Technology One Limited

ASX:TNE Stock Report

Market Cap: AU$13.2b

Technology One (TNE) Stock Overview

Engages in the development, marketing, sale, implementation, and support of integrated enterprise business software solutions in Australia and internationally. More details

TNE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 11.1% below our estimate of its fair value

Earnings are forecast to grow 16.39% per year

Earnings grew by 21.3% over the past year

Risk Analysis

No risks detected for TNE from our risk checks.

TNE Community Fair Values

Create Narrative

See what 71 others think this stock is worth. Follow their fair value or set your own to get alerts.

TNE
Technology One
AN
AnalystConsensusTarget
Consensus Narrative from 17 Analysts

Overvaluation Will Encounter Regulatory Headwinds And SaaS Resilience

Key Takeaways Over-optimism on sustained growth and margins may ignore rising competition, regulation, and technology shifts that could pressure revenue and profitability. Customer retention is vulnerable to trends in open data, government interoperability, and disruptive competitors, risking softer recurring revenue and weaker long-term margins.
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AU$36.22
FV
11.7% overvalued intrinsic discount
15.09%
Revenue growth p.a.
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40users have followed this narrative
4 days ago author updated this narrative
TNE
Technology One
AN
AnalystLowTarget
Consensus Narrative from 17 Analysts

ANZ Public Sector Reliance And Global Scrutiny Will Constrain Margins

Key Takeaways Strong reliance on government contracts and a shift to SaaS models create revenue risks, while aggressive global and regulatory environments add further complexity and cost pressures. Rising competition from global SaaS giants and niche cloud solutions threatens market share, pricing power, and long-term earnings stability.
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AU$22.61
FV
78.9% overvalued intrinsic discount
14.88%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
4 days ago author updated this narrative
TNE
Technology One
AN
AnalystHighTarget
Consensus Narrative from 17 Analysts

Cloud Adoption And Digital Transformation Will Expand Opportunities

Key Takeaways Accelerated SaaS adoption, superior customer retention, and vertical expertise are driving stronger-than-expected recurring revenue and profit growth across key markets. Differentiation through security, product innovation, and strategic international expansion supports high win rates, margin gains, and long-term revenue outperformance.
View narrative
AU$45.00
FV
10.1% undervalued intrinsic discount
17.58%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
4 days ago author updated this narrative
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Technology One Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Technology One
Historical stock prices
Current Share PriceAU$40.45
52 Week HighAU$42.88
52 Week LowAU$18.28
Beta0.50
1 Month Change-4.58%
3 Month Change59.57%
1 Year Change121.16%
3 Year Change258.92%
5 Year Change362.81%
Change since IPO4,479.25%

Recent News & Updates

Technology One (ASX:TNE) Is Posting Promising Earnings But The Good News Doesn’t Stop There

May 26
Technology One (ASX:TNE) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Technology One Limited's (ASX:TNE) 31% Price Boost Is Out Of Tune With Revenues

May 20
Technology One Limited's (ASX:TNE) 31% Price Boost Is Out Of Tune With Revenues

Recent updates

Technology One (ASX:TNE) Is Posting Promising Earnings But The Good News Doesn’t Stop There

May 26
Technology One (ASX:TNE) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Technology One Limited's (ASX:TNE) 31% Price Boost Is Out Of Tune With Revenues

May 20
Technology One Limited's (ASX:TNE) 31% Price Boost Is Out Of Tune With Revenues

Technology One Limited's (ASX:TNE) Intrinsic Value Is Potentially 41% Above Its Share Price

Mar 08
Technology One Limited's (ASX:TNE) Intrinsic Value Is Potentially 41% Above Its Share Price

Here's Why Technology One Limited's (ASX:TNE) CEO May Deserve A Raise

Feb 12
Here's Why Technology One Limited's (ASX:TNE) CEO May Deserve A Raise

Here's Why We Think Technology One (ASX:TNE) Might Deserve Your Attention Today

Feb 06
Here's Why We Think Technology One (ASX:TNE) Might Deserve Your Attention Today
author-image

Shift To SaaS+ And Heavy R&D Investment May Limit Short-Term Profits But Fuel Future Growth

Integration of CourseLoop into their ERP suite aims to enhance market presence and boost revenue in the education sector.

Technology One Limited's (ASX:TNE) 27% Share Price Surge Not Quite Adding Up

Nov 23
Technology One Limited's (ASX:TNE) 27% Share Price Surge Not Quite Adding Up

Earnings Update: Here's Why Analysts Just Lifted Their Technology One Limited (ASX:TNE) Price Target To AU$27.45

Nov 22
Earnings Update: Here's Why Analysts Just Lifted Their Technology One Limited (ASX:TNE) Price Target To AU$27.45

Shareholders Are Optimistic That Technology One (ASX:TNE) Will Multiply In Value

Nov 14
Shareholders Are Optimistic That Technology One (ASX:TNE) Will Multiply In Value

Calculating The Fair Value Of Technology One Limited (ASX:TNE)

Oct 31
Calculating The Fair Value Of Technology One Limited (ASX:TNE)

Shareholder Returns

TNEAU SoftwareAU Market
7D-0.1%0.7%1.1%
1Y121.2%32.8%8.6%

Return vs Industry: TNE exceeded the Australian Software industry which returned 32.8% over the past year.

Return vs Market: TNE exceeded the Australian Market which returned 8.6% over the past year.

Price Volatility

Is TNE's price volatile compared to industry and market?
TNE volatility
TNE Average Weekly Movement5.6%
Software Industry Average Movement9.5%
Market Average Movement9.6%
10% most volatile stocks in AU Market18.8%
10% least volatile stocks in AU Market3.6%

Stable Share Price: TNE has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: TNE's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19831,300Ed Chungwww.technology1.com

Technology One Limited engages in the development, marketing, sale, implementation, and support of integrated enterprise business software solutions in Australia and internationally. The company operates through Software and Consulting segments. It offers various business software solutions, including business analytics, app builder, corporate performance management, DxP local government, DxP Student, DxP Essentials, enterprise asset management, enterprise budgeting, enterprise cash receipting, enterprise content management, financials, human resources and payroll, performance planning, property and rating, spatial, student management, timetabling and scheduling, and supply chain management.

Technology One Limited Fundamentals Summary

How do Technology One's earnings and revenue compare to its market cap?
TNE fundamental statistics
Market capAU$13.24b
Earnings (TTM)AU$132.98m
Revenue (TTM)AU$551.68m
99.5x
P/E Ratio
24.0x
P/S Ratio

Is TNE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TNE income statement (TTM)
RevenueAU$551.68m
Cost of RevenueAU$226.27m
Gross ProfitAU$325.40m
Other ExpensesAU$192.42m
EarningsAU$132.98m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Nov 18, 2025

Earnings per share (EPS)0.41
Gross Margin58.98%
Net Profit Margin24.11%
Debt/Equity Ratio0%

How did TNE perform over the long term?

See historical performance and comparison

Dividends

0.6%
Current Dividend Yield
59%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/05 09:02
End of Day Share Price 2025/07/04 00:00
Earnings2025/03/31
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Technology One Limited is covered by 32 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Josh KannourakisBarrenjoey Markets Pty Limited
Chris SavageBell Potter