Automatic Data Processing (NASDAQ:ADP) Seems To Use Debt Quite Sensibly
Apr 20
U.S. HR Services Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies48
- 7D-1.6%
- 3M-1.9%
- 1Y1.7%
- YTDn/a
Over the last 7 days, the HR Services industry has dropped 1.6%, driven by Paychex declining 2.4%. On the other hand ManpowerGroup is actually up 6.1%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the U.S. HR Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | US$214.6b | US$87.1b | US$6.1b | 23.6x | 35x | 2.5x |
| Thu, 21 Mar 2024 | US$219.6b | US$87.4b | US$6.3b | 23.4x | 34.7x | 2.5x |
| Sat, 17 Feb 2024 | US$225.6b | US$87.3b | US$6.4b | 26.8x | 35.3x | 2.6x |
| Mon, 15 Jan 2024 | US$215.0b | US$87.3b | US$6.4b | 26.4x | 33.8x | 2.5x |
| Wed, 13 Dec 2023 | US$218.0b | US$87.2b | US$6.3b | 27.9x | 34.4x | 2.5x |
| Fri, 10 Nov 2023 | US$202.9b | US$87.2b | US$5.8b | 22.4x | 34.9x | 2.3x |
| Sun, 08 Oct 2023 | US$229.0b | US$92.1b | US$6.3b | 20x | 36.4x | 2.5x |
| Tue, 05 Sep 2023 | US$238.6b | US$92.0b | US$6.2b | 21x | 38.5x | 2.6x |
| Thu, 03 Aug 2023 | US$234.7b | US$91.6b | US$6.0b | 18.3x | 39.3x | 2.6x |
| Sat, 01 Jul 2023 | US$219.9b | US$91.8b | US$6.3b | 16.6x | 34.9x | 2.4x |
| Mon, 29 May 2023 | US$208.2b | US$91.8b | US$6.3b | 15.7x | 33x | 2.3x |
| Wed, 26 Apr 2023 | US$170.3b | US$85.6b | US$6.0b | 12x | 28.5x | 2x |
| Fri, 24 Mar 2023 | US$172.0b | US$87.3b | US$6.0b | 12.7x | 28.7x | 2x |
| Sun, 19 Feb 2023 | US$49.9b | US$63.9b | US$1.6b | 14.9x | 30.5x | 0.8x |
| Tue, 17 Jan 2023 | US$46.2b | US$64.0b | US$2.1b | 12.6x | 22.5x | 0.7x |
| Thu, 15 Dec 2022 | US$46.1b | US$64.0b | US$2.1b | 12x | 22.4x | 0.7x |
| Sat, 12 Nov 2022 | US$47.5b | US$63.7b | US$2.8b | 11.9x | 17.3x | 0.7x |
| Mon, 10 Oct 2022 | US$41.7b | US$57.8b | US$2.5b | 10.6x | 17x | 0.7x |
| Wed, 07 Sep 2022 | US$44.2b | US$57.6b | US$2.5b | 12.2x | 18x | 0.8x |
| Fri, 05 Aug 2022 | US$46.5b | US$57.5b | US$2.4b | 12.5x | 19.4x | 0.8x |
| Sun, 03 Jul 2022 | US$44.5b | US$57.9b | US$2.3b | 10.2x | 19.5x | 0.8x |
| Tue, 31 May 2022 | US$52.5b | US$58.4b | US$2.3b | 12x | 22.4x | 0.9x |
| Thu, 28 Apr 2022 | US$57.5b | US$57.8b | US$2.4b | 14.2x | 23.9x | 1x |
| Sat, 26 Mar 2022 | US$62.2b | US$56.8b | US$4.9b | 15.8x | 12.6x | 1.1x |
| Mon, 21 Feb 2022 | US$62.5b | US$54.1b | US$2.1b | 16.3x | 29.7x | 1.2x |
| Wed, 19 Jan 2022 | US$65.0b | US$57.9b | US$2.0b | 20.5x | 32.4x | 1.1x |
| Fri, 17 Dec 2021 | US$66.9b | US$57.8b | US$2.0b | 20.1x | 33.7x | 1.2x |
| Sun, 14 Nov 2021 | US$76.3b | US$57.7b | US$1.9b | 23.5x | 39.5x | 1.3x |
| Tue, 12 Oct 2021 | US$75.0b | US$54.9b | US$1.7b | 26.8x | 45.2x | 1.4x |
| Thu, 09 Sep 2021 | US$70.1b | US$55.5b | US$1.7b | 22.2x | 41.8x | 1.3x |
| Sat, 07 Aug 2021 | US$65.8b | US$55.3b | US$1.7b | 23.7x | 39x | 1.2x |
| Fri, 30 Apr 2021 | US$56.3b | US$51.2b | US$1.2b | 27x | 45.3x | 1.1x |
Price to Earnings Ratio
45.3x
Current Industry PE
- Investors are optimistic on the American Human Resource and Employment Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.0x which is higher than its 3-year average PE of 31.0x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Human Resource and Employment Services industry have grown 70% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. HR Services compare with similar industries?
| US Market | -3.18% | |
| Industrials | -2.33% | |
| Professional Services | -2.36% | |
| HR Services | -1.60% | |
| Research and Consulting Services | -3.16% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADP Automatic Data Processing | US$246.31 | 0.9% +US$862.7m | 16.4% | PE28.4x | |
| MAN ManpowerGroup | US$75.65 | 8.1% +US$274.8m | 1.0% | PE72.2x | |
| ASGN ASGN | US$99.62 | 5.1% +US$223.2m | 33.1% | PE21.1x | |
| NSP Insperity | US$109.01 | 4.0% +US$156.6m | -9.2% | PE24x | |
| TNET TriNet Group | US$129.68 | 2.3% +US$145.1m | 58.1% | PE17.5x |
