TECHNOLOGY ONE LIMITED (TNE)
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TNE - TECHNOLOGY ONE LIMITED

FNArena Sector : IT & Support
Year End: September
GICS Industry Group : Software & Services
Debt/EBITDA: 0.19
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

$16.01

11 Apr
2024

-0.630

OPEN

$16.28

-3.79%

HIGH

$16.44

1,284,699

LOW

$15.61

TARGET
$16.071 0.4% upside
Franking for last dividend paid out: 60%
OTHER COMPANIES IN THE SAME SECTOR
APX . DTL . FLN . HSN . IRI . OCL . STG .
FNARENA'S MARKET CONSENSUS FORECASTS
TNE: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 35.2 xxx
DPS (cps) xxx N/A 20.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 46.1 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx N/A 57.5% xxx

Dividend yield today if purchased 3 years ago: 2.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.20

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: 30/11 - ex-div 14.9c (franking 60%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx31.7
DPS All xxxxxxxxxxxxxxx19.5
Sales/Revenue xxxxxxxxxxxxxxx429.4 M
Book Value Per Share xxxxxxxxxxxxxxx94.3
Net Operating Cash Flow xxxxxxxxxxxxxxx193.7 M
Net Profit Margin xxxxxxxxxxxxxxx23.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx37.75 %
Return on Invested Capital xxxxxxxxxxxxxxx34.48 %
Return on Assets xxxxxxxxxxxxxxx16.06 %
Return on Equity xxxxxxxxxxxxxxx37.75 %
Return on Total Capital xxxxxxxxxxxxxxx39.08 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx129.3 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx24 M
Total Debt xxxxxxxxxxxxxxx33 M
Goodwill - Gross xxxxxxxxxxxxxxx55 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx223 M
Price To Book Value xxxxxxxxxxxxxxx16.45

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx90.1 M
Capex % of Sales xxxxxxxxxxxxxxx20.99 %
Cost of Goods Sold xxxxxxxxxxxxxxx250 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

22/11/2023

3

Hold

$16.50

3.06%

Revenue momentum within TechnologyOne's largely in-line FY23 result was a highlight for Morgans. Management also brought forward the $500m annual recurring revenue (ARR) target to FY25 from FY26.

As at September 30, the cash and equivalent balance was $223m, and a 14.9cps final dividend was declared (which includes a 3cps special dividend).

While no formal guidance was provided, management reiterated the long-term goal to double earnings and revenue every five years.

The broker's target rises to $16.50 from $15.00 largely due to the valuation roll forward and an update against peer multiples. Hold.

FORECAST
Morgans forecasts a full year FY24 dividend of 21.90 cents and EPS of 36.09 cents.
Morgans forecasts a full year FY25 dividend of 24.43 cents and EPS of 40.91 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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TNE STOCK CHART