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APPF

AppFolioNasdaqGM:APPF Stock Report

Market Cap

US$4.2b

7D

-2.5%

1Y

-23.9%

Updated

01 Dec, 2021

Data

Company Financials +
APPF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
Dividends0/6

APPF Stock Overview

AppFolio, Inc., together with its subsidiaries, provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry.

AppFolio Competitors

Tyler Technologies

NYSE:TYL

US$21.3b

Five9

NasdaqGM:FIVN

US$9.7b

EverCommerce

NasdaqGS:EVCM

US$3.2b

Thomson Reuters

TSX:TRI

CA$76.0b

Price History & Performance

Summary of all time highs, changes and price drops for AppFolio
Historical stock prices
Current Share PriceUS$120.49
52 Week HighUS$186.59
52 Week LowUS$110.22
Beta1.02
1 Month Change-8.51%
3 Month Change-1.30%
1 Year Change-23.85%
3 Year Change99.82%
5 Year Change450.18%
Change since IPO755.75%

Recent News & Updates

Oct 20
If You Like EPS Growth Then Check Out AppFolio (NASDAQ:APPF) Before It's Too Late

If You Like EPS Growth Then Check Out AppFolio (NASDAQ:APPF) Before It's Too Late

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Sep 21

AppFolio: Priced To Perfection, But Anything But

About one-year ago I started my coverage of AppFolio on Seeking Alpha by suggesting the stock was "ripe for a correction". Despite the fact that the stock has dropped close to 30% since then, financial reports issued since that time have done nothing to change my outlook. That's because the current forward P/E of 280x is terribly out-of-sync with the company's financial reports and prospects. Bottom line: APPF is still priced for perfection but is anything but perfect. The stock could easily drop 50% in my opinion.

Sep 17
Should You Investigate AppFolio, Inc. (NASDAQ:APPF) At US$124?

Should You Investigate AppFolio, Inc. (NASDAQ:APPF) At US$124?

While AppFolio, Inc. ( NASDAQ:APPF ) might not be the most widely known stock at the moment, it saw significant share...

Shareholder Returns

APPFUS SoftwareUS Market
7D-2.5%-1.4%-2.8%
1Y-23.9%34.2%20.0%

Return vs Industry: APPF underperformed the US Software industry which returned 36.8% over the past year.

Return vs Market: APPF underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is APPF's price volatile compared to industry and market?
APPF volatility
APPF Average Weekly Movement4.4%
Software Industry Average Movement7.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: APPF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: APPF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20061,335Jason Randallhttps://www.appfolioinc.com

AppFolio, Inc., together with its subsidiaries, provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry. The company offers AppFolio Property Manager, a property management solution designed to address the operational and business requirements of property management companies and their business ecosystems; and AppFolio Investment Management, a cloud-based software solution for real estate investment managers of various sizes that provide tools and services designed to streamline their real estate investment management businesses. It also provides Value+ services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as artificial intelligence leasing assistant, tenant screening, electronic payment, utility management, maintenance contact center, tenant debt collection, and mailing services.

AppFolio Fundamentals Summary

How do AppFolio's earnings and revenue compare to its market cap?
APPF fundamental statistics
Market CapUS$4.18b
Earnings (TTM)US$1.85m
Revenue (TTM)US$336.20m

2,263x

P/E Ratio

12.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APPF income statement (TTM)
RevenueUS$336.20m
Cost of RevenueUS$134.75m
Gross ProfitUS$201.45m
ExpensesUS$199.60m
EarningsUS$1.85m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.053
Gross Margin59.92%
Net Profit Margin0.55%
Debt/Equity Ratio0%

How did APPF perform over the long term?

See historical performance and comparison

Valuation

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

2263.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APPF ($120.49) is trading above our estimate of fair value ($33.84)

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


Price To Earnings Ratio

PE vs Industry: APPF is poor value based on its PE Ratio (2263.1x) compared to the US Software industry average (44.1x).

PE vs Market: APPF is poor value based on its PE Ratio (2263.1x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: APPF is poor value based on its PEG Ratio (20.6x)


Price to Book Ratio

PB vs Industry: APPF is overvalued based on its PB Ratio (14.3x) compared to the US Software industry average (6.4x).


Future Growth

How is AppFolio forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

110.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APPF's forecast earnings growth (110.1% per year) is above the savings rate (2%).

Earnings vs Market: APPF's earnings (110.1% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APPF's revenue (17.8% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: APPF's revenue (17.8% 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


Past Performance

How has AppFolio performed over the past 5 years?

60.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APPF has a large one-off loss of $3.9M impacting its September 30 2021 financial results.

Growing Profit Margin: APPF's current net profit margins (0.5%) are lower than last year (53.6%).


Past Earnings Growth Analysis

Earnings Trend: APPF has become profitable over the past 5 years, growing earnings by 60.2% per year.

Accelerating Growth: APPF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: APPF had negative earnings growth (-98.9%) over the past year, making it difficult to compare to the Software industry average (20.5%).


Return on Equity

High ROE: APPF's Return on Equity (0.6%) is considered low.


Financial Health

How is AppFolio's financial position?


Financial Position Analysis

Short Term Liabilities: APPF's short term assets ($197.4M) exceed its short term liabilities ($49.2M).

Long Term Liabilities: APPF's short term assets ($197.4M) exceed its long term liabilities ($66.5M).


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


Dividend

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


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.


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 APPF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Jason Randall (48 yo)

4.25yrs

Tenure

US$742,230

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 ($USD742.23K) is below average for companies of similar size in the US market ($USD5.21M).

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


Leadership Team

Experienced Management: APPF's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: APPF's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: APPF insiders have bought and sold the same number of 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
  • Market Cap: US$4.177b
  • Shares outstanding: 34.67m
  • 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 Analysis2021/12/01 00:07
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.