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Groupe ADP

ENXTPA:ADP
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADP
ENXTPA
€9B
Market Cap
  1. Home
  2. FR
  3. Transportation
Company description

Groupe ADP designs, construct, and operates airports. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Groupe ADP has significant price volatility in the past 3 months.
ADP Share Price and Events
7 Day Returns
12.4%
ENXTPA:ADP
1%
FR Infrastructure
-0.5%
FR Market
1 Year Returns
-47.3%
ENXTPA:ADP
-41.8%
FR Infrastructure
-19.6%
FR Market
ADP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Groupe ADP (ADP) 12.4% -24.3% -46.6% -47.3% -18.1% -18.6%
FR Infrastructure 1% -27.6% -42.1% -41.8% -10.4% -22.5%
FR Market -0.5% -15.3% -26.1% -19.6% -9.6% -9.4%
1 Year Return vs Industry and Market
  • ADP underperformed the Infrastructure industry which returned -41.8% over the past year.
  • ADP underperformed the Market in France which returned -19.6% over the past year.
Price Volatility
ADP
Industry
5yr Volatility vs Market

ADP Value

 Is Groupe ADP undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Groupe ADP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Groupe ADP.

ENXTPA:ADP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 3.4138430769231
Payout Ratio Company Filings (2019-12-31) 5587.8%
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year FR Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ADP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.1%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 33%) (81.2%))
1.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (1.048 * 6.07%)
6.25%

Discounted Cash Flow Calculation for ENXTPA:ADP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Groupe ADP is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ENXTPA:ADP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €3.41 / (6.25% - -0.11%)
€53.65
ENXTPA:ADP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €53.65
Current discount Discount to share price of €93.00
= -1 x (€93.00 - €53.65) / €53.65
-73.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Groupe ADP is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Groupe ADP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Groupe ADP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ADP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €5.39
ENXTPA:ADP Share Price ** ENXTPA (2020-04-07) in EUR €93
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 10.84x
France Market PE Ratio Median Figure of 410 Publicly-Listed Companies 13.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Groupe ADP.

ENXTPA:ADP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ADP Share Price ÷ EPS (both in EUR)

= 93 ÷ 5.39

17.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Groupe ADP is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Groupe ADP is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Groupe ADP's expected growth come at a high price?
Raw Data
ENXTPA:ADP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
13.2%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.32x
France Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

ENXTPA:ADP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.27x ÷ 13.2%

1.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Groupe ADP is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Groupe ADP's assets?
Raw Data
ENXTPA:ADP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €50.85
ENXTPA:ADP Share Price * ENXTPA (2020-04-07) in EUR €93
France Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.68x
France Market PB Ratio Median Figure of 590 Publicly-Listed Companies 1.15x
ENXTPA:ADP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ADP Share Price ÷ Book Value per Share (both in EUR)

= 93 ÷ 50.85

1.83x

* Primary Listing of Groupe ADP.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Groupe ADP is overvalued based on assets compared to the FR Infrastructure industry average.
X
Value checks
We assess Groupe ADP's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Groupe ADP has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ADP Future Performance

 How is Groupe ADP expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Groupe ADP expected to grow at an attractive rate?
  • Groupe ADP's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Groupe ADP's earnings growth is expected to exceed the France market average.
  • Groupe ADP's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ADP Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ADP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 13.2%
ENXTPA:ADP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 5.2%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%
France Market Earnings Growth Rate Market Cap Weighted Average 12.2%
France Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ADP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ADP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 5,640 1,855 726 2
2023-12-31 5,404 1,757 673 4
2022-12-31 4,995 1,449 599 11
2021-12-31 4,801 1,393 562 16
2020-12-31 3,540 994 105 14
2020-04-08
ENXTPA:ADP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 4,700 1,553 533
2019-09-30 4,513 1,577 546
2019-06-30 4,796 1,601 661
2019-03-31 4,637 1,576 636
2018-12-31 4,007 1,551 507
2018-09-30 4,016 1,481 545
2018-06-30 4,025 1,410 583
2018-03-31 3,821 1,340 577
2017-12-31 3,617 1,270 571
2017-09-30 3,299 1,143 520
2017-06-30 2,981 1,015 469
2017-03-31 2,964 945 452

