STOCKROUTINES

H&R Block, Inc.

Last Updated
Share Price
$27.19
Market Cap
$4.47B
Dividend Yield
N/A
EPS
$2.86
P/E
9.5

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees. It also provides DIY tax services and products, including federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing; and software online, as well as through third-party retail stores. In addition, the company offers Refund Transfers and H&R Block Emerald Prepaid Mastercard, which enables clients to receive their tax refunds; Peace of Mind extended service plans; H&R Block Emerald Advance lines of credit; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; H&R Block Instant Refund; and H&R Block Pay With Refund services. Further, it offers small business financial solutions through its company-owned or franchise offices, and online. The company was founded in 1955 and is headquartered in Kansas City, Missouri.

0%
Income
  • Revenue $3.41B
  • Gross Profit $1.57B
  • Net Income $583.79M
  • Gross Margin 46.04%
  • Net Margin 17.1%
Cash Flow
  • Free Cash Flow (FCF) $573.14M
  • Free Cash Flow To Equity (FCFE) $-3.35B
  • Dividends Paid $-195.07M
  • Debt Repayment $-3.92B
  • Net Stock Repurchased $191.29M
Balance Sheet
  • Shareholder Equity $352.4M
  • Debt To Equity (D/E) 936.79%
  • Book Value $352.4M
  • Book Value Per Share (BVPS) $0
  • Return On Invested Capital (ROIC) 50.02%
The financial metrics for H&R Block, Inc. presented below are for the financial year 2021.
P/E 7.12 Price To Earnings Ratio
P/S 1.22 Price To Sales Ratio
P/B 11.8 Price To Book Ratio
P/CF 6.64 Price To Operating Cash Flow Ratio
P/FCF 7.26 Price To Free Cash Flow Ratio
P/FCFE -1.24 Price To Levered Free Cash Flow Ratio
P/EBT 6.22 Price To Pre-Tax Income
PEG 0.02 Trailing Price/Earnings To Growth Ratio
EV/Sales 1.51 Enterprise Value To Sales Ratio
EBIT/EV 0.15 EBIT To Enterprise Value Ratio
EV/EBITDA 5.58 Enterprise Value to EBITDA Ratio
D/E 9.37 Debt To Equity Ratio
ROE 275.74% Return On Equity
ROIC 50.02% Return On Invested Capital
DPR 33.41% Dividend Payout Ratio
Current Ratio 1.46 Current Liquidity Ratio
EPS Growth 315% Earnings Per Share Growth Rate
Graham Number $11.49 Benjamin Graham's Number
Piotroski Score N/A Piotroski F-Score
Beta N/A Beta Coefficient Value
    2021 2020 2019 2018 2017
Revenue $3.41B$2.64B$3.09B$3.16B$3.04B
Cost of Revenue $1.84B$1.71B$1.76B$1.74B$1.88B
Gross Profit $1.57B$927.44M$1.34B$1.42B$1.15B
Gross Profit Margin 46.04%35.13%43.23%44.94%37.96%
Operating Expenses $802.27M$744.36M$722.17M$668.15M$436.57M
Research & Development Expenses (R&D) $0$0$0$0$0
Selling, General & Administrative Expenses (SG&A) $802.27M$744.36M$722.17M$668.15M$374.19M
Other Expenses $0$0$0$0$62.38M
Net Income $583.79M$-7.53M$422.51M$613.15M$408.94M
Net Profit Margin 17.1%-0.29%13.65%19.4%13.47%
Operating Income $769.63M$183.08M$615.79M$752.05M$715.98M
Other Income & Expenses (Net) $-100.89M$-186.46M$-70.63M$-83.32M$-86.7M
Depreciation & Amortization $156.85M$169.54M$166.69M$183.29M$182.17M
Interest Income $0$14.25M$16.51M$6.86M$3.83M
Interest Expense $106.87M$96.09M$87.05M$89.37M$92.95M
Income Tax Expense $78.52M$-9.53M$99.9M$41.82M$208.37M
Effective Tax Rate 11.74%0%18.33%6.25%33.11%
EBITDA $926.04M$248.57M$776.16M$927.64M$892.43M
EBIT $769.18M$79.04M$609.46M$744.34M$710.27M
EBT N/AN/AN/AN/AN/A
Shares Outstanding 186.83M196.7M205.37M208.82M212.81M
Diluted Shares Outstanding 188.78M198.11M206.72M210.21M214.09M
EPS $3.11$-0.04$2.05$2.93$1.92
Diluted EPS $3.08$-0.04$2.04$2.91$1.91
    2021 2020 2019 2018 2017
