Intuit Inc Intrinsic Value – INTUIT INC Reports Fourth Quarter FY2023 Earnings Results
September 6, 2023
🌥️Earnings Overview
Intuit Inc ($NASDAQ:INTU). announced its financial results for the fourth quarter of fiscal year 2023, ending July 31, 2023. Revenue saw an increase of 12.3% from the same quarter last year, amounting to USD 2712.0 million. Net income totaled USD 89.0 million, compared to a net loss of USD 56.0 million in Q4 FY2022.
Price History
On Thursday, INTUIT INC reported its fourth quarter earnings results for FY2023. The stock opened at $504.4 and closed at $498.5, a 0.5% decrease from the last closing price of $500.9. Overall, INTUIT INC had a strong fourth quarter, with strong customer growth driving revenue and profitability. The company is confident that it will continue to deliver strong results in the upcoming quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intuit Inc. More…
| Total Revenues | Net Income | Net Margin |
| 14.37k | 2.38k | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intuit Inc. More…
| Operations | Investing | Financing |
| 5.05k | -922 | -4.27k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intuit Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.78k | 10.51k | 62.82 |
Key Ratios Snapshot
Some of the financial key ratios for Intuit Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.2% | 13.0% | 22.5% |
| FCF Margin | ROE | ROA |
| 33.3% | 11.5% | 7.3% |
Analysis – Intuit Inc Intrinsic Value
At GoodWhale, we have been analyzing the fundamentals of INTUIT INC in order to determine its fair value. After carefully reviewing the company’s financials, our proprietary Valuation Line has calculated the fair value of INTUIT INC’s shares to be around $566.1. Currently, however, INTUIT INC’s stock is trading at $498.5, a fair price that is undervalued by 11.9%. We believe that this presents a buying opportunity for investors looking to capitalize on a potential future increase in the share price. More…
Peers
Its competitors include Kingdee International Software Group Co Ltd, System Research Co Ltd, and BK Tops.
– Kingdee International Software Group Co Ltd ($SEHK:00268)
Kingdee International Software Group Co Ltd is a Chinese software company that specializes in enterprise software, cloud services and artificial intelligence. As of 2022, the company has a market capitalization of 36.47 billion USD and a return on equity of -3.86%. The company’s products and services are used by businesses of all sizes in a variety of industries, including banking, manufacturing, retail and healthcare.
– System Research Co Ltd ($TSE:3771)
System Research Co Ltd is a Japanese company that provides information technology services. The company has a market cap of 16.15 billion as of 2022 and a return on equity of 15.4%. System Research Co Ltd provides services such as software development, system integration, and consulting. The company also offers products such as software, hardware, and services for the financial industry.
– BK Tops ($KOSE:030790)
BK Tops is a publicly traded company with a market capitalization of $19.2 billion as of 2022. The company has a negative return on equity of 54.07%. BK Tops is engaged in the business of producing and selling toppings for ice cream, yogurt, and other desserts. The company’s products include chocolate chips, sprinkles, and other toppings.
Summary
INTUIT INC has reported strong fourth quarter earnings for FY2023, with total revenue increasing 12.3% year over year to USD 2712.0 million. Net income for the quarter was USD 89.0 million, a positive change from the net loss of USD 56.0 million in the same quarter of the previous year. This strong financial performance suggests that INTUIT INC is in a good position to continue to drive growth in the coming quarters. Long-term investors may want to consider INTUIT INC as a potential stock pick, as it could offer significant returns for those willing to take the risk.
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