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 97,694 125,187 105,598 - -
Change - 3.82% 3.48% 7.59% 28.14% -15.65% - -
Enterprise Value (EV) 1 84,926 89,294 91,706 97,772 125,813 105,856 103,990 102,185
Change - 5.14% 2.7% 6.61% 28.68% -15.86% -1.76% -1.74%
P/E 32.7x 30x 26.8x 26.2x 30.9x 23.8x 21.7x 19.8x
PBR 14.8x 27.1x 25.8x 21.4x 20.2x 16.4x 14x 11.9x
PEG - 2x 1.6x 2.4x 3.2x 2.1x 2.2x 2.09x
Capitalization / Revenue 5.63x 5.32x 5.04x 5.09x 6.09x 4.84x 4.57x 4.32x
EV / Revenue 5.66x 5.41x 5.09x 5.09x 6.12x 4.85x 4.5x 4.18x
EV / EBITDA 22.4x 20.9x 18.6x 17.9x 21.3x 16.5x 15x 13.8x
EV / EBIT 25.1x 23.1x 20.5x 20x 23.5x 18x 16.4x 14.9x
EV / FCF 29.1x 30.5x 22.9x 24.8x 26.4x 20.8x 19.1x 17.9x
FCF Yield 3.43% 3.28% 4.36% 4.04% 3.79% 4.8% 5.22% 5.57%
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% 2.5% 2.7% 2.9%
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 2 198.62 210.04 219.79 238.69 308.40 264.17 264.17 264.17
Nbr of stocks (in thousands) 425,518 417,747 413,123 409,291 405,923 399,734 - -
Announcement Date 7/28/21 A 7/27/22 A 7/26/23 A 7/31/24 A 7/30/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.82x4.85x16.54x2.5% 106B
19.82x0.34x8.64x4.29% 7.67B
12.67x0.28x7.67x4.06% 5.09B
31.01x0.68x14.15x6% 3.97B
13.16x0.31x5.1x4.82% 3.67B
89.09x3.16x11.13x-.--% 3.58B
18.35x0.17x7.41x2.46% 2.58B
13.12x - - 3.93% 1.46B
7.8x - - 6.4% 1.12B
23.07x0.77x12.27x2.74% 979M
Average 25.19x 1.32x 10.36x 3.72% 13.57B
Weighted average by Cap. 24.46x 4.00x 15.00x 2.81%

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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