What is Fiserv Inc worth?
With the base-case assumptions below, a discounted cash flow model on Fiserv Inc's reported free cash flow gives $116.19 per share. The share price was $46.48 on September 25, 2026, 60% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 2.5% | 10.0% | $53.82 | +16% |
| Base | 7.5% | 9.0% | $116.19 | +150% |
| Bull | 12.5% | 8.0% | $240.53 | +417% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $162.54 | $176.73 | $194.07 | $215.75 | $243.62 |
| 8.0% | $127.92 | $137.12 | $148.00 | $161.05 | $177.00 |
| 9.0% | $102.64 | $108.93 | $116.19 | $124.66 | $134.67 |
| 10.0% | $83.39 | $87.86 | $92.93 | $98.73 | $105.41 |
| 11.0% | $68.26 | $71.54 | $75.21 | $79.33 | $84.00 |
Where the presets come from
Base: years 1 to 5 grow at Fiserv Inc's revenue growth rate over the last 5 fiscal years (7.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions