APPFOLIO INC - A (APPF) Stock Fundamental Analysis
USA - NASDAQ:APPF - US03783C1009 - Common Stock
247.96 USD
+1.46 (+0.59%)
247.96 USD
0 (0%)
Overall APPF gets a fundamental rating of 7 out of 10. We evaluated APPF against 281 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 priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make APPF a good candidate for growth and quality 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.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 31.81%, APPF belongs to the top of the industry, outperforming 98.22% of the companies in the same industry.
Looking at the Return On Equity, with a value of 40.84%, APPF belongs to the top of the industry, outperforming 95.02% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 19.35%, APPF belongs to the top of the industry, outperforming 93.59% of the companies in the same industry.
| 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
The Profit Margin of APPF (22.48%) is better than 87.19% 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 81.14% of its industry peers.
In the last couple of years the Operating Margin of APPF has grown nicely.
APPF has a Gross Margin (63.48%) which is in line with its industry peers.
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%
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.
The number of shares outstanding for APPF has been increased compared to 1 year ago.
The number of shares outstanding for APPF has been increased compared to 5 years ago.
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.
2.2 Solvency
An Altman-Z score of 41.00 indicates that APPF is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 41.00, APPF belongs to the top of the industry, outperforming 96.80% of the companies in the same industry.
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 | 41 |
ROIC/WACC1.76
WACC10.97%
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.
With a decent Current ratio value of 3.01, APPF is doing good in the industry, outperforming 77.22% of the companies in the same industry.
A Quick Ratio of 3.01 indicates that APPF has no problem at all paying its short term obligations.
APPF has a better Quick ratio (3.01) than 77.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.01 | ||
| Quick Ratio | 3.01 |
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.
Measured over the past years, APPF shows a very strong growth in Earnings Per Share. The EPS has been growing by 59.90% on average per year.
APPF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.88%.
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
Based on estimates for the next years, APPF will show a very strong growth in Earnings Per Share. The EPS will grow by 23.70% on average per year.
The Revenue is expected to grow by 18.72% on average over the next years. This is quite good.
EPS Next Y20.68%
EPS Next 2Y18.26%
EPS Next 3Y23.7%
EPS Next 5YN/A
Revenue Next Year20.06%
Revenue Next 2Y19.22%
Revenue Next 3Y18.72%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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.
4. Valuation
4.1 Price/Earnings Ratio
APPF is valuated quite expensively with a Price/Earnings ratio of 51.44.
The rest of the industry has a similar Price/Earnings ratio as APPF.
When comparing the Price/Earnings ratio of APPF to the average of the S&P500 Index (25.89), we can say APPF is valued expensively.
A Price/Forward Earnings ratio of 40.39 indicates a quite expensive valuation of APPF.
APPF's Price/Forward Earnings ratio is in line with the industry average.
APPF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.44 | ||
| Fwd PE | 40.39 |
4.2 Price Multiples
61.57% of the companies in the same industry are more expensive than APPF, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APPF indicates a somewhat cheap valuation: APPF is cheaper than 62.28% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.7 | ||
| EV/EBITDA | 55.88 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates APPF does not grow enough to justify the current Price/Earnings ratio.
APPF has a very decent profitability rating, which may justify a higher PE ratio.
APPF's earnings are expected to grow with 23.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.49
PEG (5Y)0.86
EPS Next 2Y18.26%
EPS Next 3Y23.7%
5. Dividend
5.1 Amount
No dividends for APPF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
247.96
+1.46 (+0.59%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners90.33%
Inst Owner Change-0.33%
Ins Owners2.32%
Ins Owner Change0.34%
Market Cap8.89B
Revenue(TTM)906.29M
Net Income(TTM)203.74M
Analysts83.08
Price Target332.82 (34.22%)
Short Float %4.79%
Short Ratio4.08
Dividend
| Industry Rank | Sector 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)-3.07%
PT rev (3m)10.45%
EPS NQ rev (1m)-5.5%
EPS NQ rev (3m)-5.5%
EPS NY rev (1m)-3.27%
EPS NY rev (3m)1.08%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)1.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.44 | ||
| Fwd PE | 40.39 | ||
| P/S | 9.81 | ||
| P/FCF | 42.7 | ||
| P/OCF | 41.6 | ||
| P/B | 17.82 | ||
| P/tB | 25.44 | ||
| EV/EBITDA | 55.88 |
EPS(TTM)4.82
EY1.94%
EPS(NY)6.14
Fwd EY2.48%
FCF(TTM)5.81
FCFY2.34%
OCF(TTM)5.96
OCFY2.4%
SpS25.28
BVpS13.92
TBVpS9.75
PEG (NY)2.49
PEG (5Y)0.86
Graham Number38.85
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 41 |
F-Score6
WACC10.97%
ROIC/WACC1.76
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 Y20.68%
EPS Next 2Y18.26%
EPS Next 3Y23.7%
EPS Next 5YN/A
Revenue 1Y (TTM)18.88%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%21.2%
Revenue Next Year20.06%
Revenue Next 2Y19.22%
Revenue Next 3Y18.72%
Revenue Next 5YN/A
EBIT growth 1Y-8.9%
EBIT growth 3YN/A
EBIT growth 5Y77.49%
EBIT Next Year30.27%
EBIT Next 3Y25.71%
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 7 / 10 to APPF.
Can you provide the valuation status for APPFOLIO INC - A?
ChartMill assigns a valuation rating of 4 / 10 to APPFOLIO INC - A (APPF). This can be considered as Fairly Valued.
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 20.68% in the next year.