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What Is The Market Seeing In Accenture Stock That You Are Not?

요약

Accenture (ACN) produced free cash flow worth 11.7% of its market value over the last twelve months, against 4.4% for the median S&P 500 company. A yield that wide means one of two things: a bargain, or a business the market expects to shrink. Accenture sells its people's time, and the discount is a bet on what AI does to that.