Financials ADT Inc.

Equities

ADT

US00090Q1031

Communications & Networking

Market Closed - Nyse Other stock markets 04:00:02 2025-06-13 pm EDT			5-day change	1st Jan Change
8.110 ^USD	-1.46%		-3.80%	+17.37%

Apr. 30	ADT Inc. and Yale Introduce First-Ever Z-Wave User Credential Command Class Lock, Expanding Smart Home Security with Fingerprint Control	CI
Apr. 24	Tranche Update on ADT Inc.'s Equity Buyback Plan announced on February 27, 2025.	CI

Projected Income Statement: ADT Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	5,315	5,307	6,395	4,983	4,898	5,140	5,344	5,550
Change	-	-0.15%	20.5%	-22.08%	-1.71%	4.93%	3.99%	3.85%
EBITDA ¹	2,199	2,213	2,447	2,365	2,578	2,702	2,844	2,955
Change	-	0.64%	10.57%	-3.35%	9.01%	4.81%	5.24%	3.91%
EBIT ¹	41	15	560	976	1,235	1,377	1,463	1,535
Change	-	-63.41%	3,633.33%	74.29%	26.54%	11.49%	6.23%	4.95%
Interest Paid ¹	-708.2	-458	-265	-572.2	-441	-482	-540	-484
Earnings before Tax (EBT)	-779	-471	237	-67	815	-	-	-
Change	-	39.54%	150.32%	-128.27%	1,316.42%	-	-	-
Net income	-632	-341	173	463	501	-	-	-
Change	-	46.04%	150.73%	167.63%	8.21%	-	-	-
Announcement Date	2/25/21	3/1/22	2/28/23	2/28/24	2/27/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	1,331	1,299	1,315	1,305	1,304	1,317	1,381	1,545	1,601	1,604	1,645	1,612	1,593	1,237	1,222	1,209	1,205	1,244	1,260	1,267	1,276	1,299	1,308	1,322	-	-	-
Change	-	-2.4%	1.23%	-0.76%	-0.08%	1%	4.86%	11.88%	3.62%	0.19%	2.56%	-2.01%	-1.18%	-22.32%	-1.25%	-1.06%	-0.33%	3.24%	1.29%	0.56%	0.72%	1.83%	0.65%	1.05%	-	-	-
EBITDA ¹	563	564	533	542	542	554	574	601	597	620	629	625	651	-	599	614	629	659	653	661	681.2	687	684.3	668.5	-	-	-
Change	-	0.18%	-5.5%	1.69%	0%	2.21%	3.61%	4.7%	-0.67%	3.85%	1.45%	-0.64%	4.16%	-	-	2.5%	2.44%	4.77%	-0.91%	1.23%	3.06%	0.85%	-0.39%	-2.32%	-	-	-
EBIT ¹	85	63	17	-16	-2	23	10	76	211	67	206	242	305	249.6	269	195	284	326	312	321	346.9	368.8	369.9	346.7	-	-	-
Change	-	-25.88%	-73.02%	-194.12%	87.5%	1,250%	-56.52%	660%	177.63%	-68.25%	207.46%	17.48%	26.03%	-18.16%	7.77%	-27.51%	45.64%	14.79%	-4.29%	2.88%	8.08%	6.31%	0.3%	-6.27%	-	-	-
Charge d'intérêts ¹	-187.3	-156.8	-139.2	-47.72	-166.5	-133.3	-110	-6.307	-82	-30	-147	-172	-84	-147	-169.8	-89	-110	-162	-82	-121	-122	-120	-119	-140	-138	-132	-130
Earnings before Tax (EBT)	-135	-141	-125	-62	-167	-146	-96	71	130	-119	155	-130	39	-	89	-	-	182	227	194	-	-	-	-	-	-	-
Change	-	-4.44%	11.35%	50.4%	-169.35%	12.57%	34.25%	173.96%	83.1%	-191.54%	230.25%	-183.87%	130%	-	-	-	-	-	24.73%	-14.54%	-	-	-	-	-	-	-
Net income	-107	-113	-112	-48	-126	-109	-58	52	92	-122	151	-90	92	-	576	-	-	127	190	-	-	-	-	-	-	-	-
Change	-	-5.61%	0.88%	57.14%	-162.5%	13.49%	46.79%	189.66%	76.92%	-232.61%	223.77%	-159.6%	202.22%	-	-	-	-	-	49.61%	-	-	-	-	-	-	-	-
Announcement Date	8/5/20	11/5/20	2/25/21	5/5/21	8/4/21	11/9/21	3/1/22	5/5/22	8/4/22	11/3/22	2/28/23	5/2/23	8/8/23	11/2/23	2/28/24	4/25/24	8/1/24	10/24/24	2/27/25	4/24/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: ADT Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	9,288	9,669	9,572	7,829	7,357	7,492	7,111	6,697
Change	-	4.1%	-1%	-18.21%	-6.03%	1.83%	-5.09%	-5.82%
Announcement Date	2/25/21	3/1/22	2/28/23	2/28/24	2/27/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: ADT Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	956.3	-	-	806.9	-	-	-	-
Change	-	-	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	410.5	465	558	850.8	659	852.6	925.1	975.4
Change	-	13.28%	20%	52.48%	-22.55%	29.38%	8.5%	5.44%
Announcement Date	2/25/21	3/1/22	2/28/23	2/28/24	2/27/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: ADT Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	41.37%	41.7%	38.26%	47.46%	52.63%	52.57%	53.21%	53.24%
EBIT Margin (%)	0.77%	0.28%	8.76%	19.59%	25.21%	26.79%	27.37%	27.66%
EBT Margin (%)	-14.66%	-8.88%	3.71%	-1.34%	16.64%	-	-	-
Net margin (%)	-11.89%	-6.43%	2.71%	9.29%	10.23%	-	-	-
FCF margin (%)	7.72%	8.76%	8.73%	17.07%	13.45%	16.59%	17.31%	17.57%
FCF / Net Income (%)	-64.95%	-136.36%	322.54%	183.77%	131.54%	-	-	-
Profitability
ROA	-3.93%	-	-	-	-	-	-	-
ROE	-8.81%	-10.85%	6.52%	12.22%	18.05%	19.13%	19.27%	19.04%
Financial Health
Leverage (Debt/EBITDA)	4.22x	4.37x	3.91x	3.31x	2.85x	2.77x	2.5x	2.27x
Debt / Free cash flow	22.63x	20.79x	17.15x	9.2x	11.16x	8.79x	7.69x	6.87x
Capital Intensity
CAPEX / Current Assets (%)	17.99%	-	-	16.19%	-	-	-	-
CAPEX / EBITDA (%)	43.49%	-	-	34.12%	-	-	-	-
CAPEX / FCF (%)	232.96%	-	-	94.83%	-	-	-	-
Items per share
Cash flow per share ¹	1.797	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	0.14	0.14	0.14	0.14	0.22	0.22	0.2233	0.2267
Change	-	0%	0%	0%	57.14%	0%	1.51%	1.5%
Book Value Per Share ¹	3.681	3.603	3.744	4.11	4.543	4.75	5.37	6.08
Change	-	-2.1%	3.92%	9.76%	10.54%	4.55%	13.05%	13.22%
EPS ¹	-0.82	-0.41	0.19	0.51	0.52	-	-	-
Change	-	50%	146.34%	168.42%	1.96%	-	-	-
Nbr of stocks (in thousands)	815,846	821,767	903,991	912,498	897,819	829,826	829,826	829,826
Announcement Date	2/25/21	3/1/22	2/28/23	2/28/24	2/27/25	-	-	-