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General information

Country: UNITED STATES

Sector: Software — Application

Categories: @saas   

AppFolio, Inc. provides cloud-based software solutions. The Company offers a cloud-based property management software that allows apartment and residential property managers to market, manage, and grow their business. AppFolio serves customers in the United States.
Website: appfolio.com



Growth: Good revenue growth rate 38.7%, there is acceleration compared to average historical growth rates 26.4%. The revenue growth dynamics is stable Site traffic for the last 3 months showed a change of -15.0%

Profitability: LTM EBITDA margin is positive, +4.5%. On average the margin is improving steadily. Gross margin is high, +64.3%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 80% of quarters (showing a gain of +$0.07 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -0.1% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 200.0% higher than minimum and 0.8% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 3.3x by EV / Sales multiple , the company can be 77.2% overvalued

Insiders: For the last 3 months insiders sold company shares on $18.6 mln (-0.228% of cap.)

Key Financials (Download financials)

Ticker: APPF
Share price, USD:  (-0.4%)246.74
year average price 181.99  


year start price 124.48 2023-03-31

min close price 123.14 2023-04-05

max close price 248.71 2024-03-26

current price 246.74 2024-03-29
Common stocks: 35 812 000

Dividend Yield:  0.0%
FCF Yield LTM: -0.1%
EV / LTM EBITDA: 315.3x
EV / EBITDA annualized: 63.1x
Last revenue growth (y/y):  38.7%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  26.4%
Historical growth of EBITDA:  -7.8%
EV / Sales: 14.2x
Margin (EBITDA LTM / Revenue): 4.5%
Fundamental value created in LTM:
Market Cap ($m): 8 836
Net Debt ($m): -8
EV (Enterprise Value): 8 828
Price to Book: 29.8x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-03-26The Motley Fool

Why AppFolio Stock Jumped on Tuesday

2024-02-02InvestorPlace

Rising Stars: 3 Under-the-Radar Stocks Set for Mind-Blowing Growth in 2024

2024-02-01Zacks Investment Research

Why You Shouldn't Bet Against AppFolio (APPF) Stock

2024-01-26The Motley Fool

Why AppFolio Stock Rocketed to a New All-Time High Today

2024-01-25Seeking Alpha

AppFolio, Inc. (APPF) Q4 2023 Earnings Call Transcript

2024-01-25Zacks Investment Research

AppFolio (APPF) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

2024-01-25Zacks Investment Research

AppFolio (APPF) Q4 Earnings and Revenues Top Estimates

2024-01-19Seeking Alpha

AppFolio's Financial Resilience: Robust Free Cash Flows And Debt-Free Status

2024-01-10Zacks Investment Research

Strength Seen in AppFolio (APPF): Can Its 3.9% Jump Turn into More Strength?

