Intuit Inc.
attractiveINTU · NASDAQ · USA · Fintech
Next earnings date: 24.02.2027
Current Price
345,3 €
Performance
+18,5%
Shares
2
1-Week Price Chart
+6,2%Up to 3 price points per trading day — the curve keeps building with each new anchor point.
Business Model
Intuit provides financial, accounting, tax, payment, and marketing software. Its core platforms are QuickBooks, TurboTax, Credit Karma, and Mailchimp.
Investment Thesis
Intuit is an exceptionally profitable, largely recurring software and financial technology business. QuickBooks and TurboTax occupy critical workflows, possess significant advantages in data, brand, and switching costs, and enable high margins with low physical capital requirements.
Why It's Interesting
The risk-reward profile is positive. However, the reported free cash flow of $7.7 billion should not be capitalized without adjustment. Normalized earnings power is closer to $5.0–$5.3 billion. Consequently, this represents good quality at an interesting, but not yet exceptionally attractive, price.
Competitive Advantages
Strong, but not unassailable. QuickBooks possesses the strongest moat. TurboTax is strong but politically and regulatorily exposed. Credit Karma and Mailchimp have lower switching costs and higher multi-homing risk.
Opportunities & Risks
Opportunities
- High founder ownership
- share count is decreasing despite high SBC
- data advantage
- accounting professional and integration network.
Risks
- High stock-based compensation (SBC)
- US concentration
- tax regulation (politically dependent).
Conclusion
Intuit is not a classic no-growth value stock. It is a high-quality compounder whose current price allows for a staggered entry. The best combination of quality and margin of safety occurs in the $275–$295 range.
Current Price
345,3 €
Fair Value
395 €
Margin of Safety
12,6%
Weighting
17,1%
Avg. Buy Price
291,43 €
Valuation Ranges
livecurrent: 345,3 €Thesis (summary)
The current share price is at the upper end of the buying range and does not offer an exceptionally wide margin of safety against a conservative downside scenario.
Title classification
QualityNotice: The content on this website is for personal documentation and information purposes only. It does not constitute investment advice, a purchase recommendation, or financial advice. Every investor should conduct their own research and consider their personal financial situation.