Financials Fiserv, Inc.

Equities

FI

US3377381088

Business Support Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
155.9 USD +1.70% Intraday chart for Fiserv, Inc. +4.89% +17.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 78,616 76,336 68,525 64,182 79,729 91,212 - -
Enterprise Value (EV) 1 99,622 96,114 88,927 84,698 101,643 111,860 110,072 106,942
P/E ratio 67.6 x 81.3 x 52.2 x 25.8 x 26.7 x 25.7 x 21.4 x 17.2 x
Yield - - - - - - - -
Capitalization / Revenue 4.98 x 5.14 x 4.22 x 3.83 x 4.42 x 4.72 x 4.34 x 4.02 x
EV / Revenue 6.31 x 6.47 x 5.48 x 5.05 x 5.63 x 5.78 x 5.23 x 4.71 x
EV / EBITDA 20.3 x 17.7 x 14 x 11.8 x 12.4 x 12.4 x 11.2 x 9.83 x
EV / FCF 48 x 29.6 x 25.2 x 27 x 26.9 x 25.5 x 21.4 x 18.9 x
FCF Yield 2.08% 3.38% 3.97% 3.71% 3.71% 3.93% 4.67% 5.3%
Price to Book 2.38 x 2.41 x 2.18 x 2.07 x 2.64 x 2.99 x 2.59 x 2.42 x
Nbr of stocks (in thousands) 679,895 670,438 660,232 635,028 600,186 585,102 - -
Reference price 2 115.6 113.9 103.8 101.1 132.8 155.9 155.9 155.9
Announcement Date 2/4/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,796 14,852 16,226 16,773 18,041 19,343 21,029 22,707
EBITDA 1 4,909 5,440 6,370 7,202 8,208 8,999 9,871 10,875
EBIT 1 4,294 4,363 5,212 5,882 6,729 7,488 8,313 9,243
Operating Margin 27.18% 29.38% 32.12% 35.07% 37.3% 38.71% 39.53% 40.71%
Earnings before Tax (EBT) 1 1,083 1,171 1,666 2,913 3,898 4,570 5,421 6,450
Net income 1 893 958 1,334 2,530 3,068 3,533 4,162 5,021
Net margin 5.65% 6.45% 8.22% 15.08% 17.01% 18.27% 19.79% 22.11%
EPS 2 1.710 1.400 1.990 3.910 4.980 6.067 7.273 9.077
Free Cash Flow 1 2,074 3,247 3,532 3,139 3,774 4,391 5,140 5,666
FCF margin 13.13% 21.86% 21.77% 18.71% 20.92% 22.7% 24.44% 24.95%
FCF Conversion (EBITDA) 42.25% 59.69% 55.45% 43.59% 45.98% 48.8% 52.07% 52.1%
FCF Conversion (Net income) 232.25% 338.94% 264.77% 124.07% 123.01% 124.28% 123.51% 112.83%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/4/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 4,257 3,906 4,234 4,273 4,360 4,280 4,506 4,615 4,640 4,543 4,860 4,959 5,011 4,974 5,267
EBITDA 1 1,728 1,561 1,746 1,846 2,049 1,789 2,008 2,136 2,275 2,030 2,215 2,317 2,456 2,212 2,439
EBIT 1 1,431 1,248 1,417 1,506 1,711 1,437 1,643 1,760 1,889 1,629 1,839 1,948 2,086 1,816 2,048
Operating Margin 33.62% 31.95% 33.47% 35.24% 39.24% 33.57% 36.46% 38.14% 40.71% 35.86% 37.84% 39.28% 41.63% 36.51% 38.87%
Earnings before Tax (EBT) 1 398 674 618 652 969 712 873 1,210 1,103 913 1,116 1,218 1,344 1,143 1,339
Net income 1 333 669 598 481 782 563 683 952 870 735 872.9 958.9 1,066 892.1 1,052
Net margin 7.82% 17.13% 14.12% 11.26% 17.94% 13.15% 15.16% 20.63% 18.75% 16.18% 17.96% 19.34% 21.28% 17.94% 19.97%
EPS 2 0.5000 1.020 0.9200 0.7500 1.230 0.8900 1.100 1.560 1.450 1.240 1.531 1.696 1.903 1.562 1.884
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/8/22 4/27/22 7/26/22 10/27/22 2/7/23 4/25/23 7/26/23 10/24/23 2/6/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 21,006 19,778 20,402 20,516 21,914 20,649 18,860 15,730
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.279 x 3.636 x 3.203 x 2.849 x 2.67 x 2.295 x 1.911 x 1.446 x
Free Cash Flow 1 2,074 3,247 3,532 3,139 3,774 4,391 5,140 5,666
ROE (net income / shareholders' equity) 15.7% 9.25% 11.8% 13.6% 15.3% 16.4% 17% 17.5%
ROA (Net income/ Total Assets) 6.25% 3.97% 4.97% 5.25% 5.3% 5.46% 5.87% 6.34%
Assets 1 14,288 24,133 26,863 48,168 57,876 64,767 70,876 79,232
Book Value Per Share 2 48.50 47.30 47.60 48.90 50.30 52.10 60.20 64.50
Cash Flow per Share 2 5.350 6.070 6.010 7.130 8.380 10.80 12.10 15.20
Capex 1 721 900 1,160 1,479 1,388 1,530 1,571 1,623
Capex / Sales 4.56% 6.06% 7.15% 8.82% 7.69% 7.91% 7.47% 7.15%
Announcement Date 2/4/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
39
Last Close Price
155.9 USD
Average target price
169.5 USD
Spread / Average Target
+8.73%
Consensus
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  4. Financials Fiserv, Inc.