Stock Analysis on Net

Fiserv Inc. (NASDAQ:FISV)

This company has been moved to the archive! The financial data has not been updated since April 28, 2022.

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Fiserv Inc., FCFE calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income attributable to Fiserv, Inc. 1,334 958 893 1,187 1,246
Net income attributable to noncontrolling interests and redeemable noncontrolling interests 69 17 21
Net noncash charges 3,126 3,383 1,845 534 252
Changes in assets and liabilities, net of effects from acquisitions and dispositions (495) (211) 36 (169) (15)
Net cash provided by operating activities 4,034 4,147 2,795 1,552 1,483
Capital expenditures, including capitalized software and other intangibles (1,160) (900) (721) (360) (287)
Debt proceeds 6,435 8,897 20,030 5,039 2,310
Debt repayments (7,881) (10,918) (5,043) (4,005) (1,985)
Net proceeds from (repayments of) commercial paper and short-term borrowings 1,741 (6)
Payments of debt financing, redemption and other costs (16) (247)
Free cash flow to equity (FCFE) 3,169 1,204 16,814 2,226 1,521

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Fiserv Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Fiserv Inc. FCFE decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.

Price to FCFE Ratio, Current

Fiserv Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 646,394,065
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 3,169
FCFE per share 4.90
Current share price (P) 104.74
Valuation Ratio
P/FCFE 21.36
Benchmarks
P/FCFE, Competitors1
Accenture PLC 23.60
Adobe Inc. 35.08
International Business Machines Corp. 10.33
Intuit Inc. 45.68
Microsoft Corp. 55.20
Oracle Corp. 16.08
Palo Alto Networks Inc. 97.10
Salesforce Inc. 38.03
ServiceNow Inc. 57.54
Synopsys Inc. 57.88
P/FCFE, Sector
Software & Services 46.89
P/FCFE, Industry
Information Technology 42.04

Based on: 10-K (reporting date: 2021-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Fiserv Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 652,196,905 669,459,877 679,098,783 391,586,971 413,215,728
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 3,169 1,204 16,814 2,226 1,521
FCFE per share3 4.86 1.80 24.76 5.68 3.68
Share price1, 4 95.56 115.37 108.54 84.75 71.06
Valuation Ratio
P/FCFE5 19.67 64.15 4.38 14.91 19.31
Benchmarks
P/FCFE, Competitors6
Accenture PLC 25.76 19.01 19.50 18.11
Adobe Inc. 34.26 41.36 41.90 19.87
International Business Machines Corp. 48.45 9.43 4.39
Intuit Inc. 86.74 17.36 34.61 29.29
Microsoft Corp. 42.54 42.74 30.77 37.57
Oracle Corp. 8.36 6.27 22.31 10.78
Palo Alto Networks Inc. 32.91 8.11 46.20 8.50
Salesforce Inc. 49.52 50.40 29.09
ServiceNow Inc. 64.54 49.83 68.98
Synopsys Inc. 40.55 45.07 77.64 19.63
P/FCFE, Sector
Software & Services 33.49 25.65 21.90
P/FCFE, Industry
Information Technology 27.30 23.29 18.92

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 3,169,000,000 ÷ 652,196,905 = 4.86

4 Closing price as at the filing date of Fiserv Inc. Annual Report.

5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 95.56 ÷ 4.86 = 19.67

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Fiserv Inc. P/FCFE ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.