Added to YB: 2026-06-17
Pitch date: 2026-06-13
APPN [neutral]
Appian Corporation
-5.32%
current return
Author Info
No bio for this author
Company Info
Appian Corporation operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.
Market Cap
$1.7B
Pitch Price
$24.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
43.97
P/E
1.9K
EV/Sales
2.36
Sector
Software
Category
growth
The risk-free bond pays 4.48%. I analyze three small-cap SaaS that appear to offer better returns. - Appian Corporation
APPN (pass): SaaS growing 21.5% YoY, 115% NRR, $112M net cash. But FCF yield only 3.27% (below 4.48% risk-free), EV/EBITDA 52x TTM, fails Rule of 40 (~27%). Bull case rests on margin scaling to 18-20% by 2027-28 = 8-9% FCF yield, but SBC dilution risk. 1/3 conditions met.
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