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ACN trades against a final fair-value range of $186.15-$261.24, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs. Fair value range: low $186, high $261, with mid-point at $223.
Stock analysis

ACN Accenture plc fair value $223–$261

ACN
By StockMarketAgent.AI team· supervised by
Đã phân tích: 2026-05-10Cập nhật tiếp theo: 2026-08-10Methodology v2.4Archetype: Mature dividendNYSE · Information Technology
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Giá
$180.42
▲ +43.03 (+23.85%)
Giá trị hợp lý
$223
$223–$261
Khuyến nghị
Mua
confidence 88/100
Tiềm năng tăng
+23.9%
upside to fair value
Biên an toàn
$189.93
buy below · 15%
Vốn hóa thị trường
$111.0B
P/E fwd 12.1
Dự phòng tiếng AnhVI
Hiển thị bản gốc tiếng Anh trong khi đang dịch
Báo cáo này chưa được dịch. Hãy làm mới sau vài phút khi hàng đợi dịch xử lý xong.

§1 Tóm tắt điều hành

  • Composite fair value $223 with high case $261.
  • Implied upside of 23.9% to fair value.
  • Moat 9/10 · confidence 88/100 · Mature dividend.
  • Trades below fair value with a meaningful cushion to the midpoint.
Fair value
$223
Margin of safety
+19.3%
Confidence
88/100
Moat
9/10

Educational analysis only — not financial advice. Always do your own due diligence.

$180.42Price
FV $223.45
High $261.24

ACN trades against a final fair-value range of $186.15-$261.24, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.

  • High switching costs associated with
    High switching costs associated with deeply integrated enterprise IT and ERP systems.
  • Intangible assets derived from specialized
    Intangible assets derived from specialized industry expertise and a massive global delivery network.
  • Bull thesis
    The market is over-penalizing near-term macro headwinds, ignoring Accenture's deep structural integration into critical enterprise workflows.

§2 Kịch bản tiêu cực

A severe macroeconomic downturn triggers sweeping IT budget freezes, stalling cloud migrations and AI projects. Revenue contracts while high fixed labor costs compress operating margins below historical norms, dragging fair valueFair valueOur composite estimate of intrinsic per-share value, blended across DCF, exit-multiple, and reverse-DCF methods. Reported as a low/mid/high range to capture model uncertainty. down to the $186 floor.

Các cách luận điểm này có thể đổ vỡ

AI Displacement

· Medium

Agentic AI systems automate core coding and BPO tasks, collapsing Accenture's billable hour model and shrinking total addressable market.

FV impact
-25%
Trigger
3-5 years

Cloud Maturation

· High

Enterprise cloud migrations conclude sooner than expected, leaving a massive structural growth void unfulfilled by new AI initiatives.

FV impact
-15%
Trigger
2-3 years

Margin Collapse

· Low

Intense wage inflation and talent retention costs in global delivery centers severely compress historical operating margins.

FV impact
-20%
Trigger
1-2 years
Tín hiệu cảnh báo sớm cần theo dõi
Chỉ sốHiện tạiNgưỡng kích hoạt
Sequential declines in book-to-bill ratios consistently below 1.0x.MonitorDeterioration versus the report thesis
Unplanned, structural increases in bench time and utilization rate drops.MonitorDeterioration versus the report thesis
Deteriorating pricing power on large-scale managed services outsourcing contracts.MonitorDeterioration versus the report thesis
Rising voluntary attrition rates among key senior technical staff.MonitorDeterioration versus the report thesis
Slowing growth in the high-margin Song and Industry X divisions.MonitorDeterioration versus the report thesis

§3 Lịch sử tài chính

Báo cáo kết quả kinh doanh — sáu kỳ gần nhất
Khoản mụcT−0T−1T−2T−3CAGR
Kỳ2022-08-312023-08-312024-08-312025-08-31Trend
Doanh thu$61.59B$64.11B$64.90B$69.67B+4.2%
Lợi nhuận gộp$19.70B$20.73B$21.16B$22.24B+4.1%
Lợi nhuận hoạt động$9.37B$9.87B$10.03B$10.84B+5.0%
Lợi nhuận ròng$6.88B$6.87B$7.26B$7.68B+3.7%
EPS (pha loãng)$10.71$10.77$11.44$12.15+4.3%
EBITDA$10.27B$10.25B$10.84B$11.87B+4.9%
R&D
SG&A$10.33B$10.86B$11.13B$11.39B+3.3%

Điểm chất lượng

Điểm Piotroski F
5 / 9
Điểm chất lượng tổng hợp 0–9
Điểm Altman Z
4.4
Rủi ro phá sản (>3 an toàn)
Điểm Beneish M
-2.75
Rủi ro thao túng lợi nhuận
OCF / Lợi nhuận ròng
1.49×
>1 cho thấy chất lượng lợi nhuận cao
Cổng chất lượng kế toán
Pass
Cổng điều chỉnh theo ngành
ROIC
21.1%
Tỷ suất sinh lời trên vốn đầu tư
Phần 3

Numbers analysis

Người đăng ký cá nhân — từ §411 phần nữa

Đọc phân tích đầy đủ — 11 phần nữa.

Competitive moat, industry cycle, peer comparison, intrinsic valuation, sensitivity, scenarios, earnings decision tree, position management, investor perspectives, scorecard, and final recommendation.

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FAQ

ACN — frequently asked questions

  1. Based on our latest analysis, ACN looks meaningfully undervalued. The current price is $180 versus a composite fair-value midpoint of $223 (range $186–$261), which implies roughly 23.9% upside to the midpoint.
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