AUTOMATIC DATA PROCESSING, INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 244.2 USD | +0.54% |
|
+0.93% | +4.86% |
| May. 03 | Evercore ISI Adjusts Price Target on Automatic Data Processing to $238 From $235 | MT |
| May. 02 | Barclays Adjusts Price Target on Automatic Data Processing to $282 From $280 | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 71,956 | 63,989 | 84,516 | 87,744 | 90,800 | 99,433 | - | - |
| Enterprise Value (EV) 1 | 72,009 | 64,085 | 84,926 | 89,294 | 91,706 | 99,326 | 97,225 | 96,195 |
| P/E ratio | 31.6 x | 26.1 x | 32.7 x | 30 x | 26.8 x | 26.5 x | 24.3 x | 22.5 x |
| Yield | 1.85% | 2.36% | 1.86% | 1.93% | 2.18% | 2.16% | 2.34% | 2.51% |
| Capitalization / Revenue | 5.08 x | 4.39 x | 5.63 x | 5.32 x | 5.04 x | 5.19 x | 4.91 x | 4.64 x |
| EV / Revenue | 5.08 x | 4.39 x | 5.66 x | 5.41 x | 5.09 x | 5.18 x | 4.8 x | 4.49 x |
| EV / EBITDA | 20.8 x | 17.2 x | 22.4 x | 20.9 x | 18.6 x | 18.2 x | 16.6 x | 15.5 x |
| EV / FCF | 28.5 x | 22.5 x | 29.1 x | 30.5 x | 22.9 x | 21.3 x | 16.2 x | 15.1 x |
| FCF Yield | 3.51% | 4.45% | 3.43% | 3.28% | 4.36% | 4.69% | 6.17% | 6.61% |
| Price to Book | 13.3 x | 11.1 x | 14.8 x | 27.1 x | 25.8 x | 20.7 x | 15.6 x | 12.2 x |
| Nbr of stocks (in thousands) | 435,228 | 429,774 | 425,518 | 417,747 | 413,123 | 409,291 | - | - |
| Reference price 2 | 165.3 | 148.9 | 198.6 | 210.0 | 219.8 | 242.9 | 242.9 | 242.9 |
| Announcement Date | 7/31/19 | 7/29/20 | 7/28/21 | 7/27/22 | 7/26/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,175 | 14,590 | 15,005 | 16,498 | 18,012 | 19,174 | 20,269 | 21,408 |
| EBITDA 1 | 3,460 | 3,716 | 3,787 | 4,282 | 4,919 | 5,460 | 5,850 | 6,222 |
| EBIT 1 | 3,156 | 3,349 | 3,384 | 3,872 | 4,468 | 4,945 | 5,325 | 5,692 |
| Operating Margin | 22.26% | 22.95% | 22.55% | 23.47% | 24.8% | 25.79% | 26.27% | 26.59% |
| Earnings before Tax (EBT) 1 | 3,006 | 3,183 | 3,361 | 3,804 | 4,438 | 4,904 | 5,290 | 5,686 |
| Net income 1 | 2,293 | 2,466 | 2,598 | 2,949 | 3,412 | 3,777 | 4,062 | 4,369 |
| Net margin | 16.17% | 16.91% | 17.32% | 17.87% | 18.94% | 19.7% | 20.04% | 20.41% |
| EPS 2 | 5.240 | 5.700 | 6.070 | 7.000 | 8.210 | 9.153 | 10.00 | 10.79 |
| Free Cash Flow 1 | 2,526 | 2,854 | 2,915 | 2,925 | 4,001 | 4,663 | 5,998 | 6,361 |
| FCF margin | 17.82% | 19.56% | 19.42% | 17.73% | 22.21% | 24.32% | 29.59% | 29.71% |
| FCF Conversion (EBITDA) | 73.01% | 76.79% | 76.96% | 68.3% | 81.34% | 85.4% | 102.53% | 102.24% |
| FCF Conversion (Net income) | 110.18% | 115.69% | 112.17% | 99.19% | 117.27% | 123.45% | 147.67% | 145.58% |
| Dividend per Share 2 | 3.060 | 3.520 | 3.700 | 4.050 | 4.790 | 5.258 | 5.685 | 6.096 |
| Announcement Date | 7/31/19 | 7/29/20 | 7/28/21 | 7/27/22 | 7/26/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,025 | 4,513 | 4,128 | 4,216 | 4,391 | 4,928 | 4,478 | 4,512 | 4,668 | 5,254 | 4,745 | 4,787 | 4,937 | 5,529 | 5,037 |
