Definitive Analysis
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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Accenture plc (ACN)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$773.72 - $2,415.51$2,263.68
Multi-Stage$326.98 - $357.63$342.02
Blended Fair Value$1,302.85
Current Price$259.97
Upside401.16%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS12.70%10.58%5.855.134.473.883.533.222.942.702.482.27
YoY Growth--14.15%14.77%15.06%9.90%9.75%9.32%8.95%9.00%9.00%6.26%
Dividend Yield--2.25%1.41%1.34%1.29%0.99%1.29%1.46%1.64%1.68%1.90%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)7,678.43
(-) Cash Dividends Paid (M)3,696.74
(=) Cash Retained (M)3,981.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,535.69959.80575.88
Cash Retained (M)3,981.703,981.703,981.70
(-) Cash Required (M)-1,535.69-959.80-575.88
(=) Excess Retained (M)2,446.013,021.893,405.82
(/) Shares Outstanding (M)632.19632.19632.19
(=) Excess Retained per Share3.874.785.39
LTM Dividend per Share5.855.855.85
(+) Excess Retained per Share3.874.785.39
(=) Adjusted Dividend9.7210.6311.23
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Fair Value$773.72$2,263.68$2,415.51
Upside / Downside197.62%770.75%829.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)7,678.438,177.538,709.079,275.169,878.0510,520.1210,835.72
Payout Ratio48.14%56.52%64.89%73.26%81.63%90.00%92.50%
Projected Dividends (M)3,696.744,621.575,651.026,794.778,063.349,468.1110,023.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)4,285.684,326.314,366.93
Year 2 PV (M)4,859.464,952.025,045.45
Year 3 PV (M)5,418.345,573.885,732.37
Year 4 PV (M)5,962.616,191.916,427.77
Year 5 PV (M)6,492.546,806.147,131.73
PV of Terminal Value (M)179,692.90188,372.14197,383.55
Equity Value (M)206,711.54216,222.39226,087.79
Shares Outstanding (M)632.19632.19632.19
Fair Value$326.98$342.02$357.63
Upside / Downside25.78%31.56%37.57%

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