Appen Future Growth

Future criteria checks 4/6

Appen is forecast to grow earnings and revenue by 71.1% and 8.8% per annum respectively. EPS is expected to grow by 81% per annum. Return on equity is forecast to be -7.1% in 3 years.

Key information

71.1%

Earnings growth rate

81.0%

EPS growth rate

IT earnings growth	11.2%
Revenue growth rate	8.8%
Future return on equity	-7.1%
Analyst coverage	Low
Last updated	06 Mar 2025

Recent future growth updates

Recent updates

Appen Limited (ASX:APX) Looks Inexpensive After Falling 61% But Perhaps Not Attractive Enough

Mar 21

Appen Limited's (ASX:APX) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Jan 04

Appen Limited (ASX:APX) Stock Rockets 44% As Investors Are Less Pessimistic Than Expected

Oct 15

Appen Limited's (ASX:APX) Shares Bounce 28% But Its Business Still Trails The Industry

Aug 31

There's No Escaping Appen Limited's (ASX:APX) Muted Revenues Despite A 66% Share Price Rise

Feb 29

The Market Doesn't Like What It Sees From Appen Limited's (ASX:APX) Revenues Yet As Shares Tumble 27%

Jan 15

When Should You Buy Appen Limited (ASX:APX)?

Aug 24

Downgrade: Here's How Analysts See Appen Limited (ASX:APX) Performing In The Near Term

May 15

Why Appen Limited (ASX:APX) Could Be Worth Watching

May 10

Are Investors Undervaluing Appen Limited (ASX:APX) By 21%?

Apr 13

Should You Investigate Appen Limited (ASX:APX) At AU$2.61?

Dec 09

AU$4.47: That's What Analysts Think Appen Limited (ASX:APX) Is Worth After Its Latest Results

Aug 26

Earnings and Revenue Growth Forecasts

ASX:APX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	307	3	9	23	4
12/31/2026	278	-5	5	15	4
12/31/2025	251	-14	-10	15	5
12/31/2024	235	-20	-14	-1	N/A
9/30/2024	242	-56	-25	-11	N/A
6/30/2024	248	-93	-36	-21	N/A
3/31/2024	261	-105	-39	-22	N/A
12/31/2023	274	-118	-43	-23	N/A
9/30/2023	309	-196	-30	-6	N/A
6/30/2023	345	-273	-17	11	N/A
3/31/2023	367	-256	-13	15	N/A
12/31/2022	388	-239	-10	18	N/A
9/30/2022	411	-113	6	32	N/A
6/30/2022	434	12	22	45	N/A
3/31/2022	440	20	27	49	N/A
12/31/2021	447	29	31	54	N/A
9/30/2021	428	28	24	49	N/A
6/30/2021	409	27	18	44	N/A
3/31/2021	411	32	31	54	N/A
12/31/2020	413	36	44	65	N/A
9/30/2020	411	34	51	69	N/A
6/30/2020	401	31	57	71	N/A
3/31/2020	354	27	43	55	N/A
12/31/2019	376	29	36	47	N/A
9/30/2019	335	30	37	44	N/A
6/30/2019	320	33	40	45	N/A
3/31/2019	291	31	36	39	N/A
12/31/2018	257	29	30	33	N/A
9/30/2018	220	22	N/A	24	N/A
6/30/2018	182	15	N/A	14	N/A
3/31/2018	158	13	N/A	12	N/A
12/31/2017	130	11	N/A	10	N/A
9/30/2017	117	11	N/A	12	N/A
6/30/2017	101	10	N/A	14	N/A
3/31/2017	93	9	N/A	12	N/A
12/31/2016	80	8	N/A	9	N/A
9/30/2016	81	8	N/A	9	N/A
6/30/2016	75	8	N/A	9	N/A
3/31/2016	70	7	N/A	6	N/A
12/31/2015	60	6	N/A	3	N/A
9/30/2015	50	4	N/A	3	N/A
6/30/2015	46	2	N/A	3	N/A
3/31/2015	42	1	N/A	5	N/A
12/31/2014	42	1	N/A	7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: APX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: APX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: APX is expected to become profitable in the next 3 years.

Revenue vs Market: APX's revenue (8.8% per year) is forecast to grow faster than the Australian market (5.8% per year).

High Growth Revenue: APX's revenue (8.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: APX is forecast to be unprofitable in 3 years.