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Groupe ADP's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • Groupe ADP's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ADP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Groupe ADP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ADP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 8.27 8.27 8.27 1.00
2023-12-31 6.78 7.60 5.96 2.00
2022-12-31 5.98 7.40 5.05 9.00
2021-12-31 5.70 7.71 4.43 14.00
2020-12-31 1.98 6.15 -2.42 12.00
2020-04-08
ENXTPA:ADP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 5.39
2019-09-30 5.51
2019-06-30 6.68
2019-03-31 6.42
2018-12-31 5.12
2018-09-30 5.51
2018-06-30 5.89
2018-03-31 5.83
2017-12-31 5.77
2017-09-30 5.26
2017-06-30 4.74
2017-03-31 4.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Groupe ADP is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Groupe ADP's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Groupe ADP has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ADP Past Performance

  How has Groupe ADP performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Groupe ADP's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Groupe ADP's year on year earnings growth rate has been positive over the past 5 years.
  • Groupe ADP's 1-year earnings growth is less than its 5-year average (5.1% vs 9.4%)
  • Groupe ADP's earnings growth has not exceeded the Europe Infrastructure industry average in the past year (5.1% vs 6.9%).
Earnings and Revenue History
Groupe ADP's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Groupe ADP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ADP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,700.00 533.00 88.00
2019-09-30 4,512.50 545.50 109.00
2019-06-30 4,796.00 661.00 132.00
2019-03-31 4,637.00 635.50 107.00
2018-12-31 4,007.00 507.00 80.00
2018-09-30 4,016.00 545.00 87.00
2018-06-30 4,025.00 583.00 94.00
2018-03-31 3,821.00 577.00 75.50
2017-12-31 3,617.00 571.00 57.00
2017-09-30 3,299.00 520.00 50.00
2017-06-30 2,981.00 469.00 43.00
2017-03-31 2,964.00 452.00 43.50
2016-12-31 2,947.00 435.00 44.00
2016-09-30 2,942.50 412.50 44.00
2016-06-30 2,938.00 390.00 44.00
2016-03-31 2,936.50 410.00 36.50
2015-12-31 2,935.00 430.00 29.00
2015-09-30 2,897.50 418.50 22.50
2015-06-30 2,860.00 407.00 16.00
2015-03-31 2,825.50 404.50 16.00
2014-12-31 2,791.00 402.00 16.00
2014-09-30 2,794.00 370.50 12.50
2014-06-30 2,797.00 339.00 9.00
2014-03-31 2,808.50 320.50 8.00
2013-12-31 2,820.00 302.00 7.00
2013-06-30 2,779.46 323.05 8.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Groupe ADP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Groupe ADP used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Groupe ADP's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Groupe ADP's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Groupe ADP has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ADP Health

 How is Groupe ADP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Groupe ADP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Groupe ADP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Groupe ADP's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Groupe ADP's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Groupe ADP Company Filings, last reported 3 months ago.

ENXTPA:ADP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,007.00 7,391.00 2,078.00
2019-09-30 6,007.00 7,391.00 2,078.00
2019-06-30 5,645.00 7,633.00 2,165.00
2019-03-31 5,645.00 7,633.00 2,165.00
2018-12-31 5,801.00 7,157.00 2,153.00
2018-09-30 5,801.00 7,157.00 2,153.00
2018-06-30 5,474.00 6,757.00 1,635.00
2018-03-31 5,474.00 6,757.00 1,635.00
2017-12-31 5,434.00 5,987.00 2,109.00
2017-09-30 5,434.00 5,987.00 2,109.00
2017-06-30 4,256.00 4,292.00 1,361.00
2017-03-31 4,256.00 4,292.00 1,361.00
2016-12-31 4,291.00 4,523.00 1,673.00
2016-09-30 4,291.00 4,523.00 1,673.00
2016-06-30 4,021.00 4,495.00 1,488.00
2016-03-31 4,021.00 4,495.00 1,488.00
2015-12-31 4,132.00 4,519.00 1,744.00
2015-09-30 4,132.00 4,519.00 1,744.00
2015-06-30 3,919.00 4,245.00 1,245.00
2015-03-31 3,919.00 4,245.00 1,245.00
2014-12-31 3,980.00 4,210.00 1,272.00
2014-09-30 3,980.00 4,210.00 1,272.00
2014-06-30 3,802.00 3,731.00 643.00
2014-03-31 3,802.00 3,731.00 643.00
2013-12-31 3,802.00 4,193.00 1,103.00
2013-06-30 3,645.05 4,143.50 888.69
  • Groupe ADP's level of debt (123%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (105.8% vs 123% today).
  • Debt is well covered by operating cash flow (21%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
X
Financial health checks
We assess Groupe ADP's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Groupe ADP has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ADP Dividends

