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Appen Limited (APX.AX)

AUD0.91 +0.02 (+2.25%)
AU ASX Technology Information Technology Services
Address 9 Help Street 2067
Chatswood, NSW, AU
CEO Ryan Kolln
Website appen.com
IPO 2015-01-07
ISIN AU000000APX3

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Also trades on Australian Securities Exchange · APX.AX (AUD) Other OTC · APPEF (USD) Other OTC · APXYY (USD)
Description

Appen Limited operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally. It operates through the Appen Global and Appen China segments. The company offers CrowdGen, the interface for its global crowd workforce; Mercury, the backend system used to design projects, manage the crowd workforce, and automate operational workflows; AI Data Platform (ADAP), which enables internal teams and external customers to design, manage, and execute human annotation and evaluation tasks; MatrixGo, the core platform supporting data collection and annotation services; Elite AI, the expert crowdsourcing platform enables expert recruitment, task publishing, and campaign referral expansion for user acquisition; MediGo, a medical LLM and image annotation; RoboGo, an embodied intelligence; and Appen Task, a mobile data collection application. The company serves technology, automotive, financial services, retail, government, and healthcare sectors. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is headquartered in Chatswood, Australia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD0.91 +0.02 (+2.25%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
1.73
Float Shares
247.19M
Free Float %
92.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.43% -7.60% +2.21% -38.24% +61.54% +44.38% -3.75% -57.85% -90.93% -48.44% +131.50%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.91
DCF (Unlevered) 0.26 -71.5%
DCF (Levered) 0.17 -81.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.18
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Information Technology Services: +10.1%
    +1.9% Q4'25: -36.2% (vs Q4'23)
  • EPS growth Information Technology Services: +16.7%
    +33.3% Q4'25: +98.2% (vs Q4'23)
  • FCF margin FCF growth · Information Technology Services: +32.8%
    +6.6% Q4'25: +4.9% (vs Q4'23)
  • EBIT margin Information Technology Services: +9.0%
    -9.1% Q4'25: -2.1% (vs Q4'23)
  • ROIC Information Technology Services: +9.5%
    -44.0% Q4'25: -21.9% (vs Q4'23)
  • Share dilution Information Technology Services: +0.0%
    +15.5% Q4'25: +25.6% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    1.38× Q4'25: 0.27× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.69) × ERP
WACC = 95% × Ke + 5% × Kd (4.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.26 Current price: 0.91
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
2 EPS Ana.
Dec 2027
4 Rev. Ana.
2 EPS Ana.
Dec 2028
4 Rev. Ana.
2 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Revenue
60.17M
est: 85.10M (-29.3%)
110.94M
est: 115.40M (-3.9%)
166.56M
est: 158.57M (+5.0%)
364.21M
est: 360.80M (+0.9%)
535.49M
est: 533.30M (+0.4%)
599.39M
est: 615.08M (-2.6%)
615.57M
est: 590.35M (+4.3%)
559.89M
est: 573.15M (-2.3%)
411.31M
est: 247.92M (+65.9%)
234.29M
est: 392.45M (-40.3%)
238.82M
est: 345.90M (-31.0%)
388.40M
373.64M – 411.10M
+12.3% YoY
456.13M
392.30M – 493.28M
+17.4% YoY
504.59M
457.64M – 540.35M
+10.6% YoY
608.64M
552.00M – 651.77M
+20.6% YoY
EBITDA
10.34M
est: 2.14M (+383.8%)
17.19M
est: 15.73M (+9.3%)
21.68M
est: 22.91M (-5.4%)
68.10M
est: 47.55M (+43.2%)
85.04M
est: 82.27M (+3.4%)
85.71M
est: 63.75M (+34.4%)
101.30M
est: 80.57M (+25.7%)
11.77M
est: 95.86M (-87.7%)
-89.37M
est: 1.35M (-6,742.6%)
3.34M
est: 2.11M (+58.7%)
10.64M
est: 1.88M (+466.9%)
2.11M
2.03M – 2.23M
+12.3% YoY
2.48M
2.13M – 2.68M
+17.4% YoY
2.74M
2.48M – 2.93M
+10.6% YoY
3.30M
3.00M – 3.54M
+20.6% YoY
EBIT
9.30M
est: -4.62M (+301.2%)
16.04M
est: 16.68M (-3.9%)
20.39M
est: 23.80M (-14.3%)
59.16M
est: 43.29M (+36.6%)
59.18M
est: 92.64M (-36.1%)
55.58M
est: 74.35M (-25.2%)
60.28M
est: 93.97M (-35.9%)
-41.59M
est: 111.79M (-137.2%)
-124.51M
est: -22.59M (-451.2%)
-19.98M
est: -35.35M (+43.5%)
-21.78M
est: -31.52M (+30.9%)
-35.39M
-37.46M – -34.04M
-12.3% YoY
-41.56M
-44.94M – -35.74M
-17.4% YoY
-45.97M
-49.23M – -41.70M
-10.6% YoY
-55.45M
-59.38M – -50.29M
-20.6% YoY
Net Income
6.05M
est: 16.39M (-63.1%)
10.49M
est: 10.85M (-3.3%)
11.14M
est: 15.28M (-27.1%)
41.73M
est: 31.84M (+31.1%)
41.61M
est: 65.22M (-36.2%)
38.84M
est: 52.19M (-25.6%)
28.52M
est: 65.96M (-56.8%)
