TECHNOLOGY ONE LIMITED (TNE)
Share Price Analysis and Chart

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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

$22.69

06 Sep
2024

-0.160

OPEN

$22.68

-0.70%

HIGH

$22.87

539,422

LOW

$22.55

TARGET
$19.221 -15.3% 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 FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 31.7 36.2 xxx
DPS (cps) xxx 19.5 21.8 xxx
EPS Growth xxx 15.3% 14.1% xxx
DPS Growth xxx 14.7% 11.7% xxx
PE Ratio xxx N/A 62.7 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 61.6% 60.3% xxx

Dividend yield today if purchased 3 years ago: 1.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.86

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: 30/05 - ex-div 5.08c (franking 65%)

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 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

0.6

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

31/07/2024

1

Add

$20.50

-9.65%

The analysts at Morgans came away from TechnologyOne's investor day with greater confidence in management’s ability to execute and deliver shareholder value, noting a huge upcoming opportunity for growth.

The broker anticipates the company's EPS growth will keep compounding and then accelerate in the medium-term once
the short-term drag from the transition to SaaS-Plus has been cleared.

SaaS-Plus extends the traditional Software as a Service (SaaS) model by providing a comprehensive, all-inclusive enterprise resource planning (ERP) solution.

The Add rating and $20.50 target are unchanged.

FORECAST
Morgans forecasts a full year FY24 dividend of 22.35 cents and EPS of 36.47 cents.
Morgans forecasts a full year FY25 dividend of 25.53 cents and EPS of 41.92 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

04/07/2024

1

Buy

$19.70

-13.18%

Goldman Sachs retains an upbeat view on the growth outlook for TechnologyOne as the UK addressable market is two-to-three times larger than A&NZ with minimal current penetration.

The broker forecasts TechnologyOne can expand earnings before tax at a compound average growth rate of 17% between FY23 and FY26 with better outcomes if management achieve its growth targets.

The target price is lifted 5% to $19.70. Buy rating unchanged with no changes to earnings forecasts.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 22.00 cents and EPS of 37.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 26.00 cents and EPS of 43.00 cents.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

1
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports
2
Rudi’s View: Model Portfolios, Best Ideas & Conviction Calls

Aug 15 2024 - Rudi's View
3
Rudi’s View: August Results – Early Beginnings

Aug 14 2024 - Rudi's View
4
Rudi’s View: First Relief, Then More Selling?

Aug 08 2024 - Rudi's View
5
ESG Focus: The Little Big Things – 06-08-2024

Aug 07 2024 - ESG Focus

Latest IT & Support News

1
Rudi’s View: It’s Special vs Cheap, But Who’s Most At Risk?

May 29 2024 - Rudi's View
2
Treasure Chest: TechnologyOne’s Transition

Mar 18 2024 - Treasure Chest
3
Hansen Technologies: Focus On FY26

Feb 26 2024 - Small Caps
4
Data#3 Guilty Of Miscommunication

Feb 19 2024 - Small Caps
5
Dropsuite Trajectory Impresses

Oct 25 2023 - Small Caps
6
Disciplined Hansen Technologies Remains Upbeat

Feb 24 2023 - Small Caps
7
Data#3 Has Growth Locked In For FY23

Aug 23 2022 - Small Caps
8
Treasure Chest: Appen Downgraded

Aug 03 2022 - Treasure Chest
9
Nitro Software Disappoints, Better Times Ahead?

Jul 28 2022 - Small Caps
10
TechnologyOne’s SaaS Transformation ‘Complete’

Jun 08 2022 - Australia