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Strong 2024 Growth Prospects for Accenture and Grab Holdings

Investment Analysis: 2024 shows promising growth for Accenture and Grab Holdings based on prior success and strong fundamentals.

Date: 
AI Rating:   8

Market Overview
2024 is shaping up to be an optimistic year for certain stocks, particularly Accenture (NYSE: ACN) and Grab Holdings (NASDAQ: GRAB), as they exhibit strong financial metrics and growth potential. This report highlights various aspects of their financial performances, which could influence investor confidence and stock prices.

Accenture's Performance
Accenture has demonstrated steady revenue growth, with revenue rising to $64.896 million in fiscal 2024 from $61.594 million in 2022. In the first quarter of fiscal 2025, revenue grew by 9% year-over-year to $17.7 billion, with a marked increase in net income, growing 15.5% year over year to $2.3 billion. The operating income climbed by 15% to reach $2.9 billion. The company has also increased its dividend per share by 15% year-over-year to $1.48, signaling strong profit margins and shareholder return. Notably, its free cash flow increased significantly to $870 million, over double from the previous year's $430 million, and a robust return on invested capital was above 20%.

Grab Holdings Growth Metrics
In terms of performance, Grab has shown remarkable recovery and growth, transitioning from a negative gross margin in 2021 to a gross margin of 36.5% by 2023, marking a positive trend. The revenue surged nearly fourfold from $675 million in 2021 to $2.359 billion in 2023, with a subsequent increase in gross profit. For the first nine months of 2024, revenue grew 19% to $2 billion, with gross profit reaching $842 million, corresponding to a gross margin improvement to 41.4%. The free cash flow became positive, generating $530 million during this period, a substantial year-over-year increase, which underlines solid operational performance.

Miniso Group's Developments
Additionally, Miniso Group (NYSE: MNSO) illustrates strong recovery through steady revenue growth leading to profitability. Revenue increased consistently from RMB 9.072 billion in 2021 to RMB 11.473 billion in 2023, along with rising operating profit. In the first nine months of 2024, revenue grew 22.8% year-over-year and net income reached RMB 1.8 billion.

Conclusion
Each of these companies showcases solid fundamentals, including profit growth, improving margins and free cash flow, and beneficial shareholder returns. Such metrics can lead to favorable investor sentiment, ultimately supporting an upward trajectory in stock prices within the coming year. Investors should closely watch these firms for continued stability and potential growth.

Stocks:  ACN GRAB MNSO