TYLER TECHNOLOGIES INC (TYL) Stock Fundamental Analysis
USA - NYSE:TYL - US9022521051 - Common Stock
536.38 USD
+1.71 (+0.32%)
536.38 USD
0 (0%)
Taking everything into account, TYL scores 5 out of 10 in our fundamental rating. TYL was compared to 280 industry peers in the Software industry. TYL has an average financial health and profitability rating. TYL is valued quite expensive, but it does show an excellent growth. These ratings could make TYL a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
TYL had positive earnings in the past year.
In the past year TYL had a positive cash flow from operations.
TYL had positive earnings in each of the past 5 years.
TYL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TYL has a Return On Assets of 5.65%. This is in the better half of the industry: TYL outperforms 73.93% of its industry peers.
TYL has a better Return On Equity (8.44%) than 73.57% of its industry peers.
The Return On Invested Capital of TYL (7.64%) is better than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TYL is significantly below the industry average of 11.85%.
The last Return On Invested Capital (7.64%) for TYL is above the 3 year average (5.40%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.65% | ||
| ROE | 8.44% | ||
| ROIC | 7.64% |
ROA(3y)4.04%
ROA(5y)4.6%
ROE(3y)6.56%
ROE(5y)7.28%
ROIC(3y)5.4%
ROIC(5y)5.58%
1.3 Margins
TYL has a better Profit Margin (13.66%) than 76.79% of its industry peers.
In the last couple of years the Profit Margin of TYL has declined.
With an excellent Operating Margin value of 15.11%, TYL belongs to the best of the industry, outperforming 81.43% of the companies in the same industry.
In the last couple of years the Operating Margin of TYL has remained more or less at the same level.
The Gross Margin of TYL (45.18%) is worse than 72.50% of its industry peers.
TYL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.11% | ||
| PM (TTM) | 13.66% | ||
| GM | 45.18% |
OM growth 3Y2.19%
OM growth 5Y-0.68%
PM growth 3Y6.66%
PM growth 5Y-1.82%
GM growth 3Y-0.6%
GM growth 5Y-1.65%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TYL is destroying value.
The number of shares outstanding for TYL has been increased compared to 1 year ago.
TYL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TYL has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.90 indicates that TYL is not in any danger for bankruptcy at the moment.
TYL has a better Altman-Z score (8.90) than 82.86% of its industry peers.
There is no outstanding debt for TYL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.99 | ||
| Altman-Z | 8.9 |
ROIC/WACC0.7
WACC10.88%
2.3 Liquidity
A Current Ratio of 1.03 indicates that TYL should not have too much problems paying its short term obligations.
TYL has a Current ratio of 1.03. This is in the lower half of the industry: TYL underperforms 71.79% of its industry peers.
A Quick Ratio of 1.03 indicates that TYL should not have too much problems paying its short term obligations.
The Quick ratio of TYL (1.03) is worse than 70.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
TYL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.29%, which is quite impressive.
The Earnings Per Share has been growing by 12.50% on average over the past years. This is quite good.
The Revenue has grown by 10.69% in the past year. This is quite good.
Measured over the past years, TYL shows a quite strong growth in Revenue. The Revenue has been growing by 14.50% on average per year.
EPS 1Y (TTM)23.29%
EPS 3Y10.8%
EPS 5Y12.5%
EPS Q2Q%21.25%
Revenue 1Y (TTM)10.69%
Revenue growth 3Y10.32%
Revenue growth 5Y14.5%
Sales Q2Q%10.19%
3.2 Future
TYL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.65% yearly.
TYL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.31% yearly.
EPS Next Y20.15%
EPS Next 2Y15.38%
EPS Next 3Y14.81%
EPS Next 5Y15.65%
Revenue Next Year9.82%
Revenue Next 2Y9.55%
Revenue Next 3Y9.71%
Revenue Next 5Y9.31%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
TYL is valuated quite expensively with a Price/Earnings ratio of 50.41.
TYL's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.20, TYL is valued quite expensively.
Based on the Price/Forward Earnings ratio of 42.19, the valuation of TYL can be described as expensive.
TYL's Price/Forward Earnings ratio is in line with the industry average.
TYL's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.41 | ||
| Fwd PE | 42.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TYL is valued a bit cheaper than 65.00% of the companies in the same industry.
66.79% of the companies in the same industry are more expensive than TYL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.34 | ||
| EV/EBITDA | 46.74 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of TYL may justify a higher PE ratio.
