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Accenture (BSP:ACNB34) Cyclically Adjusted FCF per Share : R$55.06 (As of Feb. 2024)


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What is Accenture Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Accenture's adjusted free cash flow per share for the three months ended in Feb. 2024 was R$15.512. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$55.06 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Accenture's average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Accenture was 17.20% per year. The lowest was 9.10% per year. And the median was 11.05% per year.

As of today (2024-05-24), Accenture's current stock price is R$1554.13. Accenture's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was R$55.06. Accenture's Cyclically Adjusted Price-to-FCF of today is 28.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Accenture was 52.74. The lowest was 20.88. And the median was 29.30.


Accenture Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Accenture's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Accenture Cyclically Adjusted FCF per Share Chart

Accenture Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.42 37.52 40.37 47.68 53.22

Accenture Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.07 52.40 53.22 52.67 55.06

Competitive Comparison of Accenture's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, Accenture's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Accenture's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Accenture's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Accenture's Cyclically Adjusted Price-to-FCF falls into.



Accenture Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Accenture's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=15.512/120.3864*120.3864
=15.512

Current CPI (Feb. 2024) = 120.3864.

Accenture Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 4.105 100.573 4.914
201408 5.105 100.773 6.099
201411 3.072 99.975 3.699
201502 0.911 99.377 1.104
201505 5.861 100.374 7.030
201508 7.493 100.773 8.951
201511 3.093 99.776 3.732
201602 1.282 99.277 1.555
201605 7.971 100.374 9.560
201608 9.189 100.673 10.988
201611 5.024 99.676 6.068
201702 0.236 99.776 0.285
201705 8.059 100.573 9.647
201708 8.369 101.072 9.968
201711 4.335 100.174 5.210
201802 3.920 100.274 4.706
201805 10.064 100.972 11.999
201808 11.607 101.769 13.730
201811 5.514 100.773 6.587
201902 6.998 100.872 8.352
201905 12.192 101.969 14.394
201908 11.595 102.467 13.623
201911 4.428 101.869 5.233
202002 9.147 101.969 10.799
202005 22.637 101.470 26.857
202008 25.077 101.470 29.752
202011 12.715 100.773 15.190
202102 20.454 101.570 24.243
202105 18.366 103.165 21.432
202108 17.906 104.361 20.656
202111 3.014 106.155 3.418
202202 16.067 107.251 18.035
202205 22.215 111.239 24.042
202208 29.007 113.383 30.799
202211 3.271 115.677 3.404
202302 18.056 116.402 18.674
202305 24.549 118.696 24.899
202308 24.762 120.628 24.712
202311 3.301 120.145 3.308
202402 15.512 120.386 15.512

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Accenture  (BSP:ACNB34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Accenture's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1554.13/55.06
=28.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Accenture was 52.74. The lowest was 20.88. And the median was 29.30.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Accenture Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Accenture's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Accenture (BSP:ACNB34) Business Description

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Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

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