INTU Value Scorecard - Intuit

Value Scorecard · run 2026-10-18

13 value checks: 12 scored 1 to 5, plus moat evidence

53/60

high value score

Earnings & returns

EPS Trend

5/5

Diluted EPS: $8.42 (2023), $10.43 (2024), $13.67 (2025), $16.46 (2026). It rose every year; the framework scores that as 5.

ROE Trend

4/5

ROE (net income / common equity): 13.8% (2023), 16.1% (2024), 19.6% (2025), 24.0% (2026). Median 17.9%, lowest 13.8%; the framework scores a median 15-20% as 4.

ROIC

5/5

ROIC of 22.1%: operating income of $5.88B divided by $26.62B of capital (total assets $36.79B minus current liabilities $10.16B), fiscal year to Jul 31, 2026, as filed in the 10-K (SEC EDGAR). The framework scores above 20% as 5.

Profit Margins

5/5

Net margin of 21.3%; the framework scores above 20% as 5; gross margin 81.0%, operating margin 17.6%.

Balance sheet & cash

Debt-to-Equity

4/5

Debt-to-equity of 0.44; the framework scores 0.3-0.8 as 4 (total debt $8.42B, total cash $7.20B).

Free Cash Flow

4/5

Free cash flow (operating cash flow minus capital expenditure): $4.79B (2023), $4.63B (2024), $6.08B (2025), $8.62B (2026). It rose every year but one and ended above 2023; the framework scores that as 4.

Retained Earnings

4/5

Retained earnings, as filed in the 10-Ks (SEC EDGAR): $15.07B (2023), $16.99B (2024), $19.67B (2025), $19.05B (2026). It rose every year but one and ended above 2023; the framework scores that as 4.

Valuation models

Graham IV

5/5

IV = EPS x (8.5 + 2g) x (4.4 / Y) = $16.46 x (8.5 + 2 x 20.0) x (4.4 / 4.5) = $780.57 (EPS CAGR 25.6% capped at 20%). Current price $325.15; price is 58.3% below the model value.

DCF Value

5/5

FCF/share = $23.775, stage 1 growth = 14.8% for 5 years, terminal growth = 3%, discount rate = 10%. Stage 1 PV = $135.37, PV of terminal value = $433.12, DCF value = $568.50. Current price $325.15; price is 42.8% below the model value.

Margin of Safety

5/5

Graham value $780.57 (price is 58.3% below the model value); DCF value $568.50 (price is 42.8% below the model value).

Price-to-Book

2/5

P/B of 4.59; the framework scores 3.0-5.0 as 2.

Business quality

Moat Evidence

Not scored

A moat (a brand, a network, switching costs, patents, scale, a licence) is not a number in the filings, so Valerius doesn’t score it. Below are the figures and the words moat analysis starts from, from the company’s own 10-K filings. The conclusion is yours.

Return on capital, each year

Above 15% in 7 of 10 years (2017-2026); lowest 10.7%, highest 66.8%.

Gross margin, each year

Not reported: the filings don’t state a gross profit or cost of revenue figure, as is common for oil and gas companies, banks and insurers.

Competition, in the company’s own words · 10-K filed Sep 9, 2026

We face intense competition in all aspects of our businesses across all of our offerings. Competition is rapidly evolving, fragmented, and involves complex interdependencies with many businesses. Competitive pressures in many of the market

The opening of the company’s “COMPETITION” section in its 10-K, quoted word for word, not summarized or edited. It is the company’s own description, not Valerius’s view, and may include the company’s expectations. Open the filing.

Return on capital = operating income / (total assets − current liabilities), the ROIC row’s definition; 15% is the framework’s return threshold. Gross margin = gross profit / revenue. Both from each year’s 10-K via SEC EDGAR. Moat analysis commonly looks at whether returns and margins held up over many years. These figures don’t say whether the company has an advantage, what it is, or whether it will last.

Capital Allocation

5/5

Capital allocation, 2023-2026: dividends or buybacks paid in every year (pass); $16.60B paid out against $24.12B of free cash flow (pass); total debt $6.69B to $8.42B, up 25.9%, 1.2x EBITDA (pass: at most 2x EBITDA); shares outstanding 0.28B to 0.27B, down 4.3% (pass). 4 of 4 tests passed; the framework scores that as 5.

Filings

Company notices to the SEC

Not scored

Three kinds of event the company reported to the SEC in the last 5 years, from its filings on SEC EDGAR.

These are events the company reported to the SEC. An auditor change or a late filing can have many causes; each date links to the filing, where the company explains it. Valerius does not score these.

How the Graham and DCF values were calculated

  Graham Formula:
    IV = EPS x (8.5 + 2g) x (4.4 / Y)
    EPS = $16.46, g = 20.0%, Y = 4.5
    g capped at 20.0% (3-year EPS CAGR was 25.6%)
    IV = $780.57
    Current price $325.15 vs Graham value $780.57 — price is 58.3% below the model value.

  DCF:
    FCF/share = $23.775
    Stage 1 growth = 14.8% for 5 years | terminal growth = 3.0% | discount rate = 10.0%
      Y1: $27.294 → PV $24.813
      Y2: $31.334 → PV $25.896
      Y3: $35.971 → PV $27.026
      Y4: $41.295 → PV $28.205
      Y5: $47.406 → PV $29.436
    Stage 1 PV sum = $135.37
    Terminal value at end of Y5 = $697.55
    PV of terminal value = $433.12
    DCF value = $568.50
    Current price $325.15 vs DCF value $568.50 — price is 42.8% below the model value.

Data from yfinance summary figures and financial statements, and from the company’s 10-K filings via SEC EDGAR; computed at a price of $325.15. Every score is calculated from the figures by the framework’s fixed rules, and the explanation beside it is generated from the same figures: Graham value, DCF value, margin of safety, ROIC, profit margins, debt-to-equity, price-to-book, EPS trend, ROE trend, free cash flow, retained earnings and capital allocation. No AI is involved in this scorecard. The moat is shown as evidence, without a score. Read each score with the figures beside it. Intrinsic value calculations are model outputs based on stated assumptions, not predictions.

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