SKU: APPF Category:


This is our first report on AppFolio, Inc, a well-known provider industry-specific cloud-based business software solutions, services, and data analytics for the real estate and legal markets. Our investment thesis for the company centers around their solid financial performance and growth potential, particularly in the real estate industry. The company’s revenue growth of 32% year-overyear to $165 million in the third quarter of 2023 showcases their robust financial position. Moreover, the firm’s demonstrated ability to improve margins, with non-GAAP operating margin scaling to 16% and a non-GAAP free cash flow margin of 20%, reflects their disciplined operation.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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