Equifax Inc Stock Research

Market Summary

USD198.27+2.85

Delayedas of 29 Mar 2023, 10:20 am

1.46%

EFX Stock Price

EFX RSI Chart

EFX Valuation

Market Cap

23.9B

Price/Earnings (Trailing)

34.39

Price/Sales (Trailing)

4.67

EV/EBITDA

17.31

Price/Free Cashflow

31.62

EFX Price/Sales (Trailing)

EFX Profitability

EBT Margin

18.15%

Return on Equity

17.6%

Return on Assets

6.03%

Free Cashflow Yield

3.16%

EFX Fundamentals

EFX Revenue

Revenue (TTM)

5.1B

Revenue Y/Y

-4.41%

Revenue Q/Q

-3.73%

EFX Earnings

Earnings (TTM)

696.2M

Earnings Y/Y

-11.38%

Earnings Q/Q

-34.7%

Price Action

52 Week Range

145.69242.01

(Low)(High)

Last 7 days

-3.7%

Last 30 days

-2.4%

Last 90 days

2.7%

Trailing 12 Months

-17.6%

EFX Financial Health

Current Ratio

0.68

Debt/Equity

1.34

Debt/Cashflow

0.14

EFX Investor Care

Dividend Yield

0.8%

Dividend/Share (TTM)

1.56

Shares Dilution (1Y)

0.33%

Diluted EPS (TTM)

5.65

Peers (Alternatives to Equifax)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
VRSK	29.0B	2.5B	9.33%	-11.30%	30.44	11.63	1.40%	43.19%
EFX	23.9B	5.1B	-2.36%	-17.62%	34.39	4.67	4.03%	-6.45%
TRU	11.2B	3.7B	-11.05%	-43.26%	37.59	2.99	26.46%	-78.55%
NLSN	10.1B	3.5B	0.43%	43.61%	18.72	2.84	-17.23%	-31.38%
MID-CAP
RHI	8.2B	7.2B	-2.89%	-33.82%	12.49	1.14	12.02%	9.90%
TNET	4.7B	4.9B	-8.15%	-20.57%	13.17	0.96	7.60%	5.03%
KFRC	4.6B	1.7B	1.28%	-14.18%	60.84	2.68	8.28%	0.34%
MAN	4.1B	19.8B	-5.70%	-15.64%	10.98	0.21	-4.33%	-2.25%
ASGN	4.0B	4.6B	-9.04%	-30.02%	14.85	0.87	14.26%	-34.59%
CBZ	2.5B	1.4B	-3.85%	21.33%	23.32	1.74	27.79%	48.62%
SMALL-CAP
UPWK	1.4B	618.3M	-3.18%	-54.90%	-15.71	2.28	22.98%	-59.82%
BBSI	600.0M	1.1B	-9.77%	14.64%	12.69	0.57	10.38%	24.13%
HSII	590.9M	1.1B	-0.50%	-22.95%	7.43	0.55	7.45%	9.53%
TBI	571.5M	2.3B	-6.98%	-40.04%	9.18	0.25	3.71%	1.04%

Financials for Equifax

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.1%	5,122	5,177	5,156	5,074	4,924
S&GA Expenses	-0.2%	1,329	1,332	1,358	1,356	1,325
Costs and Expenses	0.5%	4,066	4,045	3,994	3,910	3,786
EBITDA	1.8%	1,673	1,643	1,653	1,636	-
EBITDA Margin	2.9%	0.33*	0.32*	0.32*	0.32*	-
Earnings Before Taxes	0.3%	930	927	972	985	949
EBT Margin	1.4%	0.18*	0.18*	0.19*	0.19*	-
Interest Expenses	9.6%	183	167	155	148	146
Net Income	-2.0%	696	710	750	764	744
Net Income Margin	-0.9%	0.14*	0.14*	0.15*	0.15*	-
Free Cahsflow	-7.3%	757	817	861	993	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.1%	11,548	11,308	11,221	11,392	11,041
Current Assets	5.8%	1,371	1,295	1,353	1,264	1,121
Cash Equivalents	18.0%	285	242	224	201	225
Net PPE	6.7%	1,587	1,487	1,434	1,383	1,316
Goodwill	1.3%	6,384	6,304	6,239	6,378	6,258
Liabilities	0.6%	7,575	7,532	7,400	7,541	7,440
Current Liabilities	-0.2%	2,015	2,019	2,633	2,343	2,291
Long Term Debt	12.8%	5,300	4,700	4,900	5,325	-
LT Debt, Non Current	0.0%	4,820	4,819	4,074	4,472	4,470
Shareholder's Equity	5.3%	3,957	3,759	3,821	3,851	3,584
Retained Earnings	1.2%	5,256	5,196	5,078	4,926	4,752
Additional Paid-In Capital	0.9%	1,594	1,580	1,563	1,549	1,537
Accumulated Depreciation	3.1%	1,095	1,062	1,034	1,018	961
Shares Outstanding	0.1%	123	122	122	122	122
Minority Interest	1.2%	17.00	17.00	16.00	17.00	17.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-7.3%	757	817	861	993	1,335
Share Based Compensation	3.5%	63.00	61.00	58.00	57.00	55.00
Cashflow From Investing	65.3%	-959	-2,765	-2,631	-2,692	-3,398
Cashflow From Financing	42.7%	274	192	1,563	1,151	618
Dividend Payments	0.2%	191	191	191	190	190
Buy Backs	NaN%	0.00	0.00	0.00	36.00	70.00

Risks for EFX

What is the probability of a big loss on EFX?

