Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Enterprise Value (EV) 

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Current Enterprise Value (EV)

Automatic Data Processing Inc., current enterprise value calculation

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Current share price (P) $218.18
No. shares of common stock outstanding 417,747,152
US$ in thousands
Common equity (market value)1 91,144,074
Add: Preferred stock, $1.00 par value; issued, none (per books)
Total equity 91,144,074
Add: Obligations under reverse repurchase agreements (per books) 23,500
Add: Short-term debt (per books)
Add: Long-term debt (per books) 2,985,000
Total equity and debt 94,152,574
Less: Cash and cash equivalents 2,575,200
Less: Funds held for clients 34,905,800
Enterprise value (EV) 56,671,574

Based on: 10-K (reporting date: 2021-06-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 218.18 × 417,747,152


Historical Enterprise Value (EV)

Automatic Data Processing Inc., EV calculation

Microsoft Excel
Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016
Share price1, 2 $212.00 $134.77 $167.73 $134.25 $111.39 $89.67
No. shares of common stock outstanding1 423,080,556 429,965,405 433,942,837 438,082,756 444,374,752 456,176,951
US$ in thousands
Common equity (market value)3 89,693,078 57,946,438 72,785,232 58,812,610 49,498,904 40,905,387
Add: Preferred stock, $1.00 par value; issued, none (book value)
Total equity 89,693,078 57,946,438 72,785,232 58,812,610 49,498,904 40,905,387
Add: Obligations under reverse repurchase agreements (book value) 23,500 13,600 262,000
Add: Short-term debt (book value) 1,001,800
Add: Long-term debt (book value) 2,985,000 1,002,800 2,002,200 2,002,400 2,002,400 2,007,700
Total equity and debt 92,701,578 59,964,638 75,049,432 60,815,010 51,501,304 42,913,087
Less: Cash and cash equivalents 2,575,200 1,908,500 1,949,200 2,170,000 2,780,400 3,191,100
Less: Funds held for clients 34,905,800 26,708,100 29,434,200 27,137,800 27,291,500 33,841,200
Enterprise value (EV) 55,220,578 31,348,038 43,666,032 31,507,210 21,429,404 5,880,787

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Automatic Data Processing Inc. Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 212.00 × 423,080,556

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Automatic Data Processing Inc. EV decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.