CDW Corp (CDW) is undervalued and Fidelity National Information Services Inc (FIS) is undervalued.
Against our estimates of intrinsic value, FIS trades at the wider discount: a margin of safety of +71%, against +31% for CDW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $214.88; the price of $147.43 is 31% below that value, and 75% of that value comes from beyond year five.
Leak Score 80/100 on 10 of 12 signals
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $121.43; the price of $34.96 is 71% below that value, and 81% of that value comes from beyond year five.
Leak Score 58/100 on 8 of 12 signals
| Metric | CDW | FIS |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $147.43 | $34.96 |
| Intrinsic value | $214.88 | $121.43 |
| Margin of safety | +31% | +71% |
| Leak Score | 80/100 (10/12) | 58/100 (8/12) |
| Market cap | $18.4B | $18.0B |
| Revenue growth, 5 years | 4.0% | -3.2% |
| Operating margin | 7.2% | 23.0% |
| Net margin | 4.6% | 27.6% |
| Return on equity | 44.0% | 22.3% |
| Debt to equity | 2.63 | 1.33 |
| P/E | 17.7x | 5.4x |
| Forward P/E | 12.3x | 5.2x |
| P/B | 7.6x | 1.1x |
| Dividend yield | 1.7% | 5.2% |