NYSE:TYL

Stock Analysis Report

Executive Summary

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector in the United States and internationally.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Tyler Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.9%

TYL

-2.7%

US Software

1.0%

US Market


1 Year Return

24.7%

TYL

19.2%

US Software

8.0%

US Market

Return vs Industry: TYL exceeded the US Software industry which returned 19.2% over the past year.

Return vs Market: TYL exceeded the US Market which returned 8% over the past year.


Shareholder returns

TYLIndustryMarket
7 Day-1.9%-2.7%1.0%
30 Day1.9%-2.7%-0.07%
90 Day20.0%-7.0%-1.0%
1 Year24.7%24.7%21.0%19.2%10.4%8.0%
3 Year58.3%58.3%111.2%102.7%46.2%36.7%
5 Year151.0%151.0%164.9%145.8%64.3%46.2%

Price Volatility Vs. Market

How volatile is Tyler Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tyler Technologies undervalued compared to its fair value and its price relative to the market?

78.01x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TYL ($263.28) is trading above our estimate of fair value ($120.38)

Significantly Below Fair Value: TYL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TYL is poor value based on its PE Ratio (78x) compared to the Software industry average (45.8x).

PE vs Market: TYL is poor value based on its PE Ratio (78x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: TYL is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: TYL is overvalued based on its PB Ratio (7.1x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

How is Tyler Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYL's forecast earnings growth (22.7% per year) is above the savings rate (2.7%).

Earnings vs Market: TYL's earnings (22.7% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TYL's revenue (10.6% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: TYL's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TYL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tyler Technologies performed over the past 5 years?

24.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TYL's earnings have grown significantly by 24.2% per year over the past 5 years.

Accelerating Growth: TYL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TYL had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Software industry average (19.1%).


Return on Equity

High ROE: TYL's Return on Equity (9.1%) is considered low.


Return on Assets

ROA vs Industry: TYL has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: TYL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Tyler Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TYL's short term assets ($453.6M) do not cover its short term liabilities ($453.7M)

Long Term Liabilities: TYL's short term assets (453.6M) exceeds its long term liabilities (74.1M)


Debt to Equity History and Analysis

Debt Level: TYL's debt to equity ratio (1.1%) is considered satisfactory

Reducing Debt: Insufficient data to determine if TYL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TYL's debt is well covered by operating cash flow (1542.8%).

Interest Coverage: TYL's interest payments on its debt are well covered by EBIT (193.7x coverage).


Balance Sheet

Inventory Level: TYL has a low level of unsold assets or inventory.

Debt Coverage by Assets: TYL's debt is covered by short term assets (assets are 30.238000x debt).


Next Steps

Dividend

What is Tyler Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate TYL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TYL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TYL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TYL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TYL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Tyler Technologies's salary, the management and board of directors tenure and is there insider trading?

11.7yrs

Average management tenure


CEO

H. Moore (51yo)

1.4yrs

Tenure

US$19,835,252

Compensation

Mr. H. Lynn Moore, Jr., has been President of Tyler Technologies, Inc. since January 2017 and has been its Chief Executive Officer since May 10, 2018. Mr. Moore served as Executive Vice President at Tyler  ...


CEO Compensation Analysis

Compensation vs. Market: H. has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: H.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

11.7yrs

Average Tenure

59yo

Average Age

Experienced Management: TYL's management team is seasoned and experienced (11.7 years average tenure).


Board Age and Tenure

4.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TYL's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: TYL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$77,53211 Sep 19
Glenn Carter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares300
Max PriceUS$258.44
SellUS$4,725,05309 Aug 19
John Marr
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares18,592
Max PriceUS$255.87
SellUS$71,97317 Jun 19
Glenn Carter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares325
Max PriceUS$221.46
SellUS$3,312,96614 Jun 19
John Marr
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares15,000
Max PriceUS$220.86
SellUS$42,46016 May 19
Glenn Carter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares200
Max PriceUS$212.30
SellUS$317,78616 May 19
Luther King Capital Management Corporation
EntityCompany
Shares1,500
Max PriceUS$212.21
SellUS$53,15407 Nov 18
Luther King Capital Management Corporation
EntityCompany
Shares275
Max PriceUS$193.29

Ownership Breakdown


Management Team

  • Brian Miller (60yo)

    Executive VP

    • Tenure: 14.4yrs
    • Compensation: US$8.33m
  • H. Moore (51yo)

    CEO, President & Director

    • Tenure: 1.4yrs
    • Compensation: US$19.84m
  • John Marr (59yo)

    Executive Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$19.42m
  • Dustin Womble (60yo)

    Director

    • Tenure: 14.4yrs
  • Brett Cate

    Chief Sales Officer

    • Tenure: 0yrs
  • Jeff Green

    Chief Technology Officer

    • Tenure: 0yrs
  • W. Smith (54yo)

    Chief Accounting Officer

    • Tenure: 13.6yrs
  • Matt Bieri

    Chief Information Officer

    • Tenure: 9.8yrs
  • Samantha Crosby

    Chief Marketing Officer

    • Tenure: 0yrs
  • Abby Diaz

    Chief Legal Officer & Corporate Secretary

    • Tenure: 2.8yrs

Board Members

  • John King (79yo)

    Independent Director

    • Tenure: 15.4yrs
    • Compensation: US$325.04k
  • Donald Brattain (78yo)

    Lead Director

    • Tenure: 2.8yrs
    • Compensation: US$314.79k
  • H. Moore (51yo)

    CEO, President & Director

    • Tenure: 1.4yrs
    • Compensation: US$19.84m
  • Brenda Cline (58yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$328.79k
  • John Marr (59yo)

    Executive Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$19.42m
  • Dustin Womble (60yo)

    Director

    • Tenure: 14.4yrs
  • Glenn Carter (63yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$312.54k
  • Daniel Pope (56yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$300.54k

Company Information

Tyler Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tyler Technologies, Inc.
  • Ticker: TYL
  • Exchange: NYSE
  • Founded: 1966
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$10.158b
  • Shares outstanding: 38.58m
  • Website: https://www.tylertech.com

Number of Employees


Location

  • Tyler Technologies, Inc.
  • 5101 Tennyson Parkway
  • Plano
  • Texas
  • 75024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYLNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1969
TYPDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1969
TYL *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1969

Biography

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:42
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.