AppFolio Inc. provides products and solutions including, cloud-based property management software and cloud-based legal practice management software. The company was founded in 2006 and is based in Goleta, California.
APPF Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for APPF, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Appfolio Inc ranked in the 5th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for APPF, they are:
The business' balance sheet suggests that 2% of the company's capital is sourced from debt; this is greater than only 8.53% of the free cash flow producing stocks we're observing.
As a business, Appfolio Inc experienced a tax rate of about 154% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 97.49% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
DOCU, GLW, SMTX, TDC, and WDC can be thought of as valuation peers to APPF, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
AppFolio, Inc. (APPF), a leading provider of industry-specific, cloud-based software solutions, services, and data analytics to the real estate and legal markets, has expanded AppFolio Property Manager and AppFolio Property Manager PLUS product capabilities in light of the evolving needs of their customers, given the unique challenges brought on by the COVID-19 crisis. The current disruption stemming from COVID-19 has accelerated the need for digital transformation in the real estate industry. AppFolio users were poised to adapt quickly to the rapidly changing environment, maintaining business continuity, and continuing to serve their many customers in these difficult times.
GAAP net income was $2 million, or $0.06 per diluted share during the quarter, compared to GAAP net income of $3.7 million, or $0.11 per diluted share in the first quarter of last year. Property manager clients increased 10%, and property manager units under management increased 18%. The increase translates to 14,729 real estate property manager clients managing 4.8 million units in their portfolios at the end of the first quarter 2020, compared to 13,409 customers and 4.08 million units under management year over year.
Since it's not a consumer-facing company, it's not widely known, and its name doesn't even help you understand that it provides software for property managers and legal firms to manage their businesses. Its property management software makes up over 90% of the top line and covers all aspects of the rental life cycle. It's grown its property management customers by 43% over the last three years.