2024-01-04Benzinga

Top 4 Tech Stocks You'll Regret Missing This Quarter - AppFolio (NASDAQ:APPF), Manhattan Associates (NASDAQ:MANH)
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol APPF APPF APPF APPF APPF APPF
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-01 2023-10-27 2023-07-28 2023-04-28 2023-02-09 2022-10-28
acceptedDate 2024-02-01 16:18:12 2023-10-26 19:53:13 2023-07-27 20:12:38 2023-04-27 20:04:05 2023-02-09 16:09:06 2022-10-27 19:59:54
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 172M 165M 147M 136M 124M 125M
costOfRevenue 61M 63M 58M 56M 50M 51M
grossProfit 111M 103M 89M 80M 74M 74M
grossProfitRatio 0.643 0.621 0.607 0.587 0.594 0.595
researchAndDevelopmentExpenses 35M 46M 37M 38M 31M 29M
generalAndAdministrativeExpenses 19M 24M 19M 32M 25M 19M
sellingAndMarketingExpenses 22M 30M 27M 29M 30M 26M
sellingGeneralAndAdministrativeExpenses 41M 54M 46M 61M 54M 45M
otherExpenses 7M -249 000 -54 000 8M 8M 8M
operatingExpenses 82M 103M 90M 106M 94M 82M
costAndExpenses 143M 166M 148M 163M 144M 133M
interestIncome 2M 2M 1M 1M 552 000 374 000
interestExpense 0 0 0 -1M 552 000 374 000
depreciationAndAmortization 6M 3M 7M 8M 8M 13M
ebitda 35M 3M 6M -19M -12M 5M
ebitdaratio 0.202 0.015 0.042 -0.139 -0.095 0.044
operatingIncome 28M -67 000 -679 000 -27M -20M -8M
operatingIncomeRatio 0.164 -0.000 -0.005 -0.195 -0.161 -0.063
totalOtherIncomeExpensesNet 3M 2M -54 000 1M 765 000 5M
incomeBeforeTax 31M 1M 745 000 -25M -19M -3M
incomeBeforeTaxRatio 0.180 0.009 0.005 -0.185 -0.155 -0.026
incomeTaxExpense 661 000 25M 20M 10M 513 000 938 000
netIncome 30M 26M -19M -35M -20M -4M
netIncomeRatio 0.176 0.160 -0.129 -0.258 -0.159 -0.033
eps 0.850 0.740 -0.530 -0.990 -0.560 -0.120
epsdiluted 0.830 0.720 -0.530 -0.990 -0.560 -0.120
weightedAverageShsOut 36M 36M 36M 35M 35M 35M
weightedAverageShsOutDil 37M 36M 36M 35M 35M 35M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol APPF APPF APPF APPF APPF APPF
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-01 2023-10-27 2023-07-28 2023-04-28 2023-02-09 2022-10-28
acceptedDate 2024-02-01 16:18:12 2023-10-26 19:53:13 2023-07-27 20:12:38 2023-04-27 20:04:05 2023-02-09 16:09:06 2022-10-27 19:59:54
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 50M 60M 25M 104M 71M 67M
shortTermInvestments 162M 132M 139M 65M 89M 72M
cashAndShortTermInvestments 212M 192M 164M 169M 160M 139M
netReceivables 21M 20M 20M 17M 17M 15M
inventory 0 1.000 0 0 0 0
otherCurrentAssets 40M 28M 25M 26M 25M 23M
totalCurrentAssets 272M 240M 209M 212M 201M 177M
propertyPlantEquipmentNet 48M 47M 47M 47M 50M 56M
goodwill 56M 56M 56M 56M 56M 56M
intangibleAssets 24M 27M 30M 35M 40M 42M
goodwillAndIntangibleAssets 80M 83M 87M 91M 96M 98M
longTermInvestments 250 000 250 000 0 13M 25M 45M
taxAssets -18M -250 000 0 0 0 0
otherNonCurrentAssets 17M 9M 8M 9M 9M 9M
totalNonCurrentAssets 128M 139M 142M 159M 180M 208M
otherAssets 9M 0 0 0 0 0
totalAssets 409M 379M 351M 371M 381M 385M
accountPayables 1M 1M 2M 740 000 2M 2M
shortTermDebt 4M 3M 0 0 0 0
taxPayables 0 0 13M 0 0 0
deferredRevenue -4M 1 000 000 0 0 0 0
otherCurrentLiabilities 69M 69M 73M 79M 59M 56M
totalCurrentLiabilities 70M 74M 75M 80M 61M 58M
longTermDebt 41M 41M 40M 45M 50M 53M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 0 689 000 11M 5M 4M 54M
totalNonCurrentLiabilities 41M 42M 51M 50M 54M 55M
otherLiabilities 697 000 0 0 0 0 0
capitalLeaseObligations 41M 41M 40M 45M 50M 53M
totalLiabilities 112M 116M 125M 130M 116M 113M
preferredStock 0 0 0 0 0 0
commonStock 4000.000 4000.000 4000.000 4000.000 4000.000 4000.000
retainedEarnings 86M 56M 29M 48M 83M 103M
accumulatedOtherComprehensiveIncomeLoss 99 000 -9000.000 -587 000 -921 000 -2M -3M
othertotalStockholdersEquity 212M 207M 197M 193M 184M 171M
totalStockholdersEquity 298M 263M 226M 241M 266M 272M
totalEquity 298M 263M 226M 241M 266M 272M
totalLiabilitiesAndStockholdersEquity 409M 379M 351M 371M 381M 385M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 409M 379M 351M 371M 381M 385M
totalInvestments 162M 132M 139M 78M 114M 117M
