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

$27.44

25 Mar
2026

0.010

OPEN

$26.93

0.04%

HIGH

$27.52

1,194,371

LOW

$26.59

TARGET
$32.623 18.9% 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 49.5 xxx
DPS (cps) xxx 36.6 33.5 xxx
EPS Growth xxx 16.3% 17.4% xxx
DPS Growth xxx 63.0% - 8.4% xxx
PE Ratio xxx N/A 54.8 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 86.9% 67.8% xxx

Dividend yield today if purchased 3 years ago: 2.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.35

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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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Macquarie

19/02/2026

1

Upgrade to Outperform from Neutral

$29.00

5.69%

Macquarie believes TechnologyOne faces limited AI disruption risk as a deeply-embedded vertical software platform, serving highly regulated public sector markets for core operations. Customers sign long-term (10 year) contracts.

Moreover, new AI products (PLUS and product-enabled AI) are usage-based, marking a shift to a value-share revenue model. This reduces reliance on seat-based pricing and protects against AI threats, Macquarie suggests.

An uplift of 1.5% to profit growth rate combined with a 38-year track record of delivery suggests to Macquarie valuation is attractive relative to history post-AI sell-off.

Upgrade to Outperform from Neutral, target rises to $29.00 from $28.20.

FORECAST
Macquarie forecasts a full year FY26 dividend of 35.60 cents and EPS of 49.80 cents.
Macquarie forecasts a full year FY27 dividend of 41.10 cents and EPS of 58.80 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$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

53.61%

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
Rudi’s View: Make Today’s Crisis Your Opportunity

Mar 25 2026 - Rudi's View
2
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View
3
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-02-26

Feb 27 2026 - Weekly Reports
5
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View

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