(APPF) Appfolio - Overview
Stock: Platform, Software, Services, Tools
| Risk 5d forecast | |
|---|---|
| Volatility | 42.9% |
| Relative Tail Risk | -15.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.40 |
| Alpha | -35.70 |
| Character TTM | |
|---|---|
| Beta | 0.826 |
| Beta Downside | 0.377 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.79% |
| CAGR/Max DD | 0.29 |
Description: APPF Appfolio January 06, 2026
AppFolio, Inc. (NASDAQ: APPF) delivers a cloud-based SaaS platform that supports U.S. real-estate operators across leasing, maintenance, accounting, and ancillary business-critical functions, now augmented with generative AI to automate queries and routine workflows.
The product suite includes four tiers: Property Manager Core (core record-keeping and operations), Property Manager Plus (advanced accounting, student-housing tools, and custom fields), Property Manager Max (CRM, full API access, and extensive customization), and Investment Manager (investment- and asset-management capabilities). Value-added services such as electronic payments, tenant screening, and risk-mitigation further embed the platform into a property manager’s workflow.
From a financial standpoint, APPF reported FY 2023 revenue of approximately $1.1 billion, with subscription revenue representing roughly 80 % of total sales and a year-over-year ARR growth rate near 20 %. The company’s net dollar retention exceeds 115 %, indicating strong upsell potential, while its churn rate hovers around 5 %-both favorable relative to the broader application-software sub-industry.
Key macro drivers include sustained demand for multifamily housing, tighter labor markets that push property owners toward automation, and a broader digital-transformation trend in real-estate services. Conversely, rising interest rates could temper new leasing activity, potentially slowing new-customer acquisition for SaaS providers.
For a deeper quantitative comparison of APPF’s valuation metrics, you might explore the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 140.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.35 > 0.02 and ΔFCF/TA 5.50 > 1.0 |
| NWC/Revenue: 35.08% < 20% (prev 34.26%; Δ 0.81% < -1%) |
| CFO/TA 0.35 > 3% & CFO 242.1m > Net Income 140.9m |
| Net Debt (-73.7m) to EBITDA (180.3m): -0.41 < 3 |
| Current Ratio: 3.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.2m) vs 12m ago -1.58% < -2% |
| Gross Margin: 50.85% > 18% (prev 0.63%; Δ 5022 % > 0.5%) |
| Asset Turnover: 106.8% > 50% (prev 126.7%; Δ -19.92% > 0%) |
| Interest Coverage Ratio: -35.09 > 6 (EBITDA TTM 180.3m / Interest Expense TTM -4.46m) |
Altman Z'' 9.69
| A: 0.36 (Total Current Assets 353.3m - Total Current Liabilities 106.8m) / Total Assets 689.0m |
| B: 0.57 (Retained Earnings 391.1m / Total Assets 689.0m) |
| C: 0.24 (EBIT TTM 156.6m / Avg Total Assets 657.8m) |
| D: 3.71 (Book Value of Equity 542.6m / Total Liabilities 146.4m) |
| Altman-Z'' Score: 9.69 = AAA |
Beneish M -2.42
| DSRI: 1.71 (Receivables 36.9m/24.3m, Revenue 702.6m/794.2m) |
| GMI: 1.23 (GM 50.85% / 62.57%) |
| AQI: 1.08 (AQ_t 0.43 / AQ_t-1 0.40) |
| SGI: 0.88 (Revenue 702.6m / 794.2m) |
| TATA: -0.15 (NI 140.9m - CFO 242.1m) / TA 689.0m) |
| Beneish M-Score: -2.42 (Cap -4..+1) = BBB |
What is the price of APPF shares?
Over the past week, the price has changed by -5.35%, over one month by -23.46%, over three months by -28.19% and over the past year by -20.67%.
Is APPF a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 2
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the APPF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 270.8 | 50.7% |
| Analysts Target Price | 270.8 | 50.7% |
| ValueRay Target Price | 174.7 | -2.8% |
APPF Fundamental Data Overview February 03, 2026
P/S = 7.1735
P/B = 12.567
P/EG = 5.3
Revenue TTM = 702.6m USD
EBIT TTM = 156.6m USD
EBITDA TTM = 180.3m USD
Long Term Debt = unknown (none)
Short Term Debt = 4.71m USD (from shortTermDebt, two quarters ago)
Debt = 33.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -73.7m USD (from netDebt column, last quarter)
Enterprise Value = 6.60b USD (6.82b + Debt 33.3m - CCE 251.2m)
Interest Coverage Ratio = -35.09 (Ebit TTM 156.6m / Interest Expense TTM -4.46m)
EV/FCF = 27.74x (Enterprise Value 6.60b / FCF TTM 238.0m)
FCF Yield = 3.60% (FCF TTM 238.0m / Enterprise Value 6.60b)
FCF Margin = 33.87% (FCF TTM 238.0m / Revenue TTM 702.6m)
Net Margin = 20.06% (Net Income TTM 140.9m / Revenue TTM 702.6m)
Gross Margin = 50.85% ((Revenue TTM 702.6m - Cost of Revenue TTM 345.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 63.31%)
Tobins Q-Ratio = 9.58 (Enterprise Value 6.60b / Total Assets 689.0m)
Interest Expense / Debt = 4.44% (Interest Expense 1.48m / Debt 33.3m)
Taxrate = 12.51% (5.71m / 45.6m)
NOPAT = 137.1m (EBIT 156.6m * (1 - 12.51%))
Current Ratio = 3.31 (Total Current Assets 353.3m / Total Current Liabilities 106.8m)
Debt / Equity = 0.06 (Debt 33.3m / totalStockholderEquity, last quarter 542.6m)
Debt / EBITDA = -0.41 (Net Debt -73.7m / EBITDA 180.3m)
Debt / FCF = -0.31 (Net Debt -73.7m / FCF TTM 238.0m)
Total Stockholder Equity = 489.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 21.42% (Net Income 140.9m / Total Assets 689.0m)
RoE = 28.77% (Net Income TTM 140.9m / Total Stockholder Equity 489.8m)
RoCE = 26.91% (EBIT 156.6m / Capital Employed (Total Assets 689.0m - Current Liab 106.8m))
RoIC = 29.02% (NOPAT 137.1m / Invested Capital 472.2m)
WACC = 8.94% (E(6.82b)/V(6.85b) * Re(8.96%) + D(33.3m)/V(6.85b) * Rd(4.44%) * (1-Tc(0.13)))
Discount Rate = 8.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.54%
[DCF Debug] Terminal Value 78.28% ; FCFF base≈215.6m ; Y1≈266.0m ; Y5≈453.0m
Fair Price DCF = 281.9 (EV 6.43b - Net Debt -73.7m = Equity 6.50b / Shares 23.1m; r=8.94% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 93.28 | EPS CAGR: 115.4% | SUE: 0.60 | # QB: 0
Revenue Correlation: 98.94 | Revenue CAGR: 27.93% | SUE: 1.02 | # QB: 2
EPS next Quarter (2026-03-31): EPS=1.47 | Chg30d=+0.038 | Revisions Net=+1 | Analysts=7
EPS current Year (2026-12-31): EPS=6.56 | Chg30d=+0.154 | Revisions Net=+1 | Growth EPS=+24.0% | Growth Revenue=+17.3%
EPS next Year (2027-12-31): EPS=7.96 | Chg30d=-0.091 | Revisions Net=+2 | Growth EPS=+21.3% | Growth Revenue=+16.6%