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APPFOLIO INC - A (APPF) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:APPF - US03783C1009 - Common Stock

217.81 USD
+6.52 (+3.09%)
Last: 1/21/2026, 8:00:00 PM
217.81 USD
0 (0%)
After Hours: 1/21/2026, 8:00:00 PM
Fundamental Rating

6

Overall APPF gets a fundamental rating of 6 out of 10. We evaluated APPF against 277 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. With these ratings, APPF could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year APPF was profitable.
  • In the past year APPF had a positive cash flow from operations.
  • Of the past 5 years APPF 4 years were profitable.
  • APPF had a positive operating cash flow in each of the past 5 years.
APPF Yearly Net Income VS EBIT VS OCF VS FCFAPPF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M 150M 200M

1.2 Ratios

  • The Return On Assets of APPF (31.81%) is better than 98.56% of its industry peers.
  • APPF has a Return On Equity of 40.84%. This is amongst the best in the industry. APPF outperforms 94.58% of its industry peers.
  • The Return On Invested Capital of APPF (19.35%) is better than 94.22% of its industry peers.
Industry RankSector Rank
ROA 31.81%
ROE 40.84%
ROIC 19.35%
ROA(3y)5.12%
ROA(5y)11.25%
ROE(3y)4.85%
ROE(5y)14.06%
ROIC(3y)N/A
ROIC(5y)N/A
APPF Yearly ROA, ROE, ROICAPPF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

1.3 Margins

  • The Profit Margin of APPF (22.48%) is better than 85.92% of its industry peers.
  • APPF's Profit Margin has improved in the last couple of years.
  • APPF has a Operating Margin of 14.60%. This is amongst the best in the industry. APPF outperforms 81.23% of its industry peers.
  • APPF's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 63.48%, APPF perfoms like the industry average, outperforming 41.16% of the companies in the same industry.
  • APPF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.6%
PM (TTM) 22.48%
GM 63.48%
OM growth 3YN/A
OM growth 5Y41.53%
PM growth 3Y351.99%
PM growth 5Y12.62%
GM growth 3Y2.47%
GM growth 5Y1.35%
APPF Yearly Profit, Operating, Gross MarginsAPPF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

8

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.
  • 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.
APPF Yearly Shares OutstandingAPPF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
APPF Yearly Total Debt VS Total AssetsAPPF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • APPF has an Altman-Z score of 36.48. This indicates that APPF is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of APPF (36.48) is better than 97.83% of its industry peers.
  • 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 36.48
ROIC/WACC1.74
WACC11.15%
APPF Yearly LT Debt VS Equity VS FCFAPPF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

2.3 Liquidity

  • A Current Ratio of 3.01 indicates that APPF has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.01, APPF is in the better half of the industry, outperforming 75.09% of the companies in the same industry.
  • A Quick Ratio of 3.01 indicates that APPF has no problem at all paying its short term obligations.
  • APPF has a better Quick ratio (3.01) than 75.45% of its industry peers.
Industry RankSector Rank
Current Ratio 3.01
Quick Ratio 3.01
APPF Yearly Current Assets VS Current LiabilitesAPPF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 10.80% over the past year.
  • APPF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 59.90% yearly.
  • The Revenue has grown by 18.88% 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)10.8%
EPS 3Y426.96%
EPS 5Y59.9%
EPS Q2Q%1.55%
Revenue 1Y (TTM)18.88%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%21.2%

3.2 Future

  • The Earnings Per Share is expected to grow by 23.21% 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 18.81% on average per year.
EPS Next Y19.8%
EPS Next 2Y21.99%
EPS Next 3Y23.21%
EPS Next 5YN/A
Revenue Next Year20.18%
Revenue Next 2Y19.38%
Revenue Next 3Y18.81%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
APPF Yearly Revenue VS EstimatesAPPF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
APPF Yearly EPS VS EstimatesAPPF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8

3

4. Valuation

4.1 Price/Earnings Ratio

  • APPF is valuated quite expensively with a Price/Earnings ratio of 45.19.
  • APPF's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.32, APPF is valued quite expensively.
  • With a Price/Forward Earnings ratio of 33.34, APPF can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APPF is on the same level as its industry peers.
  • APPF is valuated rather expensively when we compare the Price/Forward Earnings ratio to 24.30, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 45.19
Fwd PE 33.34
APPF Price Earnings VS Forward Price EarningsAPPF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than the industry average as 60.29% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of APPF indicates a somewhat cheap valuation: APPF is cheaper than 63.18% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 37.58
EV/EBITDA 48.93
APPF Per share dataAPPF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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 23.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.28
PEG (5Y)0.75
EPS Next 2Y21.99%
EPS Next 3Y23.21%

