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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt No Debt
V's Cash to Debt is ranked higher than
97% of the 124 Companies
in the Global Credit Services industry.

( Industry Median: 0.12 vs. V: No Debt )
V' s 10-Year Cash to Debt Range
Min: 6.59   Max: No Debt
Current: No Debt

Equity to Asset 0.75
V's Equity to Asset is ranked higher than
98% of the 121 Companies
in the Global Credit Services industry.

( Industry Median: 0.25 vs. V: 0.75 )
V' s 10-Year Equity to Asset Range
Min: -0.11   Max: 0.77
Current: 0.75

-0.11
0.77
Interest Coverage No Debt
V's Interest Coverage is ranked higher than
95% of the 110 Companies
in the Global Credit Services industry.

( Industry Median: 3.32 vs. V: No Debt )
V' s 10-Year Interest Coverage Range
Min: 8.2   Max: 9999.99
Current: No Debt

8.2
9999.99
F-Score: 7
Z-Score: 9.55
M-Score: -3.16
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 61.46
V's Operating margin (%) is ranked higher than
94% of the 129 Companies
in the Global Credit Services industry.

( Industry Median: 25.26 vs. V: 61.46 )
V' s 10-Year Operating margin (%) Range
Min: -71.62   Max: 61.46
Current: 61.46

-71.62
61.46
Net-margin (%) 42.28
V's Net-margin (%) is ranked higher than
95% of the 131 Companies
in the Global Credit Services industry.

( Industry Median: 16.25 vs. V: 42.28 )
V' s 10-Year Net-margin (%) Range
Min: -44.7   Max: 42.28
Current: 42.28

-44.7
42.28
ROE (%) 18.53
V's ROE (%) is ranked higher than
83% of the 132 Companies
in the Global Credit Services industry.

( Industry Median: 11.35 vs. V: 18.53 )
V' s 10-Year ROE (%) Range
Min: 3.61   Max: 285.71
Current: 18.53

3.61
285.71
ROA (%) 13.85
V's ROA (%) is ranked higher than
98% of the 133 Companies
in the Global Credit Services industry.

( Industry Median: 2.80 vs. V: 13.85 )
V' s 10-Year ROA (%) Range
Min: -46.46   Max: 15.35
Current: 13.85

-46.46
15.35
ROC (Joel Greenblatt) (%) 417.96
V's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 127 Companies
in the Global Credit Services industry.

( Industry Median: 33.24 vs. V: 417.96 )
V' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -462.94   Max: 2516.67
Current: 417.96

-462.94
2516.67
Revenue Growth (%) 18.10
V's Revenue Growth (%) is ranked higher than
89% of the 113 Companies
in the Global Credit Services industry.

( Industry Median: 5.80 vs. V: 18.10 )
V' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 42.4
Current: 18.1

0
42.4
EBITDA Growth (%) 20.00
V's EBITDA Growth (%) is ranked higher than
82% of the 97 Companies
in the Global Credit Services industry.

( Industry Median: 10.10 vs. V: 20.00 )
V' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 87.6
Current: 20

0
87.6
EPS Growth (%) 23.70
V's EPS Growth (%) is ranked higher than
87% of the 94 Companies
in the Global Credit Services industry.

( Industry Median: 17.30 vs. V: 23.70 )
V' s 10-Year EPS Growth (%) Range
Min: 0   Max: 107.2
Current: 23.7

0
107.2
» V's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

V Guru Trades in Q1 2013

Louis Moore Bacon 75,000 sh (New)
Ray Dalio 11,501 sh (New)
Steven Cohen 1,243,045 sh (+330.44%)
David Rolfe 697,982 sh (+27.69%)
Bill Frels 1,670 sh (+25.28%)
MS Global Franchise Fund 83,585 sh (+20.1%)
Caxton Associates 133,000 sh (+19.84%)
Ron Baron 25,879 sh (+12.49%)
Jim Chanos 61,200 sh (+10.27%)
Tom Gayner 111,100 sh (+9.89%)
Frank Sands 14,219,280 sh (+7.05%)
Tom Russo 105,580 sh (+2.68%)
Jeff Auxier 12,942 sh (+0.4%)
Ruane Cunniff 1,148,321 sh (+0.07%)
Jean-Marie Eveillard 1,013,017 sh (+0.06%)
Chuck Akre 372,430 sh (unchged)
Ken Heebner 202,000 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Lee Ainslie Sold Out
Chris Davis 2,104,170 sh (-0.12%)
Murray Stahl 95,172 sh (-0.36%)
Mario Gabelli 29,175 sh (-2.47%)
Chase Coleman 1,924,000 sh (-2.83%)
PRIMECAP Management 4,786,087 sh (-5.03%)
Pioneer Investments 339,119 sh (-5.23%)
Julian Robertson 116,500 sh (-9.69%)
Jeremy Grantham 2,039,007 sh (-11.4%)
Steve Mandel 1,958,840 sh (-12.84%)
John Keeley 2,500 sh (-15.68%)
Andreas Halvorsen 2,593,100 sh (-25.13%)
Ken Fisher 3,435,165 sh (-29.23%)
» More
Q2 2013