 What is Groupe ADP's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.98%
Current annual income from Groupe ADP dividends. Estimated to be 3.67% next year.
If you bought €2,000 of Groupe ADP shares you are expected to receive €80 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Groupe ADP's pays a higher dividend yield than the bottom 25% of dividend payers in France (2%).
  • Groupe ADP's dividend is below the markets top 25% of dividend payers in France (6.15%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ADP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 6.9%
France Market Average Dividend Yield Market Cap Weighted Average of 297 Stocks 3.9%
France Minimum Threshold Dividend Yield 10th Percentile 1.2%
France Bottom 25% Dividend Yield 25th Percentile 2%
France Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ADP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 4.55 1.00
2023-12-31 4.14 3.00
2022-12-31 3.46 10.00
2021-12-31 3.33 15.00
2020-12-31 3.16 10.00
2020-04-08
ENXTPA:ADP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-23 3.700 3.989
2020-02-10 3.700 2.979
2019-02-14 3.700 2.226
2018-11-14 3.460 2.074
2018-03-01 3.460 1.863
2018-02-22 3.460 2.085
2017-10-26 2.640 1.663
2017-04-03 2.640 1.940
2017-02-22 2.640 2.386
2016-02-16 3.820 3.846
2015-07-29 1.400 1.329
2015-02-19 2.440 2.232
2014-02-19 1.850 1.916
2013-04-26 2.070 2.695
2013-02-28 2.070 3.157
2012-02-23 1.760 2.888
2011-07-22 1.520 2.731
2011-04-21 1.520 2.365
2011-02-24 1.520 2.426
2010-03-22 1.370 2.329
2010-02-19 1.370 2.354

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Groupe ADP's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Groupe ADP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Groupe ADP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Groupe ADP has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ADP Management

 What is the CEO of Groupe ADP's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Augustin Pascal Pierre Louis de Romanet de Beaune
COMPENSATION €456,165
AGE 57
TENURE AS CEO 7.4 years
CEO Bio

