Presentation / Analysis Accenture ($ACN (+0.97%) )
ACN is the world's largest direct seller of telecommunications, energy and other essential services to consumers and businesses. Founded in 1993 in the USA, ACN has since expanded to over 27 countries on four continents.
ACN's business model is based on direct sales, with independent contractors (UUs) offering products and services such as cellular, energy, broadband Internet, TV and security. These services are designed to meet the everyday needs of customers.
A key feature of ACN is the use of network marketing, whereby self-employed staff, known as "independent contractors" (UU), sell the products and services and are paid on a commission basis.
In addition to telecommunications and energy services, ACN also offers other services in some regions, including security solutions for homes and businesses.
Fundamental analysis
Strengths:
- Solid business model: 64% consulting / 36% outsourcing (2023), with stable revenues (↑1.22% YoY) and profitable growth (EPS ↑6.24%)
- Competitive advantages: Market leader in digital transformation (focus on GenAI, cloud) with global presence
- Financial health:
- Low debt (debt/equity: 0.20)
- Strong profitability (ROE 26.95%, ROIC 17.81%)
- Liquidity (current ratio: 1.47)
Valuation ratios (as of 2024-08-31):
P/E ratio 26.35 Above average
P/B ratio 6.83 Premium valuation
P/E ratio 3.00 Moderate
Chart analysis
Current status (31.03.2025):
- Price: €287.95 (ISIN IE00B4BNMY34)
- Important levels:
- Support: € 280-290 (historically relevant zone)
- Resistance: €360-390 (double top pattern October 2024)
Indicators:
- 50-day DMA: €351.87 (below 200-day DMA: €360.30 → bearish trend)
- Pivot points:
- Support: 365.41€ / 361.38€
- Resistance: 373.16€ / 380.91€
Entry points:
- Bullish: Breakout above € 373.16 or rebound from € 365
- Bearish: Fall below €361.38 confirms downward trend
Opportunities & risks
Opportunities:
- $2-3bn acquisition budget 2025 for technology expansions
- GenAI bookings show strong momentum
- Global expansion (e.g. Saudi Arabia cloud sovereignty)
Risks:
- Geopolitical tensions (global operations)
- Slowdown in procurement activities with customers
- High valuation (P/E ratio ↑26.35) with moderate sales growth
Regulatory context (regulatory & compliance expert)
- Focus on AI compliance (in particular GenAI)
- Cloud sovereignty initiatives in key markets
- Strong risk management practices for acquisitions
Trading recommendation
Consolidated entry strategy:
Wait until:
- Confirmation of an uptrend (close > 50-day DMA) OR
- Test of support at ~€280 with volume support
Limit position size (due to high P/B ratio)
Stop loss: 5% below entry
Hope someone could help gladly open for suggestions and opinions. No investment advice