TYL's earnings are expected to grow with 14.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.5
PEG (5Y)4.03
EPS Next 2Y15.38%
EPS Next 3Y14.81%
5. Dividend
5.1 Amount
No dividends for TYL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
536.38
+1.71 (+0.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners96.03%
Inst Owner Change22.44%
Ins Owners0.33%
Ins Owner Change-0.79%
Market Cap23.20B
Analysts79.17
Price Target685.22 (27.75%)
Short Float %2.81%
Short Ratio3.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.87%
Min EPS beat(2)3.84%
Max EPS beat(2)7.9%
EPS beat(4)3
Avg EPS beat(4)3.27%
Min EPS beat(4)-1.13%
Max EPS beat(4)7.9%
EPS beat(8)7
Avg EPS beat(8)3.84%
EPS beat(12)10
Avg EPS beat(12)3.57%
EPS beat(16)13
Avg EPS beat(16)4.25%
Revenue beat(2)2
Avg Revenue beat(2)0.44%
Min Revenue beat(2)0.39%
Max Revenue beat(2)0.48%
Revenue beat(4)2
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.72%
Max Revenue beat(4)0.48%
Revenue beat(8)3
Avg Revenue beat(8)-0.7%
Revenue beat(12)4
Avg Revenue beat(12)-0.59%
Revenue beat(16)7
Avg Revenue beat(16)0.3%
PT rev (1m)0.02%
PT rev (3m)0.16%
EPS NQ rev (1m)0.25%
EPS NQ rev (3m)1.11%
EPS NY rev (1m)1.59%
EPS NY rev (3m)1.55%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.77%
Revenue NY rev (1m)0.64%
Revenue NY rev (3m)0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.41 | ||
| Fwd PE | 42.19 | ||
| P/S | 10.33 | ||
| P/FCF | 38.34 | ||
| P/OCF | 36.09 | ||
| P/B | 6.38 | ||
| P/tB | 103.49 | ||
| EV/EBITDA | 46.74 |
EPS(TTM)10.64
EY1.98%
EPS(NY)12.71
Fwd EY2.37%
FCF(TTM)13.99
FCFY2.61%
OCF(TTM)14.86
OCFY2.77%
SpS51.91
BVpS84.02
TBVpS5.18
PEG (NY)2.5
PEG (5Y)4.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.65% | ||
| ROE | 8.44% | ||
| ROCE | 9.04% | ||
| ROIC | 7.64% | ||
| ROICexc | 10.02% | ||
| ROICexgc | N/A | ||
| OM | 15.11% | ||
| PM (TTM) | 13.66% | ||
| GM | 45.18% | ||
| FCFM | 26.95% |
ROA(3y)4.04%
ROA(5y)4.6%
ROE(3y)6.56%
ROE(5y)7.28%
ROIC(3y)5.4%
ROIC(5y)5.58%
ROICexc(3y)6.06%
ROICexc(5y)6.77%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.39%
ROCE(5y)6.6%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y14.88%
ROICexc growth 5Y-4.33%
OM growth 3Y2.19%
OM growth 5Y-0.68%
PM growth 3Y6.66%
PM growth 5Y-1.82%
GM growth 3Y-0.6%
GM growth 5Y-1.65%
F-Score6
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.99 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 25.71% | ||
| Cap/Sales | 1.68% | ||
| Interest Coverage | 158.99 | ||
| Cash Conversion | 132.2% | ||
| Profit Quality | 197.25% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 8.9 |
F-Score6
WACC10.88%
ROIC/WACC0.7
Cap/Depr(3y)30.99%
Cap/Depr(5y)33.77%
Cap/Sales(3y)2.59%
Cap/Sales(5y)2.76%
Profit Quality(3y)205.85%
Profit Quality(5y)196.2%
High Growth Momentum
Growth
EPS 1Y (TTM)23.29%
EPS 3Y10.8%
EPS 5Y12.5%
EPS Q2Q%21.25%
EPS Next Y20.15%
EPS Next 2Y15.38%
EPS Next 3Y14.81%
EPS Next 5Y15.65%
Revenue 1Y (TTM)10.69%
Revenue growth 3Y10.32%
Revenue growth 5Y14.5%
Sales Q2Q%10.19%
Revenue Next Year9.82%
Revenue Next 2Y9.55%
Revenue Next 3Y9.71%
Revenue Next 5Y9.31%
EBIT growth 1Y29.45%
EBIT growth 3Y12.74%
EBIT growth 5Y13.72%
EBIT Next Year28.58%
EBIT Next 3Y19.71%
EBIT Next 5Y11.38%
FCF growth 1Y132.12%
FCF growth 3Y22.04%
FCF growth 5Y21.99%
OCF growth 1Y109.6%
OCF growth 3Y18.88%
OCF growth 5Y19.65%