V Guru Trades in Q2 2013

RS Investment Management 17,400 sh (New)
John Burbank 188,914 sh (New)
Louis Moore Bacon 125,000 sh (+66.67%)
Pioneer Investments 550,744 sh (+62.4%)
Chuck Akre 502,430 sh (+34.91%)
David Rolfe 787,647 sh (+12.85%)
Chris Davis 2,293,737 sh (+9.01%)
Tom Gayner 119,600 sh (+7.65%)
MS Global Franchise Fund 88,955 sh (+6.42%)
Bill Frels 1,771 sh (+6.05%)
Tom Russo 108,933 sh (+3.18%)
Ron Baron 26,466 sh (+2.27%)
Frank Sands 14,445,520 sh (+1.59%)
Jean-Marie Eveillard 1,015,017 sh (+0.2%)
Ken Fisher 3,440,630 sh (+0.16%)
Warren Buffett 1,555,459 sh (unchged)
John Keeley 2,500 sh (unchged)
Jeff Auxier 12,942 sh (unchged)
Ruane Cunniff 1,148,351 sh (unchged)
Ray Dalio Sold Out
Caxton Associates Sold Out
Murray Stahl 95,106 sh (-0.07%)
PRIMECAP Management 4,775,515 sh (-0.22%)
Mario Gabelli 27,835 sh (-4.59%)
Andreas Halvorsen 2,411,597 sh (-7%)
Jim Chanos 53,010 sh (-13.38%)
Ken Heebner 149,000 sh (-26.24%)
Jeremy Grantham 1,390,245 sh (-31.82%)
Steve Mandel 1,320,105 sh (-32.61%)
Chase Coleman 1,270,000 sh (-33.99%)
Julian Robertson 63,500 sh (-45.49%)
Steven Cohen 444,171 sh (-64.27%)
» More
Q3 2013

V Guru Trades in Q3 2013

George Soros 67,801 sh (New)
Jim Simons 39,500 sh (New)
Paul Tudor Jones 62,800 sh (New)
Manning & Napier Advisors, Inc 9,440 sh (New)
Jean-Marie Eveillard 2,055,098 sh (+102.47%)
Jim Chanos 70,278 sh (+32.57%)
RS Investment Management 20,725 sh (+19.11%)
Mario Gabelli 31,755 sh (+14.08%)
David Rolfe 862,941 sh (+9.56%)
MS Global Franchise Fund 93,615 sh (+5.24%)
Tom Gayner 122,600 sh (+2.51%)
Pioneer Investments 557,173 sh (+1.17%)
Ken Fisher 3,450,535 sh (+0.29%)
Chris Davis 2,296,920 sh (+0.14%)
Ron Baron 26,466 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Chuck Akre 502,430 sh (unchged)
Jeff Auxier 12,942 sh (unchged)
George Soros 14,000 sh (unchged)
John Burbank Sold Out
Ken Heebner Sold Out
Ruane Cunniff 1,147,628 sh (-0.06%)
PRIMECAP Management 4,701,865 sh (-1.54%)
Andreas Halvorsen 2,362,800 sh (-2.02%)
Tom Russo 106,458 sh (-2.27%)
Murray Stahl 92,098 sh (-3.16%)
Frank Sands 13,703,902 sh (-5.13%)
Steve Mandel 1,243,515 sh (-5.8%)
Julian Robertson 53,100 sh (-16.38%)
Bill Frels 1,402 sh (-20.84%)
Jeremy Grantham 877,967 sh (-36.85%)
John Keeley 1,500 sh (-40%)
Chase Coleman 615,000 sh (-51.57%)
Steven Cohen 21,127 sh (-95.24%)
Louis Moore Bacon 2,704 sh (-97.84%)
» More
Q4 2013

