Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

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

Intuit Inc., EBITDA calculation

US$ in millions

Microsoft Excel
12 months ended: Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Net income 2,963 2,384 2,066 2,062 1,826 1,557
Add: Income tax expense 587 605 476 494 372 324
Earnings before tax (EBT) 3,550 2,989 2,542 2,556 2,198 1,881
Add: Interest expense 242 248 81 29 14 15
Earnings before interest and tax (EBIT) 3,792 3,237 2,623 2,585 2,212 1,896
Add: Depreciation 159 160 187 166 189 199
Add: Amortization of acquired intangible assets 630 646 559 197 29 26
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,581 4,043 3,369 2,948 2,430 2,121

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).

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 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

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

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 182,520
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,581
Valuation Ratio
EV/EBITDA 39.84
Benchmarks
EV/EBITDA, Competitors1
Accenture PLC 19.48
Adobe Inc. 27.71
Autodesk Inc. 52.57
Cadence Design Systems Inc. 55.82
CrowdStrike Holdings Inc. 285.55
International Business Machines Corp. 16.15
Microsoft Corp. 23.38
Oracle Corp. 27.81
Palo Alto Networks Inc. 97.46
Salesforce Inc. 33.33
ServiceNow Inc. 129.96
Synopsys Inc. 51.91
EV/EBITDA, Sector
Software & Services 31.69
EV/EBITDA, Industry
Information Technology 36.39

Based on: 10-K (reporting date: 2024-07-31).

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
Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 176,614 156,489 122,035 153,168 86,745 72,691
Earnings before interest, tax, depreciation and amortization (EBITDA)2 4,581 4,043 3,369 2,948 2,430 2,121
Valuation Ratio
EV/EBITDA3 38.55 38.71 36.22 51.96 35.70 34.27
Benchmarks
EV/EBITDA, Competitors4
Accenture PLC 19.87 17.26 14.25 23.31 17.46 15.60
Adobe Inc. 34.07 22.32 35.44 43.06 41.16
Autodesk Inc. 37.67 36.84 53.83 79.27 69.31 335.51
Cadence Design Systems Inc. 55.61 42.11 39.61 45.75 31.64
CrowdStrike Holdings Inc. 262.20
International Business Machines Corp. 14.41 22.17 12.53 12.28 10.23
Microsoft Corp. 23.66 22.92 20.17 24.59 21.74 17.21
Oracle Corp. 21.81 21.80 17.12 13.78 11.54 11.83
Palo Alto Networks Inc. 84.17 85.08 515.16 349.95 117.16
Salesforce Inc. 31.74 38.42 38.91 33.92 49.78 56.71
ServiceNow Inc. 96.48 104.30 147.45 220.91 187.17
Synopsys Inc. 54.59 36.73 53.43 42.24 26.98
EV/EBITDA, Sector
Software & Services 24.84 22.25 25.32 22.51 18.25
EV/EBITDA, Industry
Information Technology 23.65 18.58 20.64 19.71 14.59

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 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 176,614 ÷ 4,581 = 38.55

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 2022 to 2023 but then slightly decreased from 2023 to 2024.