Price to FCFE (P/FCFE)

Free Cash Flow to Equity (FCFE)
P to FCFE Ratio, Current
P to FCFE Ratio, Historical

Free Cash Flow to Equity (FCFE)

Intuit Inc., FCFE calculation

US$ in millions

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)
Net noncash charges	2,350)	2,061)	2,259)	1,199)	456)	634)
Changes in operating assets and liabilities	(429)	601)	(436)	(11)	132)	133)
Net cash provided by operating activities	4,884)	5,046)	3,889)	3,250)	2,414)	2,324)
Purchases of property and equipment	(191)	(210)	(157)	(53)	(59)	(76)
Capitalization of internal use software	(59)	(50)	(72)	(72)	(78)	(79)
Proceeds from issuance of long-term debt, net of discount and issuance costs	3,956)	—)	4,700)	—)	1,983)	—)
Repayments of debt	(4,200)	(1,009)	—)	(338)	(50)	(50)
Proceeds from borrowings under unsecured revolving credit facility	100)	—)	—)	—)	1,000)	—)
Repayments on borrowings under unsecured revolving credit facility	(100)	—)	—)	(1,000)	—)	—)
Proceeds from borrowings under secured revolving credit facilities	180)	222)	182)	—)	—)	48)
Repayments on borrowings under secured revolving credit facilities	(25)	(23)	—)	—)	—)	—)
Free cash flow to equity (FCFE)	4,545)	3,976)	8,542)	1,787)	5,210)	2,167)

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).

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Item	Description	The company
FCFE	Free cash flow to equity is the cash flow available to Intuit Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made.	Intuit Inc. FCFE decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Price to FCFE Ratio, Current

Intuit Inc., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding	280,292,000
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)	4,545)
FCFE per share	16.22
Current share price (P)	644.17
Valuation Ratio
P/FCFE	39.73
Benchmarks
P/FCFE, Competitors¹
Accenture PLC	23.43
Adobe Inc.	34.14
Autodesk Inc.	52.41
Cadence Design Systems Inc.	71.67
CrowdStrike Holdings Inc.	93.21
International Business Machines Corp.	11.48
Microsoft Corp.	41.61
Oracle Corp.	64.30
Palo Alto Networks Inc.	61.13
Salesforce Inc.	40.22
ServiceNow Inc.	77.87
Synopsys Inc.	54.29
P/FCFE, Sector
Software & Services	41.88
P/FCFE, Industry
Information Technology	51.78

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	280,292,000	280,259,493	281,869,879	273,091,929	261,807,204	260,073,642
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)²	4,545)	3,976)	8,542)	1,787)	5,210)	2,167)
FCFE per share³	16.22	14.19	30.30	6.54	19.90	8.33
Share price^1, 4	623.10	549.60	420.06	567.59	345.39	288.36
Valuation Ratio
P/FCFE⁵	38.43	38.74	13.86	86.74	17.36	34.61
Benchmarks
P/FCFE, Competitors⁶
Accenture PLC	23.91	21.03	17.91	25.76	19.01	19.50
Adobe Inc.	—	41.83	21.32	34.26	41.36	41.90
Autodesk Inc.	37.55	25.55	16.66	64.43	24.07	41.92
Cadence Design Systems Inc.	—	71.40	33.41	36.31	45.86	36.04
CrowdStrike Holdings Inc.	85.82	42.65	99.63	41.38	880.68	—
International Business Machines Corp.	—	9.97	11.97	48.45	9.43	4.39
Microsoft Corp.	42.11	43.32	36.73	42.54	42.74	30.77
Oracle Corp.	48.38	15.47	—	8.36	6.27	22.31
Palo Alto Networks Inc.	52.90	79.75	29.54	32.91	8.11	46.20
Salesforce Inc.	38.33	31.06	16.56	49.52	50.40	29.09
ServiceNow Inc.	—	58.13	44.44	64.54	49.83	68.98
Synopsys Inc.	—	57.04	33.41	40.55	45.07	77.64
P/FCFE, Sector
Software & Services	—	32.73	30.44	33.85	25.89	22.16
P/FCFE, Industry
Information Technology	—	33.47	26.69	27.52	23.46	19.14

¹ Data adjusted for splits and stock dividends.

² See details »

³ 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 4,545,000,000 ÷ 280,292,000 = 16.22

⁴ Closing price as at the filing date of Intuit Inc. Annual Report.

⁵ 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 623.10 ÷ 16.22 = 38.43

⁶ Click competitor name to see calculations.

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Valuation ratio	Description	The company
P/FCFE	Price to free cash flow to equity is cash valuation indicator of stockholders’ equity.	Intuit Inc. P/FCFE ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Intuit Inc. (NASDAQ:INTU)

Price to FCFE (P/FCFE)

Free Cash Flow to Equity (FCFE)

Price to FCFE Ratio, Current

Price to FCFE Ratio, Historical