APPEN LIMITED (APX)
Share Price Analysis and Chart

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APX

APX - APPEN LIMITED

FNArena Sector : IT & Support
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: 4.54
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

$1.145

24 Mar
2025

0.025

OPEN

$1.14

2.23%

HIGH

$1.17

8,388,562

LOW

$1.10

TARGET
$2.50 118.3% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 13.3 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-13.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx355.2 M
Book Value Per Share xxxxxxxxxxxxxxx70.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-1.0 M
Net Profit Margin xxxxxxxxxxxxxxx-8.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-18.92 %
Return on Invested Capital xxxxxxxxxxxxxxx-17.52 %
Return on Assets xxxxxxxxxxxxxxx-12.06 %
Return on Equity xxxxxxxxxxxxxxx-18.92 %
Return on Total Capital xxxxxxxxxxxxxxx-17.62 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx18 M
Goodwill - Gross xxxxxxxxxxxxxxx391 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx89 M
Price To Book Value xxxxxxxxxxxxxxx3.73

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx19.5 M
Capex % of Sales xxxxxxxxxxxxxxx5.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx344 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx43 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

1.0

No. Of Recommendations

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

Ord Minnett

04/02/2025

1

Upgrade to Buy from Accumulate

$2.50

118.34%

Ord Minnett upgrades Appen to Buy from Accumulate with a higher target price of $3.30 from $2.80.

The broker believes the sell-off in the company's share price on the day of the December quarter update, which was viewed as "robust," had more to do with the broader sell-off in technology stocks around DeepSeek concerns.

Ord Minnett views Appen's prospects as good, with the expected 2024 EPS loss at -0.5c to -0.7c post the update.

FORECAST
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

05/03/2025

1

Speculative Buy

$2.60

127.07%

Appen didn't provide guidance for y/y revenue growth in FY25, prompting Canaccord Genuity to question its estimate for a 54% y/y  growth.

The estimate was based on assumption the company's traditional revenue base continues at 4% y/y and the rest comes from Large Language Model (LLM) projects.

The broker chose to downgrade its forecast to 40% y/y revenue growth, taking cues from US company Innodata's 40% y/y growth forecast for FY25. The forecast for FY26 is largely unchanged

Target price is $2.6, and rating remains Speculative Buy.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.53 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.15 cents.
Access Extra Coverage Research History >

APX STOCK CHART

FNArena News on APX

1
Australian Broker Call *Extra* Edition – Mar 05, 2025

Mar 05 2025 - Daily Market Reports
2
Rudi’s View: February’s Reality Check

Mar 05 2025 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 07-02-25

Feb 10 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Nov 04, 2024

Nov 04 2024 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 18-10-24

Oct 21 2024 - Weekly Reports

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