Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Accenture (ACN)

Price updated 06 Nov 2026 09:55; TTM through 31 Aug 2026; TTM financials updated 06 Nov 2026 12:42.

Starts from TTM through 31 Aug 2026 financials in USD and a share price of USD 265.16. Growth begins at 5.9% a year (the valuation's blended assumption) and fades to 3.3% by year 10. Margins held at EBITDA 17.9%, net 11.3%, free cash flow 15.7% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

Year 1 uses analyst consensus revenue growth (5.1%); year 2 is halfway back to the model's own path.
USD 266.69Model fair value (Free-cash-flow DCF); range USD 203.44 to USD 372.01
1%Fair value vs today's price
LowModel confidence
25%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF is somewhat apart; trailing-twelve-month data; profit and cash flow steady for 3 years; value is more than 1.5x the Earnings-based DCF value.

6.5%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
USD 114.62BRevenue in year 10 (base)
USD 12.98BNet income in year 10 (base)
USD 17.95BFree cash flow in year 10 (base)
USD 10.17Dividend per share in year 10 (base)
USD 410.27Implied share price in year 10 (base), today USD 265.16
11.2%Year-10 free cash flow per share vs today's price

Free cash flow over time

USD 0 USD 6.24B USD 12.49B USD 18.73B USD 24.98B FY2022 FY2024 FY2026 TTM through 31 Aug 2026 +1 +3 +5 +7 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear -0.9% USD 12.73B 0.9%
Base 5.1% USD 17.95B 4.4%
Bull 11.1% USD 24.98B 8.0%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 31 Aug 2026– USD 74.18BUSD 13.28BUSD 8.40BUSD 11.62B 13.8819.206.5852.15265.16
Year 15.1% USD 77.95BUSD 13.95BUSD 8.83BUSD 12.21B 14.5820.176.9259.82278.71
Year 25.3% USD 82.10BUSD 14.69BUSD 9.30BUSD 12.86B 15.3621.257.2967.89293.62
Year 35.3% USD 86.43BUSD 15.47BUSD 9.79BUSD 13.54B 16.1722.377.6776.39309.19
Year 45.0% USD 90.73BUSD 16.24BUSD 10.28BUSD 14.21B 16.9823.488.0585.32324.69
Year 54.7% USD 94.99BUSD 17.00BUSD 10.76BUSD 14.88B 17.7724.588.4394.66340.04
Year 64.4% USD 99.18BUSD 17.75BUSD 11.23BUSD 15.54B 18.5625.678.80104.41355.02
Year 74.1% USD 103.26BUSD 18.48BUSD 11.69BUSD 16.18B 19.3226.729.17114.57369.63
Year 83.8% USD 107.21BUSD 19.19BUSD 12.14BUSD 16.79B 20.0627.759.52125.11383.78
Year 93.5% USD 111.01BUSD 19.87BUSD 12.57BUSD 17.39B 20.7728.739.85136.03397.36
Year 103.3% USD 114.62BUSD 20.51BUSD 12.98BUSD 17.95B 21.4429.6610.17147.30410.27

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.