Company Valuation: Automatic Data Processing, Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 87,744 90,800 97,694 125,187 89,520 108,437 - -
Change - 3.48% 7.59% 28.14% -28.49% 21.13% - -
Enterprise Value (EV) 1 89,294 91,706 97,772 125,813 90,394 106,392 104,249 102,257
Change - 2.7% 6.61% 28.68% -28.15% 17.7% -2.01% -1.91%
P/E 30x 26.8x 26.2x 30.9x 20.5x 22.3x 20.4x 18.9x
PBR 27.1x 25.8x 21.4x 20.2x 15x 14.6x 12.1x 10.2x
PEG - 1.6x 2.4x 3.2x 2.13x 1.9x 2.16x 2.46x
Capitalization / Revenue 5.32x 5.04x 5.09x 6.09x 4.08x 4.67x 4.42x 4.18x
EV / Revenue 5.41x 5.09x 5.09x 6.12x 4.12x 4.58x 4.25x 3.95x
EV / EBITDA 20.9x 18.6x 17.9x 21.3x 14.4x 15.3x 13.9x 12.8x
EV / EBIT 23.1x 20.5x 20x 23.5x 15.4x 16.6x 15.1x 13.9x
EV / FCF 30.5x 22.9x 24.8x 26.4x 17.2x 22x 19.6x 22.4x
FCF Yield 3.28% 4.36% 4.04% 3.79% 5.8% 4.55% 5.1% 4.46%
Dividend per Share 2 4.05 4.79 5.45 6.02 - 7.154 7.656 8.134
Rate of return 1.93% 2.18% 2.28% 1.95% - 2.62% 2.8% 2.98%
EPS 2 7 8.21 9.1 9.98 10.94 12.23 13.39 14.42
Distribution rate 57.9% 58.3% 59.9% 60.3% - 58.5% 57.2% 56.4%
Net sales 1 16,498 18,012 19,203 20,561 21,947 23,225 24,555 25,919
EBITDA 1 4,282 4,919 5,452 5,898 6,270 6,942 7,486 8,009
EBIT 1 3,872 4,468 4,890 5,347 5,875 6,394 6,890 7,360
Net income 1 2,949 3,412 3,752 4,080 4,414 4,856 5,258 5,607
Net Debt 1 1,551 905.5 77.9 626.9 873.3 -2,044 -4,188 -6,180
Reference price 2 210.04 219.79 238.69 308.40 223.95 272.96 272.96 272.96
Nbr of stocks (in thousands) 417,747 413,123 409,291 405,923 399,734 397,263 - -
Announcement Date 7/27/22 A 7/26/23 A 7/31/24 A 7/30/25 A 7/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.31x4.58x15.33x2.62% 108B
19.63x0.35x8.83x4.18% 8B
12.77x0.28x7.56x4.18% 5.05B
33.93x0.75x15.63x5.48% 4.35B
13.75x0.33x5.64x4.5% 4.04B
74.85x3.17x11.2x-.--% 3.71B
19.31x0.18x7.72x2.34% 2.71B
12.94x - - 3.98% 1.45B
7.54x - - 6.55% 1.1B
Average 24.11x 1.38x 10.27x 3.76% 15.43B
Weighted average by Cap. 23.05x 3.80x 14.12x 2.88%

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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