76.9%

Probability that Equifax stock will be more than 20% underwater in next one year

60.8%

Probability that Equifax stock will be more than 30% underwater in next one year.

11.2%

Probability that Equifax stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EFX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Equifax was unfortunately bought at previous high price.

Drawdowns

Returns for EFX

Cumulative Returns on EFX

14.3%

10-Year Cumulative Returns

9.3%

7-Year Cumulative Returns

11.7%

5-Year Cumulative Returns

18.7%

3-Year Cumulative Returns

What are the long-term rolling returns for EFX?

FIve years rolling returns for Equifax.

Annualized Returns

Which funds bought or sold EFX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-1.76	682,812	6,681,320	0.05%
2023-03-17	American Portfolios Advisors	reduced	-1.39	-1,977	24,343	-%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	13.79	101,539	455,539	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	16.36	2,787,880	11,520,900	0.01%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-56.09	-224,032	271,968	0.02%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	1.83	2,779,060	20,764,100	1.29%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-8.25	12,000	315,000	-%
2023-03-06	Aldebaran Financial Inc.	unchanged	-	209,138	1,856,140	1.99%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	reduced	-1.49	1,828	12,828	0.01%
2023-02-28	Voya Investment Management LLC	added	1.93	1,585,330	11,774,300	0.02%

Latest Funds Activity

Are funds buying EFX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own EFX

No. of Funds

Equifax News

Schedule 13G FIlings of Equifax

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	t. rowe price investment management, inc.	7.3%	8,935,666	SC 13G
Feb 13, 2023	capital international investors	6.1%	7,524,775	SC 13G
Feb 09, 2023	vanguard group inc	11.05%	13,532,743	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	9.4%	11,567,998	SC 13G/A
Feb 07, 2023	blackrock inc.	6.9%	8,452,346	SC 13G/A
May 02, 2022	massachusetts financial services co /ma/	10.4%	12,740,177	SC 13G/A
Feb 14, 2022	generation investment management llp	1.80%	2,200,635	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	3.5%	4,275,173	SC 13G/A
Feb 11, 2022	capital international investors	4.4%	5,392,909	SC 13G/A
Feb 10, 2022	vanguard group inc	10.56%	12,880,896	SC 13G/A

EFX Fair Value

Equifax fair value in different scenarios

The table shows the Fair Value estimates for Equifax for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	73.58 -62.89%	92.29 -53.45%	124.25 -37.33%	162.53 -18.03%	207.26 4.53%
Current Inflation	68.11 -65.65%	84.19 -57.54%	111.16 -43.94%	143.38 -27.68%	181.05 -8.69%
Very High Inflation	61.32 -69.07%	74.36 -62.50%	95.63 -51.77%	121.03 -38.96%	150.75 -23.97%

Historical Equifax Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Equifax

View All Filings

Date Filed	Form Type	Document
Mar 23, 2023	ARS	ARS
Mar 23, 2023	DEF 14A	DEF 14A
Mar 23, 2023	DEFA14A	DEFA14A
Mar 07, 2023	425	Prospectus Filed
Mar 06, 2023	S-4	Mergers and Acquisition
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading

Latest Insider Trading transactions for EFX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-21	Ploder Rodolfo O	acquired	-	-	4,184	evp, pres workforce solutions
2023-02-21	Ploder Rodolfo O	sold (taxes)	-542,950	203	-2,664	evp, pres workforce solutions
2023-02-21	Farshchi Jamil	acquired	-	-	3,426	evp, ciso
2023-02-21	Begor Mark W	acquired	-	-	30,816	ceo
2023-02-21	KELLEY JOHN J III	acquired	-	-	4,567	evp, chief legal officer
2023-02-21	Chaney Carla	acquired	-	-	2,853	evp, chief hr officer
2023-02-21	Chaney Carla	sold (taxes)	-372,972	203	-1,830	evp, chief hr officer
2023-02-21	Farshchi Jamil	sold (taxes)	-447,974	203	-2,198	evp, ciso
2023-02-21	Houston Julia A	acquired	-	-	2,663	evp, strategy & mktg officer
2023-02-21	Houston Julia A	sold (taxes)	-348,311	203	-1,709	evp, strategy & mktg officer

