Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Enterprise Value to EBITDA (EV/EBITDA) 

Microsoft Excel LibreOffice Calc

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Intuit Inc., EBITDA calculation

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Net income 2,062  1,826  1,557  1,211  971  979 
Less: Net income from discontinued operations —  —  —  —  —  173 
Add: Income tax expense 494  372  324  292  396  397 
Earnings before tax (EBT) 2,556  2,198  1,881  1,503  1,367  1,203 
Add: Interest expense 29  14  15  20  31  35 
Earnings before interest and tax (EBIT) 2,585  2,212  1,896  1,523  1,398  1,238 
Add: Depreciation 166  189  199  228  214  195 
Add: Amortization of acquired intangible assets 197  29  26  25  22  43 
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,948  2,430  2,121  1,776  1,634  1,476 

Based on: 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Intuit Inc. EBITDA increased from 2019 to 2020 and from 2020 to 2021.

Enterprise Value to EBITDA Ratio, Current

Intuit Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Selected Financial Data (US$ in millions)
Enterprise value (EV) 112,380 
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,948 
Valuation Ratio
EV/EBITDA 38.12
Benchmarks
EV/EBITDA, Competitors1
Accenture PLC 17.21
Adobe Inc. 26.87
Automatic Data Processing Inc. 14.32
International Business Machines Corp. 13.55
Mastercard Inc. 27.48
Microsoft Corp. 22.69
Oracle Corp. 17.90
PayPal Holdings Inc. 8.62
Salesforce Inc. 34.12
ServiceNow Inc. 129.42
Visa Inc. 24.24
EV/EBITDA, Sector
Software & Services 21.58
EV/EBITDA, Industry
Information Technology 18.35

Based on: 10-K (reporting date: 2021-07-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Intuit Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 153,168  86,745  72,691  55,493  35,892  28,897 
Earnings before interest, tax, depreciation and amortization (EBITDA)2 2,948  2,430  2,121  1,776  1,634  1,476 
Valuation Ratio
EV/EBITDA3 51.96 35.70 34.27 31.25 21.97 19.58
Benchmarks
EV/EBITDA, Competitors4
Accenture PLC 21.47 15.93 15.60 13.79 15.98 11.03
Adobe Inc. 35.44 43.06 41.16 37.27 36.77 28.22
Automatic Data Processing Inc. 14.05 8.32 12.32 11.88 7.32 2.28
International Business Machines Corp. 12.53 12.28 10.23 9.54 10.76
Mastercard Inc. 31.84 38.83 32.61 28.36 24.94
Microsoft Corp. 24.59 21.74 17.21 15.67 15.00 13.73
Oracle Corp. 13.78 11.54 11.83 9.50 12.73
PayPal Holdings Inc. 19.34 43.02 27.91 24.59 22.50
Salesforce Inc. 33.82 49.43 55.96 84.53 75.36
ServiceNow Inc. 147.45 220.91 187.17 260.48 1,506.85
Visa Inc. 24.81 29.80 24.56 22.59 20.10 21.75
EV/EBITDA, Sector
Software & Services 24.20 23.98 19.68 17.30 16.71
EV/EBITDA, Industry
Information Technology 20.53 20.64 15.54 13.26 13.32

Based on: 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31).

1 See details »

2 See details »

3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 153,168 ÷ 2,948 = 51.96

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Intuit Inc. EV/EBITDA ratio increased from 2019 to 2020 and from 2020 to 2021.