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 97,694 125,187 101,924 - -
Change - 3.82% 3.48% 7.59% 28.14% -18.58% - -
Enterprise Value (EV) 1 84,926 89,294 91,706 97,772 125,813 102,183 100,316 98,511
Change - 5.14% 2.7% 6.61% 28.68% -18.78% -1.83% -1.8%
P/E 32.7x 30x 26.8x 26.2x 30.9x 23x 20.9x 19.1x
PBR 14.8x 27.1x 25.8x 21.4x 20.2x 15.8x 13.5x 11.5x
PEG - 2x 1.6x 2.4x 3.2x 2.1x 2.1x 2.02x
Capitalization / Revenue 5.63x 5.32x 5.04x 5.09x 6.09x 4.67x 4.41x 4.17x
EV / Revenue 5.66x 5.41x 5.09x 5.09x 6.12x 4.68x 4.34x 4.03x
EV / EBITDA 22.4x 20.9x 18.6x 17.9x 21.3x 16x 14.5x 13.3x
EV / EBIT 25.1x 23.1x 20.5x 20x 23.5x 17.4x 15.8x 14.4x
EV / FCF 29.1x 30.5x 22.9x 24.8x 26.4x 15.8x 13.1x 9.48x
FCF Yield 3.43% 3.28% 4.36% 4.04% 3.79% 6.32% 7.63% 10.5%
Dividend per Share 2 3.7 4.05 4.79 5.45 6.02 6.607 7.126 7.663
Rate of return 1.86% 1.93% 2.18% 2.28% 1.95% 2.59% 2.79% 3.01%
EPS 2 6.07 7 8.21 9.1 9.98 11.09 12.2 13.36
Distribution rate 61% 57.9% 58.3% 59.9% 60.3% 59.6% 58.4% 57.4%
Net sales 1 15,005 16,498 18,012 19,203 20,561 21,828 23,115 24,466
EBITDA 1 3,787 4,282 4,919 5,452 5,898 6,401 6,929 7,421
EBIT 1 3,384 3,872 4,468 4,890 5,347 5,871 6,352 6,846
Net income 1 2,598 2,949 3,412 3,752 4,080 4,475 4,859 5,250
Net Debt 1 409.8 1,551 905.5 77.9 626.9 258.4 -1,608 -3,413
Reference price 2 198.62 210.04 219.79 238.69 308.40 254.98 254.98 254.98
Nbr of stocks (in thousands) 425,518 417,747 413,123 409,291 405,923 399,734 - -
Announcement Date 28/07/21 27/07/22 26/07/23 31/07/24 30/07/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.13x0.33x8.39x4.44% 7.39B
12.02x0.27x7.41x4.28% 4.82B
31.2x0.69x14.25x5.96% 4B
12.99x0.31x5.02x4.89% 3.62B
85.38x3.07x10.81x-.--% 3.43B
17.77x0.17x7.23x2.54% 2.5B
12.97x - - 3.97% 1.44B
7.59x - - 6.58% 1.09B
23.58x0.77x12.76x2.75% 973M
Average 24.74x 0.80x 9.41x 3.94% 3.25B
Weighted average by Cap. 25.92x 0.72x 8.99x 4%

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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