Appian Corp

Technology
Computer Software: Prepackaged Software
www.appian.com

Safety Score

Market Cap $2.24B
Debt $261.16M
Cash $118.55M
EV $2.39B
FCF $3.08M

Earnings

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Sales & Net Margins

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Earnings	-$92.26M
EBIT	-$60.85M
ROA	-10%
FCF	$3.08M
Equity	-$32.64M
Growth Stability	1
PE	-24.31
PB	-68.73
P/FCF	728.34
P/S	3.64
Price/Cash	0.05
Debt/Equity	-8
Debt/FCF	84.79
Net Margins	-15%
Gross Margins	76%
Op. Margins	-10%
Sales Growth YoY	15%
Sales Growth QoQ	8%
Sales CAGR	21%
Equity CAGR	5%
Earnings Growth YoY	36%

Earnings Growth QoQ	550%
Sales CAGR 5Y	20%
Equity CAGR 5Y	-11%
Earnings CAGR 3Y	17%
Sales CAGR 3Y	17%
Equity CAGR 3Y	-12%
Market Cap	$2.24B
Revenue	$617.02M
Assets	$621.04M
Total Debt	$261.16M
Cash	$118.55M
Shares Outstanding	72.99M
EV	2.39B
Safety Score	48%
Working Capital	80.79M
Current Ratio	1.23
Gross Profit	$466.84M
Shares Growth 3y	0%
Equity Growth QoQ	-34%
Equity Growth YoY	-162%

Assets & ROA

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Stockholders Equity & ROE

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Appian Corp provides a low-code software development platform as a service that enables organizations to rapidly develop powerful and unique applications. With its platform, organizations can rapidly and easily design, build and implement powerful, enterprise-grade custom applications through intuitive, visual interface with little or no coding required. The company's customers use applications built on its low-code platform to launch new business lines, automate vital employee workflows, manage complex trading platforms, accelerate drug development and build procurement systems. The group generates a majority of its revenue from the domestic market. It serves various industries such as education; insurance; retail; telecom and media and others.

SEC Filings

Direct access to Appian Corp (APPN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Appian Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Appian Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Appian Corp Discounted Cash Flow

Fully customizable DCF calculator online for Appian Corp.

Years

Calculation mode

= $31M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$3.1M	$31M
DCF		$2.8M	$2.5M	$2.3M	$2.1M	$1.9M	$1.7M	$1.6M	$1.4M	$1.3M	$1.2M	$12M
Value	$31M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-7%	-10%	-18%	-22%	-19%	-11%	-24%	-32%	-20%	-15%	-15%
ROA	-	-11%	-19%	-20%	-13%	-6%	-17%	-24%	-17%	-10%	-10%
ROE	-	21%	-69%	-68%	-25%	-11%	-38%	-104%	-213%	283%	-

Bad Net Margins (-14.95%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-2.29	-0	-	-	-	-0	-1.06	-2.28	84.79	84.79
Debt over Equity	-	-0.32	0	-	-	-	0	0.84	5.24	-8	-8
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Bad Debt/FCF ratio (84.79)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (-8)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	20%	33%	28%	15%	17%	21%	27%	17%	13%	20%
Earnings YoY growth	-	70%	136%	58%	3%	-34%	165%	70%	-26%	-17%	-
Equity YoY growth	-	26%	-172%	61%	180%	45%	-21%	-38%	-64%	-162%	-11%
FCF YoY growth	-	227%	9%	301%	8%	-79%	576%	93%	4%	-103%	-