APPFOLIO INC - A (APPF) Stock Fundamental Analysis
NASDAQ:APPF - US03783C1009 - Common Stock
276.27 USD
+2.54 (+0.93%)
276.27 USD
0 (0%)
Taking everything into account, APPF scores 6 out of 10 in our fundamental rating. APPF was compared to 282 industry peers in the Software industry. APPF scores excellent points on both the profitability and health parts. This is a solid base for a good stock. APPF shows excellent growth, but is valued quite expensive already. This makes APPF very considerable for growth and quality investing!
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.
APPF had positive earnings in 4 of the past 5 years.
Each year in the past 5 years APPF had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 35.79%, APPF belongs to the best of the industry, outperforming 98.94% of the companies in the same industry.
APPF has a Return On Equity of 44.57%. This is amongst the best in the industry. APPF outperforms 95.39% of its industry peers.
The Return On Invested Capital of APPF (22.10%) is better than 94.68% 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
With an excellent Profit Margin value of 23.54%, APPF belongs to the best of the industry, outperforming 89.36% of the companies in the same industry.
In the last couple of years the Profit Margin of APPF has grown nicely.
The Operating Margin of APPF (16.21%) is better than 82.62% of its industry peers.
APPF's Operating Margin has improved in the last couple of years.
The Gross Margin of APPF (63.93%) 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 | 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.
Compared to 1 year ago, APPF has more shares outstanding
APPF has more shares outstanding than it did 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
APPF has an Altman-Z score of 56.17. This indicates that APPF is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of APPF (56.17) is better than 97.52% 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 | 56.17 |
ROIC/WACC1.96
WACC11.25%
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 has a Current ratio of 2.92. This is in the better half of the industry: APPF outperforms 76.24% of its industry peers.
A Quick Ratio of 2.92 indicates that APPF has no problem at all paying its short term obligations.
APPF has a Quick ratio of 2.92. This is in the better half of the industry: APPF outperforms 76.95% 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
APPF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.48%.
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 23.94% 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 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
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 57.56, 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.
Compared to an average S&P500 Price/Earnings ratio of 27.08, APPF is valued quite expensively.
A Price/Forward Earnings ratio of 42.67 indicates a quite expensive valuation of APPF.
APPF's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.67, APPF is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.56 | ||
| Fwd PE | 42.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APPF is valued a bit cheaper than the industry average as 60.64% of the companies are valued more expensively.
APPF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.94 | ||
| EV/EBITDA | 58.78 |
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.
APPF's earnings are expected to grow with 23.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.32
PEG (5Y)0.96
EPS Next 2Y21.45%
EPS Next 3Y23.94%
5. Dividend
5.1 Amount
No dividends for APPF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
276.27
+2.54 (+0.93%)
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 Change2.84%
Market Cap9.90B
Analysts76.92
Price Target307.71 (11.38%)
Short Float %6.1%
Short Ratio3.95
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)37.96%
PT rev (3m)24.24%
EPS NQ rev (1m)4.72%
EPS NQ rev (3m)-2.14%
EPS NY rev (1m)4.5%
EPS NY rev (3m)3.35%
Revenue NQ rev (1m)1.22%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)1.42%
Revenue NY rev (3m)1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.56 | ||
| Fwd PE | 42.67 | ||
| P/S | 11.48 | ||
| P/FCF | 54.94 | ||
| P/OCF | 53.41 | ||
| P/B | 21.74 | ||
| P/tB | 32.7 | ||
| EV/EBITDA | 58.78 |
EPS(TTM)4.8
EY1.74%
EPS(NY)6.48
Fwd EY2.34%
FCF(TTM)5.03
FCFY1.82%
OCF(TTM)5.17
OCFY1.87%
SpS24.06
BVpS12.71
TBVpS8.45
PEG (NY)2.32
PEG (5Y)0.96
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 | 56.17 |
F-Score6
WACC11.25%
ROIC/WACC1.96
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%