5D·

I smelled a rat 🤓

No, just kidding—I didn’t smell a thing 🤗

and neither did Charlie Munger. He actually believed that no one on the stock market knows what’s going to happen—including him and Warren Buffett…

but maybe Trump? 🤪

We have a stock market that some people treat like a casino. And it’s full of people who think they know what’s going to happen, even though they have absolutely no idea - Charlie Munger

But one thing I do know… I bought Accenture at a dividend yield of over 5.4% .

If $ACN (+5,33%) the dividends in the future are are not cut in the future, then at least I can pretend I knew it all along 😄

A month ago, I wrote about my start at Accenture and asked if the falling knife would cut my hands...

Short answer:
not not yet.

Of course, that could change at any time, because a falling price is no guarantee that it will rise in the future.

Since I the term “AI” on the stock market to be nothing but hot air and prices tend to get inflated as soon as the word appears in any headlines , I simply do the opposite of what the herd is doing...

Don’t get mad at me, but in in my opinion , there’s no reason to rate a company like Accenture so low...

But yeah, that’s just the stock market

And as André Kostolany used to say:

When the market hits rock bottom, the hard-nosed investors hold the stocks and the nervous ones hold the cash. At the peak of the boom, the hard-nosed investors hold the cash and the nervous ones hold the stocks

With that in mind, I’d like to reiterate that I know nothing except what I’ve read or seen.

ACN is paying dividends today

What do you think about $ACN (+5,33%) ?

14.08

Accenture

Recebido x40 Dividendos em US$ 1,63

US$ 65,20

34 Comentários

Dividendenopi👴@Dividendenopi

I bought it on June 19 at €114—turns out I wasn't the only one 🤭😇

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Poor Dad@PoorDad

@Dividendenopi I was up 11 days after you 😁

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Dividendenopi👴@Dividendenopi

@PoorDad I also bought "contrarian" shares in $TEP; they've performed even better so far, up a good 50%.

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Poor Dad@PoorDad

@Dividendenopi I saw your post. I think you're happy with your entry... great dividends for compound interest if they keep rising like this. As for the telecommunications sector, I’m mostly just keeping an eye on it. I think SpaceX is awesome for the future—for telecoms and data centers in orbit (with a lot of optimism and imagination 🙃).

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Dividendenopi👴@Dividendenopi

@PoorDad I'm too old to ever get to experience something that imaginative 😇

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Poor Dad@PoorDad

@Dividendenopi Go all in one last time. Bet everything on red 🤣🤣

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Dividendenopi👴@Dividendenopi

@PoorDad I'm not *that* old for the last time, though 🥱🤭🤭😂

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Maxxey@Maxxey

Hey, with your posts, you're starting to give " @Simpson " a run for its money! Except that he doesn't have a crystal ball.

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Poor Dad@PoorDad

@Maxxey I don't like the word "rival"... more like a competitor 🙃 but really, I'm just here... 😄

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Maxxey@Maxxey

@PoorDad Properly declared 🤣 I like that

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SunriseRanger@SunriseRanger

I also bought more at €115 😁—I'm now at about break-even with my position 😅

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Andre@DivGrowth1989

Good job—I went for it too 👍🙏

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Poor Dad@PoorDad

@DivGrowth1989 Not bad at all👍🏽

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Melchior@ColdzeroNL

started buying it in june and have a average price of $161 and 42 shares so have a similar idea about this company and the AI- threat.

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Part_Time_Joe@Part_Time_Joe

I’m also invested in Accenture, but you’d better hope that AI isn’t just “hot air,” because Accenture is basing its entire consulting business on it. So if AI is a bubble, then we’ll see some very different stock prices (double-digit) at Accenture... 😉

That aside, the stock price has only fallen because the market is concerned that clients will go directly to OpenAI, Google, etc., for consulting services. OpenAI has already announced its entry into this segment. In any case, I’m curious to see how this plays out... 👍🏼

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Poor Dad@PoorDad

@Part_Time_Joe By "hot air," I actually meant AI-driven fear... In my opinion, that's just hot air... And that kind of fear isn't anything new on the stock market... with $PAYX $ADP $WKL... etc... it's exactly the same thing

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Alter F.@AlterFalter24

$ACN In my opinion, this is a great opportunity. Once again, the market is overreacting wildly with its panic over the “Saaspocalypse” and the absurd notion that we won’t need software—and consequently, consulting services in this area—in the future.