totalDebt 41M 41M 40M 45M 50M 53M
netDebt -8M -19M 15M -59M -21M -14M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol APPF APPF APPF APPF APPF APPF
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-01 2023-10-27 2023-07-28 2023-04-28 2023-02-09 2022-10-28
acceptedDate 2024-02-01 16:18:12 2023-10-26 19:53:13 2023-07-27 20:12:38 2023-04-27 20:04:05 2023-02-09 16:09:06 2022-10-27 19:59:54
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 30M 26M -19M -35M -20M -4M
depreciationAndAmortization 7M 3M 7M 8M 8M 8M
deferredIncomeTax -13M -5000.000 5000.000 4000.000 399 000 158 000
stockBasedCompensation 13M 15M 11M 15M 13M 11M
changeInWorkingCapital -349 000 -327 000 -6M 17M 1M 4M
accountsReceivables -349 000 -327 000 -3M -914 000 -2M 345 000
inventory 0 0 0 0 0 0
accountsPayables -80 000 -496 000 788 000 -2M 945 000 214 000
otherWorkingCapital 80 000 496 000 -4M 20M 2M 4M
otherNonCashItems -6M -8M -2M -3M 2M -4M
netCashProvidedByOperatingActivities 31M 37M -9M 2M 6M 16M
investmentsInPropertyPlantAndEquipment -3M -4M -2M -2M -5M -4M
acquisitionsNet 29M -9M 986 000 629 000 40 000 0
purchasesOfInvestments -87M -35M -72M -1M -9M -25M
salesMaturitiesOfInvestments 58M 45M 12M 39M 12M 33M
otherInvestingActivites -30M 8M -986 000 0 -40 000 5M
netCashUsedForInvestingActivites -33M 4M -63M 36M -1M 9M
debtRepayment 0 0 0 0 0 0
commonStockIssued 410 000 683 000 0 0 0 0
commonStockRepurchased -9M -7M 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 0 0 -7M -5M -1M -8000.000
netCashUsedProvidedByFinancingActivities -8M -6M -7M -5M -1M -8000.000
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash -10M 35M -79M 33M 4M 25M
cashAtEndOfPeriod 50M 60M 25M 104M 71M 67M
cashAtBeginningOfPeriod 60M 25M 104M 71M 67M 43M
operatingCashFlow 31M 37M -9M 2M 6M 16M
capitalExpenditure -3M -4M -2M -2M -5M -4M
freeCashFlow 28M 33M -12M -386 000 1M 12M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-01-25 ET (fiscal 2023 q4)
2023 q3
2023-10-26 ET (fiscal 2023 q3)
2023 q2
2023-07-27 ET (fiscal 2023 q2)
2023 q1
2023-04-27 ET (fiscal 2023 q1)
2022 q4
2023-01-26 ET (fiscal 2022 q4)
2022 q3
2022-10-27 ET (fiscal 2022 q3)
2022 q2
2022-07-28 ET (fiscal 2022 q2)
2022 q1
2022-05-09 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-01-25 21:05 ET
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results
2024-01-11 13:00 ET
AppFolio, Inc. Announces Date of Fourth Quarter and Year End 2023 Financial Results Conference Call
2023-12-07 14:00 ET
AMC Selects AppFolio as Technology Partner to Drive Future Expansion
2023-10-31 20:05 ET
AppFolio, Inc. to Host Investor Meeting on November 14, 2023
2023-10-26 20:05 ET
AppFolio, Inc. Announces Third Quarter Financial Results
2023-10-12 12:00 ET
AppFolio, Inc. Announces Date of Third Quarter 2023 Financial Results Conference Call
2023-09-21 16:00 ET
AppFolio Unveils Realm-X, the Property Management Industry’s First-Ever Generative AI Conversational Interface
2023-08-30 13:00 ET
AppFolio Survey Highlights Shifts in Property Management Employee Productivity and Satisfaction
2023-07-27 20:05 ET
AppFolio, Inc. Announces Second Quarter Financial Results
2023-07-13 12:00 ET
AppFolio, Inc. Announces Date of Second Quarter 2023 Financial Results Conference Call
2023-06-07 13:00 ET
AppFolio Launches Innovative AI Capabilities and Affordable Housing Solution to Empower Property Managers, Enhance Resident Experiences
2023-05-18 13:00 ET
As Rental Market Strengthens, AppFolio Survey Finds Half of Renters Plan to Move This Year in Search of Better Costs and Unit Upgrades
2023-04-27 20:05 ET
AppFolio, Inc. Announces First Quarter Financial Results
2023-04-20 13:00 ET
Evernest Chooses AppFolio to Support Continued Growth
2023-04-13 12:00 ET
AppFolio, Inc. Announces Date of First Quarter 2023 Financial Results Conference Call
2023-03-02 21:20 ET
AppFolio Announces Leadership Transition
2023-02-02 14:00 ET
AppFolio Investment Management Launches AppFolio Alpha™ and Achieves Two Major Milestones
2023-01-26 21:05 ET
