Technology One Ltd
TNE: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| QCb | LOCK|ZM%! | LOCK|G@y<HBM |
Technology One Transitioning Smoothly to a SaaS Business Model
Business Strategy and Outlook
Technology One is a provider of Enterprise Resource Planning, or ERP, software in Australia and the United Kingdom. The company has an excellent track record of consistent revenue, NPAT, EPS, and franked dividend growth over the past 30 years, and the asset light nature of the company has supported strong cash generation and a consistently strong balance sheet. For example, the net cash balance has steadily grown over the past decade without material equity issuance.
