Fidelity National Information Services Inc Dossier
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SectorFinancials IndustryTransaction & Payment Processing Services Beta (adjusted)0.86 Intrinsic Value $109.71median of 6 methods · middle span $85-$160based on filings through 30 Jun 2026 Market Price $33.10Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 231% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+231%) Data confidence Sign in to view data confidence Market Cap $17.1B Enterprise Value $33.3B Shares Outstanding 519M diluted Moat Rating None Next Earnings Date4 Nov 2026 Last ex-dividend11 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary FIS combines durable recurring growth, strong Banking Solutions execution, expanding pro forma margins and sharply higher free cash flow with meaningful offsetting concerns. Second-quarter pro forma revenue growth slowed from 6.5% in the first quarter to 5.3%, and management reduced its FY 2026 pro forma revenue, adjusted EBITDA and adjusted EPS outlooks. Debt outstanding was $21.2 billion at June 30, while repurchases and tuck-in acquisitions remain curtailed to prioritize deleveraging. These factors support a balanced Hold assessment. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$37.00 Mean target$51.04 High · most bullish analyst$77.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $37.0021% Organic growth falls below the revised outlook, Capital Market Solutions weakness broadens, acquisition integration or synergy delivery disappoints, and free cash flow misses $2.15 billion. Slower deleveraging would prolong the pause in meaningful repurchases and reduce financial flexibility while debt remains elevated. Base CaseCentral scenario $51.0456% Matches the consensus meanFIS delivers within its revised FY 2026 ranges: 4.5%-5.0% pro forma revenue growth, 5.9%-6.9% pro forma adjusted EBITDA growth, adjusted EPS of $6.15-$6.24 and free cash flow of $2.15-$2.25 billion. Banking Solutions remains the principal growth engine, while Capital Market Solutions grows more slowly and deleveraging limits near-term repurchases. Bull CaseUpside scenario $77.0023% Banking Solutions sustains mid-single-digit or better pro forma growth, Total Issuing Solutions integration remains ahead of plan, favorable mix and cost savings continue expanding margins, and free cash flow reaches the upper end of the revised outlook. Faster progress toward approximately 2.8x gross leverage would improve capital-allocation flexibility. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |