Applied Digital Corporation

NasdaqGS:APLD Stock Report

Market Cap: US$1.7b

Applied Digital Valuation

Is APLD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of APLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate APLD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate APLD's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APLD?

Key metric: As APLD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for APLD. This is calculated by dividing APLD's market cap by their current revenue.
What is APLD's PS Ratio?
PS Ratio8.9x
SalesUS$189.96m
Market CapUS$1.70b

Price to Sales Ratio vs Peers

How does APLD's PS Ratio compare to its peers?

The above table shows the PS ratio for APLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
CD Chindata Group Holdings
4x15.7%US$3.1b
FSLY Fastly
2.6x8.6%US$1.4b
DOCN DigitalOcean Holdings
4.4x12.3%US$3.3b
KC Kingsoft Cloud Holdings
2.2x12.2%US$1.9b
APLD Applied Digital
8.9x41.0%US$1.7b

Price-To-Sales vs Peers: APLD is expensive based on its Price-To-Sales Ratio (8.9x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

How does APLD's PS Ratio compare vs other companies in the US IT Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
KD Kyndryl Holdings
0.5x1.6%US$7.94b
DXC DXC Technology
0.3x-2.0%US$3.89b
RXT Rackspace Technology
0.2x0.4%US$509.75m
UIS Unisys
0.2x3.4%US$468.89m
APLD 8.9xIndustry Avg. 2.6xNo. of Companies26PS02.44.87.29.612+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: APLD is expensive based on its Price-To-Sales Ratio (8.9x) compared to the US IT industry average (2.6x).

Price to Sales Ratio vs Fair Ratio

What is APLD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APLD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.9x
Fair PS Ratio4.1x

Price-To-Sales vs Fair Ratio: APLD is expensive based on its Price-To-Sales Ratio (8.9x) compared to the estimated Fair Price-To-Sales Ratio (4.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst APLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$8.01
US$11.63
+45.1%
14.9%US$15.00US$9.00n/a8
Dec ’25US$10.10
US$11.14
+10.3%
11.2%US$13.00US$9.00n/a7
Nov ’25US$6.46
US$10.71
+65.9%
9.6%US$12.00US$9.00n/a7
Oct ’25US$8.08
US$9.14
+13.2%
24.4%US$12.00US$5.00n/a7
Sep ’25US$3.65
US$9.00
+146.6%
25.2%US$12.00US$5.00n/a7
Aug ’25US$4.49
US$8.86
+97.3%
29.2%US$12.00US$5.00n/a7
Jul ’25US$6.50
US$9.14
+40.7%
25.8%US$12.00US$5.00n/a7
Jun ’25US$4.23
US$8.43
+99.3%
29.0%US$12.00US$5.00n/a7
May ’25US$3.00
US$8.71
+190.5%
25.8%US$12.00US$5.00n/a7
Apr ’25US$4.11
US$13.43
+226.7%
19.8%US$19.00US$10.00n/a7
Mar ’25US$4.21
US$13.86
+229.1%
20.2%US$19.00US$10.00n/a7
Feb ’25US$5.01
US$13.86
+176.6%
20.2%US$19.00US$10.00n/a7
Jan ’25US$6.74
US$15.21
+125.7%
15.1%US$19.00US$12.00n/a7
Dec ’24US$5.19
US$15.21
+193.1%
15.1%US$19.00US$12.00US$10.107
Nov ’24US$4.93
US$15.21
+208.6%
15.1%US$19.00US$12.00US$6.467
Oct ’24US$6.24
US$15.42
+147.1%
15.7%US$19.00US$12.00US$8.086
Sep ’24US$5.78
US$15.75
+172.5%
16.6%US$19.00US$12.00US$3.656
Aug ’24US$9.26
US$15.75
+70.1%
16.6%US$19.00US$12.00US$4.496
Jul ’24US$9.35
US$12.27
+31.3%
27.5%US$18.14US$8.50US$6.506
Jun ’24US$9.21
US$10.42
+13.1%
38.6%US$17.00US$4.00US$4.236
May ’24US$3.10
US$5.95
+91.9%
35.8%US$10.00US$3.70US$3.006
Apr ’24US$2.24
US$6.20
+176.8%
33.8%US$10.00US$3.70US$4.116
Mar ’24US$2.71
US$5.89
+117.2%
35.4%US$10.00US$3.70US$4.217
Feb ’24US$3.28
US$5.89
+79.4%
35.4%US$10.00US$3.70US$5.017
Jan ’24US$1.84
US$6.29
+241.6%
31.8%US$10.00US$4.00US$6.747
Dec ’23US$1.91
US$6.67
+249.0%
28.6%US$10.00US$4.00US$5.196

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 23:25
End of Day Share Price 2024/12/20 00:00
Earnings2024/08/31
Annual Earnings2024/05/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Applied Digital Corporation is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lucas PipesB. Riley Securities, Inc.
Caydee BlankenshipCFRA Equity Research
George SuttonCraig-Hallum Capital Group LLC