APPFOLIO INC - A (APPF) Stock Fundamental Analysis
USA - NASDAQ:APPF - US03783C1009 - Common Stock
281.57 USD
+1.68 (+0.6%)
281.57 USD
0 (0%)
APPF gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 280 industry peers in the Software industry. APPF gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
APPF had positive earnings in 4 of the past 5 years.
In the past 5 years APPF always reported a positive cash flow from operatings.
1.2 Ratios
APPF has a better Return On Assets (35.79%) than 98.57% of its industry peers.
APPF's Return On Equity of 44.57% is amongst the best of the industry. APPF outperforms 95.36% of its industry peers.
APPF has a better Return On Invested Capital (22.10%) than 94.64% of its industry peers.
| 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 89.29% of its industry peers.
In the last couple of years the Profit Margin of APPF has grown nicely.
With an excellent Operating Margin value of 16.21%, APPF belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
APPF's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 63.93%, APPF is in line with its industry, outperforming 41.43% of the companies in the same 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 | 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APPF is creating value.
APPF has more shares outstanding than it did 1 year ago.
The number of shares outstanding for APPF has been increased compared to 5 years ago.
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
An Altman-Z score of 57.36 indicates that APPF is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 57.36, APPF belongs to the best of the industry, outperforming 97.50% of the companies in the same industry.
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 | 57.36 |
ROIC/WACC1.99
WACC11.13%
2.3 Liquidity
A Current Ratio of 2.92 indicates that APPF has no problem at all paying its short term obligations.
APPF's Current ratio of 2.92 is fine compared to the rest of the industry. APPF outperforms 77.50% 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.
The Quick ratio of APPF (2.92) is better than 78.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.92 | ||
| Quick Ratio | 2.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 31.15% over the past year.
The Earnings Per Share has been growing by 59.90% on average over the past years. This is a very strong growth
The Revenue has grown by 19.48% in the past year. This is quite good.
The Revenue has been growing by 25.41% on average over the past years. This is a very strong growth!
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
APPF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.94% yearly.
APPF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.25% yearly.
EPS Next Y24.76%
EPS Next 2Y21.45%
EPS Next 3Y23.94%
EPS Next 5YN/A
Revenue Next Year19.38%
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
Based on the Price/Earnings ratio of 58.66, the valuation of APPF can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of APPF is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.38. APPF is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 43.48 indicates a quite expensive valuation of APPF.
The rest of the industry has a similar Price/Forward Earnings ratio as APPF.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, APPF is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.66 | ||
| Fwd PE | 43.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than 61.43% of the companies in the same industry.
APPF's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 56 | ||
| EV/EBITDA | 60.13 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of APPF may justify a higher PE ratio.
APPF's earnings are expected to grow with 23.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.37
PEG (5Y)0.98
EPS Next 2Y21.45%
EPS Next 3Y23.94%
5. Dividend
5.1 Amount
APPF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
281.57
+1.68 (+0.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners89.43%
Inst Owner Change0.87%
Ins Owners3.43%
Ins Owner Change-0.9%
Market Cap10.09B
Analysts78.46
Price Target311.79 (10.73%)
Short Float %5.05%
Short Ratio3.46
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)3.47%
PT rev (3m)30.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.95%
EPS NY rev (1m)4.5%
EPS NY rev (3m)3.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.33%
Revenue NY rev (1m)1.33%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.66 | ||
| Fwd PE | 43.48 | ||
| P/S | 11.7 | ||
| P/FCF | 56 | ||
| P/OCF | 54.43 | ||
| P/B | 22.15 | ||
| P/tB | 33.33 | ||
| EV/EBITDA | 60.13 |
EPS(TTM)4.8
EY1.7%
EPS(NY)6.48
Fwd EY2.3%
FCF(TTM)5.03
FCFY1.79%
OCF(TTM)5.17
OCFY1.84%
SpS24.06
BVpS12.71
TBVpS8.45
PEG (NY)2.37
PEG (5Y)0.98
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 | 21.55% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 113.17% | ||
| Profit Quality | 88.76% | ||
| Current Ratio | 2.92 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 57.36 |
F-Score6
WACC11.13%
ROIC/WACC1.99
Cap/Depr(3y)51.19%
Cap/Depr(5y)86.91%
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 3Y23.94%
EPS Next 5YN/A
Revenue 1Y (TTM)19.48%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%19.35%
Revenue Next Year19.38%
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 3Y21.34%
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%