We assign a fundamental rating of 6 out of 10 to APPF. APPF was compared to 278 industry peers in the Software industry. APPF gets an excellent profitability rating and is at the same time showing great financial health properties. APPF is not valued too expensively and it also shows a decent growth rate. This makes APPF very considerable for quality investing!

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
The reported net income has been mixed in the past 5 years: APPF reported negative net income in multiple years.
APPF had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

APPF's Return On Assets of 31.81% is amongst the best of the industry. APPF outperforms 98.56% of its industry peers.
With an excellent Return On Equity value of 40.84%, APPF belongs to the best of the industry, outperforming 94.60% of the companies in the same industry.
APPF has a Return On Invested Capital of 19.35%. This is amongst the best in the industry. APPF outperforms 94.24% of its industry peers.

		Industry Rank	Sector 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

1.3 Margins

Looking at the Profit Margin, with a value of 22.48%, APPF belongs to the top of the industry, outperforming 85.97% of the companies in the same industry.
In the last couple of years the Profit Margin of APPF has grown nicely.
With an excellent Operating Margin value of 14.60%, APPF belongs to the best of the industry, outperforming 80.94% of the companies in the same industry.
APPF's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 63.48%, APPF perfoms like the industry average, outperforming 41.01% 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 Rank	Sector 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%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

2. Health

2.1 Basic Checks

APPF has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
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 32.23 indicates that APPF is not in any danger for bankruptcy at the moment.
APPF has a better Altman-Z score (32.23) than 97.84% of its industry peers.
APPF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	0
Altman-Z	32.23

ROIC/WACC1.75

WACC11.08%

2.3 Liquidity

A Current Ratio of 3.01 indicates that APPF has no problem at all paying its short term obligations.
APPF's Current ratio of 3.01 is fine compared to the rest of the industry. APPF outperforms 75.18% of its industry peers.
A Quick Ratio of 3.01 indicates that APPF has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.01, APPF is in the better half of the industry, outperforming 75.54% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	3.01
Quick Ratio	3.01

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

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.
APPF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.52% yearly.

EPS 1Y (TTM)20.5%

EPS 3YN/A

EPS 5Y3.52%

EPS Q2Q%51.09%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

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 24.58% on average per year.
Based on estimates for the next years, APPF will show a quite strong growth in Revenue. The Revenue will grow by 18.13% on average per year.

EPS Next Y23.49%

EPS Next 2Y24.58%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year18.58%

Revenue Next 2Y18.13%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 35.89 indicates a quite expensive valuation of APPF.
The rest of the industry has a similar Price/Earnings ratio as APPF.
Compared to an average S&P500 Price/Earnings ratio of 28.32, APPF is valued a bit more expensive.
The Price/Forward Earnings ratio is 29.07, which means the current valuation is very expensive for APPF.
APPF's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 25.57. APPF is around the same levels.

		Industry Rank	Sector Rank
PE	35.89
Fwd PE	29.07

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than the industry average as 61.15% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, APPF is valued a bit cheaper than 64.75% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	32.76
EV/EBITDA	42.38

4.3 Compensation for Growth

APPF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 24.58% in the coming years.