V Guru Trades in Q4 2013

Ray Dalio 2,101 sh (New)
Bill Nygren 740,000 sh (New)
Ken Heebner 80,000 sh (New)
Louis Moore Bacon 242,458 sh (+8866.64%)
Steven Cohen 491,200 sh (+2224.99%)
Manning & Napier Advisors, Inc 38,210 sh (+304.77%)
Jim Simons 136,600 sh (+245.82%)
Bill Frels 3,332 sh (+137.66%)
Pioneer Investments 673,298 sh (+20.84%)
Tom Gayner 136,600 sh (+11.42%)
Andreas Halvorsen 2,562,037 sh (+8.43%)
RS Investment Management 21,844 sh (+5.4%)
David Rolfe 899,810 sh (+4.27%)
MS Global Franchise Fund 96,816 sh (+3.42%)
Tom Russo 108,477 sh (+1.9%)
Mario Gabelli 32,155 sh (+1.26%)
Ken Fisher 3,493,095 sh (+1.23%)
Chuck Akre 502,430 sh (unchged)
Ron Baron 26,466 sh (unchged)
Steven Cohen 230,000 sh (unchged)
John Keeley 1,500 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Julian Robertson Sold Out
Steve Mandel Sold Out
Paul Tudor Jones Sold Out
George Soros Sold Out
Murray Stahl 91,990 sh (-0.12%)
Jean-Marie Eveillard 2,045,472 sh (-0.47%)
PRIMECAP Management 4,676,216 sh (-0.55%)
Ruane Cunniff 1,128,371 sh (-1.68%)
Jeff Auxier 12,342 sh (-4.64%)
Chris Davis 2,185,502 sh (-4.85%)
Frank Sands 12,376,651 sh (-9.69%)
Jim Chanos 60,388 sh (-14.07%)
Chase Coleman 284,944 sh (-53.67%)
Jeremy Grantham 248,418 sh (-71.71%)
» More
» Details

Insider Trades

Latest Guru Trades with V

» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Visa, Inc.

David Rolfe Comments on Visa - Apr 18, 2014

During the quarter, Visa (V) reported strong year-­‐over-­‐year growth with earnings up 14%, as the business continues to operate at a superior level – very much in-­‐line with the past several years. Visa has been a core holding for our clients since October 2008 and rarely has a year gone by without the Company and its partners having to contend with lawsuits and legislation aimed at limiting pricing power and 4 distribution. 2014 is no exception, though most of the news has been favorable, with a ruling for "no change" to Visa's exclusivity for high-­‐value signature transactions. We continue to see Visa's pricing power as being derived from VisaNet's superior value proposition relative to substitutes, particularly paper-­‐ based payments, automated clearinghouse (ACH), and more recently, "cryptocurrencies" (e.g. Bitcoin). While these emerging payment platforms, including PayPal and Square, represent very legitimate substitutes to traditional interchange, in our view they are not quite "good enough," as evidenced by merchant acceptance that is largely sequestered to small businesses. While we have been net sellers of Visa over the past 18 months, it has been solely due to valuation – our primary tool for risk management at Wedgewood. We believe Visa will continue to maintain its superior competitive positioning, as competitors find it difficult to achieve the network-­‐effect benefits that have compounded the value proposition of VisaNet, particularly as acceptance and issuance of the Visa brand continues to expand.

From David Rolfe (Trades, Portfolio)'s Wedgewood Partners first quarter 2014 commentary.

Check out David Rolfe latest stock trades

Baron Funds Comments on Visa Inc - Aug 24, 2012

From Barn Funds second quarter commentary:

Visa, Inc. (V) owns the largest global payment network and we are fans of its low capital intensity, massively scalable business model. The shares rose 5.0% during the quarter. The outperformance was driven by its strong fiscal second quarterly earnings report in April and increasing expectation of a favorable legal settlement with merchants (which did occur in July after the quarter ended).We remain long-term believers in Visa, as it is the dominant payments network in the world (over 55% of all credit/debit card transactions) with high barriers to entry and a long organic growth runway as plastic continues to gain transaction/volume share from cash and/or checks. (Robert Susman)
Check out Ron Baron latest stock trades

Top Ranked Articles about Visa, Inc.

