2024-06-10 10:59:59 ET
Summary
- I find it challenging to recommend Accenture plc given its high valuation and recent downward revision of growth prospects.
- 20x forward free cash flow raises questions about the justification for paying such a premium.
- Despite its solid balance sheet and cash flow generation, uncertainties surrounding Accenture's growth trajectory and valuation warrant caution.
Investment Thesis
Accenture plc ( ACN ) specializes in consulting services. And its stock is priced at 20x forward free cash flow. A multiple that is expensive for what Accenture offers investors....
Read the full article on Seeking Alpha
For further details see:
Accenture: Calling It A Day Here (Downgrade)