FISV Fiserv Inc.
Exchange
NASDAQSector
TechnologyIndustry
EDP ServicesMarket Cap.
11.947B
Potential Competitive Advantage over the past 10 years
FISV potentially has a competitive advantage.
This could be strong branding, the ability to keep costs low, or some other characteristic that is hard to replicate.
Look at its future prospects to determine sustainability and whether the economic moat will strengthen.
$11.13 of every $100 of Revenue have been pure profit, on average over the past 10 years.
$11.13 of every $100 of Revenue have been pure profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Net Income | 266.14M | 315.01M | 377.64M | 516.44M | 449.91M | 439.00M | 569.00M | 476.00M | 496.00M | 472.00M |
| divided by | ||||||||||
| Revenue | 2.57B | 3.03B | 3.73B | 4.06B | 4.54B | 3.92B | 4.74B | 4.08B | 4.13B | 4.34B |
| Net Profit Margin | 10.36% | 10.38% | 10.13% | 12.72% | 9.90% | 11.19% | 12.01% | 11.68% | 12.00% | 10.88% |
Varying Pricing Power over the past 10 years
FISV has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold.
However, there is a substantial variation in their Gross Profit Margins from year-to-year, which indicates inconsistent performance.
Look at reasons for this inconsistency to determine the likelihood of future sustainability.
$51.66 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
$51.66 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Gross Profit | 1.97B | 1.77B | 2.54B | 1.26B | 1.33B | 1.29B | 1.72B | 1.70B | 1.75B | 4.34B |
| divided by | ||||||||||
| Revenue | 2.57B | 3.03B | 3.73B | 4.06B | 4.54B | 3.92B | 4.74B | 4.08B | 4.13B | 4.34B |
| Gross Margin | 76.52% | 58.39% | 68.23% | 31.08% | 29.35% | 32.76% | 36.36% | 41.62% | 42.27% | 100.00% |
Medium Capital Intensity over the past 10 years
FISV has used a reasonable amount of their financial resources to invest in facilities and equipment required to produce its goods and services.
This isn't perfect, but it shouldn't be an area of concern unless this number is strongly trending upwards.
40.40% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
40.40% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Capital Expenditure | 141.88M | 143.24M | 161.09M | 164.95M | 187.49M | 160.00M | 199.00M | 198.00M | 175.00M | 192.00M |
| divided by | ||||||||||
| Net Income | 266.14M | 315.01M | 377.64M | 516.44M | 449.91M | 439.00M | 569.00M | 476.00M | 496.00M | 472.00M |
| Capital Expenditure Ratio | 53.31% | 45.47% | 42.66% | 31.94% | 41.67% | 36.45% | 34.97% | 41.60% | 35.28% | 40.68% |