TECHNOLOGY ONE LIMITED (TNE)
Share Price Analysis and Chart

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TNE - TECHNOLOGY ONE LIMITED

FNArena Sector : IT & Support
Year End: September
GICS Industry Group : Software & Services
Debt/EBITDA: 0.19
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS | ALL-TECH

TechnologyOne is involved in the development, sale and support of financial management and enterprise software solutions. Typical customers are universities, local councils, TAFE staff and students, as well as health and financial institutions. Founded in 1987 in Brisbane, it became a listed company in 1999. Has expanded into the UK.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$15.17

07 Dec
2023

-0.150

OPEN

$15.16

-0.98%

HIGH

$15.46

1,376,601

LOW

$14.93

TARGET
$15.893 4.8% upside
Franking for last dividend paid out: 60%
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . OCL . STG . WCG .
FNARENA'S MARKET CONSENSUS FORECASTS
TNE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 31.7 35.2 xxx
DPS (cps) xxx 11.9 20.3 xxx
EPS Growth xxx 15.3% 11.1% xxx
DPS Growth xxx - 30.1% 70.3% xxx
PE Ratio xxx N/A 42.1 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 37.5% 57.5% xxx

Dividend yield today if purchased 3 years ago: 1.35%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.80

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/11 - ex-div 14.9c (franking 60%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx31.7
DPS All xxxxxxxxxxxxxxx11.9
Sales/Revenue xxxxxxxxxxxxxxx429.4 M
Book Value Per Share xxxxxxxxxxxxxxx94.3
Net Operating Cash Flow xxxxxxxxxxxxxxx193.7 M
Net Profit Margin xxxxxxxxxxxxxxx23.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx37.75 %
Return on Invested Capital xxxxxxxxxxxxxxx34.48 %
Return on Assets xxxxxxxxxxxxxxx16.06 %
Return on Equity xxxxxxxxxxxxxxx37.75 %
Return on Total Capital xxxxxxxxxxxxxxx39.08 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx129.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx24 M
Total Debt xxxxxxxxxxxxxxx33 M
Goodwill - Gross xxxxxxxxxxxxxxx55 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx223 M
Price To Book Value xxxxxxxxxxxxxxx16.45

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx90.1 M
Capex % of Sales xxxxxxxxxxxxxxx20.99 %
Cost of Goods Sold xxxxxxxxxxxxxxx250 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

22/11/2023

3

Neutral

$16.80

10.74%

TechnologyOne posted a solid result, Macquarie suggests, featuring strong operating momentum, but expectations were high. The performance has facilitated management bringing forward its FY26 annual recurring revenue target of $500m to FY25.

The SaaS transition is almost complete, with 30-50 customers remaining, hence the broker notes the key driver of recent ARR growth is abating.

Macquarie sees the key catalysts as M&A and further wins in the UK. But on current valuation, with execution risk elevated as the key driver of recent ARR growth subsides, the broker sees limited incremental upside.

Target rises to $16.80 from $15.50, Neutral retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 21.00 cents and EPS of 35.60 cents.
Macquarie forecasts a full year FY25 dividend of 24.80 cents and EPS of 40.80 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

TNE STOCK CHART

FNArena News on TNE

1
Australian Broker Call *Extra* Edition – Nov 29, 2023

Nov 29 2023 - Daily Market Reports
2
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 28, 2023

Nov 28 2023 - Daily Market Reports
4
FNArena Corporate Results Monitor – 27-11-2023

Nov 27 2023 - Australia
5
Weekly Ratings, Targets, Forecast Changes – 24-11-23

Nov 27 2023 - Weekly Reports

Latest IT & Support News

1
Dropsuite Trajectory Impresses

Oct 25 2023 - Small Caps
2
Disciplined Hansen Technologies Remains Upbeat

Feb 24 2023 - Small Caps
3
Data#3 Has Growth Locked In For FY23

Aug 23 2022 - Small Caps
4
Treasure Chest: Appen Downgraded

Aug 03 2022 - Treasure Chest
5
Nitro Software Disappoints, Better Times Ahead?

Jul 28 2022 - Small Caps
6
TechnologyOne’s SaaS Transformation ‘Complete’

Jun 08 2022 - Australia
7
The Dark Web: Australia’s Cyber Threat

May 09 2022 - Australia
8
End in Sight for TechnologyOne Transition

Nov 29 2021 - Australia
9
Nitro Software Into Global Top Three With Acquisition

Nov 22 2021 - Small Caps
10
Growth Plans Intact At TechnologyOne

May 26 2021 - Australia