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Fidelity National Information Services Inc FIS

Morningstar Rating
$69.45 +0.24 (0.35%)
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Company Report

FIS Earnings: Company Sets Off on Its Next Phase

FIS didn’t finish 2023 on an impressive note, but with its having recently completed the sale of a majority interest in the Worldpay business, the end of the year was more about setting the stage for what comes next, and the company’s expectations are roughly in line with our own. We will maintain our $78 fair value estimate for the narrow-moat company and see the shares as modestly undervalued.

Price vs Fair Value

FIS is trading at a 11% discount.
Price
$69.45
Fair Value
$57.00
Uncertainty
Medium
1-Star Price
$978.30
5-Star Price
$58.60
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The bank technology business is very stable, characterized by high amounts of recurring revenue and long-term contracts.

Bears

Compared with its peers, FIS' customer base skews more heavily to large banks, which have greater bargaining leverage.

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News

Trading Information

Previous Close Price
$69.21
Day Range
$68.9969.96
52-Week Range
$46.9169.96
Bid/Ask
$64.10 / $69.45
Market Cap
$40.04 Bil
Volume/Avg
173 / 5.0 Mil

Key Statistics

Price/Earnings (Normalized)
14.71
Price/Sales
4.18
Dividend Yield (Trailing)
3.00%
Dividend Yield (Forward)
3.00%
Total Yield
4.30%

Company Profile

Fidelity National Information Services’ legacy operations provide core processing and ancillary 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.
Sector
Technology
Industry
Information Technology Services
Stock Style Box
Mid Value
Total Number of Employees
60,000

Competitors

Valuation

Metric
FIS
JKHY
GPN
Price/Earnings (Normalized)
14.7132.4812.34
Price/Book Value
2.127.331.46
Price/Sales
4.185.873.48
Price/Cash Flow
9.1822.4511.55
Price/Earnings
FIS
JKHY
GPN

Financial Strength

Metric
FIS
JKHY
GPN
Quick Ratio
0.140.740.39
Current Ratio
0.751.370.99
Interest Coverage
1.8026.682.60
Quick Ratio
FIS
JKHY
GPN

Profitability

Metric
FIS
JKHY
GPN
Return on Assets (Normalized)
13.19%14.80%5.66%
Return on Equity (Normalized)
33.35%24.75%12.18%
Return on Invested Capital (Normalized)
18.98%21.05%7.94%
Return on Assets
FIS
JKHY
GPN
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Economic Moat
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INFY
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CTSH
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GIB
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BR
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