TECHNOLOGY ONE LIMITED (TNE)
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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

$40.55

19 Jun
2025

-0.600

OPEN

$40.67

-1.46%

HIGH

$41.04

764,711

LOW

$40.33

TARGET
$37.54 -7.4% 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 42.2 xxx
DPS (cps) xxx 22.5 25.9 xxx
EPS Growth xxx 14.3% 16.4% xxx
DPS Growth xxx 15.0% 15.4% xxx
PE Ratio xxx N/A 96.2 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx 61.9% 61.4% xxx

Dividend yield today if purchased 3 years ago: 2.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.55

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

21/05/2025

3

Hold

$35.50

-12.45%

TechnologyOne's 1H25 result beat Bell Potter's forecasts on revenue, profit before tax (PBT) and normalised profit before tax. Profit margin came in at 28.1% vs the broker's 26.4% forecast.

The analyst believes the company's FY25 PBT guidance of 13-17% growth appears conservative as it implies just 10% growth in 2H. 

The broker is forecasting 19% PBT growth, resulting in a 1% upgrade to the previous FY25 forecast, and a 2% increase to FY26 forecast.

Hold retained. Target rises to $35.5 from $31.00 as the broker raised the valuation multiples for the second time this month.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 26.60 cents and EPS of 42.60 cents.
Bell Potter forecasts a full year FY26 dividend of 31.90 cents and EPS of 51.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

26/05/2025

1

Overweight

$40.99

1.09%

Wilsons raises its target price for TechnologyOne to $40.99 from $32.69 and retains an Overweight rating following a strong interim result and upgraded FY25 profit guidance.

Profit before tax rose 33% year-on-year to $81.9m, while annual recurring revenue (ARR) climbed 21% to $511m. The broker observes broad-based growth across core verticals and strong momentum in the UK.

SaaS and recurring revenue now account for 91% of total operating revenue, and net cash of $212m enhances financial flexibility, point out the analysts.

Wilsons makes modest upgrades to FY25-27 earnings (EBITDA) forecasts. The analysts see further upside from SaaS-Plus and its next-generation, Australian-made Digital Experience Platform (DXP) for Local Government.

FORECAST
Wilsons forecasts a full year FY25 dividend of 24.00 cents and EPS of 43.00 cents.
Wilsons forecasts a full year FY26 dividend of 26.70 cents and EPS of 52.00 cents.
Access Extra Coverage Research History >

TNE STOCK CHART

FNArena News on TNE

Latest IT & Support News

1
TechnologyOne’s SaaS Transformation ‘Complete’

Jun 08 2022 - Australia
2
The Dark Web: Australia’s Cyber Threat

May 09 2022 - Australia
3
End in Sight for TechnologyOne Transition

Nov 29 2021 - Australia
4
Nitro Software Into Global Top Three With Acquisition

Nov 22 2021 - Small Caps
5
Growth Plans Intact At TechnologyOne

May 26 2021 - Australia
6
Appen Steps Up Product Development

May 25 2021 - Australia
7
Could Competition Shake Up Appen?

Feb 26 2021 - Australia
8
Short Term Pain For Appen

Dec 11 2020 - Australia
9
Rudi’s View: TechnologyOne Questions Answered

Dec 08 2020 - Rudi's View
10
TechnologyOne Reaffirms Strength

Nov 25 2020 - Australia