APPFOLIO INC - A (APPF)
US03783C1009 - Common Stock
Taking everything into account, APPF scores 6 out of 10 in our fundamental rating. APPF was compared to 276 industry peers in the Software industry. APPF has an excellent financial health rating, but there are some minor concerns on its profitability. APPF is growing strongly while it is still valued neutral. This is a good combination! With these ratings, APPF could be worth investigating further for growth 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.
Each year in the past 5 years APPF had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 17.42%, APPF belongs to the top of the industry, outperforming 96.72% of the companies in the same industry.
APPF has a better Return On Equity (22.53%) than 92.34% of its industry peers.
APPF has a better Return On Invested Capital (12.70%) than 91.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.42% | ||
| ROE | 22.53% | ||
| ROIC | 12.7% |
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
Looking at the Profit Margin, with a value of 11.38%, APPF belongs to the top of the industry, outperforming 83.21% of the companies in the same industry.
In the last couple of years the Profit Margin of APPF has declined.
The Operating Margin of APPF (9.16%) is better than 80.29% of its industry peers.
APPF's Operating Margin has declined in the last couple of years.
APPF has a Gross Margin (63.30%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of APPF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.16% | ||
| PM (TTM) | 11.38% | ||
| GM | 63.3% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APPF is still creating some value.
Compared to 1 year ago, APPF has more shares outstanding
Compared to 5 years ago, APPF has more shares outstanding
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.
2.2 Solvency
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 | N/A |
ROIC/WACC1.28
WACC9.89%
2.3 Liquidity
APPF has a Current Ratio of 5.47. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 5.47, APPF belongs to the best of the industry, outperforming 89.78% of the companies in the same industry.
A Quick Ratio of 5.47 indicates that APPF has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 5.47, APPF belongs to the best of the industry, outperforming 89.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.47 | ||
| Quick Ratio | 5.47 |
3. Growth
3.1 Past
APPF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 3350.00%, which is quite impressive.
APPF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.58% yearly.
The Revenue has grown by 33.60% 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)3350%
EPS 3Y-27.44%
EPS 5Y21.58%
EPS growth Q2Q10600%
Revenue 1Y (TTM)33.6%
Revenue growth 3Y26.01%
Revenue growth 5Y26.69%
Revenue growth Q2Q37.71%
3.2 Future
Based on estimates for the next years, APPF will show a very strong growth in Earnings Per Share. The EPS will grow by 50.31% on average per year.
Based on estimates for the next years, APPF will show a quite strong growth in Revenue. The Revenue will grow by 13.28% on average per year.
EPS Next Y132.2%
EPS Next 2Y74.76%
EPS Next 3Y50.31%
EPS Next 5YN/A
Revenue Next Year25.09%
Revenue Next 2Y22.53%
Revenue Next 3Y20.61%
Revenue Next 5Y13.28%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
A Price/Earnings ratio of 86.63 indicates a quite expensive valuation of APPF.
APPF's Price/Earnings ratio is in line with the industry average.
APPF is valuated expensively when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 46.06, which means the current valuation is very expensive for APPF.
60.22% of the companies in the same industry are more expensive than APPF, based on the Price/Forward Earnings ratio.
APPF's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 20.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.63 | ||
| Fwd PE | 46.06 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APPF indicates a somewhat cheap valuation: APPF is cheaper than 63.50% of the companies listed in the same industry.
APPF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 98.34 | ||
| EV/EBITDA | 93.72 |
4.3 Compensation for Growth
APPF's 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 50.31% in the coming years.
PEG (NY)0.66
PEG (5Y)4.01
EPS Next 2Y74.76%
EPS Next 3Y50.31%
5. Dividend
5.1 Amount
APPF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
APPFOLIO INC - A
NASDAQ:APPF (5/3/2024, 7:00:00 PM)
After market: 239.11 0 (0%)239.11
+3.06 (+1.3%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.58B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.63 | ||
| Fwd PE | 46.06 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.66
PEG (5Y)4.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.42% | ||
| ROE | 22.53% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.16% | ||
| PM (TTM) | 11.38% | ||
| GM | 63.3% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 5.47 | ||
| Quick Ratio | 5.47 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)3350%
EPS 3Y-27.44%
EPS 5Y
EPS growth Q2Q
EPS Next Y132.2%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)33.6%
Revenue growth 3Y26.01%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
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OCF growth 5Y