Accenture plc is a global IT services leader with solid financial health and moderate growth, trading at a fair valuation relative to its industry.
Valoración: justa
Accenture is a mature, profitable IT services firm with stable earnings, making relative multiples the most appropriate lens. Its P/E of 17.6 is in line with the industry P/E of 17.2, with a premium of +2.5%, indicating a fair valuation. The EV/EBITDA of 11.1× and P/S of 2.0 are consistent with industry norms. The forward lens also supports a fair stance, with EPS growth of +11% and a PEG of 1.6. The book-value lens shows a 'cara' stance due to high P/B and P/TBV, but this is less relevant for an asset-light services firm where intangible capital dominates.
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Salud financiera
solida
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Apalancamiento
baja
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Retorno sobre capital
alto
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Crecimiento
moderado
Negocio
Accenture plc is a global professional services firm providing strategy, consulting, technology, and operations services. It earns revenue primarily from North America, followed by Europe and Growth Markets, with a diversified portfolio spanning digital transformation, cloud, cybersecurity, and AI solutions.
Análisis
Accenture's financial health is robust, evidenced by a strong Altman Z-score and a high Piotroski F-score, indicating low bankruptcy risk and solid operational performance. Its leverage is minimal, with net debt to EBITDA near zero, reflecting a cash-rich balance sheet. Returns on capital are strong, with ROIC at 17% and ROE at 27%, though the ROE figure is elevated partly due to a lean equity base. Growth is moderate, with revenue up +6.5% and EPS up +11%, supported by a healthy operating margin of 16%.
Fortalezas
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Strong financial health with high Altman Z-score and Piotroski score.
Altman Z-score 4.4
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Minimal leverage, with net debt to EBITDA near zero.
Net debt / EBITDA 0.04×
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Solid returns on capital, with ROIC at 17%.
ROIC 17%
Riesgos
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Valuation appears stretched on a book-value basis, with P/TBV very high.
P/TBV 43.1
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Growth is moderate, which may not justify premium multiples.
Revenue growth +6.5%
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High payout ratio may limit reinvestment flexibility.
Payout ratio 47%
Catalizadores
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Next earnings report
17 de dic