DETAILS Index Membership: S&P 400 MidCap S&P 1500 Super Comp Sector: Financial Industry: Surety & Title Insurance Full Time Employees: 13,700 BUSINESS SUMMARY Fidelity National Financial, Inc., through its subsidiaries, provides title insurance, specialty insurance, claims management, and information services in the United States. The company primarily provides title insurance, escrow, and other title related services, including collection and trust activities, trustee?s sales guarantees, recordings, and reconveyances. It also offers flood, home warranty, homeowners?, automobile, and personal lines insurance policies. In addition, the company provides outsourced insurance claims management services to corporate and public sector entities, as well as offers information services in the human resources, retail, and transportation markets. It markets and distributes title and escrow products and services to national residential mortgage lenders, real estate investment trusts, and developers in the residential and commercial market sectors of the real estate industry. The company markets its specialty insurance products through an in-house agency, independent agents, and brokers. Fidelity National Financial, Inc. is headquartered in Jacksonville, Florida. Key Statistics Get Key Statistics for: Data provided by Capital IQ, except where noted. VALUATION MEASURES Market Cap (intraday)5: 3.25B Enterprise Value (10-May-09)3: -86.59M Trailing P/E (ttm, intraday): N/A Forward P/E (fye 31-Dec-10) 1: 8.98 PEG Ratio (5 yr expected): 0.83 Price/Sales (ttm): 0.71 Price/Book (mrq): 1.17 Enterprise Value/Revenue (ttm)3: -0.02 Enterprise Value/EBITDA (ttm)3: 0.56 FINANCIAL HIGHLIGHTS Fiscal Year Fiscal Year Ends: 31-Dec Most Recent Quarter (mrq): 31-Mar-09 Profitability Profit Margin (ttm): -4.79% Operating Margin (ttm): -5.36% Management Effectiveness Return on Assets (ttm): -1.95% Return on Equity (ttm): -7.37% Income Statement Revenue (ttm): 4.56B Revenue Per Share (ttm): 21.67 Qtrly Revenue Growth (yoy): 19.30% Gross Profit (ttm): 546.56M EBITDA (ttm): -154.60M Net Income Avl to Common (ttm): -220.56M Diluted EPS (ttm): -1.04 Qtrly Earnings Growth (yoy): N/A Balance Sheet Total Cash (mrq): 4.64B Total Cash Per Share (mrq): 21.785 Total Debt (mrq): 1.30B Total Debt/Equity (mrq): N/A Current Ratio (mrq): 1.695 Book Value Per Share (mrq): 12.921 Cash Flow Statement Operating Cash Flow (ttm): N/A Levered Free Cash Flow (ttm): N/A TRADING INFORMATION Stock Price History Beta: 0.59 52-Week Change3: -9.38% S&P500 52-Week Change3: -33.07% 52-Week High (09-Apr-09)3: 22.85 52-Week Low (21-Nov-08)3: 6.66 50-Day Moving Average3: 19.10 200-Day Moving Average3: 15.51 Share Statistics Average Volume (3 month)3: 4,624,590 Average Volume (10 day)3: 6,003,170 Shares Outstanding5: 213.18M Float: 198.48M % Held by Insiders1: 5.27% % Held by Institutions1: 68.10% Shares Short (as of 09-Apr-09)3: 6.01M Short Ratio (as of 09-Apr-09)3: 1.7 Short % of Float (as of 09-Apr-09)3: 3.00% Shares Short (prior month)3: 5.88M Dividends & Splits Forward Annual Dividend Rate4: 0.60 Forward Annual Dividend Yield4: 3.90% Trailing Annual Dividend Rate3: 0.90 Trailing Annual Dividend Yield3: 5.90% 5 Year Average Dividend Yield4: N/A Payout Ratio4: N/A Dividend Date3: 29-Jun-09 Ex-Dividend Date4: 12-Jun-09 Last Split Factor (new per old)2: N/A Last Split Date3: N/A PERIOD ENDING 31-Dec-08 30-Sep-08 30-Jun-08 31-Mar-08 Total Revenue 1,006,692 1,005,445 1,178,983 1,137,975 Cost of Revenue 3,782,536 (728,132) 98,384 629,748 Gross Profit (2,775,844) 1,733,577 1,080,599 508,227 Operating Expenses Research Development - - - - Selling General and Administrative (2,874,411) 1,629,876 916,526 328,009 Non Recurring 630,404 - - - Others (527,278) 410,494 135,143 124,400 Total Operating