Appen Limited (APX.AX)

Valuation as at 2026-08-29 · see also the ASX 300 Most Undervalued screen

About Appen Limited

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.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Appen Limited APX.AX

Technology · Information Technology Services

Price
$1.23
Market Cap
$0.33B
Free Cash Flow
$0.03B
Beta
1.78
P/E (TTM)
N/A
52-Week Range
$0.65–$1.98

Appen Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-29

Share price · last 2 years

$1.23 +23% vs 2024-08
ASX 200 $1.00$2.75$1.12$0.69$1.13$1.23 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

-$0.08 +95% vs FY22
-$1.71-$0.83-$0.09-$0.08FY22FY23FY24FY25

Free cash flow Per year

$0.01B +165% vs FY22
-$0.01B-$0.04B-$0.01B$0.01BFY22FY23FY24FY25

Dividend per share

No dividend history available.

Value investing scale · Buffett · Dalio · Graham

Poor Fit
6 / 20 combined score

4 criteria had no data

See the full Buffett, Dalio & Graham breakdown for APX.AX →

Intrinsic value estimate · 5-year forecast

BEAR
$1.02
vs current $1.23
-17.3% ⚠️ Fairly Valued
BASE
$1.19
vs current $1.23
-3.3% ⚠️ Fairly Valued
BULL
$1.42
vs current $1.23
+15.1% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.03B
Reported free cash flow (Yahoo)
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
1.78
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
0.60%
From income statement
Tax rate
25.00%
Estimated default
Capital structure
E 96% / D 4%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth3.4%6.7%10.1%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)15.88%14.88%13.88%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 1.78 × 6.00% = 15.46% · WACC = weighted by 96%/4% capital structure

These numbers come from running Appen Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or APX.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with APX.AX →

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-29 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Appen Limited (APX.AX) undervalued?

The Base-case DCF estimates intrinsic value at $1.19 vs a price of $1.23 on 2026-08-29 — a -3.3% margin, so the Base case reads fairly valued. This is a mechanical output, not advice.