{"id":37932,"date":"2022-10-05T02:06:24","date_gmt":"2022-10-05T02:06:24","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=37932"},"modified":"2022-10-05T02:08:52","modified_gmt":"2022-10-05T02:08:52","slug":"appen-ltd-apx","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2022\/10\/05\/appen-ltd-apx\/","title":{"rendered":"Appen Ltd (APX)"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n
Stock:<\/td>\nAppen Ltd<\/strong><\/td>\n<\/tr>\n
Exchange:<\/td>\nASX<\/td>\nSymbol:<\/td>\nAPX<\/strong><\/td>\n<\/tr>\n
Date:<\/td>\n05-Oct-22<\/td>\nLatest price:<\/td>\nA$3.29
\n<\/strong><\/td>\n<\/tr>\n
Market Cap:<\/td>\n$406 m<\/td>\nFair Value:<\/td>\nA$2.99<\/strong><\/td>\n<\/tr>\n
Forward DY:<\/td>\n3.16%<\/td>\nPayback (Years):<\/td>\nN\/A<\/td>\n<\/tr>\n
Financial Y\/E:<\/td>\n31-Dec-22<\/td>\nRating:<\/td>\nHOLD<\/strong><\/td>\n<\/tr>\n
Sector:<\/td>\nTechnology<\/td>\nIndustry:<\/td>\nIT Services<\/td>\n<\/tr>\n
Investment Theme:<\/td>\nTechnology<\/td>\nMacro Trends:<\/td>\nA.I.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Summary<\/h2>\n

Appen (APX) is trading at a discount to our estimate of fair value. Our recommendation is HOLD in the current bear market.<\/p>\n

Valuation<\/h2>\n

We reduced our fair value estimate for Appen (APX) by 74%, to A$2.99 per share, based on the following projections:<\/p>\n