APPFOLIO INC - A (APPF) Stock Fundamental Analysis
USA - NASDAQ:APPF - US03783C1009 - Common Stock
240.31 USD
-0.07 (-0.03%)
240.31 USD
0 (0%)
Taking everything into account, APPF scores 6 out of 10 in our fundamental rating. APPF was compared to 285 industry peers in the Software industry. Both the health and profitability get an excellent rating, making APPF a very profitable company, without any liquidiy or solvency issues. APPF is valued quite expensive, but it does show an excellent growth. This makes APPF very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
APPF had positive earnings in the past year.
In the past year APPF had a positive cash flow from operations.
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
APPF has a Return On Assets of 35.79%. This is amongst the best in the industry. APPF outperforms 98.25% of its industry peers.
Looking at the Return On Equity, with a value of 44.57%, APPF belongs to the top of the industry, outperforming 95.44% of the companies in the same industry.
With an excellent Return On Invested Capital value of 22.10%, APPF belongs to the best of the industry, outperforming 94.39% 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
APPF has a Profit Margin of 23.54%. This is amongst the best in the industry. APPF outperforms 88.77% of its industry peers.
APPF's Profit Margin has improved in the last couple of years.
APPF has a better Operating Margin (16.21%) than 82.46% of its industry peers.
In the last couple of years the Operating Margin of APPF has grown nicely.
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.
APPF has more shares outstanding than it did 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
APPF has an Altman-Z score of 49.76. This indicates that APPF is financially healthy and has little risk of bankruptcy at the moment.
APPF's Altman-Z score of 49.76 is amongst the best of the industry. APPF outperforms 96.84% of its industry peers.
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 | 49.76 |
ROIC/WACC2.01
WACC11.01%
2.3 Liquidity
APPF has a Current Ratio of 2.92. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
APPF's Current ratio of 2.92 is fine compared to the rest of the industry. APPF outperforms 76.84% of its industry peers.
APPF has a Quick Ratio of 2.92. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
APPF has a better Quick ratio (2.92) than 77.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.92 | ||
| Quick Ratio | 2.92 |
3. Growth
3.1 Past
APPF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.15%, which is quite impressive.
The Earnings Per Share has been growing by 59.90% on average over the past years. This is a very strong growth
Looking at the last year, APPF shows a quite strong growth in Revenue. The Revenue has grown by 19.48% in the last year.
Measured over the past years, APPF shows a very strong growth in Revenue. The Revenue has been growing by 25.41% on average per year.
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
The Earnings Per Share is expected to grow by 22.25% on average over the next years. This is a very strong growth
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 3Y22.25%
EPS Next 5YN/A
Revenue Next Year19.4%
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.
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
With a Price/Earnings ratio of 50.06, 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 27.77.
The Price/Forward Earnings ratio is 37.11, which means the current valuation is very expensive for APPF.
APPF's Price/Forward Earnings ratio is in line with the industry average.
APPF's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.06 | ||
| Fwd PE | 37.11 |
4.2 Price Multiples
63.51% of the companies in the same industry are more expensive than APPF, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APPF indicates a somewhat cheap valuation: APPF is cheaper than 61.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.79 | ||
| EV/EBITDA | 52.45 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates APPF does not grow enough to justify the current Price/Earnings ratio.
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 22.25% in the coming years.
PEG (NY)2.02
PEG (5Y)0.84
EPS Next 2Y21.45%
EPS Next 3Y22.25%
5. Dividend
5.1 Amount
No dividends for APPF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
240.31
-0.07 (-0.03%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners90.33%
Inst Owner Change-0.07%
Ins Owners2.32%
Ins Owner Change-1.22%
Market Cap8.62B
Analysts80
Price Target343.35 (42.88%)
Short Float %4.96%
Short Ratio3.52
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)10.12%
PT rev (3m)53.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.95%
EPS NY rev (1m)0%
EPS NY rev (3m)4.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.33%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.06 | ||
| Fwd PE | 37.11 | ||
| P/S | 9.99 | ||
| P/FCF | 47.79 | ||
| P/OCF | 46.46 | ||
| P/B | 18.91 | ||
| P/tB | 28.44 | ||
| EV/EBITDA | 52.45 |
EPS(TTM)4.8
EY2%
EPS(NY)6.48
Fwd EY2.69%
FCF(TTM)5.03
FCFY2.09%
OCF(TTM)5.17
OCFY2.15%
SpS24.06
BVpS12.71
TBVpS8.45
PEG (NY)2.02
PEG (5Y)0.84
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 | 24.67% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 115.31% | ||
| Profit Quality | 88.76% | ||
| Current Ratio | 2.92 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 49.76 |
F-Score6
WACC11.01%
ROIC/WACC2.01
Cap/Depr(3y)53.87%
Cap/Depr(5y)88.52%
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 3Y22.25%
EPS Next 5YN/A
Revenue 1Y (TTM)19.48%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%19.35%
Revenue Next Year19.4%
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 3Y25.71%
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%