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APPF

AppFolio NasdaqGM:APPF Stock Report

Last Price

US$112.19

Market Cap

US$3.9b

7D

3.5%

1Y

-15.3%

Updated

12 Aug, 2022

Data

Company Financials +
APPF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

APPF Stock Overview

AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry.

AppFolio Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AppFolio
Historical stock prices
Current Share PriceUS$112.19
52 Week HighUS$139.99
52 Week LowUS$79.92
Beta1.05
1 Month Change21.73%
3 Month Change19.47%
1 Year Change-15.33%
3 Year Change13.89%
5 Year Change172.97%
Change since IPO696.80%

Recent News & Updates

Shareholder Returns

APPFUS SoftwareUS Market
7D3.5%-0.9%1.3%
1Y-15.3%-16.6%-11.7%

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 -11.7% over the past year.

Price Volatility

Is APPF's price volatile compared to industry and market?
APPF volatility
APPF Average Weekly Movement7.0%
Software Industry Average Movement10.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: APPF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: APPF's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20061,600Jason Randallhttps://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

How do AppFolio's earnings and revenue compare to its market cap?
APPF fundamental statistics
Market CapUS$3.93b
Earnings (TTM)-US$45.73m
Revenue (TTM)US$414.16m

9.5x

P/S Ratio

-85.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APPF income statement (TTM)
RevenueUS$414.16m
Cost of RevenueUS$168.60m
Gross ProfitUS$245.55m
Other ExpensesUS$291.28m
Earnings-US$45.73m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.31
Gross Margin59.29%
Net Profit Margin-11.04%
Debt/Equity Ratio0%

How did APPF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation 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.

APPF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.3x
Enterprise Value/EBITDA-144.4x
PEG Ration/a

Price to Sales Ratio vs Peers

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

APPF PS Ratio vs Peers
The above table shows the PS ratio for APPF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.2x
WK Workiva
7.9x17.8%US$3.9b
ALRM Alarm.com Holdings
4.7x7.5%US$3.7b
BL BlackLine
8.8x18.1%US$4.1b
AYX Alteryx
7.4x15.3%US$4.7b
APPF AppFolio
9.5x18.8%US$3.8b

Price-To-Sales vs Peers: APPF is expensive based on its Price-To-Sales Ratio (9.5x) compared to the peer average (7.2x).


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 (9.5x) 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.

APPF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.5x
Fair PS Ratio6x

Price-To-Sales vs Fair Ratio: APPF is expensive based on its Price-To-Sales Ratio (9.5x) 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 ($112.19) is trading above our estimate of fair value ($37.19)

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 lower 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

1/6

Future 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 (7.9% 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

0/6

Past 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 (18.7%).


Return on Equity

High ROE: APPF has a negative Return on Equity (-17.26%), as it is currently unprofitable.


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Financial Health

How is AppFolio's financial position?

Financial Health Score

6/6

Financial 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

0/6

Dividend 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 ($USD1.46M) is below average for companies of similar size in the US market ($USD6.64M).

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$3.927b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.