ADP (ADP.PA) Fundamental Analysis & Valuation

EPA:ADP • FR0010340141

Current stock price

113.2 EUR
+0.5 (+0.44%)
Last:

This ADP.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ADP.PA Profitability Analysis

1.1 Basic Checks

  • ADP had positive earnings in the past year.
  • In the past year ADP had a positive cash flow from operations.
  • ADP had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years ADP had a positive operating cash flow.
ADP.PA Yearly Net Income VS EBIT VS OCF VS FCFADP.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B 1.5B

1.2 Ratios

  • ADP has a Return On Assets of 1.88%. This is comparable to the rest of the industry: ADP outperforms 45.45% of its industry peers.
  • ADP has a Return On Equity (8.79%) which is in line with its industry peers.
  • With a Return On Invested Capital value of 4.62%, ADP perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ADP is below the industry average of 7.31%.
  • The 3 year average ROIC (4.45%) for ADP is below the current ROIC(4.62%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.88%
ROE 8.79%
ROIC 4.62%
ROA(3y)2.26%
ROA(5y)1.64%
ROE(3y)10.33%
ROE(5y)7.35%
ROIC(3y)4.45%
ROIC(5y)3.41%
ADP.PA Yearly ROA, ROE, ROICADP.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30

1.3 Margins

  • ADP has a Profit Margin (5.70%) which is in line with its industry peers.
  • ADP's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 19.67%, ADP is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ADP has declined.
  • ADP has a Gross Margin of 85.78%. This is in the better half of the industry: ADP outperforms 63.64% of its industry peers.
  • In the last couple of years the Gross Margin of ADP has remained more or less at the same level.
Industry RankSector Rank
OM 19.67%
PM (TTM) 5.7%
GM 85.78%
OM growth 3Y-1.8%
OM growth 5YN/A
PM growth 3Y-19.7%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y-0.44%
ADP.PA Yearly Profit, Operating, Gross MarginsADP.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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1

2. ADP.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ADP is destroying value.
  • ADP has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ADP remains at a similar level compared to 5 years ago.
  • ADP has a better debt/assets ratio than last year.
ADP.PA Yearly Shares OutstandingADP.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
ADP.PA Yearly Total Debt VS Total AssetsADP.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • ADP has an Altman-Z score of 1.21. This is a bad value and indicates that ADP is not financially healthy and even has some risk of bankruptcy.
  • ADP has a worse Altman-Z score (1.21) than 72.73% of its industry peers.
  • ADP has a debt to FCF ratio of 26.26. This is a negative value and a sign of low solvency as ADP would need 26.26 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 26.26, ADP is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • ADP has a Debt/Equity ratio of 1.98. This is a high value indicating a heavy dependency on external financing.
  • ADP has a worse Debt to Equity ratio (1.98) than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.98
Debt/FCF 26.26
Altman-Z 1.21
ROIC/WACC0.91
WACC5.06%
ADP.PA Yearly LT Debt VS Equity VS FCFADP.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.89 indicates that ADP may have some problems paying its short term obligations.
  • With a Current ratio value of 0.89, ADP is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.86 indicates that ADP may have some problems paying its short term obligations.
  • ADP has a worse Quick ratio (0.86) than 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.86
ADP.PA Yearly Current Assets VS Current LiabilitesADP.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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6

3. ADP.PA Growth Analysis

3.1 Past

  • ADP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 60.00%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 1.88% on average over the past years.
  • The Revenue has grown by 8.87% in the past year. This is quite good.
  • Measured over the past years, ADP shows a very strong growth in Revenue. The Revenue has been growing by 25.69% on average per year.
EPS 1Y (TTM)60%
EPS 3Y1.88%
EPS 5YN/A
EPS Q2Q%5000%
Revenue 1Y (TTM)8.87%
Revenue growth 3Y12.66%
Revenue growth 5Y25.69%
Sales Q2Q%8.25%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.80% on average over the next years. This is quite good.
  • ADP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.70% yearly.
EPS Next Y18.07%
EPS Next 2Y16.68%
EPS Next 3Y14.8%
EPS Next 5Y10.8%
Revenue Next Year3.99%
Revenue Next 2Y4.37%
Revenue Next 3Y4.37%
Revenue Next 5Y4.7%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ADP.PA Yearly Revenue VS EstimatesADP.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
ADP.PA Yearly EPS VS EstimatesADP.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 -10

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4

4. ADP.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.51, ADP is valued on the expensive side.
  • ADP's Price/Earnings is on the same level as the industry average.
  • ADP is valuated rather cheaply when we compare the Price/Earnings ratio to 27.34, which is the current average of the S&P500 Index.
  • ADP is valuated rather expensively with a Price/Forward Earnings ratio of 17.37.
  • Based on the Price/Forward Earnings ratio, ADP is valued cheaper than 81.82% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.18. ADP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 20.51
Fwd PE 17.37
ADP.PA Price Earnings VS Forward Price EarningsADP.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • ADP's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, ADP is valued a bit more expensive than 63.64% of the companies in the same industry.
Industry RankSector Rank
P/FCF 30.03
EV/EBITDA 8.79
ADP.PA Per share dataADP.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • ADP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as ADP's earnings are expected to grow with 14.80% in the coming years.
PEG (NY)1.13
PEG (5Y)N/A
EPS Next 2Y16.68%
EPS Next 3Y14.8%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. ADP.PA Dividend Analysis