Mr. Augustin Pascal Pierre Louis Marie de Romanet de Beaune has been the President of the Board and Chief Executive Officer of Groupe ADP since November 29, 2012. He serves as the Chairman of the Board of Bpifrance Investissement. Mr. de Romanet de Beaune served as the Chief Executive Officer of Caisse des Dépôts et Consignations from March 7, 2007 to 2012 and chaired the Strategic Investment Fund from 2009 to 2012. He served as Deputy Director of Finance and Group Strategy at Credit Agricole S.A since October 16, 2006. He served as the Head of Strategy at Credit Agricole SA. He served as a Government Adviser throughout his career. He was a Managing Partner of Oddo Pinaton Corporate from 1999 to 2002. In 1997, he worked at Oddo & Cie. In 1995, he worked at the economic affairs and finance ministry. He was the Advisor, offices of Ministers of Budget, of Finance and Economy from 1995 to1997. He served as Deputy Secretary General to the Presidency of the Republic of France from June 2005 to October 2006. He holds Director at Office of the Minister of the Budget and Budget Reform and Deputy Director, Office of the Minister of the Economy, Finance and Industry (2004), Director, Office of the Minister of Employment, Labour and Social Cohesion (2004), Deputy Director of office of the Prime Minister from 2004 to 2005, Deputy Secretary General to the French Presidency from 2005 to 2006 and Deputy Director of Finance and Strategy, at Crédit Agricole S.A., Member of Group Executive Committee from October 2006 to March 2007. from 2002 to 2005, he served as the Chief of Staff to Alain Lambert, Minister Delegate for the Budget, Deputy Chief of Staff to Francis Mer, Minister for the Economy, Finance and Industry, Chief of Staff to Jean-Louis Borloo and lastly, Deputy Chief of Staff to Prime Minister Jean-Pierre Raffarin. He served as the President/Chairman of the Board of Egis S.A. He serves as the Chairman of Média Aéroports de Paris (France) and Airport Council International (ACI) Europe (Belgium). He served as the Chairman and Director of Bpifrance Participations SA. Mr. de Romanet de Beaune served as the Chairman of the Board at Fonds Stratégique d'Investissement SA until March 7, 2012. He served as the Chairman of the Directory of Fonds de réserve des retraites (France). He served as the Chairman and Director of Caisse des Dépôts et Consignations. He served as the Chairman of the Supervisory Board of la Société Nationale Immobilière (France). He served as Vice Chairman at TAV Havalimanlari Holding A.S. (TAV Airports) (Turkey) since January 24, 2013. He serves as Vice Chairman of the Board of Directors of TAV Yatirim Holding A.S. (TAV Investment) (Turkey) and TAV Tepe Akfen Yatirm Insaat Ve Isletme A.S. (TAV Construction) (Turkey). He serves as Vice Chairman of InfraMed. He has been an Independent Director of SCOR SE since April 30, 2015. He serves as Director of Régie Autonome des Transports Parisiens (RATP) (France) and la Société de Distribution Aéroportuaire (SDA) (France). He serves as a Member of International Advisory Board at PlaNet Finance SA. He serves as a Member of Supervisory Board of Marguerite Adviser S.A. He served as a Director of Oséo Financement SA. He served as a Member of Supervisory Board at N.V. Luchthaven Schiphol from February 01, 2013 to October 14, 2013. He served as a Director of Bpifrance Financement S.A. He served as a Director of Musée du Louvre-Lens (France), OSEO (France), Dexia (Belgium), Veolia Environnement (France), FSI-PME portefeuille (France) and CDC Entreprises (France). He served as a Member of the Board of Les prélèvements obligatoires (France). He served as a Member of the Supervisory Board of NV Luchthaven Schiphol (Netherlands). He served as a Director of CNP Assurances SA since April 25, 2007 and Icade S.A from November 30, 2007 to December 31, 2010. On leaving ENA, he started his career in the Budget Directorate of the Ministry of Economic Affairs and Finance and in 1990 he took up a position as Financial Advisor in the French permanent representation to the European Communities in Brussels. He serves as a Member of the Executive Committee of Relay@ADP (France). He was awarded the Légion d'honneur in 2007, holds a number of distinctions, notably "Capitalist of the Year" awarded by the magazine le Nouvel Economiste in 2008 and "Financier of the Year" awarded by Minister of the Economy in 2012. Mr. de Romanet de Beaune is a Graduate of the Paris Institute of Political Science (IEP de Paris) and alumnus of the Ecole Nationale d’Administration.

CEO Compensation
  • Augustin Pascal Pierre Louis's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Augustin Pascal Pierre Louis's remuneration is lower than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Groupe ADP management team in years:

3.9
Average Tenure
50
Average Age
  • The tenure for the Groupe ADP management team is about average.
Management Team

Augustin Pascal Pierre Louis de Romanet de Beaune

TITLE
President of the Board & CEO
COMPENSATION
€456K
AGE
57
TENURE
7.4 yrs

Philippe Pascal

TITLE
Member of Executive Committee & Executive Director of Finance
AGE
48
TENURE
3.9 yrs

