| 2016-03-31 | 1.96 |
*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.
- Fidelity National Information Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Fidelity National Information Services's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Fidelity National Information Services 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.
FIS Past Performance
How has Fidelity National Information Services 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
Past Earnings growth analysis
- Fidelity National Information Services's year on year earnings growth rate has been positive over the past 5 years.
- Fidelity National Information Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Fidelity National Information Services's 1-year earnings growth is negative, it can't be compared to the US IT industry average.
Earnings and Revenue History
All data from Fidelity National Information Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 8,423.00 | 846.00 | 1,301.00 | |
| 2018-09-30 | 8,877.00 | 1,540.00 | 1,148.00 | |
| 2018-06-30 | 8,889.00 | 1,444.00 | 1,203.00 | |
| 2018-03-31 | 9,041.00 | 1,372.00 | 1,242.00 | |
| 2017-12-31 | 8,668.00 | 1,261.00 | 1,442.00 | |
| 2017-09-30 | 8,948.00 | 534.00 | 1,464.00 | |
| 2017-06-30 | 9,161.00 | 661.00 | 1,365.00 | |
| 2017-03-31 | 9,208.00 | 641.00 | 1,395.00 | |
| 2016-12-31 | 8,831.00 | 524.00 | 1,707.00 | |
| 2016-09-30 | 8,670.00 | 466.00 | 1,340.00 | |
| 2016-06-30 | 7,940.00 | 458.00 | 1,133.00 | |
| 2016-03-31 | 7,222.00 | 580.00 | 1,025.60 | |
| 2015-12-31 | 6,596.00 | 639.00 | 886.00 | |
| 2015-09-30 | 6,410.10 | 735.40 | 814.60 | |
| 2015-06-30 | 6,436.40 | 710.10 | 883.70 | |
| 2015-03-31 | 6,448.50 | 647.80 | 829.00 | |
| 2014-12-31 | 6,413.00 | 690.00 | 794.00 | |
| 2014-09-30 | 6,298.00 | 562.30 | 793.40 | |
| 2014-06-30 | 6,192.70 | 585.90 | 773.50 | |
| 2014-03-31 | 6,105.70 | 498.70 | 762.50 | |
| 2013-12-31 | 6,063.40 | 490.00 | 767.60 | |
| 2013-09-30 | 5,990.20 | 561.10 | 774.50 | |
| 2013-06-30 | 5,927.10 | 533.60 | 767.50 | |
| 2013-03-31 | 5,872.20 | 596.90 | 775.00 | |
| 2012-12-31 | 5,795.80 | 538.30 | 763.30 | |
| 2012-09-30 | 5,768.80 | 514.70 | 713.90 | |
| 2012-06-30 | 5,730.10 | 510.30 | 693.40 |
*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.
- Fidelity National Information Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Fidelity National Information Services used its assets less efficiently than the US IT industry average last year based on Return on Assets.
- Fidelity National Information Services has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Fidelity National Information Services's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Fidelity National Information Services 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.
FIS Health
How is Fidelity National Information Services'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 Fidelity National Information Services's finances.
The net worth of a company is the difference between its assets and liabilities.
- Fidelity National Information Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Fidelity National Information Services's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- 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.
All data from Fidelity National Information Services Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 10,222.00 | 8,985.00 | 703.00 |
| 2018-09-30 | 10,166.00 | 9,038.00 | 632.00 |
| 2018-06-30 | 10,544.00 | 8,892.00 | 683.00 |
| 2018-03-31 | 10,611.00 | 9,076.00 | 725.00 |
| 2017-12-31 | 10,820.00 | 8,763.00 | 665.00 |
| 2017-09-30 | 10,089.00 | 9,109.00 | 720.00 |
| 2017-06-30 | 10,005.00 | 9,712.00 | 786.00 |
| 2017-03-31 | 9,990.00 | 9,505.00 | 705.00 |
| 2016-12-31 | 9,845.00 | 10,478.00 | 683.00 |
| 2016-09-30 | 9,756.00 | 10,789.00 | 701.00 |
| 2016-06-30 | 9,607.00 | 11,130.00 | 765.00 |
| 2016-03-31 | 9,489.00 | 11,304.00 | 702.00 |
| 2015-12-31 | 9,407.00 | 11,445.00 | 682.00 |
| 2015-09-30 | 6,604.20 | 4,970.40 | 441.50 |
| 2015-06-30 | 6,531.30 | 5,043.30 | 446.40 |
| 2015-03-31 | 6,482.40 | 5,196.40 | 489.00 |
| 2014-12-31 | 6,691.50 | 5,068.60 | 492.80 |
| 2014-09-30 | 6,591.50 | 4,975.40 | 611.80 |
| 2014-06-30 | 6,700.10 | 4,927.60 | 793.70 |
| 2014-03-31 | 6,702.40 | 4,782.90 | 737.70 |
| 2013-12-31 | 6,737.30 | 4,473.00 | 547.50 |
| 2013-09-30 | 6,803.70 | 4,826.10 | 811.60 |
| 2013-06-30 | 6,750.20 | 4,761.10 | 653.10 |
| 2013-03-31 | 6,798.50 | 4,611.80 | 590.60 |
| 2012-12-31 | 6,793.60 | 4,395.90 | 517.60 |
| 2012-09-30 | 6,776.70 | 4,543.80 | 576.60 |
| 2012-06-30 | 6,805.10 | 4,871.10 | 533.80 |
- Fidelity National Information Services's level of debt (87.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (66.4% vs 87.9% today).
