FIS Fidelity National Information Services
too hard · 41
Owner-earnings value$49.72
Price$38.29
Margin of safety
+29.8%
Quality gate · 41/100
⚠ sub-hurdle returns (median roic 4% < 9%) · unprofitable in too many years
Median ROIC3.6%
Gross margin36.0%
Net debt / EBITDA3.0x
Share count / yr-4.5%
Profitable years2/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.92B |
| Owner-earnings yield | 9.7% |
| Free-cash-flow yield | 9.7% |
| Growth used (normalized) | -2.9% |
| Market-implied growth (reverse DCF) | -8.9% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.87B | -2.9% | 1.71B |
| 2 | 1.82B | -2.3% | 1.53B |
| 3 | 1.79B | -1.6% | 1.39B |
| 4 | 1.78B | -0.9% | 1.26B |
| 5 | 1.77B | -0.3% | 1.15B |
| 6 | 1.78B | 0.4% | 1.06B |
| 7 | 1.80B | 1.0% | 982.81M |
| 8 | 1.83B | 1.7% | 916.86M |
| 9 | 1.87B | 2.3% | 860.87M |
| 10 | 1.93B | 3.0% | 813.48M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~-9%/yr owner-earnings growth over 10y (reverse DCF); model credits -3%. Capped at market + 6pts.