FIS Stock Fair Value Calculation – FIDELITY NATIONAL INFORMATION SERVICES Reports Strong Earnings Results for FY2023 Q2
August 7, 2023
☀️Earnings Overview
FIDELITY NATIONAL INFORMATION SERVICES ($NYSE:FIS) released its financial report for the second quarter of FY2023, ending on June 30 2023, on August 2 2023. The total revenue for the quarter was USD 3746.0 million, representing a 0.7% rise from the previous year’s quarter. The net income, however, decreased to USD -6596.0 million from USD 277.0 million in the prior year.
Share Price
FIDELITY NATIONAL INFORMATION SERVICES (FNIS) reported strong earnings results for the second quarter of fiscal year 2023. On Wednesday, the stock opened at $62.2 and closed at $59.5, a decrease of 2.6% from the previous closing price of 61.1. The company was able to achieve these impressive results due to its focus on technology investments and strategic acquisitions made throughout the year.
Fidelity National Information Services is well-positioned for future growth, as the company continues to invest in technology, drive organic growth through product development, and capitalize on potential acquisition opportunities. Despite a slight decrease in stock price on Wednesday, the strong results reported this quarter bode well for the future performance of FNIS. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FIS. More…
| Total Revenues | Net Income | Net Margin |
| 14.57k | -23.57k | -61.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FIS. More…
| Operations | Investing | Financing |
| 3.74k | -835 | -2.67k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FIS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 53.57k | 33.3k | 34.23 |
Key Ratios Snapshot
Some of the financial key ratios for FIS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | 53.8% | -155.7% |
| FCF Margin | ROE | ROA |
| 17.5% | -59.9% | -26.5% |
Analysis – FIS Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis on the fundamentals of FIDELITY NATIONAL INFORMATION SERVICES. According to our proprietary Valuation Line, the fair value of FIDELITY NATIONAL INFORMATION SERVICES shares is around $117.7. Currently, FIDELITY NATIONAL INFORMATION SERVICES stock is trading at $59.5, which implies a 49.4% undervaluation in the market. More…
Peers
The competition among Fidelity National Information Services Inc and its competitors is intense. Fidelity National Information Services Inc is the largest provider of mortgage services in the United States. Its main competitors are Excel Corp, Usio Inc, and Fiserv Inc.
– Excel Corp ($OTCPK:EXCC)
Excel Corp is a publicly traded company with a market capitalization of 348.37k as of 2022. The company has a Return on Equity of -31.97%. Excel Corp is engaged in the business of providing software and services to businesses and individuals worldwide. The company’s products include Microsoft Office, Windows, and other software applications. Excel Corp also provides cloud computing services, including Microsoft Azure and Office 365.
– Usio Inc ($NASDAQ:USIO)
Usio Inc is a provider of electronic payment processing services. The company has a market cap of 48.61M as of 2022 and a Return on Equity of -11.61%. Usio Inc offers a range of services including credit and debit card processing, ACH processing, check processing, and gift card services. The company also provides merchant services, such as point-of-sale solutions, mobile commerce, and eCommerce solutions.
– Fiserv Inc ($NASDAQ:FISV)
Fiserv, Inc. is a leading global provider of financial services technology solutions. The company serves more than 24,000 clients in over 80 countries, including banks, credit unions, securities processing organizations, insurance companies, finance companies and mortgage lenders. Fiserv provides software, services and outsourcing of processing to clients in the United States and internationally. The company’s products and services include account processing, e-commerce and electronic banking, card services, check processing and imaging, cash management, loan origination and servicing, document management and imaging, and payment solutions.
Summary
Fidelity National Information Services (FNIS) reported its earnings results for FY2023 Q2, showing total revenue of USD 3746.0 million, a 0.7% increase from the same period last year.
However, net income was USD -6596.0 million, compared to USD 277.0 million in the prior year. Investors should be aware of this relatively poor performance and consider the potential risks and rewards when investing in FNIS. Generally speaking, there are opportunities to benefit from FNIS’s progress and potential growth, but investors should be mindful of the substantial risks involved. Furthermore, investors should watch for changing economic conditions and keep up to date with the latest news and developments surrounding FNIS.
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