Price to FCFE (P/FCFE)
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- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Free Cash Flow to Equity (FCFE)
Intuit Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).
- Net Cash Provided by Operating Activities
- The net cash provided by operating activities demonstrates an overall upward trend from 2019 through 2023, increasing from 2,324 million USD in 2019 to a peak of 5,046 million USD in 2023. This reflects a substantial improvement in the company's core operational cash flow generation over this period. However, in 2024, there is a slight decline to 4,884 million USD, indicating a minor reduction in operating cash flow compared to the previous year, but it remains well above earlier years.
- Free Cash Flow to Equity (FCFE)
- Free cash flow to equity exhibits a more volatile pattern over the same period. Beginning at 2,167 million USD in 2019, FCFE nearly doubles in 2020 to 5,210 million USD, then sharply declines to 1,787 million USD in 2021. Subsequently, there is a significant surge in 2022, reaching 8,542 million USD, the highest point recorded in the timeframe. This peak is followed by a notable decrease in 2023 to 3,976 million USD, with a modest recovery to 4,545 million USD in 2024. The fluctuations suggest variability in factors such as capital expenditures, financing activities, or working capital changes that impact the equity cash flow differently than operating cash flow.
- Comparative Insights
- While operating cash flow shows consistent growth with a minor recent setback, FCFE displays considerable volatility. This contrast indicates that despite stable operational cash generation, the capital structure or investment cash flows have experienced significant swings. The sharp rise in FCFE in 2022 may imply a temporary event or strategic financial decision impacting free cash flow to equity, followed by normalization in the subsequent years.
Price to FCFE Ratio, Current
Intuit Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Accenture PLC | |
| Adobe Inc. | |
| Cadence Design Systems Inc. | |
| CrowdStrike Holdings Inc. | |
| Fair Isaac Corp. | |
| International Business Machines Corp. | |
| Microsoft Corp. | |
| Oracle Corp. | |
| Palantir Technologies Inc. | |
| Palo Alto Networks Inc. | |
| Salesforce Inc. | |
| ServiceNow Inc. | |
| Synopsys Inc. | |
| Workday Inc. | |
| P/FCFE, Sector | |
| Software & Services | |
| P/FCFE, Industry | |
| Information Technology | |
Based on: 10-K (reporting date: 2024-07-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Intuit Inc., historical P/FCFE calculation, comparison to benchmarks
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||
| Selected Financial Data (US$) | |||||||
| Free cash flow to equity (FCFE) (in millions)2 | |||||||
| FCFE per share3 | |||||||
| Share price1, 4 | |||||||
| Valuation Ratio | |||||||
| P/FCFE5 | |||||||
| Benchmarks | |||||||
| P/FCFE, Competitors6 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| P/FCFE, Sector | |||||||
| Software & Services | |||||||
| P/FCFE, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).
1 Data adjusted for splits and stock dividends.
3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Intuit Inc. Annual Report.
5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price
- The share price exhibited significant volatility over the analyzed periods. From July 2019 to July 2021, there was a notable increase from 288.36 to 567.59 US dollars, indicating strong market performance. However, this was followed by a decline to 420.06 US dollars in July 2022. Subsequently, the share price recovered to 549.6 US dollars in July 2023 and further increased to 623.1 US dollars by July 2024, suggesting renewed investor confidence or improved company prospects in the later periods.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share showed considerable fluctuation across the years. It increased substantially from 8.33 US dollars in 2019 to 19.9 US dollars in 2020, then sharply decreased to 6.54 US dollars in 2021. A significant rebound to 30.3 US dollars was observed in 2022, followed by a decrease to 14.19 US dollars in 2023 and a slight increase to 16.22 US dollars in 2024. This pattern indicates volatility in the company's cash flows available to shareholders, potentially due to changes in operating performance, capital expenditures, or financing activities.
- Price to FCFE (P/FCFE) Ratio
- The P/FCFE ratio reflected notable variability corresponding with the fluctuations in FCFE per share and share price. Initially, it decreased from 34.61 in 2019 to 17.36 in 2020, implying the share price was relatively low compared to cash flow generation. A sharp increase to 86.74 in 2021 suggests the share price was high relative to FCFE, possibly due to the dip in free cash flow that year. This ratio then dropped to 13.86 in 2022, indicating a favorable valuation relative to cash flow with the surge in FCFE per share. However, in 2023 and 2024, the ratio rose again to around 38, indicating that the market valued the stock higher relative to the free cash flow during these years, despite the lower FCFE per share compared to 2022.