Fiserv, Inc.

: equity valuation

Abstract

An Equity Valuation is more than a simple recommendation at the end of an estimated process, is an equity investment decision founded on a powerful understanding of the company and its environment. The purpose of this dissertation is to find the equity value of Fiserv, Inc., a leader in providing financial services technology, through combining both theory and practice, considering all methods available and selecting those that suggest being more suitable for this company, considering this explicit period. Two valuation methods, Discounted Cash Flow and Relative Valuation through peer group multiples, are designed and computed and the outcome is then compared to an investment report. This study is of the highest relevance in consideration of the fact of the stock market system being relied upon equity valuation. The results suggest that Fiserv’s shares will be priced above their true value by December 31st,2020, with a price of $126,78. The value of one unit of common stock is trading at $102,38, on the August, 9th, 2020. Therefore, the recommendation is to buy the stock at this time.Comparing to the Investment Report, the estimation of a unit of Fiserv’s common stock is evaluated at $120,53.

Date of Award	12 Oct 2020
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	José Carlos Tudela Martins (Supervisor)