TYLER TECHNOLOGIES INC (TYL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TYL - US9022521051 - Common Stock
464.97 USD
+7.07 (+1.54%)
464.97 USD
0 (0%)
Overall TYL gets a fundamental rating of 5 out of 10. We evaluated TYL against 278 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 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
In the past year TYL was profitable.
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 better Return On Assets (5.78%) than 74.82% of its industry peers.
TYL's Return On Equity of 8.75% is fine compared to the rest of the industry. TYL outperforms 72.66% of its industry peers.
With a decent Return On Invested Capital value of 7.95%, TYL is doing good in the industry, outperforming 78.06% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TYL is significantly below the industry average of 10.78%.
The last Return On Invested Capital (7.95%) for TYL is above the 3 year average (5.40%), which is a sign of increasing profitability.
| 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
TYL has a better Profit Margin (13.72%) than 76.98% of its industry peers.
TYL's Profit Margin has declined in the last couple of years.
TYL has a better Operating Margin (15.42%) than 82.01% of its industry peers.
In the last couple of years the Operating Margin of TYL has remained more or less at the same level.
Looking at the Gross Margin, with a value of 46.06%, TYL is doing worse than 70.50% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
Compared to 1 year ago, TYL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.66 indicates that TYL is not in any danger for bankruptcy at the moment.
TYL's Altman-Z score of 7.66 is amongst the best of the industry. TYL outperforms 81.65% of its industry peers.
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 | 7.66 |
ROIC/WACC0.73
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.
Looking at the Current ratio, with a value of 1.03, TYL is doing worse than 72.66% of the companies in the same industry.
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 Quick ratio of 1.03. This is in the lower half of the industry: TYL underperforms 71.94% 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 23.09% over the past year.
TYL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.50% yearly.
The Revenue has grown by 10.62% 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)23.09%
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
The Earnings Per Share is expected to grow by 15.56% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.99% on average over the next years. This is quite good.
EPS Next Y20.71%
EPS Next 2Y15.29%
EPS Next 3Y14.84%
EPS Next 5Y15.56%
Revenue Next Year9.92%
Revenue Next 2Y9.4%
Revenue Next 3Y9.3%
Revenue Next 5Y8.99%
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.
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
The Price/Earnings ratio is 41.93, which means the current valuation is very expensive for TYL.
The rest of the industry has a similar Price/Earnings ratio as TYL.
The average S&P500 Price/Earnings ratio is at 26.61. TYL is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 36.63, TYL can be considered very expensive at the moment.
TYL's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 24.01. TYL is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.93 | ||
| Fwd PE | 36.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TYL is valued a bit cheaper than the industry average as 64.03% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TYL is valued a bit cheaper than the industry average as 67.99% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.36 | ||
| EV/EBITDA | 40.23 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TYL does not grow enough to justify the current Price/Earnings ratio.
TYL has a very decent profitability rating, which may justify a higher PE ratio.
TYL's earnings are expected to grow with 14.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.02
PEG (5Y)3.35
EPS Next 2Y15.29%
EPS Next 3Y14.84%
5. Dividend
5.1 Amount
No dividends for TYL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
464.97
+7.07 (+1.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners98.91%
Inst Owner Change-20.64%
Ins Owners0.33%
Ins Owner Change-0.31%
Market Cap20.01B
Revenue(TTM)2.30B
Net Income(TTM)315.29M
Analysts79.17
Price Target653.95 (40.64%)
Short Float %3.74%
Short Ratio4.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-4.35%
PT rev (3m)-4.56%
EPS NQ rev (1m)0.28%
EPS NQ rev (3m)-2.67%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.93 | ||
| Fwd PE | 36.63 | ||
| P/S | 8.71 | ||
| P/FCF | 33.36 | ||
| P/OCF | 31.54 | ||
| P/B | 5.55 | ||
| P/tB | 101.37 | ||
| EV/EBITDA | 40.23 |
EPS(TTM)11.09
EY2.39%
EPS(NY)12.69
Fwd EY2.73%
FCF(TTM)13.94
FCFY3%
OCF(TTM)14.74
OCFY3.17%
SpS53.41
BVpS83.73
TBVpS4.59
PEG (NY)2.02
PEG (5Y)3.35
Graham Number144.54
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 | 7.66 |
F-Score8
WACC10.88%
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 Y20.71%
EPS Next 2Y15.29%
EPS Next 3Y14.84%
EPS Next 5Y15.56%
Revenue 1Y (TTM)10.62%
Revenue growth 3Y10.32%
Revenue growth 5Y14.5%
Sales Q2Q%9.67%
Revenue Next Year9.92%
Revenue Next 2Y9.4%
Revenue Next 3Y9.3%
Revenue Next 5Y8.99%
EBIT growth 1Y27.52%
EBIT growth 3Y12.74%
EBIT growth 5Y13.72%
EBIT Next Year27.77%
EBIT Next 3Y18.48%
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.