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APPLIED DIGITAL CORP (APLD) Stock Fundamental Analysis

NASDAQ:APLD - Nasdaq - US0381692070 - Common Stock - Currency: USD

12.52  -0.62 (-4.72%)

After market: 12.43 -0.09 (-0.72%)

Fundamental Rating

1

Taking everything into account, APLD scores 1 out of 10 in our fundamental rating. APLD was compared to 82 industry peers in the IT Services industry. Both the profitability and financial health of APLD have multiple concerns. APLD has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

APLD had negative earnings in the past year.
APLD had a negative operating cash flow in the past year.
APLD had negative earnings in each of the past 5 years.
In multiple years APLD reported negative operating cash flow during the last 5 years.
APLD Yearly Net Income VS EBIT VS OCF VS FCFAPLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

APLD has a worse Return On Assets (-14.30%) than 78.05% of its industry peers.
With a Return On Equity value of -49.05%, APLD is not doing good in the industry: 74.39% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -14.3%
ROE -49.05%
ROIC N/A
ROA(3y)-18.69%
ROA(5y)N/A
ROE(3y)-75.72%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
APLD Yearly ROA, ROE, ROICAPLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

Looking at the Gross Margin, with a value of 5.58%, APLD is doing worse than 93.90% of the companies in the same industry.
APLD does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 5.58%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
APLD Yearly Profit, Operating, Gross MarginsAPLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -50 -100 -150 -200 -250

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2. Health

2.1 Basic Checks

APLD does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for APLD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
APLD Yearly Shares OutstandingAPLD Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
APLD Yearly Total Debt VS Total AssetsAPLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 1.00, we must say that APLD is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of APLD (1.00) is worse than 69.51% of its industry peers.
A Debt/Equity ratio of 1.43 is on the high side and indicates that APLD has dependencies on debt financing.
With a Debt to Equity ratio value of 1.43, APLD is not doing good in the industry: 74.39% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF N/A
Altman-Z 1
ROIC/WACCN/A
WACC9.68%
APLD Yearly LT Debt VS Equity VS FCFAPLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 50M -50M 100M -100M

2.3 Liquidity

A Current Ratio of 0.70 indicates that APLD may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.70, APLD is doing worse than 91.46% of the companies in the same industry.
APLD has a Quick Ratio of 0.70. This is a bad value and indicates that APLD is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.70, APLD is not doing good in the industry: 90.24% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.7
Quick Ratio 0.7
APLD Yearly Current Assets VS Current LiabilitesAPLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 100M 200M 300M

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3. Growth

3.1 Past

APLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.46%.
EPS 1Y (TTM)-13.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.01%

3.2 Future

Based on estimates for the next years, APLD will show a very strong growth in Earnings Per Share. The EPS will grow by 35.35% on average per year.
The Revenue is expected to grow by 54.40% on average over the next years. This is a very strong growth
EPS Next Y53.94%
EPS Next 2Y28.33%
EPS Next 3Y35.35%
EPS Next 5YN/A
Revenue Next Year8.96%
Revenue Next 2Y52.67%
Revenue Next 3Y54.4%
Revenue Next 5YN/A

3.3 Evolution

APLD Yearly Revenue VS EstimatesAPLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M
APLD Yearly EPS VS EstimatesAPLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 -1

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4. Valuation

4.1 Price/Earnings Ratio

APLD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year APLD is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
APLD Price Earnings VS Forward Price EarningsAPLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APLD indicates a slightly more expensive valuation: APLD is more expensive than 64.63% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 62.33
APLD Per share dataAPLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2 -3

4.3 Compensation for Growth

A more expensive valuation may be justified as APLD's earnings are expected to grow with 35.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.33%
EPS Next 3Y35.35%

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5. Dividend

5.1 Amount

No dividends for APLD!.
Industry RankSector Rank
Dividend Yield N/A

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APPLIED DIGITAL CORP

NASDAQ:APLD (8/1/2025, 8:20:45 PM)

After market: 12.43 -0.09 (-0.72%)

12.52

-0.62 (-4.72%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-07 2025-10-07/bmo
Inst Owners63.66%
Inst Owner Change0.14%
Ins Owners15.94%
Ins Owner Change-8.04%
Market Cap2.82B
Analysts80
Price Target14.9 (19.01%)
Short Float %37.56%
Short Ratio1.23
Dividend
Industry RankSector 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)0
Avg EPS beat(2)-172.97%
Min EPS beat(2)-331.37%
Max EPS beat(2)-14.56%
EPS beat(4)1
Avg EPS beat(4)-106.48%
Min EPS beat(4)-331.37%
Max EPS beat(4)48.79%
EPS beat(8)1
Avg EPS beat(8)-292.91%
EPS beat(12)3
Avg EPS beat(12)-216.17%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-9.71%
Min Revenue beat(2)-18.2%
Max Revenue beat(2)-1.23%
Revenue beat(4)2
Avg Revenue beat(4)0.75%
Min Revenue beat(4)-18.2%
Max Revenue beat(4)13.92%
Revenue beat(8)3
Avg Revenue beat(8)-6.95%
Revenue beat(12)5
Avg Revenue beat(12)-5.83%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)45.3%
EPS NQ rev (1m)-2.58%
EPS NQ rev (3m)-13.66%
EPS NY rev (1m)-9.48%
EPS NY rev (3m)-22.02%
Revenue NQ rev (1m)-4.08%
Revenue NQ rev (3m)4.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.25%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 12.74
P/FCF N/A
P/OCF N/A
P/B 5.66
P/tB 5.66
EV/EBITDA 62.33
EPS(TTM)-1.18
EYN/A
EPS(NY)-0.54
Fwd EYN/A
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)-0.69
OCFYN/A
SpS0.98
BVpS2.21
TBVpS2.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -14.3%
ROE -49.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 5.58%
FCFM N/A
ROA(3y)-18.69%
ROA(5y)N/A
ROE(3y)-75.72%
ROE(5y)N/A
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 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF N/A
Debt/EBITDA 11.82
Cap/Depr 368.6%
Cap/Sales 243.3%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.7
Quick Ratio 0.7
Altman-Z 1
F-Score2
WACC9.68%
ROIC/WACCN/A
Cap/Depr(3y)2572.19%
Cap/Depr(5y)N/A
Cap/Sales(3y)333.11%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
EPS Next Y53.94%
EPS Next 2Y28.33%
EPS Next 3Y35.35%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.01%
Revenue Next Year8.96%
Revenue Next 2Y52.67%
Revenue Next 3Y54.4%
Revenue Next 5YN/A
EBIT growth 1Y-60.24%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year164.31%
EBIT Next 3Y56.86%
EBIT Next 5Y60.95%
FCF growth 1Y-799.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-418.84%
OCF growth 3YN/A
OCF growth 5YN/A