| EBITDA 1 | 1,082 | 1,310 | 923.2 | 1,127 | 1,232 | 1,488 | 1,124 | 1,215 | 1,267 | 1,658 | 1,234 | 1,343 | 1,398 | 1,721 | 1,388 |
| EBIT 1 | 929.8 | 1,208 | 818.7 | 1,018 | 1,069 | 1,372 | 1,009 | 1,093 | 1,147 | 1,539 | 1,119 | 1,205 | 1,256 | 1,596 | 1,266 |
| Operating Margin | 23.1% | 26.77% | 19.83% | 24.14% | 24.35% | 27.85% | 22.54% | 24.23% | 24.57% | 29.29% | 23.59% | 25.18% | 25.45% | 28.87% | 25.13% |
| Earnings before Tax (EBT) 1 | 910.1 | 1,190 | 803.3 | 1,010 | 1,058 | 1,364 | 1,006 | 1,093 | 1,144 | 1,546 | 1,118 | 1,191 | 1,250 | 1,618 | 1,242 |
| Net income 1 | 694.4 | 928.5 | 625.4 | 779 | 813.1 | 1,043 | 776.7 | 859.4 | 878.4 | 1,185 | 855.5 | 914.9 | 955.5 | 1,250 | 939.5 |
| Net margin | 17.25% | 20.57% | 15.15% | 18.48% | 18.52% | 21.17% | 17.35% | 19.05% | 18.82% | 22.55% | 18.03% | 19.11% | 19.35% | 22.61% | 18.65% |
| EPS 2 | 1.650 | 2.210 | 1.500 | 1.870 | 1.950 | 2.510 | 1.870 | 2.080 | 2.130 | 2.880 | 2.119 | 2.293 | 2.411 | 3.106 | 2.400 |
| Dividend per Share 2 | 1.040 | 1.040 | 1.040 | 1.040 | 1.250 | 1.250 | 1.250 | - | - | 1.400 | 1.380 | 1.395 | 1.458 | 1.488 | 1.472 |
| Announcement Date | 1/26/22 | 4/27/22 | 7/27/22 | 10/26/22 | 1/25/23 | 4/26/23 | 7/26/23 | 10/25/23 | 1/31/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 53 | 96.1 | 410 | 1,551 | 906 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 107 | 2,209 | 3,238 |
| Leverage (Debt/EBITDA) | 0.0153 x | 0.0259 x | 0.1082 x | 0.3621 x | 0.1841 x | - | - | - |
| Free Cash Flow 1 | 2,526 | 2,854 | 2,915 | 2,925 | 4,001 | 4,663 | 5,998 | 6,361 |
| ROE (net income / shareholders' equity) | 45.2% | 44.2% | 45.5% | 66.3% | 102% | 92.6% | 79.3% | 70% |
| ROA (Net income/ Total Assets) | 5.68% | 6.09% | 5.91% | 5.27% | 6% | 6.99% | 6.96% | 7.15% |
| Assets 1 | 40,368 | 40,527 | 43,968 | 55,920 | 56,894 | 54,018 | 58,358 | 61,079 |
| Book Value Per Share 2 | 12.40 | 13.40 | 13.40 | 7.750 | 8.520 | 11.70 | 15.60 | 20.00 |
| Cash Flow per Share 2 | 6.140 | 6.990 | 7.230 | 7.360 | 10.10 | 12.20 | 13.50 | 16.00 |
| Capex 1 | 162 | 173 | 179 | 174 | 206 | 209 | 245 | 242 |
| Capex / Sales | 1.14% | 1.18% | 1.19% | 1.06% | 1.15% | 1.09% | 1.21% | 1.13% |
| Announcement Date | 7/31/19 | 7/29/20 | 7/28/21 | 7/27/22 | 7/26/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
242.9
USD
Average target price
259.3
USD
Spread / Average Target
+6.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.28% | 99.43B | |
| -11.09% | 196B | |
| +4.47% | 172B | |
| +3.88% | 156B | |
| +10.39% | 80.17B | |
| +22.89% | 75.89B | |
| -6.25% | 70.99B | |
| -20.71% | 52.69B | |
| -9.00% | 42.62B | |
| -3.73% | 33.71B |
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