# Fidelity National Information Services, Inc. (FIS) — Stock CV

Fidelity National Information Services, Inc. is a $17.6B technology company. Revenue grew 18.2% over the last year, it keeps 28¢ of every dollar of sales as profit, and its net debt equals ~4.0 years of free cash flow. It trades at 5.2× earnings — near the lowest of its own history.

> Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms.

## Identity

- **Ticker**: FIS
- **Sector**: Technology
- **Industry**: Services-Business Services, Nec
- **Headquarters**: JACKSONVILLE, FL
- **Employees**: 44 000
- **Website**: https://www.fisglobal.com
- **Market cap**: $17.6B
- **Last price**: $34.08
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $12.2B
- **Net income**: $3.37B
- **Free cash flow**: $2.82B
- **Net debt**: $11.2B
- **P/E**: 5.2
- **Revenue growth (YoY)**: 18.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 25 |
| Profitability | 70 |
| Health | 33 |
| Quality | 87 |
| Moat | 38 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +18.2% YoY
- [x] Profitable — $3.37B TTM
- [x] Profit growing — +23.6% YoY
- [x] Generates cash — $2.82B TTM
- [x] Debt under control — ~4.0y of cash flow to repay
- [x] Established company — $17.6B market cap
- [x] Not printing shares — -16.3% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — Altman Z -0.2 — distress
- [x] Pays a dividend — yield 4.98%
- [x] Valuation not extreme — P/E 5.2

## Experience (career milestones)

- **FY2024** — Best year on record: $1.45B net income
- **FY2019** — Revenue crossed $10B: $10.3B for the year
- **FY2016** — First recorded profitable year: $568M net income
- **FY2016** — Revenue already above $1B: $9.24B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Strongly profitable — 27.6% net margin
- Revenue growing 18.2% year over year
- Strong cash conversion — FCF is 23.1% of revenue
- Interest covered 393.0× by operating earnings

## Watch-outs

- Altman Z-Score -0.18 — elevated financial-distress risk
- Net debt would take ~7.3 years of free cash flow to repay
- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $13.9B | $417M | $4.49B |
| FY2022 | $14.5B | -$16.7B | $3.67B |
| FY2023 | $9.82B | -$6.65B | $4.19B |
| FY2024 | $10.1B | $1.45B | $2.08B |
| FY2025 | $10.7B | $382M | $2.45B |

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Source: https://stockcv.com/FIS — derived from company filings; may be delayed or incomplete. Information, not investment advice.