AppFolio, Inc. (APPF) vs Nice (NICE)

AppFolio, Inc. and Nice are both Software Application companies. AppFolio, Inc. and Nice are of similar size ($7.2B and $6.6B). Nice trades at the lower P/E: 16.2× against 46.3×. AppFolio, Inc. grew revenue faster over the last twelve months: 20.7% against 8.14%. AppFolio, Inc. has the higher net margin (15.1% vs 13.9%) and the higher return on invested capital (37.4% vs 10.4%). Across the 21 metrics below, Nice leads on 12 and AppFolio, Inc. on 9.

Valuation

Metric APPF NICE Software Application median
P/E 46.31 16.18 24.79
P/S 6.94 2.16 2.67
P/B 13.74 1.71 3.01
Price to free cash flow 28.92 11.79 16.59
EV/EBITDA 32.43 8.88 14.40
EV/Sales 6.77 2.34 2.62
Earnings yield 2.16% 6.18% 0.00%
Free cash flow yield 3.46% 8.48% 1.91%

Profitability

Metric APPF NICE Software Application median
Gross margin 63.53% 65.12% 67.03%
Operating margin 17.52% 18.50% 0.00%
Net margin 15.13% 13.86% 0.00%
Free cash flow margin 25.51% 18.29% 4.32%
Return on equity 32.09% 0.00% 0.00%
Return on assets 25.91% 8.16% 0.00%
Return on invested capital 37.43% 10.37% 0.00%

Growth

Metric APPF NICE Software Application median
Revenue growth (TTM) 20.66% 8.14% 12.40%
EPS growth (last fiscal year) (30.09%) 43.05% —
Revenue growth, 5-year CAGR 25.12% 12.31% 13.72%
Net income growth, 5-year CAGR (2.31%) 25.53% 0.00%

Health

Metric APPF NICE Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 3.83 1.33 1.55
Net debt to EBITDA (1.33) (0.49) 0.06

Dividend

Metric APPF NICE Software Application median
Dividend yield — 0.01% 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric APPF NICE Software Application median
Market cap 7.24b 6.64b 396.11m

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