Can FI sustain its earnings growth into 2025?

**Fiserv's (FI) prospects for sustaining earnings growth into 2025 appear positive**, considering the following points:

1. **Consistent Growth History**: Fiserv has demonstrated a history of consistent growth. The company's net income has shown a compound annual growth rate (CAGR) of 10.98% over the last three years, and its diluted EPS has grown at a CAGR of 17.3%. This track record suggests a strong underlying business growth engine.

2. **Positive Market Outlook**: Analysts have a positive outlook on Fiserv, with expectations of revenue growth of 10% to 12% and adjusted earnings per share (EPS) growth of 15% to 17% for 2025. This guidance indicates confidence in Fiserv's ability to continue growing earnings in the near term.
3. **Strategic Acquisitions and Partnerships**: Fiserv's strategic acquisitions, such as the integration of CCV and Payfare, are expected to enhance its growth prospects in Europe and embedded finance solutions, respectively. These moves are likely to contribute to sustained earnings growth by expanding the company's market reach and service offerings.
4. **Financial Ratios Indicating Strength**: Key financial ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio are within reasonable ranges, indicating that the stock may not be overvalued relative to its earnings and sales. This can be a sign of potential for continued earnings growth as the company's profits are not excessively priced in.

|code|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|market_code|
|---|---|---|---|---|---|---|---|
|FI|FI.N|Fiserv|20240401|28.679635|0|3.1356174476176437|169|
|FI|FI.N|Fiserv|20240402|28.625376|0|3.1296851449482532|169|
|FI|FI.N|Fiserv|20240403|28.518666|0|3.109359154621027|169|
|FI|FI.N|Fiserv|20240404|28.017672|0|3.054736343495328|169|
|FI|FI.N|Fiserv|20240405|28.464407|0|3.1034433267012758|169|
|FI|FI.N|Fiserv|20240408|28.549413|0|3.1127114571088854|169|
|FI|FI.N|Fiserv|20240409|28.102679|0|3.064004473902937|169|
|FI|FI.N|Fiserv|20240410|27.813296|0|3.032453391664266|169|
|FI|FI.N|Fiserv|20240411|27.778932|0|3.028706700648424|169|
|FI|FI.N|Fiserv|20240412|27.346666|0|2.981577271554409|169|

5. **Cash Flow and Liquidity**: Fiserv's financial statements show healthy cash flow and liquidity metrics, with operating cash flow of $6.63 billion for the full year 2024, and a current ratio higher than the industry average, suggesting the company has the financial flexibility to invest in growth opportunities.
6. **Market Position and Innovation**: Fiserv's leading position in the payments and financial services technology solutions market, coupled with its innovation in products like Clover, positions it well to capitalize on industry trends and customer needs.

In conclusion, Fiserv's strong historical growth, positive market outlook, strategic initiatives, solid financial ratios, and strong market position all point to a favorable likelihood of sustaining earnings growth into 2025.