David Rolfe Comments on Visa
During the quarter, Visa (V) reported strong year-­‐over-­‐year growth with earnings up 14%, as the business continues to operate at a superior level – very much in-­‐line with the past several years. Visa has been a core holding for our clients since October 2008 and rarely has a year gone by without the Company and its partners having to contend with lawsuits and legislation aimed at limiting pricing power and 4 distribution. 2014 is no exception, though most of the news has been favorable, with a ruling for "no change" to Visa's exclusivity for high-­‐value signature transactions. We continue to see Visa's pricing power as being derived from VisaNet's superior value proposition relative to substitutes, particularly paper-­‐ based payments, automated clearinghouse (ACH), and more recently, "cryptocurrencies" (e.g. Bitcoin). While these emerging payment platforms, including PayPal and Square, represent very legitimate substitutes to traditional interchange, in our view they are not quite "good enough," as evidenced by merchant acceptance that is largely sequestered to small businesses. While we have Read more...
Bill Nygren Comments on Visa
 A position in Visa (V) was started after we gained greater confidence in new management and the shares became as attractively valued as Mastercard (MA). Read more...
Top Stocks Warren Buffett and George Soros Both Own
Warren Buffett is the fourth wealthiest person in the world, and George Soros the thirtieth. Both made their fortunes via the stock market and investing, though with very different approaches. Buffett buys stakes in stable, high-quality companies and takes a long-term view, while Soros is more apt to speculate in markets, buying and selling based on short term aberrations or misunderstandings he can exploit. Read more...
Weekly Top Insider Sells
According to GuruFocus Insider Data, these are the largest insider sells during the past week. The overall trend of insiders is illustrated in the chart below: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 26.70
V's P/E(ttm) is ranked lower than
62% of the 118 Companies
in the Global Credit Services industry.

( Industry Median: 12.40 vs. V: 26.70 )
V' s 10-Year P/E(ttm) Range
Min: 14.82   Max: 115.15
Current: 26.7

14.82
115.15
P/B 4.80
V's P/B is ranked lower than
69% of the 132 Companies
in the Global Credit Services industry.

( Industry Median: 1.40 vs. V: 4.80 )
V' s 10-Year P/B Range
Min: 1.73   Max: 5.96
Current: 4.8

1.73
5.96
P/S 11.20
V's P/S is ranked lower than
81% of the 126 Companies
in the Global Credit Services industry.

( Industry Median: 2.50 vs. V: 11.20 )
V' s 10-Year P/S Range
Min: 5.87   Max: 30.2
Current: 11.2

5.87
30.2
PFCF 19.50
V's PFCF is ranked lower than
69% of the 72 Companies
in the Global Credit Services industry.

( Industry Median: 7.30 vs. V: 19.50 )
V' s 10-Year PFCF Range
Min: 14.23   Max: 370.71
Current: 19.5

14.23
370.71
EV-to-EBIT 17.50
V's EV-to-EBIT is ranked higher than
61% of the 119 Companies
in the Global Credit Services industry.

( Industry Median: 16.90 vs. V: 17.50 )
V' s 10-Year EV-to-EBIT Range
Min: 9.2   Max: 186.3
Current: 17.5

9.2
186.3
PEG 3.00
V's PEG is ranked lower than
71% of the 80 Companies
in the Global Credit Services industry.

( Industry Median: 1.09 vs. V: 3.00 )
V' s 10-Year PEG Range
Min: 0.84   Max: 3
Current: 3

0.84
3
Shiller P/E 46.70
V's Shiller P/E is ranked lower than
80% of the 76 Companies
in the Global Credit Services industry.

( Industry Median: 18.31 vs. V: 46.70 )
V' s 10-Year Shiller P/E Range
Min: 31.64   Max: 54.63
Current: 46.7

31.64
54.63

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.70
V's Dividend Yield is ranked lower than
88% of the 96 Companies
in the Global Credit Services industry.

( Industry Median: 2.24 vs. V: 0.70 )
V' s 10-Year Dividend Yield Range
Min: 0.19   Max: 0.78
Current: 0.7

0.19
0.78
Dividend Payout 0.18
V's Dividend Payout is ranked higher than
82% of the 87 Companies
in the Global Credit Services industry.