-344.86M
est: 78.47M (-539.5%)
-118.08M
est: -128.37M (+8.0%)
-20.01M
est: -21.52M (+7.0%)
-22.58M
est: -21.82M (-3.5%)
1.39M
890.8K – 6.24M
+106.4% YoY
19.28M
16.16M – 25.27M
+1,290.6% YoY
24.33M
12.92M – 39.94M
+26.2% YoY
35.45M
31.17M – 38.72M
+45.7% YoY
SGA
15.62M
est: 11.33M (+37.9%)
3.65M
est: 31.12M (-88.3%)
10.07M
est: 37.38M (-73.1%)
22.42M
est: 75.22M (-70.2%)
56.48M
est: 87.60M (-35.5%)
53.25M
est: 140.13M (-62.0%)
28.03M
est: 177.10M (-84.2%)
49.05M
est: 210.69M (-76.7%)
48.04M
est: 34.73M (+38.4%)
76.55M
est: 299.44M (-74.4%)
29.54M
est: 48.45M (-39.0%)
54.40M
52.34M – 57.58M
+12.3% YoY
63.89M
54.95M – 69.09M
+17.4% YoY
70.68M
64.10M – 75.69M
+10.6% YoY
85.25M
77.32M – 91.29M
+20.6% YoY
EPS
0.06
est: 0.07 (-14.3%)
0.10
est: 0.11 (-9.9%)
0.13
est: 0.13 (-3.4%)
0.35
est: 0.34 (+2.6%)
0.31
est: 0.45 (-31.3%)
0.38
est: 0.42 (-10.0%)
0.27
est: 0.39 (-30.9%)
-2.47
est: -0.14 (-1,626.5%)
-1.25
est: -0.49 (-153.7%)
-0.13
est: -0.17 (+25.5%)
-0.09
est: -0.06 (-38.1%)
0.01
0.00 – 0.02
+117.1% YoY
0.08
0.06 – 0.10
+643.4% YoY
0.10
0.05 – 0.15
+25.1% YoY
0.13
0.12 – 0.15
+34.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-28 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-27 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-26 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-25 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-22 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-21 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-20 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-19 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-18 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-15 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-14 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-13 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-12 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-11 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 3/5 1/5 4/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 3/5 1/5 4/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 3/5 1/5 4/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 3/5 1/5 4/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 3/5 1/5 4/5
2026-05-01 C+ 2/5 2/5 1/5 1/5 3/5 1/5 4/5
2026-04-30 C+ 2/5 2/5 1/5 1/5 3/5 1/5 4/5
2026-04-29 C 2/5 2/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 C 2/5 2/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 C 2/5 2/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C 2/5 2/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-22 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-21 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-20 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-17 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-16 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.29M
OE per share TTM
0.01
Owner's Yield
0.42%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
3.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 11 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P International Small Cap ETF GWX 0.02% 211.2K 0.40%
2 Avantis International Small Cap Equity ETF AVDS 0.01% 24.1K 0.30%
3 Dimensional - International Small Cap ETF DFIS 0.00% 272.8K 0.39%
4 Avantis International Equity ETF AVDE 0.00% 366.2K 0.23%
5 Avantis International Small Cap Value ETF AVDV 0.00% 341.3K 0.36%
6 Dimensional - International Small Cap Value ETF DISV 0.00% 64.1K 0.42%
7 Dimensional - International Core Equity 2 ETF DFIC 0.00% 185.4K 0.22%
8 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 127.0K 0.28%
9 Dimensional - International Core Equity Market ETF DFAI 0.00% 170.6K 0.18%
10 Dimensional - International Vector Equity ETF DXIV 0.00% 955.74 0.53%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-18.5K
Shares Outstanding
268.02M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ryan Kolln Chief Executive Officer, MD & Director 921.6K male
Justin Miles Chief Financial Officer 537.1K male
Eric De Cavaignac Chief Transformation Officer & GM of Crowd male
Helen Attia Chief People Officer female
Jaime Frasca Joint Company Secretary & General Counsel female
Kim Stagg Chief Product & Technology Officer male
Leanne Ralph Joint Company Secretary female
Roc Tian Senior VP & GM of China, Japan & Korea
Brian Haskett Senior Vice President of Client management & Operations male
Si Chen Vice President of Strategy & Marketing female
Brian Jenkins Vice President of Sales male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits