Automatic Data Processing Inc


SKU: ADP Category:


Human resource management specialist Automatic Data Processing witnessed its fair share of ups and downs during the Covid-19 pandemic. The company experienced a slowdown as enterprises cut down their headcount during the crisis phase. However, with the economic recovery, ADP managed to show a low-single-digit growth in the revenues in the recent results. It has also added many new books, particularly in its Employer Services segment, despite strong competition from the likes of Paychex and Workday. The company has managed to thrive and grow in these tough times and deserves a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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