Company Valuation: Automatic Data Processing, Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 84,516 87,744 90,800 97,694 125,187 107,653 - -
Change - 3.82% 3.48% 7.59% 28.14% -14.01% - -
Enterprise Value (EV) 1 84,926 89,294 91,706 97,772 125,813 90,394 105,591 103,466
Change - 5.14% 2.7% 6.61% 28.68% -28.15% -2.15% -2.01%
P/E 32.7x 30x 26.8x 26.2x 30.9x 20.5x 22.1x 20.2x
PBR 14.8x 27.1x 25.8x 21.4x 20.2x 15x 14.5x 12x
PEG - 2x 1.6x 2.4x 3.2x 2.13x 2.1x 2.14x
Capitalization / Revenue 5.63x 5.32x 5.04x 5.09x 6.09x 4.08x 4.64x 4.38x
EV / Revenue 5.66x 5.41x 5.09x 5.09x 6.12x 4.12x 4.55x 4.21x
EV / EBITDA 22.4x 20.9x 18.6x 17.9x 21.3x 14.4x 15.2x 13.8x
EV / EBIT 25.1x 23.1x 20.5x 20x 23.5x 15.4x 16.5x 15x
EV / FCF 29.1x 30.5x 22.9x 24.8x 26.4x 17.2x 21.8x 19.5x
FCF Yield 3.43% 3.28% 4.36% 4.04% 3.79% 5.8% 4.59% 5.14%
Dividend per Share 2 3.7 4.05 4.79 5.45 6.02 6.607 7.113 7.656
Rate of return 1.86% 1.93% 2.18% 2.28% 1.95% 2.44% 2.63% 2.83%
EPS 2 6.07 7 8.21 9.1 9.98 10.94 12.23 13.39
Distribution rate 61% 57.9% 58.3% 59.9% 60.3% 59.6% 58.1% 57.2%
Net sales 1 15,005 16,498 18,012 19,203 20,561 21,947 23,225 24,555
EBITDA 1 3,787 4,282 4,919 5,452 5,898 6,270 6,942 7,486
EBIT 1 3,384 3,872 4,468 4,890 5,347 5,875 6,393 6,890
Net income 1 2,598 2,949 3,412 3,752 4,080 4,414 4,856 5,258
Net Debt 1 409.8 1,551 905.5 77.9 626.9 873.3 -2,061 -4,187
Reference price 2 198.62 210.04 219.79 238.69 308.40 270.62 270.62 270.62
Nbr of stocks (in thousands) 425,518 417,747 413,123 409,291 405,923 397,800 - -
Announcement Date 7/28/21 7/27/22 7/26/23 7/31/24 7/30/25 7/29/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.41x0.34x8.49x4.38% 7.6B
12.44x0.28x7.61x4.11% 5.08B
32.18x0.71x14.74x5.78% 4.12B
12.45x0.29x4.78x5.1% 3.61B
88.07x3.14x11.04x-.--% 3.54B
18.15x0.17x7.35x2.49% 2.55B
13.67x - - 3.77% 1.53B
7.94x - - 6.22% 1.15B
22.9x0.76x12.21x2.76% 974M
Average 25.25x 0.81x 9.46x 3.85% 3.35B
Weighted average by Cap. 26.49x 0.74x 9.13x 3.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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