Discounted Cash Flow

Accenture Plc.

ACN · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $34.8b $4.1b $4.1b 11.8% $6.58
2017 $36.8b (5.7%) $3.4b (-16.2%) $4.5b (9.3%) 9.4% (-20.7%) $5.56 (-15.5%)
2018 $41.6b (13.2%) $4.1b (17.8%) $5.4b (21.3%) 9.8% (4.1%) $6.46 (16.2%)
2019 $43.2b (3.9%) $4.8b (17.7%) $6.0b (11.5%) 11.1% (13.3%) $7.49 (15.9%)
2020 $44.3b (2.6%) $5.1b (6.9%) $7.6b (26.3%) 11.5% (4.2%) $8.03 (7.2%)
2021 $50.5b (14.0%) $5.9b (15.6%) $8.4b (10.2%) 11.7% (1.4%) $9.31 (15.9%)
2022 $61.6b (21.9%) $6.9b (16.4%) $8.8b (5.1%) 11.2% (-4.5%) $10.87 (16.8%)
2023 $64.1b (4.1%) $6.9b (-0.1%) $9.0b (2.0%) 10.7% (-4.0%) $10.90 (0.3%)
2024 $64.9b (1.2%) $7.3b (5.7%) $8.6b (-4.2%) 11.2% (4.4%) $11.57 (6.1%)
2025 $69.7b (7.4%) $7.7b (5.7%) $10.9b (26.2%) 11.0% (-1.6%) $12.29 (6.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model