Summer Series: Appen (ASX: APX)

In this episode we continue with our 2019/20 Summer Series, where we take a shallow-dive into companies that have been selected by the Equity Mates community. We had 180 submissions for companies to explore, so randomly picked 10. The idea of these episodes is to show how you can begin to research a company, where to look for information and what are some of the key things to consider.

For this episode we are looking at one of the hottest stocks on the Australian market, one of the fabled WAAX stocks - Appen. The company sells data sets to train artificial intelligence and machine learning algorithms and has seen their share price rise 85% in 2019.

In this episode we:

• discuss what the company does
• take a look at their financial position and financial summary
• breakdown some key elements of their business model
• have a crack at a valuation
• close with a fun fact

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