APPF Stock Analysis: Appfolio | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 6.935m USD | 12M Return: -17.8% | US03783C1009 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 56.1M
EPS Trend: 82.7%
Qual. Beats: 0
Rev. Trend: 99.3%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.2 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 cloud-based software provider serving the U.S. real estate industry. The company offers a platform with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication tools designed for property managers, property investors, residents, and vendors. Its tiered product suite includes AppFolio Property Manager Core, Plus, and Max, which scale in functionality from basic accounting for small property managers to advanced features such as affordable and student housing support, analytics, CRM tools, and full read/write API access. AppFolio also generates revenue through value-added services like electronic payments, tenant screening, maintenance coordination, and risk mitigation.
Founded in 2006 and headquartered in Santa Barbara, California, AppFolio operates in the Application Software sub-industry, a segment driven by recurring subscription revenue and the broader shift of business operations to SaaS delivery models.
- Property manager customer additions accelerate units under management growth
- Affordable housing demand drives Property Manager Plus revenue expansion
- Competition from Yardi and Buildium pressures market share and pricing
| 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 October 08, 2026, the stock is trading at USD 196.97 with a total of 542,059 shares traded. Over the past week, the price has changed by -1.77%, over one month by -4.39%, over three months by +9.78% and over the past year by -17.76%.
Current recommended Stop Loss: 182.90 (which is 7.1% or 1.8 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 | 236 | 19.8% |
P/E Trailing = 44.6059
P/E Forward = 128.2051
P/S = 6.663
P/B = 13.8264
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 = 6.75b USD (6.94b + Debt 35.8m - CCE 221.7m)
Interest Coverage Ratio = unknown (Ebit TTM 186.1m / Interest Expense TTM 0.0)
EV/FCF = 25.08x (Enterprise Value 6.75b / FCF TTM 269.1m)
FCF Yield = 3.99% (FCF TTM 269.1m / Enterprise Value 6.75b)
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 = 10.41 (Enterprise Value 6.75b / 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 = 6.78% (E(6.94b)/V(6.97b) * Re(6.81%) + D(35.8m)/V(6.97b) * Rd(0.0%) * (1-Tc(0.17)))
Discount Rate = 6.81% (= 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=1.79 | Chg30d=+0.53% | Revisions=+30% | Analysts=7
EPS current Year (2026-12-31): EPS=6.90 | Chg30d=+0.02% | Revisions=+50% | GrowthEPS=+30.4% | GrowthRev=+18.2%
EPS next Year (2027-12-31): EPS=8.43 | Chg30d=+0.12% | Revisions=+30% | GrowthEPS=+22.2% | GrowthRev=+17.4%
[Analyst] Revisions Ratio: +46% (up=16, down=5)