Audrey Arnoux

TITLE
Head of Investor Relations

Lola Bourget

TITLE
Head of Media and Reputation Department

Hervé Wattecamps

TITLE
Member of Executive Committee & Human Resources Director
AGE
59
TENURE
1.8 yrs

Franck Goldnadel

TITLE
Executive Director
COMPENSATION
€390K
AGE
50
TENURE
10.3 yrs

Edward Rodolphe Arkwright

TITLE
Deputy CEO of Development
COMPENSATION
€354K
AGE
45

Patrick Collard

TITLE
Senior Vice Chairman
COMPENSATION
€196K
AGE
66

Guillaume Sauvé

TITLE
Member of Executive Committee & Director of Engineering & Development
AGE
47

Gisèle Rossat-Mignod

TITLE
Director of Public Affairs and Chief of Staff to the Chairman & CEO
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Groupe ADP board of directors in years:

7
Average Tenure
62
Average Age
  • The tenure for the Groupe ADP board of directors is about average.
Board of Directors

Augustin Pascal Pierre Louis de Romanet de Beaune

TITLE
President of the Board & CEO
COMPENSATION
€456K
AGE
57
TENURE
7.4 yrs

Jacques Gounon

TITLE
Independent Director
AGE
66
TENURE
11.8 yrs

Françoise Jacqueline Debrus

TITLE
Independent Director
AGE
59
TENURE
5.8 yrs

Jean-Paul Jouvent

TITLE
Employee Representative Director
AGE
58
TENURE
11.3 yrs

Christine Janodet

TITLE
AGE
63
TENURE
10.9 yrs

Patrick Gandil

TITLE
Advisory Member
AGE
63

Michel Massoni

TITLE
Non-Independent Director
AGE
69
TENURE
7 yrs

Joel Vidy

TITLE
Employee Representative Director
AGE
59
TENURE
2.1 yrs

Xavier M. Huillard

TITLE
Director
AGE
65
TENURE
5.8 yrs

Genevieve Debry

TITLE
Non-Independent Director
AGE
61
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Groupe ADP's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Groupe ADP has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ADP News

Simply Wall St News

Does Aéroports de Paris SA (EPA:ADP) Create Value For Shareholders?

Our data shows Aéroports de Paris has a return on equity of 13% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Aéroports de Paris: 13% = €661m ÷ €5.6b (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Do Aéroports de Paris SA’s (EPA:ADP) Returns On Capital Employed Make The Cut?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Aéroports de Paris: 0.078 = €1.1b ÷ (€17b - €2.5b) (Based on the trailing twelve months to June 2019.) So, Aéroports de Paris has an ROCE of 7.8%. … Aéroports de Paris's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Here's What You Should Know About Aéroports de Paris SA's (EPA:ADP) 2.4% Dividend Yield

While Aéroports de Paris's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Aéroports de Paris has grown its earnings per share at 17% per annum over the past five years. Aéroports de Paris's earnings per share have grown rapidly in recent years, although more than half of its profits are being paid out as dividends, which makes us wonder if the company has a limited number of reinvestment opportunities in its business. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

If You Had Bought Aéroports de Paris (EPA:ADP) Shares Three Years Ago You'd Have Made 68%

During three years of share price growth, Aéroports de Paris achieved compound earnings per share growth of 19% per year. … We note that for Aéroports de Paris the TSR over the last 3 years was 79%, which is better than the share price return mentioned above. … Before deciding if you like the current share price, check how Aéroports de Paris scores on these 3 valuation metrics.

Simply Wall St -

Aéroports de Paris SA (EPA:ADP): Immense Growth Potential?

Since Aéroports de Paris SA (EPA:ADP) released its earnings in December 2018, analysts seem cautiously bearish, as a 4.3% rise in profits is expected in the upcoming year, relative to the higher past 5-year average growth rate of 13%. … To understand the overall trajectory of ADP's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … ENXTPA:ADP Past and Future Earnings, July 20th 2019 This results in an annual growth rate of 6.2% based on the most recent earnings level of €610m to the final forecast of €743m by 2022.

