Group ADP

ADP’S PAX DO SPEND BUT EARNINGS VANISH (ADD; 25% UPSIDE)

30/09/25 -" Listening to ADP (ADD; France)’s earnings calls can be baffling for concession investors. Management spends as much time talking about “premium hospitality,” and “French savoir-faire,” as if they ..."

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60
Language
English
Published on
30/09/25
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EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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