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FISV Fiserv

payments · 2026-10-26

N/A
too hard · 59
Owner-earnings value$64.99
Price$49.86
Margin of safety +30.3%

Quality gate · 59/100

Returns on capital 6.1/30
Consistency 20.0/22
Margins / pricing power 14.6/16
Balance sheet 2.8/16
Cash conversion 10/10
Capital allocation 6/6

⚠ sub-hurdle returns (median roic 8% < 9%)

Median ROIC8.3%
Gross margin56.2%
Net debt / EBITDA3.5x
FCF conversion133%
Share count / yr-5.4%
Profitable years4/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)3.93B
Owner-earnings yield14.8%
Free-cash-flow yield14.8%
Growth used (normalized)-10.8%
Market-implied growth (reverse DCF)-16.8%
Terminal growth3.0%
Discount rate (hurdle)9.5%

Projected owner earnings

YrOwner earningsGrowthPV
13.50B -10.8%3.20B
23.18B -9.3%2.65B
32.93B -7.7%2.23B
42.75B -6.2%1.91B
52.62B -4.7%1.67B
62.54B -3.1%1.47B
72.50B -1.6%1.32B
82.50B -0.1%1.21B
92.53B 1.5%1.12B
102.61B 3.0%1.05B

⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~-17%/yr owner-earnings growth over 10y (reverse DCF); model credits -11%. Capped at market + 6pts.

History

DateQualityPriceValueMoSRating
2026-10-26 59 $49.86 $64.99 +30.3% N/A
2026-10-12 59 $45.63 $59.42 +30.2% N/A
2026-09-28 59 $46.48 $60.54 +30.3% N/A
2026-09-14 59 $51.58 $67.19 +30.3% N/A
2026-08-31 59 $53.18 $69.42 +30.5% N/A
2026-08-17 59 $54.39 $70.98 +30.5% N/A
2026-08-03 60 $53.94 $70.44 +30.6% N/A
2026-07-20 60 $50.63 $66.34 +31.0% N/A
2026-07-07 60 $51.78 $67.85 +31.0% N/A
2026-07-02 60 $50.73 $66.50 +31.1% N/A
2026-06-30 60 $48.83 $64.06 +31.2% N/A
2026-06-25 60 $48.19 $63.47 +31.7% N/A
2026-06-23 60 $47.30 $151.32 +219.9% N/A