Expenses - - - - Operating Income or Loss (4,559) (306,793) 28,930 55,818 Income from Continuing Operations Total Other Income/Expenses Net - - - - Earnings Before Interest And Taxes (4,559) (306,793) 28,930 55,818 Interest Expense 17,854 16,081 16,218 18,636 Income Before Tax (22,413) (322,874) 12,712 37,182 Income Tax Expense (13,396) (125,488) 1,167 12,175 Minority Interest 123 1,801 914 1,372 Net Income From Continuing Ops (14,884) (198,302) 6,925 27,245 Non-recurring Events Discontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - Other Items - - - - Net Income (14,884) (198,302) 6,925 27,245 Preferred Stock And Other Adjustments - - - - Net Income Applicable To Common Shares ($14,884) ($198,302) $6,925 $27,245 PERIOD ENDING 31-Dec-08 30-Sep-08 30-Jun-08 31-Mar-08 Assets Current Assets Cash And Cash Equivalents 315,297 479,656 495,120 593,439 Short Term Investments 788,350 648,545 499,048 496,059 Net Receivables 406,063 402,888 297,121 286,603 Inventory - - - - Other Current Assets - - - - Total Current Assets - - - - Long Term Investments 3,588,143 3,068,074 3,268,326 3,442,882 Property Plant and Equipment 307,155 260,184 247,804 250,579 Goodwill 1,581,658 1,351,106 1,338,274 1,338,571 Intangible Assets 609,829 523,891 533,245 537,408 Accumulated Amortization - - - - Other Assets 632,527 579,520 569,198 529,807 Deferred Long Term Asset Charges 139,218 - - - Total Assets 8,368,240 7,313,864 7,248,136 7,475,348 Liabilities Current Liabilities Accounts Payable 838,898 700,502 684,961 735,318 Short/Current Long Term Debt - - - - Other Current Liabilities 474,073 589,476 643,916 - Total Current Liabilities - - - - Long Term Debt 1,350,849 1,356,023 1,196,907 1,182,299 Other Liabilities 2,738,625 1,634,557 1,394,921 2,098,123 Deferred Long Term Liability Charges 109,023 167,004 169,176 176,576 Minority Interest 51,199 45,554 48,594 51,958 Negative Goodwill - - - - Total Liabilities 5,562,667 4,493,116 4,138,475 4,244,274 Stockholders' Equity Misc Stocks Options Warrants - - - - Redeemable Preferred Stock - - - - Preferred Stock - - - - Common Stock 23 22 22 22 Retained Earnings (188,954) (142,303) 119,344 176,193 Treasury Stock (238,948) (235,271) (222,432) (189,273) Capital Surplus 3,325,209 3,268,420 3,259,590 3,246,671 Other Stockholder Equity (91,757) (70,120) (46,863) (2,539) Total Stockholder Equity 2,805,573 2,820,748 3,109,661 3,231,074 Net Tangible Assets $614,086 $945,751 $1,238,142 $1,355,095 PERIOD ENDING 31-Dec-08 30-Sep-08 30-Jun-08 31-Mar-08 Net Income (14,884) (198,302) 6,925 27,245 Operating Activities, Cash Flows Provided By or Used In Depreciation 36,080 35,068 34,716 36,895 Adjustments To Net Income 24,032 50,822 (6,471) (4,631) Changes In Accounts Receivables 8,257 22,831 (5,273) 1,811 Changes In Liabilities (56,569) 209,690 19,589 (85,382) Changes In Inventories - - - - Changes In Other Operating Activities 63,548 (113,948) (36,648) (50,814) Total Cash Flow From Operating Activities 60,464 6,161 12,838 (74,876) Investing Activities, Cash Flows Provided By or Used In Capital Expenditures (25,212) (27,795) (17,867) (13,309) Investments 134,502 (44,478) (46,199) 124,149 Other Cashflows from Investing Activities (137,946) (7,704) 42,685 (5,752) Total Cash Flows From Investing Activities (28,656) (79,977) (21,381) 105,088 Financing Activities, Cash Flows Provided By or Used In Dividends Paid (32,168) (64,305) (65,733) (64,405) Sale Purchase of Stock 639 (12,679) (30,606) 2,025 Net Borrowings (71,101) 158,981 14,537 14,489 Other Cash Flows from Financing Activities (2,781) 397 1,833 848 Total Cash Flows From Financing Activities (105,411) 82,394 (79,969) (47,043) Effect Of Exchange Rate Changes - - - - Change In Cash and Cash Equivalents ($73,603) $8,578 ($88,512) ($16,831)
$15.26 (05/10/09)
