Report
Andrew Lange
EUR 100.00 For Business Accounts Only

After Intuit Investor Day, We Raise Our FVE on Better Long-Term Outlook; Shares at a Premium

Intuit held its annual investor day and we came away from the event with revised enthusiasm over the firm’s long-term growth prospects. We believe the company’s ability to grow its userbase both domestically and internationally while monetizing new and existing customers will drive low-double-digit top line growth and midteens operating income growth for the firm over the foreseeable future. We see this outlook as sustainable over the long term and believe that Intuit’s wide economic moat is bei...
Underlying
Intuit Inc.

Intuit helps consumers, small businesses, and the self-employed prosper by delivering financial management and compliance products and services. The company also provides tax products to accounting personnels, who are main partners that help the company serves small business customers. The company organizes its businesses into three reportable segments: Small Business and Self-Employed, which provides QuickBooks financial management solutions to solve financial and compliance problems; Consumer, which includes TurboTax products and services to prepare and file income tax returns; and Strategic Partner, which includes professional tax offerings and serve professional accountants in United States and Canada.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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