About Equifax

Mark W. Begor

www.equifax.com

12700

Equifax Inc. provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products. The USIS segment provides consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage services; financial marketing services; identity management services; credit monitoring products; and online information, decisioning technology solutions, as well as portfolio management, mortgage reporting, and consumer credit information services. The International segment offers information service products, which include consumer and commercial services, such as credit and financial information, and credit scoring and modeling; and credit and other marketing products and services, as well as offers information, technology, and other services to support debt collections and recovery management. The company serves customers in financial services, mortgage, employers, consumer, commercial, telecommunication, retail, automotive, utility, brokerage, healthcare, and insurance industries, as well as state, federal, and local governments. It operates in the United States, Canada, Australia, New Zealand, India, the United Kingdom, Spain, Portugal, Argentina, Chile, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru, Uruguay, Brazil, the Republic of Ireland, Russia, Cambodia, Malaysia, Singapore, and the United Arab Emirates. The company was founded in 1899 and is headquartered in Atlanta, Georgia.

EFX Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Operating revenue	$ 5,122.2	$ 4,923.9	$ 4,127.5
Operating expenses:
Cost of services (exclusive of depreciation and amortization below)	2,177.2	1,980.9	1,737.4
Selling, general and administrative expenses	1,328.9	1,324.6	1,322.5
Depreciation and amortization	560.1	480.4	391.0
Total operating expenses	4,066.2	3,785.9	3,450.9
Operating income	1,056.0	1,138.0	676.6
Interest expense	(183.0)	(145.6)	(141.6)
Other income (expense), net	56.7	(43.2)	150.2
Consolidated income before income taxes	929.7	949.2	685.2
Provision for income taxes	(229.5)	(200.7)	(159.0)
Consolidated net income	700.2	748.5	526.2
Less: Net income attributable to noncontrolling interests including redeemable noncontrolling interests	(4.0)	(4.3)	(6.1)
Net income attributable to Equifax	$ 696.2	$ 744.2	$ 520.1
Basic earnings per common share:
Net income attributable to Equifax (in dollars per share)	$ 5.69	$ 6.11	$ 4.28
Weighted-average shares used in computing basic earnings per share (in shares)	122.4	121.9	121.5
Diluted earnings per common share:
Net income attributable to Equifax (in dollars per share)	$ 5.65	$ 6.02	$ 4.24
Weighted-average shares used in computing diluted earnings per share (in shares)	123.3	123.6	122.8
Dividends per common share (in dollars per share)	$ 1.56	$ 1.56	$ 1.56

EFX Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 285.2	$ 224.7
Trade accounts receivable, net of allowance for doubtful accounts of $19.1 and $13.9 at December 31, 2022 and 2021, respectively	857.7	727.6
Prepaid expenses	134.3	108.4
Other current assets	93.3	60.2
Total current assets	1,370.5	1,120.9
Property and equipment:
Capitalized internal-use software and system costs	2,139.1	1,727.3
Data processing equipment and furniture	281.4	299.6
Land, buildings and improvements	261.6	250.3
Total property and equipment	2,682.1	2,277.2
Less accumulated depreciation and amortization	(1,095.1)	(961.3)
Total property and equipment, net	1,587.0	1,315.9
Goodwill	6,383.9	6,258.1
Indefinite-lived intangible assets	94.8	94.9
Purchased intangible assets, net	1,818.5	1,898.0
Other assets, net	293.2	353.1
Total assets	11,547.9	11,040.9
Current liabilities:
Short-term debt and current maturities of long-term debt	967.2	824.8
Accounts payable	250.8	211.6
Accrued expenses	229.0	237.5
Accrued salaries and bonuses	138.7	257.9
Deferred revenue	132.9	121.3
Other current liabilities	296.6	638.2
Total current liabilities	2,015.2	2,291.3
Long-term debt	4,820.1	4,470.1
Deferred income tax liabilities, net	460.3	358.2
Long-term pension and other postretirement benefit liabilities	100.4	130.1
Other long-term liabilities	178.6	190.0
Total liabilities	7,574.6	7,439.7
Commitments and Contingencies (see Note 6)
Equifax shareholders’ equity:
Preferred stock, $0.01 par value: Authorized shares - 10.0; Issued shares - none	0.0	0.0
Common stock, $1.25 par value: Authorized shares - 300.0; Issued shares - 189.3 at December 31, 2022 and 2021; Outstanding shares - 122.5 and 122.1 at December 31, 2022 and 2021, respectively	236.6	236.6
Paid-in capital	1,594.2	1,536.7
Retained earnings	5,256.0	4,751.6
Accumulated other comprehensive loss	(473.7)	(295.4)
Treasury stock, at cost, 66.2 shares and 66.6 shares at December 31, 2022 and 2021, respectively	(2,650.7)	(2,639.2)
Stock held by employee benefits trusts, at cost, 0.6 shares at December 31, 2022 and 2021, respectively	(5.9)	(5.9)
Total Equifax shareholders’ equity	3,956.5	3,584.4
Noncontrolling interests including redeemable noncontrolling interests	16.8	16.8
Total shareholders’ equity	3,973.3	3,601.2
Total liabilities and equity	$ 11,547.9	$ 11,040.9