APPFOLIO INC - A (APPF) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:APPF • US03783C1009

179.725 USD
+2.36 (+1.33%)
At close: Feb 6, 2026
179.725 USD
0 (0%)
After Hours: 2/6/2026, 8:18:02 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to APPF. APPF was compared to 277 industry peers in the Software industry. APPF scores excellent points on both the profitability and health parts. This is a solid base for a good stock. APPF is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make APPF a good candidate for growth and quality investing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • APPF had positive earnings in the past year.
  • In the past year APPF had a positive cash flow from operations.
  • APPF had positive earnings in 4 of the past 5 years.
  • In the past 5 years APPF always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • With an excellent Return On Assets value of 20.45%, APPF belongs to the best of the industry, outperforming 96.04% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 25.97%, APPF belongs to the top of the industry, outperforming 91.37% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 22.98%, APPF belongs to the best of the industry, outperforming 94.96% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for APPF is above the industry average of 10.82%.
  • The 3 year average ROIC (15.13%) for APPF is below the current ROIC(22.98%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 20.45%
ROE 25.97%
ROIC 22.98%
ROA(3y)17.89%
ROA(5y)7.21%
ROE(3y)22.06%
ROE(5y)8.17%
ROIC(3y)15.13%
ROIC(5y)N/A
APPF Yearly ROA, ROE, ROICAPPF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • APPF has a Profit Margin of 14.82%. This is in the better half of the industry: APPF outperforms 77.70% of its industry peers.
  • APPF's Profit Margin has declined in the last couple of years.
  • The Operating Margin of APPF (16.08%) is better than 83.09% of its industry peers.
  • In the last couple of years the Operating Margin of APPF has grown nicely.
  • APPF has a Gross Margin of 63.68%. This is comparable to the rest of the industry: APPF outperforms 41.37% of its industry peers.
  • APPF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.08%
PM (TTM) 14.82%
GM 63.68%
OM growth 3YN/A
OM growth 5Y38.46%
PM growth 3YN/A
PM growth 5Y-21.92%
GM growth 3Y2.37%
GM growth 5Y0.67%
APPF Yearly Profit, Operating, Gross MarginsAPPF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APPF is creating value.
  • Compared to 1 year ago, APPF has less 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
APPF Yearly Total Debt VS Total AssetsAPPF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • APPF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC2.09
WACC11.01%
APPF Yearly LT Debt VS Equity VS FCFAPPF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M 500M

2.3 Liquidity

  • APPF has a Current Ratio of 3.31. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of APPF (3.31) is better than 76.98% of its industry peers.
  • APPF has a Quick Ratio of 3.31. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
  • APPF has a Quick ratio of 3.31. This is in the better half of the industry: APPF outperforms 76.98% of its industry peers.
Industry RankSector Rank
Current Ratio 3.31
Quick Ratio 3.31
APPF Yearly Current Assets VS Current LiabilitesAPPF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 20.50%, which is quite impressive.
  • Measured over the past 5 years, APPF shows a small growth in Earnings Per Share. The EPS has been growing by 3.52% on average per year.
  • APPF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.72%.
  • The Revenue has been growing by 25.12% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)20.5%
EPS 3YN/A
EPS 5Y3.52%
EPS Q2Q%51.09%
Revenue 1Y (TTM)19.72%
Revenue growth 3Y26.3%
Revenue growth 5Y25.12%
Sales Q2Q%21.86%

3.2 Future

  • Based on estimates for the next years, APPF will show a very strong growth in Earnings Per Share. The EPS will grow by 21.75% on average per year.
  • The Revenue is expected to grow by 16.84% on average over the next years. This is quite good.
EPS Next Y25.81%
EPS Next 2Y23.86%
EPS Next 3Y21.75%
EPS Next 5YN/A
Revenue Next Year17.45%
Revenue Next 2Y17.03%
Revenue Next 3Y16.84%
Revenue Next 5YN/A

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.
  • 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
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 2028 0 2 4 6 8

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 33.97, APPF can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as APPF.
  • The average S&P500 Price/Earnings ratio is at 27.93. APPF is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 27.00 indicates a quite expensive valuation of APPF.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APPF is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.77, APPF is valued at the same level.
Industry RankSector Rank
PE 33.97
Fwd PE 27
APPF Price Earnings VS Forward Price EarningsAPPF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than 62.59% of the companies in the same industry.
  • 66.19% of the companies in the same industry are more expensive than APPF, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 27.41
EV/EBITDA 34.52
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of APPF may justify a higher PE ratio.
  • A more expensive valuation may be justified as APPF's earnings are expected to grow with 21.75% in the coming years.
PEG (NY)1.32
PEG (5Y)9.66
EPS Next 2Y23.86%
EPS Next 3Y21.75%

0

5. Dividend

5.1 Amount

  • No dividends for APPF!.
Industry RankSector Rank
Dividend Yield 0%

APPFOLIO INC - A

NASDAQ:APPF (2/6/2026, 8:18:02 PM)

