ADP (ADP.PA) Stock Fundamental Analysis

EPA:ADP • FR0010340141

114.6 EUR
-4.4 (-3.7%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, ADP scores 4 out of 10 in our fundamental rating. ADP was compared to 12 industry peers in the Transportation Infrastructure industry. While ADP is still in line with the averages on profitability rating, there are concerns on its financial health. ADP is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ADP had positive earnings in the past year.
  • ADP had a positive operating cash flow in the past year.
  • ADP had positive earnings in 4 of the past 5 years.
  • ADP had a positive operating cash flow in each of the past 5 years.
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 (1.88%) which is in line with 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 4.64%, ADP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
ROA 1.88%
ROE 8.79%
ROIC 4.64%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
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 comparable to the rest of the industry.
  • ADP's Profit Margin has declined in the last couple of years.
  • ADP's Operating Margin of 19.76% is fine compared to the rest of the industry. ADP outperforms 66.67% of its industry peers.
  • ADP's Operating Margin has declined in the last couple of years.
  • ADP's Gross Margin of 85.78% is fine compared to the rest of the industry. ADP outperforms 75.00% 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 19.76%
PM (TTM) 5.7%
GM 85.78%
OM growth 3Y-1.65%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ADP is destroying value.
  • There is no outstanding debt for ADP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ADP.PA Yearly Shares OutstandingADP.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 5B 10B 15B 20B

2.2 Solvency

  • Based on the Altman-Z score of 1.23, we must say that ADP is in the distress zone and has some risk of bankruptcy.
  • ADP's Altman-Z score of 1.23 is in line compared to the rest of the industry. ADP outperforms 41.67% of its industry peers.
  • The Debt to FCF ratio of ADP is 28.38, which is on the high side as it means it would take ADP, 28.38 years of fcf income to pay off all of its debts.
  • ADP has a Debt to FCF ratio of 28.38. This is comparable to the rest of the industry: ADP outperforms 50.00% of its industry peers.
  • ADP has a Debt/Equity ratio of 2.01. This is a high value indicating a heavy dependency on external financing.
  • ADP has a Debt to Equity ratio (2.01) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 2.01
Debt/FCF 28.38
Altman-Z 1.23
ROIC/WACC0.69
WACC6.73%
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

  • ADP has a Current Ratio of 0.89. This is a bad value and indicates that ADP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of ADP (0.89) is worse than 66.67% of its industry peers.
  • ADP has a Quick Ratio of 0.89. This is a bad value and indicates that ADP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ADP has a Quick ratio of 0.86. This is comparable to the rest of the industry: ADP outperforms 41.67% 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 1B 2B 3B 4B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

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.
  • ADP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.69% yearly.
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

  • Based on estimates for the next years, ADP will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.02% on average per year.
  • The Revenue is expected to grow by 4.63% on average over the next years.
EPS Next Y21.84%
EPS Next 2Y19.53%
EPS Next 3Y17.89%
EPS Next 5Y10.02%
Revenue Next Year4.42%
Revenue Next 2Y4.61%
Revenue Next 3Y3.67%
Revenue Next 5Y4.63%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • ADP is valuated rather expensively with a Price/Earnings ratio of 20.76.
  • The rest of the industry has a similar Price/Earnings ratio as ADP.
  • When comparing the Price/Earnings ratio of ADP to the average of the S&P500 Index (27.13), we can say ADP is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 17.04, which indicates a rather expensive current valuation of ADP.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ADP indicates a rather cheap valuation: ADP is cheaper than 83.33% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.11. ADP is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 20.76
Fwd PE 17.04
ADP.PA Price Earnings VS Forward Price EarningsADP.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ADP is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 30.4
EV/EBITDA N/A
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ADP's earnings are expected to grow with 17.89% in the coming years.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y19.53%
EPS Next 3Y17.89%

More info and screens

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

4

5. Dividend

5.1 Amount

  • ADP has a Yearly Dividend Yield of 2.52%. Purely for dividend investing, there may be better candidates out there.
  • ADP's Dividend Yield is slightly below the industry average, which is at 5.38.
  • Compared to an average S&P500 Dividend Yield of 1.82, ADP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.52%

5.2 History

  • On average, the dividend of ADP grows each year by 7.94%, which is quite nice.
Dividend Growth(5Y)7.94%
Div Incr Years1
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 2Y19.53%
EPS Next 3Y17.89%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

ADP

EPA:ADP (3/2/2026, 7:00:00 PM)

114.6

-4.4 (-3.7%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners29.85%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap11.34B
Revenue(TTM)6.70B
Net Income(TTM)382.00M
Analysts64
Price Target125.14 (9.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.52%
Yearly Dividend3.82
Dividend Growth(5Y)7.94%
DP77.49%
Div Incr Years1
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)-1.2%
PT rev (3m)-0.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.96%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.14%
Valuation
Industry RankSector Rank
PE 20.76
Fwd PE 17.04
P/S 1.69
P/FCF 30.4
P/OCF 6.92
P/B 2.61
P/tB 13.28
EV/EBITDA N/A
EPS(TTM)5.52
EY4.82%
EPS(NY)6.73
Fwd EY5.87%
FCF(TTM)3.77
FCFY3.29%
OCF(TTM)16.55
OCFY14.44%
SpS67.74
BVpS43.93
TBVpS8.63
PEG (NY)0.95
PEG (5Y)N/A
Graham Number73.86
Profitability
Industry RankSector Rank
ROA 1.88%
ROE 8.79%
ROCE 8.22%
ROIC 4.64%
ROICexc 5.32%
ROICexgc 7.08%
OM 19.76%
PM (TTM) 5.7%
GM 85.78%
FCFM 5.56%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-1.65%
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 2.01
Debt/FCF 28.38
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 18.87%
Interest Coverage 4.49
Cash Conversion N/A
Profit Quality 97.64%
Current Ratio 0.89
Quick Ratio 0.86
Altman-Z 1.23
F-Score8
WACC6.73%
ROIC/WACC0.69
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
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 Y21.84%
EPS Next 2Y19.53%
EPS Next 3Y17.89%
EPS Next 5Y10.02%
Revenue 1Y (TTM)8.87%
Revenue growth 3Y12.66%
Revenue growth 5Y25.69%
Sales Q2Q%8.25%
Revenue Next Year4.42%
Revenue Next 2Y4.61%
Revenue Next 3Y3.67%
Revenue Next 5Y4.63%
EBIT growth 1Y3.03%
EBIT growth 3Y10.8%
EBIT growth 5YN/A
EBIT Next Year92.69%
EBIT Next 3Y29.43%
EBIT Next 5Y19.52%
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 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.


What is the profitability of ADP stock?

ADP (ADP.PA) has a profitability rating of 4 / 10.


Can you provide the expected EPS growth for ADP stock?

The Earnings per Share (EPS) of ADP (ADP.PA) is expected to grow by 21.84% in the next year.


Is the dividend of ADP sustainable?

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