Financials Fidelity National Financial, Inc.

Equities

FNF

US31620R3030

Property & Casualty Insurance

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
50.39 USD +1.02% Intraday chart for Fidelity National Financial, Inc. +3.32% -1.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 12,472 11,480 14,847 10,238 13,886 13,768 -
Enterprise Value (EV) 1 12,472 11,480 14,847 10,238 13,886 13,768 13,768
P/E ratio 11.8 x 7.83 x 6.18 x 9.18 x 26.7 x 11.1 x 9.45 x
Yield 2.78% 3.45% 2.99% 4.7% - 3.8% 3.89%
Capitalization / Revenue 1.47 x 1.07 x 0.95 x 0.89 x 1.18 x 1.12 x 1.02 x
EV / Revenue 1.47 x 1.07 x 0.95 x 0.89 x 1.18 x 1.12 x 1.02 x
EV / EBITDA 8.63 x 5.29 x 3.86 x 4.09 x 6.59 x 5.43 x 4.86 x
EV / FCF 12.2 x 7.82 x 5.26 x 5.41 x - 7.91 x 6.98 x
FCF Yield 8.23% 12.8% 19% 18.5% - 12.6% 14.3%
Price to Book 2.33 x 1.33 x 1.57 x 1.82 x - 1.69 x 1.52 x
Nbr of stocks (in thousands) 275,019 293,674 284,532 272,132 272,158 273,238 -
Reference price 2 45.35 39.09 52.18 37.62 51.02 50.39 50.39
Announcement Date 2/13/20 2/24/21 2/23/22 2/22/23 2/21/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 8,469 10,778 15,643 11,556 11,752 12,279 13,485
EBITDA 1 1,446 2,170 3,842 2,505 2,107 2,534 2,833
EBIT 1 1,268 1,874 3,197 2,009 1,514 1,894 2,149
Operating Margin 14.97% 17.39% 20.44% 17.38% 12.88% 15.42% 15.94%
Earnings before Tax (EBT) 1 1,369 1,784 3,083 1,535 693 1,652 1,917
Net income 1 1,062 1,427 2,422 1,136 517 1,230 1,428
Net margin 12.54% 13.24% 15.48% 9.83% 4.4% 10.02% 10.59%
EPS 2 3.830 4.990 8.440 4.100 1.910 4.530 5.330
Free Cash Flow 1 1,026 1,468 2,825 1,892 - 1,741 1,972
FCF margin 12.11% 13.62% 18.06% 16.37% - 14.18% 14.63%
FCF Conversion (EBITDA) 70.95% 67.65% 73.53% 75.53% - 68.72% 69.62%
FCF Conversion (Net income) 96.61% 102.87% 116.64% 166.55% - 141.51% 138.06%
Dividend per Share 2 1.260 1.350 1.560 1.770 - 1.915 1.960
Announcement Date 2/13/20 2/24/21 2/23/22 2/22/23 2/21/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,892 4,797 3,165 2,631 3,207 2,553 2,474 3,068 2,778 3,432 2,673 3,123 3,285 3,198 2,953
EBITDA 1 1,205 823 760 858 551 355 102 526 800 475 494 678 724 637 560
EBIT 1 953 718 578 697 420 333 -32 375 647 320 337 519 563 474 395
Operating Margin 24.49% 14.97% 18.26% 26.49% 13.1% 13.04% -1.29% 12.22% 23.29% 9.32% 12.61% 16.62% 17.14% 14.82% 13.38%
Earnings before Tax (EBT) 1 926 687 552 538 409 36 -74 332 603 -168 298.5 458 481 413 348
Net income 1 732 533 397 382 289 68 -59 219 426 -69 219 340.5 365.5 305 241
Net margin 18.81% 11.11% 12.54% 14.52% 9.01% 2.66% -2.38% 7.14% 15.33% -2.01% 8.19% 10.9% 11.13% 9.54% 8.16%
EPS 2 2.570 1.870 1.400 1.370 1.050 0.2500 -0.2200 0.8100 1.570 -0.2500 0.8050 1.250 1.345 1.130 0.9000
Dividend per Share 2 0.4000 0.4400 0.4400 0.4400 0.4400 0.4500 0.4500 0.4500 0.4500 - 0.4800 0.4800 0.4800 0.4867 0.4900
Announcement Date 11/2/21 2/23/22 5/10/22 8/2/22 11/8/22 2/22/23 5/3/23 8/8/23 11/7/23 2/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 1,026 1,468 2,825 1,892 - 1,741 1,972
ROE (net income / shareholders' equity) 18.8% 20.8% 27.3% 19.8% 14.8% 18.3% 19.4%
ROA (Net income/ Total Assets) 9.41% 4.66% 4.36% 2.35% 0.71% 1.5% 1.8%
Assets 1 11,285 30,622 55,550 48,301 72,878 82,033 79,361
Book Value Per Share 2 19.40 29.40 33.30 20.60 - 29.90 33.10
Cash Flow per Share - - 14.30 15.70 - - -
Capex 92 110 131 - - - -
Capex / Sales 1.09% 1.02% 0.84% - - - -
Announcement Date 2/13/20 2/24/21 2/23/22 2/22/23 2/21/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
50.39 USD
Average target price
58.83 USD
Spread / Average Target
+16.76%
Consensus
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