( Industry Median: 0.31 vs. V: 0.18 )
V' s 10-Year Dividend Payout Range
Min: 0.09   Max: 0.18
Current: 0.18

0.09
0.18
Dividend growth (3y) 38.20
V's Dividend growth (3y) is ranked higher than
94% of the 72 Companies
in the Global Credit Services industry.

( Industry Median: 9.40 vs. V: 38.20 )
V' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 38.2
Current: 38.2

0
38.2
Yield on cost (5-Year) 2.92
V's Yield on cost (5-Year) is ranked higher than
54% of the 98 Companies
in the Global Credit Services industry.

( Industry Median: 2.94 vs. V: 2.92 )
V' s 10-Year Yield on cost (5-Year) Range
Min: 0.79   Max: 3.26
Current: 2.92

0.79
3.26
Share Buyback Rate 3.90
V's Share Buyback Rate is ranked higher than
95% of the 98 Companies
in the Global Credit Services industry.

( Industry Median: -1.50 vs. V: 3.90 )
V' s 10-Year Share Buyback Rate Range
Min: 0   Max: 3.7
Current: 3.9

0
3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 33.10
V's Price/Tangible Book is ranked lower than
85% of the 127 Companies
in the Global Credit Services industry.

( Industry Median: 1.70 vs. V: 33.10 )
V' s 10-Year Price/Tangible Book Range
Min: 16.57   Max: 779.5
Current: 33.1

16.57
779.5
Price/DCF (Projected) 2.30
V's Price/DCF (Projected) is ranked lower than
65% of the 60 Companies
in the Global Credit Services industry.

( Industry Median: 0.70 vs. V: 2.30 )
V' s 10-Year Price/DCF (Projected) Range
Min: 2.01   Max: 3.05
Current: 2.3

2.01
3.05
Price/Median PS Value 1.20
V's Price/Median PS Value is ranked higher than
70% of the 119 Companies
in the Global Credit Services industry.

( Industry Median: 1.20 vs. V: 1.20 )
V' s 10-Year Price/Median PS Value Range
Min: 0.67   Max: 2.23
Current: 1.2

0.67
2.23
Price/Peter Lynch Fair Value 1.70
V's Price/Peter Lynch Fair Value is ranked lower than
77% of the 39 Companies
in the Global Credit Services industry.

( Industry Median: 0.70 vs. V: 1.70 )
V' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.89   Max: 2.43
Current: 1.7

0.89
2.43
Price/Graham Number 6.20
V's Price/Graham Number is ranked lower than
77% of the 116 Companies
in the Global Credit Services industry.

( Industry Median: 0.90 vs. V: 6.20 )
V' s 10-Year Price/Graham Number Range
Min: 4.02   Max: 14.41
Current: 6.2

4.02
14.41
Earnings Yield (Greenblatt) 5.70
V's Earnings Yield (Greenblatt) is ranked higher than
66% of the 127 Companies
in the Global Credit Services industry.

( Industry Median: 5.50 vs. V: 5.70 )
V' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.5   Max: 10.9
Current: 5.7

0.5
10.9
Forward Rate of Return (Yacktman) 16.49
V's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 102 Companies
in the Global Credit Services industry.

( Industry Median: 12.04 vs. V: 16.49 )
V' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1   Max: 45.1
Current: 16.49

1
45.1

Business Description

Industry: Credit Services » Credit Services
Compare: » details
Traded in other countries:3V64.Germany
Visa, Inc., is a Delaware Corporation. The Company is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. It owns, manages and promotes a portfolio of well-known, widely-accepted payment brands, including Visa, Visa Electron, PLUS and Interlink, which it licenses to its clients for use in their payment programs. It offers branded payments product platforms, which its clients, mainly financial institutions, use to develop and offer credit, debit, prepaid and cash access programs as well as digital, mobile and eCommerce platforms for customers including individuals, businesses and government entities. It provides transaction processing and value-added services to its clients through VisaNet, Visa Debit Processing Services, Visa Processing Services, CyberSource, PlatSpan and Fundamo. It promotes and enforces a common set of operating regulations adhered to by its clients to ensure the efficient and secure functioning of its payments network and the maintenance and promotion of its brands. It operates an open-loop payments network, a multi-party system in which the Company connects financial institutions, or issuers, that issue cards to cardholders, and acquiring financial institutions, or acquirers, that have the banking relationship with merchants, and manage the exchange of information and value between them. It is subject to regulation of the payments industry in many countries in which its cards are used.

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