Financials Fidelity National Information Services, Inc.

Equities

FIS

US31620M1062

Financial Technology (Fintech)

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
69.6 USD -1.23% Intraday chart for Fidelity National Information Services, Inc. -1.60% +15.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,485 87,777 66,465 40,261 35,590 40,122 - -
Enterprise Value (EV) 1 104,525 105,833 84,808 58,210 54,228 47,761 47,159 45,285
P/E ratio 211 x 566 x 163 x -2.45 x -5.33 x 25.4 x 21.1 x 17.4 x
Yield 1.01% 0.99% 1.43% 2.77% 3.46% 2.4% 3.18% 2.81%
Capitalization / Revenue 8.27 x 6.99 x 4.79 x 2.77 x 3.62 x 3.96 x 3.81 x 3.67 x
EV / Revenue 10.1 x 8.43 x 6.11 x 4.01 x 5.52 x 4.72 x 4.48 x 4.14 x
EV / EBITDA 24.9 x 20.1 x 13.9 x 9.4 x 8.81 x 11.6 x 10.9 x 9.96 x
EV / FCF 47.3 x 31.9 x 23.9 x 22.8 x 16.9 x 18.7 x 17 x 14.5 x
FCF Yield 2.11% 3.13% 4.19% 4.38% 5.92% 5.33% 5.9% 6.91%
Price to Book 1.25 x 1.78 x 1.42 x 1.47 x 1.86 x 2.23 x 2.08 x 1.97 x
Nbr of stocks (in thousands) 614,600 620,509 608,937 593,379 592,484 576,466 - -
Reference price 2 139.1 141.5 109.2 67.85 60.07 69.60 69.60 69.60
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 10,129 10,518 10,938
EBITDA 1 4,204 5,260 6,117 6,195 6,154 4,124 4,330 4,546
EBIT 1 969 552 1,055 -16,119 1,467 1,638 1,817 2,431
Operating Margin 9.38% 4.4% 7.6% -110.95% 14.94% 16.18% 17.28% 22.23%
Earnings before Tax (EBT) 1 413 266 789 -16,331 663 1,510 1,807 2,582
Net income 1 298 158 417 -16,720 -6,654 1,522 1,690 2,255
Net margin 2.88% 1.26% 3% -115.09% -67.75% 15.03% 16.07% 20.61%
EPS 2 0.6600 0.2500 0.6700 -27.68 -11.26 2.737 3.295 3.998
Free Cash Flow 1 2,210 3,313 3,553 2,549 3,213 2,547 2,781 3,129
FCF margin 21.39% 26.39% 25.6% 17.55% 32.72% 25.15% 26.44% 28.61%
FCF Conversion (EBITDA) 52.57% 62.98% 58.08% 41.15% 52.21% 61.77% 64.23% 68.83%
FCF Conversion (Net income) 741.61% 2,096.84% 852.04% - - 167.37% 164.54% 138.79%
Dividend per Share 2 1.400 1.400 1.560 1.880 2.080 1.673 2.213 1.954
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 Q3 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
Net sales 1 3,507 3,672 3,492 3,719 3,604 3,714 3,510 3,746 3,690 2,510 2,445 2,488 2,561 2,631 2,546
EBITDA 1 1,585 1,705 1,418 1,599 1,575 1,605 1,359 1,551 1,632 1,613 963.4 999.3 1,060 1,097 1,012
EBIT 1 138 455 157 374 462 -17,112 337 -6,316 959 331 353.9 376.4 455.9 465.8 401.2
Operating Margin 3.93% 12.39% 4.5% 10.06% 12.82% -460.74% 9.6% -168.61% 25.99% 13.19% 14.47% 15.13% 17.8% 17.71% 15.76%
Earnings before Tax (EBT) 1 202 416 175 357 345 -17,209 189 -6,522 793 82 262.8 282 364.4 394.8 342.6
Net income 1 158 291 120 277 249 -17,365 140 -6,596 -449 251 276.8 352 408.3 429.5 340.1
Net margin 4.51% 7.92% 3.44% 7.45% 6.91% -467.56% 3.99% -176.08% -12.17% 10% 11.32% 14.15% 15.94% 16.33% 13.36%
EPS 2 0.2600 0.4700 0.2000 0.4500 0.4100 -29.28 0.2400 -11.14 -0.7600 0.4200 0.5336 0.6547 0.7638 0.8178 0.6039
Dividend per Share 2 0.3900 0.3900 0.4700 0.4700 0.4700 0.4700 0.5200 0.5200 0.5200 0.5200 0.4380 0.4380 0.4380 0.4380 0.3800
Announcement Date 11/4/21 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 - - - - -
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 7,639 7,037 5,163
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.529 x 3.433 x 2.999 x 2.897 x 3.029 x 1.852 x 1.625 x 1.136 x
Free Cash Flow 1 2,210 3,313 3,553 2,549 3,213 2,547 2,781 3,129
ROE (net income / shareholders' equity) 8.48% 0.32% 8.41% 10.8% 15.8% 15.8% 18.3% 19.1%
ROA (Net income/ Total Assets) 4.7% 4.08% 4.88% 5.52% 6.17% 4.99% 6.21% 7.45%
Assets 1 6,336 3,873 8,552 -303,074 -107,759 30,512 27,218 30,277
Book Value Per Share 2 111.0 79.60 76.90 46.10 32.30 31.30 33.40 35.30
Cash Flow per Share 2 5.340 7.080 7.750 6.520 7.340 4.630 5.030 5.290
Capex 1 828 1,129 1,251 1,390 1,122 866 874 915
Capex / Sales 8.01% 8.99% 9.01% 9.57% 11.42% 8.55% 8.31% 8.36%
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
33
Last Close Price
69.6 USD
Average target price
75.93 USD
Spread / Average Target
+9.10%
Consensus
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