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 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 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.
  • APPF had a positive operating cash flow in each of the past 5 years.
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.
  • APPF's Return On Equity of 25.97% is amongst the best of the industry. APPF outperforms 91.37% of its industry peers.
  • APPF's Return On Invested Capital of 22.98% is amongst the best of the industry. APPF outperforms 94.96% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for APPF is above the industry average of 10.78%.
  • The last Return On Invested Capital (22.98%) for APPF is above the 3 year average (15.13%), which is a sign of increasing profitability.
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

  • With a decent Profit Margin value of 14.82%, APPF is doing good in the industry, outperforming 77.70% of the companies in the same industry.
  • APPF's Profit Margin has declined in the last couple of years.
  • APPF's Operating Margin of 16.08% is amongst the best of the industry. APPF outperforms 83.09% of its industry peers.
  • In the last couple of years the Operating Margin of APPF has grown nicely.
  • With a Gross Margin value of 63.68%, APPF perfoms like the industry average, outperforming 41.37% 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 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.
  • The number of shares outstanding for APPF has been reduced compared to 1 year ago.
  • 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.
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

  • 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 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.
  • Looking at the Current ratio, with a value of 3.31, APPF is in the better half of the industry, outperforming 76.98% of the companies in the same industry.
  • A Quick Ratio of 3.31 indicates that APPF has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 3.31, APPF is doing good in the industry, outperforming 76.98% of the companies in the same industry.
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

  • The Earnings Per Share has grown by an impressive 20.50% over the past year.
  • The Earnings Per Share has been growing slightly by 3.52% on average over the past years.
  • The Revenue has grown by 19.72% in the past year. This is quite good.
  • APPF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.12% yearly.
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

  • APPF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.75% yearly.
  • 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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 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.
  • APPF's Price/Earnings ratio is in line with the industry average.
  • APPF's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.92.
  • With a Price/Forward Earnings ratio of 27.00, APPF can be considered very expensive at the moment.
  • APPF's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, 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 61.51% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, APPF is valued a bit cheaper than 66.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.41
EV/EBITDA 34.03
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

  • APPF's 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-0.67%
Ins Owners2.47%
Ins Owner Change-0.5%
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)0%
PT rev (3m)-5.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.65%
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 34.03
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.