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Automatic Data Processing (BSP:ADPR34) Cyclically Adjusted Price-to-FCF : 51.67 (As of Jan. 19, 2025)


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What is Automatic Data Processing Cyclically Adjusted Price-to-FCF?

As of today (2025-01-19), Automatic Data Processing's current share price is R$75.95. Automatic Data Processing's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was R$1.47. Automatic Data Processing's Cyclically Adjusted Price-to-FCF for today is 51.67.

The historical rank and industry rank for Automatic Data Processing's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:ADPR34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.22   Med: 39.46   Max: 54.02
Current: 45.45

During the past years, Automatic Data Processing's highest Cyclically Adjusted Price-to-FCF was 54.02. The lowest was 25.22. And the median was 39.46.

BSP:ADPR34's Cyclically Adjusted Price-to-FCF is ranked worse than
60.66% of 638 companies
in the Software industry
Industry Median: 32.265 vs BSP:ADPR34: 45.45

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Automatic Data Processing's adjusted free cash flow per share data for the three months ended in Sep. 2024 was R$0.386. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$1.47 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Automatic Data Processing Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Automatic Data Processing's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Automatic Data Processing Cyclically Adjusted Price-to-FCF Chart

Automatic Data Processing Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.10 44.13 41.21 38.07 37.25

Automatic Data Processing Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.00 38.96 40.07 37.25 42.47

Competitive Comparison of Automatic Data Processing's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Automatic Data Processing's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Automatic Data Processing's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Automatic Data Processing's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Automatic Data Processing's Cyclically Adjusted Price-to-FCF falls into.



Automatic Data Processing Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Automatic Data Processing's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=75.95/1.47
=51.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Automatic Data Processing's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Automatic Data Processing's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.386/133.0289*133.0289
=0.386

Current CPI (Sep. 2024) = 133.0289.

Automatic Data Processing Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.033 99.070 0.044
201503 0.216 99.621 0.288
201506 0.114 100.684 0.151
201509 0.003 100.392 0.004
201512 0.106 99.792 0.141
201603 0.215 100.470 0.285
201606 0.177 101.688 0.232
201609 0.067 101.861 0.088
201612 0.121 101.863 0.158
201703 0.208 102.862 0.269
201706 0.099 103.349 0.127
201709 0.030 104.136 0.038
201712 0.100 104.011 0.128
201803 0.317 105.290 0.401
201806 0.210 106.317 0.263
201809 0.013 106.507 0.016
201812 0.251 105.998 0.315
201903 0.291 107.251 0.361
201906 0.227 108.070 0.279
201909 0.113 108.329 0.139
201912 0.227 108.420 0.279
202003 0.465 108.902 0.568
202006 0.282 108.767 0.345
202009 0.189 109.815 0.229
202012 0.298 109.897 0.361
202103 0.602 111.754 0.717
202106 0.262 114.631 0.304
202109 -0.004 115.734 -0.005
202112 0.540 117.630 0.611
202203 0.404 121.301 0.443
202206 0.386 125.017 0.411
202209 0.307 125.227 0.326
202212 0.398 125.222 0.423
202303 0.651 127.348 0.680
202306 0.510 128.729 0.527
202309 0.100 129.860 0.102
202312 0.445 129.419 0.457
202403 0.675 131.776 0.681
202406 0.633 132.554 0.635
202409 0.386 133.029 0.386

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Automatic Data Processing  (BSP:ADPR34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Automatic Data Processing Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Automatic Data Processing's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Automatic Data Processing Business Description

Address
One ADP Boulevard, Roseland, NJ, USA, 07068
ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

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