Appen Stock Analysis (FY 2020)

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Megatrends are reshaping our world. Talking about megatrends, one buzzword that inevitably comes up is Artificial Intelligence (AI). Appen, an Australian company, has entered this very promising market that is showing double-digit percentage growth rates every year. But what exactly is the company’s business model and how does Appen perform in the roovestor company score? Find out!
Appen Stock Analysis 2020 Header
Appen | Australia | IT Services & Consulting | Fiscal Year 2020 | ISIN: AU000000APX3

Table of Contents

Qualitative Analysis

Appen Company History

Appen was founded by linguist Dr. Julie Vonwiller and her husband Christopher Charles Vonwiller back in 1996. Christopher served as Appen CEO from 1999-2000 and is serving as Non-Executive Chairman today. In 2020, Appen generated about 90 % of its revenue from the U.S. market, which seems quite unusual for an Australian company. This strong U.S. focus is mainly driven by two facts: First, the company’s revenue is mainly generated by a handful of customers including U.S. tech giants such as Amazon or Microsoft. Second, although Appen is an Australian company, in 2011 it merged with the Butler Hill Group based in Ridgefield, Connecticut (followed by several – mostly U.S. based – acquisitions).

The merged entity combines Appen's skills in speech technology with Butler Hill's search and text analytic capabilities. The company will have a worldwide pool of linguistic professionals in over 30 countries, fluent in over 120 languages and language variants.

Bill Pulver, former Appen CEO (2011)
Appen went public on the ASX (Australian Securities Exchange) back in 2015. The company has made successful acquisitions in the past and was able to grow strongly as a result. Well-known acquisitions include Wikman Remer (2012), Mendip Media Group (2016) and most recently Leapforce and RaterLabs (2017) for a total value of 105 million AUD (equal to about 80 million USD). As a result of the acquisitions, the staff headcount has been increased to more than one million.
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Appen Business Model and Outlook

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Appen SWOT Analysis

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Appen CEO: Mark Brayan

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Quantitative Analysis

Appen roovestor company score

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Disclaimer
We assume no liability for the accuracy of the financial data. Sources of the financial data are foremost IR websites of the company subject to the analysis. Additionally we rely on further data and information from Thomson Reuters EIKON. Moreover, unless better data is available, we do our own calculations of available data for KPI determination. Our stock analyses are by no means to be understood as a buy or sell recommendation and do not provide any conclusions regarding the future development of the company (and thus the future price development of the share).