Operating Cash Flow $625.93M$108.96M$606.54M$850M$550.09M
Net Income $583.79M$-7.53M$422.51M$613.15M$408.94M
Depreciation & Amortization $156.85M$169.54M$166.69M$183.29M$182.17M
Deferred Income Tax $-22.58M$-8.3M$1.13M$112.14M$46.45M
Stock-Based Compensation $28.27M$28.05M$23.77M$21.95M$19.29M
Change In Working Capital $440.76M$22.3M$641.3M$224.07M$-890.32M
Other Non-Cash Items $-561.16M$-95.09M$-648.87M$-304.6M$783.56M
Cash From Investing $-45.52M$-470.23M$-155.13M$-112.06M$99.32M
Purchases Of Investments $0$0$0$0$0
Sales / Maturities of Investments $0$0$0$0$1.14M
Property, Plant & Equipment Investments $0$0$0$0$0
Net Acquisitions $-15.58M$-450.24M$-43.64M$-42.54M$-54.82M
Other Investing Activites $-29.95M$-19.99M$-111.49M$-69.52M$152.99M
Cash From Financing $-2.41B$1.53B$-403.69M$-190.66M$-530.42M
Debt Repayment $-3.92B$-1.33B$-720M$-830M$-1.7B
Dividend Payments $-195.07M$-204.87M$-205.46M$-200.47M$-187.12M
Payout Ratio 33.41%-2722.16%48.63%32.69%45.76%
Net Common Stock Repurchased $191.29M$256.21M$189.91M$9.15M$322.85M
Common Stock Repurchased $-191.29M$-256.21M$-189.91M$-9.15M$-322.85M
Common Stock Issued $191.29M$256.21M$189.91M$9.15M$322.85M
Other Financing Activites $1.9B$3.33B$711.68M$848.95M$1.68B
Accounts Receivables $0$0$0$0$0
Accounts Payables $0$0$0$32.61M$-30.47M
Inventory $0$0$0$0$0
Other Working Capital $1.51B$1.07B$1.05B$406.76M$182.69M
Capital Expenditure (CAPEX) $-52.79M$-81.69M$-95.49M$-98.58M$-89.25M
Effect Of Foreign Exchange On Cash $18.32M$-5.29M$-3.66M$-1.14M$-4.46M
Net Change In Cash $-1.81B$1.17B$44.05M$546.14M$114.53M
Free Cash Flow (FCF) $573.14M$27.28M$511.05M$751.42M$460.84M
Free Cash Flow To Equity (FCFE) $-3.35B$-1.31B$-208.95M$-78.58M$-1.24B
    2021 2020 2019 2018 2017
Total Assets $3.65B$5.11B$3.3B$3.14B$2.69B
Total Current Assets $1.7B$3.09B$1.99B$1.89B$1.35B
Cash & Short-Term Investments $934.25M$2.66B$1.57B$1.54B$1.01B
Cash & Cash Equivalents $934.25M$2.66B$1.57B$1.54B$1.01B
Short-Term Investments $0$0$0$0$0
Net Receivables $531.24M$133.2M$138.97M$159.08M$162.78M
Inventory $0$0$0$0$0
Other Current Assets $234.23M$291.63M$282.24M$187.69M$171.93M
Total Non-Current Assets $1.95B$2.03B$1.31B$1.25B$1.35B
Property, Plant & Equipment (PP&E) $585.74M$679.15M$212.09M$231.89M$263.83M
Goodwill & Intangible Assets $1.12B$1.13B$862.43M$881.85M$900.57M
Goodwill $757.66M$712.14M$519.94M$507.87M$491.21M
Intangible Assets $360.15M$414.98M$342.49M$373.98M$409.36M
Long-Term Investments $0$0$0$0$0
Other Non-Current Assets $67.53M$67.85M$90.08M$101.4M$99.94M
Other Assets $0$0$0$0$0
Total Liabilities $3.3B$5.04B$2.76B$2.75B$2.75B
Total Current Liabilities $1.16B$1.58B$923M$843.65M$939.28M
Accounts Payables $198.08M$203.1M$249.53M$251.97M$217.03M
Short-Term Debt $206.39M$844.92M$0$1.03M$981K
Deferred Revenue $200.22M$201.4M$204.98M$186.1M$189.22M
Other Current Liabilities $558.39M$326.19M$468.5M$404.55M$532.05M
Total Non-Current Liabilities $2.14B$3.47B$1.84B$1.9B$1.82B
Long-Term Debt $1.73B$2.85B$1.49B$1.49B$1.49B
Other Non-Current Liabilities $0$312.57M$0$0$0
Total Debt $1.94B$3.69B$1.49B$1.5B$1.49B
Total Shareholder Equity $352.4M$71.04M$541.53M$393.71M$-60.88M
Common Stock $2.17M$2.28M$2.38M$2.46M$2.46M
Retained Earnings $248.51M$42.97M$499.39M$362.98M$-48.21M
Accumulated Other Comprehensive Income Loss (AOCL) $4.79M$-51.58M$-20.42M$-14.3M$-15.3M
Other Shareholder Equity $96.94M$77.37M$60.17M$42.57M$160K
Total Investments $0$0$0$0$0
Net Debt $1B$1.03B$-79.52M$-49.31M$482.67M
Book Value $352.4M$71.04M$541.53M$393.71M$-60.88M