- Debt is well covered by operating cash flow (22.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
Financial health checks
We assess Fidelity National Information Services's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Fidelity National Information Services has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
FIS Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Fidelity National Information Services
shares you are expected to receive
$25
in your first year as a dividend.
Dividend Amount
- Fidelity National Information Services's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Fidelity National Information Services's dividend is below the markets top 25% of dividend payers in United States of America (3.61%).
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.
| 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 18 Analyst Estimates (S&P Global) | See Below |
| United States of America IT Industry Average Dividend Yield | Market Cap Weighted Average of 33 Stocks | 1.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 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 | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.40 | 1.00 |
| 2021-12-31 | 1.48 | 5.00 |
| 2020-12-31 | 1.45 | 8.00 |
| 2019-12-31 | 1.35 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-23 | 1.400 | 1.249 |
| 2019-01-31 | 1.400 | 1.280 |
| 2018-10-25 | 1.280 | 1.233 |
| 2018-07-26 | 1.280 | 1.200 |
| 2018-04-24 | 1.280 | 1.222 |
| 2018-02-01 | 1.280 | 1.314 |
| 2017-10-26 | 1.160 | 1.218 |
| 2017-07-20 | 1.160 | 1.256 |
| 2017-04-27 | 1.160 | 1.359 |
| 2017-01-25 | 1.160 | 1.431 |
| 2016-10-26 | 1.040 | 1.355 |
| 2016-07-25 | 1.040 | 1.333 |
| 2016-04-29 | 1.040 | 1.411 |
| 2016-01-27 | 1.040 | 1.687 |
| 2015-10-28 | 1.040 | 1.656 |
| 2015-07-21 | 1.040 | 1.526 |
| 2015-04-29 | 1.040 | 1.641 |
| 2015-01-30 | 1.040 | 1.573 |
| 2014-10-29 | 0.960 | 1.568 |
| 2014-07-22 | 0.960 | 1.710 |
| 2014-04-30 | 0.960 | 1.760 |
| 2014-01-29 | 0.960 | 1.800 |
| 2013-10-22 | 0.880 | 1.732 |
| 2013-07-23 | 0.880 | 1.921 |
| 2013-04-23 | 0.880 | 2.011 |
| 2013-02-12 | 0.880 | 2.280 |
| 2012-11-02 | 0.800 | 2.228 |
| 2012-07-17 | 0.800 | 2.510 |
| 2012-04-25 | 0.800 | 2.422 |
| 2012-02-13 | 0.800 | 2.486 |
| 2011-10-18 | 0.200 | 0.766 |
| 2011-07-19 | 0.200 | 0.745 |
| 2011-04-26 | 0.200 | 0.637 |
| 2011-01-26 | 0.200 | 0.628 |
| 2010-10-20 | 0.200 | 0.713 |
| 2010-07-20 | 0.200 | 0.733 |
| 2010-04-20 | 0.200 | 0.735 |
| 2010-02-04 | 0.200 | 0.852 |
| 2009-10-20 | 0.200 | 0.855 |
| 2009-07-21 | 0.200 | 0.828 |
| 2009-04-28 | 0.200 | 1.030 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Fidelity National Information Services's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (6x coverage).
