Fiserv Inc (FI)

Services-Business Services, NEC

Latest Price

$63.80

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $6.34

Book value / share: $46.98

Formula: √(22.5 × EPS × BVPS)

Graham Number

$81.86

+28% upside

Norm. op. income: $3.7B (median of 7yr)

Tax rate: 19%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$3.87

94% downside

Base FCF: $3.8B (median of recent 5yr)

Growth: 15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$189.94

+198% upside

EPS: $6.34

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$95.10

+49% upside