DCF Tool

INTU

Intuit Inc – Software Publishers
Intuit’s mission is to power prosperity around the world. The Company is a mission-driven, global financial platform company with products including TurboTax, QuickBooks, and Mint, designed to empower consumers, self-employed and small businesses to improve their financial lives. Intuit platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Its innovative ecosystem of financial management solutions serves more than 50 million customers worldwide.
Analysis Results
Intrinsic Value $126.15
Latest Price $406.42
Relative Value 222% overvalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Billions)
Analysis Parameters
%
%
%
New Ticker
Ad
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 19.4%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 13.0%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 19.4%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2022 2.54 2.25
2023 3.03 2.37
2024 3.62 2.51
2025 4.32 2.65
2026 5.16 2.8
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 47.9 billion. This corresponds to a present value of 23.0 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 12.6 billion. Adding in the terminal value gives a total present value of 35.6 billion.

There are presently 282.0 million outstanding shares, so the intrinsic value per share is 126.15.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 5,157,000,000
Current Cash 3,870,000,000
Current Liabilities 2,655,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -1,368,000,000
Change in NCWC -107,000,000
EBIT 2,500,000,000
Tax Provision 494,000,000
Depreciation and Amortization 363,000,000
Capital Expenditure -125,000,000
Unlevered Free Cash Flow 2,147,823,161
Current Assets 7,980,000,000
Current Cash 7,050,000,000
Current Liabilities 3,529,000,000
Current Debt 1,338,000,000
Non-Cash Working Capital (NCWC) -1,261,000,000
Change in NCWC -199,000,000
EBIT 2,176,000,000
Tax Provision 372,000,000
Depreciation and Amortization 218,000,000
Capital Expenditure -137,000,000
Unlevered Free Cash Flow 1,689,723,384
Current Assets 3,594,000,000
Current Cash 2,740,000,000
Current Liabilities 1,966,000,000
Current Debt 50,000,000
Non-Cash Working Capital (NCWC) -1,062,000,000
Change in NCWC 316,000,000
EBIT 1,854,000,000
Tax Provision 324,000,000
Depreciation and Amortization 225,000,000
Capital Expenditure -155,000,000
Unlevered Free Cash Flow 1,920,650,717
Current Assets 2,404,000,000
Current Cash 1,716,000,000
Current Liabilities 2,116,000,000
Current Debt 50,000,000
Non-Cash Working Capital (NCWC) -1,378,000,000
Change in NCWC -122,000,000
EBIT 1,497,000,000
Tax Provision 292,000,000
Depreciation and Amortization 253,000,000
Capital Expenditure -124,000,000
Unlevered Free Cash Flow 1,213,165,668
Current Assets 1,415,000,000
Current Cash 777,000,000
Current Liabilities 1,944,000,000
Current Debt 50,000,000
Non-Cash Working Capital (NCWC) -1,256,000,000
Change in NCWC -51,000,000
EBIT 1,395,000,000
Tax Provision 396,000,000
Depreciation and Amortization 236,000,000
Capital Expenditure -230,000,000
Unlevered Free Cash Flow 945,888,807
Current Assets 1,614,000,000
Current Cash 1,080,000,000
Current Liabilities 2,251,000,000
Current Debt 512,000,000
Non-Cash Working Capital (NCWC) -1,205,000,000
Change in NCWC -324,000,000
EBIT 1,242,000,000
Tax Provision 397,000,000
Depreciation and Amortization 238,000,000
Capital Expenditure -522,000,000
Unlevered Free Cash Flow 224,129,675
Current Assets 2,560,000,000
Current Cash 1,697,000,000
Current Liabilities 1,744,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -881,000,000
Change in NCWC -167,000,000
EBIT 886,000,000
Tax Provision 299,000,000
Depreciation and Amortization 231,000,000
Capital Expenditure -261,000,000
Unlevered Free Cash Flow 316,929,775
Current Assets 2,621,000,000
Current Cash 1,914,000,000
Current Liabilities 1,421,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -714,000,000
Change in NCWC -169,000,000
EBIT 1,314,000,000
Tax Provision 453,000,000
Depreciation and Amortization 197,000,000
Capital Expenditure -119,000,000
Unlevered Free Cash Flow 770,000,000
Current Assets 2,396,000,000
Current Cash 1,661,000,000
Current Liabilities 1,280,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -545,000,000
Change in NCWC -59,000,000
EBIT 1,233,000,000
Tax Provision 387,000,000
Depreciation and Amortization 232,000,000
Capital Expenditure -209,000,000
Unlevered Free Cash Flow 802,643,801
Current Assets 1,523,000,000
Current Cash 744,000,000
Current Liabilities 1,265,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -486,000,000
Change in NCWC -14,000,000
EBIT 1,177,000,000
Tax Provision 384,000,000
Depreciation and Amortization 242,000,000
Capital Expenditure -145,000,000
Unlevered Free Cash Flow 867,325,803

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.