APPFOLIO INC - A (APPF)
US03783C1009 - Common Stock
Overall APPF gets a fundamental rating of 7 out of 10. We evaluated APPF against 280 industry peers in the Software industry. APPF is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. APPF is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make APPF a good candidate for growth 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.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 25.15%, APPF belongs to the top of the industry, outperforming 97.49% of the companies in the same industry.
Looking at the Return On Equity, with a value of 31.88%, APPF belongs to the top of the industry, outperforming 92.11% of the companies in the same industry.
APPF's Return On Invested Capital of 24.96% is amongst the best of the industry. APPF outperforms 95.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25.15% | ||
| ROE | 31.88% | ||
| ROIC | 24.96% |
ROA(3y)-5.65%
ROA(5y)7.53%
ROE(3y)-8.13%
ROE(5y)11.7%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
APPF has a Profit Margin of 17.26%. This is amongst the best in the industry. APPF outperforms 84.59% of its industry peers.
In the last couple of years the Profit Margin of APPF has declined.
APPF's Operating Margin of 19.05% is amongst the best of the industry. APPF outperforms 86.02% of its industry peers.
In the last couple of years the Operating Margin of APPF has declined.
APPF has a Gross Margin (64.96%) 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 | 19.05% | ||
| PM (TTM) | 17.26% | ||
| GM | 64.96% |
OM growth 3Y-35.49%
OM growth 5Y-39.38%
PM growth 3Y-79.57%
PM growth 5Y-47.11%
GM growth 3Y0.02%
GM growth 5Y0.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APPF is creating value.
The number of shares outstanding for APPF has been increased compared to 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
An Altman-Z score of 53.49 indicates that APPF is not in any danger for bankruptcy at the moment.
APPF has a Altman-Z score of 53.49. This is amongst the best in the industry. APPF outperforms 97.85% of its industry peers.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 53.49 |
ROIC/WACC2.11
WACC11.83%
2.3 Liquidity
A Current Ratio of 6.20 indicates that APPF has no problem at all paying its short term obligations.
With an excellent Current ratio value of 6.20, APPF belongs to the best of the industry, outperforming 91.40% of the companies in the same industry.
A Quick Ratio of 6.20 indicates that APPF has no problem at all paying its short term obligations.
APPF has a better Quick ratio (6.20) than 91.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.2 | ||
| Quick Ratio | 6.2 |
3. Growth
3.1 Past
APPF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 464.94%, which is quite impressive.
Measured over the past years, APPF shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.58% on average per year.
The Revenue has grown by 33.12% in the past year. This is a very strong growth!
The Revenue has been growing by 26.69% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)464.94%
EPS 3Y-27.44%
EPS 5Y21.58%
EPS Q2Q%115%
Revenue 1Y (TTM)33.12%
Revenue growth 3Y26.01%
Revenue growth 5Y26.69%
Sales Q2Q%24.36%
3.2 Future
APPF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 59.90% yearly.
The Revenue is expected to grow by 13.28% on average over the next years. This is quite good.
EPS Next Y163.66%
EPS Next 2Y81.44%
EPS Next 3Y59.9%
EPS Next 5YN/A
Revenue Next Year29.15%
Revenue Next 2Y23.32%
Revenue Next 3Y21.16%
Revenue Next 5Y13.28%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
The Price/Earnings ratio is 58.09, which means the current valuation is very expensive for APPF.
The rest of the industry has a similar Price/Earnings ratio as APPF.
The average S&P500 Price/Earnings ratio is at 27.54. APPF is valued rather expensively when compared to this.
APPF is valuated quite expensively with a Price/Forward Earnings ratio of 45.15.
The rest of the industry has a similar Price/Forward Earnings ratio as APPF.
APPF is valuated expensively when we compare the Price/Forward Earnings ratio to 23.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.09 | ||
| Fwd PE | 45.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than 67.74% of the companies in the same industry.
APPF's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APPF is cheaper than 62.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.27 | ||
| EV/EBITDA | 52.18 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent 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 59.90% in the coming years.
