TGM's two-stage DCF values Accenture plc (ACN) between $214.19 and $360.05 depending on assumptions, with a base case of $274.11. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (9.5%) reflects its beta.
What would today's price require?
$177.80 is justified only if free cash flow grows about -3.3% a year (fading to 2.5% long-run) at a 9.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 4.7%/yr | 10.5% | $214.19 |
| Base case | 7.7%/yr | 9.5% | $274.11 |
| Optimistic | 10.7%/yr | 8.5% | $360.05 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 8, 2026 · assumptions not provided | $215.17 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$177.80
Market-Implied Growth
-3.3%/yr
vs +6.5% 5Y actual
Model Scenario Range
$214.19 – $360.05
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for ACN (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $8.9B · 0.61B shares · net cash $6.3B
Estimated Fair Value
$274.11
+54.2% vs $177.80
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 7.7%/yr FCF growth and 10-year horizon fixed. Green = above today's $177.80; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.5% | $330 | $354 | $383 | $418 | $462 |
| 8.5% | $283 | $300 | $319 | $343 | $371 |
| 9.5% | $248 | $260 | $274 | $290 | $309 |
| 10.5% | $220 | $230 | $240 | $252 | $266 |
| 11.5% | $198 | $206 | $214 | $223 | $233 |
