Discounted Cash Flow
Automatic Data Processing Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $8.2b | $1.5b | $1.7b | 18.1% | $3.27 |
| 2017 | $8.5b (3.5%) | $1.7b (16.1%) | $1.9b (11.5%) | 20.3% (12.3%) | $3.87 (18.3%) |
| 2018 | $9.0b (5.5%) | $1.6b (-6.5%) | $2.3b (22.5%) | 18.0% (-11.4%) | $3.68 (-4.9%) |
| 2019 | $14.2b (57.8%) | $2.3b (41.5%) | $2.5b (9.4%) | 16.2% (-10.3%) | $5.27 (43.2%) |
| 2020 | $14.6b (2.9%) | $2.5b (7.6%) | $2.9b (13.0%) | 16.9% (4.5%) | $5.73 (8.7%) |
| 2021 | $15.0b (2.8%) | $2.6b (5.4%) | $2.9b (2.1%) | 17.3% (2.4%) | $6.10 (6.5%) |
| 2022 | $16.5b (9.9%) | $2.9b (13.5%) | $2.5b (-12.6%) | 17.9% (3.2%) | $7.04 (15.4%) |
| 2023 | $18.0b (9.2%) | $3.4b (15.7%) | $3.6b (42.8%) | 18.9% (6.0%) | $8.25 (17.2%) |
| 2024 | $19.2b (6.6%) | $3.8b (10.0%) | $3.6b (-1.1%) | 19.5% (3.1%) | $9.14 (10.8%) |
| 2025 | $20.6b (7.1%) | $4.1b (8.7%) | $4.4b (22.2%) | 19.8% (1.6%) | $10.02 (9.6%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.