TECHNOLOGY ONE LIMITED (TNE)
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TNE

TNE - TECHNOLOGY ONE LIMITED

FNArena Sector : IT & Support
Year End: September
GICS Industry Group : Software & Services
Debt/EBITDA: N/A
Index: ASX50 | 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

$29.26

18 Nov
2025

-6.080

OPEN

$33.01

-17.20%

HIGH

$33.47

4,674,496

LOW

$29.16

TARGET
$36.111

-2.31 change from previous day

 23.4% upside
Franking for last dividend paid out: 65%
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . OCL . STG .
FNARENA'S MARKET CONSENSUS FORECASTS
TNE: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx N/A 48.9 xxx
DPS (cps) xxx N/A 31.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 59.8 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx N/A 65.2% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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: 28/11 - ex-div 17.37c (franking 65%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx36.2
DPS All xxxxxxxxxxxxxxx22.5
Sales/Revenue xxxxxxxxxxxxxxx506.5 M
Book Value Per Share xxxxxxxxxxxxxxx116.4
Net Operating Cash Flow xxxxxxxxxxxxxxx212.7 M
Net Profit Margin xxxxxxxxxxxxxxx23.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx34.44 %
Return on Invested Capital xxxxxxxxxxxxxxx30.97 %
Return on Assets xxxxxxxxxxxxxxx15.57 %
Return on Equity xxxxxxxxxxxxxxx34.44 %
Return on Total Capital xxxxxxxxxxxxxxx37.90 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx141.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx53 M
Total Debt xxxxxxxxxxxxxxx60 M
Goodwill - Gross xxxxxxxxxxxxxxx55 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx279 M
Price To Book Value xxxxxxxxxxxxxxx20.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx92.6 M
Capex % of Sales xxxxxxxxxxxxxxx18.29 %
Cost of Goods Sold xxxxxxxxxxxxxxx294 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx65 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

0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Shaw and Partners

19/11/2025

1

Upgrade to Buy from Hold

$37.30

27.48%

TechnologyOne delivered a solid FY25 result, according to Shaw and Partners, with revenue and cash earnings slightly ahead of forecasts, despite annual recurring revenue (ARR) missing the broker's estimate by -1%.

Key metrics such as net revenue retention (NRR) of 115% and churn of -1.2% were within target ranges but lacked the acceleration the market was hoping for, explains the broker.

Strong UK ARR growth of 49% is considered a major highlight, reinforcing the company's product strength and medium-term expansion potential.

The analysts point out gross free cash flow (FCF) growth of 55% and a $320m cash balance support ongoing investment and capital returns.

Shaw lifts its target to $37.30 from $36.30 and upgrades to Buy from Hold.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 34.10 cents and EPS of 47.90 cents.
Shaw and Partners forecasts a full year FY27 dividend of 41.80 cents and EPS of 59.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

10/10/2025

2

Overweight

$44.82

53.18%

TechnologyOne held its Product and Investor Day yesterday (October 9). Prior to the event, Jarden was anticipating an outline of the company's suite of 19 AI products, with potential additions spanning both back- and front-office automation.

The broker was expecting new AI features across existing products to reinforce the company’s strong pricing power and net revenue retention (NRR) of around 118% over the past 2.5 years.

The analyst notes maintaining this rate would imply revenue growth ahead of consensus, with an FY24-FY27 compound annual growth rate (CAGR) of 16%.

In summary, Jarden believes TechnologyOne is well positioned to capitalise on AI integration, supported by its deep customer relationships and embedded ERP systems. An Overweight rating and $44.82 target price are maintained.

FORECAST
Jarden forecasts a full year FY26 EPS of 52.90 cents.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

1
Rudi’s View: Buffett’s Parting Message

Nov 19 2025 - Rudi's View
2
Rudi’s View: New Trends & Recurring Anxieties

Nov 12 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 10, 2025

Nov 10 2025 - Daily Market Reports
4
In Brief: Wrkr, Emyria & TechnologyOne

Nov 07 2025 - Weekly Reports
5
Rudi’s View: Amcor, Charter Hall, Challenger, Goodman, Woolworths & More

Nov 06 2025 - Rudi's View

Latest IT & Support News

1
Rudi’s View: Tech1 Delivers AI First

Oct 15 2025 - Rudi's View
2
Market Embraces Hansen’s Powercloud Surprise

Jul 16 2025 - Small Caps
3
ikeGPS Positioned For Multi-Decade Tailwinds

Jul 08 2025 - Small Caps
4
TechnologyOne: The ‘Beat’ Goes On

May 23 2025 - Australia
5
Technology One Shares Aiming For A Breakout

Apr 15 2025 - Technicals
6
Hansen’s Powercloud Ready To Perform

Apr 01 2025 - Small Caps
7
Quality By Any Objective Measure

Oct 04 2024 - Small Caps
8
Rudi’s View: It’s Special vs Cheap, But Who’s Most At Risk?

May 29 2024 - Rudi's View
9
Treasure Chest: TechnologyOne’s Transition

Mar 18 2024 - Treasure Chest
10
Hansen Technologies: Focus On FY26

Feb 26 2024 - Small Caps