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 89,361 - -
Change - 3.82% 3.48% 7.59% 28.14% -28.62% - -
Enterprise Value (EV) 1 84,926 89,294 91,706 97,772 125,813 89,619 87,752 85,947
Change - 5.14% 2.7% 6.61% 28.68% -28.77% -2.08% -2.06%
P/E 32.7x 30x 26.8x 26.2x 30.9x 20.2x 18.3x 16.8x
PBR 14.8x 27.1x 25.8x 21.4x 20.2x 13.8x 11.9x 10.1x
PEG - 2x 1.6x 2.4x 3.2x 1.8x 1.85x 1.79x
Capitalization / Revenue 5.63x 5.32x 5.04x 5.09x 6.09x 4.09x 3.87x 3.65x
EV / Revenue 5.66x 5.41x 5.09x 5.09x 6.12x 4.11x 3.8x 3.51x
EV / EBITDA 22.4x 20.9x 18.6x 17.9x 21.3x 14x 12.7x 11.6x
EV / EBIT 25.1x 23.1x 20.5x 20x 23.5x 15.3x 13.8x 12.6x
EV / FCF 29.1x 30.5x 22.9x 24.8x 26.4x 15.5x 11.4x 8.3x
FCF Yield 3.43% 3.28% 4.36% 4.04% 3.79% 6.46% 8.74% 12%
Dividend per Share 2 3.7 4.05 4.79 5.45 6.02 6.606 7.111 7.663
Rate of return 1.86% 1.93% 2.18% 2.28% 1.95% 2.95% 3.18% 3.43%
EPS 2 6.07 7 8.21 9.1 9.98 11.09 12.19 13.33
Distribution rate 61% 57.9% 58.3% 59.9% 60.3% 59.6% 58.4% 57.5%
Net sales 1 15,005 16,498 18,012 19,203 20,561 21,826 23,104 24,459
EBITDA 1 3,787 4,282 4,919 5,452 5,898 6,400 6,927 7,411
EBIT 1 3,384 3,872 4,468 4,890 5,347 5,870 6,343 6,832
Net income 1 2,598 2,949 3,412 3,752 4,080 4,475 4,853 5,239
Net Debt 1 409.8 1,551 905.5 77.9 626.9 258.4 -1,608 -3,413
Reference price 2 198.62 210.04 219.79 238.69 308.40 223.55 223.55 223.55
Nbr of stocks (in thousands) 425,518 417,747 413,123 409,291 405,923 399,734 - -
Announcement Date 7/28/21 7/27/22 7/26/23 7/31/24 7/30/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.23x0.25x6.39x6.33% 5.21B
13.03x0.3x5.37x4.48% 3.35B
24.9x0.55x11.13x7.23% 3.29B
8.16x0.21x5.61x6.28% 3.19B
76.03x2.85x10.02x-.--% 3.06B
13.41x0.14x5.96x3.72% 1.68B
12.15x - - 4.24% 1.35B
7.05x - - 7.13% 1.01B
35.73x6.98x22.94x-.--% 911M
Average 22.63x 1.61x 9.63x 4.38% 2.56B
Weighted average by Cap. 23.06x 0.97x 8.09x 4.82%

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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