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results
2023-01-24 14:00 ET
2023 AppFolio Property Manager Benchmark Report: Growth Outlook Is Positive Among Property Management Organizations Despite Broader Economic Challenges
2023-01-12 13:00 ET
AppFolio, Inc. Announces Date of Fourth Quarter and Year Ended 2022 Financial Results Conference Call
2022-10-27 20:05 ET
AppFolio, Inc. Announces Third Quarter Financial Results
2022-10-14 12:00 ET
AppFolio, Inc. Announces Date of Third Quarter 2022 Financial Results Conference Call
2022-10-13 16:00 ET
AppFolio Accelerates Platform Innovation with New Security Deposit Alternative Solution, Smart Accounting Tools and PropTech Integrations
2022-09-28 20:15 ET
AppFolio, Inc. to Host Investor Meeting on October 12, 2022
2022-07-28 20:05 ET
AppFolio, Inc. Announces Second Quarter Financial Results
2022-07-14 12:00 ET
AppFolio, Inc. Announces Date of Second Quarter 2022 Financial Results Conference Call
2022-06-22 12:00 ET
AppFolio Launches AppFolio Stack™ Marketplace to Modernize Property Management Software Integrations
2022-06-01 13:00 ET
AppFolio Recognized for Achievements in Technology Innovation, Service and Company Culture
2022-05-09 20:05 ET
AppFolio, Inc. Announces First Quarter 2022 Financial Results
2022-04-11 20:15 ET
AppFolio, Inc. Announces Date of First Quarter 2022 Financial Results Conference Call
2022-02-28 21:10 ET
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2021 Financial Results
2022-02-01 21:15 ET
AppFolio, Inc. Announces Date of Fourth Quarter and Year Ended 2021 Financial Results Conference Call
2021-11-08 21:10 ET
AppFolio, Inc. Announces Third Quarter 2021 Financial Results
2021-11-01 20:15 ET
AppFolio, Inc. Announces Date of Third Quarter 2021 Financial Results Conference Call
2021-09-16 20:15 ET
AppFolio Names Fay Sien Goon as Chief Financial Officer
2021-08-09 20:05 ET
AppFolio, Inc. Announces Second Quarter 2021 Financial Results
2021-08-02 20:15 ET
AppFolio, Inc. Announces Date of Second Quarter 2021 Financial Results Conference Call
2021-05-10 20:10 ET
AppFolio, Inc. Announces First Quarter 2021 Financial Results
2021-05-03 20:15 ET
AppFolio, Inc. Announces Date of First Quarter 2021 Financial Results Conference Call
2021-03-01 21:10 ET
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2020 Financial Results
2021-02-22 21:15 ET
AppFolio, Inc. Announces Date of Fourth Quarter and Full Year 2020 Financial Results Release
2020-11-09 21:10 ET
AppFolio, Inc. Announces Third Quarter 2020 Financial Results
2020-11-02 21:10 ET
AppFolio, Inc. Announces Date of Third Quarter 2020 Financial Results Conference Call
2020-09-08 12:40 ET
AppFolio Announces Sale of MyCase to Funds Advised by Apax Partners
2020-08-03 20:30 ET
AppFolio, Inc. Announces Second Quarter 2020 Financial Results
2020-07-27 20:15 ET
AppFolio, Inc. Announces Date of Second Quarter 2020 Financial Results Conference Call
2020-06-10 15:00 ET
AppFolio Leads the Real Estate Industry’s Digital Transformation With the Release of New Capabilities
2020-05-04 20:10 ET
AppFolio, Inc. Announces First Quarter 2020 Financial Results
2020-04-27 20:15 ET
AppFolio, Inc. Announces Date of First Quarter 2020 Financial Results Conference Call
2020-03-02 21:10 ET
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
2020-02-18 21:15 ET
AppFolio, Inc. Announces Date of Fourth Quarter and Fiscal Year 2019 Financial Results Conference Call
2019-12-11 16:00 ET
AppFolio Honored by Glassdoor as a Best Place to Work in 2020
2019-10-28 20:10 ET
AppFolio, Inc. Announces Third Quarter 2019 Financial Results
2019-10-14 20:15 ET
AppFolio, Inc. Announces Date of Third Quarter Fiscal Year 2019 Financial Results Conference Call
2019-04-18 20:15 ET
AppFolio, Inc. Announces Date of First Quarter Fiscal Year 2019 Financial Results Conference Call
2019-02-28 21:10 ET
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2018 Financial Results
2019-02-06 21:15 ET
AppFolio, Inc. Announces Date of Fourth Quarter and Fiscal Year 2018 Financial Results Conference Call

