APPLIED DIGITAL CORP (APLD) Fundamental Analysis & Valuation

NASDAQ:APLD • US0381692070

28.22 USD
+0.82 (+2.99%)
Last: Mar 11, 2026, 02:15 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This APLD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to APLD. APLD was compared to 87 industry peers in the IT Services industry. Both the profitability and financial health of APLD have multiple concerns. APLD is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

1

1. APLD Profitability Analysis

1.1 Basic Checks

  • In the past year APLD has reported negative net income.
  • APLD had a negative operating cash flow in the past year.
  • In the past 5 years APLD always reported negative net income.
  • The reported operating cash flow has been mixed in the past 5 years: APLD reported negative operating cash flow in multiple 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 2025 0 -200M -400M -600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -2.44%, APLD is in line with its industry, outperforming 43.68% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -8.21%, APLD is in line with its industry, outperforming 44.83% of the companies in the same industry.
Industry RankSector Rank
ROA -2.44%
ROE -8.21%
ROIC N/A
ROA(3y)-16.33%
ROA(5y)-14.47%
ROE(3y)-77.16%
ROE(5y)-53.71%
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 2025 0 -20 -40 -60 -80 -100

1.3 Margins

  • With a decent Gross Margin value of 40.84%, APLD is doing good in the industry, outperforming 64.37% of the companies in the same industry.
  • The Profit Margin and Operating Margin are not available for APLD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 40.84%
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 2025 0 -100 -200

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. APLD Health Analysis

2.1 Basic Checks

  • APLD does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for APLD has been increased compared to 1 year ago.
  • APLD has more shares outstanding than it did 5 years ago.
  • APLD has a worse debt/assets ratio than last year.
APLD Yearly Shares OutstandingAPLD Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
APLD Yearly Total Debt VS Total AssetsAPLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • APLD has an Altman-Z score of 1.62. This is a bad value and indicates that APLD is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.62, APLD perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
  • APLD has a Debt/Equity ratio of 1.67. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of APLD (1.67) is worse than 72.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Altman-Z 1.62
ROIC/WACCN/A
WACC9.06%
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 2025 0 500M -500M

2.3 Liquidity

  • A Current Ratio of 4.82 indicates that APLD has no problem at all paying its short term obligations.
  • APLD's Current ratio of 4.82 is amongst the best of the industry. APLD outperforms 89.66% of its industry peers.
  • A Quick Ratio of 4.82 indicates that APLD has no problem at all paying its short term obligations.
  • The Quick ratio of APLD (4.82) is better than 89.66% of its industry peers.
Industry RankSector Rank
Current Ratio 4.82
Quick Ratio 4.82
APLD Yearly Current Assets VS Current LiabilitesAPLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. APLD Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 65.45% over the past year.
  • Looking at the last year, APLD shows a very strong growth in Revenue. The Revenue has grown by 88.79%.
  • APLD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 156.45% yearly.
EPS 1Y (TTM)65.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%80.3%
Revenue 1Y (TTM)88.79%
Revenue growth 3Y156.45%
Revenue growth 5YN/A
Sales Q2Q%98.2%

3.2 Future

  • The Earnings Per Share is expected to grow by 23.13% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 85.52% on average over the next years. This is a very strong growth
EPS Next Y58.88%
EPS Next 2Y18.39%
EPS Next 3Y23.13%
EPS Next 5YN/A
Revenue Next Year57.61%
Revenue Next 2Y58.93%
Revenue Next 3Y74.91%
Revenue Next 5Y85.52%

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
APLD Yearly Revenue VS EstimatesAPLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
APLD Yearly EPS VS EstimatesAPLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 -0.2 -0.4 -0.6 -0.8 -1

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Find the best growth stocksShow best growing peers

1

4. APLD Valuation Analysis

4.1 Price/Earnings Ratio

  • APLD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for APLD. No positive earnings are expected for the next year.
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

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
APLD Per share dataAPLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4

4.3 Compensation for Growth

  • APLD's earnings are expected to grow with 23.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.39%
EPS Next 3Y23.13%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. APLD Dividend Analysis

