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Fiserv (MIL:1FISV) Cyclically Adjusted Price-to-FCF : 47.67 (As of Dec. 15, 2024)


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What is Fiserv Cyclically Adjusted Price-to-FCF?

As of today (2024-12-15), Fiserv's current share price is €196.86. Fiserv's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €4.13. Fiserv's Cyclically Adjusted Price-to-FCF for today is 47.67.

The historical rank and industry rank for Fiserv's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MIL:1FISV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.04   Med: 38.68   Max: 54.2
Current: 44.19

During the past years, Fiserv's highest Cyclically Adjusted Price-to-FCF was 54.20. The lowest was 27.04. And the median was 38.68.

MIL:1FISV's Cyclically Adjusted Price-to-FCF is ranked worse than
57.96% of 647 companies
in the Software industry
Industry Median: 32.73 vs MIL:1FISV: 44.19

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Fiserv's adjusted free cash flow per share data for the three months ended in Sep. 2024 was €2.867. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €4.13 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiserv Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fiserv's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fiserv Cyclically Adjusted Price-to-FCF Chart

Fiserv Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.21 43.58 33.79 28.00 32.02

Fiserv Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.03 32.02 37.72 34.02 38.79

Competitive Comparison of Fiserv's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, Fiserv's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fiserv's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Fiserv's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fiserv's Cyclically Adjusted Price-to-FCF falls into.



Fiserv Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Fiserv's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=196.86/4.13
=47.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fiserv's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Fiserv's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.867/133.0289*133.0289
=2.867

Current CPI (Sep. 2024) = 133.0289.

Fiserv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.460 99.070 0.618
201503 0.487 99.621 0.650
201506 0.261 100.684 0.345
201509 0.500 100.392 0.663
201512 0.642 99.792 0.856
201603 0.863 100.470 1.143
201606 0.207 101.688 0.271
201609 0.554 101.861 0.724
201612 0.694 101.863 0.906
201703 0.825 102.862 1.067
201706 0.346 103.349 0.445
201709 0.493 104.136 0.630
201712 0.773 104.011 0.989
201803 0.567 105.290 0.716
201806 0.306 106.317 0.383
201809 0.570 106.507 0.712
201812 1.029 105.998 1.291
201903 0.610 107.251 0.757
201906 0.208 108.070 0.256
201909 1.243 108.329 1.526
201912 1.150 108.420 1.411
202003 0.841 108.902 1.027
202006 1.029 108.767 1.259
202009 1.050 109.815 1.272
202012 1.176 109.897 1.424
202103 0.887 111.754 1.056
202106 0.988 114.631 1.147
202109 0.454 115.734 0.522
202112 1.329 117.630 1.503
202203 0.669 121.301 0.734
202206 0.877 125.017 0.933
202209 1.174 125.227 1.247
202212 1.925 125.222 2.045
202303 1.170 127.348 1.222
202306 0.802 128.729 0.829
202309 1.849 129.860 1.894
202312 1.888 129.419 1.941
202403 0.636 131.776 0.642
202406 1.576 132.554 1.582
202409 2.867 133.029 2.867

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Fiserv  (MIL:1FISV) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Fiserv Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Fiserv's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Fiserv Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Fiserv Inc (MIL:1FISV) » Definitions » Cyclically Adjusted Price-to-FCF
Address
255 Fiserv Drive, Brookfield, WI, USA, 53045
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for us banks and credit unions, with a focus on small and midsize banks. Through the merger with First Data in 2019, Fiserv also provides payment processing services for merchants. About 10% of the company's revenue is generated internationally.

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