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/03 02:32
End of Day Share Price	2025/04/03 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Appen Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Josh Kannourakis	Barrenjoey Markets Pty Limited
Ware Kuo	BofA Global Research
Conor O’Prey	Canaccord Genuity

Appen Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 50%

Price target increased by 9.9% to AU$1.77

Consensus estimates of losses per share improve by 31%

Price target increased by 10% to AU$0.92

Consensus EPS estimates fall by 27%

Price target increased by 8.7% to AU$0.58

Recent updates

Appen Limited (ASX:APX) Looks Inexpensive After Falling 61% But Perhaps Not Attractive Enough

Appen Limited, Annual General Meeting, May 16, 2025

Now 27% undervalued after recent price drop

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 50%

Price target increased by 9.9% to AU$1.77

Appen Limited to Report Fiscal Year 2024 Results on Feb 26, 2025

Appen Limited's (ASX:APX) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Consensus estimates of losses per share improve by 31%

Appen Limited has completed a Follow-on Equity Offering in the amount of AUD 50.000001 million.

Appen Limited (ASX:APX) Stock Rockets 44% As Investors Are Less Pessimistic Than Expected

Appen Limited has completed a Follow-on Equity Offering in the amount of AUD 50.000001 million.

New major risk - Shareholder dilution

Appen Limited to Report Q3, 2024 Results on Oct 31, 2024

Price target increased by 10% to AU$0.92

First half 2024 earnings released: US$0.081 loss per share (vs US$0.34 loss in 1H 2023)

Appen Limited's (ASX:APX) Shares Bounce 28% But Its Business Still Trails The Industry

Consensus EPS estimates fall by 27%

Price target increased by 8.7% to AU$0.58

Appen (ASX:APX) Will Have To Spend Its Cash Wisely

Appen Limited to Report First Half, 2024 Results on Aug 30, 2024

Appen Limited's (ASX:APX) Price Is Right But Growth Is Lacking

We're A Little Worried About Appen's (ASX:APX) Cash Burn Rate

Appen Limited, Annual General Meeting, May 24, 2024

Appen Limited, Annual General Meeting, May 24, 2024

Consensus estimates of losses per share improve by 16%

New major risk - Financial position

Now 28% undervalued

High number of new directors

There's No Escaping Appen Limited's (ASX:APX) Muted Revenues Despite A 66% Share Price Rise

Price target decreased by 7.6% to AU$0.63

Full year 2023 earnings released: US$0.83 loss per share (vs US$1.94 loss in FY 2022)

Consensus EPS estimates upgraded to US$0.34 loss

New major risk - Share price stability

The Market Doesn't Like What It Sees From Appen Limited's (ASX:APX) Revenues Yet As Shares Tumble 27%

Appen Limited to Report Fiscal Year 2023 Results on Feb 27, 2024

New major risk - Shareholder dilution

Appen Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million.

Price target decreased by 9.1% to AU$1.43

New minor risk - Share price stability

New minor risk - Market cap size

New minor risk - Profitability

New minor risk - Profitability

Consensus EPS estimates fall by 18%

Price target decreased by 11% to AU$2.13

When Should You Buy Appen Limited (ASX:APX)?

Appen Launches AI Chat Feedback and Benchmarking Solutions for Enhanced LLM Evaluation

Appen Limited Announces Chief Financial Officer Changes

Appen Limited Announces Appointment of Fab Dolan as Chief Marketing Officer

Appen Limited to Report First Half, 2023 Results on Aug 28, 2023

Price target increased by 9.8% to AU$2.17

Appen Limited Appoints Andrew Ettinger as Chief Revenue Officer

Downgrade: Here's How Analysts See Appen Limited (ASX:APX) Performing In The Near Term

Price target decreased by 12% to AU$2.05

Consensus EPS estimates fall by 52%

Why Appen Limited (ASX:APX) Could Be Worth Watching

Now 34% undervalued after recent price drop

Now 20% undervalued

Are Investors Undervaluing Appen Limited (ASX:APX) By 21%?

Now 21% undervalued

Independent Non-Executive Director recently bought AU$124k worth of stock

Consensus EPS estimates fall by 98%

Full year 2022 earnings: EPS misses analyst expectations

Price target decreased by 12% to AU$2.67

Consensus EPS estimates upgraded to US$0.13 loss, revenue downgraded

Price target decreased by 7.1% to AU$2.94

Consensus EPS estimates upgraded to US$0.14 loss, revenue downgraded

Investor sentiment improves as stock rises 15%

Appen Limited, Annual General Meeting, May 26, 2023