5.1 Amount

  • No dividends for APLD!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

APLD Fundamentals: All Metrics, Ratios and Statistics

APPLIED DIGITAL CORP

NASDAQ:APLD (3/11/2026, 2:15:10 PM)

28.22

+0.82 (+2.99%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)01-07
Earnings (Next)04-13
Inst Owners66.17%
Inst Owner Change-4.69%
Ins Owners12.52%
Ins Owner Change23.6%
Market Cap7.89B
Revenue(TTM)243.73M
Net Income(TTM)-127.62M
Analysts83.16
Price Target49.95 (77%)
Short Float %34.28%
Short Ratio2.6
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DP-3.99%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)21.01%
Min EPS beat(2)-6.21%
Max EPS beat(2)48.23%
EPS beat(4)1
Avg EPS beat(4)-8.02%
Min EPS beat(4)-59.52%
Max EPS beat(4)48.23%
EPS beat(8)2
Avg EPS beat(8)-83.9%
EPS beat(12)2
Avg EPS beat(12)-200.65%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)33.52%
Min Revenue beat(2)25.99%
Max Revenue beat(2)41.04%
Revenue beat(4)3
Avg Revenue beat(4)12.39%
Min Revenue beat(4)-18.2%
Max Revenue beat(4)41.04%
Revenue beat(8)5
Avg Revenue beat(8)6.57%
Revenue beat(12)6
Avg Revenue beat(12)-0.61%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)13.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.32%
EPS NY rev (1m)0%
EPS NY rev (3m)-24.25%
Revenue NQ rev (1m)-1.36%
Revenue NQ rev (3m)6.16%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)12.12%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 32.37
P/FCF N/A
P/OCF N/A
P/B 5.07
P/tB 5.07
EV/EBITDA N/A
EPS(TTM)-0.57
EYN/A
EPS(NY)-0.71
Fwd EYN/A
FCF(TTM)-4.8
FCFYN/A
OCF(TTM)-0.3
OCFYN/A
SpS0.87
BVpS5.56
TBVpS5.56
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.44%
ROE -8.21%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 40.84%
FCFM N/A
ROA(3y)-16.33%
ROA(5y)-14.47%
ROE(3y)-77.16%
ROE(5y)-53.71%
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 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-Score4
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.67
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 2518.37%
Cap/Sales 515.84%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.82
Quick Ratio 4.82
Altman-Z 1.62
F-Score4
WACC9.06%
ROIC/WACCN/A
Cap/Depr(3y)881.97%
Cap/Depr(5y)2083.81%
Cap/Sales(3y)269.63%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%80.3%
EPS Next Y58.88%
EPS Next 2Y18.39%
EPS Next 3Y23.13%
EPS Next 5YN/A
Revenue 1Y (TTM)88.79%
Revenue growth 3Y156.45%
Revenue growth 5YN/A
Sales Q2Q%98.2%
Revenue Next Year57.61%
Revenue Next 2Y58.93%
Revenue Next 3Y74.91%
Revenue Next 5Y85.52%
EBIT growth 1Y-335.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year249.24%
EBIT Next 3Y171.09%
EBIT Next 5Y143.62%
FCF growth 1Y-1983.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-313.79%
OCF growth 3YN/A
OCF growth 5YN/A

APPLIED DIGITAL CORP / APLD FAQ

What is the ChartMill fundamental rating of APPLIED DIGITAL CORP (APLD) stock?

ChartMill assigns a fundamental rating of 3 / 10 to APLD.


Can you provide the valuation status for APPLIED DIGITAL CORP?

ChartMill assigns a valuation rating of 1 / 10 to APPLIED DIGITAL CORP (APLD). This can be considered as Overvalued.


How profitable is APPLIED DIGITAL CORP (APLD) stock?

APPLIED DIGITAL CORP (APLD) has a profitability rating of 1 / 10.


What is the expected EPS growth for APPLIED DIGITAL CORP (APLD) stock?

The Earnings per Share (EPS) of APPLIED DIGITAL CORP (APLD) is expected to grow by 58.88% in the next year.


Is the dividend of APPLIED DIGITAL CORP sustainable?

The dividend rating of APPLIED DIGITAL CORP (APLD) is 0 / 10 and the dividend payout ratio is -3.99%.