0

5. Dividend

5.1 Amount

  • APPF does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

APPFOLIO INC - A

NASDAQ:APPF (1/21/2026, 8:00:00 PM)

After market: 217.81 0 (0%)

217.81

+6.52 (+3.09%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-30
Earnings (Next)01-29
Inst Owners88.38%
Inst Owner Change0.54%
Ins Owners2.47%
Ins Owner Change-0.41%
Market Cap7.82B
Revenue(TTM)906.29M
Net Income(TTM)203.74M
Analysts82.86
Price Target314.75 (44.51%)
Short Float %6.45%
Short Ratio6.37
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-3.05%
Min EPS beat(2)-11.52%
Max EPS beat(2)5.42%
EPS beat(4)1
Avg EPS beat(4)-3.37%
Min EPS beat(4)-11.52%
Max EPS beat(4)5.42%
EPS beat(8)5
Avg EPS beat(8)7.42%
EPS beat(12)9
Avg EPS beat(12)27.86%
EPS beat(16)11
Avg EPS beat(16)-115.31%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)-0.15%
Revenue beat(4)0
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)-0.15%
Revenue beat(8)4
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)1.18%
Revenue beat(16)11
Avg Revenue beat(16)1.16%
PT rev (1m)-1.5%
PT rev (3m)-8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.55%
EPS NY rev (1m)0.37%
EPS NY rev (3m)-3.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.02%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)0.65%
Valuation
Industry RankSector Rank
PE 45.19
Fwd PE 33.34
P/S 8.63
P/FCF 37.58
P/OCF 36.61
P/B 15.68
P/tB 22.39
EV/EBITDA 48.93
EPS(TTM)4.82
EY2.21%
EPS(NY)6.53
Fwd EY3%
FCF(TTM)5.8
FCFY2.66%
OCF(TTM)5.95
OCFY2.73%
SpS25.23
BVpS13.89
TBVpS9.73
PEG (NY)2.28
PEG (5Y)0.75
Graham Number38.81
Profitability
Industry RankSector Rank
ROA 31.81%
ROE 40.84%
ROCE 24.5%
ROIC 19.35%
ROICexc 30.75%
ROICexgc 54.89%
OM 14.6%
PM (TTM) 22.48%
GM 63.48%
FCFM 22.97%
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover1.42
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 26.25%
Cap/Sales 0.61%
Interest Coverage 250
Cash Conversion 139.4%
Profit Quality 102.18%
Current Ratio 3.01
Quick Ratio 3.01
Altman-Z 36.48
F-Score6
WACC11.15%
ROIC/WACC1.74
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)10.8%
EPS 3Y426.96%
EPS 5Y59.9%
EPS Q2Q%1.55%
EPS Next Y19.8%
EPS Next 2Y21.99%
EPS Next 3Y23.21%
EPS Next 5YN/A
Revenue 1Y (TTM)18.88%
Revenue growth 3Y30.25%
Revenue growth 5Y25.41%
Sales Q2Q%21.2%
Revenue Next Year20.18%
Revenue Next 2Y19.38%
Revenue Next 3Y18.81%
Revenue Next 5YN/A
EBIT growth 1Y-8.9%
EBIT growth 3YN/A
EBIT growth 5Y77.49%
EBIT Next Year21.11%
EBIT Next 3Y23.99%
EBIT Next 5YN/A
FCF growth 1Y889.42%
FCF growth 3Y307.73%
FCF growth 5Y79.14%
OCF growth 1Y507.22%
OCF growth 3Y74.53%
OCF growth 5Y37.07%

APPFOLIO INC - A / APPF FAQ

What is the fundamental rating for APPF stock?

ChartMill assigns a fundamental rating of 6 / 10 to APPF.


What is the valuation status of APPFOLIO INC - A (APPF) stock?

ChartMill assigns a valuation rating of 3 / 10 to APPFOLIO INC - A (APPF). This can be considered as Overvalued.


What is the profitability of APPF stock?

APPFOLIO INC - A (APPF) has a profitability rating of 7 / 10.


What is the financial health of APPFOLIO INC - A (APPF) stock?

The financial health rating of APPFOLIO INC - A (APPF) is 8 / 10.


What is the expected EPS growth for APPFOLIO INC - A (APPF) stock?

The Earnings per Share (EPS) of APPFOLIO INC - A (APPF) is expected to grow by 19.8% in the next year.