Income/ dividend checks
We assess Fidelity National Information Services's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Fidelity National Information Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Fidelity National Information Services has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FIS Management
CEO
| COMPENSATION | $18,442,389 |
| AGE | 52 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Gary Adam Norcross has been the Executive Chairman, President and Chief Executive Officer of Fidelity National Information Services Inc., since May 30, 2018, March 2012 and January 1, 2015 respectively. Mr. Norcross is focused on the steering and execution of Fidelity Information Services’s global business strategy. He is President and Chief Executive Officer at Wrangler Merger Sub, Inc. He served as the President at Fidelity Information Services, LLC. since March 30, 2012. He served as Chief Operating Officer of Fidelity National Information Services, Inc., since October 2009 until January 1, 2015. He served as the President of Fidelity Integrated Financial Solutions Division at Fidelity National Information Services Inc. He served as Corporate Executive Vice President at Fidelity National Information Services Inc. since October 2009. As Fidelity Information Services, Inc.'s senior-most executive, he was responsible for the community banking, credit union and savings institution market segments. With a reputation of being intensely customer focused while maximizing the performance of his business units, Mr. Norcross has taken Fidelity IFS from fewer than 100 to more than 1600 clients since assuming the leadership role in 1996. Mr. Norcross served as President and Chief Operating Officer of Transaction Processing Services at Fidelity National Information Services Inc. since November 16, 2007 until September 2009. He served as Executive Vice President of Integrated Financial Solutions for Fidelity National Information Services Inc., (formerly Certegy Inc.) since February 2006 and held the position of Senior Vice President of Integrated Financial Solutions from June 1996 to February 2006. Mr. Norcross has 30 years of experience with FIS in executive and operations management, as well as risk, financial and human resources management. Mr. Norcross also has valuable financial services industry knowledge and experience with mergers and acquisitions. With a career start in the mortgage business, Mr. Norcross joined Systematics, Inc. in 1988 as a Systems Engineer. He moved into management roles in software development and client leadership and his rapid rise continued after Systematics' acquisition by ALLTEL Corporation in 1991. He served as President of the Integrated Financial Solutions division at ALLTEL. Since 1996, Mr. Norcross served as Senior Vice President and General Manager of Fidelity Information Services, Inc.'s community bank segment. Mr. Norcross has been a Director of FIS Mobile, Inc. since February 2008 and Fidelity Information Services, Inc. and Fidelity National Information Services, Inc since May 29, 2013. He also holds a variety of leadership and board of directors’ roles. He has been Director at The Guardian Life Insurance Company of America since May 25, 2017. He serves on the dean’s executive advisory board for the Sam M. Walton School of Business at the University of Arkansas and serves on the board of the YMCA of Florida’s First Coast and the Knowledge is Power Program’s (KIPP) Impact School in Jacksonville. Mr. Norcross holds a Bachelor’s degree in Business Administration from the University of Arkansas.
CEO Compensation
- Gary's compensation has been consistent with company performance over the past year.
- Gary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Fidelity National Information Services management team in years:
- The tenure for the Fidelity National Information Services management team is about average.
Management Team
Gary Norcross
Executive Chairman
$18M
52
4.3 yrs
Woody Woodall
Corporate EVP & CFO
$7M
48
6.1 yrs
Marianne Brown
Corporate Executive VP & Co-COO
$7M
59
Marc Mayo
Corporate Executive VP & Chief Legal Officer
$3M
63
3.3 yrs
Bruce Lowthers
Corporate Executive VP & COO of Integrated Financial Solutions Segment
$4M
53
1.3 yrs
Katy Thompson
Chief Accounting Officer
53
2.4 yrs
Peter Gunnlaugsson
Senior Vice President of Corporate Finance & Investor Relations
Ido Gileadi
Chief Information Officer
5.3 yrs
Ellyn Raftery
Chief Marketing
2.9 yrs
Lenore Williams
Corporate Executive VP & Chief People Officer
57
3 yrs
Board of Directors Tenure
Average tenure and age of the Fidelity National Information Services board of directors in years:
- The tenure for the Fidelity National Information Services board of directors is about average.
Board of Directors
Gary Norcross
Executive Chairman
$18M
52
0.9 yrs
David Hunt
Director
$408K
72
17.8 yrs
Keith Hughes
Lead Independent Director
$494K
71
1.2 yrs
Stephan James
Director
$396K
71
9.5 yrs
Ellen Alemany
Director
$376K
62
4.8 yrs
Jim Stallings
Director
$372K
63
6 yrs
Les Muma
Director
$356K
73
5.3 yrs
Louise Parent
Director
$358K
68
1.5 yrs
Alex Navab
Director
$203K
53
0.8 yrs
Brian Shea
Director
$210K
57
0.8 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Fidelity National Information Services insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Mar 19 | Buy | Alexander Navab | Individual | 21. Mar 19 | 21. Mar 19 | 5,075 | $107.22 | $544,142 | ||
| 15. Feb 19 | Buy | Brian Shea | Individual | 12. Oct 18 | 03. Jan 19 | 310 | $101.43 | $31,422 | ||
| 21. Sep 18 | Sell | James Stallings | Individual | 20. Sep 18 | 20. Sep 18 | -1,839 | $108.92 | $-200,304 | ||
| 21. Jun 18 | Sell | James Stallings | Individual | 20. Jun 18 | 20. Jun 18 | -1,500 | $107.23 | $-160,848 | ||
| 17. May 18 | Sell | Lenore Williams | Individual | 16. May 18 | 16. May 18 | -1,843 | $104.56 | $-192,710 | ||
Management checks
We assess Fidelity National Information Services's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Fidelity National Information Services 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.