Simply Wall St -

Should We Worry About Aéroports de Paris SA's (EPA:ADP) P/E Ratio?

See our latest analysis for Aéroports de Paris How Do I Calculate Aéroports de Paris's Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Aéroports de Paris: P/E of 25.6 = €157.8 ÷ €6.16 (Based on the year to December 2018.) Is A High P/E Ratio Good? … The Bottom Line On Aéroports de Paris's P/E Ratio Aéroports de Paris has a P/E of 25.6.

Simply Wall St -

How Much Did Aéroports de Paris SA's (EPA:ADP) CEO Pocket Last Year?

In 2012 Augustin Pascal Pierre Louis de Romanet de Beaune was appointed CEO of Aéroports de Paris SA (EPA:ADP). … View our latest analysis for Aéroports de Paris How Does Augustin Pascal Pierre Louis de Romanet de Beaune's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Augustin Pascal Pierre Louis de Romanet de Beaune is paid less than the average total compensation paid by other large companies.

Simply Wall St -

Here's Why I Think Aéroports de Paris (EPA:ADP) Might Deserve Your Attention Today

In contrast to all that, I prefer to spend time on companies like Aéroports de Paris (EPA:ADP), which has not only revenues, but also profits. … View our latest analysis for Aéroports de Paris How Fast Is Aéroports de Paris Growing? … Aéroports de Paris maintained stable EBIT margins over the last year, all while growing revenue 24% to €4.5b.

Simply Wall St -

Where Aéroports de Paris SA (EPA:ADP) Stands In Terms Of Earnings Growth Against Its Industry

However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 13%, indicating the rate at which ADP is growing has slowed down. … While Aéroports de Paris has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future. … I recommend you continue to research Aéroports de Paris to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for ADP’s future growth?

Simply Wall St -

Taking A Look At Aéroports de Paris SA's (EPA:ADP) ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Aéroports de Paris: 12% = €610m ÷ €5.8b (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Aéroports de Paris's Debt And Its 12% Return On Equity Aéroports de Paris clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.23. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

ADP Company Info

Description

Groupe ADP designs, construct, and operates airports. The company operates through five segments: Aviation, Retail and Services, Real Estate, International and Airport Developments, and Other Activities. It owns and operates Paris-Charles de Gaulle, Paris-Orly, and Paris-Le Bourget airports; Issy-les-Moulineaux heliport; and 10 general aviation airfields in France. The company is also involved in retail activities offering services through shops, bars and restaurants, banks and exchange offices, and rentals in terminals, as well as in the provision of parking and car rental services. In addition, it operates real estate properties, such as aircraft maintenance hangars and cargo terminals at the first edge or industrial areas; develops offices, hotels, shops, and business and logistic locations; and provides leaning, security, and human resources services, as well as information and communication technology services for airports and other sites with high business traffic. The company was formerly known as Aéroports de Paris SA. Groupe ADP was founded in 1945 and is based in Tremblay-en-France, France.

Details
Name: Groupe ADP
ADP
Exchange: ENXTPA
Founded: 1945
€9,203,335,986
98,960,602
Website: http://www.parisaeroport.fr
Address: Groupe ADP
1 Rue de France,
Tremblay-en-France,
Ile-de-France, 93290,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ADP Ordinary Shares Euronext Paris FR EUR 16. Jun 2006
OTCPK AEOX.F Ordinary Shares Pink Sheets LLC US USD 16. Jun 2006
DB W7L Ordinary Shares Deutsche Boerse AG DE EUR 16. Jun 2006
LSE 0NP8 Ordinary Shares London Stock Exchange GB EUR 16. Jun 2006
BMV ADP N Ordinary Shares Bolsa Mexicana de Valores MX MXN 16. Jun 2006
BATS-CHIXE ADPP Ordinary Shares BATS 'Chi-X Europe' GB EUR 16. Jun 2006
OTCPK ARRP.Y UNSPONSORD ADR Pink Sheets LLC US USD 16. Feb 2018
Number of employees
Current staff
Staff numbers
25,018
Groupe ADP employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 03:00
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/23
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.