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APPFOLIO INC - A (APPF) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:APPF - US03783C1009 - Common Stock

233.515 USD
-1.9 (-0.8%)
Last: 12/8/2025, 2:59:23 PM
Fundamental Rating

6

Taking everything into account, APPF scores 6 out of 10 in our fundamental rating. APPF was compared to 280 industry peers in the Software industry. APPF has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. APPF shows excellent growth, but is valued quite expensive already. These ratings could make APPF a good candidate for growth and quality investing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year APPF was profitable.
APPF had a positive operating cash flow in the past year.
APPF had positive earnings in 4 of the past 5 years.
Each year in the past 5 years APPF had a positive operating cash flow.
APPF Yearly Net Income VS EBIT VS OCF VS FCFAPPF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M 150M 200M

1.2 Ratios

With an excellent Return On Assets value of 31.81%, APPF belongs to the best of the industry, outperforming 98.21% of the companies in the same industry.
APPF has a Return On Equity of 40.84%. This is amongst the best in the industry. APPF outperforms 94.64% of its industry peers.
With an excellent Return On Invested Capital value of 19.35%, APPF belongs to the best of the industry, outperforming 93.93% of the companies in the same industry.
Industry RankSector Rank
ROA 31.81%
ROE 40.84%
ROIC 19.35%
ROA(3y)5.12%
ROA(5y)11.25%
ROE(3y)4.85%
ROE(5y)14.06%
ROIC(3y)N/A
ROIC(5y)N/A
APPF Yearly ROA, ROE, ROICAPPF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

1.3 Margins

APPF's Profit Margin of 22.48% is amongst the best of the industry. APPF outperforms 87.14% of its industry peers.
APPF's Profit Margin has improved in the last couple of years.
APPF's Operating Margin of 14.60% is amongst the best of the industry. APPF outperforms 81.07% of its industry peers.
In the last couple of years the Operating Margin of APPF has grown nicely.
Looking at the Gross Margin, with a value of 63.48%, APPF is in line with its industry, outperforming 41.43% of the companies in the same industry.
In the last couple of years the Gross Margin of APPF has remained more or less at the same level.
Industry RankSector Rank
OM 14.6%
PM (TTM) 22.48%
GM 63.48%
OM growth 3YN/A
OM growth 5Y41.53%
PM growth 3Y351.99%
PM growth 5Y12.62%
GM growth 3Y2.47%
GM growth 5Y1.35%
APPF Yearly Profit, Operating, Gross MarginsAPPF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), APPF is creating some value.
Compared to 1 year ago, APPF has more shares outstanding
Compared to 5 years ago, APPF has more shares outstanding
There is no outstanding debt for APPF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
APPF Yearly Shares OutstandingAPPF Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
APPF Yearly Total Debt VS Total AssetsAPPF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

An Altman-Z score of 39.16 indicates that APPF is not in any danger for bankruptcy at the moment.
APPF has a better Altman-Z score (39.16) than 96.43% of its industry peers.
There is no outstanding debt for APPF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 39.16
ROIC/WACC1.77
WACC10.91%
APPF Yearly LT Debt VS Equity VS FCFAPPF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

2.3 Liquidity

APPF has a Current Ratio of 3.01. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
APPF's Current ratio of 3.01 is fine compared to the rest of the industry. APPF outperforms 76.07% of its industry peers.
APPF has a Quick Ratio of 3.01. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of APPF (3.01) is better than 76.43% of its industry peers.
Industry RankSector Rank
Current Ratio 3.01
Quick Ratio 3.01
APPF Yearly Current Assets VS Current LiabilitesAPPF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

8

3. Growth

3.1 Past

APPF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.80%, which is quite good.
The Earnings Per Share has been growing by 59.90% on average over the past years. This is a very strong growth
Looking at the last year, APPF shows a quite strong growth in Revenue. The Revenue has grown by 18.88% in the last year.
The Revenue has been growing by 25.41% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)10.8%
EPS 3Y426.96%
EPS 5Y59.9%
EPS Q2Q%1.55%
Revenue 1Y (TTM)18.88%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%21.2%

3.2 Future

APPF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.57% yearly.
The Revenue is expected to grow by 18.87% on average over the next years. This is quite good.
EPS Next Y19.36%
EPS Next 2Y21.76%
EPS Next 3Y23.57%
EPS Next 5YN/A
Revenue Next Year20.15%
Revenue Next 2Y19.33%
Revenue Next 3Y18.87%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
APPF Yearly Revenue VS EstimatesAPPF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
APPF Yearly EPS VS EstimatesAPPF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 48.45, APPF can be considered very expensive at the moment.
APPF's Price/Earnings ratio is in line with the industry average.
APPF is valuated expensively when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 35.88, APPF can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APPF is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.69. APPF is valued rather expensively when compared to this.
Industry RankSector Rank
PE 48.45
Fwd PE 35.88
APPF Price Earnings VS Forward Price EarningsAPPF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than the industry average as 61.79% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, APPF is valued a bit cheaper than the industry average as 63.21% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 40.29
EV/EBITDA 53.05
APPF Per share dataAPPF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
APPF has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as APPF's earnings are expected to grow with 23.57% in the coming years.
PEG (NY)2.5
PEG (5Y)0.81
EPS Next 2Y21.76%
EPS Next 3Y23.57%