Discounted Cash Flow

Use the Discounted Cash Flow (DCF) tool to estimate the intrinsic value of H&R Block, Inc. stock.

Assumptions
Forecast Period
Required Return
  Low Mid High
Revenue Growth
FCFE Margin
Perpetual Growth
Terminal P/FCFE
Assumptions

The number of assumptions to make for each forecast.

Forecast Period

The number of years to forecast future cash flows. These future cash flows are used to determine the intrinsic present value for the stock.

It is generally recommended to select a longer period for more established companies with stable financial histories.

Forecast Period

The compounding annual rate of return required, according to your investment objectives. This is used to discount back future cash flows.

Revenue Growth

Estimate the annual compounding revenue growth rate. You can use the historical compounding annual growth rates provided below as a guide.

  • 1 Year N/A
  • 3 Years N/A
  • 5 Years N/A
  • 10 Years N/A
Levered Free Cash Flow Margin

Estimate levered free cash flow (FCFE) as a percentage of revenue. You can use the historical margins provided below as a guide.

  • 1 Year N/A
  • 3 Years N/A
  • 5 Years N/A
  • 10 Years N/A
Perpetual Growth Rate

Estimate the compounding annual growth rate at which revenues will grow in perpetuity after the forecast period. This is the first method used to calculate the terminal value.

Values of between 2% and 5% are generally recommended.

Price To Levered Free Cash Flow

Estimate the price to levered free cash flow (P/FCFE) for the stock after the forecast period. This is the second method used to calculate the terminal value.

This method for calculating the terminal value can be preferred for shorter forecast periods. You can use the historical rations provided below as a guide.

  • 1 Year -1.24
  • 3 Years N/A
  • 5 Years N/A
  • 10 Years N/A
Chief Executive Officer (CEO) Mr. Jeffrey Jones
Full-Time Employees 3.6K
Industry Personal Services
Sector Consumer Cyclical
Country US
Website https://www.hrblock.com

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