Accenture (ACN) has been grinding higher recently, with the stock up about 7% over the past month despite a rough year for shareholders. That move has investors rechecking whether today’s price still lines up with fundamentals.
See our latest analysis for Accenture.
The recent rebound follows a tough stretch, with a negative year to date share price return and a roughly 12 month total shareholder return still in the red. This hints that sentiment is improving but not fully repaired.
If Accenture has you rethinking your tech exposure, this could be a good moment to explore high growth tech and AI stocks for other potential opportunities riding similar digital transformation themes.
With earnings still growing and the share price lagging its recent peak, investors now face a key question: is Accenture quietly offering value at today’s levels, or is the market already pricing in its next leg of growth?
According to FCruz, the narrative implies a fair value well below Accenture’s last close of $266.59, setting up a tension between quality and price.
Bottom line (fundamental stance) I’m moderately constructive over 12 to 18 months. Accenture combines (i) scaled exposure to GenAI-led reinvention with tangible bookings, (ii) high-quality margins, returns, and FCF, and (iii) a reset valuation near historical norms. The near-term swing factor is bookings momentum; if that stabilizes or improves, upside to the Street’s mid-30s EPS multiple case becomes more plausible.
Read the complete narrative.
Want to see how modest revenue growth, steady margins and a premium future earnings multiple still argue for a much lower fair value than today? The full narrative walks through those moving parts step by step, but keeps one core valuation lever front and center. Curious which assumption does most of the heavy lifting, and how sensitive the outcome is if it shifts?
Result: Fair Value of $202.38 (OVERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, persistent weakness in bookings or a sharper slowdown in consulting spend could quickly challenge the case for Accenture’s current premium valuation.
Find out about the key risks to this Accenture narrative.
While the most popular narrative sees Accenture as roughly 31.7% overvalued, our valuation work using a simple earnings multiple lands in a different place. At 21.5 times earnings, the stock trades well below the US IT industry average of 30.3 times and peers at 25.3 times, and also below a fair ratio of 36.7 times that the market could drift toward over time.
That gap suggests investors are paying a noticeable discount for a business with high quality earnings and strong returns on equity, which could limit downside if growth stays steady. However, it also raises a tougher question: what if the market never fully closes that valuation gap?
See what the numbers say about this price — find out in our valuation breakdown.
NYSE:ACN PE Ratio as at Dec 2025
If you see the story differently or prefer your own due diligence, you can build a personalized view in just minutes with Do it your way.
A good starting point is our analysis highlighting 5 key rewards investors are optimistic about regarding Accenture.
Before you move on, lock in an edge by scanning fresh opportunities with the Simply Wall Street Screener so your next decision is intentional and not reactive.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ACN.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Wondering if First Quantum Minerals is still good value after its big run, or if you are late to the party? This breakdown will help you decide whether the current price makes sense or is getting ahead of itself.
The stock has climbed 4.6% over the last week, 16.8% over the past month, and 76.0% year to date, with a 63.4% gain over the past year that has clearly caught the market’s attention.
Much of this move has been driven by shifting sentiment around copper prices and expectations for long term supply constraints, as investors increasingly treat copper exposed miners as leveraged plays on the energy transition. On top of that, headlines around First Quantum’s asset mix, project pipeline, and jurisdictional risks have kept the stock in the spotlight and added volatility to how investors are pricing its future cash flows.
Despite the rally, First Quantum Minerals currently scores 5 out of 6 on our valuation checks, suggesting it still screens as undervalued on most metrics. Next, we will dig into those different valuation approaches, before finishing with a more holistic way to think about what the stock is really worth.
Find out why First Quantum Minerals’s 63.4% return over the last year is lagging behind its peers.
The Discounted Cash Flow model estimates what a business is worth by projecting the cash it could generate in the future and then discounting those cash flows back to today in dollar terms. For First Quantum Minerals, the 2 Stage Free Cash Flow to Equity model starts from last twelve month free cash flow of about $1.5 billion, and then applies analyst forecasts for the next few years before extrapolating longer term trends.
Analysts and model estimates see free cash flow rising to roughly $4.0 billion by 2029, with detailed projections stepping up from the low hundreds of millions in 2026 into the multi billion range later in the decade as new projects and higher copper volumes are factored in. Simply Wall St then extends these growth patterns into the following years to capture a full value for the business.
Bringing all of those cash flows back to today, the DCF fair value is estimated at $93.10 per share. That implies the shares trade at about a 64.2% discount to intrinsic value, which suggests material upside if these cash flow assumptions prove broadly correct.
Result: UNDERVALUED
Our Discounted Cash Flow (DCF) analysis suggests First Quantum Minerals is undervalued by 64.2%. Track this in your watchlist or portfolio, or discover 906 more undervalued stocks based on cash flows.
FM Discounted Cash Flow as at Dec 2025
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for First Quantum Minerals.
For cyclical and capital intensive businesses like miners, price to sales is often a more reliable yardstick than earnings based multiples, because profits can swing wildly with commodity prices while revenue tends to be more stable and reflective of underlying scale.
In general, faster expected growth and lower perceived risk justify a higher price to sales multiple, while slower growth or elevated risk warrant a discount, so there is no single “right” number that fits every company or cycle.
First Quantum Minerals currently trades at about 3.98x sales, a shade below the Metals and Mining industry average of roughly 6.41x and slightly under the 4.12x peer group average. This suggests the market is still assigning it a modest discount despite the strong share price performance.
Simply Wall St’s proprietary Fair Ratio framework estimates what a reasonable price to sales multiple should be for First Quantum, given its growth outlook, margins, industry, size and risk profile. This approach is more tailored than simple peer comparisons because it adjusts for company specific strengths and weaknesses.
On this basis, First Quantum’s Fair Ratio comes out at about 4.42x, which sits above the current 3.98x sales. This indicates the shares still screen as undervalued on a sales multiple basis.
Result: UNDERVALUED
TSX:FM PS Ratio as at Dec 2025
PS ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1442 companies where insiders are betting big on explosive growth.
Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, a simple way to connect your view of First Quantum Minerals with the numbers behind it. A Narrative is your story for the company, where you spell out how you think its revenue, earnings and margins will develop, and link that story directly to a financial forecast and then to a fair value estimate. On Simply Wall St’s Community page, used by millions of investors, Narratives are an easy to use tool that help you assess opportunities by constantly comparing your fair value view to the current share price. They update dynamically as new information such as news or earnings is released, so your investment thesis does not sit still while the world moves on. For example, one Narrative for First Quantum Minerals might assume strong copper demand and place fair value far above today’s price, while another builds in higher political and project risk and concludes that the stock is already fairly valued.
Do you think there’s more to the story for First Quantum Minerals? Head over to our Community to see what others are saying!
TSX:FM Community Fair Values as at Dec 2025
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include FM.TO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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Jodie Foster, Billie Perkins, and Robert De Niro perform a scene in Taxi Driver directed by Martin Scorsese in 1976 in New York, New York.
Michael Ochs Archives | Moviepix | Getty Images
In the dwindling days of the California gold rush, the wife of a local miner faced a problem.
Her husband’s denim work pants kept ripping, so her tailor, Jacob Davis, had the idea to add copper rivets to key points of strain, like the pocket corners and the base of the button fly, to keep them from tearing.
Davis’ “riveted pants” soon became a roaring success and, unbeknownst to him at the time, marked the official birth of the blue jean, a garment that would transform fashion and come to represent the United States around the globe.
“It really has democratized American fashion and it also is the greatest export that we have sent to the world, because people identify jeans specifically with American Western culture,” said Shawn Grain Carter, a fashion professor at the Fashion Institute of Technology in New York. “It doesn’t matter your economic or social class. It doesn’t matter what your views are in terms of the political spectrum. Everybody wears denim.”
Jacob Davis
Courtesy: Levi Strauss & Co.
These days, denim is a major sales driver for retailers big and small, as the global denim market reached $101 billion this year, up 28% from 2020, according to data from market research company Euromonitor International. Major apparel companies from American Eagle to Levi Strauss are in a race to corner that market, leaning on A-list celebrities like Sydney Sweeney and Beyonce to win over shoppers and drive sales in an unsteady economy.
But if it weren’t for Levi Strauss, founder of the eponymous blue jeans company, Davis’ invention may not have gone far beyond the railroad town where it was created in the early 1870s.
How Levi’s created blue jeans
Soon after Davis created his riveted pants, called “waist overalls” or “overalls” at the time, they began selling like “hot cakes” and he needed a business partner to secure a patent, said Tracey Panek, Levi’s in-house historian. So he wrote to Strauss, a Bavarian-born immigrant who was running a successful wholesale business in San Francisco and had supplied Davis the denim he used to create his riveted pants.
“The secret of them Pents is the Rivits that I put in those Pockets and I found the demand so large that I cannot make them up fast enough,” Davis wrote Strauss in a letter, according to PBS.
Levi Strauss
Courtesy: Levi Strauss & Co.
Strauss, an “astute” businessman, recognized the opportunity and agreed to partner with Davis, said Panek.
“This would have been the first time that Levi was actually” manufacturing his own products, said Panek. “He was no longer just importing and selling other people’s goods. He was manufacturing himself and selling to retailers.”
On May 20, 1873, the two men secured a patent for the riveted pants and eventually opened a factory on Fremont Street, close to the modern-day Salesforce tower in San Francisco’s financial district.
