Tyler Technologies Inc
NYSE:TYL

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Tyler Technologies Inc Logo
Tyler Technologies Inc
NYSE:TYL
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Price: 597.21 USD -0.65% Market Closed
Market Cap: 25.6B USD
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Intrinsic Value

The intrinsic value of one TYL stock under the Base Case scenario is 283.58 USD. Compared to the current market price of 597.21 USD, Tyler Technologies Inc is Overvalued by 53%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

TYL Intrinsic Value
283.58 USD
Overvaluation 53%
Intrinsic Value
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Base Case
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Tyler Technologies Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Tyler Technologies Inc

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Business Breakdown

Tyler Technologies Inc. stands at the forefront of software development tailored specifically for the public sector, becoming a vital partner for government entities seeking to enhance their operational efficiency. Founded in 1966, the company has established a robust portfolio of integrated solutions that facilitate everything from property tax assessment to public safety management. Their commitment to innovation and customer service has allowed Tyler to cultivate long-term relationships with over 15,000 government clients across the United States and Canada. By leveraging cutting-edge technology and data analytics, Tyler empowers local governments to streamline their processes, improve tr...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Tyler Technologies Inc

Current Assets 1.2B
Cash & Short-Term Investments 544.3m
Receivables 619.5m
Other Current Assets 74.8m
Non-Current Assets 3.8B
Long-Term Investments 3.9m
PP&E 200m
Intangibles 3.5B
Other Non-Current Assets 90.7m
Current Liabilities 1B
Accounts Payable 145.4m
Accrued Liabilities 171.3m
Other Current Liabilities 704.9m
Non-Current Liabilities 699.8m
Long-Term Debt 597.5m
Other Non-Current Liabilities 102.3m
Efficiency

Earnings Waterfall
Tyler Technologies Inc

Revenue
2.1B USD
Cost of Revenue
-1.2B USD
Gross Profit
911.9m USD
Operating Expenses
-636.3m USD
Operating Income
275.6m USD
Other Expenses
-38.9m USD
Net Income
236.7m USD

Free Cash Flow Analysis
Tyler Technologies Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Tyler Technologies reported a strong third quarter, with total revenues rising 9.8% to $543.3 million. The notable shift to SaaS continued, as SaaS revenues grew 20.3% and made up 97% of new contract value. Recurring revenues climbed 12.1%, with a total annualized recurring revenue of approximately $1.85 billion. Non-GAAP operating margin expanded to 25.4%, reflecting successful cloud efficiency initiatives. For 2024, the company expects total revenues between $2.125 billion and $2.145 billion, with GAAP diluted EPS projected at $6.13 to $6.28, signaling robust future growth.

What is Earnings Call?
Fundamental Scores

TYL Profitability Score
Profitability Due Diligence

Tyler Technologies Inc's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
55/100
Profitability
Score

Tyler Technologies Inc's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

TYL Solvency Score
Solvency Due Diligence

Tyler Technologies Inc's solvency score is 83/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Low D/E
Long-Term Solvency
83/100
Solvency
Score

Tyler Technologies Inc's solvency score is 83/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

TYL Price Targets Summary
Tyler Technologies Inc

Wall Street analysts forecast TYL stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for TYL is 681.97 USD with a low forecast of 580.75 USD and a high forecast of 740.25 USD.

Lowest
Price Target
580.75 USD
3% Downside
Average
Price Target
681.97 USD
14% Upside
Highest
Price Target
740.25 USD
24% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Unsafe
Unsafe
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Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for TYL is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Ownership

TYL Insider Trading
Buy and sell transactions by insiders

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Period Sold Bought Net
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Profile

Tyler Technologies Inc Logo
Tyler Technologies Inc

Country

United States of America

Industry

Technology

Market Cap

25.6B USD

Dividend Yield

0%

Description

Tyler Technologies, Inc. engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. The company is headquartered in Plano, Texas and currently employs 6,800 full-time employees. Its segments include Enterprise Software (ES) segment, which provides public sector entities with software systems and services to meet their information technology and automation needs for mission-critical back-office functions, such as financial management; courts and justice processes; public safety; planning, regulatory and maintenance; data analytics; and platform technologies; Appraisal and Tax (A&T) segment, which provides systems and software that automate the appraisal and assessment of real and personal property, land and vital records management as well as provides property appraisal outsourcing services for local governments and taxing authorities, and NIC, Inc. (NIC) segment, which offers digital services, such as insurance, submitting business filings, renewing licenses, accessing information and making secure payments without visiting a government office.

Contact

TEXAS
Plano
5101 Tennyson Pkwy
+19727133700.0
www.tylertech.com

IPO

1980-03-17

Employees

6 800

Officers

Executive Chairman of the Board
Mr. John S. Marr Jr.
CEO, President & Director
Mr. H. Lynn Moore Jr.
Executive VP & CFO
Mr. Brian K. Miller
Chief Operating Officer
Mr. Jeffrey D. Puckett
Chief Accounting Officer
Mr. Jason P. Durham
Chief Technology Officer
Mr. Jeffrey S. Green
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Chief Information Officer
Mr. Kevin W. Iwersen
Senior Director of Investor Relations
Ms. Hala Elsherbini
Chief Legal Officer & Corporate Secretary
Ms. Abigail M. Diaz
Chief Marketing Officer
Ms. Samantha B. Crosby
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See Also

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What is the Intrinsic Value of one TYL stock?

The intrinsic value of one TYL stock under the Base Case scenario is 283.58 USD.

Is TYL stock undervalued or overvalued?

Compared to the current market price of 597.21 USD, Tyler Technologies Inc is Overvalued by 53%.

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