Financials Tyler Technologies, Inc.

Equities

TYL

US9022521051

Software

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
460.7 USD +0.58% Intraday chart for Tyler Technologies, Inc. +14.23% +10.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,697 17,604 22,043 13,425 17,613 19,561 - -
Enterprise Value (EV) 1 11,697 17,604 23,023 14,202 18,083 19,656 19,185 18,361
P/E ratio 82.2 x 93.1 x 141 x 83.3 x 108 x 85.3 x 71.2 x 58.8 x
Yield - - - - - - - -
Capitalization / Revenue 10.8 x 15.8 x 13.8 x 7.26 x 9.02 x 9.2 x 8.39 x 7.68 x
EV / Revenue 10.8 x 15.8 x 14.5 x 7.68 x 9.27 x 9.24 x 8.23 x 7.21 x
EV / EBITDA 38.6 x 54 x 52.8 x 29.9 x 37 x 35.3 x 30.3 x 26.3 x
EV / FCF 53.8 x 53 x 68.1 x 42.9 x 55.2 x 50.6 x 42.1 x 34.9 x
FCF Yield 1.86% 1.89% 1.47% 2.33% 1.81% 1.98% 2.38% 2.87%
Price to Book - - - 5.13 x 6.02 x 6.05 x 5.38 x -
Nbr of stocks (in thousands) 38,986 40,327 40,976 41,640 42,124 42,455 - -
Reference price 2 300.0 436.5 538.0 322.4 418.1 460.7 460.7 460.7
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,086 1,117 1,592 1,850 1,952 2,127 2,332 2,546
EBITDA 1 303.4 326 435.7 475 488.4 556.4 632.7 696.9
EBIT 1 276.2 299.5 405.5 437.1 448.1 513.8 586.1 657
Operating Margin 25.43% 26.82% 25.47% 23.63% 22.96% 24.16% 25.14% 25.8%
Earnings before Tax (EBT) 1 159.8 175 159 187.6 198.2 293.6 360.2 429.9
Net income 1 146.5 194.8 161.5 164.2 165.9 234.2 283.2 339.4
Net margin 13.49% 17.45% 10.14% 8.88% 8.5% 11.01% 12.15% 13.33%
EPS 2 3.650 4.690 3.820 3.870 3.880 5.401 6.468 7.830
Free Cash Flow 1 217.5 332.4 337.8 331.3 327.4 388.3 455.9 526.5
FCF margin 20.02% 29.77% 21.22% 17.91% 16.78% 18.26% 19.55% 20.68%
FCF Conversion (EBITDA) 71.68% 101.95% 77.54% 69.75% 67.04% 69.78% 72.06% 75.56%
FCF Conversion (Net income) 148.43% 170.62% 209.24% 201.72% 197.34% 165.77% 160.96% 155.15%
Dividend per Share - - - - - - - -
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 433.5 456.1 468.7 473.2 452.2 471.9 504.3 494.7 480.9 512.4 541.8 542.3 531.8 558.4 596.4
EBITDA 1 110.3 119.2 119 126.9 109.8 112.5 125.5 132.5 117.9 134.6 141.6 148 144.2 149.4 160.6
EBIT 1 102.5 110.8 110.6 117.8 97.88 102.2 115.9 122.5 107.4 121.7 129.5 134.3 129 134.4 149.4
Operating Margin 23.63% 24.3% 23.6% 24.9% 21.64% 21.67% 22.99% 24.77% 22.33% 23.75% 23.89% 24.77% 24.26% 24.06% 25.06%
Earnings before Tax (EBT) 1 43.36 51.43 50.76 51.79 33.62 38.54 56.13 58.91 44.65 66.64 73.48 79.53 74.17 79.54 92.28
Net income 1 54.78 39.98 39.95 53.23 31.08 30.88 49.13 47.01 38.9 54.17 58.76 62.79 58.87 62.32 72.98
Net margin 12.64% 8.77% 8.52% 11.25% 6.87% 6.54% 9.74% 9.5% 8.09% 10.57% 10.84% 11.58% 11.07% 11.16% 12.24%
EPS 2 1.290 0.9400 0.9400 1.260 0.7300 0.7300 1.150 1.100 0.9100 1.260 1.355 1.439 1.359 1.427 1.656
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/16/22 4/27/22 7/27/22 10/26/22 2/15/23 4/26/23 7/26/23 11/1/23 2/14/24 4/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 980 777 470 95.6 - -
Net Cash position 1 - - - - - - 376 1,200
Leverage (Debt/EBITDA) - - 2.249 x 1.635 x 0.9626 x 0.1718 x - -
Free Cash Flow 1 217 332 338 331 327 388 456 527
ROE (net income / shareholders' equity) 9.96% 12.7% 7.49% 6.64% 5.97% 10.2% 11% 9.6%
ROA (Net income/ Total Assets) 7.36% 9.55% 4.4% 3.49% 3.54% 6.6% 7.44% 6.9%
Assets 1 1,991 2,039 3,670 4,710 4,682 3,549 3,809 4,918
Book Value Per Share 2 - - - 62.80 69.50 76.20 85.70 -
Cash Flow per Share 6.350 8.550 - 9.000 8.900 - - -
Capex 1 37.2 22.7 33.9 22.5 20.5 20.4 23 23.8
Capex / Sales 3.43% 2.03% 2.13% 1.22% 1.05% 0.96% 0.99% 0.94%
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
460.7 USD
Average target price
494.1 USD
Spread / Average Target
+7.23%
Consensus
  1. Stock Market
  2. Equities
  3. TYL Stock
  4. Financials Tyler Technologies, Inc.