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AppFolio (AppFolio) Intrinsic Value: Projected FCF : $11.78 (As of Apr. 27, 2024)


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What is AppFolio Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-27), AppFolio's Intrinsic Value: Projected FCF is $11.78. The stock price of AppFolio is $242.75. Therefore, AppFolio's Price-to-Intrinsic-Value-Projected-FCF of today is 20.6.

The historical rank and industry rank for AppFolio's Intrinsic Value: Projected FCF or its related term are showing as below:

APPF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 10.32   Med: 14.71   Max: 29.09
Current: 20.61

During the past 11 years, the highest Price-to-Intrinsic-Value-Projected-FCF of AppFolio was 29.09. The lowest was 10.32. And the median was 14.71.

APPF's Price-to-Projected-FCF is ranked worse than
96.99% of 1262 companies
in the Software industry
Industry Median: 1.605 vs APPF: 20.61

AppFolio Intrinsic Value: Projected FCF Historical Data

The historical data trend for AppFolio's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AppFolio Intrinsic Value: Projected FCF Chart

AppFolio Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.78 8.17 9.56 10.21 11.78

AppFolio Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.21 9.32 8.16 10.48 11.78

Competitive Comparison of AppFolio's Intrinsic Value: Projected FCF

For the Software - Application subindustry, AppFolio's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AppFolio's Price-to-Projected-FCF Distribution in the Software Industry

For the Software industry and Technology sector, AppFolio's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where AppFolio's Price-to-Projected-FCF falls into.



AppFolio Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get AppFolio's Free Cash Flow(6 year avg) = $14.88.

AppFolio's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*14.884+297.312*0.8)/38.967
=11.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AppFolio  (NAS:APPF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

AppFolio's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=242.75/11.78087437763
=20.61

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AppFolio Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of AppFolio's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AppFolio (AppFolio) Business Description

Industry
Traded in Other Exchanges
Address
70 Castilian Drive, Santa Barbara, CA, USA, 93117
AppFolio Inc is a provider of cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. Its property management software provides small and medium-sized property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager); a cloud-based software solution for real estate investment managers that provides tools and services designed to manage investor relationships (Appfolio Investment Management). It also offers value-added services, such as Website design and electronic payment services. The business activity of the firm primarily functions through the United States and it derives revenue from the source of subscription fees.
Executives
William Shane Trigg officer: General Manager, Real Estate 50 CASTILIAN DRIVE, GOLETA CA 93117
Matthew S Mazza officer: Chief Legal Officer 50 CASTILIAN DR, SANTA BARBARA CA 93117
Janet Kerr director 50 CASTILIAN DR, GOLETA CA 93117
Alexander Wolf director C/O IGSB, INC., 1483 EAST VALLEY ROAD, SUITE L, SANTA BARBARA CA 93150
Olivia Nottebohm director C/O DROPBOX. INC., 1800 OWENS STREET, SAN FRANCISCO CA 94158
Maurice J Duca 10 percent owner PO BOX 5609, SANTA BARBARA CA 93150
Timothy K Bliss director, 10 percent owner P O BOX 50440, SANTA BARBARA CA 93150
Jonathan Walker director, officer: Chief Technology Officer 50 CASTILIAN DRIVE, GOLETA CA 93117
Appfolio Inc officer: Chief Legal Officer 70 CASTILIAN DRIVE, SANTA BARBARA CA 93117
Jason Robert Randall officer: SVP, AppFolio Property Manager 4942 LA GAMA WAY, SANTA BARBARA CA 93111
Igsb Internal Venture Fund Iii, Llc 10 percent owner P.O. BOX 5609, SANTA BARBARA CA 93150
Rauth William R Iii director, 10 percent owner PO BOX 5609, SANTA BARBARA CA 93150
Fay Sien Goon officer: Chief Financial Officer 2225 LAWSON LANE, SANTA CLARA CA 95054
Ann M Wilson officer: Principal Accounting Officer 1411 E MISSION AVENUE, SPOKANE WA 99202
Ida Kathleen Kane officer: Chief Financial Officer C/O VIMEO, INC., 330 WEST 34TH STREET 5TH FLOOR, NEW YORK NY 10001