APPF - AppFolio: GAAP Profitable And Growing At High 20s% CAGR
2024-02-21 06:16:34 ET
Summary
- AppFolio, a debt-free real estate technology firm, is impressively priced with clean GAAP profits and a promising outlook for non-GAAP operating profits reaching $200 million in the next twelve months.
- AppFolio's Q4 performance showcased a substantial improvement in non-GAAP operating income margins to 24.3%, reflecting its ability to achieve mid-10s% GAAP profitability while maintaining premium growth.
- With a valuation at approximately 42x forward non-GAAP operating profits, coupled with a robust 28% CAGR on the top line, AppFolio stock presents a compelling investment opportunity in the real estate.
Investment Thesis
AppFolio ( APPF ) is a real estate technology firm, offering inventive solutions for property management. The company aids property managers in simplifying tasks, fostering communication, and elevating overall efficiency in the management of rental properties....
AppFolio: GAAP Profitable And Growing At High 20s% CAGR