Technology One Limited (TNE.AX)
Technology · ASX · Australia
Fundamentals
Valuation and ratings
Technology One Limited trades at AUD28.68, which is 59% above the AUD11.69 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 85 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 68.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TNE.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | AUD0.080 | 1 |
| 2025 | AUD0.366 | 2 |
| 2024 | AUD0.224 | 2 |
| 2023 | AUD0.195 | 2 |
| 2022 | AUD0.170 | 2 |
| 2021 | AUD0.139 | 2 |
| 2020 | AUD0.129 | 2 |
| 2019 | AUD0.119 | 2 |
| 2018 | AUD0.110 | 2 |
| 2017 | AUD0.102 | 2 |
| 2016 | AUD0.095 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TNE.AX earnings and analyst estimates
Recommendation mix, 16 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Technology One Limited
Technology One Limited engages in the development, marketing, sale, implementation, and support of integrated enterprise business software solutions in Australia and internationally. It operates through Software and Consulting segments. The company offers various business software solutions, including business analytics, app builder, corporate performance management, curriculum, 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. It serves local government, education, government, health and community services, asset and project intensive, and financial services and corporate organizations. Technology One Limited was incorporated in 1983 and is headquartered in Fortitude Valley, Australia.
TNE.AX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Technology One Limited (TNE.AX) undervalued?
Against our discounted cash flow estimate of AUD11.69, TNE.AX at AUD28.68 is 59% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is TNE.AX's P/E ratio?
TNE.AX trades at 68.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Technology One Limited (TNE.AX) pay a dividend?
Yes. Technology One Limited yields 0.94% at the current share price. It has paid AUD0.380 per share over the trailing twelve months. It has paid a dividend in each of the last 26 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.