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....
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AppFolio: GAAP Profitable And Growing At High 20s% CAGR