5.1 Amount

  • ADP has a Yearly Dividend Yield of 2.56%.
  • ADP's Dividend Yield is comparable with the industry average which is at 3.54.
  • ADP's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.56%

5.2 History

  • The dividend of ADP has a limited annual growth rate of 2.57%.
Dividend Growth(5Y)2.57%
Div Incr Years0
Div Non Decr Years1
ADP.PA Yearly Dividends per shareADP.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 77.49% of the earnings are spent on dividend by ADP. This is not a sustainable payout ratio.
  • ADP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP77.49%
EPS Next 2Y16.68%
EPS Next 3Y14.8%
ADP.PA Yearly Income VS Free CF VS DividendADP.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B
ADP.PA Dividend Payout.ADP.PA Dividend Payout, showing the Payout Ratio.ADP.PA Dividend Payout.PayoutRetained Earnings

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ADP.PA Fundamentals: All Metrics, Ratios and Statistics

ADP

EPA:ADP (4/14/2026, 7:00:00 PM)

113.2

+0.5 (+0.44%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners30.24%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap11.20B
Revenue(TTM)6.70B
Net Income(TTM)382.00M
Analysts69.52
Price Target125.68 (11.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.56%
Yearly Dividend2.99
Dividend Growth(5Y)2.57%
DP77.49%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.43%
PT rev (3m)-1.42%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.36%
EPS NY rev (3m)-3.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.34%
Valuation
Industry RankSector Rank
PE 20.51
Fwd PE 17.37
P/S 1.67
P/FCF 30.03
P/OCF 6.84
P/B 2.58
P/tB 13.12
EV/EBITDA 8.79
EPS(TTM)5.52
EY4.88%
EPS(NY)6.52
Fwd EY5.76%
FCF(TTM)3.77
FCFY3.33%
OCF(TTM)16.55
OCFY14.62%
SpS67.74
BVpS43.93
TBVpS8.63
PEG (NY)1.13
PEG (5Y)N/A
Graham Number73.86
Profitability
Industry RankSector Rank
ROA 1.88%
ROE 8.79%
ROCE 8.19%
ROIC 4.62%
ROICexc 4.79%
ROICexgc 6.18%
OM 19.67%
PM (TTM) 5.7%
GM 85.78%
FCFM 5.56%
ROA(3y)2.26%
ROA(5y)1.64%
ROE(3y)10.33%
ROE(5y)7.35%
ROIC(3y)4.45%
ROIC(5y)3.41%
ROICexc(3y)5.12%
ROICexc(5y)3.96%
ROICexgc(3y)6.65%
ROICexgc(5y)5.16%
ROCE(3y)7.88%
ROCE(5y)6.04%
ROICexgc growth 3Y7.41%
ROICexgc growth 5YN/A
ROICexc growth 3Y6.88%
ROICexc growth 5YN/A
OM growth 3Y-1.8%
OM growth 5YN/A
PM growth 3Y-19.7%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y-0.44%
F-Score8
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 1.98
Debt/FCF 26.26
Debt/EBITDA 3.75
Cap/Depr 128.82%
Cap/Sales 18.87%
Interest Coverage 4.47
Cash Conversion 71.19%
Profit Quality 97.64%
Current Ratio 0.89
Quick Ratio 0.86
Altman-Z 1.21
F-Score8
WACC5.06%
ROIC/WACC0.91
Cap/Depr(3y)134.08%
Cap/Depr(5y)118.46%
Cap/Sales(3y)18.31%
Cap/Sales(5y)17.74%
Profit Quality(3y)105.48%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)60%
EPS 3Y1.88%
EPS 5YN/A
EPS Q2Q%5000%
EPS Next Y18.07%
EPS Next 2Y16.68%
EPS Next 3Y14.8%
EPS Next 5Y10.8%
Revenue 1Y (TTM)8.87%
Revenue growth 3Y12.66%
Revenue growth 5Y25.69%
Sales Q2Q%8.25%
Revenue Next Year3.99%
Revenue Next 2Y4.37%
Revenue Next 3Y4.37%
Revenue Next 5Y4.7%
EBIT growth 1Y2.81%
EBIT growth 3Y10.64%
EBIT growth 5YN/A
EBIT Next Year93.51%
EBIT Next 3Y29.44%
EBIT Next 5Y19.09%
FCF growth 1Y-14.25%
FCF growth 3Y-24.25%
FCF growth 5YN/A
OCF growth 1Y7.48%
OCF growth 3Y1.79%
OCF growth 5Y40.8%

ADP / ADP.PA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ADP?

ChartMill assigns a fundamental rating of 4 / 10 to ADP.PA.


What is the valuation status for ADP stock?

ChartMill assigns a valuation rating of 4 / 10 to ADP (ADP.PA). This can be considered as Fairly Valued.


How profitable is ADP (ADP.PA) stock?

ADP (ADP.PA) has a profitability rating of 5 / 10.


What are the PE and PB ratios of ADP (ADP.PA) stock?

The Price/Earnings (PE) ratio for ADP (ADP.PA) is 20.51 and the Price/Book (PB) ratio is 2.58.


How sustainable is the dividend of ADP (ADP.PA) stock?

The dividend rating of ADP (ADP.PA) is 4 / 10 and the dividend payout ratio is 77.49%.