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Intuit Inc INTU

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Stock XNAS Rating as of
$657.21 +5.77 (0.89%)
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Company Report

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Intuit Earnings: Strong Tax Season Buoyed by Higher Priced Offerings, but Shares Remain Overvalued

Emma Williams

Wide-moat Intuit’s robust third-quarter results exceeded our top-line growth expectations, while profitability came in line. Following the result, we have lifted our full-year fiscal 2024 forecasts to align with updated management guidance, and we raise our fair value estimate to $520 from $500 on equal parts time value of money and an uplift in the medium-term revenue outlook. Nevertheless, despite our upgraded valuation and shares falling 6% in after hours trading, Intuit continues to screen as overvalued.

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Price vs Fair Value

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INTU is trading at a 248% premium.
Price
$657.21
Fair Value
$873.00
Uncertainty
Medium
1-Star Price
$116.00
5-Star Price
$311.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Intuit’s tax revenue should climb at a healthy rate as the company’s solutions intersect with the assisted tax-filing base.

Bears

Some countries outside of the US automatically generate citizens’ tax files. If the US adopted a similar program, Intuit’s TurboTax business could face material headwinds.

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News

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Trading Information

Previous Close Price
$651.44
Day Range
$647.98–662.51
52-Week Range
$444.19–676.62
Bid/Ask
$657.22 / $660.50
Market Cap
$183.72 Bil
Volume/Avg
1.8 Mil / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
39.54
Price/Sales
11.79
Dividend Yield (Trailing)
0.53%
Dividend Yield (Forward)
0.55%
Total Yield
1.72%

Company Profile

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.
Sector
Technology
Industry
Software - Application
Stock Style Box
Large Growth
Total Number of Employees
18,200
Website
https://www.intuit.com

Competitors

Valuation

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Metric
INTU
ADP
PAYX
Price/Earnings (Normalized)
 39.5426.6725.96
Price/Book Value
 9.8021.1411.23
Price/Sales
 11.795.228.13
Price/Cash Flow
 35.1518.0319.71
Price/Earnings
INTU
ADP
PAYX

Financial Strength

Metric
INTU
ADP
PAYX
Quick Ratio
 1.000.120.43
Current Ratio
 1.501.011.24
Interest Coverage
 14.0913.4657.72
Quick Ratio
INTU
ADP
PAYX

Profitability

Metric
INTU
ADP
PAYX
Return on Assets (Normalized)
 15.81%6.59%14.17%
Return on Equity (Normalized)
 26.45%94.48%46.62%
Return on Invested Capital (Normalized)
 19.62%52.00%36.73%
Return on Assets
INTU
ADP
PAYX
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