Financials Fidelity National Information Services, Inc.

Equities

FIS

US31620M1062

Financial Technology (Fintech)

Market Closed - Nyse 04:00:02 2024-05-31 pm EDT 5-day change 1st Jan Change
75.88 USD +2.43% Intraday chart for Fidelity National Information Services, Inc. -2.46% +26.32%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,485 87,777 66,465 40,261 35,590 42,208 - -
Enterprise Value (EV) 1 104,525 105,833 84,808 58,210 54,228 50,586 49,987 49,748
P/E ratio 211 x 566 x 163 x -2.45 x -5.33 x 20.6 x 18.1 x 17.7 x
Yield 1.01% 0.99% 1.43% 2.77% 3.46% 1.92% 2.14% 2.36%
Capitalization / Revenue 8.27 x 6.99 x 4.79 x 2.77 x 3.62 x 4.16 x 4 x 3.83 x
EV / Revenue 10.1 x 8.43 x 6.11 x 4.01 x 5.52 x 4.99 x 4.73 x 4.51 x
EV / EBITDA 24.9 x 20.1 x 13.9 x 9.4 x 8.81 x 12.2 x 11.5 x 10.7 x
EV / FCF 47.3 x 31.9 x 23.9 x 22.8 x 16.9 x 21.7 x 20.7 x 18.6 x
FCF Yield 2.11% 3.13% 4.19% 4.38% 5.92% 4.6% 4.84% 5.37%
Price to Book 1.25 x 1.78 x 1.42 x 1.47 x 1.86 x 2.4 x 2.22 x 2.07 x
Nbr of stocks (in thousands) 614,600 620,509 608,937 593,379 592,484 556,251 - -
Reference price 2 139.1 141.5 109.2 67.85 60.07 75.88 75.88 75.88
Announcement Date 2/13/20 2/9/21 2/15/22 2/13/23 2/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,333 12,552 13,877 14,528 9,821 10,138 10,563 11,033
EBITDA 1 4,204 5,260 6,117 6,195 6,154 4,130 4,359 4,628
EBIT 1 969 552 1,055 -16,119 1,467 1,846 2,085 2,563
Operating Margin 9.38% 4.4% 7.6% -110.95% 14.94% 18.21% 19.74% 23.23%
Earnings before Tax (EBT) 1 413 266 789 -16,331 663 1,310 1,749 2,405
Net income 1 298 158 417 -16,720 -6,654 1,759 1,953 2,433
Net margin 2.88% 1.26% 3% -115.09% -67.75% 17.35% 18.49% 22.05%
EPS 2 0.6600 0.2500 0.6700 -27.68 -11.26 3.689 4.197 4.282
Free Cash Flow 1 2,210 3,313 3,553 2,549 3,213 2,328 2,418 2,669
FCF margin 21.39% 26.39% 25.6% 17.55% 32.72% 22.97% 22.89% 24.19%
FCF Conversion (EBITDA) 52.57% 62.98% 58.08% 41.15% 52.21% 56.38% 55.49% 57.68%
FCF Conversion (Net income) 741.61% 2,096.84% 852.04% - - 132.39% 123.84% 109.69%
Dividend per Share 2 1.400 1.400 1.560 1.880 2.080 1.455 1.620 1.791
Announcement Date 2/13/20 2/9/21 2/15/22 2/13/23 2/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 3,672 3,492 3,719 3,604 3,714 3,510 3,746 3,690 2,510 2,467 2,485 2,561 2,625 2,572 2,591
EBITDA 1 1,705 1,418 1,599 1,575 1,605 1,359 1,551 1,632 1,613 975 991.5 1,066 1,098 1,016 1,049
EBIT 1 455 157 374 462 -17,112 337 -6,316 959 331 361 432.6 522.6 534.9 437.7 465.7
Operating Margin 12.39% 4.5% 10.06% 12.82% -460.74% 9.6% -168.61% 25.99% 13.19% 14.63% 17.41% 20.4% 20.38% 17.02% 17.97%
Earnings before Tax (EBT) 1 416 175 357 345 -17,209 189 -6,522 793 82 130 290.6 366 387.9 291.6 319.1
Net income 1 291 120 277 249 -17,365 140 -6,596 -449 251 724 441.1 458.2 478.5 407.7 446.3
Net margin 7.92% 3.44% 7.45% 6.91% -467.56% 3.99% -176.08% -12.17% 10% 29.35% 17.75% 17.89% 18.23% 15.85% 17.22%
EPS 2 0.4700 0.2000 0.4500 0.4100 -29.28 0.2400 -11.14 -0.7600 0.4200 1.250 0.8455 0.9025 0.9574 1.032 1.103
Dividend per Share 2 0.3900 0.4700 0.4700 0.4700 0.4700 0.5200 0.5200 0.5200 0.5200 - 0.3640 0.3640 0.3640 0.4000 0.4000
Announcement Date 2/15/22 5/3/22 8/4/22 11/3/22 2/13/23 4/27/23 8/2/23 11/7/23 2/26/24 5/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 19,040 18,056 18,343 17,949 18,638 8,378 7,778 7,540
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.529 x 3.433 x 2.999 x 2.897 x 3.029 x 2.028 x 1.785 x 1.629 x
Free Cash Flow 1 2,210 3,313 3,553 2,549 3,213 2,329 2,418 2,669
ROE (net income / shareholders' equity) 8.48% 0.32% 8.41% 10.8% 15.8% 16.2% 17.5% 18.6%
ROA (Net income/ Total Assets) 4.7% 4.08% 4.88% 5.52% 6.17% 4.41% 4.52% 5.12%
Assets 1 6,336 3,873 8,552 -303,074 -107,759 39,925 43,249 47,489
Book Value Per Share 2 111.0 79.60 76.90 46.10 32.30 31.60 34.20 36.70
Cash Flow per Share 2 5.340 7.080 7.750 6.520 7.340 5.090 6.120 6.500
Capex 1 828 1,129 1,251 1,390 1,122 821 782 808
Capex / Sales 8.01% 8.99% 9.01% 9.57% 11.42% 8.1% 7.41% 7.32%
Announcement Date 2/13/20 2/9/21 2/15/22 2/13/23 2/26/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
75.88 USD
Average target price
80.52 USD
Spread / Average Target
+6.11%
Consensus
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