Automatic Data Processing, Inc. (ADP)
Total Valuation
ADP has a market cap or net worth of $95.82 billion. The enterprise value is $98.05 billion.
| Market Cap | 95.82B |
| Enterprise Value | 98.05B |
Important Dates
The next confirmed earnings date is Wednesday, January 31, 2024, before market open.
| Earnings Date | Jan 31, 2024 |
| Ex-Dividend Date | Dec 7, 2023 |
Share Statistics
ADP has 411.31 million shares outstanding. The number of shares has decreased by -0.79% in one year.
| Shares Outstanding | 411.31M |
| Shares Change (YoY) | -0.79% |
| Shares Change (QoQ) | -0.14% |
| Owned by Insiders (%) | 0.12% |
| Owned by Institutions (%) | 83.07% |
| Float | 410.58M |
Valuation Ratios
The trailing PE ratio is 27.67 and the forward PE ratio is 24.79. ADP's PEG ratio is 2.83.
| PE Ratio | 27.67 |
| Forward PE | 24.79 |
| PS Ratio | 5.23 |
| Forward PS | 4.88 |
| PB Ratio | 27.59 |
| P/FCF Ratio | 29.29 |
| PEG Ratio | 2.83 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 18.26, with an EV/FCF ratio of 29.97.
| EV / Earnings | 28.08 |
| EV / Sales | 5.36 |
| EV / EBITDA | 18.26 |
| EV / EBIT | 20.37 |
| EV / FCF | 29.97 |
Financial Position
The company has a current ratio of 0.98, with a Debt / Equity ratio of 1.06.
| Current Ratio | 0.98 |
| Quick Ratio | 0.11 |
| Debt / Equity | 1.06 |
| Debt / EBITDA | 0.68 |
| Debt / FCF | 1.12 |
| Interest Coverage | 16.39 |
Financial Efficiency
Return on equity (ROE) is 102.20% and return on invested capital (ROIC) is 49.80%.
| Return on Equity (ROE) | 102.20% |
| Return on Assets (ROA) | 6.50% |
| Return on Capital (ROIC) | 49.80% |
| Revenue Per Employee | $290,619 |
| Profits Per Employee | $55,433 |
| Employee Count | 63,000 |
| Asset Turnover | 0.34 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, ADP has paid $1.03 billion in taxes.
| Income Tax | 1.03B |
| Effective Tax Rate | 22.75% |
Stock Price Statistics
The stock price has decreased by -3.18% in the last 52 weeks. The beta is 0.83, so ADP's price volatility has been lower than the market average.
| Beta (1Y) | 0.83 |
| 52-Week Price Change | -3.18% |
| 50-Day Moving Average | 229.48 |
| 200-Day Moving Average | 230.01 |
| Relative Strength Index (RSI) | 51.84 |
| Average Volume (30 Days) | 1,719,695 |
Short Selling Information
The latest short interest is 3.73 million, so 0.91% of the outstanding shares have been sold short.
| Short Interest | 3.73M |
| Short Previous Month | 3.67M |
| Short % of Shares Out | 0.91% |
| Short % of Float | 0.91% |
| Short Ratio (days to cover) | 1.92 |
Income Statement
In the last 12 months, ADP had revenue of $18.31 billion and earned $3.49 billion in profits. Earnings per share was $8.42.
| Revenue | 18.31B |
| Gross Profit | 8.23B |
| Operating Income | 4.60B |
| Pretax Income | 4.52B |
| Net Income | 3.49B |
| EBITDA | 5.37B |
| EBIT | 4.81B |
| Earnings Per Share (EPS) | $8.42 |
Balance Sheet
The company has $1.44 billion in cash and $3.67 billion in debt, giving a net cash position of -$2.23 billion or -$5.41 per share.
| Cash & Cash Equivalents | 1.44B |
| Total Debt | 3.67B |
| Net Cash | -2.23B |
| Net Cash Per Share | -$5.41 |
| Equity / Book Value | 3.47B |
| Book Value Per Share | 8.44 |
| Working Capital | -748.60M |
Cash Flow
In the last 12 months, operating cash flow was $3.82 billion and capital expenditures -$544.20 million, giving a free cash flow of $3.27 billion.
| Operating Cash Flow | 3.82B |
| Capital Expenditures | -544.20M |
| Free Cash Flow | 3.27B |
| FCF Per Share | $7.95 |
Margins
Gross margin is 44.97%, with operating and profit margins of 25.14% and 19.07%.
| Gross Margin | 44.97% |
| Operating Margin | 25.14% |
| Pretax Margin | 24.69% |
| Profit Margin | 19.07% |
| EBITDA Margin | 29.33% |
| EBIT Margin | 26.29% |
| FCF Margin | 17.87% |
Dividends & Yields
This stock pays an annual dividend of $5.60, which amounts to a dividend yield of 2.40%.
| Dividend Per Share | $5.60 |
| Dividend Yield | 2.40% |
| Earnings Yield | 3.64% |
| FCF Yield | 3.41% |
| Dividend Growth (YoY) | 17.85% |
| Payout Ratio | 66.51% |
| Buyback Yield | 0.79% |
| Shareholder Yield | 3.20% |
Analyst Forecast
The average price target for ADP is $244.25, which is 4.84% higher than the current price. The consensus rating is "Hold".
| Price Target | $244.25 |
| Price Target Difference | 4.84% |
| Analyst Consensus | Hold |
| Analyst Count | 12 |
| Revenue Growth Forecast (5Y) | 5.75% |
| EPS Growth Forecast (5Y) | 9.27% |
Stock Splits
The last stock split was on October 1, 2014. It was a forward split with a ratio of 1139:1000.
| Last Split Date | Oct 1, 2014 |
| Split Type | Forward |
| Split Ratio | 1139:1000 |
Scores
ADP has an Altman Z-Score of 2.57 and a Piotroski F-Score of 9. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.57 |
| Piotroski F-Score | 9 |