Unfortunately, I didn’t have any cash on hand to buy right now, but this is exactly the kind of opportunity I’m looking for.

You might need to be patient until the valuation realigns with fundamentals.

But in the meantime, you’ll get your 5.4% dividend 🤓

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Poor Dad@PoorDad

@AlterFalter24 Thanks, that's exactly what I was thinking... but yeah, the paperhands are thinking too short-term... but we need them to snag good prices. I cut my Bristol Myers position in half and shifted the proceeds into ACN... it was a decision driven by gut feeling.

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jkb92@jkb92

I'm in too, and I'm up almost 40%. Today, Trade Republic withheld about 50% of the dividend. How do you guys handle withholding tax? I actually thought there wasn't any.

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PiHu@PiHu

@jkb92

📌 Accenture (IE00B4BNMY34) on Trade Republic: Beware of the tax trap!

Anyone holding Accenture stock on Trade Republic is in for a nasty surprise when it comes to dividends: a tax deduction of over 50% looms!

The problem: Trade Republic withholds 25% Irish withholding tax. Since this isn’t automatically credited in Germany, you’ll also have to pay the full 26.375% German tax.

💡 3 ways to save your money:➡️ Claim it back yourself: File a claim directly with the Irish tax authority (Revenue Commissioners) to get the 25% withholding tax refunded (involves a lot of red tape).

➡️ Switch brokers: Transfer the stock to a broker that reduces the Irish withholding tax directly to 0% (e.g., often available through comdirect, Consorsbank, or flatex).

➡️ Switch to ADRs: Sell the Irish stock and buy Accenture’s U.S. ADR instead. In this case, tax credits apply (effectively only ~26.4% tax).

*I am not personally invested

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Poor Dad@PoorDad

@jkb92 Check with TR Support right away. That would be the most reliable source.

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jkb92@jkb92

@PoorDad I sold it, haha—it was just a trade anyway, and 40% was worth it given how much I put into it.

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Poor Dad@PoorDad

@jkb92 Oh haha, because of the tax? 😅 Still, it was a good trade.

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jkb92@jkb92

@PoorDad Yeah, it was annoying, so I just decided to get out, haha. It also worked out well with the RSI on the daily chart :)

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thomas@opathomas

Congratulations, that's a great start...

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Poor Dad@PoorDad

@opathomas Thanks! It was a gut-feeling purchase 🫡😁

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Chris@Multibagger

A very interesting company, even if you don't care about the division

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Poor Dad@PoorDad

@Multibagger Anyway. For me, it's a good indicator when you're looking at a healthy company. Would you invest in a company like ACN?

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LoneMelone@TradingMelone

I think that if you buy a stock for a dividend yield of 1% above U.S. Treasury bonds, that’s not an adequate risk premium—so you’re buying it, just like any other stock, for price appreciation, and now the question is where and from what source of growth you’ll get 5% –7% per year in price growth.

Because if you’re buying individual stocks for a return of less than 10%–12% per year, the risk-to-reward ratio doesn’t make sense compared to diversified investments🤷

I’m not saying it can’t happen—I’d just be interested in a rationale for why Accenture should grow at a rate disproportionately higher than the market. Aside from the fact that it has fallen sharply.

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Alter F.@AlterFalter24

@TradingMelone: I agree with you there: I don’t think the stock—or rather, the business model—will generate 5–7% growth per year.

When the stock crashed so dramatically, I viewed it as an irrational overreaction that would eventually correct back toward a fair price.

Until then, you collect the dividend, and then, of course, you have to sell and lock in profits.

In other words, the risk-reward ratio naturally depends on the purchase price. When the stock was trading below $130 and offered a dividend yield of over 5%, I viewed that as an asymmetric risk profile because the dividend prevented the price from falling further.

