APPF Stock Analysis: Appfolio | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 6.043m USD | 12M Return: -27.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 60.9M
EPS Trend: 83.6%
Qual. Beats: 2
Rev. Trend: 99.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 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: 152.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.40 > 0.02 and ΔFCF/TA 8.43 > 1.0 |
| NWC/Revenue: 18.34% < 20% (prev 25.88%; Δ -7.54% < -1%) |
| CFO/TA 0.41 > 3% & CFO 237.9m > Net Income 152.0m |
| Net Debt (-114.7m) to EBITDA (199.9m): -0.57 < 3 |
| Current Ratio: 3.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.8m) vs 12m ago -2.28% < -2% |
| Gross Margin: 63.24% > 18% (prev 62.77%; Δ 0.46% > 0.5%) |
| Asset Turnover: 173.8% > 50% (prev 146.0%; Δ 27.82% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.31 (Total Current Assets 254.9m - Total Current Liabilities 72.4m) / Total Assets 580.6m |
| B: 0.82 (Retained Earnings 473.4m / Total Assets 580.6m) |
| C: 0.31 (EBIT TTM 177.4m / Avg Total Assets 572.6m) |
| D: 4.26 (Book Value of Equity 470.2m / Total Liabilities 110.3m) |
| Altman-Z'' = 11.28 = AAA |
| DSRI: 1.85 (Receivables 61.3m/27.5m, Revenue 995.3m/824.5m) |
| GMI: 0.99 (GM 62.77% / 63.24%) |
| AQI: 1.11 (AQ_t 0.50 / AQ_t-1 0.45) |
| SGI: 1.21 (Revenue 995.3m / 824.5m) |
| TATA: -0.15 (NI 152.0m - CFO 237.9m) / TA 580.6m) |
| Beneish M = -2.14 (Cap -4..+1) = BB |
As of July 09, 2026, the stock is trading at USD 176.48 with a total of 320,360 shares traded. Over the past week, the price has changed by +10.06%, over one month by +7.02%, over three months by +14.11% and over the past year by -27.38%.
Current recommended Stop Loss: 157.70 (which is 10.6% or 2.4 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 | 224.3 | 27.1% |
P/E Trailing = 40.6905
P/E Forward = 128.2051
P/S = 6.0711
P/B = 12.8507
P/EG = 7.4481
Revenue TTM = 995.3m USD
EBIT TTM = 177.4m USD
EBITDA TTM = 199.9m USD
Long Term Debt = 32.0m USD (estimated: total debt 37.0m - short term 5.00m)
Short Term Debt = 5.00m USD (from shortTermDebt, last quarter)
Debt = 37.0m USD (from shortLongTermDebtTotal, last quarter) (leases 37.0m already included)
Net Debt = -114.7m USD (calculated: Debt 37.0m - CCE 151.7m)
Enterprise Value = 5.93b USD (6.04b + Debt 37.0m - CCE 151.7m)
Interest Coverage Ratio = unknown (Ebit TTM 177.4m / Interest Expense TTM 0.0)
EV/FCF = 25.35x (Enterprise Value 5.93b / FCF TTM 233.8m)
FCF Yield = 3.94% (FCF TTM 233.8m / Enterprise Value 5.93b)
FCF Margin = 23.49% (FCF TTM 233.8m / Revenue TTM 995.3m)
Net Margin = 15.27% (Net Income TTM 152.0m / Revenue TTM 995.3m)
Gross Margin = 63.24% ((Revenue TTM 995.3m - Cost of Revenue TTM 365.9m) / Revenue TTM)
Gross Margin QoQ = 63.78% (prev 61.46%)
Tobins Q-Ratio = 10.21 (Enterprise Value 5.93b / Total Assets 580.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 37.0m)
Taxrate = 14.35% (25.5m / 177.4m)
NOPAT = 152.0m (EBIT 177.4m * (1 - 14.35%))
Current Ratio = 3.52 (Total Current Assets 254.9m / Total Current Liabilities 72.4m)
Debt / Equity = 0.08 (Debt 37.0m / totalStockholderEquity, last quarter 470.2m)
Debt / EBITDA = -0.57 (Net Debt -114.7m / EBITDA 199.9m)
Debt / FCF = -0.49 (Net Debt -114.7m / FCF TTM 233.8m)
Total Stockholder Equity = 491.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 26.54% (Net Income 152.0m / Total Assets 580.6m)
RoE = 30.90% (Net Income TTM 152.0m / Total Stockholder Equity 491.8m)
RoCE = 33.87% (EBIT 177.4m / Capital Employed (Equity 491.8m + L.T.Debt 32.0m))
RoIC = 32.79% (NOPAT 152.0m / Invested Capital 463.4m)
WACC = 7.41% (E(6.04b)/V(6.08b) * Re(7.46%) + D(37.0m)/V(6.08b) * Rd(0.0%) * (1-Tc(0.14)))
Discount Rate = 7.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -46.67 | Cagr: -0.96%
[DCF] Terminal Value 77.97% ; FCFF base≈212.3m ; Y1≈243.3m ; Y5≈358.1m
[DCF] Fair Price = 229.0 (EV 5.39b - Net Debt -114.7m = Equity 5.50b / Shares 24.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 83.61 | EPS CAGR: 134.3% | SUE: 1.07 | # QB: 2
Revenue Correlation: 99.10 | Revenue CAGR: 24.71% | SUE: 1.17 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.69 | Chg30d=+0.00% | Revisions=+30% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.78 | Chg30d=+0.00% | Revisions=+30% | Analysts=7
EPS current Year (2026-12-31): EPS=6.81 | Chg30d=+0.00% | Revisions=+70% | GrowthEPS=+28.6% | GrowthRev=+17.8%
EPS next Year (2027-12-31): EPS=8.23 | Chg30d=+0.00% | Revisions=+70% | GrowthEPS=+20.9% | GrowthRev=+16.8%
[Analyst] Revisions Ratio: +65% (up=24, down=4)