DCF Tool

ACN

Accenture plc – Data Processing, Hosting, and Related Services
Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology services and consulting. A Fortune Global 500 company, it reported revenues of $61.6 billion in 2022.
Analysis Results
Intrinsic Value $298.95
Latest Price $383.71
Relative Value 28% overvalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Billions)
Analysis Parameters
%
%
%
New Ticker
Ad
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 13.7%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 9.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 13.7%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2024 10.5 9.58
2025 11.9 9.98
2026 13.5 10.4
2027 15.4 10.8
2028 17.5 11.3
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 249 billion. This corresponds to a present value of 147 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 52.0 billion. Adding in the terminal value gives a total present value of 199 billion.

There are presently 667.0 million outstanding shares, so the intrinsic value per share is 298.95.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 23,381,931,000
Current Cash 9,049,607,000
Current Liabilities 18,009,038,000
Current Debt 104,810,000
Non-Cash Working Capital (NCWC) -3,571,904,000
Change in NCWC 225,352,000
EBIT 9,873,035,000
Tax Provision 2,135,802,000
Depreciation and Amortization 2,281,085,000
Capital Expenditure -528,172,000
Unlevered Free Cash Flow 9,544,036,416
Current Assets 21,610,871,000
Current Cash 7,893,806,000
Current Liabilities 17,523,496,000
Current Debt 9,175,000
Non-Cash Working Capital (NCWC) -3,797,256,000
Change in NCWC 405,488,000
EBIT 9,367,181,000
Tax Provision 2,207,207,000
Depreciation and Amortization 2,088,216,000
Capital Expenditure -717,998,000
Unlevered Free Cash Flow 8,894,634,279
Current Assets 19,666,511,000
Current Cash 8,172,468,000
Current Liabilities 15,708,867,000
Current Debt 12,080,000
Non-Cash Working Capital (NCWC) -4,202,744,000
Change in NCWC -788,091,000
EBIT 7,621,529,000
Tax Provision 1,770,571,000
Depreciation and Amortization 1,891,242,000
Capital Expenditure -580,132,000
Unlevered Free Cash Flow 6,405,821,478
Current Assets 17,749,756,000
Current Cash 8,509,639,000
Current Liabilities 12,662,590,000
Current Debt 7,820,000
Non-Cash Working Capital (NCWC) -3,414,653,000
Change in NCWC -1,679,762,000
EBIT 6,513,644,000
Tax Provision 1,589,018,000
Depreciation and Amortization 1,773,124,000
Capital Expenditure -599,132,000
Unlevered Free Cash Flow 4,480,003,932
Current Assets 15,450,601,000
Current Cash 6,130,007,000
Current Liabilities 11,061,896,000
Current Debt 6,411,000
Non-Cash Working Capital (NCWC) -1,734,891,000
Change in NCWC -155,142,000
EBIT 6,305,074,000
Tax Provision 1,405,556,000
Depreciation and Amortization 892,760,000
Capital Expenditure -599,009,000
Unlevered Free Cash Flow 5,026,149,034
Current Assets 13,585,559,000
Current Cash 5,018,894,000
Current Liabilities 10,151,751,000
Current Debt 5,337,000
Non-Cash Working Capital (NCWC) -1,579,749,000
Change in NCWC 274,205,000
EBIT 5,841,041,000
Tax Provision 1,593,499,000
Depreciation and Amortization 926,776,000
Capital Expenditure -619,187,000
Unlevered Free Cash Flow 4,820,296,440
Current Assets 12,097,289,000
Current Cash 4,129,871,000
Current Liabilities 9,824,279,000
Current Debt 2,907,000
Non-Cash Working Capital (NCWC) -1,853,954,000
Change in NCWC -45,541,000
EBIT 5,142,402,000
Tax Provision 981,100,000
Depreciation and Amortization 801,789,000
Capital Expenditure -515,919,000
Unlevered Free Cash Flow 4,289,755,344
Current Assets 11,976,222,000
Current Cash 4,908,484,000
Current Liabilities 8,878,924,000
Current Debt 2,773,000
Non-Cash Working Capital (NCWC) -1,808,413,000
Change in NCWC -494,242,000
EBIT 4,810,445,000
Tax Provision 1,253,969,000
Depreciation and Amortization 729,052,000
Capital Expenditure -496,566,000
Unlevered Free Cash Flow 3,472,206,194
Current Assets 11,579,394,000
Current Cash 4,363,214,000
Current Liabilities 8,532,199,000
Current Debt 1,848,000
Non-Cash Working Capital (NCWC) -1,314,171,000
Change in NCWC -136,957,000
EBIT 4,500,251,000
Tax Provision 1,136,741,000
Depreciation and Amortization 645,923,000
Capital Expenditure -395,017,000
Unlevered Free Cash Flow 3,454,334,899
Current Assets 11,904,442,000
Current Cash 4,923,907,000
Current Liabilities 8,158,079,000
Current Debt 330,000
Non-Cash Working Capital (NCWC) -1,177,214,000
Change in NCWC 774,008,000
EBIT 4,282,497,000
Tax Provision 1,121,743,000
Depreciation and Amortization 620,743,000
Capital Expenditure -321,870,000
Unlevered Free Cash Flow 4,237,603,396
Current Assets 11,844,178,000
Current Cash 5,634,410,000
Current Liabilities 8,160,990,000
Current Debt 0
Non-Cash Working Capital (NCWC) -1,951,222,000
Change in NCWC 212,828,000
EBIT 4,066,638,000
Tax Provision 784,775,000
Depreciation and Amortization 593,028,000
Capital Expenditure -369,593,000
Unlevered Free Cash Flow 3,767,436,697
Current Assets 12,587,931,000
Current Cash 6,642,787,000
Current Liabilities 8,109,205,000
Current Debt 11,000
Non-Cash Working Capital (NCWC) -2,164,050,000
Change in NCWC -27,056,000
EBIT 3,873,239,000
Tax Provision 1,079,241,000
Depreciation and Amortization 0
Capital Expenditure -371,974,000
Unlevered Free Cash Flow 2,403,519,442

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.