Applied Digital APLD
United StatesTechnology · Information Technology ServicesUSD
65.37 USD (+174.5%)
15 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
Applied Digital Corporation is a US technology company that designs, builds, and operates high-density data centers, including infrastructure for high-performance computing and artificial intelligence, which it leases to enterprise and hyperscale clients.
Key points
from its scores- ✓Strong growth10.0
- ✕Unfavourable risk and backdrop0.0
- ✕Little or no dividend0.5
- ✕Little competitive advantage1.5
AI analysis
bottom line, main risk, context and newsSpeculative: growth is real but cash burn and lack of profitability make it suitable only for investors with high risk tolerance and a long horizon.
Applied Digital shows spectacular revenue growth (+406.6%) but with very poor profitability: operating margin of -48.22%, ROE of -8.38%, and deeply negative free cash flow (FCF yield of -69.65%). Valuation is demanding (P/Sales of 11.65) and momentum is weak (-22.27% over 12 months), reflecting market skepticism about its ability to convert growth into profits.
The main risk is financing and execution: it needs continuous external capital to sustain its expansion, and if the AI capex cycle slows or access to financing becomes more expensive, its not-yet-profitable business model could be severely compromised.
Context and risks
US data center company with explosive growth but very negative operating margins and deeply negative free cash flow. The main risk is execution and financing: it needs continuous external capital to sustain its expansion in a rising rate environment, which makes its debt more expensive and dilutes shareholders. Its data center business depends on energy availability and AI compute demand, a massive capex cycle already showing signs of strain on hyperscaler balance sheets.
Is Applied Digital stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 121% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 4.0 | 6.3 | −37% |
| Price / sales | 11.7 | 5.3 | +121% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 2.7 out of 10 (median for Technology: 5.3).
Average analyst target: 65.37 USD, +174.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 1.5 (sector 6.4), Growth 10.0 (sector 7.5).
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- −49.2
- EV / EBITDA
- −120.7
- Price / book
- 4.0
- Price / sales
- 11.7
- PEG
- 1.83
- Market cap
- 7.1B USD
- Enterprise value
- 12.9B USD
Profitability
- ROE
- −8.4%
- ROA
- −1.8%
- ROIC (approx.)
- −4.3%
- Gross margin
- 25.9%
- Operating margin
- −48.2%
- Net margin
- −39.9%
- Free cash flow
- −5.0B USD
- FCF yield
- −69.7%
Solvency
- Total debt
- 5.1B USD
- Net debt
- 3.5B USD
- Cash
- 1.6B USD
- EBITDA
- −107.0M USD
- Net debt / EBITDA
- −32.78
- Debt / equity
- 136.23
- Current ratio
- 4.01
- Quick ratio
- 1.42
Growth
- Revenue growth
- +406.6%
- EPS (TTM)
- −0.91 USD
- EPS (forward)
- −0.48 USD
Dividend
- Dividend yield
- 0.0%
Risk and market
- Beta
- 6.00
- Analyst consensus
- Strong buy (15)
- Target price
- 65.37 USD
- 52-week range
- 19.00 – 50.73
Recent news
All APLD news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Applied Digital
Is Applied Digital stock cheap or expensive?
On Price / sales, it trades 121% above the Technology median. Valuation score: 2.7 out of 10 (median for Technology: 5.3). Average analyst target: 65.37 USD, +174.5% versus the price. This is not investment advice.
What score does Applied Digital get on MeridIAn Screener?
It scores 3.6 out of 10, rank 2,018 of 2,130 (better than 5% of the companies analysed). Its strongest category is Growth (10.0) and its weakest, Risk & Context (0.0). Analysis of 08/10/2026.
How much is Applied Digital worth on the stock market?
Its market capitalisation is 7.1B USD and its enterprise value, debt included, is 12.9B USD.
How much debt does Applied Digital have?
Its net debt (debt minus cash) is 3.5B USD.
Does Applied Digital pay a dividend?
It pays no dividend, or almost none.
How has Applied Digital stock performed over the last year?
It has fallen 29.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 19.00 and 50.73 USD. Past performance does not guarantee future results.
What do analysts think of Applied Digital?
15 analysts cover it; their average recommendation is “Strong buy” and their average target is 65.37 USD (+174.5% versus the price). It is an estimate, not market data.