| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
APPF Stock Overview
AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry.
AppFolio Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$107.03 |
| 52 Week High | US$139.99 |
| 52 Week Low | US$79.92 |
| Beta | 1.05 |
| 1 Month Change | 8.29% |
| 3 Month Change | 9.96% |
| 1 Year Change | -14.51% |
| 3 Year Change | 11.72% |
| 5 Year Change | 156.05% |
| Change since IPO | 660.16% |
Recent News & Updates
Shareholder Returns
| APPF | US Software | US Market | |
|---|---|---|---|
| 7D | -4.6% | 0.2% | 1.4% |
| 1Y | -14.5% | -16.6% | -8.4% |
Return vs Industry: APPF exceeded the US Software industry which returned -16.6% over the past year.
Return vs Market: APPF underperformed the US Market which returned -8.4% over the past year.
Price Volatility
| APPF volatility | |
|---|---|
| APPF Average Weekly Movement | 6.3% |
| Software Industry Average Movement | 10.1% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: APPF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: APPF's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 1,600 | Jason Randall | https://www.appfolioinc.com |
AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes. It also provides value added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services.
AppFolio Fundamentals Summary
| APPF fundamental statistics | |
|---|---|
| Market Cap | US$3.75b |
| Earnings (TTM) | -US$45.73m |
| Revenue (TTM) | US$414.16m |
9.0x
P/S Ratio-81.9x
P/E RatioIs APPF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| APPF income statement (TTM) | |
|---|---|
| Revenue | US$414.16m |
| Cost of Revenue | US$168.60m |
| Gross Profit | US$245.55m |
| Other Expenses | US$291.28m |
| Earnings | -US$45.73m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.31 |
| Gross Margin | 59.29% |
| Net Profit Margin | -11.04% |
| Debt/Equity Ratio | 0% |
How did APPF perform over the long term?
See historical performance and comparisonValuation
Is APPF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for APPF?
Other financial metrics that can be useful for relative valuation.
| What is APPF's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$3.75b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 8.9x |
| Enterprise Value/EBITDA | -137.6x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does APPF's PS Ratio compare to its peers?
| APPF PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 6.9x | ||
WK Workiva | 7.5x | 17.8% | US$3.7b |
ALRM Alarm.com Holdings | 4.5x | 7.5% | US$3.6b |
BL BlackLine | 9x | 18.1% | US$4.3b |
AYX Alteryx | 6.7x | 15.3% | US$4.4b |
APPF AppFolio | 9x | 18.8% | US$3.7b |
Price-To-Sales vs Peers: APPF is expensive based on its Price-To-Sales Ratio (9x) compared to the peer average (6.9x).
Price to Earnings Ratio vs Industry
How does APPF's PE Ratio compare vs other companies in the US Software Industry?
Price-To-Sales vs Industry: APPF is expensive based on its Price-To-Sales Ratio (9x) compared to the US Software industry average (5.3x)
Price to Sales Ratio vs Fair Ratio
What is APPF'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 9x |
| Fair PS Ratio | 6x |
Price-To-Sales vs Fair Ratio: APPF is expensive based on its Price-To-Sales Ratio (9x) compared to the estimated Fair Price-To-Sales Ratio (6x).
Share Price vs Fair Value
What is the Fair Price of APPF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: APPF ($107.03) is trading above our estimate of fair value ($37.21)
Significantly Below Fair Value: APPF is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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Future Growth
How is AppFolio forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
23.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APPF is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: APPF is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: APPF is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: APPF's revenue (18.8% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: APPF's revenue (18.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if APPF's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has AppFolio performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APPF is currently unprofitable.
Growing Profit Margin: APPF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: APPF is unprofitable, but has reduced losses over the past 5 years at a rate of 18.2% per year.
Accelerating Growth: Unable to compare APPF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: APPF is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.5%).
Return on Equity
High ROE: APPF has a negative Return on Equity (-17.26%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is AppFolio's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: APPF's short term assets ($156.4M) exceed its short term liabilities ($54.7M).
Long Term Liabilities: APPF's short term assets ($156.4M) exceed its long term liabilities ($55.7M).
Debt to Equity History and Analysis
Debt Level: APPF is debt free.
Reducing Debt: APPF had no debt 5 years ago.
Debt Coverage: APPF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: APPF has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is AppFolio current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate APPF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate APPF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if APPF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if APPF's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as APPF has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Jason Randall (49 yo)
5yrs
Tenure
US$1,461,382
Compensation
Mr. Jason Robert Randall has been the Chief Executive Officer, President and Director of AppFolio, Inc. since August 8, 2017. Mr. Randall served as Senior Vice President and AppFolio Property Manager of Ap...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD6.61M).
Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: APPF's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: APPF's board of directors are considered experienced (6.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: APPF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AppFolio, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: AppFolio, Inc.
- Ticker: APPF
- Exchange: NasdaqGM
- Founded: 2006
- Industry: Application Software
- Sector: Software
- Implied Market Cap: US$3.746b
- Shares outstanding: 35.00m
- Website: https://www.appfolioinc.com
Number of Employees
Location
- AppFolio, Inc.
- 50 Castilian Drive
- Santa Barbara
- California
- 93117
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/19 00:00 |
| End of Day Share Price | 2022/08/19 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.