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Fiserv (FRA:FIV) Cyclically Adjusted Price-to-FCF : 36.96 (As of May. 14, 2024)


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What is Fiserv Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Fiserv's current share price is €141.92. Fiserv's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.84. Fiserv's Cyclically Adjusted Price-to-FCF for today is 36.96.

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

FRA:FIV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.66   Med: 37.6   Max: 54.2
Current: 36.81

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.

FRA:FIV's Cyclically Adjusted Price-to-FCF is ranked worse than
58.11% of 678 companies
in the Software industry
Industry Median: 28.945 vs FRA:FIV: 36.81

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 €0.636. 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 €3.84 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
=141.92/3.84
=36.96

* 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)
=0.636/129.4194*129.4194
=0.636

Current CPI (Mar. 2024) = 129.4194.

Fiserv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.286 100.560 0.368
201409 0.487 100.428 0.628
201412 0.460 99.070 0.601
201503 0.487 99.621 0.633
201506 0.261 100.684 0.335
201509 0.500 100.392 0.645
201512 0.642 99.792 0.833
201603 0.863 100.470 1.112
201606 0.207 101.688 0.263
201609 0.554 101.861 0.704
201612 0.694 101.863 0.882
201703 0.825 102.862 1.038
201706 0.346 103.349 0.433
201709 0.493 104.136 0.613
201712 0.773 104.011 0.962
201803 0.567 105.290 0.697
201806 0.306 106.317 0.372
201809 0.570 106.507 0.693
201812 1.029 105.998 1.256
201903 0.610 107.251 0.736
201906 0.208 108.070 0.249
201909 1.243 108.329 1.485
201912 1.150 108.420 1.373
202003 0.841 108.902 0.999
202006 1.029 108.767 1.224
202009 1.050 109.815 1.237
202012 1.176 109.897 1.385
202103 0.887 111.754 1.027
202106 0.988 114.631 1.115
202109 0.454 115.734 0.508
202112 1.329 117.630 1.462
202203 0.669 121.301 0.714
202206 0.877 125.017 0.908
202209 1.174 125.227 1.213
202212 1.925 125.222 1.990
202303 1.170 127.348 1.189
202306 0.802 128.729 0.806
202309 1.849 129.860 1.843
202312 1.888 129.419 1.888
202403 0.636 129.419 0.636

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  (FRA:FIV) 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 (FRA:FIV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Fiserv Inc (FRA:FIV) » 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.

Fiserv (FRA:FIV) Headlines

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