Fidelity National Information Services, Inc.

Consumer Discretionary
Business Services
www.fisglobal.com

Earnings Score
Moat Score
Safety Score

Market Cap $45.62B
PE 32
Debt $11.13B
Cash $2.53B
EV $54.22B
FCF $2.04B

Earnings

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Sales & Net Margins

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Earnings	$1.42B
EBIT	$1.55B
ROE	9%
ROA	5%
FCF	$2.04B
Equity	$16.57B
Growth Stability	-6K%
PE	32.13
PEG	1.88
PB	2.75
P/FCF	22.36
P/S	4.54
Price/Cash	0.06
Debt/Equity	0.67
Debt/FCF	5.45
Net Margins	16%
Gross Margins	38%
Op. Margins	15%
Earnings CAGR	-1%
Sales Growth YoY	5K%
Sales Growth QoQ	3%
Sales CAGR	5%
FCF CAGR	18%
Equity CAGR	19%
Earnings Stability	0
Earnings Growth YoY	-145%
Earnings Growth QoQ	-18%
Earnings CAGR 5Y	17%

Sales CAGR 5Y	-4%
FCF CAGR 5Y	7%
Equity CAGR 5Y	-24%
Earnings CAGR 3Y	-19%
Sales CAGR 3Y	-19%
FCF CAGR 3Y	-9%
Equity CAGR 3Y	-37%
Market Cap	$45.62B
Revenue	$10.04B
Dividend Yield	2%
Payout Ratio	65%
Assets	$34.35B
Total Debt	$11.13B
Cash	$2.53B
Shares Outstanding	545M
EV	54.22B
Earnings Score	6%
Moat Score	77%
Safety Score	52%
Final Score	45%
Working Capital	928M
Current Ratio	1.18
Gross Profit	$3.80B
Shares Growth 3y	-4%
Equity Growth QoQ	-3%
Equity Growth YoY	-15%

Assets & ROA

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Stockholders Equity & ROE

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Fidelity National Information Services' legacy operations provide core and payment processing services to banks, but its business has expanded over time. By acquiring Sungard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS now provides payment processing services for merchants and holds leading positions in the United States and United Kingdom. About a fourth of revenue is generated outside North America.

SEC Filings

Direct access to Fidelity National Information Services, Inc. (FIS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Fidelity National Information Services, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Fidelity National Information Services, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -1%

Stability 0%

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Fidelity National Information Services, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Fidelity National Information Services, Inc..

Years

Calculation mode

= $72B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$2B	$2.4B	$2.8B	$3.4B	$4B	$4.7B	$5.5B	$6.5B	$7.7B	$9.1B	$11B	$108B
DCF		$2.2B	$2.4B	$2.5B	$2.7B	$2.9B	$3.1B	$3.4B	$3.6B	$3.9B	$4.2B	$42B
Value	$72B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	11%	10%	6%	14%	10%	3%	1%	3%	-115%	-68%	16%
ROA	-	5%	5%	6%	6%	1%	1%	1%	-25%	3%	5%
ROE	-	7%	6%	12%	8%	1%	0%	1%	-61%	-35%	9%

Good Net Margins (15.53%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	16.17	8.54	9.39	7.02	14.77	6.08	5.78	8.1	5.45	5.45
Debt over Equity	0.76	1.23	1.1	0.9	0.88	0.41	0.41	0.43	0.74	1	0.67
Growth Stability	-	-	-	100%	100%	33%	19%	96%	-6K%	-	-6K%

Bad Debt/FCF ratio (5.45)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.67)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-6K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	3%	40%	-1%	-8%	23%	21%	11%	5%	-32%	-4%
Earnings YoY growth	-	-7%	-10%	132%	-36%	-65%	-47%	164%	-4K%	-60%	17%
Equity YoY growth	-	41%	5%	11%	-7%	384%	-0%	-4%	-43%	-30%	-24%
FCF YoY growth	-	-7%	78%	-18%	23%	7%	141%	7%	-29%	41%	7%