DB:4P0

Stock Analysis Report

Executive Summary

AppFolio, Inc. provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate and legal markets.

Snowflake

Fundamentals

Solid track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has AppFolio's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.4%

4P0

3.0%

DE Software

1.7%

DE Market


1 Year Return

53.3%

4P0

26.8%

DE Software

7.2%

DE Market

Return vs Industry: 4P0 exceeded the German Software industry which returned 26.8% over the past year.

Return vs Market: 4P0 exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

4P0IndustryMarket
7 Day-6.4%3.0%1.7%
30 Day-12.1%8.1%2.4%
90 Day-13.6%4.1%2.3%
1 Year53.3%53.3%28.5%26.8%10.6%7.2%
3 Year357.7%357.7%55.7%49.5%18.4%8.1%
5 Yearn/a150.8%132.9%42.3%22.9%

Price Volatility Vs. Market

How volatile is AppFolio's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AppFolio undervalued compared to its fair value and its price relative to the market?

83.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 4P0 (€80) is trading above our estimate of fair value (€3.05)

Significantly Below Fair Value: 4P0 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4P0 is poor value based on its PE Ratio (84x) compared to the Software industry average (39x).

PE vs Market: 4P0 is poor value based on its PE Ratio (84x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: 4P0's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 4P0 is overvalued based on its PB Ratio (24.9x) compared to the DE Software industry average (3x).


Next Steps

Future Growth

How is AppFolio forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4P0's earnings are forecast to decline over the next 3 years (-10.9% per year).

Earnings vs Market: 4P0's earnings are forecast to decline over the next 3 years (-10.9% per year).

High Growth Earnings: 4P0's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 4P0's revenue (22.3% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: 4P0's revenue (22.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 4P0's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AppFolio performed over the past 5 years?

76.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 4P0 has become profitable over the past 5 years, growing earnings by 76% per year.

Accelerating Growth: 4P0's earnings growth over the past year (94.1%) exceeds its 5-year average (76% per year).

Earnings vs Industry: 4P0 earnings growth over the past year (94.1%) exceeded the Software industry 14.5%.


Return on Equity

High ROE: 4P0's Return on Equity (29.6%) is considered high.


Return on Assets

ROA vs Industry: 4P0 has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: 4P0's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is AppFolio's financial position?


Financial Position Analysis

Short Term Liabilities: 4P0's short term assets ($64.1M) exceeds its short term liabilities ($41.8M)

Long Term Liabilities: 4P0's short term assets (64.1M) do not cover its long term liabilities (66.1M)


Debt to Equity History and Analysis

Debt Level: 4P0's debt to equity ratio (41.6%) is considered high

Reducing Debt: Insufficient data to determine if 4P0's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 4P0's debt is well covered by operating cash flow (67.1%).

Interest Coverage: 4P0's interest payments on its debt are well covered by EBIT (22.3x coverage).


Balance Sheet

Inventory Level: 4P0 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 4P0's debt is covered by short term assets (assets are 1.302450x debt).


Next Steps

Dividend

What is AppFolio's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 4P0's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 4P0's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 4P0's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 4P0's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 4P0's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of AppFolio's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Jason Randall (46yo)

2.2yrs

Tenure

US$724,149

Compensation

Mr. Jason Robert Randall has been the Chief Executive Officer, President and Director of AppFolio, Inc. since August 8, 2017. Mr. Randall served as Senior Vice President and AppFolio Property Manager of Ap ...


CEO Compensation Analysis

Compensation vs. Market: Jason has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.

Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.4yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 4P0's management team is considered experienced (4.4 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 4P0's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Klaus Schauser (56yo)

    Founder

    • Tenure: 12.8yrs
    • Compensation: US$244.13k
  • Jon Walker (50yo)

    Founder & CTO

    • Tenure: 13.8yrs
    • Compensation: US$500.82k
  • Ida Kane (49yo)

    Chief Financial Officer

    • Tenure: 4.7yrs
    • Compensation: US$691.91k
  • Jason Randall (46yo)

    President

    • Tenure: 2.2yrs
    • Compensation: US$724.15k
  • Aimee Miller

    Chief Marketing Officer

    • Tenure: 2.5yrs
  • Kim Coalson

    Senior Vice President of MyCase

    • Tenure: 0yrs
  • Amy Meyer

    Chief People Officer

    • Tenure: 4.1yrs

Board Members

  • Andreas Von Blottnitz (53yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$142.50k
  • Klaus Schauser (56yo)

    Founder

    • Tenure: 12.8yrs
    • Compensation: US$244.13k
  • Bill Rauth (75yo)

    Director

    • Tenure: 4.3yrs
  • Janet Kerr (64yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$152.50k
  • Timothy Bliss (66yo)

    Director

    • Tenure: 11.8yrs
  • James Peters (72yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$150.00k
  • Jason Randall (46yo)

    President

    • Tenure: 2.2yrs
    • Compensation: US$724.15k

Company Information

AppFolio, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AppFolio, Inc.
  • Ticker: 4P0
  • Exchange: DB
  • Founded: 2006
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$3.002b
  • Listing Market Cap: US$2.695b
  • Shares outstanding: 34.04m
  • Website: https://www.appfolioinc.com

Number of Employees


Location

  • AppFolio, Inc.
  • 50 Castilian Drive
  • Santa Barbara
  • California
  • 93117
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APPFNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDJun 2015
4P0DB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 2015

Biography

AppFolio, Inc. provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate and legal markets. The company offers AppFolio Property Manager, a cloud- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:40
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.