Investor Presentaiton
TSR Benchmarking: Gartner Cloud HCM MQ (1) (2)
Assumes Market Capitalization Weighting as of 7/26/17
TSR
ADP vs. Comparable TSR
(Assumes 7/26/17 Close Price)
Market
Cap ($M)
Weighting
Beta (3)
Since
Carlos
5 Year
3 Year
1 Year
Since
Carlos
5 Year
3 Year
1 Year
ADP (7/26/17 close price as
"unaffected")
$47,384
1.0
175%
142%
57%
13%
ADP+CDK (7/27/17 intraday
$49,896
1.0
203%
166%
73%
19%
price as "unaffected")
(4)(5)
Oracle
217,370
58%
1.1
75%
83%
33%
27%
101%
59%
24%
(14%)
SAP
129,312
34%
0.8
95%
80%
36%
24%
80%
62%
21%
(11%)
Ultimate Software
7,007
2%
1.0
258%
149%
73%
3%
(83%)
(8%) (16%)
10%
Workday
21,442
6%
1.6
29%
31%
28%
(18%)
Market Cap Weighted (6)
$375,131
100%
86%
83%
35%
26%
89%
59%
22%
(13%)
Median
1.1
95%
83%
35%
26%
80%
59%
22% (12%)
Mean
1.2
143%
104%
43%
21%
33%
38%
14%
(8%)
Sources: Bloomberg, Capital IQ
Notes:
1. Publically traded companies in the Gartner "Magic Quadrant" for Cloud HCM for Midmarket and Large Enterprises.
2. Based on respective USD closing prices adjusted for corporate actions.
3. Betas are forward-looking and benchmarked on the S&P 500 with a weekly periodicity and 2-year lookback period.
4. Assumes ADP's 7/27/17 intraday price of $111.65 as of 12:00PM, which is the assumed ADP "unaffected" price; see Additional
Materials page 61 for additional detail.
5. See page 9 for additional detail.
6. Re-weights current market capitalizations in time periods where not entire comparable company set is public.
Copyright
2017 ADP, LLC.
65
ADP
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