After market: 179.725 0 (0%)

179.725

+2.36 (+1.33%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners88.38%
Inst Owner Change-0.29%
Ins Owners2.47%
Ins Owner Change0.44%
Market Cap6.46B
Revenue(TTM)950.82M
Net Income(TTM)140.92M
Analysts82.86
Price Target278.03 (54.7%)
Short Float %6.04%
Short Ratio4.88
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-1.42%
Min EPS beat(2)-11.52%
Max EPS beat(2)8.67%
EPS beat(4)2
Avg EPS beat(4)-0.13%
Min EPS beat(4)-11.52%
Max EPS beat(4)8.67%
EPS beat(8)5
Avg EPS beat(8)6.1%
EPS beat(12)9
Avg EPS beat(12)23.49%
EPS beat(16)12
Avg EPS beat(16)-111.22%
Revenue beat(2)0
Avg Revenue beat(2)-0.84%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-1.25%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)-0.15%
Revenue beat(8)3
Avg Revenue beat(8)0.06%
Revenue beat(12)7
Avg Revenue beat(12)0.79%
Revenue beat(16)10
Avg Revenue beat(16)1%
PT rev (1m)-11.67%
PT rev (3m)-16.46%
EPS NQ rev (1m)2.95%
EPS NQ rev (3m)4.3%
EPS NY rev (1m)1.88%
EPS NY rev (3m)8.41%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)-0.96%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 33.97
Fwd PE 27
P/S 6.79
P/FCF 27.41
P/OCF 26.66
P/B 11.9
P/tB 16.3
EV/EBITDA 34.52
EPS(TTM)5.29
EY2.94%
EPS(NY)6.66
Fwd EY3.7%
FCF(TTM)6.56
FCFY3.65%
OCF(TTM)6.74
OCFY3.75%
SpS26.47
BVpS15.11
TBVpS11.03
PEG (NY)1.32
PEG (5Y)9.66
Graham Number42.4
Profitability
Industry RankSector Rank
ROA 20.45%
ROE 25.97%
ROCE 26.27%
ROIC 22.98%
ROICexc 40.42%
ROICexgc 72.56%
OM 16.08%
PM (TTM) 14.82%
GM 63.68%
FCFM 24.77%
ROA(3y)17.89%
ROA(5y)7.21%
ROE(3y)22.06%
ROE(5y)8.17%
ROIC(3y)15.13%
ROIC(5y)N/A
ROICexc(3y)28.55%
ROICexc(5y)N/A
ROICexgc(3y)59.25%
ROICexgc(5y)N/A
ROCE(3y)17.3%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y39.85%
ROICexc growth 3YN/A
ROICexc growth 5Y51.83%
OM growth 3YN/A
OM growth 5Y38.46%
PM growth 3YN/A
PM growth 5Y-21.92%
GM growth 3Y2.37%
GM growth 5Y0.67%
F-Score6
Asset Turnover1.38
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 29.12%
Cap/Sales 0.69%
Interest Coverage 250
Cash Conversion 137.9%
Profit Quality 167.12%
Current Ratio 3.31
Quick Ratio 3.31
Altman-Z N/A
F-Score6
WACC11.01%
ROIC/WACC2.09
Cap/Depr(3y)40.61%
Cap/Depr(5y)60.69%
Cap/Sales(3y)1.28%
Cap/Sales(5y)3.49%
Profit Quality(3y)657.89%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.5%
EPS 3YN/A
EPS 5Y3.52%
EPS Q2Q%51.09%
EPS Next Y25.81%
EPS Next 2Y23.86%
EPS Next 3Y21.75%
EPS Next 5YN/A
Revenue 1Y (TTM)19.72%
Revenue growth 3Y26.3%
Revenue growth 5Y25.12%
Sales Q2Q%21.86%
Revenue Next Year17.45%
Revenue Next 2Y17.03%
Revenue Next 3Y16.84%
Revenue Next 5YN/A
EBIT growth 1Y12.73%
EBIT growth 3YN/A
EBIT growth 5Y73.24%
EBIT Next Year34.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y30.14%
FCF growth 3Y284.59%
FCF growth 5Y135.96%
OCF growth 1Y28.67%
OCF growth 3Y112.11%
OCF growth 5Y38.04%

APPFOLIO INC - A / APPF FAQ

What is the fundamental rating for APPF stock?

ChartMill assigns a fundamental rating of 7 / 10 to APPF.


What is the valuation status of APPFOLIO INC - A (APPF) stock?

ChartMill assigns a valuation rating of 4 / 10 to APPFOLIO INC - A (APPF). This can be considered as Fairly Valued.


What is the profitability of APPF stock?

APPFOLIO INC - A (APPF) has a profitability rating of 8 / 10.


What is the financial health of APPFOLIO INC - A (APPF) stock?

The financial health rating of APPFOLIO INC - A (APPF) is 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 25.81% in the next year.