FIS News
Simply Wall St News
Will Fidelity National Information Services, Inc.'s (NYSE:FIS) Earnings Grow In The Year Ahead?
In December 2018, Fidelity National Information Services, Inc. … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of 19%
Simply Wall St - – Full articleWhat Are Analysts Saying About Fidelity National Information Services, Inc.'s (NYSE:FIS) Earnings Outlook?
The latest earnings release Fidelity National Information Services, Inc.'s (NYSE:FIS) announced in December 2018a
Simply Wall St - – Full articleNeed To Know: Fidelity National Information Services, Inc. (NYSE:FIS) Insiders Have Been Selling Shares
So before you buy or sell Fidelity National Information Services, Inc. … The Last 12 Months Of Insider Transactions At Fidelity National Information Services. … All up, insiders sold more shares in Fidelity National Information Services than they bought, over the last year
Simply Wall St - – Full articleShould Fidelity National Information Services (NYSE:FIS) Be Disappointed With Their 98% Profit?
By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Fidelity National Information Services managed to grow its earnings per share at 8.8% a year. … This free interactive report on Fidelity National Information Services's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
Simply Wall St - – Full articleFidelity National Information Services, Inc. (NYSE:FIS) Delivered A Weaker ROE Than Its Industry
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Fidelity National Information Services, Inc. … Fidelity National Information Services has a ROE of 8.6%, based on the last twelve months. … View our latest analysis for Fidelity National Information Services?
Simply Wall St - – Full articleShould You Worry About Fidelity National Information Services, Inc.'s (NYSE:FIS) CEO Salary Level?
Gary Norcross has been the CEO of Fidelity National Information Services, Inc. … This method should give us information to assess how appropriately the company pays the CEO. … See our latest analysis for Fidelity National Information Services
Simply Wall St - – Full articleWhat Does Fidelity National Information Services, Inc.'s (NYSE:FIS) Share Price Indicate?
Let's talk about the popular Fidelity National Information Services, Inc. … A question to answer is whether Fidelity National Information Services's current trading price of $103.59 reflective of the actual value of the? … Let’s take a look at Fidelity National Information Services’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleCalculating The Intrinsic Value Of Fidelity National Information Services, Inc. (NYSE:FIS)
by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleDo You Like Fidelity National Information Services, Inc. (NYSE:FIS) At This P/E Ratio?
To keep it practical, we'll show how Fidelity National Information Services, Inc.'s (NYSE:FIS) P/E ratio could help you assess the value on offer. … Fidelity National Information Services has a P/E ratio of 21.02, based on the last twelve months. … How Do I Calculate Fidelity National Information Services's Price To Earnings Ratio
Simply Wall St - – Full articleWhy You Should Care About Fidelity National Information Services, Inc.’s (NYSE:FIS) Low Return On Capital
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleFIS Company Info
Description
Fidelity National Information Services, Inc. operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions. The Global Financial Solutions segment securities processing and finance, global trading, asset management and insurance, and retail banking and payment services. The company was founded in 1968 and is headquartered in Jacksonville, Florida.
Details
| Name: | Fidelity National Information Services, Inc. |
| FIS | |
| Exchange: | NYSE |
| Founded: | 1968 |
| $36,062,745,054 | |
| 323,287,719 | |
| Website: | http://www.fisglobal.com |
| Address: |
Fidelity National Information Services, Inc. 601 Riverside Avenue, Jacksonville, Florida, 32204, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | FIS | Common Stock | New York Stock Exchange | US | USD | 02. Feb 2006 | |
| DB | ZGY | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Feb 2006 | |
| LSE | 0ILW | Common Stock | London Stock Exchange | GB | USD | 02. Feb 2006 | |
| BMV | FIS * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Feb 2006 |
Number of employees
Current staff
Industry
| Data Processing and Outsourced Services | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 02:12 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/23 |
| Last earnings filing: | 2019/02/21 |
| Last earnings reported: | 2018/12/31 |
| 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.
