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Fiserv (Fiserv) Cyclically Adjusted Price-to-FCF : 37.47 (As of Apr. 27, 2024)


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What is Fiserv Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Fiserv's current share price is $155.89. Fiserv's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.16. Fiserv's Cyclically Adjusted Price-to-FCF for today is 37.47.

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

FI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.66   Med: 37.6   Max: 54.2
Current: 37.45

During the past years, Fiserv's highest Cyclically Adjusted Price-to-FCF was 54.20. The lowest was 23.66. And the median was 37.60.

FI's Cyclically Adjusted Price-to-FCF is ranked worse than
58.06% of 670 companies
in the Software industry
Industry Median: 28.305 vs FI: 37.45

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 Mar. 2024 was $0.691. 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 $4.16 for the trailing ten years ended in Mar. 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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 30.08 32.72 28.03 32.02 38.39

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
=155.89/4.16
=37.47

* 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 Mar. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.691/129.4194*129.4194
=0.691

Current CPI (Mar. 2024) = 129.4194.

Fiserv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.389 100.560 0.501
201409 0.627 100.428 0.808
201412 0.567 99.070 0.741
201503 0.527 99.621 0.685
201506 0.293 100.684 0.377
201509 0.561 100.392 0.723
201512 0.699 99.792 0.907
201603 0.961 100.470 1.238
201606 0.233 101.688 0.297
201609 0.622 101.861 0.790
201612 0.732 101.863 0.930
201703 0.883 102.862 1.111
201706 0.388 103.349 0.486
201709 0.587 104.136 0.730
201712 0.915 104.011 1.139
201803 0.700 105.290 0.860
201806 0.358 106.317 0.436
201809 0.665 106.507 0.808
201812 1.170 105.998 1.429
201903 0.689 107.251 0.831
201906 0.235 108.070 0.281
201909 1.369 108.329 1.636
201912 1.278 108.420 1.526
202003 0.929 108.902 1.104
202006 1.159 108.767 1.379
202009 1.236 109.815 1.457
202012 1.431 109.897 1.685
202103 1.056 111.754 1.223
202106 1.191 114.631 1.345
202109 0.535 115.734 0.598
202112 1.501 117.630 1.651
202203 0.736 121.301 0.785
202206 0.927 125.017 0.960
202209 1.163 125.227 1.202
202212 2.039 125.222 2.107
202303 1.253 127.348 1.273
202306 0.869 128.729 0.874
202309 1.973 129.860 1.966
202312 2.059 129.419 2.059
202403 0.691 129.419 0.691

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  (NYSE:FI) 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 (Fiserv) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Fiserv Inc (NYSE:FI) » 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 U.S. 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.
Executives
Suzan Kereere officer: EVP, Head of GBS 255 FISERV DRIVE, BROOKFIELD WI 53045
Robert W. Hau officer: Chief Financial Officer 255 FISERV DRIVE, BROOKFIELD WI 53045
Christopher M Foskett officer: EVP, Global Sales C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
Guy Chiarello officer: Chief Administrative Officer 225 LIBERTY STREET, 29TH FLOOR, NEW YORK NY 10281
Kenneth Best officer: Chief Accounting Officer 255 FISERV DRIVE, BROOKFIELD WI 53045
Charlotte Yarkoni director 255 FISERV DRIVE, BROOKFIELD WI 53045
Valueact Capital Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Harry Disimone director 18 HICKORY DRIVE, OLD BROOKVILLE NY 11545
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Holdings Ii, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Valueact Capital Management, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Va Partners I, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Holdings Gp, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Holdings, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Dylan G. Haggart director ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129