Tear Sheet: Ceridian HCM Holding Inc. - S&P Global Ratings’ Credit Research

Tear Sheet: Ceridian HCM Holding Inc.

Tear Sheet: Ceridian HCM Holding Inc. - S&P Global Ratings’ Credit Research
Tear Sheet: Ceridian HCM Holding Inc.
Published Oct 24, 2023
4 pages (1761 words) — Published Oct 24, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Ceridian added 279 net Dayforce customers in the first half of 2023, and the deal size has increased 17% year over year. In our view, this demonstrates Ceridian's ability to sell a broader solution set. Ceridian has around 6,300 customers within its Dayforce platform, and most of these customers have recently adopted Ceridian's full suite solution. Nearly 50% of the new sales in 2023 are full suite, which has increased the full suite customer base to 40%. The company has developed extendable payroll engine that is deployable across most of Africa and the Middle East, and already has customers in Kenya and South Africa. In addition, Ceridian plans to transition its brand name to Dayforce to recognize its namesake flagship

  
Brief Excerpt:

...Foreign currency issuer credit rating B+/Positive/-- Local currency issuer credit rating B+/Positive/-- Business risk Fair Country risk Very Low Industry risk Intermediate Competitive position Fair Financial risk Aggressive Cash flow/leverage Aggressive Anchor ##- Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Fair (no impact) Comparable rating analysis Negative (-1 notch) Stand-alone credit profile b+...

  
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Full Report

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Global Issuers
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Ceridian HCM Holding Inc." Oct 24, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Ceridian-HCM-Holding-Inc-3075680>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Ceridian HCM Holding Inc. Oct 24, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Ceridian-HCM-Holding-Inc-3075680>
  
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