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: 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

$24.77

03 Mar
2026

-0.190

OPEN

$25.61

-0.76%

HIGH

$25.61

819,902

LOW

$24.40

TARGET
$33.04 33.4% upside
Franking for last dividend paid out: 65%
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 49.3 xxx
DPS (cps) xxx 36.6 33.5 xxx
EPS Growth xxx 16.3% 17.0% xxx
DPS Growth xxx 63.0% - 8.4% xxx
PE Ratio xxx N/A 51.2 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 86.9% 68.0% xxx

Dividend yield today if purchased 3 years ago: 2.48%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.45

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: 27/11 - ex-div 30c (franking 65%)

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

0.9

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

18/02/2026

1

Buy

$38.70

56.24%

At today's AGM, Technology One's management has upgraded FY26 guidance, now targeting profit before growth of 18%–20% from 13%–17% and introducing annual recurring revenue growth guidance of 16%–18%, while reiterating its long-term target of more than $1bn ARR by FY30.

UBS notes the guidance is slightly ahead of both its own and consensus forecasts, which it views as positive given recent AI disruption concerns.

The broker highlights early monetisation of the new Plus agentic AI platform, with 22 subscriptions sold at $75k per annum, implying a $1.7m revenue run rate since early February commercialisation.

Management indicated AI investment is fully incorporated into profit before tax guidance and is expected to deliver immediate benefits to both revenue and productivity.

Buy is retained with an unchanged $38.70 target and UBS has made no changes to forecasts.

FORECAST
UBS forecasts a full year FY26 dividend of 35.00 cents and EPS of 49.00 cents.
UBS forecasts a full year FY27 dividend of 42.00 cents and EPS of 59.00 cents.

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$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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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

Jarden

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

23/02/2026

1

Buy

$42.15

70.17%

TechnologyOne provided formal FY26 guidance at its AGM, flagging annual recurring revenue of $643-654m and pre-tax profit of $214.2m-$217.9m.

The company is targeting the top end of both metrics, which Canaccord Genuity notes have FX implications from a stronger AUD/GBP factored in.

The company has also flagged the front loading of costs surrounding the showcase in both Australia and the UK that will limit first half profit growth, but should deliver a meaningful acceleration in the second half.

With multi-year contracts and a strong brand, Canaccord Genuity believes the business is well insulated and retains its Buy rating with a $42.15 target.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 34.00 cents and EPS of 50.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 42.00 cents and EPS of 61.00 cents.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-02-26

Feb 27 2026 - Weekly Reports
2
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Feb 25, 2026

Feb 25 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Feb 23, 2026

Feb 23 2026 - Daily Market Reports

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