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Intuit Inc INTU

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Stock XNAS Rating as of
$610.76 −2.45 (0.40%)
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Company Report

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Intuit’s Switching Costs Support a Wide Economic Moat

Julie Bhusal Sharma

Intuit is the giant behind U.S. small-business accounting software QuickBooks and do-it-yourself U.S. tax software TurboTax. With TurboTax and QuickBooks online sales having eclipsed their respective desktop sales, Intuit has now transitioned into a cloud-first company. Consequently, this has enabled Intuit to leverage customer data to streamline the user experience across disparate products and to natively market its offerings, in turn supporting switching costs and a network effect, which we consider to already be the backbones of Intuit’s wide moat.

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Price vs Fair Value

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INTU is trading at a 23% premium.
Price
$613.21
Fair Value
$726.00
Uncertainty
Medium
1-Star Price
$224.00
5-Star Price
$845.00
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 U.S. automatically generate citizens’ tax files. If the U.S. adopted a similar program, Intuit’s TurboTax business could face material headwinds.

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Trading Information

Previous Close Price
$613.21
Day Range
$610.38–614.79
52-Week Range
$400.41–671.08
Bid/Ask
$610.13 / $610.91
Market Cap
$170.90 Bil
Volume/Avg
218,449 / 1.3 Mil

Key Statistics

Price/Earnings (Normalized)
40.15
Price/Sales
11.49
Dividend Yield (Trailing)
0.57%
Dividend Yield (Forward)
0.59%
Total Yield
1.78%

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 U.S. 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
PAYX
SGE
Price/Earnings (Normalized)
 40.1526.5334.49
Price/Book Value
 10.1311.648.31
Price/Sales
 11.498.425.42
Price/Cash Flow
 35.4420.7532.09
Price/Earnings
INTU
PAYX
SGE

Financial Strength

Metric
INTU
PAYX
SGE
Quick Ratio
 0.570.430.88
Current Ratio
 1.171.240.94
Interest Coverage
 13.5357.727.14
Quick Ratio
INTU
PAYX
SGE

Profitability

Metric
INTU
PAYX
SGE
Return on Assets (Normalized)
 15.60%14.17%8.49%
Return on Equity (Normalized)
 26.20%46.62%24.01%
Return on Invested Capital (Normalized)
 19.07%36.73%13.48%
Return on Assets
INTU
PAYX
SGE
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