TYLER TECHNOLOGIES INC (TYL) Stock Fundamental Analysis
NYSE:TYL - US9022521051 - Common Stock
566.67 USD
-1.28 (-0.23%)
566.67 USD
0 (0%)
Taking everything into account, TYL scores 5 out of 10 in our fundamental rating. TYL was compared to 283 industry peers in the Software industry. TYL has only an average score on both its financial health and profitability. TYL is valued quite expensive, but it does show an excellent growth. This makes TYL very considerable 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 better Return On Assets (5.65%) than 74.56% of its industry peers.
With a decent Return On Equity value of 8.44%, TYL is doing good in the industry, outperforming 73.85% of the companies in the same industry.
TYL has a better Return On Invested Capital (7.64%) than 79.15% of its industry peers.
TYL had an Average Return On Invested Capital over the past 3 years of 5.40%. This is significantly below the industry average of 11.99%.
The 3 year average ROIC (5.40%) for TYL is below the current ROIC(7.64%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 13.66%, TYL is doing good in the industry, outperforming 78.09% of the companies in the same industry.
In the last couple of years the Profit Margin of TYL has declined.
TYL has a Operating Margin of 15.11%. This is amongst the best in the industry. TYL outperforms 81.98% of its industry peers.
TYL's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 45.18%, TYL is not doing good in the industry: 70.32% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TYL has declined.
| 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.
Compared to 1 year ago, TYL has more shares outstanding
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
An Altman-Z score of 9.34 indicates that TYL is not in any danger for bankruptcy at the moment.
TYL has a better Altman-Z score (9.34) than 86.57% 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 | 9.34 |
ROIC/WACC0.68
WACC11.18%
2.3 Liquidity
A Current Ratio of 1.03 indicates that TYL should not have too much problems paying its short term obligations.
The Current ratio of TYL (1.03) is worse than 72.44% of its industry peers.
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.
TYL has a worse Quick ratio (1.03) than 71.73% of its industry peers.
| 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 23.29% 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.
The Revenue has grown by 10.69% in the past year. This is quite good.
The Revenue has been growing by 14.50% on average over the past years. This is quite good.
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.
The Revenue is expected to grow by 9.31% on average over the next years. This is quite good.
EPS Next Y18.26%
EPS Next 2Y14.63%
EPS Next 3Y14.07%
EPS Next 5Y15.65%
Revenue Next Year9.13%
Revenue Next 2Y9.43%
Revenue Next 3Y9.5%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 53.26, TYL can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as TYL.
TYL is valuated expensively when we compare the Price/Earnings ratio to 26.76, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 45.16 indicates a quite expensive valuation of TYL.
TYL's Price/Forward Earnings ratio is in line with the industry average.
TYL's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 34.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.26 | ||
| Fwd PE | 45.16 |
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 62.54% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, TYL is valued a bit cheaper than the industry average as 66.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.38 | ||
| EV/EBITDA | 49.42 |
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 14.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.92
PEG (5Y)4.26
EPS Next 2Y14.63%
EPS Next 3Y14.07%
5. Dividend
5.1 Amount
TYL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
566.67
-1.28 (-0.23%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners96.03%
Inst Owner Change22.43%
Ins Owners0.33%
Ins Owner Change0.96%
Market Cap24.43B
Analysts79.17
Price Target685.08 (20.9%)
Short Float %2.84%
Short Ratio3.68
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)0.77%
PT rev (3m)0.14%
EPS NQ rev (1m)0.97%
EPS NQ rev (3m)-0.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.04%
Revenue NQ rev (1m)0.61%
Revenue NQ rev (3m)0.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 53.26 | ||
| Fwd PE | 45.16 | ||
| P/S | 10.88 | ||
| P/FCF | 40.38 | ||
| P/OCF | 38 | ||
| P/B | 6.72 | ||
| P/tB | 108.98 | ||
| EV/EBITDA | 49.42 |
EPS(TTM)10.64
EY1.88%
EPS(NY)12.55
Fwd EY2.21%
FCF(TTM)14.03
FCFY2.48%
OCF(TTM)14.91
OCFY2.63%
SpS52.08
BVpS84.29
TBVpS5.2
PEG (NY)2.92
PEG (5Y)4.26
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 | 9.34 |
F-Score6
WACC11.18%
ROIC/WACC0.68
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 Y18.26%
EPS Next 2Y14.63%
EPS Next 3Y14.07%
EPS Next 5Y15.65%
Revenue 1Y (TTM)10.69%
Revenue growth 3Y10.32%
Revenue growth 5Y14.5%
Sales Q2Q%10.19%
Revenue Next Year9.13%
Revenue Next 2Y9.43%
Revenue Next 3Y9.5%
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%