APPFOLIO INC - A (APPF) Stock Fundamental Analysis
USA - NASDAQ:APPF - US03783C1009 - Common Stock
254.96 USD
+3.16 (+1.25%)
255 USD
+0.04 (+0.02%)
APPF gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 281 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 shows excellent growth, but is valued quite expensive already. With these ratings, APPF could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year APPF was profitable.
In the past year APPF had a positive cash flow from operations.
Of the past 5 years APPF 4 years were profitable.
In the past 5 years APPF always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of APPF (31.81%) is better than 98.22% of its industry peers.
Looking at the Return On Equity, with a value of 40.84%, APPF belongs to the top of the industry, outperforming 94.66% of the companies in the same industry.
The Return On Invested Capital of APPF (19.35%) is better than 93.59% 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
APPF's Profit Margin of 22.48% is amongst the best of the industry. APPF outperforms 87.19% of its industry peers.
APPF's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 14.60%, APPF belongs to the best of the industry, outperforming 80.78% of the companies in the same industry.
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.
APPF's Gross Margin has been stable in the last couple of years.
| 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.
APPF has more shares outstanding than it did 1 year ago.
APPF has more shares outstanding than it did 5 years ago.
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
APPF has an Altman-Z score of 41.58. This indicates that APPF is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of APPF (41.58) is better than 96.80% 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 | 41.58 |
ROIC/WACC1.77
WACC10.94%
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.
The Current ratio of APPF (3.01) is better than 77.22% of its industry peers.
APPF has a Quick Ratio of 3.01. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
APPF has a Quick ratio of 3.01. This is in the better half of the industry: APPF outperforms 77.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.01 | ||
| Quick Ratio | 3.01 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.80% over the past year.
The Earnings Per Share has been growing by 59.90% on average over the past years. This is a very strong growth
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
The Earnings Per Share is expected to grow by 23.70% 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 18.72% on average per year.
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 52.90.
APPF's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.28. APPF is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 41.53, the valuation of APPF can be described as expensive.
APPF's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of APPF to the average of the S&P500 Index (33.61), we can say APPF is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.9 | ||
| Fwd PE | 41.53 |
4.2 Price Multiples
APPF's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. APPF is cheaper than 61.92% of the companies in the same industry.
62.63% of the companies in the same industry are more expensive than APPF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.91 | ||
| EV/EBITDA | 56.78 |
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.
The decent profitability rating of APPF 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)2.56
PEG (5Y)0.88
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 |
254.96
+3.16 (+1.25%)
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 Cap9.14B
Revenue(TTM)906.29M
Net Income(TTM)203.74M
Analysts83.08
Price Target332.82 (30.54%)
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 | 52.9 | ||
| Fwd PE | 41.53 | ||
| P/S | 10.09 | ||
| P/FCF | 43.91 | ||
| P/OCF | 42.78 | ||
| P/B | 18.32 | ||
| P/tB | 26.16 | ||
| EV/EBITDA | 56.78 |
EPS(TTM)4.82
EY1.89%
EPS(NY)6.14
Fwd EY2.41%
FCF(TTM)5.81
FCFY2.28%
OCF(TTM)5.96
OCFY2.34%
SpS25.28
BVpS13.92
TBVpS9.75
PEG (NY)2.56
PEG (5Y)0.88
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 | 41.58 |
F-Score6
WACC10.94%
ROIC/WACC1.77
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 6 / 10 to APPF.
Can you provide the valuation status for APPFOLIO INC - A?
ChartMill assigns a valuation rating of 3 / 10 to APPFOLIO INC - A (APPF). This can be considered as Overvalued.
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.