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: 0.28
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

$38.61

23 May
2025

0.610

OPEN

$38.01

1.61%

HIGH

$38.61

1,356,661

LOW

$37.63

TARGET
$36.432 -5.6% downside
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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 36.2 42.1 xxx
DPS (cps) xxx 22.5 26.0 xxx
EPS Growth xxx 14.3% 16.1% xxx
DPS Growth xxx 15.0% 15.7% xxx
PE Ratio xxx N/A 91.7 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 61.9% 61.7% xxx

Dividend yield today if purchased 3 years ago: 2.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.58

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

0.2

No. Of Recommendations

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

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

21/05/2025

3

Neutral

$34.40

-10.90%

Macquarie highlights TechnologyOne's contract pipeline strength is growing, both in terms of geographies and verticals. Significantly, most new deals are larger than the current ARR per customer of $401,000.

The company flagged confidence in managing SaaS-plus margin headwinds, suggesting potential for expansion from here.

The broker cut FY25 EPS forecast by -2% and FY26 by -3%, reflecting larger deals in the pipeline, but this is offset by near-term margin headwind and shift to higher tax rate.

Neutral. Target price rises to $34.40 from $31.00, underpinned by DCF changes.

FORECAST
Macquarie forecasts a full year FY25 dividend of 27.00 cents and EPS of 42.90 cents.
Macquarie forecasts a full year FY26 dividend of 32.20 cents and EPS of 51.30 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

23/05/2025

3

Neutral

$38.10

-1.32%

Goldman Sachs raises its target price for TechnologyOne to $38.10 from $26.90 and maintains a Neutral rating, following a stronger-

Profit (PBT) beat the broker forecasts by 7%, driven by 50% year-on-year growth in UK annual recurring revenue (ARR) and continued traction in its SaaS Plus offering. Free cash flow improved to $24m from -$3.8m in 1H24, while churn hit a record low of 0.3%.

Although FY25 guidance implies slower growth in the second half, Goldman Sachs believes the company is historically conservative in its forecasts and continues to view 15-20% growth as the "new normal".

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 26.00 cents and EPS of 43.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 31.00 cents and EPS of 51.00 cents.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

1
Next Week At A Glance – 26-30 May 2025

May 23 2025 - Weekly Reports
2
FNArena Corporate Results Monitor – 23-05-2025

May 23 2025 - Australia
3
TechnologyOne: The ‘Beat’ Goes On

May 23 2025 - Australia
4
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View
5
Rudi’s View: Is Buy The Dip Changing Markets?

May 21 2025 - Rudi's View

Latest IT & Support News

1
TechnologyOne: The ‘Beat’ Goes On

May 23 2025 - Australia
2
Technology One Shares Aiming For A Breakout

Apr 15 2025 - Technicals
3
Hansen’s Powercloud Ready To Perform

Apr 01 2025 - Small Caps
4
Quality By Any Objective Measure

Oct 04 2024 - Small Caps
5
Rudi’s View: It’s Special vs Cheap, But Who’s Most At Risk?

May 29 2024 - Rudi's View
6
Treasure Chest: TechnologyOne’s Transition

Mar 18 2024 - Treasure Chest
7
Hansen Technologies: Focus On FY26

Feb 26 2024 - Small Caps
8
Data#3 Guilty Of Miscommunication

Feb 19 2024 - Small Caps
9
Dropsuite Trajectory Impresses

Oct 25 2023 - Small Caps
10
Disciplined Hansen Technologies Remains Upbeat

Feb 24 2023 - Small Caps