Automatic Data Processing: tesis de inversión

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https://investors.adp.com/overview/default.aspx

Introducción

Datos de la empresa

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https://s23.q4cdn.com/483669984/files/doc_presentations/2019/11/ADP-Investor-Presentation-Nov-2019.pdf
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https://s23.q4cdn.com/483669984/files/doc_presentations/2019/11/ADP-Investor-Presentation-Nov-2019.pdf
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Elaboración propia con datos publicados por la compañía
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https://s23.q4cdn.com/483669984/files/doc_presentations/2019/11/ADP-Investor-Presentation-Nov-2019.pdf

Riesgos derivados de la pandemia COVID-19

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https://www.cnbc.com/2020/04/23/the-us-economy-has-now-erased-all-job-gains-since-the-great-recession.html

Tendencia últimos 5 años

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Elaboración propia con datos publicados por la Compañía
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Elaboración propia con datos publicados por la Compañía
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https://s23.q4cdn.com/483669984/files/doc_downloads/2019/10/Final-Letters-to-Shareholders.pdf

“We are committed to our strategy with the objective of delivering long-term value creation to shareholders and other stakeholders by balancing revenue growth with strong EPS growth. Our very strong financial performance in fiscal year 2019 enabled us to once again deliver against our top-quartile S&P 500 Total Shareholder Return target as we worked to reinforce our commitment to our long-term strategic objective”. -Carlos Rodriguez (Presidente y CEO de ADP)

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https://s23.q4cdn.com/483669984/files/doc_presentations/2019/11/ADP-Investor-Presentation-Nov-2019.pdf
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https://s23.q4cdn.com/483669984/files/doc_financials/quarterly/2019/Q4/ADP-4Q19-Earnings-Deck.pdf
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https://s23.q4cdn.com/483669984/files/doc_financials/quarterly/2019/Q4/ADP-4Q19-Earnings-Deck.pdf

Resultados primer semestre 2020

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Elaboración propia con datos publicados por la Compañía
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https://s23.q4cdn.com/483669984/files/doc_financials/2020/q2/ADP-2Q20-Earnings-Deck.pdf

Valoración y datos relativos al dividendo

Comparativa con principal competidor

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http://www.tickertech.com/cgi/returns.mpl?symbol=ADP&smonth=01&sday=01&syear=2000&emonth=04&eday=23&eyear=2020&compareto=other&other=PAYX

Despedida

“I love owning companies that drown you in cash” -Charlie Munger

Written by

Inversor DGI (dividend growth Investing) en búsqueda de la IF, apasionado de los mercados y de todo lo que pasa en el mundo...aprendiendo de los errores

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