TECHNOLOGY ONE LIMITED (TNE)
Share Price Analysis and Chart

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TNE

TNE - TECHNOLOGY ONE LIMITED

FNArena Sector : IT & Support
Year End: September
GICS Industry Group : Software & Services
Debt/EBITDA: 0.21
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

$29.03

23 Sep
2026

-0.610

OPEN

$29.30

-2.06%

HIGH

$29.80

944,647

LOW

$28.80

TARGET
$32.072 10.5% upside
Franking for last dividend paid out: 75%
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . OCL . STG . STH .
FNARENA'S MARKET CONSENSUS FORECASTS
TNE: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 42.1 49.8 xxx
DPS (cps) xxx 36.6 33.7 xxx
EPS Growth xxx 16.3% 18.1% xxx
DPS Growth xxx 63.0% - 8.1% xxx
PE Ratio xxx N/A 59.6 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 86.9% 67.6% xxx

Dividend yield today if purchased 3 years ago: 2.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.23

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: 28/05 - ex-div 8c (franking 75%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx42.1
DPS All xxxxxxxxxxxxxxx36.6
Sales/Revenue xxxxxxxxxxxxxxx598.5 M
Book Value Per Share xxxxxxxxxxxxxxx138.1
Net Operating Cash Flow xxxxxxxxxxxxxxx294.5 M
Net Profit Margin xxxxxxxxxxxxxxx23.00 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx33.17 %
Return on Invested Capital xxxxxxxxxxxxxxx29.64 %
Return on Assets xxxxxxxxxxxxxxx15.39 %
Return on Equity xxxxxxxxxxxxxxx33.17 %
Return on Total Capital xxxxxxxxxxxxxxx36.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx213.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx46 M
Total Debt xxxxxxxxxxxxxxx53 M
Goodwill - Gross xxxxxxxxxxxxxxx92 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx320 M
Price To Book Value xxxxxxxxxxxxxxx27.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx106.4 M
Capex % of Sales xxxxxxxxxxxxxxx17.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx363 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx62 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$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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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

20/05/2026

1

Overweight

$32.00

10.23%

Morgan Stanley notes customer gains across local government and education have provided evidence that software-as-a-service-plus is strengthening TechnologyOne's competitive position, underpinning larger and longer duration contracts.

First half results were largely in line with expectations, despite a miss in the UK driven by FX. The company has reiterated upgraded FY26 expectations.

Local government revenue grew 27% in the half while education grew 15%. The stand-out identified was the new 10-year agreement with City of Townsville at a higher contract value.

Morgan Stanley retains an Overweight rating and $32 target. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 31.10 cents and EPS of 50.20 cents.
Morgan Stanley forecasts a full year FY27 dividend of 37.10 cents and EPS of 59.80 cents.

Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

21/05/2026

2

Upgrade to Overweight from Neutral

$31.00

6.79%

Jarden upgrades TechnologyOne to an Overweight rating from Neutral with its target price increased to $31.00 from $30.00 following the release of half-year results.

First-half revenue grew 12% to $318m, missing consensus estimates by -4% due to the timing of contract wins.

Earnings before interest, tax, depreciation and amortisation met expectations, rising 12% to $131m, alongside a 9% increase in profit before tax to $89m.

Full-year guidance was maintained in anticipation of a strong second-half skew, leaving FY26 earnings per share estimates virtually unchanged.

The broker expects profit before tax growth could accelerate from the guided 18% to 20% range in FY26 to approximately 30% in FY27, underpinning the rating upgrade.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

1
Rudi’s View: A Market Short On Rewards

Sep 16 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 21, 2026

Aug 21 2026 - Daily Market Reports
3
In Brief: Life360, Audinate & Hansen Technology

Aug 21 2026 - Weekly Reports
4
Rudi Interviewed: Bear Market Be Gone

Aug 13 2026 - Rudi's View
5
Rudi’s View: Final Preparations For August

Aug 05 2026 - Rudi's View

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