0

5. Dividend

5.1 Amount

APPF does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

APPFOLIO INC - A

NASDAQ:APPF (12/8/2025, 2:59:23 PM)

233.515

-1.9 (-0.8%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-30 2025-10-30/amc
Earnings (Next)01-28 2026-01-28/amc
Inst Owners88.36%
Inst Owner Change0.75%
Ins Owners2.48%
Ins Owner Change-0.16%
Market Cap8.39B
Revenue(TTM)906.29M
Net Income(TTM)203.74M
Analysts83.08
Price Target319.56 (36.85%)
Short Float %6.02%
Short Ratio4.77
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.05%
Min EPS beat(2)-11.52%
Max EPS beat(2)5.42%
EPS beat(4)1
Avg EPS beat(4)-3.37%
Min EPS beat(4)-11.52%
Max EPS beat(4)5.42%
EPS beat(8)5
Avg EPS beat(8)7.42%
EPS beat(12)9
Avg EPS beat(12)27.86%
EPS beat(16)11
Avg EPS beat(16)-115.31%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)-0.15%
Revenue beat(4)0
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)-0.15%
Revenue beat(8)4
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)1.18%
Revenue beat(16)11
Avg Revenue beat(16)1.16%
PT rev (1m)-3.98%
PT rev (3m)3.85%
EPS NQ rev (1m)-1.2%
EPS NQ rev (3m)-6.63%
EPS NY rev (1m)-1.09%
EPS NY rev (3m)-4.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.64%
Valuation
Industry RankSector Rank
PE 48.45
Fwd PE 35.88
P/S 9.26
P/FCF 40.29
P/OCF 39.25
P/B 16.81
P/tB 24.01
EV/EBITDA 53.05
EPS(TTM)4.82
EY2.06%
EPS(NY)6.51
Fwd EY2.79%
FCF(TTM)5.8
FCFY2.48%
OCF(TTM)5.95
OCFY2.55%
SpS25.23
BVpS13.89
TBVpS9.73
PEG (NY)2.5
PEG (5Y)0.81
Graham Number38.81
Profitability
Industry RankSector Rank
ROA 31.81%
ROE 40.84%
ROCE 24.5%
ROIC 19.35%
ROICexc 30.75%
ROICexgc 54.89%
OM 14.6%
PM (TTM) 22.48%
GM 63.48%
FCFM 22.97%
ROA(3y)5.12%
ROA(5y)11.25%
ROE(3y)4.85%
ROE(5y)14.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y55.49%
ROICexc growth 3YN/A
ROICexc growth 5Y60.78%
OM growth 3YN/A
OM growth 5Y41.53%
PM growth 3Y351.99%
PM growth 5Y12.62%
GM growth 3Y2.47%
GM growth 5Y1.35%
F-Score6
Asset Turnover1.42
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 26.25%
Cap/Sales 0.61%
Interest Coverage 250
Cash Conversion 139.4%
Profit Quality 102.18%
Current Ratio 3.01
Quick Ratio 3.01
Altman-Z 39.16
F-Score6
WACC10.91%
ROIC/WACC1.77
Cap/Depr(3y)53.87%
Cap/Depr(5y)88.52%
Cap/Sales(3y)2.55%
Cap/Sales(5y)6.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.8%
EPS 3Y426.96%
EPS 5Y59.9%
EPS Q2Q%1.55%
EPS Next Y19.36%
EPS Next 2Y21.76%
EPS Next 3Y23.57%
EPS Next 5YN/A
Revenue 1Y (TTM)18.88%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%21.2%
Revenue Next Year20.15%
Revenue Next 2Y19.33%
Revenue Next 3Y18.87%
Revenue Next 5YN/A
EBIT growth 1Y-8.9%
EBIT growth 3YN/A
EBIT growth 5Y77.49%
EBIT Next Year20.91%
EBIT Next 3Y24.95%
EBIT Next 5YN/A
FCF growth 1Y889.42%
FCF growth 3Y307.73%
FCF growth 5Y79.14%
OCF growth 1Y507.22%
OCF growth 3Y74.53%
OCF growth 5Y37.07%

APPFOLIO INC - A / APPF FAQ

What is the fundamental rating for APPF stock?

ChartMill assigns a fundamental rating of 6 / 10 to APPF.


Can you provide the valuation status for APPFOLIO INC - A?

ChartMill assigns a valuation rating of 3 / 10 to APPFOLIO INC - A (APPF). This can be considered as Overvalued.


How profitable is APPFOLIO INC - A (APPF) stock?

APPFOLIO INC - A (APPF) has a profitability rating of 7 / 10.


What is the expected EPS growth for APPFOLIO INC - A (APPF) stock?

The Earnings per Share (EPS) of APPFOLIO INC - A (APPF) is expected to grow by 19.36% in the next year.