Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Accenture PLC, FCFF calculation
US$ in thousands
Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).
Item | Description | The company |
---|---|---|
FCFF | Free cash flow to the firm is the cash flow available to the Accenture PLC’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Accenture PLC’s FCFF increased from 2018 to 2019 and from 2019 to 2020. |
Interest Paid, Net of Tax
Accenture PLC, interest paid, net of tax calculation
US$ in thousands
Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).
2 2020 Calculation
Interest paid, tax = Interest paid × EITR
= 28,493 × 23.70% = 6,753
Enterprise Value to FCFF Ratio, Current
Accenture PLC, current EV/FCFF calculation, comparison to benchmarks
Selected Financial Data (US$ in thousands) | |
Enterprise value (EV) | 148,839,639 |
Free cash flow to the firm (FCFF) | 7,637,760 |
Valuation Ratio | |
EV/FCFF | 19.49 |
Benchmarks | |
EV/FCFF, Competitors1 | |
Automatic Data Processing Inc. | 29.42 |
Waste Management Inc. | 24.61 |
EV/FCFF, Sector | |
Support Services | 26.61 |
EV/FCFF, Industry | |
Industrials | 26.55 |
Based on: 10-K (filing date: 2020-10-22).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
Accenture PLC, historical EV/FCFF calculation, comparison to benchmarks
Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Enterprise value (EV)1 | 136,712,951 | 111,783,442 | 93,162,573 | 86,838,705 | 70,034,332 | 65,654,515 | |
Free cash flow to the firm (FCFF)2 | 7,637,760 | 6,045,478 | 5,422,652 | 4,469,280 | 4,091,186 | 3,708,109 | |
Valuation Ratio | |||||||
EV/FCFF3 | 17.90 | 18.49 | 17.18 | 19.43 | 17.12 | 17.71 | |
Benchmarks | |||||||
EV/FCFF, Competitors4 | |||||||
Automatic Data Processing Inc. | 23.31 | 32.94 | 27.67 | 28.51 | 26.50 | 22.73 | |
Waste Management Inc. | — | 26.26 | 23.99 | 23.83 | 21.71 | 21.71 | |
EV/FCFF, Sector | |||||||
Support Services | — | 23.25 | 21.03 | 22.22 | 20.07 | — | |
EV/FCFF, Industry | |||||||
Industrials | — | 25.25 | 23.44 | 25.45 | 24.09 | — |
Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).
3 2020 Calculation
EV/FCFF = EV ÷ FCFF
= 136,712,951 ÷ 7,637,760 = 17.90
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Accenture PLC’s EV/FCFF ratio increased from 2018 to 2019 but then slightly decreased from 2019 to 2020. |