AppFolio, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $270M TTM FCF base; 15% FCF growth years 1-5, 8% years 6-10; 9% discount rate (WACC); 3.5% terminal growth; plus $186M net cash; 36M diluted shares.

Reasoning: AppFolio (property-management SaaS) is a mature, high-margin, net-cash, durable recurring-revenue business with 2026 guidance of about $1.1B revenue and about 26.5% adjusted operating margin, so a standard multi-phase DCF is the appropriate method; growth and discount assumptions reflect its high-teens analyst-forecast near-term growth fading to mature SaaS rates.