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
Index: ASX300 | 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

$3.05

05 Dec
2022

-0.010

OPEN

$3.06

-0.33%

HIGH

$3.09

1,082,706

LOW

$2.90

TARGET
$2.875 -5.7% downside
Franking for last dividend paid out: 50%
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FNARENA'S MARKET CONSENSUS FORECASTS
APX: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 30.9 - 9.7 xxx
DPS (cps) xxx 10.0 0.0 xxx
EPS Growth xxx - 25.6% N/A xxx
DPS Growth xxx 0.0% N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 32.4% N/A xxx

Dividend yield today if purchased 3 years ago: 0.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.61

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 © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx30.9
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx595.8 M
Book Value Per Share xxxxxxxxxxxxxxx437.9
Net Operating Cash Flow xxxxxxxxxxxxxxx71.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx7.41 %
Return on Invested Capital xxxxxxxxxxxxxxx7.19 %
Return on Assets xxxxxxxxxxxxxxx5.91 %
Return on Equity xxxxxxxxxxxxxxx7.41 %
Return on Total Capital xxxxxxxxxxxxxxx10.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx57.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

07/10/2022

5

Sell

$2.60

-14.75%

Ord Minnett maintains its Sell rating for Appen and lowers its target price to $2.60 from $3.00 after yet another operating earnings (EBITDA) downgrade.

Second half earnings guidance (the most severely impacted) was lowered by -72% on slowing customer spending and higher product and technology costs, which suggests to the analyst management has limited visibility on earnings and little confidence in a recovery.

2022 revenue is now expected to be US$375-395m compared to the consensus expectation for US$409m.

The company did not provide any clear guidance for an earnings recovery trajectory, points out the broker and there's considered to be looming balance sheet risk, with the potential need to raise funds for working capital.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 0.00 cents and EPS of minus -8.00 cents.
Ord Minnett forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -3.00 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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APX STOCK CHART