APPLOVIN CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 73.82 USD | +6.66% |
|
+10.51% | +85.24% |
| Apr. 23 | AppLovin Corporation : The future of app marketplace? |  |
| Apr. 15 | Daiwa Securities Starts AppLovin With Neutral Rating, $80 Price Target | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 35,274 | 3,914 | 13,382 | 24,318 | - | - |
| Enterprise Value (EV) 1 | 36,981 | 6,045 | 16,000 | 25,902 | 24,373 | 22,765 |
| P/E ratio | 1,047 x | -20.3 x | 40.7 x | 29.8 x | 23.5 x | 18.3 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 12.6 x | 1.39 x | 4.08 x | 5.95 x | 5.39 x | 4.98 x |
| EV / Revenue | 13.2 x | 2.15 x | 4.87 x | 6.34 x | 5.4 x | 4.66 x |
| EV / EBITDA | 50.9 x | 5.69 x | 10.6 x | 12.4 x | 10.3 x | 8.67 x |
| EV / FCF | 103 x | 15.6 x | 15.1 x | 17.1 x | 14 x | 12.1 x |
| FCF Yield | 0.97% | 6.4% | 6.61% | 5.86% | 7.14% | 8.28% |
| Price to Book | 16.5 x | 2.07 x | 10.8 x | 11.9 x | 7.1 x | 4.79 x |
| Nbr of stocks (in thousands) | 374,221 | 371,690 | 335,802 | 329,420 | - | - |
| Reference price 2 | 94.26 | 10.53 | 39.85 | 73.82 | 73.82 | 73.82 |
| Announcement Date | 2/16/22 | 2/8/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,451 | 2,793 | 2,817 | 3,283 | 4,088 | 4,510 | 4,881 |
| EBITDA 1 | - | 726.8 | 1,063 | 1,503 | 2,097 | 2,369 | 2,625 |
| EBIT 1 | - | 150 | -47.79 | 648.2 | 1,264 | 1,497 | 1,826 |
| Operating Margin | - | 5.37% | -1.7% | 19.74% | 30.92% | 33.19% | 37.42% |
| Earnings before Tax (EBT) 1 | - | 46.31 | -205.2 | 380.6 | 998.7 | 1,258 | 1,609 |
| Net income 1 | -125.2 | 31.7 | -192.7 | 354.9 | 842.1 | 1,049 | 1,351 |
| Net margin | -8.63% | 1.14% | -6.84% | 10.81% | 20.6% | 23.26% | 27.68% |
| EPS 2 | -0.5800 | 0.0900 | -0.5200 | 0.9800 | 2.480 | 3.145 | 4.031 |
| Free Cash Flow 1 | - | 360.5 | 386.9 | 1,057 | 1,518 | 1,740 | 1,886 |
| FCF margin | - | 12.91% | 13.73% | 32.2% | 37.14% | 38.58% | 38.63% |
| FCF Conversion (EBITDA) | - | 49.59% | 36.39% | 70.36% | 72.42% | 73.48% | 71.83% |
| FCF Conversion (Net income) | - | 1,136.99% | - | 297.87% | 180.3% | 165.89% | 139.56% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/2/21 | 2/16/22 | 2/8/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 727 | 793.5 | 625.4 | 776.2 | 713.1 | 702.3 | 715.4 | 750.2 | 864.3 | 953.3 | 970.3 | 1,007 | 1,034 | 1,072 | 1,078 |
| EBITDA 1 | 190.7 | 221.3 | 276.2 | 269.7 | 257.6 | 259.6 | 273.7 | 333.5 | 419.3 | 476.2 | 496.4 | 520.1 | 537.1 | 558.3 | 566.9 |
| EBIT 1 | 45.05 | 58.52 | -128 | 53.36 | 49.27 | -22.43 | 61.05 | 131.3 | 186.3 | 269.5 | 285.6 | 301.1 | 316.9 | 341.7 | 323.3 |
| Operating Margin | 6.2% | 7.38% | -20.46% | 6.87% | 6.91% | -3.19% | 8.53% | 17.51% | 21.56% | 28.27% | 29.44% | 29.91% | 30.64% | 31.88% | 29.98% |
| Earnings before Tax (EBT) 1 | 17.08 | 28.61 | -158 | 17.37 | 1.609 | -66.17 | -3.353 | 95.8 | 109.2 | 178.9 | 215.5 | 231.1 | 247.4 | 271.8 | 247.5 |
| Net income 1 | 0.177 | 31.05 | -115.3 | -21.75 | 23.65 | -79.51 | -4.518 | 80.04 | 107.8 | 171.5 | 190.1 | 207.7 | 219.6 | 242.8 | 238.7 |
| Net margin | 0.02% | 3.91% | -18.43% | -2.8% | 3.32% | -11.32% | -0.63% | 10.67% | 12.48% | 17.99% | 19.59% | 20.63% | 21.23% | 22.65% | 22.14% |
| EPS 2 | - | 0.0800 | -0.3100 | -0.0600 | 0.0600 | -0.2200 | -0.0100 | 0.2200 | 0.3000 | 0.4900 | 0.5490 | 0.5940 | 0.6382 | 0.6981 | 0.6924 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/16/22 | 5/11/22 | 8/10/22 | 11/9/22 | 2/8/23 | 5/10/23 | 8/9/23 | 11/8/23 | 2/14/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,707 | 2,131 | 2,619 | 1,584 | 54.9 | - |
| Net Cash position 1 | - | - | - | - | - | - | 1,552 |
| Leverage (Debt/EBITDA) | - | 2.349 x | 2.005 x | 1.743 x | 0.7556 x | 0.0232 x | - |
| Free Cash Flow 1 | - | 360 | 387 | 1,057 | 1,518 | 1,740 | 1,886 |
| ROE (net income / shareholders' equity) | - | 3.2% | -9.54% | 22.5% | 68.3% | 41.5% | 34.3% |
| ROA (Net income/ Total Assets) | - | 0.76% | -3.21% | 6.33% | 14% | 13.1% | - |
| Assets 1 | - | 4,160 | 6,006 | 5,604 | 6,032 | 8,009 | - |
| Book Value Per Share 2 | - | 5.700 | 5.090 | 3.700 | 6.200 | 10.40 | 15.40 |
| Cash Flow per Share 2 | - | 1.060 | 1.040 | 2.930 | 4.980 | 5.890 | 6.680 |
| Capex 1 | - | 1.39 | 0.66 | 4.25 | 9.78 | 10.6 | 15.1 |
| Capex / Sales | - | 0.05% | 0.02% | 0.13% | 0.24% | 0.23% | 0.31% |
| Announcement Date | 3/2/21 | 2/16/22 | 2/8/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
73.82
USD
Average target price
71.72
USD
Spread / Average Target
-2.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +85.24% | 24.32B | |
| -19.95% | 214B | |
| -9.06% | 66.27B | |
| -3.37% | 56.38B | |
| -10.49% | 46.62B | |
| +8.30% | 43.93B | |
| -6.51% | 34.19B | |
| -7.95% | 29.14B | |
| +3.45% | 21.64B | |
| +3.86% | 13.77B |
- Stock Market
- Equities
- APP Stock
- Financials AppLovin Corporation