They promised to offer workers the most durable jeans on the market and soon, business was booming.
Dude ranch duds and the American worker
Through Strauss’ connections as a wholesaler, the company’s riveted overalls soon spread across the U.S., becoming the garment of choice for working men everywhere: miners, cowboys, farmers – any role that required durable clothing.
Jeans were exclusively reserved for work settings at the time, but as emerging denim manufacturers vied for a similar customer base, they looked to expand their assortment to drive sales.
“Slowly and steadily into the 20th century, you start to see some of these manufacturers making variations,” said Sonya Abrego, a New York City-based fashion historian. “There was this one design called spring bottom pants that was kind of a more form fitted, a more dressed up, a slightly flared, maybe what the factory foreman would be wearing, right? As opposed to just the guy on the shop floor.”
In 1934, Levi created the first ever line of jeans for women. Around that time, denim started to become more popular in settings outside of work, primarily for activities like dude ranch vacations, camping and horseback riding.
“So they were kind of taking on a cowboy’s garment or a worker’s garment but wearing it in a … resort setting,” said Abrego.
Courtesy: Levi Strauss & Co.
Dude ranch vacations had become popular because there were finally highways connecting different parts of the country, and few were willing to venture to Europe during a war. Companies like Levi began releasing advertisements highlighting their denim as “dude ranch duds” and “authentic western riding wear” to capture shoppers looking for jeans to bring with them on vacation, according to archival advertisements from the time.
These cultural moments helped to expand denim beyond workers, but jeans didn’t become widespread casual attire until after World War II, when American fashion overall started to shift.
The rise of the backyard BBQ
By the time World War II ended, the mighty American consumer was beginning to emerge. For years, Americans had been forced to ration common goods like rubber, sugar and meat while simultaneously being encouraged to save their money by buying war bonds and socking away spare cash.
When the country shifted from wartime to peacetime, Americans were ready to splurge and soon began spending big on new cars, appliances and clothes.
“With a little bit more money to spend, you start seeing a bigger push for leisure clothes and fun clothes and play clothes, clothes to wear to backyard barbecues,” said Abrego. “Clothes that we would consider today as just like casual style.”
Courtesy: Levi Strauss & Co.
Slowly and surely, it became more and more acceptable for both men and women to wear jeans outside of work settings. Then, denim manufacturers made a push to allow jeans in schools.
“They wanted to sell to as many people as they possibly could,” said Abrego. “The idea that jeans are good for school means that they’re good for every day.”
By the time the 1960s hit, denim manufacturers had expanded their products and were selling a wide variety of colors, fits and styles. It became a symbol of the hippie movement and a mainstay on Hollywood sets.
Soon, denim was everywhere, and the 1970s brought the iconic bell bottom pants and the first iteration of the “designer jean” — denim pants being produced by labels and brands whose designs had nothing to do with work wear or western wear, like Calvin Klein and Gloria Vanderbilt.
Since then, denim has remained a constant in global fashion. While silhouettes, washes and fits have changed over time, jeans never really go out of style, which is what makes them so enduring, said Abrego.
“This is a design from 1873 … do we see anything else from 1873 on the street? It’s kind of wild if you think about it that way,” said Abrego. “We can talk about all the details, all the changes in manufacturing and all the different fits and finishes but it’s a recognizable thing, it’s still a pair of jeans. For me as a historian, that continuity is so compelling because I can’t really name anything else that has stayed the same to this degree.”
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Institutions’ substantial holdings in Ameriprise Financial implies that they have significant influence over the company’s share price
A total of 17 investors have a majority stake in the company with 50% ownership
Recent sales by insiders
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A look at the shareholders of Ameriprise Financial, Inc. (NYSE:AMP) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 87% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Institutional investors would appreciate the 4.7% increase in share price last week, given their one-year losses have totalled a disappointing 14%.
Let’s delve deeper into each type of owner of Ameriprise Financial, beginning with the chart below.
See our latest analysis for Ameriprise Financial
NYSE:AMP Ownership Breakdown December 6th 2025
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
We can see that Ameriprise Financial does have institutional investors; and they hold a good portion of the company’s stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at Ameriprise Financial’s earnings history below. Of course, the future is what really matters.
NYSE:AMP Earnings and Revenue Growth December 6th 2025
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don’t have many shares in Ameriprise Financial. The Vanguard Group, Inc. is currently the largest shareholder, with 13% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 9.7% and 4.8%, of the shares outstanding, respectively.
Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 17 shareholders, meaning that no single shareholder has a majority interest in the ownership.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our information suggests that Ameriprise Financial, Inc. insiders own under 1% of the company. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own US$90m worth of shares (at current prices). In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.
With a 13% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Ameriprise Financial. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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