APPFOLIO INC - A (APPF)
US03783C1009 - Common Stock
Overall APPF gets a fundamental rating of 7 out of 10. We evaluated APPF against 279 industry peers in the Software industry. APPF has an excellent financial health rating, but there are some minor concerns on its profitability. APPF is not overvalued while it is showing excellent growth. This is an interesting combination. This makes APPF very considerable for growth investing!
1. Profitability
1.1 Basic Checks
APPF had positive earnings in the past year.
APPF had a positive operating cash flow in the past year.
Of the past 5 years APPF 4 years were profitable.
Each year in the past 5 years APPF had a positive operating cash flow.
1.2 Ratios
The Return On Assets of APPF (25.15%) is better than 98.21% of its industry peers.
With an excellent Return On Equity value of 31.88%, APPF belongs to the best of the industry, outperforming 92.83% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 24.96%, APPF belongs to the top of the industry, outperforming 96.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25.15% | ||
| ROE | 31.88% | ||
| ROIC | 24.96% |
ROA(3y)-5.65%
ROA(5y)7.53%
ROE(3y)-8.13%
ROE(5y)11.7%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
APPF has a Profit Margin of 17.26%. This is amongst the best in the industry. APPF outperforms 85.30% of its industry peers.
In the last couple of years the Profit Margin of APPF has declined.
With an excellent Operating Margin value of 19.05%, APPF belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
APPF's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 64.96%, APPF is in line with its industry, outperforming 45.16% of the companies in the same industry.
APPF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.05% | ||
| PM (TTM) | 17.26% | ||
| GM | 64.96% |
OM growth 3Y-35.49%
OM growth 5Y-39.38%
PM growth 3Y-79.57%
PM growth 5Y-47.11%
GM growth 3Y0.02%
GM growth 5Y0.11%
2. Health
2.1 Basic Checks
APPF has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, APPF has more shares outstanding
Compared to 5 years ago, APPF has more shares outstanding
APPF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 50.35 indicates that APPF is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 50.35, APPF belongs to the best of the industry, outperforming 98.21% of the companies in the same industry.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 50.35 |
ROIC/WACC2.09
WACC11.92%
2.3 Liquidity
APPF has a Current Ratio of 6.20. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 6.20, APPF belongs to the best of the industry, outperforming 89.96% of the companies in the same industry.
APPF has a Quick Ratio of 6.20. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
APPF's Quick ratio of 6.20 is amongst the best of the industry. APPF outperforms 89.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.2 | ||
| Quick Ratio | 6.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 464.94% over the past year.
The Earnings Per Share has been growing by 21.58% on average over the past years. This is a very strong growth
Looking at the last year, APPF shows a very strong growth in Revenue. The Revenue has grown by 33.12%.
APPF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 26.69% yearly.
EPS 1Y (TTM)464.94%
EPS 3Y-27.44%
EPS 5Y21.58%
EPS Q2Q%115%
Revenue 1Y (TTM)33.12%
Revenue growth 3Y26.01%
Revenue growth 5Y26.69%
Sales Q2Q%24.36%
3.2 Future
The Earnings Per Share is expected to grow by 59.90% on average over the next years. This is a very strong growth
Based on estimates for the next years, APPF will show a quite strong growth in Revenue. The Revenue will grow by 13.28% on average per year.
EPS Next Y163.66%
EPS Next 2Y81.44%
EPS Next 3Y59.9%
EPS Next 5YN/A
Revenue Next Year29.09%
Revenue Next 2Y23.31%
Revenue Next 3Y21.16%
Revenue Next 5Y13.28%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
APPF is valuated quite expensively with a Price/Earnings ratio of 55.72.
Based on the Price/Earnings ratio, APPF is valued a bit cheaper than the industry average as 60.57% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 29.20, APPF is valued quite expensively.
The Price/Forward Earnings ratio is 43.31, which means the current valuation is very expensive for APPF.
The rest of the industry has a similar Price/Forward Earnings ratio as APPF.
The average S&P500 Price/Forward Earnings ratio is at 24.00. APPF is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.72 | ||
| Fwd PE | 43.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than the industry average as 68.10% 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 63.80% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.11 | ||
| EV/EBITDA | 48.66 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 59.90% in the coming years.
PEG (NY)0.34
PEG (5Y)2.58
EPS Next 2Y81.44%
EPS Next 3Y59.9%
5. Dividend
5.1 Amount
No dividends for APPF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
APPFOLIO INC - A
NASDAQ:APPF (11/22/2024, 8:23:33 PM)
After market: 242.39 0 (0%)242.39
+5.66 (+2.39%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.81B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.72 | ||
| Fwd PE | 43.31 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.34
PEG (5Y)2.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25.15% | ||
| ROE | 31.88% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 19.05% | ||
| PM (TTM) | 17.26% | ||
| GM | 64.96% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 6.2 | ||
| Quick Ratio | 6.2 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)464.94%
EPS 3Y-27.44%
EPS 5Y
EPS Q2Q%
EPS Next Y163.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)33.12%
Revenue growth 3Y26.01%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y