APPF Stock Analysis: Appfolio | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 7.233m USD | 12M Return: -20.3% | US03783C1009 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 83.9M
EPS Trend: 82.7%
Qual. Beats: 0
Rev. Trend: 99.3%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
AppFolio, Inc. (NASDAQ: APPF) is a U.S.-based software company that provides a cloud-based platform designed specifically for the real estate industry, supporting functions such as accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication. Its offerings are organized into three product tiers - AppFolio Property Manager Core (entry-level accounting for small managers), Plus (affordable and student housing with advanced analytics), and Max (CRM and full API access) - supplemented by value-added services including electronic payments, tenant screening, and risk mitigation. The company serves property managers, investors, residents, and vendors, and is headquartered in Santa Barbara, California, having been incorporated in 2006.
The business operates as a vertical SaaS provider, meaning its software is purpose-built for a single industry - property management - rather than offering generic tools. This vertical focus typically allows the platform to function as a system of record and workflow hub for customers, generating recurring subscription revenue while integrating complementary services such as payments and screening that deepen customer reliance on the platform.
- Housing downturn pressures property manager customer demand and churn
- Property Manager Max tier drives ARPU expansion and margin lift
- Affordable and student housing segment accelerates new customer growth
| Net Income: 157.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.42 > 0.02 and ΔFCF/TA 9.29 > 1.0 |
| NWC/Revenue: 23.09% < 20% (prev 15.02%; Δ 8.07% < -1%) |
| CFO/TA 0.42 > 3% & CFO 272.9m > Net Income 157.5m |
| Net Debt (-185.9m) to EBITDA (207.2m): -0.90 < 3 |
| Current Ratio: 3.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.6m) vs 12m ago -1.57% < -2% |
| Gross Margin: 63.04% > 18% (prev 63.31%; Δ -0.27% > 0.5%) |
| Asset Turnover: 171.2% > 50% (prev 152.0%; Δ 19.19% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.37 (Total Current Assets 325.2m - Total Current Liabilities 84.9m) / Total Assets 648.4m |
| B: 0.79 (Retained Earnings 514.9m / Total Assets 648.4m) |
| C: 0.31 (EBIT TTM 186.1m / Avg Total Assets 607.9m) |
| D: 4.30 (Book Value of Equity 526.1m / Total Liabilities 122.2m) |
| Altman-Z'' = 11.60 = AAA |
| DSRI: 1.59 (Receivables 62.6m/32.5m, Revenue 1.04b/862.7m) |
| GMI: 1.00 (GM 63.31% / 63.04%) |
| AQI: 0.76 (AQ_t 0.44 / AQ_t-1 0.58) |
| SGI: 1.21 (Revenue 1.04b / 862.7m) |
| TATA: -0.18 (NI 157.5m - CFO 272.9m) / TA 648.4m) |
| Beneish M = -2.55 (Cap -4..+1) = A |
As of August 20, 2026, the stock is trading at USD 215.22 with a total of 445,072 shares traded. Over the past week, the price has changed by +9.38%, over one month by +20.17%, over three months by +34.66% and over the past year by -20.27%.
Current recommended Stop Loss: 200.10 (which is 7% or 1.6 ATR below the current price).
Appfolio has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy APPF.
- StrongBuy: 3
- Buy: 2
- Hold: 2
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 225.1 | 4.6% |
P/E Trailing = 46.5171
P/E Forward = 128.2051
P/S = 6.9484
P/B = 13.7396
P/EG = 7.4481
Revenue TTM = 1.04b USD
EBIT TTM = 186.1m USD
EBITDA TTM = 207.2m USD
Long Term Debt = 30.7m USD (estimated: total debt 35.8m - short term 5.12m)
Short Term Debt = 5.12m USD (from shortTermDebt, last quarter)
Debt = 35.8m USD (from shortLongTermDebtTotal, last quarter) (leases 35.8m already included)
Net Debt = -185.9m USD (calculated: Debt 35.8m - CCE 221.7m)
Enterprise Value = 7.05b USD (7.23b + Debt 35.8m - CCE 221.7m)
Interest Coverage Ratio = unknown (Ebit TTM 186.1m / Interest Expense TTM 0.0)
EV/FCF = 26.19x (Enterprise Value 7.05b / FCF TTM 269.1m)
FCF Yield = 3.82% (FCF TTM 269.1m / Enterprise Value 7.05b)
FCF Margin = 25.85% (FCF TTM 269.1m / Revenue TTM 1.04b)
Net Margin = 15.13% (Net Income TTM 157.5m / Revenue TTM 1.04b)
Gross Margin = 63.04% ((Revenue TTM 1.04b - Cost of Revenue TTM 384.7m) / Revenue TTM)
Gross Margin QoQ = 63.51% (prev 63.78%)
Tobins Q-Ratio = 10.87 (Enterprise Value 7.05b / Total Assets 648.4m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 35.8m)
Taxrate = 17.03% (32.3m / 189.9m)
NOPAT = 154.4m (EBIT 186.1m * (1 - 17.03%))
Current Ratio = 3.83 (Total Current Assets 325.2m / Total Current Liabilities 84.9m)
Debt / Equity = 0.07 (Debt 35.8m / totalStockholderEquity, last quarter 526.1m)
Debt / EBITDA = -0.90 (Net Debt -185.9m / EBITDA 207.2m)
Debt / FCF = -0.69 (Net Debt -185.9m / FCF TTM 269.1m)
Total Stockholder Equity = 509.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 25.91% (Net Income 157.5m / Total Assets 648.4m)
RoE = 30.92% (Net Income TTM 157.5m / Total Stockholder Equity 509.5m)
RoCE = 34.45% (EBIT 186.1m / Capital Employed (Equity 509.5m + L.T.Debt 30.7m))
RoIC = 29.89% (NOPAT 154.4m / Invested Capital 516.6m)
WACC = 7.02% (E(7.23b)/V(7.27b) * Re(7.05%) + D(35.8m)/V(7.27b) * Rd(0.0%) * (1-Tc(0.17)))
Discount Rate = 7.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.37 | Cagr: -1.27%
[DCF] Terminal Value 77.97% ; FCFF base≈234.6m ; Y1≈268.9m ; Y5≈395.7m
[DCF] Fair Price = 255.0 (EV 5.96b - Net Debt -185.9m = Equity 6.14b / Shares 24.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 82.72 | EPS CAGR: 72.25% | SUE: -0.08 | # QB: 0
Revenue Correlation: 99.28 | Revenue CAGR: 23.00% | SUE: 1.26 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.78 | Chg30d=-0.09% | Revisions=+30% | Analysts=8
EPS current Year (2026-12-31): EPS=6.90 | Chg30d=+1.34% | Revisions=+50% | GrowthEPS=+30.4% | GrowthRev=+18.1%
EPS next Year (2027-12-31): EPS=8.42 | Chg30d=+2.38% | Revisions=+30% | GrowthEPS=+22.1% | GrowthRev=+17.2%
[Analyst] Revisions Ratio: +46% (up=16, down=5)