# Fiserv CDR (CAD Hedged) (FISV.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / IT Services. Price C$5.84, market value C$41.4 billion.

## Valuation
- **P/E (trailing): 11.0×** (5-yr avg 14.5×, 3-yr avg 14.5×). Fiserv CDR (CAD Hedged) trades at 11.0× trailing earnings, well below its own five-year average of 14.5×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.6×**. Enterprise value is 8.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 9.5%** (5-yr avg 8.5%). Free cash flow equals 9.5% of the market value, in line with its five-year average of 8.5%. Above 5% is generally attractive.
- **Earnings yield: 9.1%**. The inverse of the P/E: 9.1% of the price is earned each year.

## Profitability
- **Gross margin: 56.2%**. Fiserv CDR (CAD Hedged) keeps 56.2% of revenue after the direct cost of what it sells.
- **Operating margin: 21.4%**. 21.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 16.4%**. 16.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.5%**. 13.5% on shareholders' equity is solid.
- **Return on invested capital: 6.9%**. Return on all capital, debt included, is 6.9%.
- **Return on assets: 3.5%**. Each dollar of assets produces 3.5% of profit.

## Growth
- **Revenue growth (1 yr): 3.6%** (3-yr 6.1%/yr). Revenue grew 3.6% over the last year.
- **EPS growth (1 yr): 17.8%** (3-yr 17.5%/yr). Earnings per share rose 17.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 11.1%/yr**. Free cash flow has compounded at 11.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 1.13**. Debt is 1.13 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.5×**. It would take 3.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.9×**. Operating profit covers interest 2.9×, thin but manageable.
- **Current ratio: 1.03** (quick 1.03). Current assets cover the next year's liabilities 1.03 times.
- **Altman Z-score: 1.35**. A Z-score of 1.35 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Fiserv CDR (CAD Hedged) does not currently pay a dividend, but it returned 3.9% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -18.8%** (31.5% above the low). Trading 19% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.47** (volatility 41%). Beta of 0.47 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FISV.TO · Page: https://foliofundamentals.com/stocks/fisv.to

Not investment advice.