TYLER TECHNOLOGIES INC (TYL) Stock Fundamental Analysis
USA - NYSE:TYL - US9022521051 - Common Stock
465.01 USD
+4.2 (+0.91%)
464 USD
-1.01 (-0.22%)
We assign a fundamental rating of 5 out of 10 to TYL. TYL was compared to 284 industry peers in the Software industry. Both the profitability and the financial health of TYL get a neutral evaluation. Nothing too spectacular is happening here. TYL shows excellent growth, but is valued quite expensive already. These ratings would make TYL suitable for growth investing!
1. Profitability
1.1 Basic Checks
TYL had positive earnings in the past year.
TYL had a positive operating cash flow in the past year.
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 5.78%. This is in the better half of the industry: TYL outperforms 74.65% of its industry peers.
Looking at the Return On Equity, with a value of 8.75%, TYL is in the better half of the industry, outperforming 73.59% of the companies in the same industry.
TYL's Return On Invested Capital of 7.95% is fine compared to the rest of the industry. TYL outperforms 78.52% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TYL is significantly below the industry average of 11.85%.
The 3 year average ROIC (5.40%) for TYL is below the current ROIC(7.95%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 8.75% | ||
| ROIC | 7.95% |
ROA(3y)4.04%
ROA(5y)4.6%
ROE(3y)6.56%
ROE(5y)7.28%
ROIC(3y)5.4%
ROIC(5y)5.58%
1.3 Margins
The Profit Margin of TYL (13.72%) is better than 75.70% of its industry peers.
In the last couple of years the Profit Margin of TYL has declined.
With an excellent Operating Margin value of 15.42%, TYL belongs to the best of the industry, outperforming 82.04% of the companies in the same industry.
TYL's Operating Margin has been stable in the last couple of years.
TYL's Gross Margin of 46.06% is on the low side compared to the rest of the industry. TYL is outperformed by 69.72% of its industry peers.
TYL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.42% | ||
| PM (TTM) | 13.72% | ||
| GM | 46.06% |
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
TYL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
Compared to 1 year ago, TYL has an improved debt to assets ratio.
2.2 Solvency
TYL has an Altman-Z score of 7.70. This indicates that TYL is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 7.70, TYL is doing good in the industry, outperforming 79.23% of the companies in the same industry.
TYL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 1 | ||
| Altman-Z | 7.7 |
ROIC/WACC0.73
WACC10.95%
2.3 Liquidity
A Current Ratio of 1.03 indicates that TYL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.03, TYL is not doing good in the industry: 70.77% of the companies in the same industry are doing better.
TYL has a Quick Ratio of 1.03. This is a normal value and indicates that TYL is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.03, TYL is not doing good in the industry: 69.72% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.09% over the past year.
Measured over the past years, TYL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.50% on average per year.
Looking at the last year, TYL shows a quite strong growth in Revenue. The Revenue has grown by 10.62% in the last year.
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)23.09%
EPS 3Y10.8%
EPS 5Y12.5%
EPS Q2Q%17.86%
Revenue 1Y (TTM)10.62%
Revenue growth 3Y10.32%
Revenue growth 5Y14.5%
Sales Q2Q%9.67%
3.2 Future
Based on estimates for the next years, TYL will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.56% on average per year.
TYL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.89% yearly.
EPS Next Y20.66%
EPS Next 2Y15.38%
EPS Next 3Y14.93%
EPS Next 5Y15.56%
Revenue Next Year9.87%
Revenue Next 2Y9.45%
Revenue Next 3Y9.65%
Revenue Next 5Y8.89%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 41.93, TYL can be considered very expensive at the moment.
TYL's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.67, TYL is valued quite expensively.
With a Price/Forward Earnings ratio of 36.58, TYL can be considered very expensive at the moment.
TYL's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 31.86, TYL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.93 | ||
| Fwd PE | 36.58 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TYL indicates a somewhat cheap valuation: TYL is cheaper than 66.90% of the companies listed in the same industry.
TYL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TYL is cheaper than 67.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.54 | ||
| EV/EBITDA | 40.45 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
TYL has a very decent profitability rating, which may justify a higher PE ratio.
