Stock Analysis on Net
Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

This company has been moved to the archive! The financial data has not been updated since May 2, 2023.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Fidelity National Information Services Inc., decomposition of ROE

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2022 -61.43% = -26.42% × 2.32
Dec 31, 2021 0.88% = 0.50% × 1.75
Dec 31, 2020 0.32% = 0.19% × 1.70
Dec 31, 2019 0.60% = 0.36% × 1.70
Dec 31, 2018 8.28% = 3.56% × 2.33

Based on: 10-K (reporting date: 2022-12-31), 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).

The primary reason for the decrease in return on equity ratio (ROE) over 2022 year is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Fidelity National Information Services Inc., decomposition of ROE

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2022 -61.43% = -115.09% × 0.23 × 2.32
Dec 31, 2021 0.88% = 3.00% × 0.17 × 1.75
Dec 31, 2020 0.32% = 1.26% × 0.15 × 1.70
Dec 31, 2019 0.60% = 2.88% × 0.12 × 1.70
Dec 31, 2018 8.28% = 10.04% × 0.35 × 2.33

Based on: 10-K (reporting date: 2022-12-31), 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).

The primary reason for the decrease in return on equity ratio (ROE) over 2022 year is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Fidelity National Information Services Inc., decomposition of ROE

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2022 -61.43% = — × — × -110.43% × 0.23 × 2.32
Dec 31, 2021 0.88% = 0.53 × 0.78 × 7.23% × 0.17 × 1.75
Dec 31, 2020 0.32% = 0.62 × 0.43 × 4.72% × 0.15 × 1.70
Dec 31, 2019 0.60% = 0.75 × 0.51 × 7.62% × 0.12 × 1.70
Dec 31, 2018 8.28% = 0.80 × 0.77 × 16.24% × 0.35 × 2.33

Based on: 10-K (reporting date: 2022-12-31), 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).

Two-Component Disaggregation of ROA

Fidelity National Information Services Inc., decomposition of ROA

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2022 -26.42% = -115.09% × 0.23
Dec 31, 2021 0.50% = 3.00% × 0.17
Dec 31, 2020 0.19% = 1.26% × 0.15
Dec 31, 2019 0.36% = 2.88% × 0.12
Dec 31, 2018 3.56% = 10.04% × 0.35

Based on: 10-K (reporting date: 2022-12-31), 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).

The primary reason for the decrease in return on assets ratio (ROA) over 2022 year is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Fidelity National Information Services Inc., decomposition of ROA

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2022 -26.42% = — × — × -110.43% × 0.23
Dec 31, 2021 0.50% = 0.53 × 0.78 × 7.23% × 0.17
Dec 31, 2020 0.19% = 0.62 × 0.43 × 4.72% × 0.15
Dec 31, 2019 0.36% = 0.75 × 0.51 × 7.62% × 0.12
Dec 31, 2018 3.56% = 0.80 × 0.77 × 16.24% × 0.35

Based on: 10-K (reporting date: 2022-12-31), 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).

Disaggregation of Net Profit Margin

Fidelity National Information Services Inc., decomposition of net profit margin ratio

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2022 -115.09% = — × — × -110.43%
Dec 31, 2021 3.00% = 0.53 × 0.78 × 7.23%
Dec 31, 2020 1.26% = 0.62 × 0.43 × 4.72%
Dec 31, 2019 2.88% = 0.75 × 0.51 × 7.62%
Dec 31, 2018 10.04% = 0.80 × 0.77 × 16.24%

Based on: 10-K (reporting date: 2022-12-31), 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).