---
title: FIS (FIS) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/fis
ticker: FIS
as_of: 2026-10-17
sector: Technology
industry: Information Technology Services
---
# FIS (FIS)

FIS (FIS) closed at $36.01 on Oct 16, 2026, undervalued by 52% vs its model value of $75.66 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $36.01 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $75.66 |
| Price vs model | undervalued by 52% vs model |
| Range of that model | $37.40 – $209.84 |
| Market value | $18.6B |
| P/E (fiscal 2025) | 49.3 |
| Net margin (fiscal 2025) | 3.6% |
| Free cash flow (fiscal 2025) | $2.5B |
| Dividend yield (trailing twelve months) | 4.78% |
| Beta | 0.83 |
| Cost of capital (WACC) | 6.76% |
| Business classification | Dividend Payer (Low/slowing growth (~4% recent), Thin margins (3.6% net margin), Strong dividend yield, Highly cyclical earnings, Strong FCF yield (13.2%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #30 | 4.78% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Highest free cash flow yield | #14 | 13.2% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |
| Worst performing this year | #14 | −45.8% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.78% |
| Dividends per share, last 12 months | $1.72 |
| Dividends / free cash flow (fiscal 2025) | 34.5% |
| Raised | 1 years in a row |
| Growth over 5 years | 2.5% a year |
| Latest payment | $0.44, ex-date Sep 11, 2026, paid Sep 25, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 9, 2021 | $1.52 |
| To Sep 15, 2022 | $1.80 |
| To Sep 7, 2023 | $2.03 |
| To Sep 10, 2024 | $1.60 |
| To Sep 10, 2025 | $1.56 |
| Trailing twelve months (to Sep 11, 2026) | $1.72 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $75.66 | $37.40 | $209.84 |
| DCF · Perpetuity growth · 10y | cross check | $80.45 | $42.13 | $216.44 |
| DCF · EBITDA exit · 5y | cross check | $64.65 | $39.21 | $94.68 |
| DCF · EBITDA exit · 10y | cross check | $70.87 | $43.47 | $107.56 |
| P/E · peers | cross check | $41.78 | $25.50 | $74.02 |
| P/E · own history | cross check | $221.86 | $105.26 | $488.93 |
| PEG | sanity check | $155.00 | $155.00 | $155.00 |
| EV/EBITDA · peers | cross check | $73.21 | $45.88 | $103.44 |
| EV/Revenue · peers | cross check | $51.57 | $44.02 | $75.97 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $29.91 | $20.77 | $48.22 |

## Insider activity (SEC Form 4)

Past 90 days: 1 open-market buy ($57,694) and 0 open-market sales ($0); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 15, 2026 | Goldstein Jeffrey A | Director | Open-market buy (10b5-1 plan) | 1,585 | $57,694 |
| Aug 21, 2026 | Keller Charles H. | Chief Legal Officer | Grant / award | 1,367 | $0 |
| Aug 5, 2026 | Duet Donald Joseph | Chief Technology Officer | Grant / award | 9,478 | $0 |
| Aug 5, 2026 | Keller Charles H. | Chief Legal Officer | Grant / award | 7,106 | $0 |
| Jul 15, 2026 | Goldstein Jeffrey A | Director | Open-market buy (10b5-1 plan) | 1,386 | $57,366.5 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1136893/000113689326000050/fis-20260630.htm |
| Aug 4, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1136893/000113689326000046/fis-20260804.htm |
| Jun 18, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1136893/000119312526276051/d169652d8k.htm |
| Jun 12, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1136893/000119312526269601/d167902d8k.htm |
| May 8, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1136893/000113689326000040/fis-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 49,069,080 | $1.9B |
| Mason Hawkins | 2026-06-30 | 769,137 | $29.9M |
| Bridgewater | 2026-06-30 | 332,616 | $12.9M |
| Robert Olstein | 2026-03-31 | 174,000 | $8.2M |

4 tracked managers in all.

## About

Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide. The company operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. It provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions. The company also offers trading and assets, lending, leveraged and syndicated loan markets, and treasury and risk solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

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Source: https://sweetvaluelab.com/stocks/fis (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.