PEG (NY)0.35
PEG (5Y)2.69
EPS Next 2Y81.44%
EPS Next 3Y59.9%
5. Dividend
5.1 Amount
No dividends for APPF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
APPFOLIO INC - A
NASDAQ:APPF (12/24/2024, 7:55:45 PM)
252.67
+3.62 (+1.45%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners86.06%
Inst Owner Change0.13%
Ins Owners2.5%
Ins Owner Change-3.98%
Market Cap9.18B
Analysts81.54
Price Target266.22 (5.36%)
Short Float %2.39%
Short Ratio2.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.59%
Min EPS beat(2)14.72%
Max EPS beat(2)22.46%
EPS beat(4)4
Avg EPS beat(4)18.21%
Min EPS beat(4)14.72%
Max EPS beat(4)22.46%
EPS beat(8)8
Avg EPS beat(8)43.47%
EPS beat(12)10
Avg EPS beat(12)-152.63%
EPS beat(16)10
Avg EPS beat(16)-135.62%
Revenue beat(2)2
Avg Revenue beat(2)1.42%
Min Revenue beat(2)1.3%
Max Revenue beat(2)1.54%
Revenue beat(4)4
Avg Revenue beat(4)2.3%
Min Revenue beat(4)1.3%
Max Revenue beat(4)3.53%
Revenue beat(8)8
Avg Revenue beat(8)2.25%
Revenue beat(12)11
Avg Revenue beat(12)1.87%
Revenue beat(16)12
Avg Revenue beat(16)0.91%
PT rev (1m)-5.98%
PT rev (3m)-9.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.67%
EPS NY rev (1m)0%
EPS NY rev (3m)5.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.72%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)1.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.09 | ||
| Fwd PE | 45.15 | ||
| P/S | 12.04 | ||
| P/FCF | 53.27 | ||
| P/OCF | 50.22 | ||
| P/B | 22.24 | ||
| P/tB | 26.96 | ||
| EV/EBITDA | 52.18 |
EPS(TTM)4.35
EY1.72%
EPS(NY)5.6
Fwd EY2.21%
FCF(TTM)4.74
FCFY1.88%
OCF(TTM)5.03
OCFY1.99%
SpS20.98
BVpS11.36
TBVpS9.37
PEG (NY)0.35
PEG (5Y)2.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25.15% | ||
| ROE | 31.88% | ||
| ROCE | 31.6% | ||
| ROIC | 24.96% | ||
| ROICexc | 89.47% | ||
| ROICexgc | 205.45% | ||
| OM | 19.05% | ||
| PM (TTM) | 17.26% | ||
| GM | 64.96% | ||
| FCFM | 22.6% |
ROA(3y)-5.65%
ROA(5y)7.53%
ROE(3y)-8.13%
ROE(5y)11.7%
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 3Y-10.56%
ROICexcg growth 5Y-39.08%
ROICexc growth 3Y-10.32%
ROICexc growth 5Y-34.66%
OM growth 3Y-35.49%
OM growth 5Y-39.38%
PM growth 3Y-79.57%
PM growth 5Y-47.11%
GM growth 3Y0.02%
GM growth 5Y0.11%
F-Score7
Asset Turnover1.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 54.57% | ||
| Cap/Sales | 1.37% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 111.17% | ||
| Profit Quality | 130.93% | ||
| Current Ratio | 6.2 | ||
| Quick Ratio | 6.2 | ||
| Altman-Z | 53.49 |
F-Score7
WACC11.83%
ROIC/WACC2.11
Cap/Depr(3y)77.97%
Cap/Depr(5y)106.4%
Cap/Sales(3y)5.28%
Cap/Sales(5y)8.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)464.94%
EPS 3Y-27.44%
EPS 5Y21.58%
EPS Q2Q%115%
EPS Next Y163.66%
EPS Next 2Y81.44%
EPS Next 3Y59.9%
EPS Next 5YN/A
Revenue 1Y (TTM)33.12%
Revenue growth 3Y26.01%
Revenue growth 5Y26.69%
Sales Q2Q%24.36%
Revenue Next Year29.15%
Revenue Next 2Y23.32%
Revenue Next 3Y21.16%
Revenue Next 5Y13.28%
EBIT growth 1Y424.89%
EBIT growth 3Y-18.72%
EBIT growth 5Y-23.2%
EBIT Next Year236.17%
EBIT Next 3Y71.44%
EBIT Next 5YN/A
FCF growth 1Y6143.01%
FCF growth 3Y143.37%
FCF growth 5Y16.25%
OCF growth 1Y547.91%
OCF growth 3Y7.67%
OCF growth 5Y10.7%