APPFOLIO INC - A (APPF) Stock Fundamental Analysis
USA - NASDAQ:APPF - US03783C1009 - Common Stock
276.75 USD
+0.49 (+0.18%)
276.75 USD
0 (0%)
Overall APPF gets a fundamental rating of 6 out of 10. We evaluated APPF against 280 industry peers in the Software industry. APPF has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 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
APPF had positive earnings in the past year.
APPF had a positive operating cash flow in the past year.
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
APPF's Return On Assets of 35.79% is amongst the best of the industry. APPF outperforms 98.57% of its industry peers.
The Return On Equity of APPF (44.57%) is better than 95.36% of its industry peers.
Looking at the Return On Invested Capital, with a value of 22.10%, APPF belongs to the top of the industry, outperforming 94.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 35.79% | ||
| ROE | 44.57% | ||
| ROIC | 22.1% |
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
With an excellent Profit Margin value of 23.54%, APPF belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
In the last couple of years the Profit Margin of APPF has grown nicely.
The Operating Margin of APPF (16.21%) is better than 82.14% of its industry peers.
APPF's Operating Margin has improved in the last couple of years.
The Gross Margin of APPF (63.93%) is comparable to the rest of the industry.
APPF's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.21% | ||
| PM (TTM) | 23.54% | ||
| GM | 63.93% |
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 well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, APPF has more shares outstanding
The number of shares outstanding for APPF has been increased compared to 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 56.66. This indicates that APPF is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 56.66, APPF belongs to the top of the industry, outperforming 97.50% 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 | 56.66 |
ROIC/WACC2.01
WACC11%
2.3 Liquidity
A Current Ratio of 2.92 indicates that APPF has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.92, APPF is doing good in the industry, outperforming 77.50% of the companies in the same industry.
A Quick Ratio of 2.92 indicates that APPF has no problem at all paying its short term obligations.
APPF's Quick ratio of 2.92 is fine compared to the rest of the industry. APPF outperforms 78.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.92 | ||
| Quick Ratio | 2.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 31.15% over the past year.
APPF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 59.90% yearly.
Looking at the last year, APPF shows a quite strong growth in Revenue. The Revenue has grown by 19.48% in the last year.
APPF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.41% yearly.
EPS 1Y (TTM)31.15%
EPS 3Y426.96%
EPS 5Y59.9%
EPS Q2Q%23.21%
Revenue 1Y (TTM)19.48%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%19.35%
3.2 Future
APPF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.94% yearly.
Based on estimates for the next years, APPF will show a quite strong growth in Revenue. The Revenue will grow by 18.25% on average per year.
EPS Next Y24.76%
EPS Next 2Y21.45%
EPS Next 3Y23.94%
EPS Next 5YN/A
Revenue Next Year19.38%
Revenue Next 2Y18.49%
Revenue Next 3Y18.25%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 57.66, APPF can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of APPF is on the same level as its industry peers.
APPF's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.20.
The Price/Forward Earnings ratio is 42.74, which means the current valuation is very expensive for APPF.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APPF is on the same level as its industry peers.
APPF is valuated expensively when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.66 | ||
| Fwd PE | 42.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than 61.43% of the companies in the same industry.
APPF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.04 | ||
| EV/EBITDA | 59.33 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of APPF may justify a higher PE ratio.
APPF's earnings are expected to grow with 23.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.33
PEG (5Y)0.96
EPS Next 2Y21.45%
EPS Next 3Y23.94%
5. Dividend
5.1 Amount
No dividends for APPF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
276.75
+0.49 (+0.18%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners89.43%
Inst Owner Change0.87%
Ins Owners3.43%
Ins Owner Change-0.9%
Market Cap9.92B
Analysts78.46
Price Target311.79 (12.66%)
Short Float %5.05%
Short Ratio3.46
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)1.15%
Min EPS beat(2)-3.12%
Max EPS beat(2)5.42%
EPS beat(4)2
Avg EPS beat(4)5.13%
Min EPS beat(4)-4.25%
Max EPS beat(4)22.46%
EPS beat(8)6
Avg EPS beat(8)14.15%
EPS beat(12)10
Avg EPS beat(12)44.8%
EPS beat(16)11
Avg EPS beat(16)-120.84%
Revenue beat(2)0
Avg Revenue beat(2)-1.66%
Min Revenue beat(2)-3.17%
Max Revenue beat(2)-0.15%
Revenue beat(4)1
Avg Revenue beat(4)-0.54%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.3%
Revenue beat(8)5
Avg Revenue beat(8)1.11%
Revenue beat(12)9
Avg Revenue beat(12)1.4%
Revenue beat(16)12
Avg Revenue beat(16)1.21%
PT rev (1m)3.47%
PT rev (3m)30.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.95%
EPS NY rev (1m)4.5%
EPS NY rev (3m)3.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.33%
Revenue NY rev (1m)1.33%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.66 | ||
| Fwd PE | 42.74 | ||
| P/S | 11.5 | ||
| P/FCF | 55.04 | ||
| P/OCF | 53.5 | ||
| P/B | 21.77 | ||
| P/tB | 32.76 | ||
| EV/EBITDA | 59.33 |
EPS(TTM)4.8
EY1.73%
EPS(NY)6.48
Fwd EY2.34%
FCF(TTM)5.03
FCFY1.82%
OCF(TTM)5.17
OCFY1.87%
SpS24.06
BVpS12.71
TBVpS8.45
PEG (NY)2.33
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 35.79% | ||
| ROE | 44.57% | ||
| ROCE | 27.97% | ||
| ROIC | 22.1% | ||
| ROICexc | 29.67% | ||
| ROICexgc | 50.33% | ||
| OM | 16.21% | ||
| PM (TTM) | 23.54% | ||
| GM | 63.93% | ||
| FCFM | 20.9% |
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover1.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 21.55% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 113.17% | ||
| Profit Quality | 88.76% | ||
| Current Ratio | 2.92 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 56.66 |
F-Score6
WACC11%
ROIC/WACC2.01
Cap/Depr(3y)51.19%
Cap/Depr(5y)86.91%
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)31.15%
EPS 3Y426.96%
EPS 5Y59.9%
EPS Q2Q%23.21%
EPS Next Y24.76%
EPS Next 2Y21.45%
EPS Next 3Y23.94%
EPS Next 5YN/A
Revenue 1Y (TTM)19.48%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%19.35%
Revenue Next Year19.38%
Revenue Next 2Y18.49%
Revenue Next 3Y18.25%
Revenue Next 5YN/A
EBIT growth 1Y36.33%
EBIT growth 3YN/A
EBIT growth 5Y77.49%
EBIT Next Year30.27%
EBIT Next 3Y21.34%
EBIT Next 5YN/A
FCF growth 1Y15307%
FCF growth 3Y307.73%
FCF growth 5Y79.14%
OCF growth 1Y1185.13%
OCF growth 3Y74.53%
OCF growth 5Y37.07%