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

$30.10

28 Nov
2025

-0.020

OPEN

$30.37

-0.07%

HIGH

$30.56

1,128,845

LOW

$29.98

TARGET
$33.997 12.9% 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 42.1 48.5 xxx
DPS (cps) xxx 36.6 32.8 xxx
EPS Growth xxx 16.3% 15.1% xxx
DPS Growth xxx 63.0% - 10.4% xxx
PE Ratio xxx N/A 62.1 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: 2.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.22

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 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$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

19/11/2025

3

Hold

$29.78

-1.06%

TechnologyOne’s FY25 result missed elevated expectations, notes Ord Minnett, with annual recurring revenue (ARR) up 18% versus the broker’s 19% forecast and consensus at 23%.

UK ARR growth of 49% and solid Education and Local Government performance partly offset softer metrics, explain the analysts.

Earnings (EBITDA) came in slightly below Ord Minnett's expectation, though profit (PBT) rose 19% and exceeded guidance. A 10c special dividend lifted the payout ratio to 65-75%.

Early demand for the new AI-driven Plus product is encouraging to the broker, with eight deals signed. While TechnologyOne remains a high-quality software name, valuation appears full at 60x FY26 PE ratio, notes Ord Minnett.

Hold maintained. Target reduced to $29.78 from $33.04.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 32.10 cents and EPS of 49.00 cents.
Ord Minnett forecasts a full year FY27 dividend of 37.40 cents and EPS of 57.00 cents.

Shaw and Partners

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$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

19/11/2025

2

Overweight

$32.00

6.31%

TechnologyOne delivered a FY25 result that was largely in line with expectations.

Jarden attributes the share price reaction to four factors, including a slowdown in rates of return, softer-than-expected gross margin, lack of FY26 guidance and general market sentiment around high-growth technology names.

The broker has made a change in analyst coverage and rejigs forecasts, lowering FY26 and FY27 estimates by -5.2% and -7.5%, respectively. Rating edges down to Overweight from Buy and the target is reduced to $32.00 from $44.82.

FORECAST
Jarden forecasts a full year FY26 EPS of 50.10 cents.
Jarden forecasts a full year FY27 EPS of 59.90 cents.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

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Nov 28 2025 - FYI
2
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Outlook Intact Post Tech1’s FY25 Punishment

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4
Australian Broker Call *Extra* Edition – Nov 24, 2025

Nov 24 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 21-11-25

Nov 24 2025 - Weekly Reports

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