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Poor Dad@PoorDad

@TradingMelone I bought ACN at a P/E ratio of 10 and a P/B ratio of 2.5. My initial yield was over 5%. I probably don’t even need to mention that ACN is extremely undervalued at these levels.

How the company will perform operationally once the stock price reaches its fair value is something we’ll only be able to assess in the future, as management is currently working hard to keep things under control.

I don’t expect too much from ACN in the short term. In the long term, however, I expect corresponding operational performance so that the company can continue to raise its dividend as it has in past decades. This will increase my YoC, which was the most important factor for me in making this purchase.

The difference compared to bond yields lies precisely in the YoC… there are no annual increases of 7% or more, as is the case with fundamentally strong companies.

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FinanzMechaNik@FinanzMechaNikk

Unfortunately, it’s also a fact that even large companies have disappeared after an average of 20 years. Accenture is currently taking steps to address this, and of course I’m keeping my fingers crossed that the transformation will be a success. As the saying on the calendar goes: Keep up with the times, or you’ll be left behind.

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Poor Dad@PoorDad

@FinanzMechaNikk You're right. In the book *Lynch 3*, you'll find plenty of companies like that. $GE is the only company among the original 12 in the Dow Jones (which is no longer in the Dow following the spin-off) that has survived to this day.

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H.S.@financial_ninja

Accenture (NYSE: $ACN)

Accenture has become significantly more interesting after the sharp valuation reset. At $169.98, the stock is no longer priced as a premium-growth compounder, but as a high-quality business facing a period of slower growth and AI-related uncertainty.

Business Quality — 89/100

Accenture remains an exceptional business:

* Global scale and deep enterprise relationships
* Strong technology ecosystem
* High recurring/embedded client relationships
* Excellent free cash flow generation
* Strong capital allocation
* Proven ability to adapt to major technological shifts

The key question is AI. So far, there is no convincing evidence of structural moat erosion. Accenture is increasingly participating in large-scale AI transformation projects rather than simply losing traditional consulting work.

Quality Premium — Positive

Accenture deserves a moderate quality premium versus traditional IT-services companies.

Its combination of consulting, technology, managed services, ecosystem partnerships and long-standing enterprise relationships creates meaningful competitive advantages.

However, the premium should remain restrained while organic growth is running at only ~3–4%.

Reinvestment Runway — 84/100

The runway remains substantial across:

AI, cloud, cybersecurity, data, digital transformation, Industry X and managed services.

The strategic opportunity is excellent; the remaining question is how much of that opportunity translates into sustainable revenue, EPS and FCF growth.

AI Stress Test

The bear case is that AI reduces the amount of human labour required and eventually commoditises parts of Accenture’s offering.

The bull case is more compelling at present: AI increases productivity while simultaneously creating a much larger transformation opportunity.

Current results lean toward the latter. Q3 FY26 revenue grew 3% organically, operating margin reached 17.0%, EPS increased 9%, and quarterly FCF was $3.6B.

Verdict: PASS, but with elevated monitoring.

Valuation

FY26 adjusted EPS guidance is $13.78–13.90, putting ACN at approximately:

12.3× forward earnings

FY26 FCF guidance of $10.8–11.5B implies roughly:

10.4–11.1% FCF yield

That is highly attractive for a company of this quality.

Fair Value

Scenario Fair Value
Bear $155
Base $220
Quality-adjusted $230–235
Bull $270

I would use approximately $225/share as central fair value.

At $169.98, that represents roughly 32% upside to fair value and a ~24% margin of safety.

Score

~83/100 — BUY

* >$220: WATCH
* $195–220: BUY
* $165–195: 🟢 BUY
* $145–165: 🟢🟢 STRONG BUY
* <$145: 🟢🟢🟢 Exceptional opportunity

Bottom line

At $169.98, the valuation already reflects a significant amount of the growth slowdown. The investment thesis does not require Accenture to return to 10%+ growth; moderate growth, strong FCF, buybacks and dividends could be sufficient for attractive long-term returns.

Main risk: AI must prove to be a growth and productivity catalyst rather than a mechanism for commoditising Accenture’s traditional labour-based economics.

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