SEC forms

Show financial reports only

SEC form 10
2024-02-01 00:00 ET
Appfolio published news for 2023 q4
SEC form 8
2024-01-25 16:19 ET
Appfolio published news for 2023 q4
SEC form 8
2024-01-25 16:19 ET
Appfolio reported for 2023 q4
SEC form 10
2023-10-27 00:00 ET
Appfolio published news for 2023 q3
SEC form 10
2023-10-26 19:53 ET
Appfolio published news for 2023 q3
SEC form 8
2023-10-26 16:11 ET
Appfolio reported for 2023 q3
SEC form 10
2023-07-28 00:00 ET
Appfolio published news for 2023 q2
SEC form 10
2023-07-27 20:12 ET
Appfolio published news for 2023 q2
SEC form 6
2023-07-27 16:15 ET
Appfolio reported for 2023 q2
SEC form 8
2023-07-27 00:00 ET
Appfolio published news for 2023 q2
SEC form 6
2023-06-21 16:34 ET
Appfolio published news for 2023 q1
SEC form 6
2023-06-01 16:30 ET
Appfolio published news for 2023 q1
SEC form 10
2023-04-28 00:00 ET
Appfolio published news for 2023 q1
SEC form 8
2023-04-27 00:00 ET
Appfolio published news for 2023 q1
SEC form 10
2023-02-09 00:00 ET
Appfolio reported for 2022 q4
SEC form 8
2023-01-26 00:00 ET
Appfolio reported for 2022 q4
SEC form 10
2022-10-28 00:00 ET
Appfolio reported for 2022 q3
SEC form 8
2022-10-27 00:00 ET
Appfolio reported for 2022 q3
SEC form 10
2022-07-29 00:00 ET
Appfolio reported for 2022 q2
SEC form 8
2022-07-28 00:00 ET
Appfolio reported for 2022 q2
SEC form 8
2022-05-09 00:00 ET
Appfolio reported for 2022 q1
SEC form 10
2022-05-09 00:00 ET
Appfolio reported for 2022 q1
SEC form 8
2022-02-28 00:00 ET
Appfolio published news for 2021 q4
SEC form 10
2022-02-28 00:00 ET
Appfolio published news for 2021 q4
SEC form 10
2021-11-08 00:00 ET
Appfolio published news for 2021 q3
SEC form 8
2021-11-08 00:00 ET
Appfolio published news for 2021 q3
SEC form 10
2021-08-09 00:00 ET
Appfolio published news for 2021 q2
SEC form 8
2021-08-09 00:00 ET
Appfolio published news for 2021 q2
SEC form 8
2021-05-10 00:00 ET
Appfolio published news for 2021 q1
SEC form 10
2021-05-10 00:00 ET
Appfolio published news for 2021 q1