APPEN LIMITED (APX)
Share Price Analysis and Chart

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APX - APPEN LIMITED

FNArena Sector : IT & Support
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: -0.55
Index: ALL-ORDS | ALL-TECH

Appen is a software developer providing and improving data for the development of machine learning and artificial intelligence products. It became a listed entity in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.24

20 Nov
2024

-0.350

OPEN

$2.62

-13.51%

HIGH

$2.64

17,561,986

LOW

$2.22

TARGET
$2.50 11.6% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
DTL . FLN . HSN . IRI . OCL . STG . TNE .
FNARENA'S MARKET CONSENSUS FORECASTS
APX: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 125.2 N/A xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 31/08 - ex-div 4.5c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-125.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx411.3 M
Book Value Per Share xxxxxxxxxxxxxxx64.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-34.6 M
Net Profit Margin xxxxxxxxxxxxxxx-43.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-100.44 %
Return on Invested Capital xxxxxxxxxxxxxxx-94.07 %
Return on Assets xxxxxxxxxxxxxxx-58.97 %
Return on Equity xxxxxxxxxxxxxxx-100.44 %
Return on Total Capital xxxxxxxxxxxxxxx-44.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-37.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx14 M
Total Debt xxxxxxxxxxxxxxx18 M
Goodwill - Gross xxxxxxxxxxxxxxx355 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx47 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx29.9 M
Capex % of Sales xxxxxxxxxxxxxxx7.27 %
Cost of Goods Sold xxxxxxxxxxxxxxx446 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx51 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

16/10/2024

2

Upgrade to Accumulate from Lighten

$2.50

11.61%

Appen completed a $50m institutional share placement at $1.92 per share with plans to raise another $5m from retail investors.

The funds will be used to strengthen the balance sheet, Ord Minnett highlights. The company's trading update revealed a rise in revenue of 35% from a year earlier to US$54.1m, which excludes the Google contract with an improvement in gross margin to 41.2% from 33.6%.

Ord Minnett raises EPS forecasts by 17% in FY25 and 45% in FY25 post the raisings, and believes there is evidence of a turnaround in the company's fortunes.

The stock is upgraded to Accumulate from Lighten with a $2.50 target price, up from $1.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents.
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

04/11/2024

1

Speculative Buy

$2.35

4.91%

Canaccord Genuity maintains a Speculative Buy rating on Appen post the recent $50m equity raising.

The company also reported 3Q2024 revenue growth of 35.6% to $54.2m and achieved a higher gross margin of 41%, up from prior quarters.

The broker highlights positive EBITDA was reported for 3Q and cash flow improved with a pro forma cash balance of US$62m.

Management offered updated 2024 guidance showing a 1% revenue increase, and FY25-26 EBITDA forecasts are revised upward. 

Target price lifts to $2.35 from $1.20.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -5.40 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.70 cents.
Access Extra Coverage Research History >

APX STOCK CHART

FNArena News on APX

1
Australian Broker Call *Extra* Edition – Nov 04, 2024

Nov 04 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 18-10-24

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Next Week At A Glance – 21-25 Oct 2024

Oct 18 2024 - Weekly Reports
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Australian Broker Call *Extra* Edition – Sep 05, 2024

Sep 05 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 03-09-2024

Sep 03 2024 - Australia

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