Stock Analysis on Net
Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Accenture PLC, FCFE calculation

US$ in thousands

Microsoft Excel
12 months ended: Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Net income attributable to Accenture plc 6,871,557 6,877,169 5,906,809 5,107,839 4,779,112 4,059,907
Net income attributable to noncontrolling interests 131,973 111,791 83,736 77,474 67,129 154,687
Net noncash charges 3,706,101 3,358,736 2,952,274 2,898,014 1,802,131 2,005,293
Change in assets and liabilities, net of acquisitions (1,185,363) (806,567) 32,329 131,825 (21,419) (193,196)
Net cash provided by operating activities 9,524,268 9,541,129 8,975,148 8,215,152 6,626,953 6,026,691
Purchases of property and equipment (528,172) (717,998) (580,132) (599,132) (599,009) (619,187)
Proceeds from (repayments of) debt, net 93,258 (16,453) (7,798) (6,719) (4,772) (4,195)
Free cash flow to equity (FCFE) 9,089,354 8,806,678 8,387,218 7,609,301 6,023,172 5,403,309

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Accenture PLC equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Accenture PLC FCFE increased from 2021 to 2022 and from 2022 to 2023.

Price to FCFE Ratio, Current

Accenture PLC, current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 629,043,698
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 9,089,354
FCFE per share 14.45
Current share price (P) 313.54
Valuation Ratio
P/FCFE 21.70
Benchmarks
P/FCFE, Competitors1
Adobe Inc. 33.18
International Business Machines Corp. 9.96
Intuit Inc. 44.75
Microsoft Corp. 53.58
Oracle Corp. 14.80
Palo Alto Networks Inc. 101.08
Salesforce Inc. 34.85
ServiceNow Inc. 56.58
Synopsys Inc. 53.25
P/FCFE, Sector
Software & Services 37.49
P/FCFE, Industry
Information Technology 40.78

Based on: 10-K (reporting date: 2023-08-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

Accenture PLC, historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
No. shares of common stock outstanding1 627,937,555 630,580,797 632,153,357 634,093,454 635,672,438 638,990,838
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 9,089,354 8,806,678 8,387,218 7,609,301 6,023,172 5,403,309
FCFE per share3 14.47 13.97 13.27 12.00 9.48 8.46
Share price1, 4 304.36 250.07 341.82 228.14 184.80 153.12
Valuation Ratio
P/FCFE5 21.03 17.91 25.76 19.01 19.50 18.11
Benchmarks
P/FCFE, Competitors6
Adobe Inc. 41.83 21.32 34.26 41.36 41.90 19.87
International Business Machines Corp. 9.97 11.97 48.45 9.43 4.39 —
Intuit Inc. 38.74 13.86 86.74 17.36 34.61 29.29
Microsoft Corp. 43.32 36.73 42.54 42.74 30.77 37.57
Oracle Corp. 15.47 — 8.36 6.27 22.31 10.78
Palo Alto Networks Inc. 79.75 29.54 32.91 8.11 46.20 8.50
Salesforce Inc. 31.06 16.56 49.52 50.40 29.09 —
ServiceNow Inc. 58.13 44.44 64.54 49.83 68.98 —
Synopsys Inc. 57.04 33.41 40.55 45.07 77.64 19.63
P/FCFE, Sector
Software & Services 32.42 30.43 33.49 25.65 21.90 —
P/FCFE, Industry
Information Technology 33.34 26.56 27.30 23.29 18.92 —

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 9,089,354,000 ÷ 627,937,555 = 14.47

4 Closing price as at the filing date of Accenture PLC Annual Report.

5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 304.36 ÷ 14.47 = 21.03

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Accenture PLC P/FCFE ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.