TYL's earnings are expected to grow with 14.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.03
PEG (5Y)3.35
EPS Next 2Y15.38%
EPS Next 3Y14.93%
5. Dividend
5.1 Amount
TYL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
465.01
+4.2 (+0.91%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners98.65%
Inst Owner Change-1.28%
Ins Owners0.33%
Ins Owner Change-0.74%
Market Cap20.12B
Revenue(TTM)2.30B
Net Income(TTM)315.29M
Analysts79.17
Price Target683.72 (47.03%)
Short Float %2.57%
Short Ratio3.45
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)3.4%
Min EPS beat(2)2.97%
Max EPS beat(2)3.84%
EPS beat(4)3
Avg EPS beat(4)3.39%
Min EPS beat(4)-1.13%
Max EPS beat(4)7.9%
EPS beat(8)7
Avg EPS beat(8)3.37%
EPS beat(12)10
Avg EPS beat(12)3%
EPS beat(16)13
Avg EPS beat(16)3.6%
Revenue beat(2)1
Avg Revenue beat(2)-0.18%
Min Revenue beat(2)-0.75%
Max Revenue beat(2)0.39%
Revenue beat(4)2
Avg Revenue beat(4)-0.19%
Min Revenue beat(4)-0.87%
Max Revenue beat(4)0.48%
Revenue beat(8)3
Avg Revenue beat(8)-0.65%
Revenue beat(12)4
Avg Revenue beat(12)-0.6%
Revenue beat(16)6
Avg Revenue beat(16)-0.19%
PT rev (1m)-0.22%
PT rev (3m)0.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)0%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.93 | ||
| Fwd PE | 36.58 | ||
| P/S | 8.75 | ||
| P/FCF | 33.54 | ||
| P/OCF | 31.71 | ||
| P/B | 5.58 | ||
| P/tB | 101.93 | ||
| EV/EBITDA | 40.45 |
EPS(TTM)11.09
EY2.38%
EPS(NY)12.71
Fwd EY2.73%
FCF(TTM)13.87
FCFY2.98%
OCF(TTM)14.67
OCFY3.15%
SpS53.13
BVpS83.28
TBVpS4.56
PEG (NY)2.03
PEG (5Y)3.35
Graham Number144.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 8.75% | ||
| ROCE | 9.41% | ||
| ROIC | 7.95% | ||
| ROICexc | 10.64% | ||
| ROICexgc | N/A | ||
| OM | 15.42% | ||
| PM (TTM) | 13.72% | ||
| GM | 46.06% | ||
| FCFM | 26.1% |
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%
ROICexgc growth 3YN/A
ROICexgc 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-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 1 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 26.36% | ||
| Cap/Sales | 1.51% | ||
| Interest Coverage | 147.72 | ||
| Cash Conversion | 130.62% | ||
| Profit Quality | 190.24% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 7.7 |
F-Score8
WACC10.95%
ROIC/WACC0.73
Cap/Depr(3y)33.58%
Cap/Depr(5y)35.33%
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)23.09%
EPS 3Y10.8%
EPS 5Y12.5%
EPS Q2Q%17.86%
EPS Next Y20.66%
EPS Next 2Y15.38%
EPS Next 3Y14.93%
EPS Next 5Y15.56%
Revenue 1Y (TTM)10.62%
Revenue growth 3Y10.32%
Revenue growth 5Y14.5%
Sales Q2Q%9.67%
Revenue Next Year9.87%
Revenue Next 2Y9.45%
Revenue Next 3Y9.65%
Revenue Next 5Y8.89%
EBIT growth 1Y27.52%
EBIT growth 3Y12.74%
EBIT growth 5Y13.72%
EBIT Next Year28.99%
EBIT Next 3Y19.26%
EBIT Next 5Y11.38%
FCF growth 1Y94.89%
FCF growth 3Y22.04%
FCF growth 5Y21.99%
OCF growth 1Y78.78%
OCF growth 3Y18.88%
OCF growth 5Y19.65%
TYLER TECHNOLOGIES INC / TYL FAQ
Can you provide the ChartMill fundamental rating for TYLER TECHNOLOGIES INC?
ChartMill assigns a fundamental rating of 5 / 10 to TYL.
What is the valuation status for TYL stock?
ChartMill assigns a valuation rating of 3 / 10 to TYLER TECHNOLOGIES INC (TYL). This can be considered as Overvalued.
How profitable is TYLER TECHNOLOGIES INC (TYL) stock?
TYLER TECHNOLOGIES INC (TYL) has a profitability rating of 6 / 10.
Can you provide the financial health for TYL stock?
The financial health rating of TYLER TECHNOLOGIES INC (TYL) is 6 / 10.