/
Fiserv, Inc. is a leading global provider of payments and financial services technology solutions. We are publicly traded on the NASDAQ Global Select Market and part of the S&P 500 Index.
$57.13
+$1.31 (+2.35%)
Price from 12 days ago
27.45% operating margin is above average. ROIC at 9.11%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 3.6%, steady but not accelerating. Free cash flow declined 15% despite revenue growth, conversion is weakening.
Free cash flow declined 15% versus the prior year, cash generation momentum has weakened. Net debt of $30.09B represents 7.0x FCF, leverage limits flexibility.
9.7x earnings, 7.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$21.09B
▲ +3.6% YoY
Net Income (TTM)
$3.20B
▲ +11.1% YoY
Op. Margin
25.32%
▼ -1.3pp YoY
ROIC
8.44%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.13B
▼ -15.1% YoY
Op. Cash Flow (TTM)
$6.01B
▼ -8.6% YoY
Net Debt
$28.48B
Cash & Equiv.
$829M
5Y CAGR: +7.4%
5Y CAGR: +5.8%
Continue Research