Accenture plc

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $10,874M FY2025 (fiscal year ended Aug-2025) free cash flow base (operating cash flow $11,474M less capex $600M); 3% annual FCF growth years 1-3 (anchored to management's just-lowered FY2026 guidance of 3-4% local-currency revenue growth), 2% years 4-10; 10% discount rate (elevated vs. a typical large-cap to reflect AI-disruption/bookings-slowdown risk); 2% terminal growth; plus $1.78B net cash ($10.17B cash less $8.39B debt); 611.94M shares outstanding.

Reasoning: Accenture is a mature, asset-light, highly cash-generative global consulting/IT-services firm where FCF is the natural value driver, so growth assumptions were pinned to the company's own newly-cut FY2026 guidance (bookings fell to $19.3B from $19.7B YoY) rather than pre-2026 trend growth, given real market concern that generative AI could structurally slow consulting/staffing demand (the stock has fallen roughly 50% from its highs on this thesis).