NasdaqGM:APPN

Stock Analysis Report

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Market Cap

US$8.0b

Last Updated

2021/08/03 23:30 UTC

Data Sources

Company Financials +

Executive Summary

Appian Corporation provides low-code automation platform in the United States and internationally. More Details


Snowflake Analysis

Excellent balance sheet with concerning outlook.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: APPN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: APPN's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-1.4%

APPN

1.1%

US Software

0.9%

US Market


1 Year Return

115.8%

APPN

35.5%

US Software

34.7%

US Market

Return vs Industry: APPN exceeded the US Software industry which returned 33.6% over the past year.

Return vs Market: APPN exceeded the US Market which returned 34.4% over the past year.


Shareholder returns

APPNIndustryMarket
7 Day-1.4%1.1%0.9%
30 Day-15.6%2.5%0.2%
90 Day10.7%17.0%4.7%
1 Year115.8%115.8%36.2%35.5%36.8%34.7%
3 Year256.5%256.5%143.6%137.0%62.5%52.4%
5 Yearn/a355.0%331.4%123.1%98.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: APPN ($113.27) is trading above our estimate of fair value ($65.33)

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


Price To Earnings Ratio

PE vs Industry: APPN is unprofitable, so we can't compare its PE Ratio to the US Software industry average.

PE vs Market: APPN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APPN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APPN is overvalued based on its PB Ratio (27.1x) compared to the US Software industry average (6.8x).


Future Growth

How is Appian forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

33.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APPN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: APPN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: APPN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: APPN's revenue (18.3% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: APPN's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APPN is forecast to be unprofitable in 3 years.


Past Performance

How has Appian performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APPN is currently unprofitable.

Growing Profit Margin: APPN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: APPN is unprofitable, and losses have increased over the past 5 years at a rate of 14.3% per year.

Accelerating Growth: Unable to compare APPN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APPN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (34.2%).


Return on Equity

High ROE: APPN has a negative Return on Equity (-11.98%), as it is currently unprofitable.


Financial Health

How is Appian's financial position?


Financial Position Analysis

Short Term Liabilities: APPN's short term assets ($367.4M) exceed its short term liabilities ($147.0M).

Long Term Liabilities: APPN's short term assets ($367.4M) exceed its long term liabilities ($58.1M).


Debt to Equity History and Analysis

Debt Level: APPN is debt free.

Reducing Debt: APPN has no debt compared to 5 years ago when its debt to equity ratio was 743.4%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: APPN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if APPN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate APPN'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 APPN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if APPN'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 APPN'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?

5.9yrs

Average management tenure


CEO

Matt Calkins (48 yo)

22yrs

Tenure

US$808,958

Compensation

Mr. Matthew W. Calkins, also known as Matt, has been the Chief Executive Officer and President of Appian Corporation since August 1999. Mr. Calkins co-founded Appian Corporation in August 1999 and has been...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD808.96K) is below average for companies of similar size in the US market ($USD6.51M).

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


Leadership Team

Experienced Management: APPN's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: APPN's board of directors are seasoned and experienced ( 13.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Appian Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Appian Corporation
  • Ticker: APPN
  • Exchange: NasdaqGM
  • Founded: 1999
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$8.022b
  • Shares outstanding: 70.85m
  • Website: https://www.appian.com

Number of Employees


Location

  • Appian Corporation
  • 7950 Jones Branch Drive
  • Mclean
  • Virginia
  • 22102
  • United States

Listings


Biography

Appian Corporation provides low-code automation platform in the United States and internationally. The company’s platform automates the creation of forms, workflows, data structures, reports, and other sof...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/03 23:30
End of Day Share Price2021/08/03 00:00
Earnings2021/03/31
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.