On 12 Nov 2026 our base value for Fidelity National Information Services is $261.11 a share, 820.7% above its $28.36 close; 1 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $261.11 | +820.7% | free cash flow $2.41bn, growth 23.64% for 5 years, then fading to 3% over 5 more, discounted at 9.13%; stress floor — |
| Exit multiple (P/E) | — | — | no exit multiple: the five-year median of 11.5x is 2.4x the 4.8x this name trades at today (limit 1.5x) — the market has re-rated the name, so its own history prices a business it is no longer paid for. The forward PE is not a substitute: it is today's price divided by earnings, and an anchor built from it can only restate the price |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 0.84 (5 years of monthly returns against the S&P 500; standard error 0.26) |
| Peer beta | 0.84 (median of 8 S&P 500 Transaction & Payment Processing Services companies) |
| Blend of own and peers | 0.84 (71% own, 29% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 0.89 (0.67 × 0.84 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 9.13% |
Free cash flow grows 23.64% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $2.41bn | — | — |
| Year 1 | 23.64% | $2.97bn | 0.9163 | $2.73bn |
| Year 2 | 23.64% | $3.68bn | 0.8396 | $3.09bn |
| Year 3 | 23.64% | $4.55bn | 0.7693 | $3.50bn |
| Year 4 | 23.64% | $5.62bn | 0.7049 | $3.96bn |
| Year 5 | 23.64% | $6.95bn | 0.6459 | $4.49bn |
| Year 6 | 20.20% | $8.36bn | 0.5919 | $4.95bn |
| Year 7 | 16.76% | $9.76bn | 0.5423 | $5.29bn |
| Year 8 | 13.32% | $11.06bn | 0.4969 | $5.49bn |
| Year 9 | 9.88% | $12.15bn | 0.4553 | $5.53bn |
| Year 10 | 6.44% | $12.93bn | 0.4172 | $5.39bn |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (9.13% − 3%) | $217.09bn |
| Terminal value in today's money | $90.57bn |
| Present value of years 1–10 | $44.42bn |
| Total present value | $135.00bn |
| Shares outstanding | 517.00m |
| Value per share = total ÷ shares | $261.11 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth 18.64% | Growth 23.64% | Growth 28.64% |
|---|---|---|---|
| 8.13% | $239.97 | $320.43 | $424.99 |
| 9.13% | $196.53 | $261.11 | $344.84 |
| 10.13% | $165.48 | $218.79 | $287.72 |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 0.84 | 8.91% | $272.67 |
| Peer beta | 0.84 | 8.91% | $272.67 |
| Adjusted beta (used) | 0.89 | 9.13% | $261.11 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Discounted cash flow | $261.11 |
One method is kept, so the base value is its value: $261.11
Base value $261.11 a share
One-year price simulation: a 10% chance the price is below $10.86 and a 10% chance it is above $57.74 in a year; a 43% chance it is higher than today's $28.36, from 64.85% volatility. The simulation assumes the price drifts up at our discount rate of 9.13% a year.
At $28.36 the price implies free cash flow growing -13.8% a year for five years and then fading toward 3% over five more; its revenue has grown 23.6%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $32.44 | $86.53 |
| 9 Oct 2026 | $34.04 | $85.82 |
| 16 Oct 2026 | $36.01 | $221.67 |
| 23 Oct 2026 | $37.53 | $225.22 |
| 30 Oct 2026 | $38.55 | $224.24 |
| 6 Nov 2026 | $28.73 | $274.71 |
| 12 Nov 2026 | $28.36 | $261.11 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
Run a full Desk Run on FIS · Fidelity National Information Services company page · Call and put prices