Financials Fiserv, Inc.

Equities

FI

US3377381088

Business Support Services

Market Closed - Nyse 04:00:02 2023-12-01 pm EST Intraday chart for Fiserv, Inc. 5-day change 1st Jan Change
130.61 USD 0.00% +3.82% +29.23%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 29 284 78 616 76 336 68 525 64 182 78 390 - -
Enterprise Value (EV) 1 34 828 99 622 96 114 88 927 84 698 99 204 97 486 95 598
P/E ratio 25,6x 67,6x 81,3x 52,2x 25,8x 26,8x 21,9x 19,1x
Yield - - - - - - - -
Capitalization / Revenue 5,03x 4,98x 5,14x 4,22x 3,83x 4,33x 4,01x 3,71x
EV / Revenue 5,98x 6,31x 6,47x 5,48x 5,05x 5,48x 4,98x 4,52x
EV / EBITDA 15,9x 20,3x 17,7x 14,0x 11,8x 12,1x 11,1x 10,1x
EV / FCF 29,2x 48,0x 29,6x 25,2x 27,0x 25,1x 21,3x 18,7x
FCF Yield 3,42% 2,08% 3,38% 3,97% 3,71% 3,98% 4,69% 5,34%
Price to Book 13,3x 2,38x 2,41x 2,18x 2,07x 2,58x 2,35x 2,13x
Nbr of stocks (in thousands) 398 471 679 895 670 438 660 232 635 028 600 186 - -
Reference price 2 73,5 116 114 104 101 131 131 131
Announcement Date 02/07/19 02/04/20 02/09/21 02/08/22 02/07/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5 823 15 796 14 852 16 226 16 773 18 103 19 562 21 128
EBITDA 1 2 193 4 909 5 440 6 370 7 202 8 191 8 755 9 426
EBIT 1 1 800 4 294 4 363 5 212 5 882 6 689 7 339 8 100
Operating Margin 30,9% 27,2% 29,4% 32,1% 35,1% 36,9% 37,5% 38,3%
Earnings before Tax (EBT) 1 1 555 1 083 1 171 1 666 2 913 3 912 4 501 5 087
Net income 1 1 187 893 958 1 334 2 530 3 072 3 492 3 870
Net margin 20,4% 5,65% 6,45% 8,22% 15,1% 17,0% 17,8% 18,3%
EPS 2 2,87 1,71 1,40 1,99 3,91 4,87 5,97 6,85
Free Cash Flow 1 1 192 2 074 3 247 3 532 3 139 3 951 4 573 5 105
FCF margin 20,5% 13,1% 21,9% 21,8% 18,7% 21,8% 23,4% 24,2%
FCF Conversion (EBITDA) 54,4% 42,2% 59,7% 55,4% 43,6% 48,2% 52,2% 54,2%
FCF Conversion (Net income) 100% 232% 339% 265% 124% 129% 131% 132%
Dividend per Share 2 - - - - - - - -
Announcement Date 02/07/19 02/04/20 02/09/21 02/08/22 02/07/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q2 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
Net sales 1 4 051 4 163 4 257 3 906 4 234 4 273 4 360 4 280 4 506 4 615 4 692 4 620 4 896 4 998 5 080
EBITDA 1 1 593 1 657 1 728 1 561 1 746 1 846 2 049 1 789 2 008 2 136 2 196 1 965 2 167 2 279 2 387
EBIT 1 1 309 1 356 1 431 1 248 1 417 1 506 1 711 1 437 1 643 1 760 1 832 1 592 1 821 1 928 2 041
Operating Margin 32,3% 32,6% 33,6% 32,0% 33,5% 35,2% 39,2% 33,6% 36,5% 38,1% 39,0% 34,5% 37,2% 38,6% 40,2%
Earnings before Tax (EBT) 1 470 478 398 674 618 652 969 712 873 1 210 1 146 913 1 107 1 244 1 343
Net income 1 269 428 333 669 598 481 782 563 683 952 918 713 880 975 1 058
Net margin 6,64% 10,3% 7,82% 17,1% 14,1% 11,3% 17,9% 13,2% 15,2% 20,6% 19,6% 15,4% 18,0% 19,5% 20,8%
EPS 2 0,40 0,64 0,50 1,02 0,92 0,75 1,23 0,89 1,10 1,56 1,50 1,20 1,49 1,66 1,83
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 27/07/21 27/10/21 08/02/22 27/04/22 26/07/22 27/10/22 07/02/23 25/04/23 26/07/23 24/10/23 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 5 544 21 006 19 778 20 402 20 516 20 814 19 096 17 207
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2,53x 4,28x 3,64x 3,20x 2,85x 2,54x 2,18x 1,83x
Free Cash Flow 1 1 192 2 074 3 247 3 532 3 139 3 951 4 573 5 105
ROE (net income / shareholders' equity) 47,3% 15,7% 9,25% 11,8% 13,6% 14,8% 15,9% 16,7%
Shareholders' equity 1 2 512 5 675 10 359 11 268 18 585 20 812 21 984 23 126
ROA (Net income/ Total Assets) 11,9% 6,25% 3,97% 4,97% 5,25% 6,29% 6,75% 7,16%
Assets 1 9 985 14 288 24 133 26 863 48 168 48 809 51 743 54 090
Book Value Per Share 2 5,54 48,5 47,3 47,6 48,9 50,5 55,6 61,4
Cash Flow per Share 2 3,75 5,35 6,07 6,01 7,13 9,63 10,9 12,2
Capex 1 360 721 900 1 160 1 479 1 451 1 550 1 610
Capex / Sales 6,18% 4,56% 6,06% 7,15% 8,82% 8,01% 7,93% 7,62%
Announcement Date 07/02/19 04/02/20 09/02/21 08/02/22 07/02/23 - - -
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
OUTPERFORM
Number of Analysts
37
Last Close Price
130.61USD
Average target price
141.76USD
Spread / Average Target
+8.54%
Consensus
1st Jan change Capi.
+29.23% 78 390 M $
-16.25% 64 311 M $
+20.61% 31 192 M $
+36.99% 18 169 M $
+0.04% 13 780 M $
-1.33% 10 353 M $
+40.33% 10 259 M $
+11.13% 7 773 M $
+63.96% 6 635 M $
+14.45% 5 160 M $
Transaction & Payment Services
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